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Superyacht Getaway Subs And Luxury Bomb Shelters: The Elite Are The Most Paranoid Preppers Of All

Superyachts - Public DomainWhen it comes to “prepping”, many among the elite take things to an entirely different level.  As you will see below, the elite are willing to pay big money for cutting edge home security measures, luxury bomb shelters and superyacht getaway submarines. Some of the things that the elite are demanding for their own protection go beyond even what we would see in a James Bond film, and serving the prepping needs of the elite has become a multi-billion dollar business.  Meanwhile, the media outlets that the elite own continue to mock the rest of us for getting prepared.  All the time we see headlines like this one that appeared in a major American news source: “Preppers: Meet the paranoid Americans awaiting the apocalypse“.  Well, if we are paranoid for setting aside some extra food and supplies for the future, what does that make the people that you will read about in this article?

The elite live in a world that is completely different from the world that you and I live in.  In wealthy enclaves of major global cities such as London, elitists are willing to shell out massive amounts of money to ensure that everyone else is kept out.  The following comes from an article that was just published a few hours ago by the London Evening Standard entitled “The paranoid world of London’s super-rich: DNA-laced security mist and superyacht getaway submarines“…

Business is booming because billionaires are a paranoid bunch. Take one who recently moved to Mayfair. ‘He wanted everything, from protection from cyber hacking through to physical intrusion and kidnapping,’ says Bond Gunning. ‘We ended up installing fingerprint-activated locks for family members and programmable keys for staff that limit the time they are allowed into the property and the rooms they are able to enter and exit.

‘Inside and outside we installed 24-hour monitored CCTV cameras that are so hi-tech they can tell the difference between a dog, cat and a person. In the garden there are thermal-imaging cameras that can detect heat sources in the undergrowth. One thing intruders can’t hide is the heat of their bodies.

‘Should an intruder evade the cameras or ignore the warnings they automatically broadcast, the property itself is protected by bulletproof glass and alarm sensors in all rooms. There is a bullet, gas and bombproof panic or safe room, with its own food and water, medical supplies and communications, and an impregnable supply of fresh air. Just in case the family cannot make it there in time, key rooms are sealed by reinforced shutters.’

But for many elitists, those kinds of extreme security measures are simply not enough.  That is why sales of “luxury doomsday shelters” are absolutely soaring.  If “the end of the world” arrives unexpectedly, high net worth individuals want to know that there will be somewhere for them and their families to go.  The following is an excerpt from an article about one such facility located in Indiana

As we roll down US Highway 41 in Terre Haute, Indiana , my guide insists I give him my iPhone. Then he tosses me a satin blindfold. The terms of our trip were clear—I wasn’t to know where we were going or how we got there.That’s because we’re on our way to the undisclosed location of an underground bunker designed to survive the end of the world, whatever form that apocalypse takes.

When I remove my blindfold, I am standing in a grassy clearing looking at a boxy concrete structure that serves as the entrance to a Cold War–era government communications facility gutted and reborn as Vivos Indiana. This is the Ritz Carlton of doomsday shelters, a hideout where residents can wait out a nuclear winter or a zombie apocalypse in luxury and style while the rest of humanity melts and disintegrates. The living area has 12-and-a-half-foot ceilings, sumptuous black leather couches, wall art featuring cheerful Parisian street scenes, towering faux ferns, and plush carpets. Faith Hill croons from a large-screen TV set in front of three rows of comfy beige reclining chairs. The cupboards are stocked with 60 varieties of freeze-dried and canned foodstuffs; an evening meal might include spaghetti aglio e olio topped with skillet fried steak chunks, a fresh tomato-and-zucchini salad fresh from the hydroponic garden, and decadent turtle brownies. An eight-by-nine bedroom is designed for four people (there are larger units for six) and comes with double-queen bunks clothed in 600-thread-count ivory sheets and duvet covers worthy of a four-star hotel, a comparison highlighted on the Vivos website.

That sounds lovely.

But normal people like us cannot afford something like that.  It will only be the elite that will be able to afford to hole up in underground bunkers while the world above descends into madness.

Other elitists will be taking off in their superyachts and heading out into the open ocean when things really start falling to pieces.  And if their superyachts are threatened, some of them even have “getaway subs”.  Here is more from the Evening Standard

The ultimate vehicle of choice is no longer an armoured limousine or a private jet. They’re so Noughties. If you want bragging rights these days, you need your own submarine, which floats out of a sub-sea compartment in your superyacht. ‘It’s a toy, but if the worst happened, it could also be an escape route,’ says one prominent London tycoon with a weakness for Monaco-berthed superyachts — provided they have military-grade radar jammers and missile and torpedo defences.

So exactly why are so many among the elite so concerned about their own security these days?

Why are so many of them going to such extraordinary lengths to prepare for worst case scenarios?

Do they know something that the rest of us do not?

In a previous article, I included a quote from an article in the Mirror that was published earlier this year entitled “Panicked super rich buying boltholes with private airstrips to escape if poor rise up“…

Robert Johnson, president of the Institute of New Economic Thinking, told people at the World Economic Forum in Davos that many hedge fund managers were already planning their escapes.

He said: “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway.”

The next time that someone criticizes you for prepping, just point out what the elite are doing.

Clearly, many of them are deeply concerned that something may be coming.

So are you preparing?

If so, what are you preparing for?

Please feel free to join the discussion by posting a comment below…

Obama’s Climate Fascism Is Another Nail In The Coffin For The U.S. Economy

American Flag Painting - Public DomainIs Barack Obama trying to kill the economy on purpose?  On Sunday, we learned that Obama is imposing a nationwide 32 percent carbon dioxide emission reduction from 2005 levels by the year 2030.  When it was first proposed last year, Obama’s plan called for a 30 percent reduction, but the final version is even more dramatic.  The Obama administration admits that this is going to cost the U.S. economy billions of dollars a year and that electricity rates for many Americans are going to rise substantially.  And what Obama is not telling us is that this plan is going to kill what is left of our coal industry and will destroy countless numbers of American jobs.  The Republicans in Congress hate this plan, state governments across the country hate this plan, and thousands of business owners hate this plan.  But since Barack Obama has decided that this is a good idea, he is imposing it on all of us anyway.

So how can Obama get away with doing this without congressional approval?

Well, he is using the “regulatory power” of the Environmental Protection Agency.  Congress is increasingly becoming irrelevant as federal agencies issue thousands of new rules and regulations each and every year.  The IRS, for example, issues countless numbers of new rules and regulations each year without every consulting Congress.  Government bureaucracy has spun wildly out of control, and most Americans don’t even realize what is happening.

In the last 15 days of 2014 alone, 1,200 new government regulations were published.  We are literally being strangled with red tape, and it has gotten worse year after year no matter which political party has been in power.

These new greenhouse gas regulations are terrible.  The following is a summary of what Obama is now imposing on the entire country

Last year, the Obama administration proposed the first greenhouse gas limits on existing power plants in U.S. history, triggering a yearlong review and 4 million public comments to the Environmental Protection Agency. In a video posted to Facebook, Obama said he would announce the final rule at a White House event on Monday, calling it the biggest step the U.S. has ever taken on climate change.

The final version imposes stricter carbon dioxide limits on states than was previously expected: a 32 percent cut by 2030, compared to 2005 levels, senior administration officials said. Obama’s proposed version last year called only for a 30 percent cut.

In America today, the burning of coal produces approximately 40 percent of the electrical power used by Americans each year.

So what is this going to do to our electricity bills?

You guessed it – at this point even the Obama administration is admitting that they are going to go up.  The following comes from Fox News

The Obama administration previously predicted emissions limits will cost up to $8.8 billion annually by 2030, though it says those costs will be far outweighed by health savings from fewer asthma attacks and other benefits. The actual price is unknown until states decide how they’ll reach their targets, but the administration has projected the rule would raise electricity prices about 4.9 percent by 2020 and prompt coal-fired power plants to close.

In the works for years, the power plant rule forms the cornerstone of Obama’s plan to curb U.S. emissions and keep global temperatures from climbing, and its success is pivotal to the legacy Obama hopes to leave on climate change. Never before has the U.S. sought to restrict carbon dioxide from existing power plants.

And we must keep in mind that government projections are always way too optimistic.  The real numbers would almost surely turn out to be far, far worse than this.

In addition, these new regulations are going to complete Barack Obama’s goal of destroying our coal industry.  In a previous article, I included an excerpt from a recent news article about how some of the largest coal producers in America have just announced that they are declaring bankruptcy

On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.

Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.

Barack Obama has actually done something that he promised to do.

He promised to kill the coal industry, and he is well on the way to accomplishing that goal.

Of course Hillary Clinton thinks that this is a splendid idea.  She called Obama’s plan “the floor, not the ceiling”, and she is pledging to do even more to reduce greenhouse gas emissions.  The following comes from the Washington Post

Democratic presidential front-runner Hillary Rodham Clinton pledged Sunday that if elected she will build on a new White House clean-energy program and defend it against those she called “Republican doubters and defeatists.”

Clinton was the first 2016 candidate to respond to the ambitious plan that President Obama will debut on Monday. Details of the program, which aims to cut greenhouse-gas pollution, were released over the weekend. The new regulation will require every state to reduce emissions from coal-burning power plants.

And you know what?

The climate control freaks will never be satisfied.  Since just about all human activity affects the climate in some way, they will eventually demand control over virtually everything that we do in the name of “saving the planet”.  That is why I call it “climate fascism” – in the end it is all about control.

During the month of September, the Pope is going to travel to the United Nations to give a major speech to kick off the conference at which the UN’s new sustainable development agenda will be launched.  As I have documented previously, this new agenda does not just cover greenhouse gas emissions and the environment.  It also addresses areas such as economics, agriculture, education and gender equality.  It has been called “Agenda 21 on steroids”, and it is basically a blueprint for governing the entire planet.

Unfortunately, that is ultimately what the elite want.

They want to micromanage the lives of every, man, woman and child on the globe.

They will tell us that unless people everywhere are forced to reduce their “carbon footprints” that climate catastrophe is absolutely certain, but their “solutions” always mean more power and more control in their hands.

Barack Obama promised to fundamentally transform America, and he is doing it in hundreds of different ways.  These new greenhouse gas regulations are just one example.  Our nation is being gutted like a fish, and most Americans don’t seem to care.

What in the world will it take for this country to finally wake up?

Another Reason To Move Away From California: ‘Conditions Are Like A Third-World Country’

Drought - Public DomainAs if anyone actually needed another reason to move out of the crazy state of California, now it is being reported that conditions in some areas of the state “are like a third-world country” due to the multi-year megadrought that has hit the state.  In one California county alone, more than 1,000 wells have gone dry as the groundwater has disappeared.  The state is turning back into a desert, and an increasing number of homes no longer have any water coming out of their taps or showerheads.  So if you weren’t scared away by the wildfires, mudslides, high taxes, crime, gang violence, traffic, insane political correctness, the nightmarish business environment or the constant threat of “the big one” reducing your home to a pile of rubble, perhaps the fact that much of the state could soon be facing Dust Bowl conditions may finally convince you to pack up and leave.  And if you do decide to go, you won’t be alone.  Millions of Californians have fled the state in recent years, and this water crisis could soon spark the greatest migration out of the state that we have ever seen.

Back in 1972, Albert Hammond released a song entitled “It Never Rains In Southern California“, and back then that was considered to be a good thing.

But today, years of very little rain are really starting to take a toll.  In fact, one government official says that conditions in Tulare Country “are like a third-world country”

Near California’s Success Lake, more than 1,000 water wells have failed. Farmers are spending $750,000 to drill 1,800 feet down to keep fields from going fallow. Makeshift showers have sprouted near the church parking lot.

The conditions are like a third-world country,” said Andrew Lockman, a manager at the Office of Emergency Services in Tulare County, in the heart of the state’s agricultural Central Valley about 175 miles (282 kilometers) north of Los Angeles.

As California enters the fourth year of a record drought, its residents and $43 billion agriculture industry have drawn groundwater so low that it’s beyond the reach of existing wells. That’s left thousands with dry taps and pushed farmers to dig deeper as Governor Jerry Brown, a 77-year-old Democrat, orders the first mandatory water rationing in state history.

The mandatory water restrictions that Governor Brown is imposing are going to be very painful for a lot of people.  We have just learned that some California communities will be required to cut their water usage by up to 36 percent

Californians are going to have to start preparing for a dry summer as the dehydrated state prepares for a water crackdown.

In a somewhat controversial move, California water officials drafted a set of mandatory conservation regulations outlining varying degrees to which communities will be required to cut back on water use, ranging from 8 to 36 percent, depending on their history of water consumption.

The regulations — slated for approval in early May — are part of California’s first-ever attempt at mandatory rationing. Earlier this month, Gov. Jerry Brown issued an executive order requiring a 25 percent reduction in urban water use, a historic step in a series of measures aimed at conservation ahead of the state’s fourth consecutive year of drought.

And of course it isn’t just the state of California that is dealing with drought.

All over the southwest United States, we are seeing conditions that we have not witnessed since the days of the Dust Bowl in the 1930s.

In fact, the water level in Lake Mead is now the lowest that it has been since those days, and it is expected to drop even lower in the months ahead

One of the most stunning places to see its impact is at the nation’s largest reservoir, Lake Mead, near Las Vegas. At about 40 percent of capacity, it’s the lowest it’s been since it was built in the 1930s.

“Just to see the rings around it, it’s just … kind of scary, you know,” says Darlene Paige, a visitor from New York. She’s standing at a vista point above the Hoover Dam on the Arizona side of Lake Mead.

That “ring” is the infamous bathtub ring around the rim of the reservoir. The levels have dropped 140 feet over the past 15 years, exposing a white stain on the gravelly brown mountains above the water. The level is forecast to fall an additional 10 feet by this summer.

According to the Government Accountability Office, it is being projected that a total of 40 U.S. states will be dealing with a shortage of water by the end of the next decade.

It has been said that “water is the new oil”, and this is just the beginning.  The truth is that as bad as things are here, we are actually in far better shape than almost everyone else in the world to deal with the emerging global water crisis.  All over the planet supplies of fresh water are disappearing, and the availability of water is going to increasingly become a major geopolitical issue in the years to come.

And even now, the U.S. government is taking all of this very seriously.  In fact, the EPA is already trying to train our kids to take showers instead of baths

Parents across America who struggle to keep their young rambunctious kids clean now have a new obstacle: the U.S. Environmental Protection Agency (EPA).

As part of its effort to help save the planet from the dangers of taking too many baths, the EPA’s WaterSense program is trying to convince kids they should avoid bathtubs in favor of showers, which it says is a far more efficient use of water.

“To save even more water, keep your shower under five minutes long—try timing yourself with a clock next time you hop in!” the “WaterSense for Kids” website says.

For most of our lives, most of us have been able to take water for granted.

But now things are changing, and we are going to have to adjust to these new realities.

So what do you think about this emerging water crisis?  Please feel free to share your thoughts by posting a comment below…

11-Year-Old Girl BANNED From Selling Cupcakes By Control Freak Government Bureaucrats

Marble Cupcakes - Photo by F_A from Ostwestfalen, GermanyAmerica is being suffocated to death by red tape.  You are about to read about an 11-year-old girl in Illinois that had her cupcake business brutally shut down by government bureaucrats.  Her name is Chloe Stirling and her crime was doing something that we used to applaud young people in America for doing.  Instead of sitting on her sofa and watching television all day, she actually started her own business.  And it turned out there her little business started thriving.  In fact, it started doing so well that a local newspaper took notice of it.  Well, that is when the control freaks swooped in and took her business away and banned her from selling any more cupcakes.  The really sad thing is that people are being paid to do this with our tax dollars.  All over America, little entrepreneurs are having their lemonade stands shut down and are being banned from selling Girl Scout cookies, and our tax dollars are paying the people that are doing it.  As I wrote about earlier this month, the level of economic freedom in the United States is at an all-time low, and it gets worse with each passing year.  The country that so many of us love is dying, and it is being replaced with something that I like to call “the USSA”.

In the Union of Soviet Socialist Americans, you have to have a government “license” or “permit” to do just about anything.  If the government does not give you permission, you can get into a whole lot of trouble.

Little 11-year-old Chloe Stirling must have thought that this was still the nation that George Washington and Thomas Jefferson once founded, because she dared to actually start a business and sell cupcakes to the public.  Little did she know that she would soon make national news

An 11-year-old girl from Illinois got a dose of regulation American-style this week when local government officials shut down her cupcake business.

Chloe Stirling, from Troy, got the front-page treatment from her local newspaper, which featured how well her business, Hey, Cupcake, was doing. By all accounts, it was a successful little enterprise. Chloe was getting $10 for a dozen cupcakes and $2 for each specialty cupcake. She even donated her cupcakes when a boy in her school fighting cancer held a fundraiser.

So why did they shut her down?

Well, it turns out that she didn’t have a “permit” to sell cupcakes and her kitchen was not “licensed”.

Like I said, you have to have permission from the government to do just about anything these days.

Another example of this phenomenon that is absolutely infuriating took place out in Fauquier County, Virginia.  When a mother held a birthday party for eight 10-year-old girls and posted the photos on Facebook, she never imagined that she would soon be hit with $15,000 in fines…

Martha Boneta owns a small farm in Fauquier County, Virginia, where she recently hosted a birthday party for eight 10-year-old girls. They wore hats, picked veggies, and made goat’s milk soap. The county says she should have obtain a license before hosting such an event and hit her with a $5,000 fine.

Boneta also got slammed with two more fines for $5,000 each, one for advertising a pumpkin carving and another for violations in the small shop on her property. Boneta sells produce from her farm, as well as eggs, yarn, birdhouses, and local crafts. She sought and received a license for the shop in 2011, but the county now says she can’t sell handiwork or produce from her neighbors under that license.

Stuff like this just makes me want to scream sometimes.

What is happening to this country?

A few years ago, my wife used to take old pieces of furniture, sand them down, repaint them and sell them to others.  It was something that she really enjoyed doing and she made some extra money along the way.

But if you try doing that in some areas of the country today, the EPA could potentially hit you with a fine of $30,000 for a single incident in which you do not follow the proper procedures.  The following is an excerpt from a discussion that some furniture painters were having on Facebook.  It is a little technical, but it is worth reading.  In this excerpt the identity of the business has been removed to protect the business from overzealous regulators…

As a painter in PA, I am required by law to test everything that I disturb and I must charge the customer $60 for every test I perform which adds up. What the law states in my area is that if I disturb more than 6 square inches on anything made prior to Jan 1 1979 I must test it. Disturbing means, sanding, scraping, or even using a sponge/scuff pad (like you use on your pots) if I disturb more than 6 inches, I must take photographs, document in 4 different logs, I have local, county, state, and federal log books. If I find lead then I must suit up. Originally, the law stated that if there were no children around then you didn’t have to do that however some lame brained legislator decided that if a child enters the premises for more than one hour a day, we must assume they will be in contact with the lead and therefore will contract lead poisoning. Then the legislators decided that if you were over the age of 60 then it didn’t matter, you didn’t have to test who cares if you get poisoned. Lo and behold OSHA stepped in and joined forces with the EPA, they decided that all were at risk including your pets and the leaves on your trees can hold the lead dust and …..well, that’s a whole other issue.

What is happening now is that so many painters decided they weren’t going to follow the lead law, that OSHA and EPA send out secret shoppers. A lot of us don’t even put our logo’s on our vehicles because that invites these shoppers to investigate. If you come to the **** ********, you won’t see signage on the building, you have to get to the actual door of the workroom to know we are there. We no longer have logo’s on our vehicles either as the fines are too stiff. There isn’t one of us that can afford a find of $30,000.00 A DAY, not a year, A DAY.

The government bureaucrats are running wild and the rest of us are just sitting back and letting it happen.

Things have gotten so bad in this country that the federal government even requires small-time magicians to submit “disaster plans” for the rabbits that they use in their acts.  The following is an excerpt from one of my previous articles

Central planning in this country is getting completely and totally out of control.  These days, you can hardly do anything without running into a suffocating web of red tape.  For example, a small-time magician from Missouri that does magic shows for kids was absolutely horrified when he learned that the Obama administration is requiring him to submit a 32 page “disaster plan” for the rabbit that he uses in his shows.  Yes, this is actually true.  His name is Marty Hahne, and he thought that it was bad enough when the U.S. Department of Agriculture busted him for not having a “license” for his rabbit.  He went out and acquired the proper “license” for his rabbit, but he never dreamed that eventually he would also have to submit a 32 page “disaster plan” for the same rabbit.

You can read the rest of that article right here.

Are you starting to get the picture?

These control freaks want to completely dominate every aspect of our lives.  The “nanny state” is entirely out of control and it is up to “we the people” to do something about it.

Barack Obama revealed the kind of mentality that is behind this “nanny state” when he recently made the following statement

“I would not let my son play pro football”

And without a doubt, the control freaks that run things will try to ban football (or at least “tone it down”) the moment that they think that they can get away with it.

America was supposed to be a place where liberty and freedom were maximized and the interference of the federal government in our lives was supposed to be minimized.

Instead, what we have now is just the opposite.

No wonder Americans consider the government to be their biggest problem.

Marble Cupcakes - Photo by F_A from Ostwestfalen, Germany

What Recovery? Sears And J.C. Penney Are DYING

Sears - Photo by Belus Capital AdvisorsTwo of the largest retailers in America are steamrolling toward bankruptcy.  Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral from which it will be impossible to escape.  Once upon a time, Sears was actually the largest retailer in the United States, and even today Sears and J.C. Penney are “anchor stores” in malls all over the country.  When I was growing up, my mother would take me to the mall when it was time to go clothes shopping, and there were usually just two options: Sears or J.C. Penney.  When I got older, I actually worked for Sears for a little while.  At the time, nobody would have ever imagined that Sears or J.C. Penney could go out of business someday.  But that is precisely what is happening.  They are both shutting down unprofitable stores and laying off employees in a desperate attempt to avoid bankruptcy, but everyone knows that they are just delaying the inevitable.  These two great retail giants are dying, and they certainly won’t be the last to fall.  This is just the beginning.

The Death Of Sears

Sales have declined at Sears for 27 quarters in a row, and the legendary retailer has been closing hundreds of stores and selling off property in a frantic attempt to turn things around.

Unfortunately for Sears, it is not working.  In fact, Sears has announced that it expects to lose “between $250 million to $360 million” for the quarter that will end on February 1st.

Things have gotten so bad that Sears is even making commercials that openly acknowledge how badly it is struggling.  For example, consider the following bit of dialogue from a recent Sears television commercial featuring two young women…

“Wait, the movie theater is on the other side,” the passenger says.

“But Sears always has parking!” the driver responds.

Sears always has parking???

Of course the unspoken admission is that Sears always has parking because nobody shops there anymore.

I have posted video of the commercial below…

A couple of months ago I walked into a Sears store in the middle of the week and it was like a ghost town.  A few associates were milling around here and there having private discussions among themselves, but other than that it was eerily quiet.

You can find 18 incredibly depressing photographs which do a great job of illustrating why Sears is steadily dying right here.  This was once one of America’s greatest companies, but soon it will be dead.

The Death Of J.C. Penney

J.C. Penny has been a dead man walking for a long time.  In some ways, it is in even worse shape than Sears.

If you can believe it, J.C. Penney actually lost 586 million dollars during the second quarter of 2013 alone.

How in the world do you lose 586 million dollars in three months?

Are they paying employees to flush giant piles of cash down the toilets?

This week J.C. Penney announced that it is eliminating 2,000 jobs and closing 33 stores.  The following is a list of the store closings that was released to the public…

Selma, Ala. — Selma Mall

Rancho Cucamonga, Calif. — Arrow Plaza

Colorado Springs — Chapel Hills Mall

Meriden, Conn. — Meriden Square

Leesburg, Fla. — Lake Square Mall

Port Richey, Fla. — Gulf View Square

Muscatine, Iowa — Muscatine Mall

Bloomingdale, Ill. — Stratford Square Mall

Forsyth, Ill. — Hickory Point Mall

Marion, Ind. — Five Points Mall

Warsaw, Ind. — Marketplace Shopping Center

Salisbury, Md. — The Centre at Salisbury

Marquette, Mich. — Westwood Plaza

Worthington, Minn. — Northland Mall

Gautier, Miss. — Singing River Mall

Natchez, Miss. — Natchez Mall

Butte, Mont. — Butte Plaza Shopping Center

Cut Bank, Mont.

Kinston, N.C. — Vernon Park Mall

Burlington, N.J. — Burlington Center

Phillipsburg, N.J. — Phillipsburg Mall

Wooster, Ohio — Wayne Towne Plaza

Exton, Pa. — Exton Square Mall

Hazleton, Pa. — LaurelMall

Washington, Pa. — Washington Mall

Chattanooga — Northgate Mall

Bristol, Va. — Bristol Mall

Norfolk, Va. — Military Circle Mall

Fond du Lac, Wis., Forest Mall

Janesville, Wis. — Janesville Mall

Rhinelander, Wis. — Lincoln Plaza Center

Rice Lake, Wis. — Cedar Mall

Wausau, Wis. — Wausau Mall

The CEO of J.C. Penney says that these closures were necessary for the future of the company…

“As we continue to progress toward long-term profitable growth, it is necessary to reexamine the financial performance of our store portfolio and adjust our national footprint accordingly,” CEO Myron Ullman said in a news release.

Actually, his statement would be a lot more accurate if he replaced “continue to progress toward long-term profitable growth” with ” prepare for bankruptcy”.

It would be hard to overstate how much of a disaster 2013 was for J.C. Penney.  The following is an excerpt from a recent CNN article

It’s been a brutal year for J.C. Penney, its stock falling over 60% in the past 12 months. The company has been losing hundreds of millions of dollars per quarter, and is in the midst of another turnaround effort after ousting former Apple executive Ron Johnson last year.

Overall, shares of J.C. Penney have fallen by an astounding 84 percent since February 2012.  And keep in mind that this decline has happened during one of the greatest stock market rallies of all-time.

For now, J.C. Penney will continue to try to desperately raise more cash from investors that are foolish enough to give it to them, but all that is really accomplishing is just delaying the inevitable.

If you would like to see some photos that graphically illustrate why J.C. Penney is falling apart, you can find some right here.

And of course Sears and J.C. Penney are not the only large retailers that have fallen on hard times.  This week the CEO of Best Buy admitted that sales declined at his chain during the holiday season…

Best Buy shares skid on Thursday after the retailer said total revenue and sales at its established U.S stores fell in the all-important holiday season due to intense discounting by rivals, supply constraints for key products and weak traffic in December.

In the immediate aftermath of that announcement, Best Buy stock was down more than 30 percent in pre-market trading.

And Macy’s just announced that it is laying off 2,500 employees in an attempt to move in a more profitable direction.

So why is all of this happening?

Aren’t we supposed to be in the midst of an “economic recovery”?

That is what the Obama administration and the mainstream media keep telling us, but it is simply not true.

In fact, a new Gallup survey has found that the number of Americans that are “financially worse off” than a year ago is significantly higher than the number of Americans that say that they are “financially better off” than a year ago…

More Americans, 42%, say they are financially worse off now than they were a year ago, reversing the lower levels found over the past two years. Just more than a third of Americans say their financial situation has improved from a year ago.

That is why these stores are dying.

Things continue to get even worse for the middle class.

But a lot of people out there will continue to deny what is happening right in front of their eyes.  They are kind of like that woman over in California who was conned out of half a million dollars by a Nigerian online dating scam.  They will never admit the truth until it is far too late to do anything about it.

So have you been to a Sears or a J.C. Penney lately?

Do you believe that they will survive?

Please feel free to share what you think by posting a comment below…

Vast Stretches Of Impoverished Appalachia Look Like They Have Been Through A War

West VirginiaIf you want to get an idea of where the rest of America is heading, just take a trip through the western half of West Virginia and the eastern half of Kentucky some time.  Once you leave the main highways, you will rapidly encounter poverty on a level that is absolutely staggering.  Overall, about 15 percent of the entire nation is under the poverty line, but in some areas of eastern Kentucky, more than 40 percent of the population is living in poverty.  Most of the people would work if they could.  Over the past couple of decades, locals have witnessed businesses and industries leave the region at a steady pace.  When another factory or business shuts down, many of the unemployed do not even realize that their jobs have been shipped overseas.  Coal mining still produces jobs that pay a decent wage, but Barack Obama is doing his very best to kill off that entire industry.  After decades of decline, vast stretches of impoverished Appalachia look like they have been through a war.  Those living in the area know that things are not good, but they just try to do the best that they can with what they have.

In previous articles about areas of the country that are economically depressed, I have typically focused on large cities such as Detroit or Camden, New Jersey.  But the economic suffering that is taking place in rural communities in the heartland of America is just as tragic.  We just don’t hear about it as much.

Most of those that live in the heart of Appalachia are really good “salt of the earth” people that just want to work hard and do what is right for their families.  But after decades of increasing poverty, the entire region has been transformed into an economic nightmare that never seems to end.  The following is a description of what life is like in Appalachia today that comes from a recent article by Kevin D. Williamson

Thinking about the future here and its bleak prospects is not much fun at all, so instead of too much black-minded introspection you have the pills and the dope, the morning beers, the endless scratch-off lotto cards, healing meetings up on the hill, the federally funded ritual of trading cases of food-stamp Pepsi for packs of Kentucky’s Best cigarettes and good old hard currency, tall piles of gas-station nachos, the occasional blast of meth, Narcotics Anonymous meetings, petty crime, the draw, the recreational making and surgical unmaking of teenaged mothers, and death: Life expectancies are short — the typical man here dies well over a decade earlier than does a man in Fairfax County, Va. — and they are getting shorter, women’s life expectancy having declined by nearly 1.1 percent from 1987 to 2007.

In these kinds of conditions, people do whatever they have to do just to survive.  With so much poverty around, serving those on food stamps has become an important part of the local economy.  In fact, cases of soda purchased with food stamps have become a form of “alternative currency” in the region.  In his article, Williamson described how this works…

It works like this: Once a month, the debit-card accounts of those receiving what we still call food stamps are credited with a few hundred dollars — about $500 for a family of four, on average — which are immediately converted into a unit of exchange, in this case cases of soda. On the day when accounts are credited, local establishments accepting EBT cards — and all across the Big White Ghetto, “We Accept Food Stamps” is the new E pluribus unum – are swamped with locals using their public benefits to buy cases and cases — reports put the number at 30 to 40 cases for some buyers — of soda. Those cases of soda then either go on to another retailer, who buys them at 50 cents on the dollar, in effect laundering those $500 in monthly benefits into $250 in cash — a considerably worse rate than your typical organized-crime money launderer offers — or else they go into the local black-market economy, where they can be used as currency in such ventures as the dealing of unauthorized prescription painkillers — by “pillbillies,” as they are known at the sympathetic establishments in Florida that do so much business with Kentucky and West Virginia that the relevant interstate bus service is nicknamed the “OxyContin Express.” A woman who is intimately familiar with the local drug economy suggests that the exchange rate between sexual favors and cases of pop — some dealers will accept either — is about 1:1, meaning that the value of a woman in the local prescription-drug economy is about $12.99 at Walmart prices.

I would encourage everyone to read the rest of Williamson’s excellent article.  You can find the entire article right here.

In Appalachia, the abuse of alcohol, meth and other legal and illegal drugs is significantly higher than in the U.S. population as a whole.  In a desperate attempt to deal with the pain of their lives, many people living in the region are looking for anything that will allow them to “escape” for a little while.  The following is an excerpt from an excellent article by Chris Hedges which describes what life is like in the little town of Gary, West Virginia at this point…

Joe and I are sitting in the Tug River Health Clinic in Gary with a registered nurse who does not want her name used. The clinic handles federal and state black lung applications. It runs a program for those addicted to prescription pills. It also handles what in the local vernacular is known as “the crazy check” — payments obtained for mental illness from Medicaid or SSI — a vital source of income for those whose five years of welfare payments have run out. Doctors willing to diagnose a patient as mentally ill are important to economic survival.

“They come in and want to be diagnosed as soon as they can for the crazy check,” the nurse says. “They will insist to us they are crazy. They will tell us, ‘I know I’m not right.’ People here are very resigned. They will avoid working by being diagnosed as crazy.”

The reliance on government checks, and a vast array of painkillers and opiates, has turned towns like Gary into modern opium dens. The painkillers OxyContin, fentanyl — 80 times stronger than morphine — Lortab, as well as a wide variety of anti-anxiety medications such as Xanax, are widely abused. Many top off their daily cocktail of painkillers at night with sleeping pills and muscle relaxants. And for fun, addicts, especially the young, hold “pharm parties,” in which they combine their pills in a bowl, scoop out handfuls of medication, swallow them, and wait to feel the result.

Of course this kind of thing is not just happening in the heart of Appalachia.  All over the country there are rural communities that are economically depressed.  In fact, according to the Wall Street Journal, economic activity in about half of the counties in the entire nation is still below pre-recession levels…

About half of the nation’s 3,069 county economies are still short of their prerecession economic output, reflecting the uneven economic recovery, according to a new report from the National Association of Counties.

So what are our “leaders” doing to fix this?

Well, they plan to ship millions more of our good jobs overseas.

Unfortunately, I am not kidding.

Republicans in the House of Representatives are introducing “fast track” trade promotion authority legislation that will pave the way for rapid approval of the secret trade treaty that Barack Obama has been negotiating.  The following is how I described this insidious treaty in a previous article

Did you know that the Obama administration is negotiating a super secret “trade agreement” that is so sensitive that he isn’t even allowing members of Congress to see it?  The Trans-Pacific Partnership is being called the “NAFTA of the Pacific” and “NAFTA on steroids”, but the truth is that it is so much more than just a trade agreement.  This treaty has 29 chapters, but only 5 of them have to do with trade.  Most Americans don’t realize this, but this treaty will fundamentally change our laws regarding Internet freedom, health care, the trading of derivatives, copyright issues, food safety, environmental standards, civil liberties and so much more.  It will also merge the United States far more deeply into the emerging one world economic system.

Once again, our politicians are betraying the American people and millions of jobs will be lost as a result.

Not that the economy needs another reason to go downhill.  The truth is that our economic foundations have already been rotting away for quite some time.

But now the ongoing economic collapse seems to be picking up steam again.  For example, the Baltic Dry Index (a very important indicator of global economic activity) is collapsing at a rate not seen since the great financial crash of 2008

Despite ‘blaming’ the drop in the cost of dry bulk shipping on Colombian coal restrictions, it seems increasingly clear that the 40% collapse in the Baltic Dry Index since the start of the year is more than just that. While this is the worst start to a year in over 30 years, the scale of this meltdown is only matched by the total devastation that occurred in Q3 2008. Of course, the mainstream media will continue to ignore this dour index until it decides to rise once again, but for now, 9 days in a row of plunging prices is yet another canary in the global trade coalmine and suggests what inventory stacking that occurred in Q3/4 2013 is anything but sustained.

Soon economic conditions will get even worse for Appalachia and for the rest of the country.  The consequences of decades of very foolish decisions are rapidly catching up with us, and millions upon millions of Americans are going to experience immense economic pain during the years to come.

So what are things like in your area of the country right now?  Please feel free to share your thoughts by posting a comment below…

West Virginia

55 Reasons Why California Is The Worst State In America

Why in the world would anyone want to live in the state of California at this point?  The entire state is rapidly becoming a bright, shining example of everything that is wrong with America.  It is so sad to watch our most populated state implode right in front of our eyes.  Like millions of Americans, I was quite enamored with the state of California when I was younger.  The warm weather, the beaches, the great natural beauty of the state and the mystique of Hollywood all really appealed to me.  At one point I even thought that I wanted to move there.  But today, hordes of Californians are racing to get out of the state because it has become a total nightmare.  It is the worst state in the country in which to do business, taxes were just raised even higher, unemployment is more than 20 percent higher than the national average and the state government is drowning in debt.  Meanwhile, poverty, gang activity and crime just seem to get worse with each passing year.  On top of everything else, the insane politicians in Sacramento just keep on passing more laws that make the problems that the state is facing even worse.  Unfortunately, what is happening in California may be a preview of what is coming to the entire nation.  The old adage, “as California goes, so goes the nation”, has been proven to be true way too many times.

In dozens of different ways, the state of California is showing the rest of us what not to do.  Will we learn from their mistakes, or will we follow them into oblivion?  Please share the list below with as many people as you can.  In addition to a large amount of new research, this list also pulled heavily from one of my previous articles and from outstanding research done by Richard Rider.  The following are 55 reasons why California is the worst state in America…

1. One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

2. In 2011, the state of California ranked 50th out of all 50 states in new business creation.

3. According to one recent study, California is the worst-governed state in the entire country.

4. Thanks to Proposition 30, California now boasts the highest state income tax rate in the nation.

5. Even though California just raised taxes dramatically on the wealthy, state revenues are falling like a rock.  State revenue for November 2012 was 10.8 percent below projections.

6. California has the highest sales tax rate in the United States.

7. California has the 8th highest corporate income tax rate in the country.

8. California has the highest “minimum corporate tax” in the country.  Each corporation must pay at least $800 to the state even if a corporation does not make a single dollar of profit.

9. California is tied with New York for the highest gasoline tax rate in the country.

10. California is the only state in America that taxes carbon emissions.

11. The state of California issues some of the most expensive traffic tickets in the nation.  This is another form of taxation.

12. As of October, only Nevada and Rhode Island had higher unemployment rates than California.

13. The unemployment rate in California is more than 20 percent higher than the overall unemployment rate for the rest of the nation.

14. The state of California requires licenses for 177 different occupations (the most in the nation).  The national average is only 92.

15. California teachers are the highest paid in the nation, but California students rank 48th in math and 49th in reading.

16. California accounts for 12 percent of the U.S. population, but a whopping 33 percent of Americans that receive TANF (Temporary Assistance for Needy Families) live there.

17. Only the state of Illinois has a lower bond rating than the state of California does.

18. Including unfunded pension liabilities, the state of California has more than twice as much debt as any other state does.

19. Average pay for California state workers has risen by more than 100 percent since 2005.  That is good news for those state employees, but it is bad news for the taxpayers that have to pay their salaries.

20. More than 5,000 California state troopers made more than $100,000 last year.

21. One highway patrol officer ended up bringing home almost $484,000 in 2011.

22. One state psychiatrist in California was paid $822,000 in 2011.

23. Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

24. Sadly, an astounding 60 percent of all students attending California public schools now qualify for free or reduced-price school lunches.

25. The American Tort Reform Association has ranked the state of California as the worst “judicial hellhole” in America.

26. Businesses all over the state of California are being absolutely suffocated to death by ridiculous regulations.

27. According to the Milken Institute, operating costs for California businesses are 23 percent higher than the national average.

28. According to CNN, the state of California had the worst “small business failure rate” in America in 2010.  It was 69 percent higher than the national average.

29. The number of people unemployed in the state of California is roughly equivalent to the populations of Nevada, New Hampshire and Vermont combined.

30. Residential customers in California pay about 29 percent more for electricity than the national average.

31. So many poor people and illegal aliens have taken advantage of the “free” healthcare at emergency rooms that many of them have been forced to shut down in California.  As a result, the state of California now ranks dead last out of all 50 states in the number of emergency rooms per million people.

32. Political correctness is totally out of control in California.

33. One California town is actually considering making it illegal to smoke in your own backyard.

34. The traffic around the big cities is horrific.

35. Los Angeles

36. San Francisco

37. Oakland

38. Stockton

39. Sacramento

40. The rampant gang activity in the state gets even worse with each passing year.

41. Crime continues to rise all over the state.

42. Just recently, the city attorney of San Bernardino, California told citizens to “lock their doors and load their guns” because there is not enough money to pay for adequate police protection any longer.

43. The murder rate in San Bernardino is up 50 percent this year.

44. In Oakland, burglaries are up 43 percent so far this year.

45. Today, Oakland is considered the 5th most violent city in the United States.

46. There have been more than 250 gold chain robberies in Stockton, California just since the month of April.

47. In Stockton, the police budget cuts got so bad that the police union put up a billboard at one point with the following message: “Welcome to the 2nd most dangerous city in California. Stop laying off cops.”

48. Jerry Brown.

49. The absolutely insane California state legislature.

50. Wildfires.

51. Mudslides.

52. The state of California lies directly along the infamous “Ring of Fire“.  Approximately 90 percent of all the earthquakes in the entire world happen along the Ring of Fire and the “Big One” could hit the state at any moment.

53. According to the U.S. Census Bureau, approximately 100,000 more people moved out of the state of California in 2011 than moved into it.

54. During 2011, more than 58,000 people moved from California to the state of Texas.

55. Overall, the state of California has experienced a net loss of about four million residents to other states over the past 20 years.

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