If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a major “turning point” for the U.S. economy, and I still feel that way. And since I started The Economic Collapse Blog at the end of 2009, I have never seen as many indications that we are headed into another major economic downturn as I do right now. If retailers are closing this many stores already, what are our malls and shopping centers going to look like a few years from now? Continue reading
Occupy’s plans for nationwide May Day chaos are going full-speed ahead, with the movement boasting of “direct action” schemes that include protest marches, shutting down the financial sector, and blocking bridges and tunnels.
The group’s official websites announce plans to “occupy” Manhattan-bound bridges and tunnels as well as the Golden Gate Bridge in San Francisco Tuesday
Besides street protests, sympathizers are asked to engage in a U.S. general strike to “shut it down,” referring to the country’s economy.
In the San Francisco Bay Area, protests are slated to kick off with Occupy activists congregating at 6 a.m. Pacific Time to “Occupy the Golden Gate Bridge.”
The Bay Area schedule is replete with “anti-capitalist” events such as an “anti-patriarchy” protest and actions to protest “gentrification.”
The plan to shut down the U.S. economy is reminiscent of plans first hatched in March 2010 by Stephen Lerner, a controversial anti-capitalist SEIU organizer. Lerner visited the Obama White House at least four times.
WND was first to report Lerner was the brain behind some of the economic protest templates being used by the Occupy Wall Street campaign.
Lerner last year laid out a mass economic protest plan intended to bring down the stock market. He boasted it could be used to cause a new financial crisis. His ideology prompted some conservative critics to go so far as to label him an economic terrorist.
Lerner outlined his campaign to “stoke simmering discontent into concrete, concerted direct action to challenge corporate extremism.”
Lerner’s campaign was intended to sow “the seeds of a movement that turns the tables on [Wall Street].”