Ripped From The Headlines, August 25, 2023
US Consumers Under Stress, Paper Straws Include Poison, Wells Fargo Outages Increase - Read, Share, & Subscribe - SherlocExposes.com
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“Consumers power the U.S. economy, and their capacity to spend has repeatedly defied predictions. In early 2020, after a short but severe recession caused by the pandemic, consumers splurged on big-ticket goods, from patio furniture to flat-screen TVs and home gym equipment. Then came what economists called ‘revenge spending’ with experiences that were off-limits during lockdowns, like traveling and going to concerts, taking precedence.
Now there are signs that some shoppers are becoming more cautious, as Americans’ savings erode, inflation continues to bite and other factors tighten their wallets — namely, the resumption of student loan payments in October. Financial reports from retailers — including Macy’s, Kohl’s, Foot Locker and Nordstrom — that landed this week suggest a shift is underway, from consumers buying with abandon to spending more on their needs.
‘Last year it was more psychological,’ said Janine Stitcher, a retail analyst at the brokerage firm BTIG. ‘But now that we’ve been dealing with inflation for as long as we have, I just think we’re getting to a point where savings are depleted.’
But even retailers with strong sales say there are signs of economic strain among shoppers.
‘It is clear that the lower-income shopper, our core customer, is still under significant economic pressure,’ Michael O’Sullivan, the chief executive of the off-price retailer Burlington Stores, said in a statement on Thursday. In the three months through July, Burlington saw a 4 percent rise in sales and more than doubled its profit.
THINGS TO PONDER:
The government tells you one thing… but the American people tell another story.
If you don’t believe you’re being played and lulled into a false sense of security by the mainstream, this isn’t the publication for you.
Long story short, the facade of “the economy being better than ever” is cracking…
And, if you think it’s “all about the stock market” you’re in for a VERY nasty surprise. Get prepared, now.
Brace For Impact.
Click Here to read the full article.
“Paper straws contain potentially toxic chemicals which could pose a risk to people, wildlife and the environment, a study has found.
Poly- and perfluoroalkyl substances (PFAS), which are long-lasting and potentially destructive to human health over time, were discovered in the majority of paper and bamboo straws tested.
The straws are considered ‘eco-friendly’ compared to their plastic counterparts, which have been banned in the UK since 2020.
The groundbreaking European study analyzed straws made from a range of materials from shops and fast-food restaurants and found 18 out of 20 brands of paper straws contained PFAS, with a lower frequency of detection in plastic and glass versions.
THINGS TO PONDER:
“It’s good for the environment” isn’t always good for YOU…
You get told time and time again, that “you need to do this…”
“Because we’re along, together…”
“For the greater good…”
“To keep everyone safe…”
And, these things generally end up the same way…
You end up more poor, more sick, and less free.
Now, the straws that will “save the environment” will kill you.
Know Your Foe.
“Wells Fargo customers are reporting issues with using their bank cards and transferring funds.
The bank, which has 70 million customers overall, said it was aware that some issues began on Thursday night, with outages continuing this morning. It is unclear how many of its users are affected.
According to DownDetector, which tracks website outages, hundreds of users said they had experienced issues with using debit cards, viewing their account balance or making transactions and transferring funds.
'We are aware that some customers are experiencing intermittent issues with certain transactions. Our teams are working diligently to resolve. We apologize for any inconvenience,' the bank told DailyMail.com in a statement.
A Wells Fargo spokesperson on X, formerly known as Twitter, acknowledged that some online banking customers were having trouble completing transactions on digital payments network Zelle.
Another social media post said some credit card transactions are being 'incorrectly denied', while another said: 'We are currently experiencing a range of issues that may impact your balance, transfers, and transactions.'
It continued: 'Our support teams are aware and are working diligently to resolve these issues.'
A number of customers have taken to social media to vent their frustrations at the technical glitches, with some even pledging to leave the bank as a result.
'Ok it's time to switch banks. I'm sick of Wells Fargo,' one user wrote.
Another complained that their funds were 'being held hostage' as they could not transfer money into their account, while another complained that they are unable to pay their bills.
THINGS TO PONDER:
Why do major banks keep having issues?
This recurring theme seems to be one part of the larger problem that plagues the entire banking system, and the infrastructure of the United States.
It’s scary to think that systems that so many rely on are so unstable…
Yet, here we are… and the problems just seem to increase day after day.
We often talk about knowing your foe and bracing for impact…
Now, you need to focus and prepare for outages like this one.
Because more of them are coming.
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What does this mean?
Things aren’t going to end well if you don’t take action.
But, here’s what’s different this time… multiple people are saying that same exact thing from a number of different angles, and in different places.
One of the things we often say is to watch what successful people do, & do what they do.
Most of them are already out of the line of fire for social unrest or economic collapse…
How do you think they see things ending up?
Why should I care?
When was the last time you checked on your “go-to’s”:
*Your go-to investment?
*Your go-to emergency plan?
*Your go-to community members?
If it’s been a while, here’s some bad news: They probably need to be updated. Role call for Preppers!!
That means you’re behind in planning for rough times.
You should care.
What should I do?
Take a moment… right now if you can… to take inventory of what you’re seeing in this newsletter each day.
Have you ever seen a time quite like this?
Ok good, you’re paying attention. That’s the point.
If you’re not paying attention and trapped in the hustle and bustle of a busy world (with a ton of useless stuff, by the way), this stuff will come up on you like a thief in the night.
You need to take the time to prepare as best you can for a time when good supplies, strong communities, and strong connections are the difference between surviving and thriving or being in bad shape.
GET MOVING ASAP.
Also, please share what you get from this newsletter.
It’s OK if you don’t understand it all.
Tell them to ask us.
Your future, and theirs, depends on it.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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