Debt Rattle September 19 2022
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Pablo Picasso Horses and person 1939 • Germans Could Be ‘Left Without A Country’ Soon – Trump (RT) • Sympathy For Germany (Varoufakis) • Rand C
[See the full post at: Debt Rattle September 19 2022]My wife floored me last night by pointing out that, due to recent world events, James Bond no longer works for her majesty's secret service.
— Paul Tobin (@PaulTobin) September 18, 2022
Tesla: “….and the instruments through which we will shall be able to do all of this, will fit in our vest pockets”.
My vest pocket you say? But…that’s where I keep the brush for shining my top hat.
The NZ farmer thing is serious. So their lack of product to market means shortages, means prices rise = capitalism. Yeah, except that the people don’t have the money, because it’s not capitalism, but central bank inflation to golfing buddies. I’m sure to some extent, some produce can rise in price and be bought, but not a nation’s worth at double the price. They can probably localize and harvest with less fuel, but that takes on about a decade to fully implement, and a lot of legal arrangements like farm workers. Welcome to hell, this is what farmers were telling you for years, and in Holland and Italy right now.
Although this is about the money, it’s also not about the money. It’s about getting the fuel to the fields on a specific day at a window of price. And that happens only to get the food at the market on a specific time at a specific parameter of price. But if the people have no money, or haven’t adjusted yet to the gravity of their situation, there is no money from the people to be applied. And adding more to your best friend’s corporate bank doesn’t buy a lorry worth of lettuce. He only needs one head.
Like German energy, do you bail out the farmers? (Hahahaha! Of course not!) So we give them money to remain solvent but – don’t – harvest and deliver from the field? Wow, that would be #Winning. 100% costs, zero products! Or variations of the theme.
Also someone noted, in Holland and other places, the Farmers don’t “Own” the land. We never think of it, because all the feudal titles are dead, but they have only inherited rights. Now: one of the rights may stipulate they keep ownership only so long as they farm. Which they have for 1,000 years, long forgot. But if farmers are interrupted for a year, their titles may revert if you can find an evil enough magistrate…and they can.
“German Bakery Slapped with €330,000 Gas Bill after Contract Canceled”
Don’t worry: they’ll bail them out! They’re employers of humans. So…NOT! But they don’t need bakeries, we’ll give them digital bread in the metaverse! Mmmmm. So nourishing.
“The European Commission on Sunday proposed withholding $7.5 billion of funds allocated to Hungary, due to corruption concerns.“
Taking a page from Joe Biden’s playbook: illegally withholding funds other people (Congress) already allocated unless someone gets on the phone and says “What’s all this I hear about corruption over there?” …Oh wait, asking that was impeachable. Because it * might * affect the career of someone who wasn’t a candidate, and wasn’t likely to be, as far, far too old.
As they say, the only other corruption in the Whooooooooole EU, is an independent Polish Judiciary. No corruption in Italy, heavens no! When was Italy ever corrupt? No corruption when Germany force-installed the Italian leader with no precedent, process, or legal right at all. No corruption in Cyprus banks. No! Only Poles who support families.
Anyway, hilarious since Hungary is going to make 3x that penalty in lowered energy costs. No. Please. Stop. Don’t throw me in that briar patch with reduced energy costs and higher birth and marriage rates. Inconceivable.
“EU Launch Propaganda Board Game About Commission Tsar Ursula von der Leyen (BB)”
It’s a game where you start with a fully-functioning nuclear-age modern economy, and the goal is to end up in the dark, with everyone dead and living in caves. It’s going rather well, she’s a master player. (Technically Tsarina)
“the rulebook for this basic game runs to over 100 pages in its English edition.”
It’s Europe and the EU, we expect no less. Also the game must be played in a $10,000 conference room, must take at least 6 months, and must keep everyone’s private jets idling on the tarmac.
“Updated List of US-Based Food Manufacturing Plants Destroyed under Biden (GP)”
It’s certainly true that some of them must be accidents, and it’s very difficult to establish a baseline for the average number harmed per last 20 years. However, I think we all have the same impression as the author: it’s much higher, and some of the accidents – like a small plane crashing into it – are very, very weird.
“President Joe Biden said he believes the Covid-19 pandemic is “over”
Hmmm. And I thought it would have to reappear a week before the election. Maybe that’s moneypox. But that wasn’t going so well, having been mocked ruthlessly from the redwood forest to the Gulf Stream waters, from California to the New York island.
“US Marine Corps Quietly Changes COVID-19 Vaccine Policy (ET)
They can’t find any recruits.”Thank God. Why could they find any before? They’ve killed Vets on purpose and put them on food stamps for 200 years. Did potential soldiers never read military history? Stay home like Cincinnatus and arm up for the American people, not for the Army of a corrupt Congress.
“Secret Documents Have Exposed the CIA’s Julian Assange Obsession (Jacobin)”
Go Jacobin! Props.
Apparently WWII was as safe as Covid. No wonder we freaked out about it.
Until their Ponzi scheme collapses, western governments will keep do what they have always done:
1. Promote the short-term interests of banks, corporations and opportunists.
2. Make everything that matters worse at an accelerating rate.
3. Lie about everything.
4. Steal as much as they can get away with and distribute the booty amongst themselves and their associates..
5. Accept no responsibility.
6. Look for someone else to blame when things go badly.
If they seem to behave like gangs of criminals, that is because they are.
“Hungary Can No Longer Be Considered A Full Democracy – EU Lawmakers (RMX)”
I guess this makes it a semi-democracy. Not to worry, half the US is semi-fascist. You get used to it.
So Youtube will let Vlad discuss the merits of special operations in Ukronaziville but Chris Martenson has to use the imaginary word divizibits to imply Ivermectin. And Bill Gates never had anything to do with computers and IT and medicine. OK got it. What you can and can’t say in polite society these days it sure is hard t keep up. Swiss finishing school moved to Seattle or Silicon Valley I reckon.
Also the city of London, The Vatican and Washington DC are all corporations.
Three Corporations run the world: City of London, Washington DC and Vatican City
The City of London houses
Rothschild controlled ‘Bank of England’
Lloyds of London
The London Stock Exchange
All British Banks
The Branch offices of 384 Foreign Banks
70 USA Banks
Fleet Streets Newspaper and Publishing Monopolies
Headquarters for Worldwide Freemasonry
Headquarters for the worldwide money cartel known as ‘THE CROWN’Just realised the crown worn by King Chucky of ye olde England has a gold/jewel value of around $4 million. Price of a house in Melbourne or Sydney. Someone should make an offer. It would be awesome to rock to a fancy dress. Like the actual crown.
Such a silly looking thing are not these people just a little embarrassed at the childish play acting of it all or like all public life a little cosplay go along way – masks spring to mind.People are insane and I think I will take some magic mushrooms soon just to have a laugh at the absurdity of it all.
Biden: People disapprove of me because they are psychologically unable to be happy pic.twitter.com/syg1nNPtJw
— RNC Research (@RNCResearch) September 19, 2022
Who can the EU DEPEND on for supplies of gas? By its nature it can only be supplied in enough quantity by pipelines. Who can supply this gas reliably for decades. Any new pipelines would take years to build.
Russia has been an extremely reliable supplier of energy. There were no interruptions throughout the Cold War. The only interruption was gas when the Ukrainians started stealing it.
Even now, despite the freezing of hundreds of billions of Russian financial assets, infinite sanctions, plus supplying weapons to kill Russians, Russia is still prepared to continue energy supplies. However Europe is furious that Russia actually wants payment for it in a currency that is usable!
All the current attention is on NS1 – the West shut down 80% and Russia shut down 20%, so it is all Russia’s fault!!! I feel sure that Russia would supply gas via NS2, but the US will not allow that.
Russia is building a pipeline to send this gas to China so the supply of gas to the EU may become unavailable.
It will be interesting to see how many people die this winter, and what effect it will have on future elections.
“So it begins…sowing the seeds for throwing folks under the bus. ”
Ed Dowd“Foreboding” , with a picture of oak-flooring progress https://drjohnsblog.substack.com/p/foreboding
This reminds me of “President Biden” saying Russia would invade Ukraine for sure, after setting up 150,000 Ukrainian troops to invade Donbass (maybe Russia, too) and increasing shelling of civilians from 80/day to 1200/day ahead of the assault.
In a Sunday “60 Minutes” interview to air in full Sunday night, President Joe Biden issued a warning for Russian President Vladimir Putin to not “change the face of war” by employing either tactical nuclear or chemical weapons against Ukraine.
“Don’t. Don’t. Don’t. You will change the face of war unlike anything since World War II,” Biden said while speaking to CBS interviewer Scott Pelley...
..”They’ll become more of a pariah in the world than they ever have been.” …
Beginning in April, foreign minister Sergei Lavrov vowed that Russia would avoid using nuclear weapons at all costs – in response to headlines alleging Russian nuclear preparedness related to the Ukraine crisis.
https://www.zerohedge.com/geopolitical/biden-warns-putin-dont-change-face-war-nuclear-or-chemical-weapons-ukraineCharles Hugh Smith: Fourth Turn, Turn, Turn
The cycles of The Fourth Turning, Fischer and Turchin are all in alignment at this point in history.
The 1997 book The Fourth Turning: An American Prophecy proposed a cyclical pattern of four 20-year generations which culminate in a national crisis every 80 years. The book identifies these dates as Fourth Turnings: 1781 (Revolutionary War), 1861 (Civil War) and 1941 (global war). add 80 years and voila, 2021. …
..David Hackett Fischer’s book The Great Wave: Price Revolutions and the Rhythm of History proposes another cycle: humans expand their numbers and consumption until they’ve exploited and depleted all available resources.
As resources become scarce, societies and economies unravel as humans do not respond well to rising prices generated by scarcities.
The unraveling continues until consumption is realigned with the resources available. In the past this meant either a mass die-off that drastically reduced human numbers and consumption (for example, The Black Plague), a decline in fertility that slowly reduced population to fit resources, mass migration to locales with more resources or the discovery and exploitation of a new scalable energy source that enabled a new cycle of rising consumption...
..Peter Turchin proposed another socio-economic cycle of 50 years in his book Ages of Discord: in the integrative stage, people find reasons to cooperate. In the disintegrative stage at the end of the cycle, people no longer find much common ground or reasons to cooperate. Political, social and financial extremes proliferate, culminating in a rolling crisis.
In Turchin’s analysis, the previous 50-year age of discord began around 1970, and the current era of discord began in 2020. Those who lived through the domestic terrorism, urban decay, stagflation and political/social/legal crises of the 1970s recall how inter-related crises dominated the decade.
In my analysis, the last period of discord in the 1970s was “saved” by the supergiant oil fields discovered in the 60s coming online in the late 1970s and early 1980s. That oil enabled a 40-year boom which is now ending, with no new scalable source of energy available to replace oil...
..Today’s extremes of wealth and income inequality are optimized to spark political discord and revolts. The wealthiest 20% will be able to pay higher prices, but the bottom 40% will not. The middle 40% will find their disposable income, i.e. their income left over after paying for essentials, will drop to near-zero.
When 80% of the populace are crunched financially, revolutions and the overthrow of governments follow.
http://charleshughsmith.blogspot.com/2022/09/the-fourth-turn-turn-turn.html Russia is prepared to provide 300,000 tons of fertilizers currently amassed at EU ports due to Western sanctions to developing nations free of charge, President Vladimir Putin announced on Friday.
Speaking at a summit meeting of the Shanghai Cooperation Organization (SCO) in Uzbekistan, the Russian leader said he had discussed agricultural export issues with UN Secretary-General Antonio Guterres.
“The day before yesterday I informed Mr. Guterres that 300,000 tons of Russian fertilizers had piled up in the European Union’s seaports,” Putin said, adding that Moscow is “ready to give them to developing countries for free,” and that such deliveries would be instrumental in alleviating the global food crisis.
https://www.rt.com/news/562944-putin-fertilizers-free-sanctions/Charles Hugh Smith again, The End of Cheap Food
Of all the modern-day miracles, the least appreciated is the incredible abundance of low cost food in the U.S. and other developed countries. The era of cheap food is ending, for a variety of mutually reinforcing reasons.
We’ve become so dependent on industrial-scale agriculture fueled by diesel that we’ve forgotten that when it comes to producing food, “every little bit helps”–even small backyards / greenhouses can provide meaningful quantities of food and satisfaction…
..Highly educated people cannot recognize a green bean plant because they’ve never seen one. They know nothing about soil or industrial farming. They’ve never seen the animals they eat up close or cared for any of the animals humans have tended for their milk, eggs and flesh for millennia.
Most of us take the industrial scale of agriculture and the resulting abundance and low cost for granted, as if it was a kind of birthright rather than a brief period of reckless consumption of resources that cannot be replaced.
Small-scale agriculture is financially difficult because it is competing with global industrial agriculture powered by hydrocarbons and low-cost overseas labor.
http://charleshughsmith.blogspot.com/2022/09/the-end-of-cheap-food.htmlPutin’s speech to the heads of state at Samarkand:
Speech by the President of Russia at an expanded meeting of the SCO Heads of State CouncilSpeech by the President of Russia at an expanded meeting of the SCO Heads of State Council
US/NATO provide the artillery and must approve the targets:
Ukraine has again shelled the area around the Zaporozhye Nuclear Power Plant in an effort to undermine the facility’s safety, Russia’s Defense Ministry claimed on Saturday.
The ministry said that “the Kiev regime has resumed provocations to create the threat of a man-made disaster” at the plant. Within the last 24 hours, the Russian military registered two Ukrainian artillery strikes, one on a suburban settlement and the other on a thermal substation in the vicinity of the facility, which has been under Russian control since March.
“In total, 15 artillery shells were fired from the Nikopol area of the Dnepropetrovsk region. The artillery units of the Ukrainian Armed Forces were suppressed by retaliatory fire,” the statement read. According to the Defense Ministry, the radiation situation at the plant remains normal.
https://www.rt.com/russia/563001-ukraine-shelling-zaporozhye-nuclear/Eleni sent this: Russia Won’t Congratulate CIA on it’s Diamond Jubilee, M.K. Bhadrakumar (He misses CIA instrumentality in assassinating JFK and RFK.)
..A US Senate commission in 1975 uncovered and confirmed CIA involvement in contract killings and coup d’état. It counted 8 cases of assassination attempts by CIA agents and mercenaries on Fidel Castro during 1960-1965 alone. Havana later revealed the full tally — from 1959 through 1990, CIA planned 634 assassination attempts on Fidel.US Announces Fund to Benefit Afghan Economy—Using Stolen Afghan Bank Reserves
“The Afghan Fund is funded by Afghanistan, and the U.S. is only delivering unprecedented suffering,” said one economic policy group..
..The fund will include “$3.5 billion of ($7 billion “confiscated”) Afghan central bank reserves to be used for the benefit of the people of Afghanistan while keeping them out of the hands of the Taliban and other malign actors,” the Treasury Department said, and will make “targeted disbursements of that $3.5 billion to help provide greater stability to the Afghan economy.”
https://www.commondreams.org/news/2022/09/15/us-announces-fund-benefit-afghan-economy-using-stolen-afghan-bank-reservesNearly 50 Members Of Congress Call On Pentagon To End Military Vaccine Mandate
https://www.zerohedge.com/political/nearly-50-members-congress-call-pentagon-end-military-vaccine-mandateAn Indian court ordered Bill Gates, the Indian government and the Serum Institute of India — the world’s largest vaccine manufacturer — to provide formal responses relating to a case filed by the father of a 33-year-old doctor who died after receiving AstraZeneca’s Covishield COVID-19 vaccine.
..Snehal Lunawat was a 33-year-old doctor and senior lecturer at the SMBT Dental College & Hospital in Maharashtra State. According to her father, she was compelled, as a health worker, to get the Covishield vaccine.
On Jan. 28, 2021, Snehal received the Covishield vaccine, which is produced by the Serum Institute. Her father claims his daughter had received assurances the vaccines were entirely safe and posed no risk to her health.
However, her father stated, Snehal developed severe headaches and vomiting while attending a workshop just days after receiving the vaccine, resulting in her hospitalization. There, doctors said that she was suffering from bleeding in the brain, low platelet count and blood clot formation.
After 14 days elapsed without her condition improving, Snehal’s family transferred her to another hospital, where she died eight days later...
Lunawat said his daughter was convinced to receive the vaccine as a result of an “alleged false narrative.”
The lawsuit characterized interviews given by Indian public health officials in the nation’s media as contributing to this “false narrative,” naming several of these interviews, including one by Dr. VG Somani, drug controller general of India, that was broadcast on Jan. 4, 2021, and during which Somani claimed, “the vaccines are 110 percent safe.”After Florida Gov. Ron DeSantis sent two planes of mostly Venezuelan asylum-seekers to Martha’s Vineyard in Massachusetts, advertising executive Max Lefeld slammed the move.
He tweeted
“It’s like me taking my trash out and just driving to different areas where I live and just throwing my trash there,”
The Demoncrats are gaslighting i.e. PROJECTING there own Freudian slip of disgust towards ‘those people’ in their back yards.
Rip the masks off bitchz.
The wealthy DNC scum think illegal immigrants in THEIR neighborhoods are TRASH
Glad you’ve cleared that up.
But guys! guys! I am told by pollsters appearing on CSPAN that the democrats are now favored to win in November! /s (well, not actually sarcasm, but it’s true that that is what they are saying.) But it’s a fine line between claiming victory early (ala Ha-ha-hillary) and encouraging republicans to go to the polls (and letting your own lazy voters not even bother to mail in their specious ballots).
Those pollsters are lying to set up the results of the cheating the DNC plans to do.“Deep fakes” are really going to mess with things. The problem with being a gaslighter is that you better have your own head screwed on tightly to reality, or you lose it, too.
I am convinced that spellchecker was invented to mess with a writer’s flow of thoughts and even undermine what was written. Never has it been so important to go back and check one’s work!
Both the BBC and CNN are apparently proudly featuring Pavlos, the crown prince of Greece, in their TV coverage of the funeral. But Greece has no crown prince. Indeed, it has no royalty.
Who is this person @cathynewman? #Greece is a parliamentary republic. pic.twitter.com/WTIE6MVMq5
— Tassos Morfis (@TassosMorfis) September 18, 2022
The carpetbaggers are coming
• Hungary PM Orban Warns Ukraine Could Lose Up To Half Of Its Territory (RT)————
• The Power Of Collective Grief, From the Queen to George Floyd to Covid (G.)————
Back to normal dying/counting
• Biden: ‘The Pandemic Is Over’ (CNN)For people hospitalized for Covid-19, the risk of dying fell to the lowest it’s ever been during the Omicron wave, according to a study published last week by the CDC.
….. instead focus on reducing severe disease from Covid-19. But the agency says some people, including those who are older, immunocompromised, have certain disabilities or underlying health conditions, are at higher risk for serious illness, and may need to take more precautions.———–
Don’t know why but – Extreme events are happening
• Study Takes Wrecking Ball to Myths About Apocalyptic ‘Climate Change’ (BN)“Scientists have been able to draw links between a warming planet and hurricanes, heat waves and droughts, but the same can’t be said for tornadoes yet.” But such presumptions are utterly demolished with data and fact-based analysis in the 2022 study, “A critical assessment of extreme events trends in times of global warming.” It disabuses readers of the fallacious argument that climate change poses an existential threat to human life and to the planet.
————Let’s start a betting pool, friendly wagers, on the collapse of the different dunces that make up Urotardistan®.
German is the Head Domino
“Crown prince of Greece”
Pretending to [still] be royalty was a popular scam in the 1920s if 1930s comedies are any guide.
Poor Pavlos- he saw an opportunity and grabbed it. I’ll bet his hedge fund got a boost.
According to the treaty of Vienna (1815), titles are maintained even after deposition. Thus you may all refer to me by the title bestowed upon me by my Grampa when I was a toddler: Duchess.
Thank-you.Germ asked yesterday, about the September 23-24 event rumored last week to be “unforgettable”, and with Denver giving out little bug-out-bags.
I don’t know, but I “feel” it approaching. We are having a fall garden-party, just after equinox, and it is also my Mom’s birthday, but those things don’t explain my “feeling”, which is dark-foreboding.
Pandemic …. Covid Guide lines
6 ft distances
wear a mask
Keep away from crowdsFuneral of queen is proof that societies can act normally
Met a couple yesterday where both had to submit religious exemptions to avoid vaccine mandates at work. She worked in HR at ASU, and basically just had to write a simple paragraph stating religious grounds of her request. He works for a government contractor and had to fill out a 12-page document that included essay questions. A coworker said something about “fetal cells” on his exemption request and then had to fill out a 3 page follow up document that challenged his convictions on fetal cells (did you know this list of drugs *also* uses fetal cells?). The government contractor company management is very “woke.” The employees are not “woke.” Both were successful in obtaining their exemptions.
My spouse returned to his former job this weekend and says that fellow employees openly talked about their vax status, and all who talked about it were vaxxed. One guy, gay, also showed off monkey pox scarring on his arm.
It’s a mad, mad world.
mpsk: “Thus you may all refer to me by the title bestowed upon me by my Grampa when I was a toddler: Duchess.”
I’m in trouble here at my house. Bestowed the title on my dog, when a puppy, of “her royal majesty the princess Sage.” Didn’t realize it lasts until she departs this earth. Forehead slap.
Let’s beat our breasts and shave our locks
While pompous ones all gather ‘round
A rather large, imposing box
Which soon they’ll bury under ground.It’s just their way of saying goodbye
To someone who had so much stuff
The unaffected had to cry:
Just when is so much stuff enough?Private planes …. Trudeau and companies when returning from the funeral ….. don’t forget
You must fill in your ArriveCanThe Future will become sustainable. It is as inevitable as night follows day. If you really understand what this means your mouth will go dry.
Re. Trump and Germany energy dependence.
In Sept. 2018 at the UN General Assembly Trump warns Germany of its energy dependence on Russia and the cam. moves to German officials laughing and mocking. Brief vid. clip. WaPo.
Ugo Bardi post (Sept. 2022) about corruption of ‘Science.’
The Rise of the Key Opinion Leaders: the End of Politics as we Know it?
first parag, quote:
I met a top-level KOL (key opinion leader) for the first time in 2005 when I was organizing a conference on energy. The Tuscan Regional Government was sponsoring the conference, and they wanted a high-profile speaker. So, they insisted on inviting Jeremy Rifkin, the author of “The Hydrogen Based Economy” (2001). I disagreed, but they were those who paid for the conference, so we had to invite him. Rifkin wanted $10,000 as a fee, a first-class plane ticket, and VIP treatment. He got all that in exchange for a talk of about 45 minutes, in which he said nothing new or especially interesting. He took no more than a few questions, giving vague answers, then he disappeared, leaving for another conference. He didn’t even stay for the speakers’ dinner.
https://www.senecaeffect.com/2022/09/the-rise-of-key-opinion-leaders-end-of.html
Rifkin is best known imho for his book “The end of work..”
Many ‘scientists’ don’t do Science any longer, they do: become famous – get paid – talk BS or whatever is required – make dodgy deals – etc. I have know several ppl who worked hard, and competed, not only to become rich (that is actually a side issue), but to be in the spotlight, adulated, listened to, clapped after talks, admired, filmed, be praised in the magazine lievel MSM; and to be a ‘mentor’ to young ppl who then become totally dependent on the ‘top figure’…Very creepy…
Might as well start learning some work chanteys. Lift that barge, tote that bale…
ShenandoahNo stats for oil refineries but I can tell you that NZ’s only refinery was recently shut down. The small quantity of crude oil extracted that is from NZ reserves is sent overseas for refining, and refined products are imported.
It makes perfect sense if you own shares in shipping companies and it you want to increase overall emissions.
For people living in regions distant from the equator or on land masses distant from the ameliorating effect of oceans.
Eyes open folks.
Walmart, Target, Macy’s and Kohl’s are among retailers that have recently said they are canceling some orders to better balance inventory levels, a replay of a strategy used at the start of the pandemic.
Other steps retailers are using to clear inventories as spending has slowed on some non-discretionary categories are employing markdowns and packing away products for the following year. The elevated inventory levels also reflect intentional over-buying to mitigate shortages and the easing of supply chain constraints.
One risk of canceling orders is straining or damaging relationships with trading partners. After the pandemic arrived, many retailers were called out for not honoring their contracts to pay in full for goods that were in production as well as for requests for postponements, discounts or delays in payment. Several issued statements assuring their commitments, with Levi’s and Gap offering low-cost financing to factories to weather payment delays.
The other risk is not having enough inventory to meet demand. Many retailers and brands indicated they missed sales opportunities during the 2020 holiday season due to overly-lean inventories as demand recovered more quickly than expected.
Second-quarter analyst calls found retailers aware of potential inventory shortfall risks from overly aggressive actions.
Christina Hennington, Target’s EVP and chief growth officer, said steps being taken by the discounter’s buying team include “rigorously reforecasting expectations for the balance of the year and beyond and determining where to reduce future receipts and orders. In some cases, it meant working with vendor partners to reduce our fall receipts in light of our updated expectations. It also meant quickly building compelling promotional plans to drive unit velocity for product we already owned, all with a focus on providing great value and generating excitement for our guests.”
John David Rainey, Walmart’s EVP and CFO, said it had cleared most summer inventory, was reducing exposure in electronics, home and sporting goods, and canceled “billions of dollars in orders” to realign inventories. He said, “Our actions in Q3 will allow us to make significant progress toward rationalizing absolute levels and mix, which will enable our stores to be well positioned ahead of the holiday season.”
Walmart and other retailers are canceling billions of dollars in orders
Noirette
I first encountered Ugo Bardi (Italian chemistry professor) about 15 years ago, when he wrote an article about the collapse of the Roman Empire, and the impossibility [if one had a time machine] of convincing a Roman leader that the best way forward was to disband the army and get everyone to downsize.
He wrote a commentary about the coming famine just under a year ago.
https://www.senecaeffect.com/2021/10/the-age-of-exterminations-vi-great.html
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