|
|
Post by sometimeman on May 10, 2008 17:14:21 GMT -4
Wal-Mart press releases and media news reports to the public are disingenuous. Over 700,000 Chinese exporters / manufacturers www.ft.com/cms/s/0/95f406ee-fc69-11dc-9229-000077b07658.html are now refusing to accept U.S. dollars as payment for products for retail sales. Wal-Mart's on-shelf stock numbers have been significantly reduced. Merchandise quality is now marginal to bad and in many cases becoming unavailable as prices skyrocket with broad spectrum factors coming together to create an uncomfortable sales environment. Wal-Mart's total overhead is becoming unsustainable we believe. Ol' Sometimeman said, "Hey, it's just paper folks" What do the Chinese want paper for? They can't buy oil with it? Bush-Cheney-Rumsfield, screwed it up so bad, them what's got oil don't want no green back paper!
|
|
|
|
Post by sometimeman on May 10, 2008 17:18:52 GMT -4
The collapse of ANB Financial National Association is significant. Population of Bentonville, Arkansas is 19,500 people .... and Wal-Mart Stores, Inc. Bentonville IS Wal-Mart ! For the past four months, Wal-Mart (Bentonville, Arkansas) has been canceling (Tip of the iceberg: www.huffingtonpost.com/al-norman/wal-mart-cancels-45-super_b_94112.html) almost all of their (major) corporate projects into the future. We know the magnitude of Wal-Mart's financial dilemma directly from its internal (attorney) legal "dropped project memos" and "Real Estate Committee reapproval memos."
|
|
|
|
Post by sometimeman on May 10, 2008 17:30:18 GMT -4
"They are moving to euros, pounds, Australian dollars or even quoting prices in renminbi," David Wei, chief executive, told the Financial Times. Moreover, he added, prices quoted in dollars were now often valid for just seven days compared with the 30-60 days common previously.
just seven days!!------Some of you college educated types might want to tell us about the "velocity of money"
|
|
|
|
Post by sometimeman on May 10, 2008 17:47:02 GMT -4
Kinda reminds me about Bubba and Cecel. They were driving that 'ol log truck down Brass Town Bald.
Cecel were holding the gear lever in low gear with one foot so's it didn't jump out of gear and mashing down on the brake pedal hard with the other foot, trying to keep it from running away.
Bubba hollers above the grinding roar, at Cecel, "What you gone do if this thing jumps outta gear"
Cecel hollars back, "grab your legs with both hands, bend over, put your head between your legs and kiss yourself good by cause, we gone!"
Our economy is about in the same situation!
|
|
|
|
Post by maddy on May 10, 2008 21:08:36 GMT -4
walmart sux & their cheap plasic goods do too!
|
|
texie
Greenhorn
Posts: 58
|
Post by texie on May 12, 2008 22:46:23 GMT -4
|
|
|
|
Post by mac on May 13, 2008 6:46:58 GMT -4
I don't know but I wish they would.
|
|
|
|
Post by queenbee on May 13, 2008 10:29:51 GMT -4
Because we all need minimum wage jobs to so that our kids can purchase high priced land to live her forever and ever.
|
|
AskTheWiseOldMan
Trail Blazer
"Justice denied to one citizen is justice denied to society as whole"
Posts: 566
|
Post by AskTheWiseOldMan on May 16, 2008 13:59:44 GMT -4
The collapse of ANB Financial National Association is significant. Population of Bentonville, Arkansas is 19,500 people .... and Wal-Mart Stores, Inc. Bentonville IS Wal-Mart ! ... Bentonville is also the headquarters of Tyson Foods and JB Hunt Trucking. Tyson Foods- as in Don Tyson who was convicted of cocaine trafficking along with Roger Clinton and pardoned by Roger's brother Bill - and about the same time named Hillary to its board of directors. JB Hunt trucking - the largest transport firm in the USA - involved in cocaine shipping, smuggling and money laundering while Hillary was also affiliated with its board of directors. All three companies were the beneficiaries of ADFA which was a convoluted mechanism for funneling tax money to Clinton contributors. Today, Bentonville controls most of the food and merchandise consumed in the USA ... along with the transportation industry required to deliver these products. And all tied to the Clintons, cocaine and money laundering. Note... Bentonville, Springdale and Lowell are less spread out than Blairsville, YH and Hiawassee. |
|
|
|
Post by queenbee on May 16, 2008 14:04:14 GMT -4
JB Hunt is owned by Sam Walton's daughter also.
|
|
|
|
Post by sometimeman on May 16, 2008 17:12:46 GMT -4
YES!!
|
|
