US Imports Drop Off A Cliff, Retails Stores Blowing Out Excess Inventory

I read this story the other day on Zerohedge and it basically says that demand from the US for imported goods since last fall. Of course, the lockdowns in China have prevented good from coming, but this was underway prior and will continue.

What this means to me is consumer demand is down as inflation is up and up and up. What’s causing this? I’m leaning towards an inflationary depression. That means as inflation ramps up, people are forced to spend less and only on certain things, IE food and fuel, which causes a stagnant or declining economy.

Retailers are feeling this in a big way and will continue as people curtain spending as the recession and then depression slowly (or quickly) descends upon us. My advice to is spend money on things that matter, things that have and will hold value; food, well-made goods made in the USA, self-sufficiency and self-protection items, land, tools, equipment, etc.

Go to pawn shops, garage sales, and club stores and spend on things that matter, the things mentioned above.

. Some things that don’t matter:

• blacked out rims for your lifted truck

• big screen tv’s

• Netflix

• latest iPhone (unless free)

• trips to Bora Bora

• recreation stuff like boats, motorcycles, jet skis

• tattoos-please why throw money away?

This should help you realize what’s happening in the country you live in, these are not good developments when retailers can’t sell inventory and demand for cheap imported goods is imploding all while prices for food and fuel are skyrocketing.

Be smart, save money, invest in real stuff, and be educated!