Tuesday, March 25, 2014

The Economy is a House of Cards

For The First Time Walmart Annual Report Cites Changes To Food Stamps ‘And Other Public Assistance Plans’ As A Risk Factor:

"Nestled in the latest annual report from Wal-Mart Stores Inc. (NYSE:WMT) is a line that underscores just how much the world’s largest general merchandise retailer and its shareholders have depended on public assistance programs in recent years.

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HT IBTimes



So, Walmart's profit depends on social assistance programs which is money the government redistributes from the tax payers to the non tax payers and the amount of money we continue to print which just puts us further in debt.  And, if we could actually reduce spending on subsistence programs then Walmart would fail.  Good grief it's going to be ugly.



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