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Grocery Shops In New York Metropolis Are Contemplating Locking Up Meals As a result of Theft Has Change into So Rampant – Funding Watch

ntakinn by ntakinn
January 12, 2023
in Investments
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Grocery Shops In New York Metropolis Are Contemplating Locking Up Meals As a result of Theft Has Change into So Rampant – Funding Watch
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by Michael

Meals has grow to be a first-rate goal for thieves, and that ought to deeply alarm all of us.  As soon as upon a time, shoplifting was a minor nuisance for many retailers in america.  However at this time the sport has utterly modified.  Extremely organized gangs of thieves are systematically looting shops everywhere in the nation, and that is costing retailers billions upon billions of {dollars}.  Authorities name it “organized retail crime”, however I name it full and utter lawlessness.  When you might have massive teams of individuals storming retail shops everywhere in the nation frequently, that could be a main disaster.

Initially, plenty of these gangs had been primarily focusing on items that might be resold on the Web very simply.  However now plenty of grocery shops are being focused, and meals is being stolen on a scale that we’ve got by no means seen earlier than.

In New York Metropolis, issues have gotten so unhealthy that some shops are pondering of implementing dramatic measures.  The next comes from a Fox Information article entitled “NYC grocery stores consider locking up food due to rampant theft; workers are ‘traumatized’”…

Shampoo, toothpaste, and razor blades are all objects that grocery shops have more and more began locking behind counters. Quickly, that listing may embody meals.

“Folks haven’t any concern of coming to your retailer and stealing,” mentioned Nelson Eusebio of the Nationwide Grocery store Affiliation.

“Our staff are terrified,” Eusebio continued. “We now have younger those that come to work, younger cashiers who work part-time, these youngsters are 16-17 years outdated. They’re traumatized.”

Once I first began warning that we have gotten a “Mad Max society”, lots of people thought that I used to be exaggerating.

Sadly, the breakdown of legislation and order simply continues to speed up in a lot of our largest cities.  In actual fact, it’s being reported that grand larcenies “were up 80% in New York City last year”…

New York Metropolis Mayor Eric Adams has made a degree of combating the repeat offenses. “Criminals imagine our felony justice system is a joke,” Adams mentioned in feedback referring to a serial intruder who was arrested and launched 26 instances. “These arrested for grand larceny go to court docket, get launched and on their method dwelling from court docket, they’re doing one other grand larceny.”

In line with the New York Police Division, grand larcenies, thefts of over $1,000, had been up 80% in New York Metropolis final 12 months.

Solely an 80 p.c enhance?

Sure, that sounds completely “regular” to me.

In different areas of the nation, shortages are the large information proper now.

I by no means imagined that Costco would completely run out of eggs in early 2023, however this has actually happened at a lot of their shops.

This Costco is now utterly bought out of eggs.🚨

2020 was rest room paper.
2023 goes to be a run on eggs. Get yours now.

A part of that is avian flu and diminished numbers manufacturing.

🔊sound …🔥🔥🔥 pic.twitter.com/GfyyEu2dpz

— Wall Road Silver (@WallStreetSilv) January 10, 2023

As I mentioned yesterday, fowl flu is without doubt one of the elements that’s inflicting provides of eggs to get tighter.

However because the farmer in this video explains, it’s definitely not the one issue.

The actual motive for the egg scarcity is NOT avian flu.

In line with this farmer … the producers can’t cowl their prices, so there are actually tens of millions of fewer hens, and plenty of tens of millions of fewer eggs produced PER DAY. 🧐

🔈 sound …🚨 🚨 🚨

pic.twitter.com/GcYd1pHPZ0

— Wall Road Silver (@WallStreetSilv) January 10, 2023

Regardless of how excessive rates of interest go, folks nonetheless have to eat.

So the Federal Reserve can hike charges to the moon, however meals costs are nonetheless going to stay ridiculously excessive.

Nonetheless, larger charges will crush many different areas of the economic system, and a few of the largest names within the company world are now conducting mass layoffs…

Goldman Sachs is simply the most recent agency to scale back its dimension in current months. Morgan Stanley introduced that it might reduce two p.c of its workers in December, Amazon plans to chop over 18,000 jobs, and Salesforce introduced it might reduce ten p.c of its workforce and shut some workplaces final week.

Whereas white collar staff had been much less affected by the COVID-19 pandemic lock-downs than their blue collar counterparts, many roles had been merely completed distant as an alternative of being reduce, professionals are actually bearing the brunt of the financial headwinds America faces.

When are folks going to lastly perceive that we’ve got a significant league disaster on our arms?

When Goldman Sachs lays off massive numbers of staff, that could be a pink flag.

When Morgan Stanley lays off massive numbers of staff, that could be a pink flag.

When Amazon lays off massive numbers of staff, that could be a pink flag.

Fb, Twitter, McDonald’s and Walmart are additionally shedding staff.

As they used to say within the Nineteen Eighties, it’s time to get up and odor the espresso.

At this level issues are so grim that the World Financial institution is warning that the complete world economic system might plunge right into a recession this 12 months…

The worldwide economic system is only one extra knock away from a second recession in the identical decade, one thing that hasn’t occurred in additional than 80 years.

That’s the most recent warning from the World Financial institution, which on Tuesday sharply lowered its forecast for world financial development.

As financial circumstances deteriorate, persons are going to grow to be more and more determined.

And determined folks do determined issues.

So if you happen to suppose that organized retail theft is unhealthy now, simply wait till you see what’s forward.

The social deterioration that we’ve got been witnessing over the previous a number of years will soon accelerate significantly, and that’s actually unhealthy information for all of us.

Many retail shops on each coasts have already closed as a result of epidemic of theft that we’re experiencing, and an entire lot extra will quickly be completely shut down.

We actually are within the means of turning into a “Mad Max society”, and we solely have ourselves responsible.





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