The U.S. Retail Sector Begins Its Massive Collapse

sentinelblog

Source: Bullion Bulls Canada, by Jeff Nielson

The quick-and-easy way to categorize the retail sector of the U.S. economy would be to use the metaphor of “falling off a cliff”. However, such a characterization would be overly simplistic. A more accurate analogy would be to consider someone sliding halfway down the side of a mountain – and then falling off a cliff. This represents the retail sector of the largest “consumer economy” the world has ever seen.

As explained previously; a “consumer economy” is (by definition) a dying economy. Consumption is not an activity which contributes to the productivity of any nation. Rather, “consumption” is our means of harvesting the fruits of previous labours. As a matter of elementary logic; such “harvesting” cannot continue over any extended period, or one will simply run out of anything to harvest.

At that point; the consumer economy becomes a debtor economy…

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