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Oct. 20, 2015 - InfoWars Special Reports
04:47
Walmart - Killing The Heart Of America
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Walmart, the made in China fueled small American business killing plague, is finally feeling the the made in China fueled small American business killing plague, is finally feeling the symptoms of its part in
Forbes reported, Walmart recently announced that it was raising its minimum starting wage to $9 an hour, 24% higher than the federal minimum.
Since Walmart is famous for its ruthless cost management, this appeared on its face to be a significant sign of a tightening labor market.
Walmart wasn't offering higher wages because the labor market was streamlining.
The Walton family raised the minimum wage to $9 an hour.
Due to the liberal socialist madness generated by Washington, D.C., now those chickens have come home to roost, and it didn't take long.
Zero Hedge reports Walmart's stocks have nosedived, and it hasn't seen a low like this in 17 years.
The stock had fallen by 22%.
Walmart, as a brand, is comparable to heroin.
It's incredibly bad for our economy, but the addictive supply is on every corner, and the other pusher just can't compete.
The dealers in this market smack down are the richest family in America, valued at $140 billion, equal to the value of 42% of American families combined.
Walmart is the canary in the coal mine.
It's the canary that ate the local businesses, the local industry, that helped shut down our industry.
It was the big Chinese bonanza mart that helped push all of this.
People say, oh, look, Walmart's a snake eating itself, see?
No, it's not.
What is it?
Six different Walmart heirs all worth $45, $46, last time I checked, billion dollars apiece.
And you can say, hey, folks, don't have to shop there.
Books have been written on how Walmart-manipulated markets engage in all sorts of underhanded chicanery.
And now the American people, even though the population's growing because of the third world influx, the profits are going down.
But at a certain point, that's what it's meant to do.
It's a consolidation curve.
It's meant to end the free market as we know it.
And then Walmart moves on to more multinational operations.
They made the deals with China.
They set it up.
They were successful.
While the Waltons take down America from their multi-million dollar yachts, they simultaneously pose as the saviors by setting up fake philanthropic foundations and creating a brand that claims to care for American families.
They actually couldn't care less.
They've donated next to nothing to charity.
Comparatively, Bill Gates and Warren Buffet have given approximately 30% of their wealth to charity, and those guys are evil.
Now, a new report from the globalist machine, the World Bank, projects that 600 million new jobs must be created over the next 10 years, or 5 million a month, just to prevent the situation from getting worse.
The majority of the unemployed will be between the ages of 15 to 29 years old.
Millennials already make up an average of 40% of the unemployed in the United States.
A generation living in poverty during the best years of their lives is a hard way to go.
Meanwhile, the homogenized business model of corporatized chains akin to Walmart are gobbling up what once made America great while blazing a corporacratic trail towards the death of America in their own greedy globalist lifetimes.
John Bowne for Infowars.com.
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