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One sign of the the panic arriving in full rigor is that Main Street is full with parking lots in malls half–empty. CNN suggests that "the hole in the dyke is getting bigger." The malls are shedding stores faster than a virus sheds
particles. Strip malls are hemorrhaging 'patients' too.
What does this all mean? Consumers are cutting back!
Banks are still in trouble. What does this mean? Real estate is funded by banks. If real estate is in trouble, banks are going to experience years of defaults. But what of all the money flowing into the banks? Money is being inflated and this will extrapolate to hyper–inflation. We should see this by 2010 to 2011 plus.
You can read about the banker's problems they are facing at PropertyWire.
Automobiles manufacturers are in serious trouble, excepting Ford...it appears for now. GM may file bankruptcy in a few months. And they may be no more by 2011 to 2012.
Folks! There is no good news out there. Have you started your 'Victory Garden?'
Be warned: When there is no food out there you can afford, chaos and revolution results, history teaches. Violence will be rampant. Unprepared women suffer the most during these times!
Have you received training for Cover, Movement, Concealment, and Distancing with rifle, shotgun, and pistol? Are you familiar with being "behind the reaction curve?" Do you know how to clear a dwelling?
Do you know how to protect against a 'gun–grab?' Do not...Do not surrunder your gun...weapon to anyone When The Hell Breaks in its full rigor! You will have to police self, dwelling....neighborhood. Remember this well.
It's gonna be very nasty before long. Be Prepared...Be Ready...Be Proactive....
Looks Like We're In For 'Nasty' Weather!All Through 2010 Through 2016...Maybe Longer...
Reports The Following:
Malls Shedding Stores At Record Pace
Vacancy rates at strip malls, neighborhood markets and community centers accelerate as retailers confront spending slump, industry report says.
by Parija B. Kavilanz, CNNMoney.com Senior Writer
Last Updated: April 14, 2009: 11:43 AM ET.
NEW YORK (CNNMoney.com) -- Strip malls, neighborhood centers and regional malls are losing stores at the fastest pace in at least a decade, as a spending slump forces retailers to trim down to stay afloat, according to a real estate industry report.
The consequence for consumers: Fewer stores to shop and less product choice.
In just the first quarter of 2009, retail tenants at these centers have vacated 8.7 million square feet of commercial space, according to the latest report from New York-based real estate research firm Reis.
That number exceeds the 8.6 million square feet of retail space that was vacated in all of 2008.
Reis' report shows that store vacancy rates at malls rose 9.5% in the first quarter, outpacing the 8.9% vacancy rate registered in all of 2008, and marking the largest single-quarter jump in vacancies since Reis began publishing quarterly figures in 1999.
"These record numbers are symptomatic of the pervasive weakness that we're seeing across economic sectors," said Victor Calanog, director of research with Reis.
"Consumers are worried about their asset bases and they aren't buying things," he said. "Their home values and retirement accounts are still reeling, and consumers remain concerned about future income as job losses accelerate."
Even though mall operators and landlords have responded by reducing rents by about 1.8% on average in the first quarter - the biggest quarterly drop in rents since 1999 - it's not enticing businesses to stay put, Calanog said.
"If you're going out of business because people aren't shopping, then lower rents won't make a difference," he said.
Unfortunately for retailers, it's only going to get worse, according to Reis' forecasts.
Calanog said he expects mall vacancies to exceed historical levels through 2011 before they stabilize sometime in the middle of 2012.
"Commercial real estate usually shows a lag based on jobs growth," he said. "In the last down cycle, commercial rents didn't turn positive until 18 months after jobs started to grow."
Any turnaround for retail centers, he said, is also "incredibly contingent on the unfreezing of credit market and a broader economic recovery."
First Published: April 10, 2009: 12:07 PM ET
"Folks...A Bad Moon Rising...Is Clear Evidence Times is Gonna Be Rough"
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In The MeantimeRun For Your Life
From now on, Folks, it's gonna get pretty rough! In fact, downright cussed.
Mr. Ugly Will Show Before Long.
But For Now...Keep RunningKeep Your Purse and Scrip With You—Luke 22:36And NowGet Two Guns—Luke 22:36–38Before The New Dude Won't Let You Have Them
Times in America will change rather abruptly.
Your WebMasters suggest you check your
Medicine Supply/List.We Feel This Is Going To Be A Long, Hard Siege
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Other WebPages of Interest: Purifying Water ¦ When The Hell Breaks ¦ Gun PageGalactic Plane
The Impact and Its Consequences
The Rocks Are Coming
A City Being Stoned
It is Now time to start downsizing....do you really need three or four vehicles...Cable or Direct TV... etc.?
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