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Grocery Stores In New York City Are Considering Locking Up Food Because Theft Has Become So Rampant – Investment Watch

by Real Investing Skills
January 12, 2023
in Investment
Reading Time: 5 mins read
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by Michael

Meals has change into a chief 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 the USA.  However at the moment the sport has utterly modified.  Extremely organized gangs of thieves are systematically looting shops all around 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 all around the nation regularly, that could be a main disaster.

Initially, numerous these gangs have been primarily concentrating on items that may very well be resold on the Web very simply.  However now numerous grocery shops are being focused, and meals is being stolen on a scale that we now have by no means seen earlier than.

In New York Metropolis, issues have gotten so dangerous that some shops are considering of implementing dramatic measures.  The next comes from a Fox Information article entitled “NYC grocery shops think about locking up meals resulting from rampant theft; employees are ‘traumatized’”…

Shampoo, toothpaste, and razor blades are all objects that grocery shops have more and more began locking behind counters. Quickly, that record would possibly 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’ve got younger people who come to work, younger cashiers who work part-time, these children are 16-17 years previous. 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 regulation and order simply continues to speed up in a lot of our largest cities.  In truth, it’s being reported that grand larcenies “have been up 80% in New York Metropolis final yr”…

New York Metropolis Mayor Eric Adams has made some extent of combating the repeat offenses. “Criminals imagine our legal 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 means dwelling from court docket, they’re doing one other grand larceny.”

In accordance with the New York Police Division, grand larcenies, thefts of over $1,000, have been up 80% in New York Metropolis final yr.

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 offered 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 decreased numbers manufacturing.

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

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

As I mentioned yesterday, fowl flu is among the components that’s inflicting provides of eggs to get tighter.

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

The true purpose for the egg scarcity is NOT avian flu.

In accordance with this farmer … the producers can’t cowl their prices, so there at the moment are hundreds of thousands of fewer hens, and lots of hundreds of thousands of fewer eggs produced PER DAY. 🧐

🔈 sound …🚨 🚨 🚨

pic.twitter.com/GcYd1pHPZ0

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

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

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

Nonetheless, greater charges will crush many different areas of the economic system, and a number of the largest names within the company world at the moment are conducting mass layoffs…

Goldman Sachs is simply the newest agency to scale back its measurement in current months. Morgan Stanley introduced that it might lower two p.c of its employees in December, Amazon plans to chop over 18,000 jobs, and Salesforce introduced it might lower ten p.c of its workforce and shut some places of work final week.

Whereas white collar employees have been much less affected by the COVID-19 pandemic lock-downs than their blue collar counterparts, many roles have been merely finished distant as a substitute of being lower, professionals at the moment are bearing the brunt of the financial headwinds America faces.

When are folks going to lastly perceive that we now have a significant league disaster on our fingers?

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

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

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

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

As they used to say within the 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 all the international economic system might plunge right into a recession this yr…

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 newest warning from the World Financial institution, which on Tuesday sharply lowered its forecast for international financial development.

As financial situations deteriorate, persons are going to change into more and more determined.

And determined folks do determined issues.

So should you assume that organized retail theft is dangerous now, simply wait till you see what’s forward.

The social deterioration that we now have been witnessing over the previous a number of years will quickly speed up considerably, and that’s actually dangerous information for all of us.

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

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





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Tags: CityFoodGroceryInvestmentLockingrampantstorestheftWatchYork
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