Nick Meyer – When most people think of organic foods and where to get them, they usually tend to think of Whole Foods first.
The Austin, TX-based upscale chain moved to the forefront of the organic grocery industry by making a commitment to local and organic food producers, and combining a love of good food with better quality ingredients.
But lately, the profile of the organic shopper has changed dramatically, as the movement has gone mainstream.
Customers are increasingly looking for cheaper organic options, and for the ability to buy everything they need for meals in one spot. And that’s where Costco, one of the biggest retailers of its kind in America, comes in.
Ranking as the second biggest retailer in America overall behind Wal-Mart Costco obviously has a leg up on the competition.
But they also deserve to be commended for committing to organics before most other large grocery and retail chains were willing to take the chance.
That commitment has been rewarded: Costco is now projected to sell over $4 billion in organic products this year according to this article by takepart.com, which trumps Whole Foods’ projected $3.6 billion and makes it the likely number one seller. The numbers were calculated by financial firm BMO Capital Markets.
Greg Hunter – Money manager Peter Schiff, who wrote a book three years ago called “The Real Crash,” thinks the next calamity is well on its way. Schiff says, “I think the next crash is going to be a dollar crash rather than a stock market crash. Certainly it is going to be an economic crash for the average American, and their cost of living goes skyrocketing.”
So, is the next crash going to be worse than the last meltdown? Schiff says, “It’s going to be much, much worse. If you understand what caused the 2008 financial crisis, it was the easy monetary policies of Alan Greenspan. . . . The monetary policies of Bernanke and Yellen dwarf what Alan Greenspan did. That was child’s play compared to what these guys have done. We have had zero percent interest rates for six years. We have had three rounds of quantitative easing (QE or money printing) and “Operation Twist.”
J. D. Heyes – Anti-GMO activists and those who advocate for organic foods have a lot to be happy about regarding the recent decision by fast food retailer giant McDonald’s to stop publishing its traditional monthly revenue reports. Their decision has everything to do with the fact that more Americans are now making better food choices.
As reported by Bloomberg News, McDonald’s has announced it won’t be publishing monthly same-store sales results in the coming days as Chief Executive Officer Steve Easterbrook works feverishly to revive revenue growth at the world’s biggest fast food chain.
For now, the company plans to release same-store sales reports for June with second-quarter earnings data, but then they will stop providing the monthly revenue reports, according to company spokeswoman Heidi Barker. In an email to Bloomberg News, Barker said results for May will be reported on June 8. The company does plan to continue providing quarterly reports of comparable-store sales.
Hiding the poor sales – and the reasons behind them
As the business news wire also reported, the fast food chain has been under economic siege for some time:
McDonald’s is struggling to turn around its business after 11 straight months of declining global comparable-store sales. Easterbrook, who took the helm in March, announced a turnaround plan earlier this month that includes reorganizing the company’s leadership, cutting costs and returning cash to shareholders. The change in sales reporting is meant to help McDonald’s focus on its longer-term performance, Easterbrook said when he announced the shift at an investor conference [recently].
“The monthly reporting just lends itself to more volatility, and I think investors focus on short-term issues,” Jack Russo, an analyst at Edward Jones & Co., told Bloomberg News. “It’s a good move. Quite honestly, it’s kind of long overdue.”Continue reading →
Gary Christenson – Elvis and I had lunch with last week. We dined on Sasquatch burgers, fried Unicorn fritters, and we were joined by “the lone gunman.” We had our special luncheon in the main vault room of the Fort Knox Bullion Depository in Kentucky. It was practically empty so converting it to a dining area was relatively easy.
It was a fabulous lunch. It is unfortunate that most of the gold had disappeared, but I suspect that the Chinese value our former gold more than the US ever did.
As a matter of curiosity, I did some quick math regarding Fort Knox gold. The “official” gold is listed as about 147,000,000 ounces – a little less than $200 Billion at today’s prices. For simplicity, round that up to $200 Billion and call it one Fort Knox Equivalent Unit, or one FKEU.
Wall Street Bonuses for 2014 were about 0.14 FKEU.
The State of Illinois unfunded liabilities for their pension plans are reported as about 0.4 FKEU.
The annual expenses for the government of the State of California are about 0.55 FKEU.
24/7 surveillance. Smart grid controls. Carbon rationing. Today we talk to “Technocracy Rising” author Patrick Wood about the hidden history of technocracy, the dark plan for a resource-based economy that is being pushed by the Trilateral Commission, the UN, and other globalist institutions in order to bring about a completely managed, controlled and regulated society.
Greg Hunter – Recent Bloomberg analysis says if China backed its currency with gold, the price would need to be 50 times higher than it is today. According to Bloomberg, that would be a gold price of around $64,000 per ounce, which is much more than gold expert Jim Sinclair predicted a few years ago.
Financial writer Bill Holter weighs in, “That was a few years ago, before some of the QE, and Jim has said that $50,000 gold may turn out to be laughably low. . . . I think it is very curious that Bloomberg would run this because Bloomberg is as mainstream Wall Street as you are going to get. . . . It would be my guess that Bloomberg has some type of information that China is going to announce their holdings. I can show you that China has 10,000 tons of gold. That’s pretty easy to do. I use the figure of 10,000 tons, and oddly enough, that is the figure that Bloomberg used.”