X22 Report, “The Media Flip Flops On The Economy,
Retail Apocalypse Is Here, Crisis Around The Corner”
"Retail nightmare continues, Sears, JC Penny and Payless going under. Corporate media admits that retail is in trouble, they are calling it, retail apocalypse, this is the start of admitting the economy is in crisis mode. The Auto industry is cratering. Mortgage rates move up, application decline, and existing homes sales plummet. The entire system is getting ready to implode on itself. Russia will be paying off the rest of its debt, meanwhile the debt problem in the US gets worse."