Economic Collapse

The New Normal, Economic Collapse and Distress of Nations; Retail Apocalypse Getting Worse: Bankruptcies & Store Closings Are Creating An Apocalyptic End Game. Forecasts suggest that more than 50% (5) of all mall-based department stores will close by the end of 2021. Video.

The New Normal, Economic Collapse and Distress of Nations; Retail Apocalypse Getting Worse: Bankruptcies & Store Closings Are Creating An Apocalyptic End Game. Forecasts suggest that more than 50% (5) of all mall-based department stores will close by the end of 2021. Video.

October 6, 2020 by IWB

The retail apocalypse is causing bankruptcies, liquidations, and store closings that are fast spreading across the nation, and celebrated iconic brands are witnessing the inevitable collapse of their businesses as they shut down permanently. In this video, we analyzed a study that indicated that the catastrophic retail crisis reached record bankruptcies in the first half of 2020, and the economic collapse boosted by the sanitary outbreak is pushing the sector to the edge. In that sense, millions of jobs are permanently gone due to lockdown restrictions that deeply affected this industry.

In this video, the Epic Economist crew examined the impacts of the generalized retail meltdown and also listed some of the most popular stores that are closing doors for good. Mandatory store closures enacted by the government, social distancing rules, supply chain issues, and the upsurge in e-commerce sales have contributed to accelerate the collapse of brick-and-mortar retailers, provoking a massive wave of bankruptcies that is diving into the second half of the year as well. The reduction of foot traffic in shopping centers have affected stores in malls, which, as a consequence, also put their lives in jeopardy.

That is to say, the retail apocalypse has become so extensive that is causing a downfall of historical proportions. With almost no prospects for a recovery during the 2020 Recession, the sector is facing major challenges, and economic experts have been emphasizing that this is almost certainly the worst year in recent history for retail. By the end of August, 29 big retailers filed for bankruptcy.

In the first half of 2020, 18 (6+6+6) major retailers filed for chapter 11 protection. Then, From July through mid-August, 11 more retailers filed, and the number of store closures is catastrophic. Moreover, the excessive debt, store saturation, high unemployment, and changing shopper behaviors can also be added to the reasons why stores in malls were hit particularly hard. Small businesses are struggling to survive until the holiday season, and many retailers are still relying on their physical locations to stay afloat during this recession. However, market experts indicate that critical changes should be put into place to prevent their extinction. The retail bankruptcy trend has been going on for a long time, which proves that despite the eruption of the health crisis, the US economy was already deteriorating long before.
Last year there were 22 retail bankruptcies filed. From 2017 to 2018, over 5,000 (5) stores were closed as well. Historically, the most recent record for bankruptcies in this sector came in 2010 when 48 retailers filed for bankruptcy in the wake of the 2007-09 recession. This year is that the spike in bankruptcies was recorded immediately after the recession started in February, signaling that most of these companies were already experiencing difficulties, or – as people say – they already had “one foot in the grave”, the viral outbreak implications just drove them further down.

With that said, it is expected more bankruptcies to be filed in the coming years, even renowned specialists have stated that it’s very unlikely this is going to stop anytime soon. Amongst the brands that are cutting the number of their stores down, moving into online retail, or completely liquidating their assets are Tesla, Abercrombie & Fitch, Starbucks, H&M, Target, Gap, Forever 21, and many others.

Additionally, as bankruptcies are expected to climb, the financial pain will resonate in shopping malls and in the commercial mortgage-backed securities market, while forecasts suggest that more than half of all mall-based department stores will close by the end of 2021. These factors will pile up to higher the pressure on the markets, possibly prompting a financial crash, because there is a huge bubble that could burst due to the enormous rates of rental delinquency. Yet, another blow on the fragile US economy would severely affect its future, knocking it down into a deeper, scarier, and more complex depression.

The retail apocalypse is only one of the problems in the American economy, there are many other areas that we should also be watching. The downfall of retail is just a sign of the deterioration of the economy. The nation has been crumbling for years, only accumulating economic and financial trouble, but at some stage, the reckoning day will arrive.

In the meantime, keep in mind that the failure of many other sectors will only come later in the cycle, which means the US has gotten itself into a large-scale solvency crisis that it is beyond the Fed’s ability to overcome it. Taking all factors into account, it seems like nothing can stop this ship from sinking.

Night Watchman Note; We are to ‘be watchful’ in helping to understand today’s events as related to biblical prophecy. That is what ‘watchmen or women’ do. Jesus made clear that when He actually does come for His disciples, His wise and faithful servants would be aware of the time because they would be watching. They would not know the ‘day or the hour’ of His return, but would know the ‘season of the times.’ They would know the season of the times by WATCHING those things ‘coming to pass or occurring’ as Jesus said they would. The ‘BENCHMARK SIGN(s)’ always point towards Israel / Jacob. God’s prophetic timepiece. The FALSE PEACE COVENANT confirmed by the Prince/Beast among MENA (the many) is the ‘key sign’ of the times or the season of the times. Yes, we are in that period. The Prince/Beast will likely confirm and enhance the current ‘normalization’ agreement with Jacob to be a ‘peace’ agreement, to be extended to 7 years from the current 5 years, to include some agreement permitting the rebuilding of the third temple in exchange for ‘some portion of Jerusalem.’ The current ‘investment’ period for the Palestinians stands at five (5) years. This will likely occur AFTER the Bride, Disciples or True Church is removed from the earth via the Rapture / Harpazo / Redemption / ‘Twinkling’.

Seven (7) References to ‘BE WATCHING or WATCHFUL.’

Matthew 24:42; Watch therefore: for ye know not what hour your Lord doth come.

Matthew 25:13; Watch therefore, for ye know neither the day nor the hour wherein the Son of man cometh.

Mark 13:35; Watch ye therefore: for ye know not when the master of the house cometh, at even, or at midnight, or at the cockcrowing, or in the morning.

Luke 21:36; Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man

Luke 12:37-39; Blessed are those servants, whom the lord when he cometh shall find watching: verily I say unto you, that he shall gird himself, and make them to sit down to meat, and will come forth and serve them.And if he shall come in the second watch, or come in the third watch, and find them so, blessed are those servants.And this know, that if the goodman of the house had known what hour the thief would come, he would have watched, and not have suffered his house to be broken through.

1 Thessalonians 5:2-4; For yourselves know perfectly that the day of the Lord so cometh as a thief in the night. For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape. But ye, brethren, are not in darkness, that that day should overtake you as a thief. (Be Watching).

John 13:19 Now I tell you before it come, that, when it is come to pass, ye may believe that I am he.

John 14:29 And now I have told you before it come to pass, that, when it is come to pass, ye might believe.

Luke 21:31 So likewise ye, when ye see these things come to pass, know ye that the kingdom of God is nigh at hand.

Mark 13:29 So ye in like manner, when ye shall see these things come to pass, know that it is nigh, even at the doors.

Luke 21:28 And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.

Revelation 1:1 The Revelation of Jesus Christ, which God gave unto him, to shew unto his servants things which must shortly come to pass; and he sent and signified it by his angel unto his servant John:

‘Increasing Like Labor Pains.’ ‘Fearful Sights.’ ‘Perilous Times.’ ‘Men’s hearts failing with fear.’ Great Convergence of Signs.’ REDEMPTION IMMINENT.

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.

Categories: Economic Collapse

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