Friday, November 29, 2013

Black Friday: A Shameful Orgy Of Materialism For A Morally Bankrupt Nation

Michael Snyder
Activist Post

It has been called "America's most disturbing holiday".  Black Friday is the day when millions of average Americans wait outside retail stores in the middle of the night in the freezing cold to spend more money that they do not have for more cheap Chinese-made products that they do not need.  It is a day when the rest of the world makes fun of Americans for behaving like "rabid animals" and "zombies" as we indulge in a tsunami of greed.  It truly is a shameful orgy of materialism for a morally bankrupt nation.

It is being projected that approximately 140 million Americans will participate in this disgusting national ritual this year.  Sadly, most of them have absolutely no idea that they are actively participating in the destruction of the economic infrastructure of the United States.  If you don't understand why this is true, please be sure to read this entire article all the way to the end.

The amount of merchandise that is purchased on Black Friday is absolutely staggering.  For example, just consider how much stuff is sold at Wal-Mart alone...
Wal-Mart said it recorded more than 10 million register transactions between 6 p.m. and 10 p.m. Thursday in its stores and nearly 400 million page views that day on walmart.com. It sold 2.8 million towels, 2 million televisions, 1.4 million tablets, 300,000 bicycles and 1.9 million dolls. Big-ticket electronics like big-screen TVs and new videogame consoles were among the top sellers.
But each and every year, Black Friday also seems to bring out the worst in many people, and this year was certainly no exception.  The following are just a few of the national headlines about the rioting and the violence that we witnessed...

-"Holiday shopping season kicks off with fights, arrests"
-"Violence flares as shoppers slug it out for best Black Friday deals"
-"Watch Screaming Mobs Fight Over Televisions At Wal-Mart"
-"Two Arrested After Stabbing Over Parking Space At Wal-Mart"
-"Rialto Walmart Thanksgiving brawl sends one police officer to hospital"
-"Walmart Ejects Customer For Filming Violent ‘Black Thursday’ Mobs"
-"Cops: Shoplifting suspect shot after dragging officer"



And sometimes the violence extends out into the parking lots and into the surrounding neighborhoods.  In Las Vegas, a man that was carrying a big-screen television home from Target was shot in the leg...
According to police, a man purchased a big-screen television from the Target store near Flamingo Rd. and Maryland Pkwy. While he was walking to a nearby apartment complex, a man approached and fired a warning shot, causing the victim to drop the television, police said. 
Officers tell 8 News NOW the gunman then took the television to a nearby car that was waiting, where a second man helped the gunman load the TV into the car. 
The victim approached the two men and tried to get the television back. That prompted the gunman to fire several more rounds, shooting the victim in the leg.
Every year I go over to YouTube to check out the madness that breaks out on Black Friday night all over the nation.  Posted below is the best compilation video from Black Friday that I could find.  In particular, I love how this video compares American shoppers to zombies...



And there is one more video that I wanted to share with you.  In this video, activist Mark Dice dresses up like Santa Claus and mocks Black Friday shoppers for being "parasites" and for ruining Thanksgiving...



Meanwhile, as retail stores all over America actively encourage this zombie-like behavior, police are actually cracking down on other groups of Americans that are actively trying to make this country a better place.  For example, a Christian group in Lake Worth, Florida was kicked out of a public park for trying to feed the homeless on Thanksgiving.  Of course this kind of thing happens all the time.  In fact, dozens of major cities all over the country have now passed laws that make it illegal to feed the homeless.  For much more on this, please see my previous article entitled "One Lawmaker Is Literally Smashing The Belongings Of The Homeless With A Sledgehammer".

At the beginning of this article, I stated that those who go shopping on Black Friday "are actively participating in the destruction of the economic infrastructure of the United States".

How could that possibly be?

Aren't they helping the economy by spending their money?

Actually, it isn't that simple.

Just think about it for a moment.  Where are most of the "advertised specials" that people go crazy over on Black Friday actually made?

If you guessed "China", you would be correct.  In fact, it is very difficult to find any "Black Friday specials" that are actually made in the United States.

When you buy stuff made in China, you support workers and businesses in China.  As I mentioned in a recent article, the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas.

Overall, the U.S. has run a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975.

So when you look around and see lots of unemployed people, it should not be a surprise to you.
Right now, the labor force participation rate is at a 35-year-low and more than 102 million working age Americans do not have a job.  That number has increased by 27 million just since the year 2000.

Because the American people are not supporting American businesses, our formerly great manufacturing cities are being transformed into rotting, festering hellholes.  Just take a look at Detroit.  At one time Detroit had the highest per capita income in the entire nation, but now it is a dying, bankrupt ghost town.

And of course this is happening to manufacturing cities all over the nation.  Since 2001, more than 56,000 manufacturing facilities in the U.S. have permanently shut down and we have lost millions upon millions of good paying manufacturing jobs.

Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs.  Today, only about 9 percent of the jobs in the United States are manufacturing jobs.

Good job America.  And the following are some more facts from one of my previous articles about how our massively bloated trade deficit is absolutely killing our economy...

-There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.

-Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

-When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

-Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little "m") for the entire year.  In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

-According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

-According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

Unfortunately, most Americans never stop to think about what happens when we buy stuff from China.
When we buy stuff from them, our money goes over there.

At this point, they are sitting on trillions of our dollars and they have purchased more than a trillion dollars of our debt.

Up until now, Chinese demand for our dollars has helped keep the value of the U.S. dollar artificially high.  This is one of the reasons why Wal-Mart can sell you those Chinese imports so inexpensively.

And up until now, Chinese demand for our debt has helped keep long-term interest rates artificially low.  So the U.S. government has been able to borrow money at ridiculously low interest rates and U.S. home buyers have been able to get mortgage rates that are well below the real rate of inflation.

But no irrational state of affairs ever lasts indefinitely, and the Chinese recently announced that they are going to quit stockpiling U.S. dollars.  Many analysts believe that this means that the Chinese will soon stop stockpiling U.S. debt as well.

So enjoy those super cheap "Black Friday specials" while they last.  That era is rapidly coming to an end.

Now that the Chinese have stolen tens of thousands of our businesses, millions of our jobs and trillions of our dollars, perhaps they feel that there is not much more looting to be done.  Our economic infrastructure has been essentially gutted at this point.  Moving forward, China can afford to let the value of the U.S. dollar fall and the value of their own currency rise because even Barack Obama admits that "those jobs are never coming back".

And every single American that went shopping on Black Friday and bought Chinese-made goods actively participated in the ongoing destruction of the U.S. economy.

Good job America.  You are a nation that is utterly consumed by materialism and greed, and you don't even realize that you are destroying yourself with your own foolishness.

This article first appeared here at the Economic Collapse Blog.  Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.




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16 comments:

Anonymous said...

It's rather idiotic to blame American decline on the Chinese, they haven't stolen anything. The blame lies clearly with the American ruling class who have to be gotten rid of post-haste. And please don't ever neglect that part of the decline in US wages is entirely the result of torpedoing union jobs by opening the door to "Free" trade.

Anonymous said...

You forgot to mention that the U.S. dollars going to China are also buying products from U.S. factories there. So they may be paying wages, albeit slave-wages, to Chinese workers, but the profits are going to the American factory owners there. And don't bring up that old, worn-out bs about the Chinese being better off with what they are paid because they have it better than they would otherwise. Slave labor is just that...12 to 20 hours of work, 7 days a week. No rest periods and no time for family.

Anonymous said...

but my tv is so nice....

Anonymous said...

Depends, Churning money is not new in the Capitalist system?

Sherrill said...

Love the fact that in the middle of this article is an Ad for Macy's Black Friday sale. Well played, co-conspirator of materialism. Wow. That totally ruined the point of what you were trying to say.

paschnn1 said...

Keep one thing in mind while you watch the banker controlled media's version of "truth" on how China has ruined this cesspool;
If it weren't for traitors in legislature dropping to their knees to "service" international/national corporations this could NOT happen. Similarly, the 10.5 million jobs THEY have sent overseas would not have been lost. I believe it was Franklin who said a people gets the government they deserve. The sooner this nation of vicious fools lies still in collapse, the better off the balance of the world will be. Couldn't happen to a more deserving bunch in my opinion. It's terrifying and exciting at the same time to watch this mess unfold w/o a whimper from the drones.

Anonymous said...

Times like these I'm glad I'm broke

marcos toledo said...

What will happen to the Uber-Capitalist when there's nobody to buy their goods. No brains jerks.

Anonymous said...

What a shameful and disgusting spectacle! Yet, when one points out to the fact that Americans deserve what they get for being stupid, you have your head bitten off by the denialists. Watching this is very hard to believe that 1 in 4 Americans are on welfare, food stamps and dire poverty. For once, I would have to agree with the Wingnuts that claim that those safety nets are being used for consumerism. It's truly very difficult to feel any kind of sympathy for such stupid and disgusting human beings. Americans are responsible for their own demise.

josh optic said...

1) I saw him blame Americans not chinese. Do you truly not have the cognition to see that? 2) way to work in a plug for unions. UNIONS were an integral player in the reason for detroits destruction. You represent the epitome of what this article is about; being a part of something that is destructive to America's economy and not even realizing it all the while complaining about the consequences of your own actions without realizing you are the cause of it.

Ive n3ver went out on black Friday

Anonymous said...

josh optic - I'm David Kock and I approve of your message. Thank you! There will be an extra quarter in your paycheck next week for that gem. Me and my brother, Charles, appreciate you helping little people turn against each other while we sodomize you from behind. Without zombies like you, a few of us could never control and make serfs out of millions of you. Now, please go shopping and keep an eye on your neighbor. If he doesn't go shopping at Walmart that's a sure sign that he's a member of Al Qaeda and you must immediately to Fatherland Security.

Anonymous said...

The free trade agreements have killed our economy, or at least given it a terminal illness. There has to be fair trade, not free trade.

Shame on Nixon, not so much for Watergate as for opening up China and paving the way for most favored trade status. And shame on his cohort, Kissinger the Criminal.

Anonymous said...

Yes Michael Snyder, you nailed it when you said we are"spending money we don't have to buy things we don't need".
It's become a runaway train or addiction we can't seem to stop.
Capitalism has become not only predatory but cannibalistic in nature.
It was never meant to be that way and will work if good products that prove themselves as useful to the consumer in a fair marketplace and sell themselves more or less.
But the sellers have grown in power and influence, (as well as greed) to use deceit, trickery and outright lies to sell their sometimes dangerous products.
Huge drug companies have twisted the laws so they are immune to the consequences of killing people with their products.

Yes Michael you nailed it with that phrase and everyone should put it on their refrigerator as a daily reminder of the fact, "they need your participation in this predatory greed driven endeavor"
Don't let them trick you into buying what you don't need. When you feel that urge, ask yourself, " do I really NEED it". 9 times out of 10 the answer is NO.

I'll close with my stupid little poem... well... maybe not so stupid!

Behold. I wear my indebtedness like a badge of honor.
I'm a card carrying member of the credit kingdom.
I spend money I don't have, ( or can't pay back)
for things I don't need, to impress people I don't like.

You see all those people with nice clothes, nice cars, and homes with all the goodies, and you think "wow, I wish I had money like them"

Odds are, they don't have money, THEY HAVE DEBT. PILES OF IT.
AND THEY DON'T REALLY OWN ANYTHING THEY HAVE.

tomas rader said...

Chinese products fail quickly. When products were made in the US they had at least a life three times greater. In my trade I get crap about breakers..bulbs...switches..etc. I no longer warranty anything chinese. Try to get the customers to purchase the materials. Good luck getting a warranty over 90 days. Customers are pissed about the low quality in the shiny package. Educating em since nafta. Thanks for goin to china GE. Keeps me busy in the field.

Anonymous said...

The "Mega Shareholders" of big traders had their money & property SAVED for them by the U.S.of A. armed forces during ww11,now they repay those people& their descendents with off-shoring jobs to China,India,Taiwan etc; These dudes & their families need to face the American public & face up to their commitments pay tax! Withdraw from Swiss numbered bank A/cts. These same dudes will beg for your help if the COMMUNISTS decide to take-over their assets in their own countries! Will YOU go to WAR for them? This time?

Anonymous said...

We are a morally, ethically and spiritually bankrupt nation filled with sycophants, toadies, kool-aid drinkers and sleepwalkers. We embrace all that is disgusting, filthy and unclean and we despise, degrade and disparage anything that is good, clean and holy. If God decided to bring about Armageddon upon the US today, I understand why. We probably deserve it given our gluttonous desire for things over substance, drugs and alcohol over family, promiscuity over monogamy.

We will reap what we sow in the near future...

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