The US dollar is now in the process of collapsing. It will eventually lose the reserve status of the world. China has taken the first step to remove the US dollar as the reserve currency by broadcasting to the world that it does not see the benefit of holding the dollar any more. China decided to take it one step further by saying that they may price crude in the yuan. The central bankers/US Government are pushing the false flag event and are preparing for what is about to hit every American. This event will be much worse than 911, it will be so horrific that people will be crying in the streets.
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- Sears Holdings Corp (SHLD.O) reported a wider quarterly net loss on Thursday after sales fell at both its namesake department stores and its Kmart discount chain and it invested in more promotions targeting rewards members.
- The company is trying to engineer a turnaround. Sales have been falling since 2005, when hedge fund manager Edward Lampert merged the two U.S. chains in an $11 billion deal.
- The net loss in the third quarter ended on November 2 widened to $534 million, or $5.03 a share, from $498 million, or $4.70 a share, a year earlier.
- Excluding severance costs, tax-related adjustments and a pension expense, the loss was $2.88 a share.
- Sales fell 6.7 percent to $8.3 billion, missing the analysts’ average estimate of $8.9 billion, according to Thomson Reuters I/B/E/S. Continue reading “The US Dollar Has Just Lost The Reserve Status – Episode 221”