Hudson's Bay: How Private Equity Destroyed North America's Oldest Brand [Spoke Media]

https://www.youtube.com/watch?v=98y7cxmoxs8

6 points · 1 comments · view on lemmy.world

1 Comments

teppa@piefed.ca · 1 pts · 1y

The problem is currency debasement, which means now nobody can afford the higher end goods that they sold.

When you grow the money supply at 8% a year by goosing the CPI and then do mass immigration to depress salaries what else would you expect, its gone the same way as housing and food quality.