


Fast Buck Freddie's, a Duval Street landmark for nearly four decades, will close later this month.
Owner Tony Falcone, who opened the store in 1976 with his late partner, Bill Conkle, said his decision is based on the changes that have overtaken the retail world in recent years.
"Everything's about online shopping now, and at least 100 times a...
I own a business and I understand how this operates. However, you really have to have the inventory to sell it. I ran into this only once at FBF's. I run into it daily at the other stores in town.
Maybe you need to move up to Homestead where you can have all the big-box stores with free parking, that you want to have.
If it doesn't fit their agenda, they just make stuff up. That's how Faux News does it - they believe that if you repeat a lie enough times, it becomes the truth.
America hit peak oil production in 1970. Three years later, the OPEC Oil Embargo gave Americans its first taste of what could happen in a Peak Oil World where America no longer had enough domestic production to make up for the forced lack of oil imports.
(For those too young to remember this, ask your parents or grandparents about the lines at gas stations where the last number on your license plate had to align with buying gasoline on an even/odd day. Ask them about the double digit inflation rate which the oil shortage set off while we went into hock as a nation to pay off the disastrous war in Vietnam. It was so bad, President Nixon had to take the American dollar off the gold standard before foreign countries traded in all their extra dollars for gold at our Treasury. Had Nixon not shut the gold window, the world would have found out we had printed way more dollars than there were ounces of $35 per ounce gold in the vaults at Fort Knox.)
This nation's last boom during the 90s was built on $10 a barrel oil which came from the last two major oil finds on Earth: the Alaskan Oil Fields and the North Sea Oil Rigs. After that, entropy set it.
The 90s were a time of outsourcing of American jobs by our multi-national firms. Computers made great rises in productivity rates possible, resulting in more and more Americans losing their jobs while those left behind did more work for even less money. Labor costs in emerging economies meant multi-national firms with bases in the USA were dispersing more of their profits via savings from hiring people in depressed economies to put together cheap goods at .20 cents per hour labor costs. These newly assembled cheap labor goods were then shipped back to big box stores in America to sell to the demanding consumers looking for "falling prices" over quality.Apologists for free-market Capitalism without regulations would ask rhetorically on CNBC: "One Wal-Mart store put 28 local businesses, from candymakers, the 5 and Dime, the household goods store, the tiny shoe store, all out of business? No matter. We can still buy a $5 beach umbrella and a $10 coffee maker at Wal-Mart! The Wal-Mart has it all. Americans know a good bargain when they see it"
(No, Americans are shaped to be short term thinkers, to never think about the repercussions of always buying cheap from a big box store or over the internet, when the money a mom and pop store earns circulates directly back into the local economy.)
Wal-Mart pays its employees such little money that they have to file for government assisted healthcare as Wal-Mart has no healthcare plan. In a slap in the face of it's "Associates", Wal-mart now has "health-clinics" in their stores for its customers, but Wal-mart still does not supply free healthcare to its employees. (That's right, the Walton family and their shareholders would rather make billions in "privatized" profits while socializing the healthcare to taxpayers - all in the name of Capitalism.) Wal-Mart continues to break labor laws, such as not paying assistants their full pay by making them cut lunch breaks short and by working off the clock. And may your God help you if you are a woman working at Wal-Mart, even in management, because promotions go mostly to men at higher pay. Furthermore, we've got a man running for President who is building yet another mansion and claiming he is a "man of the people". This castle comes with a car elevator. This Plutocrat ran a vulture fund which bought American businesses which needed capital to survive (think the now successful Auto companies which he's claiming he now wanted to prop up in 2008 with capital, but which is a lie as anybody with a youtube account can see). This man and his vulture fund would by businesses on the ropes, fire all the employees, legally raid pension funds, sell off the machinery to third world countries, and move the operations overseas or sell the stripped down building and newly started up business (with Chinese or Indonesian or Vietnamese labor)to an overseas entity which would then produce washing machines and widgets which Americans used to make with pride and which afforded American workers enough income to go shop at a mom and pop store.This is the America of Peak Oil, post-dot.com bust, post-Credit Crash and post-Housing Crash. The good jobs are gone. They are not coming back. People are stuck in their ever-depreciating homes while interest rates at "all time lows" are destroying what little wealth elderly Americans may have counted on in their tiny savings accounts at their local banks or credit union. Interest rates have only one way to go from here: UP. And when interest rates finally begin that climb back up the ladder to where they reflect the real tote of what an American dollar is worth, you can bet a whole new Recession or Depression caused by further housing declines is going to set off mass hysteria in a country which has been blinded by the sages on TV and radio for too long.