Tag Archives: wall street

Sears Kmart update 01 December 2015: Corporate cannibalism in Canada!

In Canada:  The New Glasgow Highland Square Mall Sears shutting down in September 2016.  The lease will not renewed.    The Sears Home Store in Saskatoon shutting down in April 2016.    The lease will not be renewed.  Sears Canada revealed they’ve sold two distribution centers for a grand total of $108.5-million CAD.  Interestingly, Sears Canada will continue to use one of those distribution centers.  What this means is they are desperate for cash and are engaging in what I call corporate cannibalism.  (Sears hires another executive known for corporate cannibalism!)

In Mississippi, U.S.A.: Foolish Anniston city leaders are considering spending taxpayer dollars to ‘repurpose’ the vacant Kmart property.  They’ll pay up to $3-million USD in rebates to anybody who can make it work!

Other Sears & Kmart news involves Massachusetts and New jersey, here’s the updated list of U.S. store closings that I’ve been compiling since the end of 2011:

Arizona: Scottsdale Sears/Great Indoors, Chandler Sears/Great Indoors. Recently revealed Arrowhead Towne Center Sears sold-off then rented back! Chandler Fashion Center Sears sold-off then rented back!

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 jobs lost), Anniston Kmart (no word yet on how many jobs lost), Birmingham Eastwood Kmart (70 jobs lost), Decatur Mall Sears (91 jobs lost), Fort Payne Kmart, Northport Kmart (68 jobs lost), Dothan Sears (68 jobs lost), Huntsville Kmart (73 jobs lost), Sears Store and Auto Center at the Bel Air Mall in Mobile (more than 100 jobs lost).

California: El Monte Sears (at least 40 jobs lost. Damien Arrula, El Monte’s economic development director, said the store manager had lied about what was going on: “The general manager of the store had just indicated to me that they were remodeling.”), two San Diego Sears (more than 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost), Torrance Kmart, Fairfield Kmart (63 jobs lost), Lampert owned OSH taken over by Lowe’s home improvement in bankruptcy court, at least 17 of 99 stores to be closed down (935 jobs lost!), Rancho Cordova Kmart (97 jobs lost), San Clemente Kmart/Sears/Kmart on Camino de Estrella (58 jobs lost), placed on an official hit list in 2011 the Oceanside Kmart on College Boulevard finally being shut down, Banning Kmart (91 jobs lost) recently revealed that Sears Holdings is still paying rent on the abandoned property, Laguna Hills Mall Sears, San Diego Mid-City Kmart (73 jobs lost), Hemet Kmart (77 jobs lost), Oakland Sears repair center (75 jobs lost), San Mateo Kmart (82 jobs lost to an apartment building connected to public transportation), Hesperia Kmart building sold at a loss to a vulture capitalist REIT, no word on if the Kmart will be shutdown. Customers complain that the Kmart employees have a bad attitude, gee I wonder why? Yuba City Kmart (63 jobs lost), Rocklin Kmart (at least 63 jobs lost, the store had just posted “Now Hiring” signs), San Leandro Kmart (102 jobs lost), San Jose Mercury News says the El Centro Kmart to shutdown in January, the website Foursquare says the Covina Kmart is now shutdown (other sources say it will shutdown in December), Cupertino Sears and Auto Center (98 jobs lost), somebody posted on yelp* that the Diamond Bar Kmart was shutting down in December (confirmed by Armijo Newspapers), Westfield Topanga Sears (122 jobs lost), it looks like the Blythe Kmart is being slowly shutdown despite denial by Sears Holdings. San Mateo Kmart being demolished to make room for 599 unit apartment complex, as part of the the Hayward Park Caltrain Station project. Atwater Kmart (74 jobs lost), Los Banos Kmart (67 jobs lost).

Colorado: Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears/Great Indoors, Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost), Denver Kmart (number of jobs lost have not been made public at this time, but could be at least 40), Colorado Springs Kmart at Powers and Palmer Park boulevards (57 jobs lost), Fort Collins Sears (67 jobs lost), Denver-Cherry Creek North Sears store & Auto Center (66 jobs lost).

Connecticut: Waterbury Big Kmart, Torrington Kmart (73 jobs lost), Enfield Sears Optical (no word on jobs lost), Wallingford Sears Appliance & Hardware (employees say the shutdown was a surprise, I guess they don’t read Blind Bat News), Wallingford Sears Appliance & Hardware (at least 13 jobs lost).

Delaware: Dover Kmart (at least 72 jobs lost, some reports said 100), Seaford Sears (30 jobs lost), Claymont Kmart (87 jobs lost).

Florida: Fernandina Beach Kmart (at least 40 jobs lost), Callaway Kmart (at least 40 jobs lost), Orange City Kmart (at least 40 jobs lost), Deland Sears (at least 40 jobs lost), Stuart Sears (at least 40 jobs lost), West Palm Beach Sears (at least 40 jobs lost), Port St. Lucie Sears (at least 40 jobs lost), Crystal River Sears (at least 40 jobs lost), New Smyrna Beach Kmart (at least 40 jobs lost), Saint Augustine Kmart (at least 40 jobs lost), Pompano Beach Kmart (at least 40 jobs lost), Jacksonville Kmart on 5751 Beach Boulevard (71 jobs lost), second Kmart in Jacksonville on 4645 Blanding Boulevard (83 jobs lost), Ocoee Sears (102 jobs lost), Pensacola Kmart on Airport Boulevard closed in 2011, Pensacola Kmart on Mobile Highway closed in February 2013 (69 jobs lost), Pensacola Kmart on East 9 Mile Road will close in May (73 jobs lost), Hialeah Kmart (67 jobs lost), Bonita Springs Kmart (67 jobs lost), Mount Dora Kmart (100 jobs lost), Lake Mary Kmart, Panama City Beach Kmart (54 jobs lost), Winter Park Kmart (100 jobs lost), Niceville Kmart (59 jobs lost), Winter Haven Kmart (92 jobs lost), Palm Bay Kmart, Oakland Park Kmart (112 jobs lost), Clearwater Sears Auto Center (21 jobs lost), Zephyrhills Kmart (70 jobs lost), Winter Springs Kmart (69 jobs lost), Naples Kmart (72 jobs lost), New Port Richey Kmart (58 jobs lost), ‘redevelopment’ of Aventura Sears & Auto Center into an “open-air village” (unknown how many jobs affected), Kmart on Northeast 108 Street being annexed by Miami Shores, Sears Holdings threatens to shutdown Kmart as a result of higher local taxes. The property that’s home to an operating Kmart, on South Green Bay Road in Racine, was foreclosed by the local Sheriff and sold-off for $2.5-million, no word on what the new property owner will do with it. Fort Myers Kmart (67 jobs lost). Dicks Sportings Goods subleasing space in an existing Sears store in Palm Beach Gardens.

Georgia: Macon Sears (at least 40 jobs lost), Buford Kmart (at least 40 jobs lost), Douglasville Kmart (at least 40 jobs lost), Atlanta Kmart (at least 40 jobs lost), Columbus Kmart (at least 40 jobs lost), Jonesboro Kmart (at least 40 jobs lost), Cartersville Kmart (74 jobs lost), Hiram Kmart (53 jobs lost), Marietta-East Cobb Kmart, Warner Robins Kmart (77 jobs lost), Coweta County Kmart distribution center (164 jobs lost), one of the last two North Augusta Kmart to be torn down by new property owner from Canada, Sears Holdings denies the Kmart will shutdown.

Guam: Sears Hometown Store.

Hawaii: Honolulu Sears (owned by GGP, 372 jobs lost! GGP spending $573-million chopping it up into smaller store spaces), Kauai Sears (41 jobs lost), Iwilei-Honolulu Kmart for lease (no confirmation of store closing).

Idaho: Lewiston Sears (at least 60 jobs lost), Rexburg Kmart (63 jobs lost), Chubbuck Pine Ridge Mall Sears shutdown by the end of October/beginning of November 2014 (the remaining 28 jobs lost). Across the street, in Pocatello, the property where the Kmart is located has a “pad site available” sign, posted ever since the Kmart bankruptcy. The Kmart building takes up most of the ‘pad’. Latest news from inside sources say Sears Holdings will not comment on any plans to expand the small amount of Craftsman products already being sold at the Kmart, or shift the Kenmore products line, from the closing Chubbuck Sears to the Pocatello Kmart. In fact all plans for the Pokey Kmart are in a ‘holding pattern’.

Illinois: Alton Sears (at least 40 jobs lost), Melrose Park Sears parts and repair center (50 jobs lost), Zion Kmart (at least 40 jobs lost), Oak Lawn Kmart (at least 40 jobs lost), McHenry Kmart (at least 40 jobs lost), Peru Kmart (at least 40 jobs lost), Lombard Sears/Great Indoors (at least 40 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost), Homer Glen Kmart (82 jobs lost), Streator Kmart (45 jobs lost), Lombard Kmart (70 jobs lost), Naperville Kmart (98 jobs lost), Calumet Sears (164 jobs lost), two Sears stores in Grand Crossing area of Chicago (247 jobs lost!), Mount Vernon Sears (68 jobs lost), Moline Sears (at least 60 jobs lost), Homewood Kmart (185 jobs lost), Belvidere Kmart (91 jobs lost?) revealed is now a perpetual closing sale Kmart At A Discount store, Champaign’s Market Place Mall Sears (56 jobs lost), Sterling Kmart (60 jobs lost), Montgomery Kmart (81 jobs lost), Mattoon Sears (more than 40 jobs lost), Chicago Sears on North State Street (160 jobs lost), Chicago Sears Craftsman Experience store, Galesburg Sears (46 jobs lost), White Lake Township Kmart (42 jobs lost), Orland Park Sears Appliance, Collinsville Kmart (84 jobs lost), Crystal Lake Kmart (at least 77 jobs lost), Danville Sears store & Auto Center (63 jobs lost), Forsyth Sears store & Auto Center (45 jobs lost), Peoria Kmart (73 jobs lost), Forest Park Kmart (107 jobs lost), Chicago Sears on North and Harlem avenues, supposedly it’s being replaced (most likely at taxpayer expense) with a new building and it will become a Sears-Mariano’s store, Bloomington Kmart (79 jobs lost), Hoffman Estates Headquarters 100 jobs eliminated, another 15 corporate jobs eliminated elsewhere, Chicago-Wicker Park Kmart (106 jobs lost), abandoned Market Place Mall Sears location to be occupied by Dick’s Sporting Goods and Field & Stream. 58 Chicago area stores up for lease or sale. North Mayfair Kmart (99 jobs lost), Chicago Kmart at 5033 North Elston Avenue (99 jobs lost). By the way, Illinois elected officials gave Sears Holdings/Hoffman Estates a $150 million USD tax break to keep their headquarters in the state. The tax break was not tied to any promise not to close stores.

Indiana: Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost), Richmond Sears (49 jobs lost), South Anthony Kmart (70 jobs lost), Fort Wayne Kmart on South Anthony Boulevard (70 jobs lost), FairOaks Mall Kmart, Logansport Sears (43 jobs lost), Muncie Kmart (59 jobs lost), Fort Wayne Kmart on Coliseum Boulevard North (69 jobs lost), Decatur Kmart (49 jobs lost), Indianapolis Kmart on Madison Avenue (131 jobs lost), Indianapolis Kmart on Washington Street (139 jobs lost), Bedford Kmart (62 jobs lost), Indianapolis (Evansville) Sears & Auto Center at Washington Square Mall (91 jobs lost), Greenwood Kmart (78 jobs lost), Plymouth Kmart (68 jobs lost), Bloomington Sears to be replaced by Whole Foods grocery store.

Iowa: Cedar Rapids Kmart on 16th Ave (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost), Coralville Sears (94 jobs lost, this is a store sold to GGP earlier in the year), Cedar Rapids Kmart on Collins Road NE (56 jobs lost), Mason City Kmart (50 jobs lost), Clive Kmart (at least 49 jobs lost), Ames Kmart (44 jobs lost), Fort Dodge Sears (no job loss numbers made public, yet. The Auto Center was secretly shutdown in September), 56 years old Mason City Sears & Auto Center (more than 100 jobs lost).   Davenport Kmart (59 jobs lost), Belvidere Kmart (67 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost), Merriam Kmart-then Sears-then Kmart (jobs lost unknown), Wichita Sears store & Auto Center (103 jobs lost), Manhattan Sears & Auto Center (number of jobs lost were never revealed).

Kentucky: Middlesboro Sears (in September 2012 the Sears store re-opened under independent ownership, official grand re-opening scheduled for November), Winchester Kmart, Hazard Kmart (at least 40 jobs lost), Lexington Fayette Mall Sears (114 jobs lost!), Newport Kmart (81 jobs lost), Cannonsburg Sears and Sears Auto Center (no employee info given), Louisville Dixie Highway Kmart/Sears/Kmart shutdown and now being taken over by Kroger basically to sell the same crap the old Kmart did! Madisonville Kmart (39 jobs lost), Owensboro Sears store & Auto Center (52 jobs lost).

Louisiana: Slidell Sears (77 job lost), Gretna Kmart (94 jobs lost), Metairie Kmart secretly sold off, no word if it will be shutdown, Laplace Sears Hometown Store.

Maine: Lewiston Sears (60 to 70 jobs lost), Presque Isle Aroostook Centre Mall Sears (63 jobs lost), Aroostook Centre Mall Sears Auto Center leased out to VIP Tires & Service.

Maryland: Ellicott Sears (at least 40 jobs lost), Gaithersburg Sears/Great Indoors, Landover Sears rebuild & call center (115 jobs lost), Baltimore Kmart on Wabash Avenue (107 jobs lost), Parkville Kmart (102 jobs lost), California Kmart (71 jobs lost), Sears Hometown Store in Perryville.

Massachusetts: North Reading Sears Hardware store closed, lease not renewed, Milford Kmart (80 jobs lost), Kingston Kmart (73 jobs lost).   Braintree Kmart on Grossman Drive shutting down.  Also, the Braintree South Shore Plaza Sears store is renting out an entire floor to Ireland based Primark.   Even with the lease to Primark there is still 4-thousand square feet of vacant space in the Sears store.  The Sears at the Auburn Mall shutdown on Black Friday due to electrical fire.  The store was experiencing electrical problems, an investigation is underway.  

Michigan: Novi Sears/Great Indoors, Brighton Sears Grand/Essentials, Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart, Saginaw Kmart on Bay Road, Flint Kmart on Dort Highway (46 jobs lost), Gaylord Kmart (48 jobs lost), Sterling Kmart (58 jobs lost), Bloomfield Township Kmart and Sears, Bad Axe Kmart (61 jobs lost), Ypsilanti Township Kmart (83 jobs lost), Petoskey Kmart (45 jobs lost), Saint John’s Kmart (48 jobs lost), White Lake Township “Store of the Future” Kmart (42 jobs lost), Grand Blanc Kmart (49 jobs lost), Lapeer Kmart (56 jobs lost), Southgate Kmart (155 jobs lost), Detroit’s Telegraph Road Kmart (115 jobs lost), Waterford Township Sears (no word on how many jobs lost), Rochester Hills Kmart (77 jobs lost), ‘perfect Kmart town’ of Port Huron Kmart (188 jobs lost), Flint Kmart on Miller Road (81 jobs lost), Burton Kmart (85 jobs lost), Madison Heights Kmart (179 jobs lost), it’s now official the last remaining Saginaw Kmart (on Gratiot Road) will remain shutdown after its roof collapsed during a snowstorm back in January 2014 (Sears Holdings claims only 18 people worked there at the time of the collapse!), Ann Arbor Kmart (59 jobs lost), Iron Mountain Kmart (54 jobs lost), Bangor Township Sears aka Bay City Mall Sears, the Auto Center was already secretly shutdown some time ago (at least 47 jobs lost), Big Rapids Kmart (about 50 jobs lost). Vacant Wyandotte Sears Auto Center is being renovated at a cost to taxpayers of $1-million & 20-thousand, plus 15 years worth of tax breaks valued at $2-million! Shakopee Kmart distribution center shutdown and sold-off for $17-million in 2013, now it’s finally getting a new tenant; snowmobile and electric cart maker Polaris Industries will rent out a fraction of the building to use as their new parts warehouse. The Kmart Plaza in Sandusky sold to “A group of investors”, no word on what will happen to the Kmart store.

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart, Bemidji Kmart, Monticello Kmart, GGP owned Sears Auto Center in the Apache Mall closed (10 jobs lost), the entire Sears store in the Apache Mall being sold off, Fergus Falls Kmart (40 jobs lost), Fergus Falls Kmart (at least 40 jobs lost), Alexandria Kmart (46 jobs lost), Grand Rapids Kmart (61 jobs lost), Seritage is selling off three Sears Auto Centers in Minnetonka, Brooklyn Center and Saint Paul, Marshall Kmart (57 jobs lost), Oakdale Kmart (77 hourly wage employees losing their jobs, unknown how many salaried employees will become unemployed), Winona Kmart (67 jobs lost), Minneapolis city officials trying to shutdown profit making Nicollet Avenue Kmart, to make way for a new road. Anoka Kmart (47 jobs lost), Blaine Kmart (60 jobs lost), Burnsville Kmart (62 jobs lost), Waite Park Kmart (57 jobs lost), Northeast Minneapolis Sears Hometown & Outlet store now for sale, Coon Rapids Sears Hometown & Outlet store now for sale.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line, Gautier Sears (71 jobs lost), Waveland Gulfport Kmart (32 jobs lost), Pass Road Gulfport Kmart (52 jobs lost), Pascagoula Sears at the Singing River Mall, Olive Branch distribution center (unknown how many jobs lost).

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line, High Ridge Kmart (59 jobs lost), Ellisville Kmart (55 jobs lost), Springfield Kmart on South Campbell Avenue (60 jobs lost), South Belt Kmart (64 jobs lost), Florissant Kmart (100 jobs lost), O’Fallon Kmart (76 jobs lost).

Montana: Missoula Kmart (50 jobs lost), Great Falls Kmart (closed “until further notice” due to fire, 63 jobs on hold), Great Falls Sears store & Auto Center (65 jobs lost) due to great sales (ironically) the shutdown date has been moved from 07 December 2014 to 23 November, Bozeman Kmart (37 jobs lost), Missoula Sears store and Auto Center (57 jobs lost).

Nebraska: Grand Island Kmart (55 jobs lost), Omaha Kmart near West Maple Road (50 jobs lost).

Nevada: Sparks Kmart distribution center (100 jobs lost).

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials, Portsmouth Kmart (30 jobs lost), Claremont Kmart (59 jobs lost).

New Jersey: Lawnside Kmart (about 80 jobs lost), Howell Kmart (57 jobs lost), Berlin Kmart, Dover Kmart (92 jobs lost), Randolf Kmart (91 jobs lost), Paramus Kmart (74 jobs lost), Closter Kmart (102 jobs lost), Vineland Kmart (74 jobs lost).  After 18 years Sears Holdings shutdown their Roselle Sears Hardware store due to “landlord issues”

New Mexico: Las Cruces Kmart (58 jobs lost), Albuquerque Kmart on Central SW (80 jobs lost), Rio Rancho Kmart (59 jobs lost).

New York: Lindenhurst Sears Hardware, North Babylon Sears Hardware, Hauppauge Sears Hardware, Depew (Lancaster?) Kmart (68 jobs lost), Colonie Kmart (72 jobs lost), Fulton Kmart (51 jobs lost), Clifton Park Kmart (74 jobs lost) now revealed to be turned into a Town Center with more than 200 apartments at an estimated cost of $50-million, Latham Kmart (61 jobs lost), East Greenbush-Rensselaer Kmart (70 jobs lost), Tonawanda Sears Appliance and Hardware, Bronx Sears (91 jobs lost), BBN reader reported that the Ithaca Sears and Auto Center shutdown and one month later it’s been officially confirmed (at least 37 jobs lost), DeWitt Kmart (92 jobs lost), Auburn Sears (51 jobs lost), Massena Sears and Auto Center (51 jobs lost), Staten Island Mall Sears leased out to Ireland’s Primark, Bay Shore Sears and Sears Auto Center (144 jobs lost), New Hartford Sears & Auto Center (109 jobs lost), Lancaster Kmart sold for $1.7-million to Dave’s Christmas Wonderland. Herkimer Sears Hometown, Saranac Lake Sears Hometown the ‘independent’ co-owners said Sears Holdings forced them to shutdown. Melville Appliance Repair Division (31 jobs lost).

North Carolina: Cary Kmart (71 jobs lost), High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, Durham Kmart (79 jobs lost), Asheville Kmart (53 jobs lost), West Smithfield Kmart (59 jobs lost), Winston-Salem Kmart (69 jobs lost), Hendersonville Kmart (58 jobs lost), South Ashville Kmart on Hendersonville Road, Raleigh Kmart (88 jobs lost), Garner Kmart, Cleveland County mall Sears (56 jobs lost), Charlotte Kmart (89 jobs lost), Conover Kmart (74 jobs lost), Raleigh Kmart on Capital Boulevard (53 jobs lost), High Point Kmart (71 jobs lost), Boone Kmart (41 jobs lost), Greensboro Kmart (96 jobs lost), Gastonia Sears store & Auto Center (65 jobs lost), Kinston Kmart (64 jobs lost), Cary Sears (66 jobs lost), Greensboro Kmart distribution center (130 jobs lost), Greenville Kmart (75 jobs lost), Kinston Sears Hometown Store shutdown with little notice, Lexington Sears Hometown Store.

North Dakota: Jamestown Kmart (45 jobs lost), Dickinson Kmart (41 jobs lost, despite a “Now Hiring” sign on the front of the store).

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Columbus Sears/Great Indoors, Zanesville Sears (67 jobs lost), Trotwood Kmart (71 jobs lost), Austintown Sears auto parts and service on Interstate Boulevard, London Kmart (no word on number of jobs lost), Trotwood Sears (67 jobs lost), Westlake Kmart/Sears (at least 57 jobs lost), Xenia Kmart (at least 57 jobs lost), Norwalk Kmart (52 jobs lost), Blue Ash Kmart (77 jobs lost), Northwood Sears at Woodville Mall (36 jobs lost), Conneaut Kmart (43 jobs lost), Anderson Township Kmart (71 jobs lost), Brooklyn Kmart (200 jobs lost), Columbus Lockbourne Industrial Parkway Sears distribution center (200 jobs lost), also in Columbus, Sears Product Rebuild-Call Center (112 jobs lost), Marion Sears Auto Center (at least nine jobs lost), Springfield Kmart #3767 (68 jobs lost), Fairborn Kmart (66 jobs lost), Solon Sears & Auto Center (at least 53 jobs lost), Tiffin Sears Hometown Store. Also, Van Wert Sears franchise bought out by Kirk Berryman, owner of Computer & Networking Technologies (CNT), who plans on moving the store to a new location. Fairlawn Sears Appliance & Hardware, Macedonia Sears Appliance & Hardware, Lorain Sears Appliance & Hardware, Elyria Sears Appliance & Hardware, North Olmsted Sears Appliance & Hardware, Sheffield Village Sears Appliance & Hardware, Akron Sears Appliance & Hardware.

Oklahoma: Oklahoma City Sears (98 jobs lost, GGP owned, GGP wants a $2 million sales tax rebate, claiming it’s needed to offset capital investments needed to bring the space up to the standards for potential new tenants), Shawnee Sears (31 jobs lost), Sand Springs Kmart (52 jobs lost), Muskogee Sears (60 jobs lost), Enid Sears and Auto Center (at least 38 jobs lost), Tulsa BigKmart (51 jobs lost).

Oregon: Roseburg Sears (at least 40 jobs lost), Tualatin Kmart Center (new property owner from California is tearing everything down for new shopping center, so far no indication the Kmart will be part of the new shopping center), Milwaukie Kmart (61 jobs lost), Coos Bay Kmart (25 jobs lost), Bend Sears (48 jobs lost), Klamath Falls Kmart (64 jobs lost), Albany Kmart (64 jobs lost), Portland Sears Homes Services (no notice), Albany Sears (57 jobs lost), in October a BBN reader warned that Oregon City Kmart was being quietly shutdown, confirmed on 06 November 2014 by Sears Holdings (70 jobs lost). Ontario Kmart (55 jobs lost).

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears, Warminster Kmart (85 jobs lost), Shippensburg Kmart (46 jobs lost), Moon Kmart (143 jobs lost), Bethlehem Township Kmart (62 jobs lost), Philadelphia Gallery Mall Kmart (120 jobs lost), Philadelphia Kmart on Orthodox Street and Castor Avenue (169 jobs lost), Levittown/Middle Township Kmart (87 jobs lost), Waynesboro Kmart (43 jobs lost), Sanatoga-Lower Pottsgrove Kmart (65 jobs lost, the store was also advertising for new hires!), West Mifflin Sears store & Auto Center (88 jobs lost), Rochester Kmart (78 jobs lost), Frazer (Pittsburg Mills Mall) Sears and Auto Center (97 jobs lost), Bloomsburg Sears (57 jobs lost), Frackville Sears and Auto Center (84 jobs lost), North Cornwall Township Sears (51 jobs lost), King of Prussia Sears and Auto Center (no word on number of jobs lost), Lebanon Sears (51 jobs lost), Scotland Chambersburg Mall Sears and Auto Center (62 jobs lost), the upper level of the Willow Grove Mall Sears store to be leased by Primark, King of Prussia Sears store leased out to clothing retailer Primark, East Towne Mall Kmart (51 jobs lost), Frackville Kmart in the Skuylkill Mall (80 jobs lost), Mount Pocono Kmart (66 jobs lost), Fairless Hills Sears Hardware. Granite Run Mall shutdown, meaning the Sears and Sears Auto Center now apparently on a month to month (possibly day to day) lease are soon to follow. Brookhaven Kmart (89 jobs lost).

Puerto Rico: Vega Baja Kmart (206 jobs lost).

South Carolina: Sumter Sears (at least 40 jobs lost), Orangeburg Sears (57 jobs lost), Columbia Kmart on Fort Jackson Boulevard in 2012, Columbia Kmart on Bush River Road in 2009, Columbia Kmart on St Andrews Road (66 jobs lost), Irmo Kmart (no info on how many jobs lost), both Greenville Kmarts (140 jobs lost between the two), Mount Pleasant Kmart (43 jobs lost), Harbison Sears & Sears Auto Center in the Columbiana Centre mall (97 jobs lost), Aiken Sears & Sears Auto Center (at least 54 jobs lost), Inlet Square Mall Kmart (50 jobs lost), West Ashely Kmart (69 jobs lost), Myrtle Beach Kmart (59 jobs lost), Easley Kmart (62 jobs lost).

South Dakota: Spearfish Kmart (51 jobs lost), Sturgis Kmart (57 jobs lost).

Tennessee: Antioch Sears (at least 40 jobs lost), Cleveland Sears (at least 40 jobs lost), Oak Ridge Sears (at least 40 jobs lost), Hendersonville Kmart (at least 40 jobs lost), Morristown Sears (about 70 jobs lost), Clinton South Kmart, Franklin Cool Springs Galleria Sears (92 jobs lost), Memphis Hickory Ridge mall Sears (job loss data not revealed), 48 years old Nashville Kmart on Nolensville Pike to close by January 2014 (57 jobs lost), Franklin Kmart (33 jobs lost), Dickson Kmart (65 jobs lost), talks in progress to end lease for Bellevue (Nashville) Center Mall Sears, Nashville Bellevue Center Sears & Auto Center (at least 44 jobs lost).

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost), Farmers Branch Sears/Great Indoors, Houston Sears Great/Indoors, Dallas Sears home appliance parts distribution center (77 jobs lost), Simon Property Group owned McAllen Sears store & Auto Center (so far no word on how many jobs will be lost), recently revealed Palestine Sears Hometown (franchise owner quit to work as assistant manager at a local Dollar General).  Wichita Falls Sears (56 jobs lost right before Xmas).

Utah: Murray Sears (for some reason Mormon controlled news media in Utah never reported the closure, but they reported that the building was demolished), Orem Kmart (no details reported), Woods Cross Kmart (54 jobs lost), Provo Kmart demolished in anticipation of yet another AtHome furniture store.

Vermont: Rutland Sears store & Auto Center (65 jobs lost),  South Burlington Kmart (66 jobs lost).

Virginia: Norfolk Sears (at least 40 jobs lost), Midlothian Kmart (at least 40 jobs lost), Richmond Kmart (at least 40 jobs lost), Lynchburg Sears (84 jobs lost), Fairfax Kmart (no word on how many jobs lost), Christiansburg Sears (59 jobs lost), Norfolk Kmart on East Little Creek Road (77 jobs lost), Manassas Kmart (71 jobs lost), Stafford Sears Hometown, Newport News-Denbigh Kmart (at least 50 jobs lost), Wise Kmart (58 jobs lost), Harrisonburg Kmart (79 jobs lost), Winchester Kmart (91 jobs lost), Dale City Kmart (69 jobs lost), Chesapeake Sears and Auto Center (82 jobs lost), Front Royal Kmart (88 jobs lost), Pembroke Mall Sears renting out part of their store to DSW & Nordstrom Rack, Sears Holdings say they’re still looking for a “third tenant” for their occupied space. The current nearby Sears Auto Center will be rented out to REI. Colonial Heights Kmart (113 jobs lost), Virginia Beach Hilltop Square Shopping Center Kmart (82 jobs lost).

Washington: Walla Walla Sears Full line (in August 2012, it was reported that an independent owner of Sears Hometown stores will open a store in Walla Walla), Lacey Kmart (at least 40 jobs lost), Kelso Sears (47 jobs lost), Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost), Seattle Kmart (85 jobs lost), East Wenatchee Sears (59 jobs lost), Puyallup Kmart (51 jobs lost), Oak Harbor Kmart (68 jobs lost), Sodo Sears and Sears Auto Center (79 jobs lost), Everett Kmart (65 jobs lost), Marysville Kmart (at least 40 jobs lost).

West Virginia: Oak Hill Kmart (59 jobs lost), Morgantown Kmart (100 jobs lost), Bluefield Sears store & Auto Center (64 jobs lost).

Wisconsin: West Baraboo Sears (at least 40 jobs lost, local village officials say the store generated 3% of local tax collections), Rice Lake Kmart (about 71 jobs lost), Brookfield Kmart (56 jobs lost), Racine’s Regency Mall Sears (52 jobs lost), Fort Atkinson Kmart (51 jobs lost), Greenfield Kmart (107 jobs lost), Portage Kmart (78 jobs lost) and Hales Corner (129 jobs lost), Chippewa Falls Kmart (79 jobs lost), Menomonie Kmart (at least 50 jobs lost), Ashwaubenon Kmart recently revealed now owned by Green Bay Packers, will be torn down (80 jobs lost), Shawano Kmart (55 jobs lost), Fond du Lac Sears (42 jobs lost), Glendale Sears store & Auto Center (86 jobs lost), Janesville Kmart (70 jobs lost), Glendale Sears Rebuild center (67 jobs lost), Sheboygan Sears & Auto Center (at least 31 jobs lost), Eau Claire Kmart (93 jobs lost), Plymouth Kmart (59 jobs lost before Xmas), Sheboygan Sears Rebuild Center (30 jobs lost), Wauwatosa Kmart (103 jobs lost).

On top of that, Sears Holdings sold stores to General Growth Properties (GGP), of which it has been reported that most of those stores will be closed.

Here’s the list of 11 Sears stores now owned by GGP:

Iowa: Coral Ridge Mall (it’s official the Sears is closing, see above), and Mall of the Bluffs

Texas: The Woodlands Mall (this does not involve the two repair centers being closed by Sears)

Florida: West Oaks Mall

Utah: Fashion Place, and Provo Towne Centre (note the evil British empire way of spelling town & center. Due to a favorable lease agreement the GGP owned Provo Sears will continue to stay open under Sears Holdings management)

Oklahoma: Quail Springs Mall (it’s official, the Sears closed, see above)

Hawaii: Ala Moana Center (closed, see above)

Washington: Bellis Fair Mall (Bellingham store, see above)

Minnesota: Apache Mall (see update above, GGP will close Sears store by 2014)

Illinois: Market Place Shopping Center (see update above, GGP closing store)

Destroy U.S. Dollar: IMF welcomes Chinese yuan!

01 December 2015 (00:56 UTC-07 Tango 01)/10 Azar 1394/18 Safar 1437/20 Ding-Hai 10th month 4713

“In the next ten to 20 years it will be the currency of the world.”-Helen Mak, Hong Kong business woman

Washington DC based International Monetary Fund (IMF) now includes the Chinese yuan-renminbi-RMB as part of its Special Drawing Rights reserve currencies.  This is monumental considering the Chinese government began promoting the yuan for global trade just eight years ago.

The IMF is giving the yuan a ‘weight’ of 3rd, right after the U.S. dollar and European Union euro.  Japan’s yen is 4th.

Destroy U.S. Dollar: U.S. petrodollar meet the new Iran Petroleum Contract! 

More ‘Green’ companies bite the eco-dust! More taxpayer rip-off artists! No more free money for Too Big to Jail banks? : U.S. Job Losses & Closings 28 – 30 November 2015

California:  After only 17 months in office The Golden State’s Gas Supervisor for the Conservation Department Division of Oil, Gas and Geothermal Resources resigned after being accused of using state resources to find out if gov’na Jerry Brown’s ranch had any sizable oil deposits!  In Bakersfield, oil field company Brinderson announced they will eliminate 329 jobs between now and February 2016!

Connecticut: In Branford, after 43 years Mario-Joseph’s Men’s Clothing Store shutting down in December, the owners are retiring.

Delaware: Wilmington based chemical company Chemours continues eliminating jobs, this time 4-hundred people globally, blaming continued sales declines.

Idaho:  Administrators in Burley warn that the J.R. “Jack” Simplot Airport could shutdown in 2016, if it doesn’t get more help from impoverished federal and state taxpayers.   The Federal Aviation Administration says the small and deteriorating airport will be shutdown due to its short runways.  The only way to save it is to move it to a new location, but so far every possible location has brought up new legal issues.  In Boise, desperate gov’na Butch Otter met with administrators of the Central Asian country of Azerbaijan.  No details were publicised about what was discussed.  For proof the state government has failed with its SNAP (food stamps) allocations, fuel station Stinker Stores donated $20-thousand USD to the Idaho FoodBank, along with $50-thousand from customers of Stinker Stores.   The League of Women Voters of Idaho is demanding a reduction in state sales tax.  They’ve launched a ballot initiative to drop it by 1%, from 6% to 5%.  Gee, when I first moved to Idaho in the late 1990s it was 5%.  I remember when the state ‘elected’ lawmakers told us the increase to 6% was “temporary”, then suddenly it became permanent.  In Idaho Falls, the Guns and Gear store reports increased training of individuals for the state concealed carry license: “The concealed-carry class is getting busier and busier. I’ve been doing three a month here at the store. I usually run anywhere from 12 to 15 students. In the last two weeks we’ve filled all the courses.”-Pete Italiano

Illinois:  Yet again farm equipment maker Deere & Company (John Deere) eliminating hundreds of jobs.  An additional 220 people will be let go from the Deere factory in Moline, starting in February 2016!  Administrators continue to blame crashing sales to farmers.

Louisiana: Flint Energy Services eliminating 55 jobs in Haynesville.   What recovery from Hurricane Katrina? In New Orleans, Jacobs Technology/NASA eliminating 195 jobs at its Michoud Assembly Facility!

Maryland: In Hagerstown, after more than 80 years (surviving the Great Depression and numerous recessions) Superior Ice Cream and Snack Bar shutting down after Xmas.  The current owner blames financial reasons.  After 61 years Bel Air Bakery shutting down in December saying they need “more time to care for ourselves”. 

Massachusetts: Baystate Health eliminating as many as 40 jobs and consolidating inpatient care, blaming ObamaCare.

Minnesota: In Baxter, after 36 years the Bonanza Steakhouse (I worked at one in Abilene, Texas, back in the 1980s before they switched to all-u-can eat buffet, and the management were idiots! they begged me not to quit because they knew the majority of their employees were lazy asses!) shutting down right before Xmas, 35 jobs lost.  

Mississippi: Merit Health Natchez laid off 13 people.

Montana: The Whitehall gold mine suddenly laid off 135 employees!   The mine is owned by British empire Canada based Barrick Gold Corporation, which blamed crashing gold prices.

New Jersey:  Saint Mary’s General hospital laid off an undisclosed number of employees, blaming ObamaCare (Patient Protection and Affordable Care Act) on greatly reducing overnight customers.

New York:  In Lake Grove, Service America Corporation issued a shutdown WARN affecting their Centerplate-John Harvard’s Brew House restaurant ops, at least 56 people unemployed by February 2016.  Yet another law firm goes down, in NYC Jaffe & Asher issued a layoff WARN saying at least 75 people will become unemployed by February 2016.  Too Big to Jail Morgan Stanley will eliminate 25% of its bond and currency trading jobs!   Despite getting a four years local taxpayer funding deal to prevent layoffs it’s been revealed that government contractor Advanced Energy Systems, in Medford, actually eliminated at least 15 jobs in 2014.

Oregon: Yet another alternative energy company fails, Klamath Basin Geopower now chapter 7 bankrupt busted.  Local news reports say company administrators are ignoring their phone calls.

Pennsylvania: After 11 years the Flashpoint Theatre Company shutting down in 2016, due to crashing sales.

Texas:  Bowie Memorial Hospital has ceased to exist after cash strapped taxpayers voted down a funding initiative.  138 hospital employees and another 336 ‘outside’ jobs lost!     In the Houston area, Sulzer Pumps shutting down its Brookshire plant and moving to Oregon, 115 jobs lost!   Switzerland owned oil service company Noble Corporation eliminating up to 130 jobs due to lack of oil rig contracts!

Washington: Without warning recycler JACO Environmental laid off 154 people at two locations!  A WARN was given to the state the day after the layoffs began.  According to American Metal Market, JACO is now defunct.  A news report out of Rhode Island confirms JACO suddenly ended its recycling ops, and says people who were expecting $50 recycling checks in the mail for their old refrigerators will get diddly squat instead!  JACO has operations around the U.S. so I expect their shutdown to be nation wide.

Washington DC: The U.S. Federal Trade Commission is threatening the halt the merger between Office Depot and Mitt Romney created Staples.  The FTC wants “concessions” to prove the merged companies will not create a monopoly.  Rest assured this will not delay the ongoing store shutdowns.  The Federal Reserve (government created ‘jewish’ run central bank) ended its free money ‘lending’ program for Too Big to Jail banks!

26-27 November 2015: “I feel sick.”

WARN=Worker Adjustment & Retraining Notification

Former employees who receive severance are not counted as unemployed

The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”

False Flag: NATO Turkey arrests their own police for stopping weapon shipments to Islamic State!

30 November 2015 (01:15 UTC-07 Tango 01)/09 Azar 1394/17 Safar 1437/19 Ding-Hai 10th month 4713

The U.S. backed Turkish government has arrested the Border Gates Police who gave the news media video showing illegal arms shipments heading toU.S., EU, Saudi and Israeli created Islamic State-DAIISH (DA for al-DAwla, I for al-Islamiya, I for al-Iraq, SH al-SHam [al-Sham=Syria]).  The police also halted those shipments, several times this year.

Ankara regional police Major General Ibrahim Aydin, former Brigadier General Hamza Celepoglu and former Colonel Burhanettin Cihangiroglu are now charged with treason!

Turkey arrest 2 reporters for revealing False Flag operation to support Islamic State! 

False Flag: ‘Syrian rebel’ boasting of killing Russian pilot is NATO Turkey operative, son of Turkish mayor! 

False Flag: Russia accuses NATO Turkey of conducting “industrial scale” oil deals with Islamic State!

False Flag: Italian cops stop Mormon designed shotguns coming from NATO Turkey & Winchester! 

World War 3: NATO Turkey admits they have body of Russian pilot!

29 November 2015, 17:26 UTC-07 Tango 01 (09 Azar 1394/17 Safar 1437/19 Ding-Hai 10th month 4713)

Turkish premier Ahmed Davutoglu admitted they have the body of the Russian Sukhoi 24 pilot murdered by U.S. led NATO supported rebels as he parachuted from his aircraft.

Vehicle ID, CASA (now part of Airbus) CN-235-100M taking off from Turkey to deliver body of Russian pilot to Russia:

German news media supports Russia’s accusations that Turkey buys oil from Islamic State! 

False Flag: ‘Syrian rebel’ boasting of killing Russian pilot is NATO Turkey operative, son of Turkish mayor! 

World War 3: ‘Moderate’ rebels admit they violated international law and murdered the pilots! 

Turkey arrest 2 reporters for revealing False Flag operation to support Islamic State! 

World War 3: German Luftwaffe training in United States, preps for invading Syria!

29 November 2015, 17:08 UTC-07 Tango 01 (09 Azar 1394/17 Safar 1437/19 Ding-Hai 10th month 4713)

The German Chief of Staff told German news media that the planned deployment of Tornado recon aircraft to Iraq, for use against Syria, will also require at least 1-thousand 2-hundred military personnel to support U.S. led anti-Islamic State actions, adding that the deployment could “occur very rapidly after mandating.”

Vehicle ID, Luftwaffe Tornado training at Holloman AFB, New Mexico:

The actual purpose of the increasing NATO action in Syria is not about taking-out Islamic State-ISIS-ISIL-DAIISH (DA for al-DAwla, I for al-Islamiya, I for al-Iraq, SH al-SHam [al-Sham=Syria]), but about removing the democratically elected government of Syria.

Walmart bakes ISIS cake, but refuses to bake Rebel Yell cake! 

World War 3: U. S. Special Forces invades Syria!

World War 3: Germany deploys 650 combat troops to Mali! 

False Flag: Ice Core samples prove Climate Change not “self inflicted”!

29 November 2015 (15:38 UTC-07 Tango 01)/08 Azar 1394/16 Safar 1437/18 Ding-Hai 10th month 4713

CNN posted an opinion piece which stated that Climate Change (remember when these mainstreamer news weenie heads called it Global Warming?) is “self inflicted” by us humans.  Pay attention, all the main stream news sources are going to be ramping up their call for the end of so called human caused climate change, because the United Nations Framework Convention on Climate Change (UNFCCC) is underway now.

French COP21 demonstrations despite Martial Law banning public demonstrations:

 

It’s actually known as COP.  When did you first hear of Global Warming or Climate Change?  The acronym COP comes from the first ever (elitist dominated) meeting on climate change back in 1995, COP stands for Conferences of the Parties.

Neo-imperialist Japan’s NHK (Nippon Housou Kyoukai/Japan Broadcasting Corporation) has always been a promoter of the idea that we humans need to do something about climate change, but in their latest documentary they interview a U.S. ice core scientist in Denver, Colorado, who uses the ice core sample to prove that radical climate change has happened before and at a time when humans could not have had anything to do with it!

At the end of part one of NHK’s Flood: A Global Menace for Coastal Cities (if you search for this report be warned, I’ve seen several reports from around the world with the same title), samples at the U.S. National Ice Core Laboratory reveal that 11-thousand 7-hundred years ago (right after The Great Ice Age ended) the Earth experienced five years of radical climate change, with the average air temperature jumping by 10 celsius (50 fahrenheit)!  The humanoids living then had nothing to do with that and could do nothing to prevent it.  They survived it as best they could, lest we not be here today.

Do research on just who is organizing, attending and leading these COP meetings and I’m sure you’ll discover they’re a bunch of elitists with ulterior motives, the most obvious is how to make money off it (the more nefarious motive is to greatly reduce the human population of the Earth).

But wait don’t take NHK’s word for it.  In 2012 a report about the use of ice cores said the ancient records of Global Warming don’t jive with the sermones coming from the mouths of the false prophet COP scientists: “Comparing the global set of temperature records with the levels of CO2 in the ancient air bubbles trapped in ice cores reveals that global average temperatures started to rise at least a century after CO2 levels began to creep up. That’s the reverse of what seems to have happened in Antarctica, where warming temperatures precede rising CO2 levels. But that local warming may be explained by this shutdown of ocean currents as a result of massive glacial melt in the Northern Hemisphere…..    ……there was a change in the relative strength of the sun roughly 20,000 years ago thanks to variations in the planet’s orbit….ice cores from Greenland suggest there was an even larger warming event in the north roughly 60,000 years ago…..     ‘…..the only thing changing in the Northern Hemisphere [20,000 years ago] were these orbital changes’ that affect the amount of sunlight striking the far north…..  ….where the extra carbon dioxide came from remains unclear……What Thawed the Last Ice Age?, Scientific American

What Global Warming? Saudi Arabia hit with unprecedented Ice Storm, dozens killed or wounded! 

False Flag: VW intentionally sacrifices Diesel because Trilateral Commission elite oil family Rockefeller dumps all their oil stocks (which starts the decline in oil prices)!

What Global Warming? Record low Beer sales hit Japan 

Global Warming, Ice Age? Japan study shows Warming starts inside the Earth. Tropical Vietnam hits 25 Fahrenheit!!! 

What Global Warming? Record snowfall in Japan will help clear radiation contamination. Don’t eat the yellow snow!

Failed State: U.S. Navy sinking under its own weight!

29 November 2015 (02:47 UTC-07 Tango 01)/08 Azar 1394/16 Safar 1437/18 Ding-Hai 10th month 4713

Center for Strategic and Budgetary Assessments issued a report saying the United States Navy (which includes the Marine Corps) is sinking under its own weight, not because of the massive amounts of hardware in its inventory, but the lack of it!

The report basically says the U.S. Department of the Navy is being tasked by the Obama regime to take on more operations than it is physically able to!

The report says currently the USN has 271 ships compared to 333 in 1998.   49.8% of enlisted personnel and 65.5% of officers are overwhelmed.

The reports says the answer is to both increase the hardware and staffing of the USN & USMC, and pull back from international actions!

World War 3 Afghanistan, 11 – 15 June 2014: You paid to create a Navy in landlocked Afghanistan! 

Obama signs record military spending bill, then says spending needs to be cut. 

World War 3, weapon ID: Iran Navy upgrade with new anti-ship missiles!

29 November 2015 (02:34 UTC-07 Tango 01)/08 Azar 1394/16 Safar 1437/18 Ding-Hai 10th month 4713

Iran is uploading new domestically produced anti-ship missiles called Qadir (Almighty).

The missile was unveiled back in March and is claimed to have a 300km (186 miles) range.  Iranian military administrators claim the Qadir (which can be air, land or sea launched) cannot be electronically jammed.

World War 3, vehicle ID: Moskva arrives along Syria’s coastline! 

Destroy U.S. Dollar: U.S. petrodollar meet the new Iran Petroleum Contract!

29 November 2015 (01:44 UTC-07 Tango 01)/08 Azar 1394/16 Safar 1437/18 Ding-Hai 10th month 4713

“We do not claim that this is an ideal and flawless scheme but it can address the needs of both National Iranian Oil Company and international oil companies.”-Bijan Namdar Zanganeh, Iranian Oil Minister

Iran has unveiled a new way to destroy the U.S. dollar, the Iran Petroleum Contract.

The new oil purchasing system is targeted towards customers in Europe and Asia.  It includes oil companies Total, Royal Dutch Shell (aka Shell), evil British Petroleum (aka BP), Statoil, Repsol, Sinopec as well as companies from India, Pakistan and Oman.

The new Iran Petroleum Contract replaces their older ‘buyback’ system.

Why is this important to the U.S. dollar?  It’s called the petrodollar system, created by the U.S. in 1973 (note that is when oil prices started skyrocketing), is actually centered in London.  The Nixon created petrodollar deal involves the New York Mercantile Exchange (aka NYMEX, aka Commodities Exchange.  Now controlled by CME Group), and London’s International Petroleum Exchange, or IPE.

Destroy U.S. Dollar: Russia & Iran to use their own cash!