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Theft

Theft Is Now Costing Retailers in the United States About 100 BILLION Dollars a Year

by Michael Snyder
May 20, 2023

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If we don’t fix this, will the retail industry be able to survive?  There has always been shoplifting, but in the old days it was at a level that made it only a minor nuisance to the big box retailers.  Unfortunately, now everything has changed.

Highly organized gangs have developed extremely sophisticated plans for how to rapidly loot our major retailers, and the best ones can be in and out in just minutes.  Those goods are then resold online or in the streets, and the amounts that we are talking about are absolutely staggering.  In fact, as you will see below, theft is now costing retailers in this country about 100 billion dollars a year.

This week, Target made headlines all over the nation when it publicly admitted that theft will cost it 500 million more dollars than it did last year…

Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago.

Target’s inventory loss, called shrink, totaled about $763 million last fiscal year, based on calculations from the company’s financial filings. With the anticipated increase, shrink this year would surpass $1 billion.

Let’s do some math. 763 million from last year plus 500 million more this year equals 1.263 billion dollars. Please keep in mind that this is just one chain.

As Target CEO Brian Cornell openly admitted earlier this week, organized retail crime has become a massive problem “across the entire retail industry”…

‘The unfortunate fact is violent incidents are increasing at our stores and across the entire retail industry. And when products are stolen, simply put they are no longer available for guests who depend on them.

‘Left unchecked, organized retail crime degrades the communities we call home. As we work to address this problem, the safety of our guests and our team members will always be our primary concern.

‘Beyond safety concerns, worsening shrink rates are putting significant pressure on our financial results,’ CEO Brian Cornell said on a call with reporters.

In the entire history of our nation, we have never seen anything quite like this.

Do you remember all the looting that we witnessed during the riots of a couple years ago?

Well, now the looting literally never stops, and it has become very sophisticated…

Advisor Bullion Numismatics

According to the NRF report, which conducted its latest assessment in partnership with global risk advisory firm K2 Integrity, these organized retail crime groups “primarily favor large national retailers and big-box retailers, and cargo shipments for booster operations.” They are also more likely to target everyday consumer goods rather than luxury products. Based on an analysis of 116 groups, 81% exclusively stole general consumer goods.

These groups have also been planning out their booster operations in advance by studying store layouts, camera and exit locations, understanding the types of anti-theft precautions and knowing the different store policies for stopping suspected thieves, the report said. Boosters are known as the individuals who are paid to commit theft on behalf of these groups.

In 2020, theft cost U.S. retailers 90.8 billion dollars, and that number increased to 94.5 billion dollars in 2021…

Last year, a survey from the National Retail Federation, an industry group, found that so-called “shrink” — or losses attributed to theft, fraud or employee error — amounted to $94.5 billion in losses in 2021. That was up from $90.8 billion in 2020. And the survey found that retailers reported a 26.5% increase in organized retail crime, on average.

The final number for 2022 is expected to be somewhere around 100 billion dollars, and the final number for 2023 is expected to be way above 100 billion dollars.

For a while, major retailers tried to weather the storm because they had invested so much money in these stores.

But now retailer after retailer is shutting down locations in the cities where organized retail crime is the worst.  In fact, even Walmart is now shutting down stores in the most troubled areas…

Walmart decided to shut 17 of its stores across nine states after CEO Doug McMillon warned in December that theft was the highest it’s ever been around the country and if it did not slow down, stores would have to close.

And the company announced on Tuesday it would be shutting half its Chicago stores, mostly located on the crime-ridden city’s south and west sides, because they are losing tens of millions each year.

So where do we go from here?

That is a very good question, because conditions in many of our major cities just continue to get worse and worse.

For example, an 83-year-old Vietnam veteran says that he actually felt safer walking the streets of Saigon than he does walking the streets of Portland…

‘I felt safer when I was walking around in downtown Saigon when I was in Vietnam than I do here in Portland,’ 83-year-old Vietnam veteran Armand Martens told Fox 12 Oregon about a homeless camp where people were using drugs and setting fire to properties.

Martens told how his neighbors have been terrorized by squatters who set up camp next door to their home and even set their property on fire.

So far, more than 2,600 businesses have left downtown Portland.

We aren’t just talking about a handful of businesses that have decided that it is time to look for greener pastures. What we are witnessing is literally a “mass exodus”, and that is because Portland now resembles a Mad Max movie…

Real estate developer Dustin Michael Miller told ‘Fox & Friends First’ that he’s moving his company out of Portland after his office was targeted in a rain of bullets in an incident he described as ‘absolute madness’.

‘It’s not uncommon to see homeless people running around the city with axes and machetes, and it’s just a common thing that nobody does anything,’ Miller said. ‘You call the police, and it’s very rare that they show up.’

Of course the exact same thing could be said about many other large cities.

Happy Days star Scott Baio has admitted that he has decided to sell his home and leave Los Angeles for good because the city has literally become “unlivable”…

The actor said he has been ‘forced out’ of his $3.85million home in Woodland Hills, LA, because the city has become ‘unlivable’, citing the homeless doing drugs on the sidewalk in the middle of the day, crime being ‘out of control’, and ‘graffiti on everything’.

‘Between the homeless defecating on the sidewalk, doing drugs on the sidewalk in the middle of the day, illegal aliens all over the place, law means nothing, crime is out of control, graffiti on everything… all of my tax dollars, I don’t know what they go for,’ Baoi said.

This is our country now.



We have been eagerly embracing evil for decades, and as a result we now have evil all around us.

I wish that I could tell you that things will be much better a couple years from now. But I can’t do that, because it isn’t true.

In fact, as economic conditions deteriorate it is likely that the looting will go to an entirely new level. Decades of very bad decisions have brought us to this point, and now we are paying a very great price for our foolishness.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

Article cross-posted from The Economic Collapse Blog.

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Safeguarding Your American Dream: Discover the Power of America First Healthcare

America First Healthcare

In today’s economy, healthcare costs remain one of the biggest threats to financial stability and family security. Americans work hard to build a better life, yet rising medical expenses can quickly erode savings, force tough trade-offs, and even push families toward debt or bankruptcy. Medical bills continue to rank as the leading cause of personal bankruptcy in the United States, with millions facing underinsurance or unexpected out-of-pocket burdens that no one plans for. Many turn to government-run marketplace plans under the Affordable Care Act, hoping for relief, only to discover that what appears affordable on paper often delivers higher long-term costs, limited real protection, and coverage that may not align with personal values or family needs.

America First Healthcare stands out as a private insurance agency dedicated to helping conservatives and families secure better coverage and better rates through customized, values-aligned options. By conducting free insurance reviews, the agency uncovers hidden gaps in existing policies and connects clients with private alternatives that emphasize personal responsibility, small-government principles, and genuine affordability—often delivering up to 20% savings while providing stronger protection for the American Dream.

The allure of marketplace plans is easy to understand: open enrollment periods, premium tax credits for many households, and the promise of “comprehensive” benefits mandated by law. Yet recent data reveals a different reality, especially after the expiration of enhanced premium subsidies at the end of 2025. Enrollment for 2026 dropped by more than one million people compared to the prior year, with many shifting to lower-tier bronze plans to keep monthly premiums manageable.

These plans feature significantly higher deductibles—averaging around $7,500 nationally—and greater cost-sharing requirements. Families who once paid modest amounts after subsidies now face average premium increases of $65 or more per month, even as they accept plans that leave them responsible for thousands in upfront costs before meaningful coverage kicks in.

High deductibles create a dangerous barrier to care. Studies show that people in such plans are less likely to seek timely treatment for chronic conditions, attend preventive screenings, or fill necessary prescriptions. A seemingly minor illness or injury can balloon into major expenses when patients delay care until problems worsen. For a family of four, a single hospitalization, cancer diagnosis, or unexpected surgery can easily exceed the deductible, triggering coinsurance and out-of-pocket maximums that still leave substantial bills. One recent analysis noted that some proposed changes could push family deductibles toward $31,000 in future years, further exposing households to financial risk.

Beyond the numbers, marketplace plans often carry structural limitations. Coverage for certain critical services may include waiting periods or narrower networks that restrict access to preferred doctors and specialists. Preventive care is required to be covered without cost-sharing, but everything else—lab work, imaging, specialist visits, or ongoing treatment—typically waits until the deductible is met. This reactive model contrasts sharply with the proactive, holistic approach many families prefer, especially those focused on wellness, early intervention, and maintaining health to enjoy life rather than merely reacting to illness.

Values alignment represents another growing concern. Government-influenced plans operate within a framework shaped by federal mandates and political priorities that may not reflect conservative principles of limited government, personal freedom, and ethical stewardship. Families who want to direct their healthcare dollars toward providers and benefits that honor traditional values sometimes find marketplace options feel misaligned, forcing a compromise between affordability and conviction.

Private alternatives, by contrast, offer year-round flexibility without the restrictions of open enrollment windows. Independent agents can shop across a wider range of carriers to design plans tailored to specific family needs—whether that means lower deductibles for frequent medical users, broader provider networks, or add-ons that support wellness and preventive services from day one. Clients frequently report more stable premiums that do not automatically escalate each year, along with genuine cost savings once the full picture of deductibles, copays, and coverage depth is considered.

Take the experience of real families who made the switch. Amanda C. shared that her new plan felt “way better” than what she had through the marketplace. Johnny Y. noted his previous coverage kept increasing annually until he found a more stable private option. Sofia S. expressed delight with her plan and began recommending it to others. These stories echo a common theme: when families move beyond one-size-fits-all government marketplaces, they often discover customized protection that better safeguards both health and finances.

Founder Jordan Sarmiento’s own journey underscores the stakes. In 2021, a six-day hospitalization generated a $95,000 bill. Under a well-structured private “Conservative Care Coverage” plan, his out-of-pocket responsibility would have been just $500. That stark difference illustrates how thoughtful planning and private options can prevent a medical event from becoming a financial catastrophe.

Practical steps exist for anyone questioning their current coverage. Start with a no-obligation review of your existing policy to identify gaps—high deductibles, limited critical-care benefits, or escalating premiums. Compare total projected costs (premiums plus potential out-of-pocket expenses) rather than monthly premiums alone. Consider family health history, anticipated needs, and lifestyle priorities. Private agencies can present side-by-side options that include stronger wellness incentives, broader access, and plans built on shared values of self-reliance and freedom.

In an era when healthcare inflation continues to outpace general cost-of-living increases, relying solely on marketplace solutions carries growing risk. Families who proactively explore private alternatives frequently achieve meaningful savings while gaining peace of mind that their coverage truly works when needed most.

America First Healthcare makes this exploration straightforward through its free review process. Families and individuals receive personalized guidance to close coverage holes, reduce unnecessary expenses, and secure plans that align with conservative principles—protecting wallets, health, and the American Dream without government overreach. Many who complete a review discover they can enjoy better benefits for less, often saving up to 20% while gaining the customization and stability that marketplace plans struggle to deliver.

Ultimately, protecting your family’s future requires looking beyond the marketing of “affordable” government options. By understanding the long-term costs hidden in high deductibles, shifting coverage tiers, and values mismatches, Americans can make empowered choices. Private, values-driven insurance offers a smarter path—one that rewards diligence, supports wellness, and delivers real security. For those ready to move beyond the limitations of traditional marketplace plans, a simple review can reveal options designed to serve families, not bureaucracies. The American Dream thrives when individuals and families retain control over their healthcare decisions, and thoughtful private coverage plays a vital role in making that possible.

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