“Amazon only has about 100 distribution centers in the US. This will bring it to 560….About 90 percent of Amazon Prime shoppers live within 10 miles of a Whole Foods store, and that’s also a big plus.” ~Phil Lempert on Amazon’s acquisition of Whole Foods
By Catherine Austin Fitts
This week on The Solari Report, Harry Blazer joins me to discuss the most significant acquisition of 2017 to date – Amazon’s purchase of Whole Foods for $13.7 billion.
Harry built the largest fresh food market in the country and sold it to Whole Foods in 2001. Since then he has served as a fresh food consultant to many of the top grocers in North America and Europe. No one else is better positioned to help us understand this acquisition and what it means to the ferocious competition for the US food and grocery market.
Harry and I cover this deal from many aspects – the grocery industry, the shift of retail markets on line, part of what I call the shift from Global 2.0 to 3.0, the impact on the politics of GMO and GMO labeling, the impact on state and local government and the postal service, on entrepreneurs and small business, investors and, of course, on you and me.
Our last annual wrap up published in January The Global Harvest and What it Means to Investors is excellent background for understanding what is happening in the race to “own” what we eat.
In Money & Markets this week I will discuss the latest in financial and geopolitical news, including the dangerous developments in Congressional approved sanctions and what it signals regarding the loss of US sovereignty, the health care melt down and the President’s latest appointments.
In Let’s Go to the Movies, I will review “Goldman Sachs – Power and Peril,” CNBC’s 2010 investigation of Goldman Sachs. Goldman continues to be in the news. It is the investment bank representing Amazon on the Whole Foods purchase while the White House hires yet another Goldman alum, communications director Anthony Scarammuci.
Talk to you Thursday!