'People are educated just enough to believe what they have been taught, but not educated enough to question what they have been taught."
- Richard Feynman
Any of this is remotely true?
1β Victoria's Secret declared bankruptcy. (Partially owned by Jeffery Epstein!)
2β Zara closed 1,200 stores.
3β La Chapelle withdrew 4391 stores.
4β Chanel is discontinued.
5β Hermes is discontinued.
6β Patek Philippe discontinued production.
7β Rolex discontinued production.
We are inside "The Collapse".
8β The world's luxury industry has crumpled.
9β Nike has a total of $23 billion US dollars preparing for the second stage of layoffs.
10β Gold's gym filed for bankruptcy.
11β The founder of AirBnb said that because of the pandemic, 12 years of efforts were destroyed in 6 weeks.
12β Even Starbucks also announced to permanently close their 400 stores.
13β WeWork isn't in a great spot either.
14β Nissan Motor Co. may close down in USA.
15β Biggest Car Rental company (Hertz) filed for bankruptcy - they also own Thrifty and Dollar.
16β Biggest Trucking company (Comcar) filed for bankruptcy - they have 4000 trucks.
17β Oldest retail company (JC Penny) filed for bankruptcy - to be acquired by Amazon for pennies.
18β Biggest investor in the world (Warren Buffet) lost $50B in the last 2 months.
19β Biggest investment company in the world (BlackRock) is signalling disaster in the world economy - they manage over $7 Trillion.
20β Biggest mall in America (Mall of America) stopped paying mortgage payments.
21β Most reputable airline (Emirates) laying off 30% of workers.
22β US Treasury printing trillions to try to keep the economy on life support. (Acrually they havenβt printed any fiat notes after 2017- u wonβt find any dates after 2017)
23β Estimated no. of retail stores closing in 2020 - 12,000 to 15,000.
24--Not all bad news, U-HAUL trucks cannot keep enough inventory to supply the needs of people moving from California to Texas and Florida!! ----------THE FINANCIAL RESTRUCTURE IS WELL UNDERWAY FRIENDS!