Please start walking the talk and doing a letterbox drop - print this below and leave in your neighbourhood.

If you think this is another conspiracy theory look up the companies below:

Record Bankruptcy in the USA in 2020:

1. Victoria's Secret filed for bankruptcy.

2. Zara has closed 1,200 stores.

3. La Chapelle has closed 4391 stores.

4. Chanel stopped production.

5. Patek Philippe stops production.

6. Rolex too.

7. Nike has a total of $ 23 billion in debt preparing for the second phase of layoffs.

8. Gold's gym filed for bankruptcy

9. The founder of AirBnb said that because of the pandemic, 12 years of effort were destroyed in 6 weeks.

10. Even Starbucks also announced that they will close their 400 stores forever.

11. Nissan Motor Co. may close in the USA.

12. The largest car rental company (Hertz) filed for bankruptcy - it also owns Thrifty and Dollar

13. The largest shipping company (Comcar) declared bankruptcy - they have 4,000 trucks.

14. The oldest retail company (JC Penny) filed for bankruptcy - will be acquired by Amazon for a penny

15. The largest investor in the world (Warren Buffett) has lost $ 50B in the last 2 months.

16. The largest investment company in the world (BlackRock) signals a disaster in the global economy - it is managed by more than $ 7 trillion.

17. The largest shopping center in America (Mall of America) has ceased to pay mortgages

It is estimated that in 2020 I will close from 12,000 to 15,000 retail stores.

The following are major retailers that announced the closure:

- Gap

- Victoria's Secret

- Bath & Body Works

- Forever 21

- walgreens

- GameStop

- Pier 1 Imports

- Nordstrom

- papyrus

- Chico's

- Destination Maternity

- Modell's

- Bose

- Art Van Furniture

- Olympia Sports

The number of applications for unemployment reached a record high - 38+ million - unemployment is more than 25% (out of 160 million of the working population, almost 40 million are unemployed). In the absence of income, consumer demand drops sharply, and the economy goes into free fall. This is only the USA.

HT Stan Milc + Elizabeth Hunker

Jul 12 2020, 11:02 AM 2 Reposts2 Likes
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