We are in a textile/fashion business we have 140 big stores and online activity. Approx 250 Mln Euro turnover. The shops are closed since 17 March and government announced that the closure will be until at least end of April . Our business was already under very much pressure and fashion is nowadays deflationary, prices are dropping continuously. Online sales are neglectable because most people are busy with food, survival and Netflix. So this becoming a complete disaster and will result in massive lay offs and eventually consolidation or bankruptcy/closure. No way out. And will be impossible to built up such a retail structure in the coming years for us' as the ROI is way too low.
Tuesday, April 14, 2020
Savings wiped out
In Mexico City in 1987 there were uniformed men with machine guns at every bank branch. The same thing happened in Hong Kong ten years ago. I had to go into Standard Chartered Bank and I was stopped by gunmen from going in. CitiBank was also under siege. People had had their savings wiped out
Will economy recover?
I owned a a family jewelry business for 22 years. We are never going to be able to reopen again. This is truly being done by design. The stimulus is not coming and if it does it will be an asset purchase agreement. It's a lose lose situation for me:(
Yesterday I went on a recon tour in my small town of 9,000 people, I had a business here for 22 years and all I could see is financial destruction on a nuclear scale, this town is wiped out and the sheeple don't even know it yet, there isn't any small business that can handle what the Gov is forcing on us here.
This is a planned financial destruction, but I'm the crazy one mentioning this to anyone, still... even though everything I've warned about the last 10 years is coming true right in front of them in real time, denial is a strong and dangerous drug
Yesterday I went on a recon tour in my small town of 9,000 people, I had a business here for 22 years and all I could see is financial destruction on a nuclear scale, this town is wiped out and the sheeple don't even know it yet, there isn't any small business that can handle what the Gov is forcing on us here.
This is a planned financial destruction, but I'm the crazy one mentioning this to anyone, still... even though everything I've warned about the last 10 years is coming true right in front of them in real time, denial is a strong and dangerous drug
PCR test fact
THE VIRUS is FAKE, an artifact of a fake PCR test. PCR tests are more than useless for viral illness diagnosis. The inventor, Kari Mullis, who got the 1993 Nobel for it once said that a quantitive PCR test is an oxymoron. The whole plandemic is built on this phony test and fake statistics form Johns-Hopkins, WHO and its subsidiary, the CDC. I would love to have a one-on-one debate with Chris Martenson though I only have a BS in chemistry and he has a Ph.D in toxicology. Of course the CURE is WORSE than the disease. That was how it was designed - to throw what remains of the US middle class into poverty, and the already poor into sub-poverty. And to push through a totally fascist totalitarian state built on the Chinese model.
Stock investing during volatile time
As a investor I am absolutely amazed that your viewership is not greater. This perplexes me because of the incredible material you cover every day . Personally there's never been a better time to make money in the market. You search and give out the statistics which has helped me make a great deal of money in a short amount Of time. You called this thing. Just like when you called gold at $1,200 and it shot up to $1700 if a person was able to pick this up and drop it off at the higher prices there was lots of money to be made and the same with this right now.. just one example!!!!!!
picking up Boeing at a $105... I'm selling it a $160 what is wrong with that? Does anybody in their right mind think that the government is going to let Boeing go out of business? You have to have half a brain not to figure this out. They're going to be bailed out. I'm just sorry I missed it at $90. These things are ducks in the water for anybody who's paying attention to the statistics it's free candy for crying out loud. It seems that many of the people commenting want to complain and I think it's great. $100 say they'll be poor the rest of their lives. Yes we're on the Titanic but some of us are having a good time on the way down. Thank you for your satistics and the great job you do David
picking up Boeing at a $105... I'm selling it a $160 what is wrong with that? Does anybody in their right mind think that the government is going to let Boeing go out of business? You have to have half a brain not to figure this out. They're going to be bailed out. I'm just sorry I missed it at $90. These things are ducks in the water for anybody who's paying attention to the statistics it's free candy for crying out loud. It seems that many of the people commenting want to complain and I think it's great. $100 say they'll be poor the rest of their lives. Yes we're on the Titanic but some of us are having a good time on the way down. Thank you for your satistics and the great job you do David
Govt will inflate - clear your dues/debts
If you want to get rich you have to serve a lot of people
I was born 1982 in a small farming town south of Interstate 40. When I was little everyone in town had a garden and 1/4 of the land was farmed mostly in watermelons or peanuts. By the time I was a teen no one gardened and all the farms had turned to grazing cattle. The town had a school, 2 gas stations, a post office, and 2 general stores until I was a teen. Everything is gone now... they have put the post office on 2 hours a day and the school goes out next year. I welcome this new local world. I have watched my town die as big agriculture, transportation, and technology out bought and out performed my little corner of the world. It should have never came to this.
Self sufficiency is better than any precious metal.
Deflation won't help. It increases the real value of debt. It will wipe people out. Inflation and political pressure to ensure wage growth keeps up with inflation will help. Also political pressure to deindex unfunded government liabilities. That will deflate the real value of public and private debt and liabilities. The majority of Americans who have no saving will be unaffected precisely because they have no savings to be wiped out by the inflation. If they have debt then their ability to pay it will improve. The boomers retirement savings will take a haircut. They may be impoverished, but they created the problem, so karma. Your silver with stay whole.
I was born 1982 in a small farming town south of Interstate 40. When I was little everyone in town had a garden and 1/4 of the land was farmed mostly in watermelons or peanuts. By the time I was a teen no one gardened and all the farms had turned to grazing cattle. The town had a school, 2 gas stations, a post office, and 2 general stores until I was a teen. Everything is gone now... they have put the post office on 2 hours a day and the school goes out next year. I welcome this new local world. I have watched my town die as big agriculture, transportation, and technology out bought and out performed my little corner of the world. It should have never came to this.
Self sufficiency is better than any precious metal.
Deflation won't help. It increases the real value of debt. It will wipe people out. Inflation and political pressure to ensure wage growth keeps up with inflation will help. Also political pressure to deindex unfunded government liabilities. That will deflate the real value of public and private debt and liabilities. The majority of Americans who have no saving will be unaffected precisely because they have no savings to be wiped out by the inflation. If they have debt then their ability to pay it will improve. The boomers retirement savings will take a haircut. They may be impoverished, but they created the problem, so karma. Your silver with stay whole.
Gardening Composting
The gulf between the rich and the rest of us is growing every single day. The government approves the growing of gmo foods with toxic chemicals in dead zones. Food GROWS. We all need to turn away from huge corporations and start providing lots of things for ourselves, with healthy nutritious food being a major thing. This guy is great. He can reach the younger generation and draw them into a more productive fulfilling life style of providing for you and yours, on a very real basic level.
If you survived an apocalypse or are just one of the MANY financially struggling in our nation you would want to grow herbs for medicine, although if you were growing most of your food, I guess you would be healthier than many people anyway, but still an interesting video would be growing herb for their medicinal properties. You could put a waiver at the bottom that says this information has not been tested by the FDA, like is on the herb bottles sold in stores.
I actually did a diet similar to this myself last year (saving money to repay loans by nixing my food budget entirely) and I would say that I agree with most of these but I would make a few changes. Note; I'm about 3 zones colder and the winter no-growing season lasts abut 6 months here. For that reason I planted lettuce and (small) radishes instead of cabbage and kale. To start with, where I live sulfur butterflies (cabbage worm) are very common.... so cabbage and kale get absolutely torn to bits, plus they take longer to grow.... by the time they're about ready to harvest is also peak cabbage worm time. Small radishes and lettuce can be ready in about 20 days and they're the first vegetable plants that start growing at the end of winter. I planted an entire 10'x10' square with lettuce and radishes and harvested them first in the areas that I had future plans for summer veggies. Then by summer when everything started to bolt and all the summer veggies were planted, I left them in the ground to collect seed. These seeds can be planted for a fall crop too, but they double as edible sprouts for the winter months. The second change/addition would be cherry tomatoes. Cherry tomatoes are vigorous and produce all summer long rather than just once at the end of the season like squash/corn, providing a steady supply of food all summer. Furthermore, they reseed themselves without fail (unlike beefsteak tomatoes) just from fallen fruit. I don't even grow mine in the vegetable garden anymore, I let them grow as a weed in the hedgerow. Garlic is also a good one, not necessarily important, but doesn't take up space nor does it require any effort.
potatoes can also be grown in bin bags albeit thick bin bags are better to reduce light on potatoes close to the edge of the bag, stacked tyres also coz they can be banked up easily
am a absolute novice gardener, but when I grew potatoes, I threw a potato on the ground and covered it with a good layer of straw. As the straw packed down, I'd throw more around the plant to thoroughly cover the new tubers. This way I could lift the straw and pick as many potatoes as I wanted for dinner without killing the plant. I'd pack the straw back around the plant and it would continue to grow, putting out new potatoes as it did so. There was no waiting until a harvest date. It was also fun to show children who could pick a potato for their own dinner any time they wanted to. The straw kept the ground moist saving on watering and I didn't have to weed. Any straw sprouts could be yanked and left laying on the surface to add to the mulch. Kitchen vegetable scraps could be tossed under the straw and left to also turn into mulch. No muss, no fuss.
My dad took produce scraps, paper towels, tea bags and coffee grounds, etc and put everything straight into the garden. Never had a mulch pile. He had the best garden/yard in the neighborhood. Sometimes we make things too complicated. Drying the grass and letting it much back into the grass or throwing on top of the straw worked for me. Of course in California I had more iceplant in the yard than grass.
If you survived an apocalypse or are just one of the MANY financially struggling in our nation you would want to grow herbs for medicine, although if you were growing most of your food, I guess you would be healthier than many people anyway, but still an interesting video would be growing herb for their medicinal properties. You could put a waiver at the bottom that says this information has not been tested by the FDA, like is on the herb bottles sold in stores.
I actually did a diet similar to this myself last year (saving money to repay loans by nixing my food budget entirely) and I would say that I agree with most of these but I would make a few changes. Note; I'm about 3 zones colder and the winter no-growing season lasts abut 6 months here. For that reason I planted lettuce and (small) radishes instead of cabbage and kale. To start with, where I live sulfur butterflies (cabbage worm) are very common.... so cabbage and kale get absolutely torn to bits, plus they take longer to grow.... by the time they're about ready to harvest is also peak cabbage worm time. Small radishes and lettuce can be ready in about 20 days and they're the first vegetable plants that start growing at the end of winter. I planted an entire 10'x10' square with lettuce and radishes and harvested them first in the areas that I had future plans for summer veggies. Then by summer when everything started to bolt and all the summer veggies were planted, I left them in the ground to collect seed. These seeds can be planted for a fall crop too, but they double as edible sprouts for the winter months. The second change/addition would be cherry tomatoes. Cherry tomatoes are vigorous and produce all summer long rather than just once at the end of the season like squash/corn, providing a steady supply of food all summer. Furthermore, they reseed themselves without fail (unlike beefsteak tomatoes) just from fallen fruit. I don't even grow mine in the vegetable garden anymore, I let them grow as a weed in the hedgerow. Garlic is also a good one, not necessarily important, but doesn't take up space nor does it require any effort.
potatoes can also be grown in bin bags albeit thick bin bags are better to reduce light on potatoes close to the edge of the bag, stacked tyres also coz they can be banked up easily
am a absolute novice gardener, but when I grew potatoes, I threw a potato on the ground and covered it with a good layer of straw. As the straw packed down, I'd throw more around the plant to thoroughly cover the new tubers. This way I could lift the straw and pick as many potatoes as I wanted for dinner without killing the plant. I'd pack the straw back around the plant and it would continue to grow, putting out new potatoes as it did so. There was no waiting until a harvest date. It was also fun to show children who could pick a potato for their own dinner any time they wanted to. The straw kept the ground moist saving on watering and I didn't have to weed. Any straw sprouts could be yanked and left laying on the surface to add to the mulch. Kitchen vegetable scraps could be tossed under the straw and left to also turn into mulch. No muss, no fuss.
My dad took produce scraps, paper towels, tea bags and coffee grounds, etc and put everything straight into the garden. Never had a mulch pile. He had the best garden/yard in the neighborhood. Sometimes we make things too complicated. Drying the grass and letting it much back into the grass or throwing on top of the straw worked for me. Of course in California I had more iceplant in the yard than grass.
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