Tuesday, April 14, 2020

WEEK 6 OF THE 'CRISIS': BUSINESSES BEGIN TO COLLAPSE

   As we head in Week 6 of the worst internal threat to the Constitution since the Civil War, we're starting to see the downfall of mid-size businesses. The too-big-to-fail looters on Wall Street---who donate to the DNC---are predictably, faring quite well. Amazon is hiring, for example, is hiring 75,000 workers. Just as we foretold, the Special Interests will use the 'crisis' to consolidate power and profit. 

   The first noteworthy casualty was the XFL---the football league launched this year to bring professionalism back to pro football. I'm certain that Liberals nationwide were doing high-fives over this news; but it's an incalculable loss to our culture. The XFL was forced to suspend operations after government decrees closed the stadiums where their teams played. 

  Like many start-up businesses, the XFL projected that it would operate under a first-year loss; and with no financial traction, the illegal orders issued by State Governors broke the new league financially. As a comparison, the NBA---which also suspended its season---has $380 million in escrow, and will likely survive despite an estimated $650 million in lost revenue. 



  A second casualty reported this week was Sauer Brands, Inc. located in Richmond, Virginia. The company furloughed all 131 of its employees indefinitely, although the Company promised salaries and healthcare benefits would be honored for the next 60 days. Outside of the Southeastern and South-Central US, Sauer was probably not widely known; but has been a regional powerhouse since its founding in 1887. The company HQ building, constructed in 1911, is on national Register of Historic Places.


  In 1929, Sauer bought out Duke's Food Brands and its iconic condiment, Duke's Mayonnaise. The company originally sold spices and extracts, but the condiment acquisitions amidst the financial turmoils of the 1930's to become a major supplier to retailers. With the fast-food and restaurant booms of the 1950's and 1960's, Sauer's status exploded, as many local chains featured their famous product over the standardized national brands. 


  
 "We want to emphasize that these are temporary furloughs and we expect to recall affected employees as needed as food service demand begins to return to pre-COVID-19 levels," CEO Martin Kelly told WYFF-4 News, "We know this is a difficult time for everybody, particularly those who are directly affected, and we regret that circumstances have made this action necessary."

 Sadly, I think that Kelly is overly optimistic. According to the same article, food service demand among dine-in restaurants is down 79% nationwide and down 40% among take-out and delivery operations. And political rhetoric right now seems to conflate terms like temporary and indefinite. In fact, Virginia's Occupation Governor Ralph Northam signed into law today strict gun control laws, protection for homos, and marijuana legalization. Restaurants and 'nonessential' retail outlets are closed in Virginia until June 10th (at least), however. 

  Ohio's dictator, arch-RINO Mike DeWine, announced that we've entered a New Normal and that restrictions would remain in place until a vaccine is found (presuming it ever is). "As we reopen Ohio, people will have to be very, very careful until we get a vaccine. You'll have to weigh benefit vs. risk. You will have to make sure you're wearing a mask when you go out, continue social distancing, etc. COVID-19 is not going away until we get a vaccine."


   Getting any solid figures or reports on business failures is difficult, however, since the MSM is burying any negative stories about the so-called 'lockdown'. But isn't anyone coming to the defense of small business? Well, the ACLU is---that is, if you run an abortion clinic. CBS News reported today that:

  "Arkansas is the latest state to face a legal battle over its suspension of abortion services amid the coronavirus pandemic. The American Civil Liberties Union on Monday asked a district court to block Arkansas' ban on abortion services after the state's Department of Health issued a cease and desist letter to one of the state's two abortion providers. In the letter, the agency said the clinic was in violation of Arkansas' temporary suspension of non-essential medical procedures by offering abortion that were "not immediately medically necessary to save the life or health of the patient."While state officials said the directive is designed to preserve medical resources for the fight against the coronavirus, abortion rights groups, like the American Civil Liberties Union, see the measure as the newest way for politicians to restrict abortion access."
   
  This is how the impending dictatorship is shaping up. Just remember how everyone used to mock Conservatives as conspiracy kooks when we tried to warn people that Obamacare would lead to tyranny via controlling the medical system. Still think it was paranoia? 

  Probably so. To the average dumbed-down and degenerated American, legal dope and government handouts go a long way to salve a guilty conscience. 


     

4 comments:

  1. I share your anger and pessimism, NW! Watching the unfolding horror show is unbelievable at best, frightening as hell at worst! God help us all!!

    ReplyDelete
    Replies
    1. Indeed---we need Divine help right now, and not just because of COVID-19. There are a lot of eerie parallels between now and the days right before the Civil War.

      Delete
  2. Houses foreclosed, stuff reposessed. The ball has not even started rolling yet. I'm not angry - just surprised. In 2008, when the "housing bubble" popped, I revamped my entire financial philosophy.

    I'm shocked that more people didn't do the same thing I did. They'd be in a better place if they had. Get rid of all credit cards, if you can't afford something don't buy it.

    Never invest in stocks.

    Simple rules to live by...

    ReplyDelete
    Replies
    1. Good rules, actually; though stocks are still a good investment if you stay engaged and don't turn it all over to hedge-funds and portfolio managers. And the trick with credit is don't use it if you can't afford the payments.

      The problem now---like in 2008---is that people are in denial. After the 2008 crash, they voted in Obama thinking he'd fix everything for them. They think if they listen to 'experts' everything is going to work out---never stopping to think that the experts keep leading them into these disasters.

      Delete