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October 25, 2015

Facing The 'Final Days' - The Quote That Shows Everything Is Falling Apart Right Now

Overstock's Chairman Jonathan Johnson - "There will be a banking holiday."

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By Susan Duclos - All News PipeLine

Founded in the United States in 1940 and discovered in 1954, many alive today have never known a time when McDonald's wasn't a household name, but its financial downfall along with other huge names like Wal-Mart and the hundreds of store closings  and announced future closings and bankruptcies,  by a number of other well known retailers such as JC Penny, Sears, Office Depot/Office Max, Staples, and long list of others,  show a stark contrast from the fairy tales the MSM have been reporting about the supposed "recovery."

On Saturday, October 24, 2015, Stefan Stanford highlighted the inordinate amount of press being given to "the elite" preparing for the end in recent weeks, asking "what do they know that we do not?" The answer is simple, they are looking at the facts, some of which will be presented below, which shows that it is all falling apart right before our very eyes, and they are acting accordingly.

The headline of this article comes in part from a Business Insider article which offered quotes from McDonald's franchisees who were surveyed by Nomura analyst Mark Kalinowski, which found that 30 percent of operators are "insolvent," and responded to the survey with quotes that represent the dire situation the corporation is in, such as one writing "We are in the throes of a deep depression, and nothing is changing." Another asserts "The system may be facing its final days."

It was reported in June that McDonald's was planning to close hundreds of restaurants and "the first time in more than 45 years, the world’s biggest hamburger chain plans to close more stores than it opens." (Source

On October 19, 2015, we see another household name, Walmart, "stunned Wall Street by forecasting that its earnings would decline by as much as 12 percent in its next fiscal year to January 2017 as it struggles to offset rising costs from increases in the wages of its hourly-paid staff, improvements in its stores, and investments to grow online sales."  (Source - Reuters

With poverty levels at a record high and welfare recipients also at a record high, in conjuntion with a record number of workers no longer in the workforce, the astounding WolfStreet report that layoffs in the energy, Big Tech, retail, and other sectors, have brought us right back to 2009, should even make those living in denial sit up and take notice:

“The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year. And they’re “on track to end the year as the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession.”

Not only are the elite preparing but as was reported on Saturday by Zero Hedge, other businesses are preparing for "the next collapse" as well, with Overstock's Chairman Jonathan Johnson quoted below:

We are not big fans of Wall Street and we don't trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don't trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis. 

So what do we do as a business so that we would be prepared when that happens. One thing that we do that is fairly unique: we have about $10 million in gold, mostly the small button-sized coins, that we keep outside of the banking system. We expect that when there is a financial crisis there will be a banking holiday. I don't know if it will be 2 days, or 2 weeks, or 2 months. We have $10 million in gold and silver in denominations small enough that we can use for payroll. We want to be able to keep our employees paid, safe and our site up and running during a financial crisis. 

We also happen to have three months of food supply for every employee that we can live on.

RELATED: The Banking System Has Gone Rogue: “World Economic Order Is Collapsing”

His quoted statement is at the beginning of the video below.

(Article continues after the video)



BOTTOM LINE

It is not just McDonald's and Wal- Mart, but hundreds of stores are closing, downsizing chains or declaring bankruptcy, nationally and globally, meaning tens of thousands, if not hundreds of thousands more unemployed Americans. - SEE : U.S. Retail Chain Store Closing Plans and Total Numbers.

The fact is the elite are preparing for the upcoming catastrophic collapse, the U.S. government is preparing, big businesses are preparing..... yet the MSM tell the American populace we are "recovering," nothing to worry about, no need to prepare.... so the bottom line question here is "do you believe the MSM or do you believe the factual data that you can see with your own eyes?




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