Wednesday, August 5, 2020

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Brick-and-Mortar Meltdown in June: Who Got Crushed?

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by Wolf Richter, Wolf Street:
The private-equity protocol of asset stripping bears fruit.

Today, premium-denim designer and retailer True Religion Apparel with 1,900 employees filed for Chapter 11 bankruptcy. Its celebrities-endorsed products are sold in its 140 True Religion and Last Stitch retail stores and in struggling brick-and-mortar department stores, including at Bloomingdale, Nordstrom, and Saks Fifth Avenue.

Bankruptcy rumors had been swirling since October when the company hired a law firm specialized in bankruptcy and restructuring – a dead-giveaway that shareholders and creditors are going to feel some pain.

CNN President Jeff Zucker: “Trump Is Trying To Bully Us”

from ZeroHedge:
CNN President Jeff Zucker, rather than apologize for publishing fake news story after fake news story all in an effort, by his own admission mind you, to drive ratings for for his network, has decided to take a play from the ‘disaffected liberal” playbook and pretend to be the victim in his rather public scuffle with President Trump. In a new interview with the New York Times published yesterday, Zucker never once apologized for his network’s credibility-crushing mistakes over the past several weeks but instead said that Trump “is trying to bully us.”

“He’s trying to bully us, and we’re not going to let him intimidate us. You can’t lose your confidence and let that change the way you conduct yourselves.”

“My job is to remind everyone that they need to stay focused doing their job,”

WAR DRUMS BEAT LOUDER AGAINST NORTH KOREA

EU PARLIAMENT SUSPENDS ACCESSION TALKS WITH TURKEY/MONTE DE PASCHI BAILED OUT AGAIN WITH A 5 BILLION EURO INFUSION
from Harvey Organ:

EARTHQUAKE AT 5.8 IN MONTANA UNDER THE YELLOWSTONE NATIONAL PARK WHICH CONTAINS THE SUPERVOLCANO UNDERGROUND

In silver, the total open interest SURPRISINGLY ROSE BY A HUGE 3,920 contract(s) UP to 207,461 DESPITE THE DRUBBING IN PRICE THAT SILVER TOOK WITH YESTERDAY’S ATTEMPTED RAID (DOWN 18 CENT(S) ON TOP OF THE CONSTANT TORMENT THESE PAST FEW WEEKS.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.037 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 369 NOTICE(S) FOR 1,845,000 OZ OF SILVER

In gold, the total comex gold SURPRISINGLY ROSE BY A HUGE 5.656 CONTRACTS DESPITE THE TINY RISE IN THE PRICE OF GOLD ($2.40 with YESTERDAY’S TRADING). The total gold OI stands at 462,857 contracts.

we had 19 notice(s) filed upon for 1900 oz of gold.

Read More @ Harveyorganblog.com

Audioblog #200 – America’s Monetary Fate, Reduced to “Idiosyncrasies”

by Andrew Hoffman, Miles Franklin:
For 27 years the staff at Miles Franklin has delivered excellence in many ways – knowledge, relationships, product offers and customer service. They understand the macro/micro economics and geo–political advantages to investing in precious metals to protect your wealth. The team at Miles Franklin build life-long relationships because they custom-tailor solutions for investing in precious metals to meet each individual’s needs and circumstances. Our brokers have or can acquire most any type of precious metal from anywhere in the world. Each and every order is managed and monitored from start to finish. We are licensed, bonded, and carry an A+ BBB rating.

Click HERE to Listen

The Story of the Journalist and Her Truck Driver Husband

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by Michael Krieger, Liberty Blitzkrieg:
On July 4th, journalist Heather Bryant published an important article on Medium that I think everyone should read and think about. Her story should make all of us uncomfortable, not just about the state of journalism, but also about how each of us thinks about class and the people around us doing under-appreciated, but vital work.

Below are some excerpts from the piece, but it’s worth reading the entire thing.

I was talking to this person whom I’d just met. They told me about their job and where they worked. They asked me about mine. I told them I’d worked in public media in Alaska before moving to the Lower 48. I was a couple of months from wrapping up my time as a John S. Knight Fellow at Stanford. They asked about what I worked on and I explained my research around collaboration in journalism and that I intended to continue working in this space after the fellowship ended.

Illuminati Pop Stars – The In-Your-Face Conspiracy That Won’t Go AwayILLUMINATI POP STARS – THE IN-YOUR-FACE CONSPIRACY THAT WON’T GO AWAY

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by Sigmund Fraud, The Daily Sheeple:
A continuous assault on the public psyche by the entertainment industrial complex aims to disorganize and derail the individual. It’s a world governed by terror, and to find relief from such continual fear and stress we’re invited to seek shelter in meaningless, self-destructive habits and pursuits. The celebrity role models in our culture lead the way, setting the example for how to abandon ourselves to the mainstream orgy of debauchery and stupidity.

Via the 24/7 news cycle format, the media keeps the shock and awe flowing, and corporate pop-culture is the escape. Pop stars are selected for their helplessness against the MK Ultra/Monarch-type mind control. This kind of programming is necessary to turn people into celebrity puppets whose behavior is to be emulated by the public. The stars that do this best become icons of Illuminati symbolism, using their careers and souls to pimp occult messages and ideas to the masses.

4Chan Declares War On CNN, The ‘Media Mafia’ After They Blackmail & Threaten Reddit User For WWE GIF Of Trump Body-Slamming CNN Logo

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by Susan Duclos, All News Pipeline:
Brief recap: In June CNN was forced to change headlines and a story that was completely false, then forced to retract another fake news article, delete all links to it and apologize while forcing three employees to resign over it, on top of project Veritas capturing CNN employees admitting the whole Russia narrative they have been pumping for the past six months was “bullsh*t” and a “nothingburger.”

Could it get any worse for CNN? Glad you asked, it just did.

After months of attacking President Trump, his family and his supporters, the president struck back with an amusing GIF where footage from WrestleMania 23 in 2007 where Trump went up against WWE CEO Vince McMahon during a “Battle of the Billionaires” match, has been retouched to show the President body-slamming a figure with the letters “CNN” superimposed over the person’s head.

With the typical snowflake, social justice warrior mentality, CNN and the rest of the establishment media went into full victimhood mode, claiming the GIF of Trump body-slamming a logo, was somehow an incitement to violence against all media.

BREAKING: Donald Trump Compares Russiagate to Iraqi WMD lie

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by Adam Garrie, The Duran:
One US reported turned the press conference into a diatribe about Russiagate. This was almost certainly designed to stir tensions in Poland, Europe’s most anti-Russian state.

Donald Trump’s press conference with Polish President Andrzej Duda turned to Russiagate as a US journalist tried to pound Trump on the Russia issue while inside Europe’s presently and historically most anti-Russian country. Clearly there was an attempt to stir tensions unnecessarily on the part of the reporter.

Trump reiterated his repeated statements that alleged election meddling could have been the work of Russia and/or any number of state or non-state actors. It is important to say alleged election meddling as no one has yet been able to prove a causal relationship between the hacking of DNC emails and the results of the election. This is a crucial point that Trump’s opponents in the US perpetually ignore.

Volvo Goes All Electric – Well Not Quite: End of the Internal Combustion Engine?

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by Mish Shedlock, Mish Talk:
SupplyChain24 says Volvo First Major Car Manufacturer to Go All Electric.

The headline is not quite accurate, nor is the notion we are on the verge of the end of the internal combustion engine.

This is a step in that direction, but let’s separate the hype from the reality.