May 21, 2018

Remington Bankruptcy

It’s common knowledge now that Remington Outdoor Company, the maker of Remington firearms, is seeking protection from creditors for the company’s near one billion dollar debt. Much speculation is going on and some of it is nonsense.

For example, Outdoor Hub is trying to tell their readers that the reason Remington is going under is that when Trump took office, everybody stopped buying guns because he was not a threat to take them away: “Like most in the gun industry, Remington’s sales have dipped because there is no longer fear that guns will become more heavily regulated by U.S. government. President Trump has made it abundantly clear that he never plans on impeding “the right of the people to keep and bear arms.”

What nonsense! Remington’s billion-dollar debt didn’t happen because some Leftist wants to claim gun sales have stopped because Obama left office, Trump is in and we’re all gonna die. It takes a bit longer than one year to amass a billion dollars in debt no matter how big you are.

Besides, according to Ammoland, the number of background checks for January of this year was identical to that of January the previous year when Obama was in office. Perhaps the “panic buying” of guns will abate somewhat, but certainly, only a fool would think this is the cause of Remington’s debt.

Guns have been made and sold in America for a very long time. Politics have been around even longer. Presidents have come and presidents have gone, some having more influence than others on the Second Amendment and the effect of gun manufacturing and sales in this country. No one president’s position on the Second Amendment is going to force a major gun manufacturer to go broke. That can only happen due to very poor management – whether that management is due to stupidity or is a planned event. More on that in a bit.

Jim Shepherd explains Remington’s debt and proposed reshuffling of finances here.

A day earlier Shepherd wrote the following interesting tidbit: “It’s no secret that Remington has been hamstrung by a mountain of debt – $950 million dollars worth, courtesy of the leveraging expertise of Cerberus Capital Management -and said management’s abandonment of the company after the Sandy Hook murders in 2012.”

Are we seeing the Global Power Structure (GPS) at work here?

If the GPS cannot, at least at this moment in time, waltz right in and disarm every man on this earth, there are other ways to do. Many of these incremental events have been spoken of and written about for a long time. But what of this sort of thing? Has the GPS so heavily infiltrated every aspect of our lives that, one, they could orchestrate a Sandy Hook event in order to manipulate public perceptions about guns, and two, do they also control the Financial Industry and Remington Arms so well that they can create the bankruptcy of a major gun manufacturing company forcing them out of business? You can believe what you will about whether or not this is who was and is behind any of this, but I happen to know the GPS wields enough power to do a lot of things and pulling this off would be no big deal. What might become complicated (to me anyway) is how they would do it in order to not feel the effects of lost debt.

However, when you consider how they pulled off the “too big to fail” heist of the American Taxpayer, citizen serf, something as tiny as Remington Outdoor Company would be a sinch.

BUT DON’T GO LOOK!

 

 

 

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