Results from the latest NYC Hospitality Alliance survey revealed that it has been very hard for restaurants to pay their rent in full and on time.
Of the 400 restaurants that responded to the survey, 92% of them could not afford to pay their rents in December.
According to previous surveys, 80% of restaurants in June could not pay their rents. July 83%; August 87%; October 88%.
Across the more than 25,000 restaurants, bars, clubs that employed 325,000 people across all seven boroughs, thousands have already closed, and many more face that potential threat. At least half face closure if they do not get more government support and restrictions are lifted, according to a report by ZeroHedge. Some 140,000 jobs have been lost.
According to the report, NYC Hospitality Alliance survey said 40% of respondents said landlords reduced rent, 36% said landlords deferred rent, and 14% said they could renegotiate leases.
Governor Andrew Cuomo has now allowed restaurants 25% indoor capacity. Many restaurants have been forced to serve patrons out in the cold or in igloos.
Naturally, many restaurants owners have been immensely upset with Cuomo and De Blasio’s edicts.
[sic] He should be banned from every restaurant bar etc he’s a scumbag f*** you coumo and di blasio.Said one owner
Read the full report on ZeroHedge.
AUTHOR COMMENTARY
The rich man’s wealth is his strong city: the destruction of the poor is their poverty.
Proverbs 10:15
Just hearing this is just absurd. We are talking over 9 out of every 10 people cannot pay their rents. These lockdowns have destroyed untold millions and millions of people’s livelihoods.
And Governor “Nipple Rings” has been caught covering up the numbers he murdered by sending sick and infected “grandmas” back to the nursing homes.
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Very true. Food scarcity & dependence has been cultivated purposely with the end-goal of total government control aka Great Reset. Latest step. —————————————————————————————————————————————————————————————————————————There is a woman named Catharine Austin Fitts. Again, no Christian, but then none of them are….a financial specialist. She has pointed out & explained how the pattern of rioting, coupled with covid is a real estate acquisition scheme. She was an assistant housing secretary at the federal level prior to the housing bubble collapse, saw the dangerous things being done, not realizing it was purposeful, and started making noise about better policies to prevent the serious collapse she saw was inevitable. ——————————————————————————————————————————————————————————————————————————————-She was soon out on her ear, another former federal employee, self-employed whistleblower was born. Now runs the Solari Report. She & her team couldn’t figure out what was going on with the rioting & why it was being allowed to continue without resistance. After all, the democratic cities are dangerously close to defaulting, and they needed the tax revenue. Then a street name in Minneapolis in the rioting damage reports rang a bell with her & she checked it with a government funding scheme for low income & minority businesses called Opportunity Zones. It matched the riot pattern perfectly there, & when they extended their report to other cities experiencing the rioting. Same ones with the most major voting organizers & issues coincidentally.
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How it works is government officials create the program and run the loans through crony lenders. Lenders have guaranteed business, and officials receive kickbacks. Then they work with the BLM-Antifa organizers & embedded organizers and activists to target those areas. Insurance may cover first round (another layer of cronies benefit), and insurance rates skyrocket. Due to covid lockdowns and danger of rioting, rent moratoriums, rising insurance rates….minority business and property owners default. Property picked up for a song, and made ‘public’, federalized or socialized….same thing. New owners guaranteed income with government money & ‘minority’ saving bills, and all those former owners become renters. Like Klaus Schwab propaganda puts it: You will own nothing, and you will be happy.
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This time the cronies and kickbacks include China as a partner, where the corporatists moved the wealth, and the handy fall-guy & bad guy scapegoat. Guilty, as a partner. The targeted immigration policies and resettlement also cultivated the terrain for this. Moving particular groups of people to key conservative areas to cause division, ‘transformation’ of the local governance. Like the Somalian settlements in Minnesota. Arab in Dearborne, and Tennessee. Along with the Venezuelan & cartel types coming in the midst of the photo op human cover of families, women and children.
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The coastal elites & liberals realized they had to put wedges and fragment the ‘flyover’ middle which wasn’t acquiescing and becoming as dependent, as quickly as they wanted. Now they are working in partnership with the cartels and China with the total warfare concept.
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It’s very organized. They’ve worked the schools, local governance, policing agencies, and the churches with things like Rick Warren’s (he’s CFR) small groups, church dividing & transforming thing….taking them to controlled quasi-state Augustinian-craft social justice centers…..for decades. It was easy for them to take the dumbed down, demoralized (some with CIA dark economy drugs, the porn and trafficking, the gangs etc) and Marxist revisionist history & worldview cultivated folks and get them to ‘protest’. Then trained activists use the human shield for organized attack, violence and destruction….like Isis and all the communist warlords in places like Africa, the Middle East, Asia etc have done.
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There have been some good undercover reports on it, but the experience three military veterans, spec ops, shared gives a good description of how that works. One was a Portland area local, the other were men contemplating hire with the Portland PD, and relocating their families. I am sure they reconsidered. In addition to BLMAntifa, cartel cells have been reported in Arizona, New Mexico, and DC. They drive vehicles without tags & with illegally darkened windows, teams of 4 to 6 with military grade armament, and were reported in the DC area to be very aggressive on the highway. Like BLMAntifa, they have ‘friends’ in law enforcement, local governance & with prosecuting attorneys & judiciary….sometimes voluntarily, oftentimes through threat & extortion. ———————————————————————————————————————————————————-These were latest spotted in Tucson area, last week around 2/15/21, & were driving black f-150’s with CDG marking: Cartel del Golfo. If you see something like that, do not engage & remove yourself from their vicinity. Report to Sheriff’s Department as the least likely to be corrupted, though no guarantees. Good if you know your local law enforcement folks. First responders. ———————————————————————————————————————————————————————————————————————————————————————————–The men mentioned wanted to see what was going on with the rioting, and how police were handling it, skirting some minor protesting. It was scattered & not centralized at first, but they use spotters at corners & drones to surveil & coordinate. Suddenly the three men were mobbed by the crowd, then an organized attack of individuals rushing in to attack & then swiftly retreat began from 10 -20′ out in the mob. First attack was pepper spray to the eyes, and then lasers. Once blinded, the rush was with bludgeoning weapons, hit & fade back, another coming in from another direction, bam, bam, bam. They were throwing skull-cracking sized rocks, bricks, frozen water bottles, cans of food…you name it….from 20′ out behind the human shielding mob.
All three experienced special ops military & carrying….but no way to get off a shot, and all bruised, battered & requiring days to recuperate when they finally made their way out and the organized attackers wearied of chasing them. This is so folks don’t think just being armed is enough, or that it’s random ‘peaceful protesting’.
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After the multiple systems failures Texas just experienced, folks are realizing how susceptible we really are. Especially with China in the energy grid, food distribution infrastructure with the corporatists. I suspect they are using China to cover their own culpability & complicity. Now they are saying the collapse will come sooner rather than later: giving two years as an estimate of the most the system can withstand with the steady attack. Be prepared. Don’t underestimate it.