Loading ...cut costs,cut costs,cut costs …the DEBT is too high to do anything else ! The money changers have reached their limits ,its time to renegotiate the DEBT ,the Bonds need to be repriced to their actual value ,the yield goes up to junk statis . ITS reset time !
Some of those Debt holders will become EQUITY holders in the exchange ,and then they will see what life is like on the other side !
I’ve been involved in Bankruptsy proceedings as a creditor ,so I know how it works out ! I watched the BEST Financiers WALL st had to try to save a company ,sometimes restructuring and sometimes TIME can save the day ! Sometimes NOT ! I knew the BEST TAX ACCOUNTANTS money could buy just as Im sure Trump knew ….It requires co-operation of the MAJOR DEBT HOLDERS to take a deal that is doable and to pay off the smallest debt holders ,so they dont cause a bankruptsy default. Thats how I got paid 100 % of what was owed me.I threatened the big debt holders that I would force a bankruptsy unless I got paid 100 % . they agreed because they had a lot to lose and it was cheaper to pay me. Trump knows what to do ! Bring the JOBS back at whatever it costs you or everybody goes UNDER ….thats going to be Trumps negotiating conversation TODAY .! Been there done that ! To make it work Trump has to slash costs to employers . Get all the Social costs out of the workplace and back on to the STATES !. No Healthcare costs to employers,no child Care costs to employers ..The STATE needs to do it.That where it belongs because small employers Cant do it. It severely disadvantages them in the competition for good employees and its the small employers that do the hiring ,so remove the costs from them .They will PAY more and wages will rise to get the best employees and then will be on an equal footing with BIG BUSINESS instead of being disadvantaged. Thats how it will work to get people back to work.! BIG BUSINESS is part of the employment problem they have too much advantage over small business. They can afford to bribe politicians to raise costs for small business ! SOCIAL COSTS belong to the STATE ,not the local coffee SHOP ! unless you think a $20.00 cup of coffee is doable.!
Why do you think Mr Shultz is selling out of Starbucks ! He knows as smart as he is that he has reached his limits on pricing.
I was asked by a new fellow donut shop owner ,how do you know if you are priced at maximum return….. I replied watch your Customer COUNT ..then raise prices if you need too, UNTIL the customer count starts dropping …then you know you got all your gonna get and still stay in business .I suspect Mr Shultz ‘ customer count is dropping , and he cant cut costs ,he’s in trouble and is getting out before it becomes apparent to everybody !
After I sold my business back to the Parent company my customer count was 7700 customer per week when I left.Two years later the same coffee & Donut shop was at 3400 customers a week because they kept raising prices .They lost TWO million dollars and ended up closing the business .I ran for 25 years and never lost money ! I went in the shop after I sold it and talked to the manager ,I said what did you do before you came here ..He said I got an MBA in business from HARVARD ,I said do you have any bakery or food business experience ,H repeated I got an MBA from HARVARD as he sat there in his Three Piece Suit trying to run a Donut shop !
I laughed ,smiled and said have a nice day ! I knew it wouldent be long ! They lost Two million !