Private Equity PILLAGING Small Business In The US
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- Опубліковано 15 чер 2024
- James Li breaks down how private equity is destroying American small businesses.
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This is mafia shit
worse, it's Pinkertons shit
Its worse, the mafia took care of the community
@@zbrown187 Yep. America is becoming a low trust society where no one including the big players gives a sht about others.
You aren't wrong!! I read several years ago that Mafia bosses of 1960s & 1970s sent their children to elite business schools as a prestige factor. Those kids came back to their fathers and basically said, " We can make more money buying the bank than by robbing it." They already owned the politicians so they were able to get favorable legislation to the point that what was previously considered Loan Sharking became a LEGAL practice.
I bet u this is a regular thing.
"Lawfare" needs massive reforms ... which will never happen under a lobbyist controlled Congress
#PeasentsAndPithforks
Biden's DOJ is looking into it. This is a reason why CEO's want Trump. Of course no one at BP will point that out.
we need better politicians to represent the common people
Wall Street and Bankers will never be controlled.. they rule the U.S. & the DOJ as an ethnic group.
@@ninaaranetaThey become corrupted to stay elected. AOC now kisses AIPAC ass.
They tried to interfere with your pregnancy!? Wtaf that's the definition of evil 😡😡😡😡😡
#PeasentsAndPithforks
Yeah this seems like a planned medical abuse.
It's a zero-sum game.
Maybe by screwing over her pregnancy they will be able to save their own pregnancy later.
ROFL. Okay woman... Leftists are the ones that are okay with killing babies in the womb, but if your employer doesn't give you 15 years of maternity leave, they're evil?
Seriously who are these people? They need to go to jail
“Go support your small businesses” is not a good answer here. These large private equity companies need to be regulated out of existence
Exactly.
Why is it always on the individual to handle systemic problem?
But that would involve meaningful regulation in the US, which... yeah, between the Republican party and the "pandering to the fairytale of the 'sane Republican over our own base" party, even a Gulf-Coast Kindergarten Dropout knows _those_ odds.
She also said elect people we can hold accountable. If we do that, that's how we get proper regulation
@@1massboybecause it is much easier to change yourself than the outside world
be the change you want in this world
Agreed. If we dont, capitalism will eat itself.
This is just psychotic, what she went through.
#PeasentsAndPithforks
That's right. The psychopaths at the private equity firm went after her.
Had similar experience. Not fun.
This should be crime. If a judge signed off on that deposition he or she should be in prison.
It is.
Wtf of it? We're Stateside.
That was my reaction. Didn’t the judge look at it and say, WTF?
Weren’t the attorneys who drafted the pleadings the least bit embarrassed?
lol lawyers embarrassed 😂
Sounds more like a mafia organization than a business.
Jews
They should be charged with attempted murder like seriously
Those behind this would make the mafia look like a skater graffiti gang.
What do you think capitalism is ? Its criminals with govt protections.
The only war in this world worth fighting is one against WALL STREET
No war but class war.
I'd say fighting to get rid of AIPAC is directly correlated. The american people have been sold out, people need to wake up.
Private equity/venture capitalists are also SILICON VALLEY.
@@kaymish6178Wall Street and corporations created wokeness to divide people about social issues and serve as distraction from the real bread and butter of the Occupy Wall Street Movement. Occupy Wall Street was the closest we got to uniited, peaceful class war and that momentum has been lost.
@@Maliceless100also Sillicon Valley = CIA. The CiA has their own venture capitalist arm that funds and incubates many of the Tech startups including many of the Big companies. They are harvesting our data.
The greatest Human Sickness is greed. Corrupt politicians, corporations, etc. All war stems from greed.
💯💯💯💯
Most are afraid to be broke. These are whole business communities doing this
This isn’t about greed this is about control
@@betunia98 Control is a form a greed. It's one person being able to make you do whatever they want. It's a greed of not just money but also to eliminate as much free will from you as possible.
This is literally human nature at it's core and it will repeat itself again no matter the economic system
Saagar and Ryan Grim had a great segment where Ryan walked Saagar through how Private Equity destroys the economy with Monopoly money. That segment has left a lasting impression on me. This video is a real example of that. Sad.
ua-cam.com/video/0jWiiT_1GRQ/v-deo.html
Saagar and all other hyper-capitalists love private equity firms, even if they try to hide it.
Break up Blackstone.
Yep, Better late than never.
Has to be done. They're in violation of all the existing antitrust laws. Exactly what The Sherman Act was written to prevent.
But they funded Trumps campaign. He won’t do anything about it.
Isn’t it Black Rock?
Blackstone funded Trumps re-election campaign.
Private Equity is running out of business to pilfer.
Did you even go to university?
It’s basically artificially accelerating the business cycle to get the money now. One in the hand is worth two in the bush goes the logic.
Perhaps that’s an unstable long-term project, but the people with the most long term stability are the ones with the most money, you and me be darned. They can just move if things get rough where they are.
@@Syzygy_Bliss nope. Did you even go to university?
@@SeamusMcFitz-jz9if I did. Can you tell me what about my explanation suggested otherwise?
@@Syzygy_Bliss liberal arts degrees don't count. Try again.
The feds are helping them. (Of course.) I've been running a business since 2010 and it is getting harder and harder to run a business in the USA. It feels like they won't stop until everything is corporately owned.
You'd start to think it's being done on purpose.
Yeah the recent BOI FinCen forms basically require small businesses to register with a criminal investigative agency, with draconian fines for not filling out paperwork, and even when all the financial dealings are already sent to the IRS. If they can't buy you, they'll make you a criminal for having any source of income other than theirs.
It is horrible. Where are our politicians? They are passing laws that allow this shit to happen to good people.
@@valerietweedie4376 they're getting paid to do it.
We need a strong anti-trust FTC.
There is an April article in the WashingtonWeekly magazine titled “Trump vs. Biden: Who Got More Done on Antitrust?” That explains how the Biden admin has been much better
Had to pause half way through to lower my own blood pressure. It’s disgusting what they did to this woman!
I'm halfway through and I'm finding it hard to continue.
Me too! I thoughtnI was the only one. This is evil incarnate.
This is what class warfare looks like. We live in a corrupt oligarchy. We need ranked-choice voting, ballot access, and more parties.
We have more parties just people refuse to vote for them out of nihilism.
@@gurusmurf5921 That's why we need ranked-choice voting - to nullify the spoiler effect.
I’d group open primaries, ranked-choice voting and automatic voter registration together. Altogether they help drive out anyone who pisses too many people off and franchise as many eligible people to vote.
Vote RFK! It's the first step to breaking the uniparty!!!
Too, ask yourself - "when was the last time you actually felt the US was going in the right direction?" If you're anything like me it's been decades since I felt that the US government actually had my back. What's been the common denominator in that decline? Dems and repubs!
There's no difference between trump and biden on the 'big things' - trump promised to 'drain the swamp' THEN broke that promise HIS FIRST day in office by putting swamp monsters in his admin and NEVER talks about it now, biden's never even addressed government corruption! Foreign wars - Yes trump negotiated an agreement to get us out of Afghanistan BUT only happened AFTER he left office - what took him so long? Why not in the first 2 years if it was a priority??? We saw what biden did and now Ukraine and Israel!!! Yes, trump did tax cuts BUT ... $0.80 of every $1.00 of those cuts went to elites & corporations NOT to working middle or lower classes AND we see him promising billionaires and ceo's to not raise their taxes BUT instead CUT THEM! Nothing from biden on what he plans. Then we have covid and trump promising NOT to lock down the country THEN ... locking down the country saying 'it would only be for 2 weeks'!!! 2 years later we were paroled!!! The list goes on and on!
I understand that it might be scary to cast a vote for an Independent. But we've all seen what trump & biden have done and what all the rest of the dems & repubs have done since the '90's - doing the same thing over and over again and expecting a different result is Insanity.
I would say just listen to a couple of RFK's interviews. Listen to what his vision for the US is and where he wants it go. I think you'll agree that it's a much better path then what either trump or biden have planned - can't say for sure cause I have yet to hear any policies they want to put in place other than 'trust me'. Been there done that!
RFK 2024!!!
And campaign finance reform.
She needs to start a channel of her own and talk about this stuff
@TiffanyCianci - I’m on UA-cam and TikTok!
I think she should go back to college first. Her understanding of economics and law are pathetic. She signed up for a franchise exactly for that reason (ignorance of law, regulation, and business management).
@@tiffanycianci god bless you, seriously
@@tiffanycianci Much respect to you Tiffany. What you experienced was horrific and I admire the fact you are continuing to fight against these immoral organisations. Wishing you all the best. I will check out your channel too x
@@user-iu4wh1zs6t you think college is where you'd receive the intellect to decipher patterns and see questionable practice? Private Firms are being predatory and people like her are more than necessary to bring public awareness to such events
The nine most terrifying words in the English language are, “I’m from Wall Street and I’m here to help.”
Not as scary as “I’m from the government and I’m here to help”
@@tbe0116shut up
I'd say that's the 2nd most terrifying.
The most terrifying: 'I'm from the government and ... I'm here to help'.
Just ask the people of East Palestine Ohio or Lahaina how that worked out.
The issues in East Palestine were caused by a corporation.
@@tbe0116 what government its run by corporations
OMG. This deserves a Netflix movie. Small business owner vs Private Equity.
If its from netflix it'll be a puff piece on how they save these poor struggling businesses and whip them into profitable power houses.
Why a society that values Democracy and freedom so much when it comes to government would ever tolerate out-right totalitarianism in the work place is BEYOND me
That's the propaganda we have all been fed with a horn speaker...but consider why it needs to be blasted on high in the first place? Capitalism is no friend to democracy. Why would a system that put money over people be free or ever promote freedom long-term? Communism and socialism, for all its faults...many exaggerated...has been violently attacked and sabotaged by capitalist powers whenver attempted. This despite the fact it was only after our Revolutionary Wars against elites and moneyed interest 250 years ago that some forms of socialism and communism...like public education and literacy, ending slavery, unions, and human rights that don't depend on your net worth...brought most of the progress we see today after millenia of monarchy and feudalism where we gave everything to the already rich. The end of American democracy started with bank privatization that enabled the massive wealth that literacy and social progress enabled to to siphoned off again to elites in the early 20th century...which they repurposed for world wars and propaganda. Hitler and fascism arose in capitalist countries, and he was also initially propped up by industrial capitalists to crush labor unions and replace wages with hate ...much as is happening with Trump now. You can go back and read the puff pieces in the NYT and London Times if you have a microfiche. The endgame to maximizing short term profit for the few is slavery for the cheapest labor and war for the cheapest resources. Long-term, everyone loses...including the rich. Capitalism has good uses, mostly at some end stage in innovations and mass production and distribution. It's not the be all end all, and it has never and would never create and maintain the kind of infrastructure and educated working class we need for society to function. Even in capitalists countries, we rely on a lot of effective socialist policies to keep things running. Our major innovations for example nearly always come from open source taxpayer funded research...because it actually takes a village of worldwide scientist who care more about progress than money to advance that. If taken too seriously, capitalism will destroy freedom, the economy, real innovation, and possibly the world via nuclear war. It's too myopic to do otherwise. Americans need to care about other things than paper money effectively printed out of thin air by venture capital via cheap leveraged debt they then pass onto you via monopoly and pricegouging. New York was sold for a song. Your soul and livelihoods are being sold off for much less. If we want to end this, we need to end privatized banks and the Fed, or bring back at least one public bank in every state (not the same as credit unions), that pushes money and resources into communities at low interest rates, and severely cap low interest loans to private equity. It makes no mathematical or biological sense to concentrate that much power and money into the hands of a few individuals. Human IQ ranges at most 50% above average, and there are only 24 hours in a day. The brains to power ratio is becoming smaller and smaller The more top heavy we are, the harder we will fall.
Crony Capitalism empowered by the uniparty. Nothing but parasites
Democracy is the advertisement, totalitarianism is the product.
It may be false advertising, but it certainly works.
They've all been compromised.
Democracy means oligarchy now.
Finally someone is talking about this!!!! As a small business owner in this economy it is honestly brutal…our SBA rates have sky rocketed since we opened our doors a year and half ago and while we are struggling to survive PE groups are getting massive tax cuts. It makes it really hard to believe in the “American Dream” while you are trying to compete with corporate giants with one hand tied behind your back….makes it damn hard to use a damn slingshot
RFK Jr interviewed Tiffany about four months ago. ua-cam.com/video/xjl0JVaWaFQ/v-deo.html
What do you mean by ‘SBA rates’ skyrocketing?
Talk to your congressperson.
This lady has described this issue better than anyone else
Our beloved local vet was bought by a cut out which obscured the fact that it was owned by a Chicago based Private Equity firm. They have ruined the practice, forced an overnight closure of the pet food store and raised their vet fees through the roof. Many of us in the community stopped going there as we watch a once fine vet practice met down. They will extract as much as they can and then sell it for the real estate. Disgusting.
Reminds me of what Monsanto did to all the seed farmers - farmers who saved seeds and raised new variations of seeds. Now the roundup ready seed is the only one allowed - they hired private investigators and terrorized farmers.
Who wouldve guessed a company called "blackstone" would be evil.
Racist
Best explanation of the private equity dynamics in this country right now. And she’s right- there’s a consolidation of small businesses now to where eventually EVERYTHING will be part of a corporation.
I’ve been seeing and saying that for a while in so many parts of our society. The conglomeration of resources at the top. Top heavy things fall over and break
Greed is rampant in America... Insurance... Housing... Politics.... We need a massive overhaul!!!!
Good thing her husband was an attorney, these people are thieves..
They're sociopaths.
Also, you can contact an independent, experienced CPA if you think something sounds fishy, business-wise. (They'll usually talk with you for free for 15 or 20 minutes, as long as it is not 'tax-season').
It’s crazy, and the thought that she literally did this to help others and build community rather than making money ❤ I hope she finds joy and healing
My wife was forced to start a small writing business during the pandemic. The IRS has taxed our family an insane amount. I don’t know how we’ll ever pay it off. Our politicians allowed this. They only work for the wealthiest and not your average citizens.
This is why you should set aside money for taxes before spending it.
Income taxes are never higher than income
@me-myself-i787 Exactly what I was thinking. Taxes are a percentage of what you made, so you should always be able to pay them if you're operating correctly. Also this video is nothing about the IRS so their comment is a random misplaced complaint. They need to take accountability.
Sounds like she made in ‘insane’ amount of money if you’re being taxed an ‘insane’ amt. Everybody follows the same rules.
Thank you comrade. With the support of people like you soon we will have a system where only people who don't support Dear Leader will have to pay taxes. Do svidaniya.
It's crazy that a law firm, or even individual lawyers would be willing to go to this extent of terrorizing people just to engage in corporate raiding. Like these people live in a safe, comfortable society and have moderate to high incomes, and you'll go to these levels just to make more money? It's monstrous and for truly no good reason.
Whos going to stop them?
Cianci: “Capitalism is a great system if it works as intended” The problem is that people with near infinite resources make sure it’s not a fair system. That is why am for heavy regulation even a mixed economy. Capitalism has so many pitfalls.
Yeah, she sounds like she went to business school. No real critical thinking going on here. Still sad what has happened to her though.
All the things are the result of government giving special privileges to corporations and regulations to crush small companies.b
I hated that part. After going through hell by capitalists using the tools of capitalism she still can't see that it was Capitalism that allowed for this, not just a special case.
A step farther than that: "people with infinite resources" ARE a part of the system.
They don't magically exist outside of it, private equity would simply be outlawed in a Socialist country.
How many times does a bad thing need to happen until people start to stop thinking "it doesn't count, this is an outside force corrupting pure capitalism!"?
This isn't capitalism, though. Its cronyism.
I work for a hospital in our region and I see local Doctor-owned clinics getting bought out by large firms in mass.
Private equity bought up a ton of mom and pop medical equipment companies. It's been horrible for the industry.
Same for the electrical industry. It’s all owned by 2-3 PE company’s.
Need to pressure the government. Blackstone and these other funds will never lose if there is not regulation put in place.
I have nowhere locally to buy groceries, clothes, furniture, almost anything are only available from multi-billion dollar companies.
I buy used when I can, it's cheaper but I do it more out of spite. I like saying, "this old cheap shit is better than anything you can present me" I am simply bored, their trinkets no longer tickle my fancy. Technology peaked at the psp
We need a new political party to address these, big pharma, and a host of other issues. The two current ones have failed us
RFK
Good luck. Until FPP (first past the post) voting is changed to something better, there will never be another party besides D and R.
@@ajg8722The anti-vaxer who has a dead worm that tried to eat his brain still up there has no chance. Maybe pick someone who isn't from a dynasty either.
"We The People Party" and vot for RFK
And then People say companies like BlackRock are just investors and don’t own or control anything smh
Your doctor and hospital are next. The hospital will close after they’ve gutted it and your doctor will have only 15 min with you or he’ll be let go and replaced by a lower level provider, meaning a nurse with a tenth the training of your doctor. It’s happening right now and accelerating.
Yep, just look up 'Medical Properties Trust'.
Already happened to a Hospital system in MA
I worked on the evil side of this kind of situation for a short time. Every single thing she is describing is accurate from my own experience and the work we performed. They àre not even interested in succesful business. They are interested in extracting wealth from a community, group, or individual. Losing has no consequences to them except their pride. The petty attacks on her are incredibly costly. Even the statements of "making an example" doesn't cover it. They will burn everything and destroy all value just so they can own the ashes. Because they have so much wealth it no longer matters.
Were the people you worked with psychopaths?
How articulated!. She’s a great speaker. She can start her own movement with enough following. We have to fight this corpotocracy.
I left my vet because it was taken over by a private equity group. These groups do nothing but harm small businesses. I’ve been watching it happen locally. It’s one of the reasons why prices have increased not related to inflation.
This woman is amazing. Strong, educated, and doesn’t give AF. Everyone needs to see this video and whatever this woman does I am a supporter.
If this happened to my wife, I’d me in jail and they would be dead
Been employed by one business who had two different PE owners in a decade... First one basically bought us up, sold off assets and saddled us with debt, then sold us off a few years later to another to merge with a similar company they already owned - and of course layoffs and other merger cutbacks.
When your boss preferred direct CASH options to the company and use debts as part of the expenses to all employees and all employees still proud of their monthly paycheck which literally take it from everyone’ bank saving account 😂😂 and the boss will exist doesn’t care at all. As for the real capitalist like Warren Buffet, he gave your boss XXM shares, and your boss needs to work with integrity and dignity to CREATE values, GENERATE cash flows for the company, APPRECIATE the employees who help to generate cash flows and revenues, in return, even average salary, your boss can give you a year end bonuses by leveraging the shares, liquidate the shares, generate more cash flows to the company, employees will feel much stable, and keep creating innovative strategies, products, healthy workspace, labor compensation via the company itself. So which companies done all this: Tesla, Apple, Nvidia…..and many. Keep creating, not town hall weekly gathering to inspire the employees. BUT many love sugar daddy, the PE firms. LMAO😅😅😅 some PE firms don’t even have the legit approved shares by the security authority regulator, came and ask company like mine for shares so that they can raise funds from the public and buy small businesses. What’s their collateral to their investors? You know the answer…. AND, what are those financial product that they sell to the market?😢😂😂😅
Maybe we should end the tax advantages and easy money that allows these firms to borrow to buy companies at low rates. But that would be to acknowledge that the government has a large part to play here
The carried interest loophole was nearly eliminated in the (D) Inflation Reduction Act in 2019. It was stopped by one then (D) Kristin Synima and all the (R)s
Elections have consequences. Vote accordingly
I left small biz and work for a bigger small biz that’s been getting shopped around to PE firms
Welcome to Capitalism.. Anymore complaints?? 😂😂😂
@@jonathan7249 who was complaining???? i have equity in the company lmao.
Welcome to capitalism with no guardrails.
We need antitrust law to be enforced again.
Holy sh*t. This is wild.
BlackRock has more than 9 TRILLION in "managed funds." Only two countries, and the entire EU, have domestic outputs greater than 9 trillion dollars.
Used to be only banks that had enough capital to affect national and global economies when they did dodgy shit like "credit default swaps" in 2008.
But banks... Banks have too many rules. So many regulations, stifling innovation and creativity, bah!
Private Equity, however... Snapping up Bitcoin, ramming btc spot ETF up Ginsler's behind, sucking up vast amounts of real estate and single family homes, generating massive wealth from shady, but legal business practices, without the necessary labor propping it up- these firms create financial bubbles by manipulation of markets and creating artificial scarcity that has real, organic effects. Here's the major source of inflation.
Government can regulate this kind of corporate malfeasance, or it can enable it. What else is going to stand between you and ten trillion dollar corporations?
The hand of the free market, lol? Blackrock wears it like a glove, and tells it to hold its beer.
Best comment
Imagine how many problems would be solved if only individuals could donate to politicians with $100 cap
That sounds like it would leave millionaires being able to outspend everyone else. I think what you're suggesting is campaign finance reform...
@@user-iu4wh1zs6t No it wouldn't because you can still raise a lot of people like you
We'll need an Article 5 Constitutional Convention to get that done.
good report James! shine the light on these financial ghouls
I’m all for saving Jersey Mike’s, but even better, go to Joe Schmo’s local sandwich shop. Skip franchises and chain restaurants all together.
Even better, buy local food from a farmers market and cook at home!
The best business to save first is YOUR personal home, your family, your future.
Restaurant food prices are OUT OF CONTROL.
That was happening around the Pandemic everyone is just catching up...
PE bought a 15 generation family farm in Newburyport, MA. Ruined the next generation livelihood. happened around covid another disaster that the US Gov gave us. What is world turning into.
What judge allowed so much of this? They should be disbarred , the lawyers for that equity firm should be disbarred and fined/jailed.
Arbitrator Patrick Irvine - Fennemore Craig Phoenix, AZ
Norman Leon, Madeline Cordray, and Laura Sixkiller of DLA Piper Phoenix, AZ
Stephen Polozola - Chief Legal Officer of Unleashed Brands.
What about supporting your local sandwich shop that isn’t even a franchise?
Even better!
That was what I led with as the single most important thing we can do!!!
They don't have spinach
Ayuh.
I keep telling people about this and they just act like I don't know what I am talking about. and wonder why prices are so high.. why rents are so high. why they have to wait so long at a doctors office or clinic... it's everywhere!!!
I know how difficult it is to scream in a room full of maniacs and never be heard only for Forbes and Bloomberg Business to vindicate me a few years later. Happens all the time.
Her assessment is perfect
Nope.
Capitalism did this to her and she's still supporting it.
Reagan started the self-destruction of this country when he quit enforcing antitrust laws.
@@anthonytwohill9726I mean that's just one part of what she said. I just think that part of the conversation takes a little more nuance. Really it's just the capitalism with no rules . What's the French word ? ( lesi fair , capitalism) . Yea monopolies are inherently not capitalist cuz they hinder competition and when there is no alternative left then people must settle for what is given. Simply have capitalism with no monopoly and take more thing of the table that one can make a profit from in the economy and it will work better. Like housing shouldn't be totally left up to independent corporations. But at this point we would call this a mixed economy. But doesn't matter what u call it but what it does . China calls it self communist but really they are some of the hugest monopolies in the world , government only steps in when u don't align with their value which is easily fixed by say ( I love china ) and holding a flag 😂.
Anyway what she said was pretty good anyway I think. Most people Simply don't have the capacity or sometimes honest to fairly critic capitalism on both sides really
@@komlat253 Capitalism doesn't say anything about monopolies. Capitalism is fine with monopolies. Capitalism is about one thing: economic policies which favor those who hold capital. If you depend on a paycheck, you are not a beneficiary.
It goes offshore. You would be shocked where a lot of it goes with these billionaires names on hospitals, schools and charities overseas.
Israel
Bush’s deregulation of mortgage lenders allowed massive amounts of money to be stolen from average Americans and moved out of the country.
Aside from Toys R Us, those businesses suck and they should go out of business. I thought about this a lot. We need to go back to small proprietary business networks. That’s how you make an affordable living while flipping burgers. It’s also how we end the minimum wage crisis.
That sounds like it would create logistic inefficiencies. Nothing promises that a local business owner would be any better than a corporate owner. Local land lords have proven this.
@@user-iu4wh1zs6t No, so many mega-corporations today aren't about 'efficiency' at all...they're just 'looters'.
@@user-iu4wh1zs6tLocal land lords are just plugging all their information and decision making to an algorithm, making everything defacto controlled by that algorithm. DOJ is currently investigating this collision.
James Ali is doing an amazing job. I’m proud of him and appreciate the work he does
Nailed it Breaking Points! Small journalism should not be the only people talking to her....👏👏👏👏👏👏 Share this!!!!
Holy F**K. That was just appalling what happened to her. And that this abuse was mostly legal is shocking.
RFK Jr. spoke to this woman and he understands the existential threat that a monopoly of private equity imposes.
This is so messed up
You are very brave woman, Tiffany. My prayers are with you and your family.
My heart breaks for this woman. Her ability to connect this personal experience to the bigger picture and the snowball its creating is well done.
Wow. This is huge. She is absolutely correct.
RFK interviewed her to highlight the issue. He wants to stop this kind of stuff!
Oh really? Where is that/ what is it called?
@@joebuslife9275 ua-cam.com/video/5mMnvXWAwvA/v-deo.htmlsi=qSHykQ5MzuyHE8n-
@@joebuslife9275 RFK Jr.: Small Business - The Last Frontier For Private Equity
YT has removed the link the 5 times I tried to post it. There's a short version on YT and a longer one on Instagram
@joebuslife9275 Small Business - The Last Frontier For Private Equity.
Use his name with that. The replies with the link... and then even the title containing his name keep getting removed and I've tried at least 5 times
@@joebuslife9275 hopefully the last reply w relevant info was able to stay
Can't believe that after all that she still thinks trickle down is actually a thing.
That’s not what I said. Hours of footage were cut for time constraints. That’s supposedly how the system is supposed to work and that’s the system I have to fight against.
Lolll I was just thinking “Hmmmm I wonder if Jersey Mike’s is owned by private equity?” Then she mentioned it
Good lord, it's so true that love of money is the root of all evil. The damn greed ruins everything. Regulate private equity into the ground.
This is the best story you've told.
I have my own story for private equity ruining mid-cap businesses too, it's happening in all areas.
Another way we can call this also is end stage capitalism
Wow. No wonder Jersey Mike's is better than other sandwich chains. I think I'll have a cheese steak today.
Don’t forget that every business “taken over” by private equity had a SELLER who was willing to sell to the highest bidder. And private equity is always the highest bidder!! That’s how they get the deal. As Americans, we can’t keep SELLING out each other. 2:40 she says the silent investor sold his entire stake. And he probably walked away rich and happy…. But look at the destruction. That’s why understanding this issue is important for all voters. We can’t keep selling out and think something’s going to change.
This is happening everywhere, in my small town as well. Restaurants and bars that were mom and pop for decades, in particular. The private investigators hired to harass by private equity is common practice also. They basically hire thugs with PI licenses to intimidate small business owners. They do not care about people or basic decency, only money.
I'm watching this on my TV so I couldn't respond, hence while I'm here. She made a fantastic example. As much as I'm for capitalism, her example is a perfect reason why it can be evil. I been trying to help local businesses, however sometimes I also need to save money. I vote, but is the person I'm voting for lying? I mean of course I'm sure they are, still. Lastly F@@K Blackstone. Bottom line what can we do to change these monstouress companies who are running the gov?
Great reason to never get into a franchise.
Yes!!!...why do you 'need' a franchise to run something as basic as daycare?
And PE has just paid off the 5th US Circuit Court of Appeals in New Orleans in a lawsuit against the SEC. Everyone in government keeps taking PE's side.
Wow, thank you for covering this. This is crazy.
My organization is designed to do the positive outcome that was promised but they lied about.
Her faith in trickle down economics unchanged after all that she has gone through is truly puzzling.
I work for a independently owned franchise / dealership in the trade show exhibits business. The brand / manufacturer was bought by PE years ago and prices have exploded way beyond the competition, and service and support to the independent dealers has pretty much collapsed. We now struggle to win projects without majorly reducing our own margins.
The PE group has come in and tried to buy up as many dealerships in the larger markets as they can to secure sales revenue. While undermining the remaining independent dealers. Amazing how these PE groups just come in and purposely choose to destroy everything that made the company and brand as strong as it is.
Thank you, BP, for this informative piece. Interviewing someone with a first hand experience on the evils of PE is much, much more informative than just explaining what the issue is all about.
Lady, you need better lawyers.
I agree. She should get enough money to take the corporate lawyers from the people that screwed her over. Only a couple more dollars
I can suggest RFK. Jr. Seriously, he gets this.
Lady, just spend more money .🤓
Not everyone has millions of dollars to spend on lawyers like large corporations/private equity.
Theyve spent an estimate at $11 million. I’ve spent everything I had in 700,000 more than that. How much more can I spend?
This is an amazing, eye opening interview. I hope people share this.
RFJ Jr also did a few in-depth videos on this. And, it’s not just businesses that are being taken over. It’s also real estate and land, too.
But with businesses, the private equity teams can keep the old business name, and consumers are none the wiser.
You know… those in the PE have names, addresses… if they’re literally harming your pregnant wife and unborn child, the Gary Plauché method sends a very clear message.
I've been saying this for years. They cant own everything if no one is left to take it....
The Stockholm syndrome is real. The fact that you could go through this and see what PE is doing and go, “but Capitalism is a really great system…in a PURE sense!” Yeah lady THIS IS IT! This is how it works! There’s not some other, “good” version where the guys with all the money just decide to be altruistic
I mean what's the alternative ? Communism xD ?
@@warnaoh Thankfully the world of economic concepts isn't simple or binary.
Our government can change some of the rules to make this type of financial behavior bad for these vampire capitalists. Capitalism is not bad.
Yes. Political Stockholm Syndrome: you become so familiar with the political party that is abusing you, that you continue supporting them.
Wow, what bastards!
#PeasentsAndPithforks
This is such an important piece. People need to see this.
Contractors are affected by private equity too. My biggest client was taken over by private equity, and part of their cost cutting has been a vast reduction in how much business they send me.
Great reporting, James.
And here I thought Sauron was the personification of evil.... Whew. Private equity!
Because sauron was just a big dude with a mace. The eye wreathed in flame that scrutinizes you from a castle far away and scans the hills and valleys looking for where your community keeps its money is more akin to an equity firm.
The pterodactyl guy?
We used to go to that Little Gym! Lots of great memories from there! I’ve met Tiffani on many occasions, and she was always not only a joy to be around and sweet as could be w/every child there, but we also knew she is a “take-no-shit-from-anyone” kind of person, and I always liked that.
Fun fact - that landlord is probably regretting kicking her out b/c that Little Gym closed a few years ago, and they haven’t been able to fill it. I sure hope they’ve been able to stretch that $120K b/c they haven’t earned a cent from that space in over three years.
Genuinely a well-produced video that is really informative and highlights a story that nobody else is covering yet is integral to showcase the direction our economic policies are taking us. Keep it up 🔥🔥
I knew that AMS69X was ahead of the game, but my mind is officially blown
Reporting as spam 😑 This video is nothing about that, this random comment has 1k+ likes with no comments but mine. Shame on your bs.
@@talyahr3302I think once it snowballed people just assumed it was a hidden name of the private equity firm.
I will share your story with everyone .
What I didn't hear is why private equity is so rich and powerful. Money printing and zero% interest. E everyones rush to get every dollar out of the money they were paid in... Inflation... Has devastating effects on the little people.
This is what happens when interest rates are 0 percent and investment money is "free" (without interest).
People at the top can out pay regular people for the price of assets and then change the rules so those people will never get a chance.