You know what is going on. You guys welcome back to another video if you're one of the 10,000 people that dropped a like on yesterday's video. I just want to say thank you all so so much that is actually insane. We've been breaking our view goals.

Our light goals - and you guys are just insane with the support in the comments of the video, so you know as a creator as someone on this platform, I feel like my job is to definitely give back and to keep meeting those expectations that you guys deserve. I'm gon na be trying my best. I'm spending a lot of time. I just freakin paid like 50 bucks for cable just so I can get more up-to-date information a little bit quicker for you.

Guys today is Tuesday May 5th, and we definitely have some more interesting information to bring now two things I want to cover in this video we're gon na be talking about additional companies going bankrupt and we're also gon na be talking about what is exactly going on. In the house of the Senate right now, because they have came back, they have been working on a couple things, and there are some things that you guys need to know right now now as time progresses and as this continues to go on we're gon na see A lot more name brands higher in the tier a lot more popular ones filing for chapter 11 bankruptcy. I'm gon na go over exactly why that's not completely bad at all later on towards the video, but the companies that actually filed for chapter 11 during this day, who was j.crew, gold's, gym, gold's gym actually special place. In my heart, I've been going to the Gold's Gym by my house, for I would see since I was like six grade, that used to be a fitness.

First, then Gold's Gym bought them out and now they're filing for chapter 11 bankruptcy. We got Neiman Marcus going out under we got Sears and JCPenney now, keep in mind, stores like Sears were actually already going out of business, and this, if you guys watched my video from yesterday, I talked more about the emerging world of e-commerce and how people are Trying to buy things more online with Amazon, Walmart and different businesses just crushing the online space it takes away from a lot of these brick-and-mortar retail stores that have been around for ever. Sears is one of them, they're actually filing for chapter 11 as well. Jcpenney, like I said so, what does chapter 11 mean? Well, I talked about this in yesterday's video.

How? Basically, this is an opportunity for other businesses, corporations and companies to be able to reorganize their debt and to let go of this real estate that they've had. Will we be in a situation where a lot of our citizens are ready to work, but when they come back their jobs? Don't exist anymore, that store shut down that, but he shut down and they don't know what to do so. Equally, I feel, like the effort, needs to be placed in two different directions: one right now, the president, and that pretty much goes into what Congress is doing right now and our senators meeting up but number two after all, this is over. Are we gon na? Have a set plan for our people, or are they gon na be jobless for the rest of the year off of unemployment benefits that may run out too? So this is definitely a very high concern.

I don't see a lot of youtubers talking about the broader picture too, and I don't hear a lot of people actually talking about the reality of this. I know a lot of people are just focused right now on getting the money getting the stimulus check and I 100 % agree it's very important to get that right now, but I'm also thinking about how we're gon na set up our economy. So we have that prosperous growth that we're really looking forward to. Okay, now that we got that covered, let's talk about the Senators and basically what's happening in DC.

So over the past six weeks it's been a constant debate. Whether or not our senators have a position called an essential duty position, because if you're a nurse, if you're a police officer, if you're an essential worker, you have to be working right now, unless you have a valid excuse now, it's a little too early right now To give out any definitive information on possible bills that are in the works, but right now at this moment the Senate is working pretty hard, they're practicing very extreme social distancing efforts. Generally, it used to be 25 people in a room and now they're, reducing it around five people, they're making special exceptions like how the bathrooms are gon na work. Honestly, I wish I could be here right now and be like alright.

This is what's happening there they're trying to favor this bill right now, but it's a little too early to give you guys any type of definitive answer. I don't want to get anyone's hopes up, but I think the best information right now to be heard is that they are working right now they are back, they are actually doing their thing, so that is probably the best news to hear. I feel like, within the past few months, with quarantine everything happening with the situation. It's always been the same answer.

It's like wait like this is a waiting game and people cannot afford to wait out here. So as much as we can just sit around and not do much. It's critical to understand that every day that passes is another family that can potentially be kicked out onto the streets or another family, not having enough money to eat as people. Our biggest responsibility is to make sure that people who are in charge of us or leading the country they're in check, and we have our civil responsibility to know all the information at hand and we have a voice and I feel like a lot of people, neglect That, but this goes down to our constitutional rights.

This is why we have the freedom of speech. We have our voice if you guys have any urgent needs, if you guys have anything very important to say, leave them down in the comment section or even better email. Your state representative, your governor, your senator, there are ways for you guys to stay active during the situation, even if it feels like there's not much. We can do think about it like this.

I'm a nobody, I'm just one person on this platform, but yet I still have the opportunity to be able to teach and speak to a mass amount of people, hopefully to influence you guys for the better educate you guys and to make sure you guys know the Right information, just as I can do this right now in the comfort of my own home, you guys all can do this right now that right there pretty much wraps up the whole video. I just want to give you guys an update of the situation going on in some of those other businesses going out. Another additional thing that I do have written down on my little notepad right here is that if you guys have a lot of store gift cards - and I know some people like to hoard these over the years - and I know myself too - I'm a little guilty of That, in my drawers, I definitely have a whole bunch of gift cards that I've never spent consider using those gift cards for different stores like if j.crew is filing for bankruptcy just to be on the safe side. Just in case a company completely goes under.

You don't want to be in a situation where you're left with a $ 200 or a $ 300 gift card to like hmm, and then you can't use it at all because they just filed for complete bankruptcy. So if you guys have any type of gift cards liquidate it, that would be my recommendation to you right now and in addition to that, don't forget to drop a like on this video. If you guys found any type of value. I hope you guys have a really good one and, like always, don't forget to check out the links down below in the description, if you guys want to have a chance at winning two free stocks, one valued up to 1,400 dollars with weeble after you, deposit $ 100 feel free to check out those links down below.

I also have bank accounts and other free finance products where I'll literally make you guys free money now, like always, thank you guys so much for the support, and I hope I see you guys the next one peace.