Candace
Ian Carroll Unleashed 2 | Urban Air Gets Darker And Trump Turns On Israel | Candace Ep 185
14 May 2025
Afrikaner refugees arrive in America, Trump seems to distance himself from Israel, and the Urban Air story gets way darker. Follow Ian Carroll's official channel here: https://www.youtube.com/@UCCgpGpylCfrJIV-RwA_L7tg 00:00 - Start. 00:40 - Urban Air.36:22 - Afrikaner refugees. 44:07 - Trump & Israel. Smile Get 15% off + FREE shipping with promo code CANDACE at http://www.TWC.Health/Candace American Financing Act today! Call 800-795-1210 or visit http://www.AmericanFinancing.net/owens American Financing 800-795-1210, http://www.nmlsconsumeraccess.org, NMLS 182334, nmlsconsumeraccess.org Tax Network USA Call 1(800)-958-1000 for a private, free consultation, or visit http://www.TNUSA.com/Candace Candace Official Website: https://candaceowens.com Candace Merch: https://shop.candaceowens.com Candace on Apple Podcasts: https://t.co/Pp5VZiLXbq Candace on Spotify: https://t.co/16pMuADXuT Candace on Rumble: https://rumble.com/c/RealCandaceO Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
Well, there's a new immigration scandal today, and this time it is white people trying to come to America, and everyone's got a hot take. All that while Trump is seemingly reversing the status quo policy on Israel and simultaneously making deals with Saudi Arabia for hundreds of billions of dollars.
And we'll get to that right after we drop a big bombshell on the story we started yesterday about Unleashed Brands, Michael Browning Jr., and The Little Jim. All that today on Candace. Today, we're going to start with a brief reminder of what happened to Toys R Us, famously bankrupted by the private equity firm KKR and Bain Capital.
Because it's important to highlight just how much private equity will do for profit and how little they care about who they hurt while they do it. Before private equity bought them out, Toys R Us had $1.8 billion of debt. After private equity was done with them, they were loaded with more than $5 billion of debt. By 2007, interest expenses consumed 97% of their profit.
Amazon was a juggernaut that spelled the demise of traditional retail stores, and in 2017, roughly 7,000 stores and 50,000 jobs evaporated. Between 2015 and 2017, of the 43 large retailers and supermarket companies that filed for bankruptcy, more than 40% were owned by private equity firms.
But what's worse, private equity has started to master the art of the leveraged buyout, where they don't actually put up the money to buy a business, but instead just take out a loan using the business they are about to buy, but don't yet own, and they use that as a collateral to secure that loan.
Quote, many private equity firms ship in only about 1% to 2% of the equity needed for a leveraged buyout and skim fees and interest throughout the deal. If things go well, the firms take a huge cut of the profit when they exit. If everything blows up, they usually still escape with nary a burn.
Another common tactic used to gut a company is once you control it, you sell off all the real estate to your real estate buddies and then force the company, Toys R Us, to lease back its own properties for monthly rent, further sinking the balance sheet. The private equity model, often called vulture capitalism, is to loot and flip, not to invest or run companies well.
And many people don't realize just how many beloved brands have been bought out through these types of leveraged buyouts. This is just a small smattering of recent leveraged buyouts, mostly by private equity, but sometimes by public megacorporations as well, as in the example of Kraft Heinz.
The big boys also realized during these years that forming cozy relationships with big consulting firms is a great way to simultaneously mismanage a company and take absorbent fees while you do it. The consulting industry is ruled by the big three. That would be McKinsey, BCG, and Bain & Company. Some of the big private equity firms even have associated consulting firms or vice versa.
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