by Zero Hedge

01/15/21

Less than a week after President-elect Joe Biden on Jan. 8 promised to “defeat” the National Rifle Association while he’s in office, the organization said in a statement tonight that it has filed bankruptcy petitions in U.S. court as part of a restructuring plan.

The NRA says the plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas.

The NRA’s lobbying arm recently published an article that says Biden would “begin a concerted attack on the rights of American gun owners” after being inaugurated.

“We must be ready for the onslaught,” the post reads, adding that a Biden administration, if officials get their way, “will ban and confiscate the most-commonly-owned rifle in the United States” and “will arbitrarily limit the number of guns that can be bought per month,” among other measures.

And the reaction to Biden’s election is already evident as we recently noted thatAmericans panic hoarded guns in 2020, according to the FBI’s latest firearm statics. 2020 was a record-breaking year with a 39.9% increase in FBI firearm background checks. 

FBI Firearm Background Checks (Monthly) 

The panic grab for guns and ammo began in March/April when the virus pandemic and economic crash triggered the first wave.

Then the second wave of buying occurred in the summer during social unrest sparked by the police killing of George Floyd. With a transition of power from gun-friendly Republicans to gun-hating Democrats, the next wave of buying should be underway before bans or restrictions come into law. 

Last year, a total of 39,695,315 completed background checks – up from 28,369,750 in 2019 – the year marked the most firearm checks in history, since the FBI began recording firearm sales in 1998.

FBI Firearm Background Checks (Annual) 

Nine of the top ten highest firearm-check weeks occurred last year during the heights of the pandemic and social unrest. 

During President Trump’s “Stop The Steal” campaign, firearm background checks rose in December due to the threat Biden could become president. 

TMZ interviewed gun shops in 20 US cities this week. What they found was at least half of the gun shops reported a “substantial increase in sales of firearms and ammunition since pro-Trump insurrectionists stormed the Capitol Building on January 6.”

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