Government Motors – Another One Bites The Dust!
There is a lot of talk about the GM motors bankruptcy over the last several days. I must say its quite entertaining reading others thoughts, but when you chisel away at the excuses and all the B.S. by ignorant analysts you have to realize one important thing….
Even if you bailout a company in trouble they will eventually go bankrupt anyway.
YES! Eventually somewhere down the pipeline anyway!.
After nearly 100 years in service and over $88 billion dollars in losses, they are paying the price for getting caught up in this whole credit crisis mess. As the truth slowly leaks out to the public, anger is building and bullying the govt to stop bailing out companies that are already dead! But only 1% of people have woken up to what is going on.
I bet the bookies taking bets over this one are left scratching their head, while the bailout teams in the government are visiting their therapists explaining their lack of work lately! LOL. But the government still have their ‘little black book of tricks’ out and using every tactic, and this will continue for some time yet.
But…What happens when they get to the end of that book?. THINGS WONT BE PRETTY!
You remember back to Obama’s legendary speech of “YES WE CAN!” well someone just gave Obama the backwards ‘peace sign’ and said, “NO YOU CAN’T!“ [**insert Obama smurk here**]
Also regarding the dollar, we saw Treasury Secretary Timothy Geithner try to lie to China by reassuring the Chinese that the US Dollar was sound. Unfortunately for Tiny Tim, the students he was lecturing at the time fell off their seats in fits of laughter. But just look what has happend to the dollar in the last few weeks. Gravity surely is kicking in!
Looks like you can fool some people some of the time, but not all of the people all of the time.
You have to remember that the Chinese are not stupid, and know this cat and mouse game.
They understand and know from experience, that running the printing presses with unlimited Dollars is devaluing it to nothing so quietly and for longer than you might think, they have been buying the ancient safe global currency of Gold.
While the govt keeps saying you don’t need gold because they have eveything under control, (yes we have heard this sob story before) behind the scenes they are breaking down and they are getting desperate. So my friends, expect something which is meant to shock go down this Summer.
This and much more is covered in the video below, Enjoy…..
