Well so I said so it happens- Rumors today saturday that GM might file for bankruptcy. Told you but geez who am I for anyone to listen to. Another dying industry in America that we are trying to keep a float. Now what I really want to know is why did we give them that money when everyone knew in the back of their minds this was not going to work.
I keep on saying Nationalize the banks, dont save the automakers but oh no you are crazy. Let me tell you something it is GOING TO HAPPEN ANYWAYS!. Why? because they are no longer viable entities and what we should be doing is finding new industries to develope and stop throwing money at old thinking and philosophy.
Let me tell you something CHINA is going to be ahead of the US when we get out of this down cycle, why? Well the main reason is that they are putting money in their system for future development and not into political motivated industries based on 1980 economics. We better seriously turn the thinking caps on in Washington and the people who have the power because with Germany and China holding a huge amount of our debt, they can essentially call the shots on the US when everything starts to turn around to their advantage. This will be one cat and mouse game of global monopoly, watch and see folks, just watch and see.
MARKETJEDI
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