AMERICANS WILL CELEBRATE THE DEATH OF GM TODAY... PROBABLY WITH A 300+ POINT RALLY ON THE DOW.
(GOLD AND OIL WILL ALSO SOAR....)
LET US REJOICE BECAUSE THE LAST OF THE UNIONIZED "LEGACY INDUSTRIES" IS NOW BANKRUPT...DEAD... AND NOT LIKELY TO RETURN IN ANY MEANINGFUL WAY...
WALL STREET HAS ALWAYS HATED THE UNIONS...EVEN AFTER THE MASSIVE SHIFT OF PRODUCTION CAPACITY TO CHINA...
WALL STREET AND INTERNATIONAL CAPITAL HAVE ALWAYS FEARED THAT THE VERY PRESENCE OF THE UNIONIZED US AUTO INDUSTRY WAS A "SOCIAL DANGER" THAT COULD SPREAD TO THE REST OF THE ECONOMY...A TOXIC STATE TO BE AVOIDED AT ALL COSTS.
IT HAS BEEN CLEAR THAT THE MOVING OF PRODUCTION TO CHINA HAS MADE UNIONIZATION A MOOT POINT... BUT THE HATE FOR DETROIT AND AMERICAN CAR COMPANIES LIVED ON...SORT OF AS A HABIT...
OF COURSE THE AMERICAN MIDDLE CLASS IS NOW DEAD TOO...FOR VARIOUS REASONS...LIKE THE DEMISE OF THE BUBBLE ECONOMY... SO THE ISSUE OF CONSUMER CONSUMPTION IS NOW THE BIGGEST THREAT TO THE US ECONOMY...
BECAUSE THERE ARE FEW BUBBLES LEFT IN THE AMERICAN ECONOMY THAT THE AVERAGE "MORNING JOE" CONSUMER CAN TAKE ADVANTAGE OF...
THE BUBBLES NOW ARE CONFINED STRICTLY TO THE LARGE BANKS AND BROKERAGES...AND OF COURSE WALL STREET...
WALL STREET IS THE "LAST BUBBLE STANDING".... WALL STREET WON!!
BUT THE REST OF THE US ECONOMY IS ESSENTIALLY A DEAD ZONE...
THE VICTORY FOR INTERNATIONAL CAPITAL IS COMPLETE!! HENCE THE BIG RALLY TODAY.
LET US CELEBRATE...(VERY QUICKLY)... THE FINAL SOLUTION OF WALL STREET PROBLEMS...!!
NOTHING STANDS AGAINST WALL STREET NOW...!! IT'S OVER!!
AND THE US ECONOMY HAS BEEN REDUCED TO NOTHING BECAUSE OF IT...A DEAD ZONE.
