I sincerely believe that the US economy passed the point of no return long before the first financial institutions made noises about it.
Just think, things would have to be REALLY DIRE for a company like any of these to make such a statement. The slight whiff of trouble and shares
plummet. Just look at Apple, their CEO sneezes and value drops.
I always find myself coming back to the car makers.
They were/are in desperate times. They're given billions of $ to keep them afloat.
But they're being kept afloat to make cars that no one is buying.
There are millions of cars globally waiting to be sold, and no one is buying.
You don't have to be a qualified accountant to know that this is all BS, it's an attempt by the government to stage a collapse rather than allow a
sudden release of 3 million people into unemployment and state welfare.
The businesses are no longer viable. No customers means no sale, no sale means no production, no production means company dies.
We'll see one go under, then a couple months later another, then the third will face the slightly better chance of being a sole supplier on a limited
There's barely room or a market for one of these three companies.
I am of the firm belief that all of our governments are holding back on how desperate this situation is to avoid mass panic, a run on all the banks,
and a complete and immediate collapse. It is in their interest to continue to say there's hope it'll be ok, while they stagger the collapse over
time to acclimatize the population to the new way of life that this will bring.
You cannot just print money and inject it into the system whenever you like to shore up another sector, these things have been controlled carefully
throughout history for a reason. There has to be a carefully maintained balance.
Right now the balance has been thrown off completely, and it continues to be thrown off further every time they release another billion into another
sector to be eaten up by an increasingly bloated and increasingly hungry machine.
My guess is that over the next week or two, another few massive financial businesses will report their struggle.
Then a few more states will join California.
Within a couple of months, one of the "big three" will be allowed to collapse. Then another.
I think that by June everyone will be in no doubt about how severe this problem is, and I am almost certain the the American government will be forced
to take a massive and dramatic step; the restructuring of the entire financial system.
Of course, you have other factors in there too. If there is another attack on the USA as some are predicting, this will change the game completely.
Of course, everything could be fine too. At least, that's what the government says