{"id":41174,"date":"2018-12-02T06:40:10","date_gmt":"2018-12-02T11:40:10","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41174"},"modified":"2018-12-02T06:40:10","modified_gmt":"2018-12-02T11:40:10","slug":"general-motors-and-general-electric-were-both-victimized-by-the-same-ponzi-scheme-and-they-are-both-telling-us-the-u-s-economy-is-in-huge-trouble-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41174","title":{"rendered":"General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble"},"content":{"rendered":"
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General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>America\u2019s twin economic \u201cgenerals\u201d are both in very deep trouble.\u00a0 General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet.\u00a0 But now it is drowning in so much debt that it may be forced into bankruptcy.\u00a0 General Motors was founded in 1908, and at one time it was the largest automaker that the world had ever seen.\u00a0 But now it is closing a bunch of factories and laying off approximately 14,000 workers as it anticipates disappointing sales and a slowing economy.\u00a0 If the U.S. economy really was \u201cbooming\u201d, both of these companies would probably be thriving.\u00a0 But as you will see below, both of them have been victimized by the exact same Ponzi scheme, and both firms are sending us very clear signals that the U.S. economy is heading for troubled waters.<\/p>\n

Whenever you hear the word \u201crestructuring\u201d, that is always a sign that things are not going well for a company.<\/p>\n

And it turns out that GM\u2019s \u201crestructuring\u201d is actually going to cost the firm 3.8 billion dollars<\/a>\u2026<\/p>\n

General Motors said Monday it plans to effectively halt production at a number of plants in the U.S. and Canada next year and cut more than 14,000 jobs in a massive restructuring that will cost up to $3.8 billion.<\/p><\/blockquote>\n

Of course GM doesn\u2019t have 3.8 billion dollars just lying around, and so they are actually going to have to borrow money<\/strong> in order to close these plants and lay off these workers.<\/p>\n

Needless to say, President Trump is not very happy<\/a> with General Motors right now\u2026<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble America\u2019s twin economic \u201cgenerals\u201d are both in very deep trouble.\u00a0 General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1361,5022,12857,4901,3054,7452],"class_list":["post-41174","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bankruptcy","tag-general-electric","tag-general-motors","tag-michael-snyder","tag-stock-buybacks","tag-the-economic-collapse-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41174"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41174\/revisions"}],"predecessor-version":[{"id":41175,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41174\/revisions\/41175"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}