Friday, November 7, 2008

GM/FORD are just about CLOSED DOWN-ALERT!

FROM CNN: GM, world's largest carmaker, reports $4.2 billion loss and warns it is running out of money. Ford: Massive loss, job cuts
Detroit under siege: Ford auto unit burns through $6.3 billion and cuts 2,600 hourly workers.
US STAT:Jobs lost in 2008: 1.2 million
Payrolls shrink by 240,000 in October, 10th straight month of cuts. Unemployment soars to 6.5%

Comment: GM is not looking to merger anymore but rather ONLY to stay afloat. If these company go BANKRUPT we are going into a DEPRESSION the next day. The number of companies associated with GM/FORD are mind boggling! They will all go bankrupt and close. ARE YOU READY?
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Labels: depression, recession,gold,silver ,

1 comment:

  1. UnknownNovember 7, 2008 at 12:58 PM

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    ReplyDelete

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