With or without government bailouts, the auto industry, worldwide will fail. Look at it this way; anyone who needs a car already has one, and if you don’t have one and need one (my young daughter) you’ll borrow or buy used. If you’ve driven coast-to-coast along Route 80 like I have, then you should be able to predict what will happen next. Whole towns beginning with
There’s more. Since
After a few years and some stability in the “new order,” we will see worldwide hyperinflation because of all the “Monopoly money” that is being printed to shore things up right now. As in the
There’s more such as Silicon Valley’s demise (see the recent Intel announcement), empty (closed) restaurants in
Jesus I hope that I am wrong but the logic seems inescapable to me.