Minus $16 Billion
That's the net worth of the once great General Motors if you count their contractual pension obligations going forward (and why wouldn't you?). Recently, out of a real business necessity, they're pursuing cash flow at the expense of profits to the tune of about $1,200 cost (borrowed) each time they sell a vehicle. Know what? I really don't care if GM--or any other once-great American company, for that matter--goes under. Sell it off for scrap, for all I care. Do you know what else? The prospect of tens of thousands of GM employees and retirees losing their pensions and medical benefits fills me with a strange sense of satisfaction. Oh, not because I don't want them to prosper. I do. I want everyone to prosper beyond their wildest dreams--but only in a manner that reflects reality and the natural order of things. It's kind of like Lottery stories: they hold no interest with me whatsoever; and when I hear that some former winner is broke, again, I'm neither surprised nor saddened. GM stockholders, directors, officers, and employees have been ignoring reality for decades. Employees got pitched a deal that for monthly dues to a union organization, they could make GM...
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More...“Delve into how it all began, beginning with Art De Vany in 2007, and continued through many iterations and self-experiments with workout styles (even working personally with Martin Berkhan — Leangains), diet hacks, and all forms of fasting known to mankind…right up to how I eventually became a “gym junkie” at the ripe age of 62 as an American Expat in Pattaya, Thailand…achieving the best gains and fat blasting of my life.”
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