General Motors New Stock Symbol

General Motors GM has a new stock symbol, MTLQQ.

General Motors lost have their value today after the stock symbol changed from the old to the new symbol which created confusion in the stock market.

GM shares fell over 50% from $1.07 to 57 cents.   Do not buy shares of GM stock now it’s worthless until the U.S. Government the majority share owner issues the official stock in 2010.

Last Friday General Motors emerged from bankruptcy.

Here’s the real spin, the new GM is a private company that the U.S. Government owns a majority interest and plans on selling new shares in early 2010.

This is the biggest scam in the auto industry to ever happen. Why???

Because you have a public traded stock with reckless management that was allowed to pay the top executives millions in salary, bonuses and stock options. 

How come public traded stock does not fall under the same banking industry lending guidelines.  If corporations followed the same banking lending debt to income ratios and applied that to wall street then you would have less fraud in the stock market.

Now you have the U.S. Government who lends GM money to bail them out of bankruptcy and ends up majority shareholder.

I have a major problem with this massive transfer of wealth because the banking industry controls government.

Tell me how in the world the banking industry was even allowed to become a private corporation under FDR.

The banks print money based on a promissary value of trust not even based on the gold standard, then the Government calls it the Federal Reserve to sound like it’s part of the Government when it’s a private corporation.

Just follow the money and you will see the real power.

Type in Youtube and look for a video on the banking history and you will see a gentleman who wrote a book on the banking industry how it was created on a secret island in Georgia.

See the problem, you go to work to borrow money for 30 years to payoff your home, it’s like your working for the banks for 30 years and when you don’t pay your in foreclosure and the banks get your home.  In the meantime they receive interest and the loan was a paper transaction.

Just like the stock market and GM shares it’s based on paper a stock certificate.

Don’t buy any shares of stock until the U.S. Government releases new shares next year and then you still need to be careful with this well orchestrated event backed by the sharpest minds on wall street.

by

Robert Reuter “Black Belt Bob”

Short URL: http://www.askcarexpert.com/?p=438

Posted by blogadmin on Jul 15 2009. Filed under Car Reviews. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.