by theluckycountry » Tue 15 Aug 2023, 18:48:32

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')Earlier this month, WeWork stated in a 10-Q filing that "substantial doubt exists about the company's ability to continue as a going concern." Since WeWork continues to hemorrhage cash and liquidity is running thin, the money-losing business is on its last leg.
https://www.zerohedge.com/markets/could ... re-markets
I remember this nose-picker. I even watched 1 minute of him spruking on youtube, that was enough. Just another huckster, just another milking operation of the American public. Of course banks will step up and fund these con jobs as well, after all it costs them nothing as the money is simply created and it keeps the facade up, keeps the total dollars in circulation rising, without which there won't be enough money in circulation to repay the interest on the old loans. And if that ever happens it's game over.
It's not hard to figure this out. Interest Must be repaid on loans, Government loans, housing loans, The system can afford some bankruptcy but not a protracted downturn in money supply. That was the problem in 1930's if you recall. Not enough money in the system, the system collapsed. So for now hundreds of billions will be created for the ukraine, for esoteric startups, for crap like tesla and space-X. But never for roads or anything productive, not for anything that would actually lift the standard of living for the average American. There is little profit in that stuff for the pump and dump crowd that is behind all this insanity.
Oh that's right Plant, it's not wealthy elites, it's Biden, it's all Biden

We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.