The Zionist Gang that Bankrupted General Motors

The Zionist Gang that Bankrupted General Motors
by Christopher Bollyn

General Motors did not fall due to natural forces. Like the twin towers on 9-11, GM was taken down. Like 9-11, GM was sabotaged from the inside. The corporate raiders who took down GM are part of the same network of Jewish Zionists who brought down the World Trade Center.

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In 2007, GM led in global production and U.S. market share. Graphics from Wikinvest.

Globally, GM sold 9.4 million cars and trucks in 2007, an increase of 3 percent over 2006. GM’s 2007 tally was, in fact, the second best global sales total in the company’s 100-year history and marked the third consecutive year the company had sold more than 9 million vehicles. That doesn’t sound like a company on the brink of collapse, does it? In its 100-year history GM had been through much worse downturns, such as the Great Depression and the Second World War, yet GM managed to survive and thrive. What is so different about the management at GM in the past few years that it caused America’s biggest auto manufacturer to go into bankruptcy despite three consecutive bumber years of global sales?

George Richard (Rick) Wagoner became president and chief executive officer of GM on June 1, 2000. The value of GM stock started the month of May 2000 at its peak of over $93 per share. The day Wagoner became CEO the stock finished at $69.81. By the end of the year it was worth less than $51 per share. GM stock had fallen to about $35 when Wagoner was elected chairman on May 1, 2003. Why promote a CEO who was clearly taking the company down the drain?

Despite the falling stock price, Wagoner remained CEO and chairman of GM until March 29, 2009. Under Wagoner’s leadership GM suffered more than $85 billion in losses — losing $82 billion in the last 4 years! Why wasn’t Wagoner replaced earlier? How was GM selling more cars than ever but losing more and more money? It simply doesn’t make sense.

Were his hands tied? Rick Wagoner (center) with Mark Neporent (left), COO of Cerberus, and Eric Feldstein (right), chief executive of GMAC and treasurer of General Motors Corp. This photo is from the 2006 announcement of the Cerberus deal for a majority stake in GMAC in which Bernard Madoff’s partner-in-crime, J. Ezra Merkin, became chairman of GMAC. Is Wagoner responsible for $85 billion in losses at GM - or was he just a useful idiot?

In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM’s largest market is the U.S., followed by China, Brazil, the United Kingdom, Canada, Russia, and Germany. Despite three years of record sales, GM lost $18.8 billion during the first 6 months of 2008; by late October, its stock had dropped 76 percent, and it was considering a merger with Chrysler.

At the time the GM-Chrysler merger was being considered, Chrysler was primarily owned (80.1 percent) by the private equity firm Cerberus Capital Management, L.P., headed by Stephen A. Feinberg and Jacob Ezra Merkin. Cerberus is named after the mythological three-headed dog of Hell. It should be noted that Feinberg and Merkin also controlled General Motors Acceptance Corp. (GMAC), the financial services branch of GM.

GM sold 51 percent of GMAC in 2006 to Feinberg’s private equity firm Cerberus Capital Management LP, and Jacob Ezra Merkin became chairman of GMAC. Had the merger gone through, Feinberg and Merkin would have probably become majority owners of both GM and Chrysler. This appears to have been the plan. Feinberg and Merkin, the owners of GMAC, had plundered and conspired to bring down GM so that they could take it over.

When Cerberus gained control of GMAC, they hurt GM’s domestic sales by raising the credit requirements for car loans. Feinberg and Merkin reportedly raised the credit requirements so high that they caused a very sizable chunk of sales to be lost due to customers’ inability to secure financing. Cerberus reportedly used this tactic to pressure GM into selling or trading their remaining stake in GMAC.

Ezra Merkin became a controlling owner of Israel’s Bank Leumi shortly before he got his hands on GMAC in 2006. Here he shakes the hand of the notorious war criminal Ariel Sharon as he hands him a check for $500 million. Ehud Olmert (center) held secret meetings in New York City on September 10, 2001. Merkin’s private Israeli bank has a branch in Switzerland that contains billions of stolen dollars held in secret numbered accounts.

Merkin is clearly a criminal. He is one of the key players of the multi-billion dollar criminal fraud carried out by Bernard Madoff. Merkin secretly diverted untold billions to Madoff’s fraudulent investment fund. One of Merkin’s funds lost $1.8 billion of investor cash with Madoff. Merkin was seen as "the Golden Boy controlling the Golden Goose."

Feinberg and Merkin were also controlling co-owners of Israel’s Bank Leumi, which had been privatized in 2005 under finance minister Benjamin Netanyahu. Bank Leumi also has off-shore banks and a branch in Switzerland in which billions of dollars are held in secret numbered accounts.

It was reported on December 30, 2008, that the U.S. Treasury would provide $6 billion more for GMAC, headed by Merkin and the extremely secretive Feinberg. Feinberg is so secretive his Who’s Who biography says he is deceased!

Read more:

http://kennysideshow.blogspot.com/2009/06/zionist-gang-that-bankrupted-general.html

Guess we know what country benefits from all this now.