GM
General Motors Company
stockNYSE

GM left the American taxpayer on the hook for 10.4 billion. So, I don't know where the f\*ck you're coming up with, 'GM paid their loan back in two years'. Obama gave half a Chrysler to the UAW and the other half was sold to Fiat.

GM paid back their loan in 2 years. Chrysler in 3. Because they had a fundamental business under the loan that wasn't significantly impacted. What business is a business of AI BS hype? That's 80% of their value. A big lesson: The government also can force a change in governance and much of the ownership. When it bought into these companies it forced that change. They can demand the same from Tesla and SpaceX, because if you're being bailed out to begin with, you're not being governed prudently.

It was only a couple weeks ago that he moved his Ohio rally to a high school gym - which he barely filled - because the auto plant he planned to have his photo op at was shuttered. And what happened to that Georgia EV battery plant (LG/Hyundai) which ICE raided. This occurred when their Congresswoman Majorie Taylor Green supported the Epstein Disclosure Act. No the facts do not support the post. The truth is that the Fossil Fuel Industry that has been dictating US Foreign and Domestic Policy for a Century got freaked out by the rise of Renewables, battery storage and EVs. The power utility monopolies did as well. And that Inconvenient Truth - Climate Change is not a hoax. (They covered it up since the 1980's.) Think about this. During the President Carter Administration he told the American Public the truth. If we do not change our ways we will be fighting oil wars forever. History proves he was right. He put solar panels on the White House and invested in Renewables, Hybrids and EVs (his Moonshots). All the automakers took the money and built protos. GM had the Electrovair (electric Corvair) in 1966 and the EV1 in 1995. That's 17 years before Tesla. GM also held the patents for hybrid electric systems from their 1932 diesel electric train engines - still in use today. The Cartel made SURE the public never got them. It threatened their hegemony. And here we are. They bought Trump with over a billion in donations.

I'm not certain that how it works - What appears in market is valuations of companies, ie the collective assessment of their tangible and intangible assets, including their future productive capacity. - When people start selling more, the price drops until equilibrium of buying / selling is reached again, reflecting that people think a company is worth less - At this point, *wealth is destroyed*. The world has less value. It doesn't even need more cash, as an extreme example if tomorrow for some reason a company invent teleportation for free, and if no one wants to buy GM stock, that company values goes to 0, with no cash generated. - Cash itself is not a real asset per se, it's a transient hold of money we agree we can all use to acquire other assets. It's like oil in an engine. It literally gets created by your bank when you ask for a loan (ie economic activity picks up) and get destroyed when you pay back your loan (ie economic activity gets destroyed)

managed futures, global macro, cat bonds all show good correlations to equities. MF, GM: see table, top page 2 ... [https://www.grahamcapital.com/wp-content/uploads/2023/06/The-Benefits-of-Non-Correlated-Alpha\_Jan-23.pdf](https://www.grahamcapital.com/wp-content/uploads/2023/06/The-Benefits-of-Non-Correlated-Alpha_Jan-23.pdf) CBs look promising, but are fairly new to retail, as ILS.

currently not much, i sold out with the crash SPY, AT&T, Reddit, GM, NFLX, BIRK I like to buy after selloffs been gamma scalping Nebius the last month with great results, the RV is just so much bigger than IV

Good week of earnings. IC: MMM, UAL PCS: COP, GE, LMT, NOC, RTX, TMO, WDFC CCS, BX, GM, SPCX, TSLA

GM snoo

Someone’s been thinking. 😂 My job requires a lot from me. I have a five-year agreement with the corp I work with right now that includes housing, parking with a garage, utilities, internet, and a budget for some good portion of food and bevs. - not including alcohol. Basically, they got a rented house for me. I know it sounds crazy amazing. It’s what they gave me. Here’s something I could do as a GM earlier this year. I can amend or customize to get some cool stuff for myself and my staff. For example: (if budget allows) My workplace now serves Red Bull. So I can have that whenever I want. My staff can have them a market price (very small profit margins) or we sell them to our guests (good profit margins). That’s something I can setup where it benefits me and happy energetic staff members who’ll chug through these guys. I present my idea to the owners how they could earn a small margin from those sales. They approved it quick. Our workplace also has a bar. So we can have drinks at the end of our shifts. Now I don’t spend on energy drinks either and a mini fridge full of cold coconut red bulls 😎