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IPFS News Link • Business/ Commerce

The MSRP of Wokeness

• https://www.ericpetersautos.com by Eric

General Motors' net income is down by . . . 40 percent. Its business model is almost as successful as the Biden Thing's presidency – and for dovetailed reasons. The Biden Thing crippled the supply chains upon which all companies depend in order to make the things they sell. GM has had fewer cars to sell on account of this. 

But it goes much deeper than that.

GM's other problem is the same problem every company selling cars is dealing with, also caused by the Biden Thing. Or at least, by the things behind the Biden Thing. That thing being the devaluation of the buying power of the currency people use to buy everything. The admitted-to devaluation is close to 9 percent; it is probably closer to 12. Either way, it amounts to an equivalent tax on every American's buying power.


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