Canada, Ontario to Give GM, Chrysler C$4 Billion Aid
Dec. 20 (Bloomberg) -- General Motors Corp. and Chrysler LLC will get C$4 billion ($3.3 billion) in government loans from Canada and the province of Ontario, a day after the U.S. agreed to aid to keep the two automakers operating.
General Motors’ Canadian unit will receive C$3 billion while Chrysler is set to get C$1 billion, the two governments said today. Borrowers must accept limits on executive compensation and also report “material transactions in excess of C$125 million or more,” the two governments said in a joint statement.
“We will not allow catastrophic collapse” of the industry, Harper said. “But the auto companies have to change the way they do their business in a very serious way.”
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re: two governments...joint statement
Dec. 20 (Bloomberg) -- General Motors Corp. and Chrysler LLC will get C$4 billion ($3.3 billion) in government loans from Canada and the province of Ontario, a day after the U.S. agreed to aid to keep the two automakers operating.
General Motors’ Canadian unit will receive C$3 billion while Chrysler is set to get C$1 billion, the two governments said today. Borrowers must accept limits on executive compensation and also report “material transactions in excess of C$125 million or more,” the two governments said in a joint statement.
“We will not allow catastrophic collapse” of the industry, Harper said. “But the auto companies have to change the way they do their business in a very serious way.”
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re: two governments...joint statement
(quote) "BINGO: The ordo ab chao strategy may be finally coming clear on this one. A North American Union aka Canamerexico auto-industry merger. Regional world government by stealth...this is how it's done."
Out of the closet and into the light of day, the 'intercontinental consolidation' of Canada, America, and Mexico (North American Union) for the new regional system of world government cannot be disguised any longer. Such is the case here with this obviously induced automotive industry 'chaos' and the resultant 'solution'. It is all so clear now...the whole production has simply been more of the fictional 'b-plot' NWO globalization script. Under the pretext of financial collapse the banking system and mortgage industry have already been taken over, the insurance giants have been absorbed, and the way is now opened to begin the regional merging of the U.S. and Canadian governments with this joint-venture auto industry takeover.
These so-called government loans, which by-the-way are nothing more than just a part of the whole staged production, are only a first step in taking absolute control of the automakers and all related private industries. And it will not stop there. It is a GLOBAL management scheme that is being implemented. Every financial transaction worldwide will eventually be controlled within the one world system. This is how they are getting there.
One more important point to note on the subject of the automotive industry. In the 'green' future world of global micromanagement, aka sustainable development, the personal automobile will have become a thing of the past. That is where this is really heading. Watch and see. see: unsustainables
Be aware...the Tower of Babel, symbolizing the rebellion of sinful men against their Creator, is being rebuilt before your eyes. It will fare no better than the first one did four thousand or so years ago. Rev. 18:4
see all: taking down the U.S.
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Gen. 11:9 Therefore is the name of it called Babel; because the LORD did there confound the language of all the earth: and from thence did the LORD scatter them abroad upon the face of all the earth.
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Gen. 11:9 Therefore is the name of it called Babel; because the LORD did there confound the language of all the earth: and from thence did the LORD scatter them abroad upon the face of all the earth.
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