Vox Rationalis'  Instablog

The United Auto Workers (UAW) has reached a deal with GM management and the government.  Details are yet to be released, but if it's anything close to what's been discussed in the media, it pretty much guarantees GM will file for bankruptcy on or before June 1, when a $1 billion debt issue comes due. 

Pictures tell the story.  First, who GM owes money to:

Tyler Durden et al call this “the chart they don’t want you to see.”  It indicates that the purchasing power of one dollar has declined 94% since 1933.  There are breakdowns also for the 1945-1971 period 1971-present periods that show similar shocking declines in the dollar.  The obvious unanswered question:  

 So what? 

[If this article looks familiar to you, there's a good reason.  It was previously posted on Seeking Alpha under the wrong user account.]