The General Electric [GE] debt Ponzi is in full decline

I've written many times in these pages that the eventual fate of General Electric would be either BK or a massive breakup or both.  The reason is simple: GE has a ton of debt and little cash.  What this means is that GE does not own its productive assets.   They belong to the debt holders.  GE was forced (IMO) to sell off many of its Ponzi profit producing shadow bank assets as the federal reserve propped up the economy.  But now the fed, which is a private bank and which does not want to go BK itself, wants to unwind its balance sheet and that will certainly lead to a reduction in liquidity (credit)  and eventually a liquidity crisis (not enough new debt to prop up the global debt Ponzi).

GE is the tip of the collapse iceberg IMO and the news there just keeps getting worse.  After the management shakeup and recent bad quarter of performance GE is now entering the panic phase of asset liquidation in order to raise cash. 

• First they calmly sold off all the shadow banking assets
• Now they will sell off real revenue producing assets
• As time goes on they will be forced to accept lower and lower prices for assets
• At some point they will virtually give away assets in order to free themselves of the associated (and possibly hidden/cooked books) liabilities. 

There is a lot of junk in the GE trunk and they have been running that con game for a long time but now GE is in the end game.  Expect layoffs and even worse financial results as the share price plunges well under $10 again in 2018.  Eventually GE will BK or be broken up and sold off in pieces.