Everyone else is now seeing the obvious about General Electric [GE].

I have been very vocal in these pages for years stating to me what was obvious and to everyone else what sounded ludicrous: GE is a microcosm of the Global Debt Ponzi which will eventually BK or be broken up to avoid an even more damaging BK event.  Back when I was writing these seemingly crazy things, people scoffed at me.  That's because they themselves have no understanding of anything EXCEPT that someone on TV must know more than anyone else.  In other words, they foolishly outsourced their critical thinking skills to a third party so that they would not have to exercise their own brains or in any way stand apart from the herd.

I very clearly stated that all of the financial division sales that GE has done over the last 8 years would eventually expose its soft underbelly.  GE, I explained, was nothing but a massive vendor finance scam.  It "sold" goods to customers by allowing them to buy on credit which GE supplied to them at less than market interest rates in order to win the business.  GE would in turn take on debt in order to fund these loans.  So GE has, for decades now, been nothing more than a front for subprime debt.

I also believe and have stated in these pages in posts like this one that all the asset sales by GE were quietly being forced upon them by the federal reserve using its new powers to unwind "SIFIs" (Systemically Important Financial Institutions).

Well, suddenly I am not alone.  Now that the tide has gone out even people on Seeking Alpha, who are generally late to the game because they wait until the truth is obvious before saying anything, are writing negative things about GE.  After pages of data, the author finally concludes that "I see GE Capital assets as a major area of risk that could lead to asset impairments as GE Capital continues to be wound down.".  Where were these people many years ago as I was predicting all of this would happen?