American Airlines Chap 11

American Airlines filed for the bankruptcy.Hope this might be news for people following the media but guyz whose following the real data its past event repeating on TV sets.

Bankruptcy, Chap 11, default........these are only possible in debt based economies which is totally a monetary phenomena. Central bankers in west are trying to save banks instead of economy but did they ever addressed about the real problems ?? Never and they keep the printing press running along with digital money flowing with full force, Which will only delay the current problems more in future rather than tackling right now.There will be a full blown crisis which is brewing in the face of US and Europe now, And I hope we will see a imminent DE-leveraging in paper assests which will not only sink banks this time but also major economies with it.

I'm still sticking to my words on Bank Of America post.Okay now lets see the data on American Airlines