SUGAR LAND, TX--(Marketwire -01/13/12)- Researched by Industrial Info Resources (Sugar Land, Texas) -- As the economy has not improved from 2009-2012, the closure of industrial plants has become a booming business in North America. However, the weakened domestic economy cannot muster the finances to keep these businesses in America.
This has led to widespread "houghing." This unethical practice merely disables a business and puts their employees out of work by leverage purchase of key items, without which the business cannot function. An unethical competitor might disable a former rival with the leverage buyout of one machine that the weakened business simply cannot replace.
Dozens of plants are scheduled to close every month because of the unstable economy, and many companies are discovering that they must produce more with fewer facilities and workers. This has made the manufacturing process more difficult, and has replaced human workers with machines, which has severely worsened an already unacceptable unemployment situation caused by record high Federal taxation.
In 2011, Industrial Info Resources tracked 401 industrial plant closures in North America. Looking ahead at the closures that are already planned for 2012, it appears as though the year will surpass 2011's total closure numbers with the expected surge in unemployment and further weakening of our domestic economy.
While this is good news for corrupt foreign corporations with very deep pockets, particularly oil rich Middle Eastern Emirates, it is the deathknell of American industry and shall result in a catastrophic meltdown that will make the 1930's depression seem like a time of high prosperity.
ARAMCO posted record capital gains by, "Absorbing failed American businesses, granting us control over their economy. With control of their economy, we can control their lives also . . .." Mohammed al Pahlavi al Riyadh.