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The Resourceful Bear Blog

Birmingham Alabama Hospital Gets Its Credit Line Frozen And Goes Bust

Anna Velasco of the Birmingham News reports that Physicians Medical Center Carraway, 1600 Carraway Blvd, Birmingham, AL 35234, has gone out of operation as it had its credit line frozen.

A major theme of this blog has been the presentation of the Liquidation Thesis which holds forth two principles: One, irredeemable debt and unfunded retiree benefits, must be liquidated, that is done away with. Two, government services and payments as well as service sector jobs, of all types, being unsustainable, will be done away with as well

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