What a wonderful global economy

What a wonderful global economy (Full Version)

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Termyn8or -> What a wonderful global economy (3/3/2010 7:14:24 AM)
So they're recalling Toyotas. People used to tout their reliability. A decent Japanese car right ? Well now they have a massive recall but they supposed are a Japanese company, though many would more expect such a thing with Chinese products. So now it is found that Toyota has been buying parts from US firms, but the US firms are having the parts made guess where. China. Our illustrius leaders have apparently honed in on the problem, which they see as drunk prostitutes in China. So the NIH, through their branch that deals with substance abuse is spending over two million of your dolars to go and teach Chinese prostitutes how to drink responsibly. Must be how they see it. I never realized how stupid I am because I can't grasp the logic involved. To me logic is around 100 years old. To put an accelerator on a car, you make a pedal, get a cable and a spring and hook it up to the throttle body. Anything in between is not good. I don't even like cruise control, to which I endearingly refer as cruise outta control. But the US consumer has proven one thing. They will buy anything put in front of them, almost as if it is the buying, rather than the using which turns them on. I wonder how many could be taught to buy responsibly with 2 million dollars. T

Musicmystery -> RE: What a wonderful global economy (3/3/2010 8:18:20 AM)
Show me where else I can get a reliable, fuel-efficient, safe automobile that holds its value well for $12,000 new and drive it for 200,000 miles plus. Until then, I'll remain a Toyota customer. I don't like to throw away money on cars. By the way, while certainly not excusing the recent issue, compare Toyota's safety/reliability record to any other manufacturer, any other year---including without the gadgets. If you've only just realized that autos are built from global parts, welcome to the 1970s.

popeye1250 -> RE: What a wonderful global economy (3/3/2010 11:28:01 AM)
quote: ORIGINAL: Musicmystery Show me where else I can get a reliable, fuel-efficient, safe automobile that holds its value well for $12,000 new and drive it for 200,000 miles plus. Until then, I'll remain a Toyota customer. I don't like to throw away money on cars. By the way, while certainly not excusing the recent issue, compare Toyota's safety/reliability record to any other manufacturer, any other year---including without the gadgets. If you've only just realized that autos are built from global parts, welcome to the 1970s. Music, your local Ford dealer.

Musicmystery -> RE: What a wonderful global economy (3/3/2010 11:35:09 AM)
Actually no....and anyway, my local Ford dealer IS also my local Toyota dealer! Global marketplace. But of course, Toyotas are now made in the U.S.

ricken -> RE: What a wonderful global economy (3/3/2010 1:31:30 PM)
Sorry, myself not a big fan of the U.S. subsidizing China. Look at all the poison drywall that went to the south east, antifreeze in toothpast, lead in toys.... The biggest thing that pisses me off, all the digital boxes the U.S. government gave coupons for, all made someplace else. Why not do wht China does? Subsidize manufacturing and keep the prices lower (and jobs) here. Yeah global economy is a good idea but it aint working when all the players aren't playing the same game. China manufacturing is not regulated the same way it is here, EPA, OSHA. As far as Jap car recalls, I read someplace the government whants to investigate some of their "recalls" or lack of publication of them. Oh I drive Chevy Astro work vans, all over 150K other than usual maint no issues. I try to buy American, and local, support small buisness as much as possible. Somethings are going to be imported, it's going to happen. But when a country has a track record of violations and fraud and unsafe practices shouldn't something be done?

Dtesmoac -> RE: What a wonderful global economy (3/3/2010 3:09:53 PM)
Cars - USA vehicles when I lived there tended to be technologically behind what I was use to in Europe. BUT for the type of driving required e.g 900 miles on midwest Interstate very serviceable. Get China in perspective, it is still massively poorer than USA / Europe and the West relys upon the cheapness of their production. You have more expensive options but the USA and EU decides to buy Chinese, jst as they used to buy from Taiwan, Hong Kong, Japan .... etc. HSE / Env Laws etc in China are as tight as USA or EU but they are not applied or complied with in the same way but that is changing, and in the USA and EU you will not be executed for damaging the economy of your country but in China you may be so expect some big changes in next 5 years, including exodus of Western Companies because of erratic water and power supply and increased China inflation. Move will then be towards India, South Africa and Brazil.

SL4V3M4YB3 -> RE: What a wonderful global economy (3/3/2010 5:15:25 PM)
quote: ORIGINAL: popeye1250 Music, your local Ford dealer. At least Toyota tried to identify and fix the problem not cover it up to reduce costs. http://www.autosafety.org/uploads/phpq3mJ7F_FordMemo.pdf I'm sure they have new management team now with new ethos etc.[:D]

servantforuse -> RE: What a wonderful global economy (3/3/2010 6:09:05 PM)
SLV4, Toyota has been covering up this mess for years. At first they blamed the floor mats. There are five deaths for sure with up to a total of 59 being investigated as part of this 'problem'.

pahunkboy -> RE: What a wonderful global economy (3/3/2010 6:19:47 PM)
Allright. You asked. The reason why the big show per Toyota. Japan had slowed down in buying US treasuries. So the grid told them you will by US treasuries. The snafu we are seeing is the warning to Japan that you WILL continue to buy our treasuries. Incidentally- the week following the hearing- Japan was back buying our debt. My source on this is Bob Chapman.

Gurlugon -> RE: What a wonderful global economy (3/3/2010 6:28:18 PM)
Buy a bike.

Musicmystery -> RE: What a wonderful global economy (3/3/2010 6:37:04 PM)
Too late--the banks and the Illuminati already bought them all.

pahunkboy -> RE: What a wonderful global economy (3/3/2010 6:41:27 PM)
They don't want the bikes. They want the toll roads. Every road will be a toll road - and different rates will be charged depending on peak and off peak. The get into this via a 99 year lease. They also want the public water companies to privatize.

InvisibleBlack -> RE: What a wonderful global economy (3/3/2010 6:41:46 PM)
quote: ORIGINAL: ricken Yeah global economy is a good idea but it aint working when all the players aren't playing the same game... Free trade only works if you're making something that someone else wants to buy at a better price than they can get it at home. The U.S. has been failing in that area for some time.

pahunkboy -> RE: What a wonderful global economy (3/3/2010 6:44:10 PM)
quote: ORIGINAL: Dtesmoac Cars - USA vehicles when I lived there tended to be technologically behind what I was use to in Europe. BUT for the type of driving required e.g 900 miles on midwest Interstate very serviceable. Get China in perspective, it is still massively poorer than USA / Europe and the West relys upon the cheapness of their production. You have more expensive options but the USA and EU decides to buy Chinese, jst as they used to buy from Taiwan, Hong Kong, Japan .... etc. HSE / Env Laws etc in China are as tight as USA or EU but they are not applied or complied with in the same way but that is changing, and in the USA and EU you will not be executed for damaging the economy of your country but in China you may be so expect some big changes in next 5 years, including exodus of Western Companies because of erratic water and power supply and increased China inflation. Move will then be towards India, South Africa and Brazil. India has a good amount of gold lately.

InvisibleBlack -> RE: What a wonderful global economy (3/3/2010 6:46:41 PM)
quote: ORIGINAL: pahunkboy India has a good amount of gold lately. China has been buying a lot, too - and encouraging their citizens to buy gold - but let's not jack Term's thread. We can always discuss the international gold market.

pahunkboy -> RE: What a wonderful global economy (3/3/2010 6:51:16 PM)
quote: ORIGINAL: InvisibleBlack quote: ORIGINAL: pahunkboy India has a good amount of gold lately. China has been buying a lot, too - and encouraging their citizens to buy gold - but let's not jack Term's thread. We can always discuss the international gold market. yes- it is most unusual- since every govt wants to inflate its currency. http://www.google.com/search?q=encouraging%20their%20citizens%20to%20buy%20gold

pahunkboy -> RE: What a wonderful global economy (3/3/2010 6:52:49 PM)
Out of being curious- what amount $ gold does the US own? Ponder that.

InvisibleBlack -> RE: What a wonderful global economy (3/3/2010 6:56:40 PM)
quote: ORIGINAL: pahunkboy Out of being curious- what amount $ gold does the US own? Ponder that. I think the US has something like 8100 tons of gold in its reserves - according to its records. It's probably less. Somehow whenever a country audits their reserves, some seems to have evaporated.

Musicmystery -> RE: What a wonderful global economy (3/3/2010 7:05:40 PM)
"Central banks are limited in their gold sales to 500 tonnes a year under international agreements. But still, not all central banks are sellers, including the world's biggest. "The US is the world's biggest official holder of gold, at 8135 tonnes at the end of 2007, and it hasn't been selling. "Unlike most central banks, the US Federal Reserve holds the bulk of its official reserves - or close to 80 per cent - in gold. That's because it can't hold its own US dollar assets as official reserves. "The second biggest holder of gold is Germany (3417 tonnes at the end of December or 66 per cent of its reserves), followed by the IMF (3217 tonnes), France (2622 tonnes or 56 per cent of its reserves) and Italy (2452 tonnes or 67 per cent of its total reserves). "On average, countries hold 10 per cent of their reserves in gold, although the proportion varies widely from one country to another." [Source: WSJ]

ricken -> RE: What a wonderful global economy (3/3/2010 7:09:38 PM)
quote: ORIGINAL: Gurlugon Buy a bike. Well thats a nice thought and here in the US we need it to many fat asses... BUT again most bikes are made in a couple of China factories for other people to slap their name on

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