Update: Already debunked. Let this be a lesson to you.
But the fact is I did see at least several hundred new cars all at once, certainly far more than the University can use. It would be good to get an accounting of how many cars are out on promises to pay as opposed to sales.
Also, the point that it is 2009, not 2014 pictures tells us how it will be this time... last time was not as bad. Bad example of an important lesson...
****
Last year there were a couple of thousand new cars lined up in the University of Washington parking lot with no license plates. Slowly they were licensed and painted with UW livery and parked elsewhere. It was clear UW got a deal on cars.
Now comes zero hedge with a photo-essay on newly made cars worldwide. Someday someone will write and expose on the new car business, especially the imported car business, and how come we shipped the industry overseas and now GM stands for Government Motors.
This much I know: circa 1980 the Dems wanted to raise taxes on imported cars to protect the dying USA automobile industry. Not grant it freedom, put it on life support. The repubs won the 1980 elections, and instead of taxes on imports, they imposed "voluntary restraints. What happens when you have less of something? The price of what does come in goes up. So the Japanese got more money for doing less work because of voluntary restraints. And Japanese corporations made the extra money, not the USTreasury. Either way, the USA consumer got screwed. And Ronald Reagan, upon leaving office, first thing, boarded a jet for Japan where he made a $3 million dollar speech. Ka-ching!
This is all due to lending credit, for which there is no rational limit, only perhaps, we run out of places to stack cars. Look at those cars, they are your pension plan funds. Cars will get very inexpensive just as you need to eat.
In capitalism, we keep people working at pointless jobs, no different than communism. On the other hand, for those of us who pursue self-employment, there outsized value in the measure we are so few.
Feel free to forward this by email to three of your friends.
But the fact is I did see at least several hundred new cars all at once, certainly far more than the University can use. It would be good to get an accounting of how many cars are out on promises to pay as opposed to sales.
Also, the point that it is 2009, not 2014 pictures tells us how it will be this time... last time was not as bad. Bad example of an important lesson...
****
Last year there were a couple of thousand new cars lined up in the University of Washington parking lot with no license plates. Slowly they were licensed and painted with UW livery and parked elsewhere. It was clear UW got a deal on cars.
Now comes zero hedge with a photo-essay on newly made cars worldwide. Someday someone will write and expose on the new car business, especially the imported car business, and how come we shipped the industry overseas and now GM stands for Government Motors.
This much I know: circa 1980 the Dems wanted to raise taxes on imported cars to protect the dying USA automobile industry. Not grant it freedom, put it on life support. The repubs won the 1980 elections, and instead of taxes on imports, they imposed "voluntary restraints. What happens when you have less of something? The price of what does come in goes up. So the Japanese got more money for doing less work because of voluntary restraints. And Japanese corporations made the extra money, not the USTreasury. Either way, the USA consumer got screwed. And Ronald Reagan, upon leaving office, first thing, boarded a jet for Japan where he made a $3 million dollar speech. Ka-ching!
This is all due to lending credit, for which there is no rational limit, only perhaps, we run out of places to stack cars. Look at those cars, they are your pension plan funds. Cars will get very inexpensive just as you need to eat.
In capitalism, we keep people working at pointless jobs, no different than communism. On the other hand, for those of us who pursue self-employment, there outsized value in the measure we are so few.
Feel free to forward this by email to three of your friends.
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