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Heard today that you will be able to lease a Volt for $350 per month with a down payment of US$2500. Term 3 years, then you can buy it if you wish. This may move some people into these cars. hls.
And of course taxpayer subsidized for GM... I will pay less for my F150 and the heat and A/C work great. Canuck57 __________________________________________________________________________
C-57 correctly notes that the $7500 "government" subsidy is actually a transfer of money taken from a taxpayer and given to someone who is willing to buy a government approved politically correct vehicle.
It's difficult to see how stock in the new GM can pay off for stockholders. The old management broke the company with unsustainable wage and benefit concessions to the unions. In bankruptcy, the unions took their unfunded pensions in new GM stock. The unions are now the owners of the new GM, in an even stronger position to convert company earnings into more union benefits, leaving stockholders out in the cold.
If this happens investors will shun the new GM and it will again sink into bankruptcy. But GM is still "too big to fail", so taxpayers will be burdened to bail it out again. If our economy collapses from bailout taxes will the international community bail us out because the US is "too big to fail"?
Rodan.
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The US has been hard at printing $ and spreading them all over the world. What will eventually happen is that the rest of the world will start giving those $ back and the US will have to use more $ for anything they want. It is really a big problem already that there are so many $ around. The $ will have to be replaced with something and it will take a long time to replace $. So in a way the US is too big to fail but it actually has failed already. The US has not discovered yet that the way they fight wars is not working. The US claims victory only to discover year later they did not win nor change anything. Only thing that happened is they spent a lot of $ in the country. So out goes $ and back come bombs and terrorists.
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In message

Yuan.
--
Clive


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UNITED NATIONS | Tue Jun 29, 2010 4:56pm EDT
"A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value."
"The report says that developing countries have been hit by the U.S. dollar's loss of value in recent years.
"Motivated in part by needs for self-insurance against volatility in commodity markets and capital flows, many developing countries accumulated vast amounts of such (U.S. dollar) reserves during the 2000s," it said."
""A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency," the U.N. report said."
"Once the dollars begin to float back to the US it will cause a massive problem so all measures will have to be calculated and slow."
"Other currencies may become overvalued for the duration of the change."
"Especially the Euro and the Renmimbi will likely be overvalued."
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On 8/24/2010 2:06 AM, Rodan wrote:

Nice way to circumvent anti-trust laws too.
--
Is government working for you, or are you working for the government?

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Once again our friend Canuck57 is telling us the sky is falling. LOL

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After you changed ID your postings showed up again. So be it. Not you are playing idiot again showing what childish behaviour you have. Back to the bozo bin.
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