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#1
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VW Engine Prices
Planning to build or buy a Volkswagen engine? Right now all of the
major components come from other countries. Brazil produces crankcases. Mexico casts the cylinder heads an produces most of the auxiliary components such as the cam and its gea or the distributors pinion gear. China has taken a major position by producing forged 4340 crankshafts and connecting rods, which sell here for near give- away prices. That was then. If the proposal to bail out the banks goes through -- and it will, given the degree of corruption in the present administration, it means the American people -- you & me -- have just agreed to repay several hundred BILLION dollars of bad debts incurred by the banks. In the mean time the government will get busy and PRINT several hundred BILLION dollars of new money... which means the money already out there is worth that much LESS. Didja get that? The bail-out, whilst good for the banks and the incompetent bankers who bought all those worthless mortgages, is poison for you & me became it make our money worth less. How much less? Wait and see. But 25% is not without reason. And that means your new crankcase from Brazil will cost you 25% more. Ditto for your crankshaft & rods, or the heads from Mexico., What to do? Dig into the cookie jar and buy any parts you may need NOW' rather than waiting until you need them. Indeed, even if you aren't planning on building an engine, buying new engine components at today's prices appears to be a wise INVESTMENT. Just a thot. -R.S.Hoover |
#2
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VW Engine Prices
wrote in message ... What to do? Dig into the cookie jar and buy any parts you may need NOW' rather than waiting until you need them. Indeed, even if you aren't planning on building an engine, buying new engine components at today's prices appears to be a wise INVESTMENT. Sad but true. As a new retiree, and therefore newly on a fixed income, inflation is my worst nightmare. On the other hand, inflation is great for anyone who owes money. You get to pay it back in future years with far cheaper dollars. New airplane anyone? Vaughn |
#3
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VW Engine Prices
To All:
I got a couple of messages from fellows who did not agree with my opinion of the effect the bail-out would have. I recommended they read: http://www.usagold.com/germannightmare.html Those who fail to learn from history are destined to repeat it. -R.S.Hoover |
#5
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OT VW Engine Prices
"Gig 601Xl Builder" wrote in message ... wrote: To All: I got a couple of messages from fellows who did not agree with my opinion of the effect the bail-out would have. I recommended they read: http://www.usagold.com/germannightmare.html Those who fail to learn from history are destined to repeat it. -R.S.Hoover I've got a degree in Economics and I don't have a clue how this is going to all shake out. Mainly because what this really is is the largest nationalization of private enterprise in the history of man. To make it worse it is being done by the largest economy in history at a time when the world's economies are more tied to each other than ever before. Nobody from Alan Greenspan to a bum on the street can really tell you with any degree of certainty how this will effect the US and the World in the long term. They don't have computer models for this. Anyone from either side of the political spectrum that says they know what will happen is full of crap. OK, Gig, we are in agreement....... You have a degree in economics (I do not) but, we agree, neither of us have a clue.... That this manuver is gigantic, and historic, is also agreed. Asking Alan Greenspan OR the bum on the street will only get you opinion, won't it? One might be "educated opinion", but nevertheless, opinion - not divine prescience. And do we HAVE to have a computer model before we can make a rational thought or concious act? As for asking politicians for advice, their opinions, or a true glimpse of the future, we will both agree again, is pointless. So me, I'm going to consult the tea leaves, look carefully at the wooly-bear caterpillars, and count the fur in the tails of the grey-squirrels I shoot when small-game season opens next month. Then I'll probably go buy a pound of small-denomination silver coins as my "hedge against inflation", although buying gold probably would be a bettr choice. I remember my uncle telling me that when his unit rolled through Germany in the final stages of WW II, that black pepper had been selling for its equal weight in gold on the civilian market. Flash |
#6
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OT VW Engine Prices
Flash wrote:
"Gig 601Xl Builder" wrote in message ... wrote: To All: I got a couple of messages from fellows who did not agree with my opinion of the effect the bail-out would have. I recommended they read: http://www.usagold.com/germannightmare.html Those who fail to learn from history are destined to repeat it. -R.S.Hoover I've got a degree in Economics and I don't have a clue how this is going to all shake out. Mainly because what this really is is the largest nationalization of private enterprise in the history of man. To make it worse it is being done by the largest economy in history at a time when the world's economies are more tied to each other than ever before. Nobody from Alan Greenspan to a bum on the street can really tell you with any degree of certainty how this will effect the US and the World in the long term. They don't have computer models for this. Anyone from either side of the political spectrum that says they know what will happen is full of crap. OK, Gig, we are in agreement....... You have a degree in economics (I do not) but, we agree, neither of us have a clue.... That this manuver is gigantic, and historic, is also agreed. Asking Alan Greenspan OR the bum on the street will only get you opinion, won't it? One might be "educated opinion", but nevertheless, opinion - not divine prescience. And do we HAVE to have a computer model before we can make a rational thought or concious act? Well, when you are going do do something that will have a huge and very long lasting impact on the state of the world it ain't a bad idea to have at least a wild guess as to the outcome. This plan was thought up in less time than I spent mounting my prop this weekend. On Monday the 15th a conference call was held among the Fed, AIG and several banks. At that time the Fed said there would be know bail-out. That changed by the next day. How much time does that leave for a rational thought or conscious act to be rationally thought out? As for asking politicians for advice, their opinions, or a true glimpse of the future, we will both agree again, is pointless. Pointless but the only option because if you read section 8 of the proposed law you will find this little gem. “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” So me, I'm going to consult the tea leaves, look carefully at the wooly-bear caterpillars, and count the fur in the tails of the grey-squirrels I shoot when small-game season opens next month. Then I'll probably go buy a pound of small-denomination silver coins as my "hedge against inflation", although buying gold probably would be a bettr choice. I remember my uncle telling me that when his unit rolled through Germany in the final stages of WW II, that black pepper had been selling for its equal weight in gold on the civilian market. Flash Who knows, we may look back on life in Germany FOR GERMANs in the final stages of WWII and think of them as the good times. But that is the point we don't know. |
#7
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OT VW Engine Prices
"Gig 601Xl Builder" wrote in message ... | Flash wrote: | "Gig 601Xl Builder" wrote in message | ... | wrote: | To All: | | I got a couple of messages from fellows who did not agree with my | opinion of the effect the bail-out would have. I recommended they | read: | | http://www.usagold.com/germannightmare.html | | Those who fail to learn from history are destined to repeat it. | | -R.S.Hoover | I've got a degree in Economics and I don't have a clue how this is going | to all shake out. Mainly because what this really is is the largest | nationalization of private enterprise in the history of man. | | To make it worse it is being done by the largest economy in history at a | time when the world's economies are more tied to each other than ever | before. | | Nobody from Alan Greenspan to a bum on the street can really tell you | with any degree of certainty how this will effect the US and the World in | the long term. They don't have computer models for this. | | Anyone from either side of the political spectrum that says they know what | will happen is full of crap. | | | | OK, Gig, we are in agreement....... | | You have a degree in economics (I do not) but, we agree, neither of us have | a clue.... | | That this manuver is gigantic, and historic, is also agreed. | | Asking Alan Greenspan OR the bum on the street will only get you opinion, | won't it? One might be "educated opinion", but nevertheless, opinion - not | divine prescience. And do we HAVE to have a computer model before we can | make a rational thought or concious act? | | Well, when you are going do do something that will have a huge and very | long lasting impact on the state of the world it ain't a bad idea to | have at least a wild guess as to the outcome. | | This plan was thought up in less time than I spent mounting my prop this | weekend. On Monday the 15th a conference call was held among the Fed, | AIG and several banks. At that time the Fed said there would be know | bail-out. That changed by the next day. How much time does that leave | for a rational thought or conscious act to be rationally thought out? | | | | As for asking politicians for advice, their opinions, or a true glimpse of | the future, we will both agree again, is pointless. | | Pointless but the only option because if you read section 8 of the | proposed law you will find this little gem. | | “Decisions by the Secretary pursuant to the authority of this Act are | non-reviewable and committed to agency discretion, and may not be | reviewed by any court of law or any administrative agency.” | | | | So me, I'm going to consult the tea leaves, look carefully at the wooly-bear | caterpillars, and count the fur in the tails of the grey-squirrels I shoot | when small-game season opens next month. Then I'll probably go buy a pound | of small-denomination silver coins as my "hedge against inflation", although | buying gold probably would be a bettr choice. | | I remember my uncle telling me that when his unit rolled through Germany in | the final stages of WW II, that black pepper had been selling for its equal | weight in gold on the civilian market. | | Flash | | Who knows, we may look back on life in Germany FOR GERMANs in the final | stages of WWII and think of them as the good times. | | But that is the point we don't know. Yeah, but the point is, it's a real bargain. It's only going to cost use about $5000 each. |
#8
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OT VW Engine Prices
On Sep 25, 8:09*am, "Mick" #$$#@%%%.^^^ wrote:
Yeah, but the point is, it's a real bargain. It's only going to cost use about $5000 each. ------------------------------------------------------------------------- You'd better read the fine print :-) Based on our present population the amount is about $7200. The bottom line is that a debt of $700 BILLION is far more likely to destroy the American economy than simply letting the banks fail. -R.S.Hoover |
#9
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OT VW Engine Prices
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#10
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OT VW Engine Prices
On Sep 25, 10:50*am, " wrote:
On Sep 25, 8:09*am, "Mick" #$$#@%%%.^^^ wrote: Yeah, but the point is, it's a real bargain. It's only going to cost use about $5000 each. ------------------------------------------------------------------------- You'd better read the fine print :-) *Based on our present population the amount is about $7200. The bottom line is that a debt of $700 BILLION is far more likely to destroy the American economy than simply letting the banks fail. -R.S.Hoover $7200 is only the direct cost. Add "unexpected costs", the inflation this new "liquidity" WILL cause, the interest on it and the rest of our national debits (not deficit), and our tax's will only be paying the interest on what we owe in not too many years. Nice country we are giving the next generation. =============================== Leon McAtee Those that study history are also doomed to repeat it because there are so many that remain ignorant of both the past and the present..........IMHO Anyone want to buy some Tulip bulbs? |
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