De-valuing the American Dollar

3/20/2009 Update:

Refreshing this post from the beginning of February…

AIG “Outrage” just a smokescreen!

If you have a pulse – you’ve likely heard about how bailout recipient AIG doled out million dollar bonuses this week.

Glenn Beck wanted to remind everyone about something much more important – that the Fed is just printing trillions of dollars, potentially hurting the value of our dollar (i.e., “wheelbarrows of cash to buy a loaf of bread…”)

SEE PREVIOUS VIDEOS AFTER THE JUMP…

2/2/2009:

Many people cheer these recent economic “bailouts,” and claim it will “save our economy” (meanwhile corporate CEO’s are buying jets and going on lavish trips) – but others think it’s the “beginning of the end” – and our problems are just beginning.

Here’s one video from Glenn Beck over at FOX News (and different version afterward).

Your mattress stuffed with 100’s could seem like chump change soon!

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237 Comments on "De-valuing the American Dollar"

bradykp
Member
bradykp

[quote comment=”144655″]the Pontiac A-body’s and F-body’s from 64 to around ’70 were/are the best they ever made and are expensive collector cars now. after that it pretty much died. but it was always a performance brand in the GM lineup thru the 50’s and 60’s. the division had a few guys that led the performace trend and were innovative on their own inside GM. Pontiac was the very first brand to offer a Tri-Power option in the 50’s…a ’66 GTO 389 with the ram air tri-power would be about as good as it gets for a GM musclecar. probably worth more than a olds 442 w-30 or a buick stage III GSX[/quote]

my mom’s cousin finished rebuilding a 72 GTO – i think i got the year right. He loves it.

the chevelle was a sweet vehicle too.

strand tramp
Member
strand tramp

note- i didn’t forget the chevelle SS LS6…it’s just not as rare as the other 3.

strand tramp
Member
strand tramp

the Pontiac A-body’s and F-body’s from 64 to around ’70 were/are the best they ever made and are expensive collector cars now. after that it pretty much died. but it was always a performance brand in the GM lineup thru the 50’s and 60’s. the division had a few guys that led the performace trend and were innovative on their own inside GM. Pontiac was the very first brand to offer a Tri-Power option in the 50’s…a ’66 GTO 389 with the ram air tri-power would be about as good as it gets for a GM musclecar. probably worth more than a olds 442 w-30 or a buick stage III GSX

bradykp
Member
bradykp

[quote comment=”144647″]Can anyone list all the slang acronyms for the Big 3’s – what the letters stood for? Great trivia.

The only Pontiac I ever liked were my friend’s 1968 Pontiac Firebird (he did all the work himself), and the 1986 Pontiac Fiero GT. Other than that, forget about it.[/quote]

there’s tons. Fix Or Repair Daily is a fun one.

matt_72
Member

I don’t blame unions for everything, just for almost every major corporate bankruptcy where the workforce was heavily unionized and where you had large legacy liabilities. That covers the bankruptcies in the auto industry, trucking industry, airlines, grocers, mining, steel companies, etc…. I can give you a list of companies if you want. In almost every competitive industry where a company had a large unionized workforce, these companies have gotten slaughtered by non-union and/or international competitors. You can deny it all you want, but it doesn’t change the fact that these companies were crippled by their union contracts and those contracts have almost universally been one of the largest (if not the largest) sources of their financial problems. The best management teams in the world couldn’t succeed in the auto sector w/ the contracts these unionized companies have been stuck with. Same goes for all these other industries. Though how you can call $50bn worth of union related liabilities a “fault” is kind of funny. It isn’t a fault, it is a death sentence. They bleed the companies to death over the last couple of decades and now all 3 would have long since gone belly up if not for the bailout money. And to tell you the truth, I really hope they file for bankruptcy. It will be far cheaper for everyone to clean up this mess inside of CH-11.

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