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The Fiat Dollar: As Unreliable As My 1971 Fiat 124 Sedan
Forbes ^ | 03/07/2013 | Louis Woodhill

Posted on 03/07/2013 6:34:19 AM PST by SeekAndFind

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1 posted on 03/07/2013 6:34:24 AM PST by SeekAndFind
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To: chuckles; Diana in Wisconsin; Boogieman; BipolarBob; yldstrk; nodakkid; Aquamarine; BenLurkin; ...

PING


2 posted on 03/07/2013 6:36:15 AM PST by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: SeekAndFind

I had a 75 Fiat X1/9......I spent more time UNDER it than I did IN it!........


3 posted on 03/07/2013 6:38:32 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: SeekAndFind
FIAT...Fix It Again Tony

FMCDH(BITS)

4 posted on 03/07/2013 6:38:57 AM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: SeekAndFind

“so it cannot work”

But has since 1971.


5 posted on 03/07/2013 6:39:06 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: SeekAndFind

Had he not untied the US$ from the $35 rate, the gold supply would have been sold out within days. The price of gold at the time in London was $40-43. Taking $35 to the gold window and buying and then selling in London for $40 was a piece of cake.

Nixon had no choice but to sever the relationship. Congress lacked the guts to engage in a debate and reset the rate as they had many times before. The decision was made that gold was irrelevant to the modern economies


6 posted on 03/07/2013 6:40:17 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: Red Badger
Condolences...
7 posted on 03/07/2013 6:45:53 AM PST by Eric in the Ozarks (NRA Life Member)
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To: SeekAndFind
Should have at least bought one of these to drive around while it worked:


8 posted on 03/07/2013 7:01:07 AM PST by Paladin2
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To: Red Badger

I had an ‘80 Fiat Spider and had electrical problems with it. Was a fun car to drive but rusted like crazy when I had to use it in winter.

Funny story: I left a six pack of club soda in it overnight. When it froze the bottles exploded sending one jagged glass top through the rag top. Opened the door in the morning and the interior was coated with frozen foam.


9 posted on 03/07/2013 7:01:16 AM PST by Second Amendment First ("Those who hammer their guns into plows will plow for those who do not..." - Thomas Jefferson.)
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To: Second Amendment First

The X1/9 had horrendous electrical problems. The wipers would sometimes go on by themselves, and since it had flip-up headlights, one day as we were driving down the road, one headlight would just pop up and go down continuously..........


10 posted on 03/07/2013 7:09:41 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Eric in the Ozarks

It was a beautiful car and it was really fun to drive!.......when you could drive it...........


11 posted on 03/07/2013 7:11:56 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Paladin2

Thanks for that pic. Even if it was a Fiat, it was at least attractive. Contrast that with our present crop of excellent, but mostly visually meh cars of today.


12 posted on 03/07/2013 7:17:36 AM PST by Da Coyote
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To: SeekAndFind

One of the few break into a laugh headlines on FR.

I really wanted the Spyder in the 1970s but stayed away due to the reliability rep.

Ended up with a Mercury Capri converible years later when they had the Mazda driveline. Eight years of fun driving in California for $5K.


13 posted on 03/07/2013 7:22:43 AM PST by cicero2k
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To: Red Badger

The owner of a sports car garage in Iowa City had a count of the number of Fiats in the university town in 1972. I think there were 22 or 25 at the time.
He kept a dozen starters on hand for winter business and sold every one of them...


14 posted on 03/07/2013 7:25:18 AM PST by Eric in the Ozarks (NRA Life Member)
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To: AppyPappy
It certainly has worked.

Ever since 1971 1933 when FDR stole the citizens gold those who have been the issuers and first-users of fiat currency have done very well indeed out of it.

They have been able to purchase your labor with pieces of printed paper which devalue every year.

15 posted on 03/07/2013 7:33:15 AM PST by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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To: agere_contra

I can still buy beer with it.

So......there.


16 posted on 03/07/2013 7:37:56 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: cicero2k
My Capri V-6 would get up and go...until the timing belt shredded itself.
17 posted on 03/07/2013 7:42:34 AM PST by AngelesCrestHighway
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To: Eric in the Ozarks

I never had a starter problem, maybe because we’re in Florida, but the X1/9 had it’s engine in the rear, and the battery was in the front trunk. Which meant that you had a really long battery cable to the starter. It ran the length of the car thru the tunnel in the center. It had a compass on the dash, and every time the starter was engaged the compass would automatically align with the magnetic lines of the current flowing in the cable!...........


18 posted on 03/07/2013 7:46:01 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

I recall a pal from 1977 owned one of these. He put two starters in the thing between ‘77 and ‘80.


19 posted on 03/07/2013 7:54:24 AM PST by Eric in the Ozarks (NRA Life Member)
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To: AppyPappy

:0)


20 posted on 03/07/2013 7:59:08 AM PST by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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