Posted on 03/06/2016 8:53:47 AM PST by NRx
I imagine these G-20 and EU countries each believing they have a solution, but they knowing they must also survive during the resulting chaos as all countries seek similar solutions. They see the daunting specter of disaffected holders sending $10's of billions of debt flooding the marketplace when there are no buyers unless prices are severely discounted. They are also particularly frightened by the image of a devastated U.S. economy, because feeding the insatiable desires of U.S. consumers has been a mainstay of their prosperity. I imagine something like the final scene in "The Good The Bad and The Ugly". The members of the G-20 and EU are standing in a circle with open graves behind them. They are all contemplating how they are going to successfully outdraw the other countries and survive the resulting mayhem, which Lee Van Cleef's character did not. The only thing needed now is a typical expression of human frailty to commence the cascade to catastrophe.
Are you getting through dealers or the auctions?
I’m one of those. I buy a used car with low miles, preferably as old as possible. Then drive it till it gets too many problems to bother with. Or until I wreck it. Whichever comes first.
When I cut back, I went with a Corolla. There’s a reason they’re in demand and have good resale, they’re pretty bulletproof and solid, up to 2007 at least. Not too bad for a small economy car. Would I rather drive something else? Probably, but this does what I need it to do inexpensively and well, and it’ll likely do for as long as I need it to. I do have a “fun” car still, but the Corolla is for daily driving.
Dealers. I just watch the websites
Should have added.......I buy through dealers becausef they’re certified. Makes for great warranties. You usually get the rest of the new warranty plus a certified warranty on top of that. The last 2 cars we bought were just at a year old with less than 10k miles on them and we got them for just over half of what they were new.
I usually by newer used vehicles with relatively high mileage. These will usually be "fleet" vehicles, and the mileage will be highway miles. The high mileage reduces the cost, and newer engines will easily go 200K miles if well maintained. The highway miles generally don't produce any significant wear to the brakes, steering, or suspension components.
They are also particularly frightened by the image of a devastated U.S. economy, because feeding the insatiable desires of U.S. consumers has been a mainstay of their prosperity.
The “money” quote right there. As much as progressives are in denial over the thought, US capitalism and consumerism is responsible for the wealth of the modern world. The saying goes “when the US sneezes the world gets a cold”.
I could never understand the progressive mentality that pushes them to see the US get it’s “come-uppence” as the only thing I can see on the other side is world wide darkness and devastation. Unfortunately I’m fairly sure we are due to find out, sooner rather than later.
We all are different. If I want a new car I want a new car. Have had my Jag since 2006 and it has 78k miles on it now.
My Dad was a car dealer, and I grew up in body shops and salvage yards. Most people seem to treat their cars kind of like pets, and I tend to think of them more like cattle.
Nope. To me theiyre just cars and replaceable. But I drive my cars a long time so when I want a new one I want a new one. Lol
Same here and yes it’s annoying. I love women driving 4 wheel drives to buy groceries. One of my son’s friends put his truck in 4 wheel drive to come down my driveway. I told him that was a shame since I drive in and out of it everyday in a Camry.
In that regard one item from years ago sticks in my mind. Coca Cola at one point did away with the classic product for which no one ever knew the formula. One ingredient was identified though, because the economy of Madagascar went into a depression when they no longer had any buyers for their vanilla.
I keep reading about negative interest rates. I wonder if it gets to that will the feds STOP people from withdrawing all their money. Even though the theory is to get people to spend money.
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