38 days left for Holden - RIP

[Nitro_X]

Anyone else join the dots?...I'm probably too cynical but what I noticed about the US auto industry bailout in 2008 is that although their government is calling it a success, they never mention the fact that financial institutions had to significantly ramp up 'auto laons' to keep the industry churning out vehicles so auto makers could stay afloat and pay back the bail-out funding...with a good lot of 'subprime' auto loans thrown in on top.

So nothing has actually improved ...the tax payer bailed out the big auto makers via government elites, while the banks ramped up the debt on the citizen tax payer consumer to buy the cars to provide profit for the corporate shareholders.

It's a big f-ucking con
The underlying economic fundamentals have not improved, it's just that the big auto makers & Wall St corporates got bailed out, and continue receiving their bonuses, while the citizens tax payers are again left holding all the debt!
The vehicles lose value as soon as you drive them off the lot, but the assets the corporate CEO's buy with their big incomes go UP in value (property and stocks)

Its a Win-Lose deal my friends....the big boys win, and the little guys lose.

.

 

[jetfrost]

*chuckle*
May as well throw the rest of Australia's manufacturing industry into the display

.

And make the Elizabeth plant an interactive museum, where you get to make your own car and take it home

 

[VS 5.0]

Its a Win-Lose deal my friends....the big boys win, and the little guys lose.

As it has always been.

"The rich get richer, the poor get the picture" (Midnight Oil)

 

[Nitro_X]

As it has always been.

"The rich get richer, the poor get the picture" (Midnight Oil)

We're a bunch of chumps.

Vive la révolution.... like we need more of those

ps
Peter Garret's foray into politics left me scratching my head.....the sad irony

.

 

[greenacc]

Lol, the pink batts scheme!

 

[jetfrost]

We're a bunch of chumps.

Vive la révolution.... like we need more of those

ps
Peter Garret's foray into politics left me scratching my head.....the sad irony

.

Peter Garret should've composed songs while in politics at Canberra

 

[commodore665]

Sorry Mate but my knowledge if how to attach pics is non existent since this forum updated a couple of years ago. I'll try but no promises.

Edit. Bugger me. It worked.

They should put that on a plinth , end of an era .

 

[VS_Pete]

Thanks for the pic Cal

 

[figjam]

Way off topic, but .... is the Midnight Oil Peter Garrett the same person as the Labor Party Peter Garrett ?
http://www.abc.net.au/news/2017-10-03/midnight-oil-peter-garrett-aboriginal-elder-apology/9011092
So many songs, so much BS.

 

[Nitro_X]

Way off topic, but .... is the Midnight Oil Peter Garrett the same person as the Labor Party Peter Garrett ?
http://www.abc.net.au/news/2017-10-03/midnight-oil-peter-garrett-aboriginal-elder-apology/9011092
So many songs, so much BS.

***
"In 2009, Mr Garrett allowed mining giant Glencore to divert a section of the McArthur River in the Gulf of Carpentaria near Borroloola to allow it to expand a zinc mine."
The decision was opposed by many Aboriginal people in the area, including senior elder and artist Jack Green.
"We told him, 'if you do this it's going to agree to this diversion, it's going to create a lot of problems. Fish are going to be damaged, the country's not going to be good'."
***

Our Holden Commodores were hot-dip galvanized to prevent corrosion, this was/is done in a bath of molten ZINC.
It's a cruel world.