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Car Forum / Driving, Maintenance, Tuning / General Car Topics / January 2009

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Japanese manipulating Yen for Automotive Profit

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Zippy Van Wentington III - 21 Jan 2009 17:40 GMT
http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYen_8Mar07.pdf
Gosi - 21 Jan 2009 18:06 GMT
> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...

"The surge in exports from Japan is a direct
result of a misaligned Yen and the Japanese
Government's ongoing efforts to keep the yen
weak versus the dollar. While Tamny writes,
"all central banks thankfully manipulate the
value of the money they issue," a recent study
by the U.S. Federal Reserve Bank reveals
Japan is the only developed country that
actively manages its currency."

The chinese also manipulate the value of their currency and keep it
artifically low against the Dollar and the Euro.

We should go back to the gold standard again because this printing
press exercise is not working.
Canuck57 - 21 Jan 2009 19:03 GMT
>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>
[quoted text clipped - 13 lines]
> We should go back to the gold standard again because this printing
> press exercise is not working.

Agreed.

The last thing we need is bickering governments manuipulating the currency.
But in general, it's impact is often overstated.

But the auto companies are using this as a crutch to justfy their
inadaquancies.  It is easier to focus blame on something people don't
understand.  If the dollar soared in value they would complain about labour
costs ignoring that raw materials are a bargain.  If the dollar tanks it
makes labour cheaper but raw materials skyrocket.  The two tend to cancel
each other out, and in fact a higher value dollar often makes more sense as
it leaves more money in the middle class pocket to buy autos.

Sort of like asking a failing farmer if the weather is right.  Often it is
too wet or too dry but never right.  But it keeps their minds occupied off
the real problems they don't want to face.  Perpetual complainers and
whiners ignoring the obvious.

Case in point, the CAD has fallen to 80 cents.  Didn't mater if it was par
or 80/100, they still lose money!  And they lost money before the dollar
went to par.  Doesn't mater, they lose money all the time.

GM/Chrylser management and their unions just don't get the cause of the
problem is 100% of their own doing.  And the solution too needs to be 100%
their own doing.  Not facing that just makes them look like a bunch of bully
beggars using the tax system to pick peoples pockets.  Needless to say, this
tarnishes the brands and companies.

For some of us already think of GM/Chrysler as Welfaremobiles.  Which will
make recovery even harder as it will result in a lower proportion of sales.
The longer these dogs ignore their problems, the worse it will get.
Zippy Van Wentington III - 21 Jan 2009 21:56 GMT
>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>
[quoted text clipped - 13 lines]
> We should go back to the gold standard again because this printing
> press exercise is not working.

No what is needed is an even playing field and  stop subsidizing japanese
cars manufacturers and artificially propping up japanese cars at the expense
of the US and other countries.
Jim Higgins - 21 Jan 2009 22:49 GMT
>>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>>
[quoted text clipped - 17 lines]
> japanese cars manufacturers and artificially propping up japanese cars
> at the expense of the US and other countries.

But subsidizing the Detroit 2.2 with bailouts as a reward for their
stupidity and intransigence is okay with you. Sheesch, even Mike Hunter
occasionally shows a little (very little) shame.

Signature

Civis Romanus Sum

Zippy Van Wentington III - 22 Jan 2009 04:56 GMT
>>>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>>>
[quoted text clipped - 21 lines]
> stupidity and intransigence is okay with you. Sheesch, even Mike Hunter
> occasionally shows a little (very little) shame.

I would rather have my tax dollar go to US manufacturing. You of course
prefer to US tax dollars along with profits end up half way around the world
when its all said and done. Then the Yen is manipulated and the process
starts all over again. Who is the stupid one here???
Gosi - 22 Jan 2009 09:56 GMT
> >>>>http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>
[quoted text clipped - 29 lines]
> when its all said and done. Then the Yen is manipulated and the process
> starts all over again. Who is the stupid one here???

US money is used to go to India/China/Korea/Japan etc for all kinds of
goods and services
Mike Hunter - 22 Jan 2009 16:57 GMT
I guess that answers the question, Who is the stupid one here???    It is
the greed of the American consumer, taking advantage by buying from low wage
counties that SUPPORT THEIR manufacturing base, at the expense of our
country

On 22 Jan, 04:56, "Zippy Van Wentington III" <zvw...@yahoo.com> wrote:
> "Jim Higgins" <gordian...@hotmail.com> wrote in message
>
[quoted text clipped - 38 lines]
> when its all said and done. Then the Yen is manipulated and the process
> starts all over again. Who is the stupid one here???

US money is used to go to India/China/Korea/Japan etc for all kinds of
goods and services
Canuck57 - 22 Jan 2009 16:10 GMT
>>>>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>>>>
[quoted text clipped - 26 lines]
> world when its all said and done. Then the Yen is manipulated and the
> process starts all over again. Who is the stupid one here???

US manufacturing includes Toyota, Nissan, Honda and BMW, your point?

Or is your point protectionism for the grossly incompetantly managed?
Mike Hunter - 22 Jan 2009 17:55 GMT
Really?    If Toyota, Nissan, and Honda are US corporations why are they not
paying US Corporate federal income taxes, like BMW, on the profits earned in
the US?

>>>> "Gosi" <gosinn@gmail.com> wrote in message

>> I would rather have my tax dollar go to US manufacturing. You of course
>> prefer to US tax dollars along with profits end up half way around the
[quoted text clipped - 4 lines]
>
> Or is your point protectionism for the grossly incompetantly managed?
Zippy Van Wentington III - 24 Jan 2009 20:33 GMT
>>>>>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>>>>>
[quoted text clipped - 30 lines]
>
> Or is your point protectionism for the grossly incompetantly managed?

Thats Japanese and German manufaturing with American workers in the US.
Respond back when America owns those factories.
Mike Hunter - 22 Jan 2009 16:52 GMT
You forgot to say "in my opion."   ;)

>>>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>>>
[quoted text clipped - 21 lines]
> stupidity and intransigence is okay with you. Sheesch, even Mike Hunter
> occasionally shows a little (very little) shame.
Canuck57 - 22 Jan 2009 18:03 GMT
> You forgot to say "in my opion."   ;)

He is not alone in his "opinion".
                            _
                          /'_/)
                        ,/_  /
                       /    /
                 /'_'/'   '/'__'7,
              /'/    /    /    /" /_\
             ('(    ' /'   ')
              \      /
               '\'              _.7'
                 \             (
                   \            \
 GM, Chrysler-Cerberus, CAW-UAW, get your
     selfish greedy hands out of our pockets!
              We don't steal from you!

>>>>> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYe...
>>>>
[quoted text clipped - 21 lines]
>> stupidity and intransigence is okay with you. Sheesch, even Mike Hunter
>> occasionally shows a little (very little) shame.
Mike Hunter - 23 Jan 2009 00:06 GMT
Perhaps, but an opinion all the same, not a fact   LOL

>> You forgot to say "in my opion."   ;)
>
[quoted text clipped - 39 lines]
>>> stupidity and intransigence is okay with you. Sheesch, even Mike Hunter
>>> occasionally shows a little (very little) shame.
Canuck57 - 23 Jan 2009 01:21 GMT
> Perhaps, but an opinion all the same, not a fact   LOL

Fact is, GM are tax pocket picking losers.  They don't deserve our business.

>>> You forgot to say "in my opion."   ;)
>>
[quoted text clipped - 41 lines]
>>>> stupidity and intransigence is okay with you. Sheesch, even Mike Hunter
>>>> occasionally shows a little (very little) shame.
Mike Hunter - 23 Jan 2009 02:18 GMT
Once again you forgot to say "in my opinion."   ;)

>> Perhaps, but an opinion all the same, not a fact   LOL
>
> Fact is, GM are tax pocket picking losers.  They don't deserve our
> business.
cavedweller - 23 Jan 2009 02:30 GMT
> Once again you forgot to say "in my opinion."   ;)

Il n'est pas capable....
Gosi - 23 Jan 2009 09:54 GMT
> On Jan 22, 9:18 pm, "Mike Hunter" <mikehunt2@lycos/com> wrote:> Once again you forgot to say "in my opinion."   ;)
>
> Il n'est pas capable....

Et qui se soucie de ce que veut le singe ou demande de
Canuck57 - 23 Jan 2009 16:52 GMT
> Once again you forgot to say "in my opinion."   ;)

Good little union boy, actually, your opinion.

>>> Perhaps, but an opinion all the same, not a fact   LOL
>>
>> Fact is, GM are tax pocket picking losers.  They don't deserve our
>> business.
Mike Hunter - 21 Jan 2009 18:14 GMT
So what's new?   The Jap government had been supporting and subsidizing all
of their industries since WWII not only it auto industry.   They don't call
it "Japan Incorporated" for nothing.

The difference is Toyota no longer has the profit to bring back to Japan to
be handed back to them for "Capital Reinvestment," or for the Jap government
to continue to shore up the Yen.   Same is true in Europe that is one reason
the dollar is rising against the Yen and Euro.   When push come to shove the
US economy is the strongest, most resilient in the world.

> http://www.autoyensubsidy.org/pdf/RealClearPolitics_OpEd_MisalignedYen_8Mar07.pdf
hageyama@hairdresser.net - 22 Jan 2009 10:27 GMT
> So what's new?   The Jap government had been supporting and subsidizing all
> of their industries since WWII not only it auto industry.   They don't call
> it "Japan Incorporated" for nothing.

But it hasn't been entirely successful at it and has made some major
blunders.  In the 1950s, for example, the Japanese government thought
American car companies were so far superior in quality, technology,
and low costs that Japanese auto firms could never compete against
them, and the government suggested those companies leave the
industry.  And 20 years ago, the Japanese government embarked upon a
"5th generation" computer project to leapfrog the Americans in
hardware and software, but today, where are the Japanese software and
super chips?
 
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