Thread regarding General Motors layoffs

Still waiting for @xajv+1nRs8CQx to explain how "China, OPEC, and Russia" are responsible for global inflation.
Nothing but crickets. And I still haven't seen any of my points refuted.
It's not enough to just down-vote, insult or disagree. You need to bring it and you need receipts. The real takeaway is that people are living in a fantasy world and anything that challenges their world view or fake reality is met with derision. It's understandable but it's actually pathetic. Man-up!

@xajv+1nRs8CQx
"So you blame inflation entirely on stimulus to avoid a recession during a pandemic a few years ago."

Is that what I said? I said quite a bit. You might want to re-read some of it. Here you go:
@xird+1nRs8CQx
@xtnw+1nRs8CQx

"You think China, OPEC, and Russia and what they're currently doing have nothing to do with it."

It sounds like you have some kind of theory. Let's hear all of the details.

So you blame inflation entirely on stimulus to avoid a recession during a pandemic a few years ago.

You think China, OPEC, and Russia and what they're currently doing have nothing to do with it.

• Remember what I said about printing money, passing it out as "stimulus" and the relative value of goods and services.-

"Earlier this month, the chief economist at Moody’s Analystics reported that Americans are spending $709 more per month on everyday goods and services compared to just two years ago."

"“The high inflation of the past 2+ years has done lots of economic damage,” Mark Zandi tweeted following the release of the Consumer Price Index — a closely-watched measure of inflation that tracks changes in the costs of everyday goods and services."

Source:
Inflation squeezes Americans as 61% say they live paycheck to paycheck
https://nypost.com/2023/08/31/inflation-squeezes-americans-as-61-say-they-live-paycheck-to-paycheck/

@xhhf+1nRs8CQx "So explain how a US student loan payment moratorium raised inflation in Germany."

Germany released well over a trillion dollars in just the second stimulus release alone. Source below [1]. The UK rolled out several rounds of stimulus in the billions. There's your inflation. GET IT? Several states in America are already getting the pandemic II underway. They are already mailing out new stimulus checks. Source below [2]. Are you picking up on where this is heading?

For those who do not understand economics or business: When you release billions, let alone trillions of dollars (or euros) into an economy, IT CHANGES THE RELATIVE VALUE OF GOODS AND SERVICES. This is mean to stimulate the economy but it's foolish because it leads to hyper-inflation. We now have recent evidence of this but history shows many examples of money printing gone wrong. Read about the Wiemar Republic or what happened to Venezuela recently.

The U.S. Government spends well over a trillion dollars beyond what it collects in taxes each year. This will cause a catastrophic meltdown of the U.S. dollar and your spending power. This is not a "conspiracy theory"!!! This is a fact. Many of you have no idea what you are talking about and do not understand these things so you get a dopamine rush by trashing and insulting. But let me tell you this. YOU WILL GET CRUSHED and I won't feel sorry for you. When you cheer on the next round of stimulus after the left product launches Cov1d Lock-down Part II, remember this conversation. You and your friends and families will lose everything. This is not a prediction. It's obvious to anyone who has studied history and economics. You won't be at home watching Netflix while collecting a check like last time. You'll be in line at a food bank!

Why do you think CEO's are selling their stocks?
Why do you think banks are in trouble (some are collapsing)?
Why do you think America's credit rating has been lowered?
Why do you think the Fed is raising interest rates?
Why do you think bankruptcies, credit defaults and foreclosures are on the rise?
Why are retail outlets going out of business?
Why is the commercial real estate sector failing hard?
Why do you think American businesses are lowering their profit expectations moving forward?
There's an old saying in my circles, "when all else fails they bring you to war". You can look forward to that too.
You felt smug with your questions. But you can't fact-check your way out of economic devastation. Everyone you know is up to their necks in debt. You are all debt slaves.
FAFO

[1] Germany’s Second Coronavirus Stimulus Package Brings Total Support to €1.3 Trillion
https://www.wsj.com/articles/germanys-second-coronavirus-stimulus-package-brings-total-support-to-1-3-trillion-11591226131

[2] Stimulus Check Update: Direct Payments Going Out in Four States This Month
https://www.msn.com/en-us/money/other/stimulus-check-update-direct-payments-going-out-in-four-states-this-month/ar-AA1g53Qb

UK inflation rate: 6.8%

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/july2023

US inflation rate: 3.2%

https://www.cnbc.com/2023/08/10/cpi-inflation-july-2023-.html

Germany inflation rate: 6.1%

https://www.destatis.de/EN/Press/2023/08/PE23_343_611.html

How did Biden do that to Germany without affecting the US?

So explain how a US student loan payment moratorium raised inflation in Germany.

“ OPEC's price hikes which raised energy costs.”
Exactly! It was OPEC that destroyed America’s energy independence. It had nothing to do with shutting down oil pipelines and canceling oil drilling contracts on Biden’s first day in office. Some call that economic sabotage. I call it saving the planet!

Pumping trillions of borrowed dollars into the economy via stimulus checks had nothing to do with inflation, right?
Putting a moratorium on mortgage and student loan payments had nothing to do with it either.
Locking down America was the best choice. It’s going to be great to get the party started in a couple weeks. September 15 the new election variant will have a product launch coinciding with the new vaccine announcement.
Maybe we can all do a zoom meeting from our peloton bikes again? So excited I already stocked up on toilet paper.
PS China ended “zero Covid” last December. What kind of data do you think they collected?

And the Mark of the Beast is Indictments of Four

7% of of credit card users are delinquent.
35% carry a balance month to month, $5900 is the average debt and the average interest rate is 24%.
Student loan median monthly statements have gone up 24%.
Inflation, high debt and high interest cost is destroying the middle class.

1. There are mass layoffs across several corporations right now.
2. There’s an “everything bubble” (stock, real estate, finance) that’s about to pop. Student loan repayments start October 1.
3. Inflation is expected to keep increasing.
4. Interest rates are expected to keep increasing.
5. Americans have the largest amount of debt in history and over 60% report that they live paycheck to paycheck. Most don’t have $400 for an emergency.
6. Regional banks have collapsed and many others are starting to fail.
7. The commercial real estate market is declining fast and homes are too expensive for most Americans. The debt to income ratio is the highest in history.
8. New mask vaccines requirements are already happening at businesses, school and government. This will likely escalate.
9. The trade deficit continues to grow, the national debt is unsustainable and the dollar is losing value.
10. Retail stores and bank branches are closing rapidly.

These are facts. If your reaction is “Nostradamus”, “conspiracy nut”, “bible reference” or some other partisan talking point, you absolutely deserve to get crushed by what is coming. It’s time to brace for the greatest wealth transfer in history.

Coming soon to a GM showroom badged as a chevy....

Finally, some interesting conversations here!
The exaggerated prices (greed), inflation and high interest rates are the ropes tangling Gulliver up. He’s going to fall down hard. Get ready.

Companies keep announcing record profits.

Including GM.

How are they doing that if their costs are going up, including labor?

They just jack up prices more than they need to, they make more profits, and inflation goes up.

Anti trust laws haven't been enforced in 40 years.

That's why companies keep gobbling up other companies until there are just a handful controlling every industry and little competition.

This makes "greedflation" easy to carry out, and it isn't affected by raising interest rates.

Companies aren't borrowing money to deliberately boost their profit margins.

"The news media keeps claiming that wages are keeping up with inflation, but we all know that isn’t true."
The major media outlets are owned really by something like 5 groups only.
They control all the messaging which I suspect is to benefit themselves only.
I go by simple things like food prices, gas prices, and wages.
This sounds like we are living in China.

Shen Yang or maybe...
somebody that got laid off by GM

@1pql+1nRs8CQx
Shen Yang strikes again.

Geely = 999s
GM = Cr--s in a bucket

When World War II ended, soldiers went home, and there was a huge demand for goods and services. The only problem was that there was a supply chain crisis because of all of the resources that were used up during the war. The result was massive inflation. The big problem was that wages did not keep up with this inflation. So, what ended up happening was that the country went into a deflation spiral. What comes with that is massive joblessness and recession.

I believe that the Covid lockdowns caused a similar condition. We are now at the point where people are deeply in debt and can’t afford the inflated prices. The news media keeps claiming that wages are keeping up with inflation, but we all know that isn’t true. What I believe comes next will be stagflation. The things that people need for survival will be inflated in price while things that people don’t need like boats, motorcycles, RVs will be deflated in price. I believe we are already seeing this but it will be exaggerated.

Needless to say, the American consumer will not be able to afford $50,000 cars at 12% interest. Moving forward, the American auto industry is going to be in very deep trouble. I believe that all of us should be acting accordingly. Save your money and make good choices. God bless.

Imagine 5 years from now, every car, truck, and big rig in America stopped running at the same time and couldn't be started.

We need to protect our software and be sure of the people working on it.

What are they putting in car software?

https://dnyuz.com/2023/07/29/u-s-hunts-chinese-malware-that-could-disrupt-american-military-operations/

A lot of GM's engineers are from China. And India.

"Why would GM want to rebadge their products and help them break into the American market?"

Why? It's obvious. A CCP-made car is made at a tiny fraction of cost. More money for GM!
The SAIC-GM company is half-owned by GM and half-owned by the CCP.
Every time a Ch!n33se Buick or Chevy Equinox is sold in America, it funds the CCP.
The same CCP that is spying on Americans and American corporations, stealing intellectual property, hacking local electrical/gas utilities and holding data for ransom, organ harvesting and enslaving Uyg4urs and releasing bioweapons on world.

@nne+1nRs8CQx

NCHs and H1Bs work cheaper, though.

Why would GM want to rebadge their products and help them break into the American market?

More short term thinking that'll put you out of business in the long run.

"Can GM rebadge some of these"

There are several GM cars being sold in the U.S. market that are made in c*(#a.
Can't name the country.
thelayoff will censor.
The point is, they are already doing this. Their SAIC operation is building cars in that country and selling them here. You don't see the union complaining about it either.
https://en.wikipedia.org/wiki/SAIC-GM

"Made in America" is a myth. "Assembled in North America with Chin3s3 parts" is the reality. They have no problem charging more than market value for them either.
Every time I see the "Buy American!" bumper sticker, I wonder if the owner really knows and is being stubborn, or if they are truly ignor3nt.

Maybe the chief diversity officer can explain it better than any of us, but it seems as if low cost child labor in factories 'over there' helps GM pay for board of director salaries, retirement benefits and lawsuits 'over here'.

Can GM rebadge some of these, similar to what they did with the GEO brand back in the 90s. Seems like an effective way to get the bowtie in some customer driveways, and establish the brand reputation in people's minds.

For the next few years, it is interesting to see how much technology GM would steal from Chinese auto makers as most of GM engineers are mocked stupid and lazy guys by their Chinese counterparts.

Wonder if car company CEOs will feel guilty.