coolguy147
Commander
- Joined
- Jul 14, 2008
- Messages
- 2,817
Re: Ethanol and outboards
as long as i dont let it sit forever i guess it wont collect any water?
as long as i dont let it sit forever i guess it wont collect any water?
both parties are rather sickining and the flip flopping on both sides makes me a bit seasick.but politics is neither here nor there. the E junk was simply a vote grabbing knee jerk thing from all parties........I am not an economist but I understand simple things, like GM should be allowed to fall, as chysler and AIG and a few others. packrd fell, studebaker fell, nash and cord and a litany of automakers since the late 1800's........same with AIG, not all of AIG's divisions were in trouble. it should have been allowed to fail, spin off the viable divisions,even at 50 cents on the dollar and things would recover rather quickly......
about your functional brain cell comment, you may be onto something.
out of the 30 some odd Billion we gave GM ya know what they did last week?
I use "marine stabil" and dosed it good last fall. Should I discard that 6 gallons or put it in my car, or is it going to be OK to use? This is the first time I have had to worry about it... I am leaning towards "OK" but I am less mentally challenged thinking of it in my car than I am in my boat motor. Priorities![]()
rolmops, rodbolt, silvertip: I'll let you guess if I pack bags in a desert canyon or give rides to five-year-olds in a side show at the circus
However, I will agree with everyone here- the current political banter is the most party-line polarized thing I have ever seen in my lifetime.
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However:
Should GM be allowed to fail?
Yes.
Maybe, to some extent. GM should be reorganized to two entities: GM Global and GM USA. Whether you prefer a Ford, GM, Dodge, or whatever, US car companies are making some good stuff. Having one less of them isn't going to help the other two get more market share to where it doesn't have an impact.
There is always impact.
There's a lot of pensions, support industries, etc. which would be affected.
There is always impact.
Should AIG be allowed to fail?
No, look at the devastating impact of Lehman, (a fraction the size and scope of AIG). As a direct result of Lehman's implosion: the Gubmint was forced to guarantee money market funds and commercial paper froze up world wide. Iceland nearly ceased to exist some European borses stoped tradin' fer weeks. AIG, much MUCH bigger then Lehman would have ended our currency and banking system with one fell swoop. What would ya do with no currency or banks? Ever think of that one? Ya think things are bad now if the US dollar did not exist things would be MUCH worse.
Well, near as I can tell, they have already failed, but "we" stopped them from falling down, for now.
We should have learned from Lehman to force AIG through a pre packaged Bankruptcy prior to one dime of tax dollars. They would have agreed as they were desparate. Then Goldman, Merrill, Morgan, and Deutsche Bank et al would not have recieved 100 cents on the dollar fer the risky credit default swaps they entered with AIG (knowin' full well how risky they were), n' their eyes were wide open!!!
George Soros would have lost money instead of the $1.2 Bill in profits he made in 2008 at our collective expense.![]()
That is what is soooooooo outrageous.
Goldman n' Deutsche Bank, n' Soros gettin' 100 cents on their $ fer their risky massive Billion $ bets while the broken media and the pols focus on a few AIG fellers that got a million or two as agreed by Dodd (#2 recipient of AIG campaign $) n' Turbo Tax Geitner, (whose boss got more then Dodd from AIG fer his campaign).
Looks good on paper, but does anyone remember what happens when a country prints currency without value-backing?
If yer referrin' to the 1.2 Trillion big Ben used ta buy US T Bills, Notes & Bonds ta keep this Bear Market rally goin' ya have a good point.
Either gold or some resource that sort of "guarantees" the note?
Some flexibity can stop Deflation. Ya jus' need some way to corntrol irresponsible debt formation.
The first chance ta correct the course we are now on will be 2010, and then again 2012. Hope the damage is not tooo great by then, n' hope the American people wake up which I'm cornfident they are now doin'.
The amount of gold in existance (and what can be discovered) and mined, (very unpredictable), is hardly the way to fund a modern economy.
That said: we do have a problem.
We COLLECTIVELY spend too much and borrow tooooo much and save tooooo little and we have done that fer well over four decades.
These problems can't be blamed on jus' one person, (even though Greenspan, [and Rubin too,{another one of those Goldie Guys} to a lesser extent] deserves a great deal of blame here. As do the 100 Senators that voted fer unregulated Credit Defaut Swaps in late 1999 or early 2000 that TG knows about.
WE ARE THE GUARANTEE and I personally can use the income in my own house, now, and over the next hopefully 40+ years.
Too bad those now in charge at Central Corntrol don't respect that.
Whether they fall now, and the ripple would be huge, or "we" pay it off over the next 100 years, the ripple will be smaller but just as devastating, maybe more so.
I agree with most of what you say here, but an AIG type failure would blow us up far worse I assure you. GM and Chrysler can go bye bye, and cause great pain, but we do need money and a bank or two. Autos are built all over the world, and every plant outside of Detroit, (in the US), is profitable so someone would build the cars we need. Our currency and banking system is a whole different kettle of fish, that would be very hard to do without, that I hope is obvious to any thoughtful person.
Should we tolerate alky fuel? Well, it was my understanding when I was a kid (remember Gasohol?!) that alky-amended fuels could save loads of money,
Nope it has always been tax payor subsidized, n' forced on all of us by well coordinated regulations from Central Corntrol. If not the industry would not exist. PERIOD.
make the farmers happy,
Farmers are giant Corporations who get all those tax subsidies as Pols are bought with yer tax dollars.The family farm is even farther in the very distant time horizon then 1955 when they correctly said: how "goes GM goes America". That is now no longer true, no matter what the Union bosses who own our current POTUS with the $450 million they invested in the 2008 cycle want ya to believe.
and be better for the environment.
BS, Alcohol causes more problems then it helps. That is a big tax payor financed myth!!!! Don't ya think all those poorly maintained cars with alcohol damaged fuel systems, (and boats tooo) burn more fuel MUCH less efficiently then if they ran properly MUCH LONGER on dino fuel??????
Now, we are using the same alcohol,
Because we are forced to by campaign donations to Pols from our own recycled tax subsidies to big Corporations who grow corn, (n' Lord knows I like CORN)!
forcing more R&D at the automakers by mandating MPG requirements,
Boy that sure werked real good eh? Didn't you mention how GM is doin' great with all that top down interference from Central Corntrol, eh? Do you follow history at all. George Santayana coined a REAL catchy phrase that ALL people should ponder REAL HARD: "those who ignore history are doomed to failure" or some such. It may not be an exact quote, (I didn't google it), but it is close enough fer a feller with only one functional brain cell ta absolutely believe.
Ya really think the USSR was a great model of benign Central Corntrol? Imperical historical evidence shows otherwise, n' George Santayana was soooooooooo right as we will all learn AGAIN over the next few months n' years!!!
Why do ya think central planners have all the answers? Do you ave ANY historical proof of yer corntention? Me thinks not: but I'm open ta evidence me brain cell is cracked.
sourcing poorly-made short-term goods from China,
Me thinks China makes purdy good inexpensive stuff. I like it. N' ya can buy it (or not buy it yer choice n' I fer one like choice) at Wally World. I think that is a good thing. Pesky brain cell.
and bailing everyone out who didn't have enough freeboard to ride the ripples. (little marine analogy; this is after all, a boating forum![]()
They should fail, that is where you and I do agree here.
Well, alcohol in fuel doesn't store well.
10-4
I think if they are going to mandate ethanol, we should get our Reps to also make it law that a certain amount of non-eth fuel is available.
Yeahsureyabetcha: more Central Corntrol. That is some folks answer fer everything and they clearly won the last two elections, and we are in the process of learnin' what we already knew from our experience in 1932. Wish we could learn from history without relivin' it don't you??????
How about pullin' the subsidies on alcohol and the requirements and regulations forcing alcohol down our throats and seein' if they can take those "ripples" yer talkin' about. Me thinks they would be more like tidal waves then ripples. I KNOW THEY COULD NOT, take the waves, don't you???? Freedom of choice is a REAL POWERFUL THING.............eh? Hmmmmmm?
Boat motors are not the only thing effected.
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All I know is I am going to pick out paint for my boat motor this week.
Marine stabil is supposed to keep alky/gas from water issues.
I guess I was really asking if stabil marine works as claimed...
I've had no issues with 10% ethanol here in N. Texas in my older engines (1970 is the newest one). But, I run Stabil and Seafoam all of the time, only have a six gallon and 1.5 gallon plastic tanks, and store it in the garage. I've stored it for 9 months, run it through a paper filter to check for crud, and found nothing. The color looked just the same in clear glass bottles when compared with new pre-mix. However, when I lived in Fla., I've had slime start growing in non-ethanol gas in 2 months and completely foul the fuel system. I think climate may play no small part in the stability of mixed ethanol gas.
me oan old mercs almost agreescary.
About some things: Rodbot. I cornsider you an ace mechanic, so I would not likely disagree with yer opinions about yer profession, as I'm a back yard type with very specific knowledge of a very few things I have werked on meself (not the general knowledge you have scrapin' yer knuckles on a daily basis), n' likely goin' ta trade schools or manufactures' tech training as well.
however AIG should have been allowed to tank just as GM and chysler should be.
Now yer in an area that I know quite well: Rodbolt, (22 years in Investment Banking, 5 years in the lending side of banking).
Had AIG been allowed to blow up the US dollar, and most of the world's currencies, banks and financial institutions would have blown up totally. How do ya think you would fare without the US dollar, Hmmmmmmmmmm?
Not so well I assure you.
not all of AIG's divisions were insolvent and most wouldhave been purchased and the product lines remained.
Sorry: Rodbolt, it has very little to do with AIG's cornventional insurance lines and bidnesses (which were and still are mostly profitable and viable).
What blew up AIG was credit default swaps. Where management, (largely post Greenburg [run outa office by Elliott Spitzer]), made huge bets of many trillions of dollars, that were not adequately offset or hedged or priced, and AIG's total market capitalization, (total value of all equity and debt), never got even close to one Trillion.
When a huge company makes very risky bets like AIG did, they make lots of money (as long as the risks go their way).
When things started blowing up, (like Fred n' Fan, n' Bear, n' Lehman), those bets went real wrong and the liabilities from said bets exceeded the entire value of the imparred AIG by an exponential factor, (since the capital markets knew it was coming unglued and drove down stock and bond values at AIG).
Clearly we should have forced an expedited bankruptcy of AIG PRIOR TO TAX DOLLARS BEIN' PUT AT RISK, so that some of the swaps to very sophisticated players like Goldie, Morgan, Merrill, Deuche Bank, n' that creep Soros could have received cents on the dollar on their risky bets as they knew the risks, instead of whole tax payor funded $ those pigs got.
Critical entities, (as Judged by the BK Judge), that were counter parties on the swaps could have been paid to save the system as judged by the BK referee.
Believe me if Lehman caused as much damage as it very clearly did AIG's scope was much MUCH greater and would have brought us to ZERO. Nanny Gubmint had to guarantee all MM funds and the commercial paper market as a direct result of Lehman's failure, n' Iceland went boom, (Ireland is very close ta goin' boom), n; many European borses stopped trading fer long periods.
It is REAL hard to kick start any financial system from ZERO: Rodbolt, (look how hard on the world it has had it since Lehman failed).
I actually made money playing with AIG's various diviosions.
but as a corperation they should have been cut loose.
Moot point: see above.
I simply dont agree with govt bailouts.
Then you would like to end all modern finance with no currency and go to a barter system enforced at the barrel of a gun or by maurdin' gangs: Rodbolt. Banks and a currency are important. Some things MUST BE SAVED.
but if a company ACCEPTS a bailout then the idiots simply have to live with govt mandates on staffing.
I guess we disagree here as well.
I don't know of many politicians that can run anything very well, (and they never have).
If ya let pols and the cooperative media who incite' the masses n' shift blame fer the mess, (that the pols made in the first place), ta some poor smucks at AIG that Dodd, (who was #2 in AIG campaign corntributions), n Turbo Tax Geithner, (who's boss was #1 in AIG corntributions), arranged to get big pay days in the 1100 page bill (that the pols never read), but voted on which spent more money then any bill in US history. N' then ex post facto, (which is uncornstitutional: Rodbolt), use the tax code to punish these same people; I am NOT IMPRESSED.
They can't even obey the cornstitution: much less run Gubmint Motors or Banks (or Fan or Fred)!!!!!
the talking heads on most news nets simply dont get that.
Dunno about talking heads: but I don't think you get it either.
if the corperation doesnt want the govt telling them who to hire,fire or lick then they simply dont have to accept taxpayer dollars.
Banks are critical, and different then other industries as I covered above. I don't want Nanny Gubmint running anything in the private sector, but we all need a bank or two and a currency. Cars are built all over the world, and Ford is still standing.
not that the govt could actually run a business.
10-4
other than maybe into the ground.
10-4
but getting back to ethanol, yep it can be nasty stuff.
in my area the jury is out cause this is the first winter layup season we get to deal with it.
NC only went to E-junk in june of 08.
I sure hope those mid-west senators and congressmen are making a killing.
but I do get it,
Hmmmmmmm ya think ya do eh?
they should have been allowed to tank if they did not foresee this.
If AIG would have been allowed to tank the entire world's financial system would have gone down.
I am a lowly tech and I saw it coming which is why I am on the positive side about 60K and have a few large CD's still locked at 6%.
Hmmmmmm CDs yer sayin'? N' ya think the FDIC, (the basis of yer cornfidence in those bank CDs if ya think jus' a wee bit), would have been solvent had AIG failed? NOPE! Yer CDs would have been worth zero Rodbolt, had AIG been allowed to do what Lehman did. That is very clear as AIG was an order of magnitude bigger and more significant to the world's financial system then Lehman was.
to big to fail my arse.
That is what it would have been: Rodbolt! Yer arse! N' everybody elses' too!!!
I dont care about bonuses, in the scope of the billions a few million here and there wont matter.
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for the bankers and the wall streeters it may have been gloom and doom.
It has clearly been gloom and doom fer people who werk in the financial sector: Rodbolt. Politicians and the cheer leading press who gave us these politicians have gloated, jeered n' blamed as huge banks (that have many more employees then all three auto makers combined), have been cut down and smashed. The financial werkers didn't have political cover from powerful Unions that bankrolled the political winner; n' the press and the political winner still kicks them fer populist sport, n' to distract attention. Very sad.
to the rest of us that work for a living the sun would have risen in the east,followed later by the moon, and life would go on.
Yes that would have happened, but there would have been no banks (where those CDs yer so proud of are), and no US dollar, n' some cornsiderable social unrest as well.
Ya see New Orleans after Katrina: Rodbolt, or LA after Rodney King? Tempest in a teapot cornpared to a rapid collapse in the US dollar, which AIG would clearly have caused.
the sooner the toxic crap and the automakers shake out and live or die the sooner we can recover.
Yer right as long as it is in a corntrolled way: Rodbolt. An AIG failure would have been totally uncorntrolled disaster, (Lehman was jus' a small taste).
will it affect us? yep but the faster you allow a wound to heal the faster the patient recovers.
The financial system is MUCH different then any other large industry Rodbolt. Everyone uses banks and money, not everyone drives a car et al.
the US is attempting roughly the same thing japan tried and it actually slowed japans recovery by about 10 years.
Gubmint interferance does slow growth and recovery, (it always has, Japan in 1989 or FDR in 1932). That said: ya need banks and currency. That is basic 101.
I am not a finance expert
That is quite obvious.
but neither am I asking for taxpayer bailout.
You would not get one even if ya did Rodbolt.
I just laid 160K down on a house. I could lay the entire 358K and walk away with the deed.
That is good Rodbolt. You have done well for yerself: good fer you. People like you have been hurt badly by this crisis and the massive spending we are now doing with borrowed money we have no way to repay is gonna hurt you and the rest of us and our kids and grandkids much MUCH more.
however it would dissolve my liquid assests and I am banking I can work another 10 years.
Hmmmm I see.
however I wont be upside down.
Maybe not by yer own doin' but yer Gubmint is actin' very irresponsible. Lets talk some more in three more years eh?
thats what most the big boys did, they got stuck holding worthless paper and are asking the US taxpayer to buy it at face value
No not "face value" Rodbolt. "Face value" doesn't exist anymore, hope ya know that.
when no one really knows what its worth other than its to rough for toilet paper.
dont think I am unpatriotic at all, I spent 6 years in the USN and was medically retired with a service connected disability.
I never said you were unpatriotic I said ya don't get it: and ya clearly don't.
trust me I KNOW the govt cannot run anything.
That is obvious, doesn't require me to trust you or anyone else, just need ta use me two eyes and me two ears n' me one functional brain cell.
try to get your VA benifits if ya dont believe me.
so do we tank and get it overwith or do we saddle ourselves with,they say 2.5 trillion, but I will say closer to 4 trillion and just get it overwith.
We should have forced a corntrolled Bankruptcy of AIG prior to any tax dollars, since we didn't then we could still do it now, and we should as more shoes will drop, (this is nowhere near over), wish it was.
but as far as executive bonus's? if the contract said its ok then its ok.
Contracts can be set asside by Bankruptcy: Rodbolt, that is the reason fer it.
until your bankrupt and MY money has to bail YOUR companys butt.
then its not ok.
Bankruptcy would sort it out.
its not the money, the exec pay is minisule and unimportant in the big picture. its the principle of it.
Yes it is called political payoffs. That happens any time Nanny Gubmint is involved running something.
if you paid me 3000 dollars to rebuild your V6 outboard and it did not run when delivered would you smile and pay me ?
same with them.
bonus money is a reward for success not for failure.
though I have had no issues with ethenol in gas, Im sure the climate difference between FL and MN has something to do with it. Possibly sitting in a cold gas can all winter here in MN slows things down as compared to sitting in a warm moist gas tank in FL.I brought up some of the ethanol fuel issues we're having here in Fla and related some of what I had researched and some I got from my marine mechanic, a pretty sharp guy. Then I got blasted by a poster in this thread for not knowing what the heck I was talking about....having rodbolt verify what I had said is redeeming. One thing I've noticed about this board is that some guys are very friendly and helpful others are giving out misinformation at every turn and apparently have been doing so long enough to get achieve large post counts.
though I have had no issues with ethenol in gas, Im sure the climate difference between FL and MN has something to do with it. Possibly sitting in a cold gas can all winter here in MN slows things down as compared to sitting in a warm moist gas tank in FL.