Here We Go

The Khashoggi incident shows that the Saudi leadership is hardly an enlightened group and still believes in medieval methods. I would love it if the US never bought another drop of oil from Saudi Arabia. Before one compares what happened to Khashoggi to US interrogation of terrorists, Khashoggi was no terrorist.

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My love of cars with internal combustion engines may seem very inconsistent with my desire to stop buying oil from the Saudis. “A foolish consistency is the hobgoblin of little minds.” I believe that the phrase “a foolish consistency” applies to those who blindly follow a particular ideology. Repeat after me: NO ONE has a monopoly on truth and wisdom and neither does ANY ideology.

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An interesting set of comments from BMW’s head of research and development, Klaus Fröhlich, as quoted here in Automobile Magazine: “If you assume that, from this 30 percent [pure electric cars and hybrids], half of them are plug-in hybrids—I have 85 percent in my portfolio in 2030 with a combustion engine.” Fröhlich also remarked, “But the world—Russia, Australia, a large portion of the world—they will have combustion engines for a very long time.”

More than 1.2 billion cars and trucks are owned by citizens all over the world and almost all of those vehicles run on gasoline or diesel. Every year, more than 70 million new cars and trucks are purchased by people all over the world and most of those run on gasoline or diesel. Even forgetting that the manufacture of plastics is based on petroleum, the sheer number of vehicles in the world using internal combustion engines means that the oil infrastructure is not going away any time soon. Countries that seek to ban all internal combustion engine vehicles from operating within their borders in the intermediate future are seeking a pipe dream and/or a harmful disruption to their economies. “Be careful what you wish for because you may get it.”

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Does that last statement apply to winning the lottery? The level of Mega Millions ticket sales has boosted the annuity value of the jackpot to $970 million and the cash value to $548 million. I believe this is the second highest jackpot in US lottery history. I can’t find rock-solid research on this topic, but I have read in multiple places that about two-thirds of lottery winners are bankrupt within five years of their win. I have my theories as to why that might happen, if true, but those theories are extremely politically incorrect and I am not interested in starting a flame war. I will simply repeat something I have written here: Ignorance is NOT bliss.

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If my wonderful wife and I were to win the Mega Millions lottery, what other cars might I buy besides a C2 Corvette and a De Tomaso Longchamp? Earlier this week I showed the 1987 Buick GNX as a possible purchase. How about this?

See the source image

From hotrod.com a picture of a 1967 Mercury Cougar with what I think are non-standard wheels. While every regular Disaffected Musings reader knows I am not a big FoMoCo fan because of its founder, I like to think I am an agnostic when it comes to cars. That is, with the exception of Volkswagen and Porsche, I try to judge the car apart from its manufacturer.

While the Cougar was basically a Ford Mustang with a different body I think the Cougar is a great example of crisp American styling. I didn’t show the front end, but I am a big fan of hidden headlights, which is one of the very few topics about which I can be accused of preferring form over function.

Six 1967 Cougars are currently listed for sale on Hemmings, not counting auction vehicles. The asking prices range from $8,000 to $29,900 with four of the six listed at less than $20,000. I didn’t grow up with money so maybe that’s a partial explanation as to why I like so many cars that are not expensive.

OK, folks…what cars would you buy if you won an imaginable amount of money?

 

#somanycarsjustonelife

#disaffectedmusings

 

It’s safe to assume these people aren’t reading this

https://en.wikipedia.org/wiki/Sentinelese

Have you heard of these people? They live, virtually isolated from the rest of the world, on North Sentinel Island in the Andaman Islands of India. They resist attempts at contact with people from the “outside” world, have no metal-working ability nor have they mastered fire.

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From the late and famous writer and professor, Isaac Asimov:

“Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that ‘my ignorance is just as good as your knowledge.’

If you ask someone on the American right about controlling federal deficits, many will answer, “just cut foreign aid.” When informed that foreign aid represents less than one percent of US federal government spending, many of these people will reply, “That’s a lie. It’s like 25 percent. You must be a part of the conspiracy.”

Ask someone on the American left about the same topic and they’ll just tell you to tax the rich because, “80 percent of America’s wealthy inherited their wealth.” When you tell them that 80% of American millionaires are first-generation millionaires, many of these people will reply, “That’s a lie. You must be wealthy.”

Ignorance is NOT bliss.

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OK, what car is this?

From carbuzz.com…the only hint is that it is a concept car.

Monday Musings

Little doubt exists that the Chinese government is enabling its steel and aluminum companies to sell at prices low enough to suppress the market. The debate is the remedy.

The trade deficit amount has NOTHING to do with the amount of the national debt. The national debt is, basically, the accumulation of federal government deficits and surpluses as measured by outstanding government debt. A trade deficit is when the value of a country’s imports exceeds that of its exports. Having a trade deficit is a drag on a country’s GDP, but does not directly have anything to do with government deficits. It is disappointing to read and to hear how many people think the two issues are directly related. An uninformed public is a dangerous thing. Ignorance is NOT bliss.

Enough on policy…I am still hoping to read about what cars you drive. Here is a car I used to own:

This is the 2007 Corvette I used to have. I bought it new to “replace” the 2002 model that I had purchased used in 2004. I had a thriving business then as a player personnel/baseball operations consultant to multiple major league teams and the Vette was not a financial stretch, by any means. Although I have a nice car now and my wonderful wife has a great Corvette that I can drive if I want, I still miss this car. I sold it in a panic when I lost my business in 2010 and thought I needed to raise cash.