jaxson50
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Posts posted by jaxson50
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I bought a Blues Jr. Years ago, kept it for three days and returned it to GC. Didn't like the tone, it was heavy, and sounded rather muddy to my ears. The volume control went from whisper to too damn loud by the time you turned it to three,
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**** Dale is looking down and smiling right now,
Really ? I can't postvtge first name of D I C K Dale?
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Thanks to each and every veteran, we owe so much to you all.
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Paying nearly a grand for a Chinese made guitar ain't in my future. For that much scratch I can buy an American or Japanese made guitar.
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Here is the entire film , petty good stuff, some korny stuff too, but you know, it was 1968
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Watch John Lennon freak out at The Rolling Stones’ first live performance of Sympathy For The Devil
This was the last time Brian Jones played with the Stones
Here is the back story
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He was the best Bond, and from all reports a true gentlemen.
In 64 when Goldfinger was released my older brother bought me a *****galore Flying Circus tee shirt. It had the same logo as the one painted on the airplanes in the movie, I got sent ho,e from high school for wearingit to school.
I wish I still had it. The value has gone up a bit
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12 hours ago, ghost_of_fl said:
Also it says they want to terminate the pension funds (going forward), not drain existing assets.
I know one of the United pilot's that lost his pension they were given pennies on the dollar for what they had been earning for years, in his case, 20 years, it was part of the employment package and the air lines bean counters weaseled their way out of it, it went all the way to the supreme court and the pilot's lost. Makes you wonder if anything is safe, (well we know the politicians and the federal employees will get their pensions)
Getting back to GC, how many other companies will this affect? The suppliers and don't they own Musicians Friend?
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2 hours ago, Larsongs said:
Although Companies & Corporations have been known to dip into those Pension funds. In some cases leaving the Pension fund empty.
Most Pension funds are part of a Company, LLC, Corp. or some type of Entity while an IRA can be held by an Individual with no ties to a Company, LLC or Corp.
Big difference....
Then explain this, in 2004 United Air Lines went through bankruptcy and all It's pilot's lost their retirement pensions
United pilots stand to lose big bucks
https://www.marketwatch.com/story/united-pilots-lose-big-if-airline-nixes-pension-plans
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Same here, all we had was small shops tga t were doing ok till GC came to town, some folded, but most stay in business by concentrating on other markets like band instruments, orchestra instruments some have music academies with recital facilities while others deal primarily in vintage stuff.
One of the best purely guitar stores in our downtown area just folded , and the owner was a friend of mine, it was hard to see what he we t through because before GC came around he was the go to place for Gibson and Martin and Taylor, and as such, he received a lot of support from those makers in the form of clinics put on by big name endorsers, and that is a big deal. It brings buyer from miles away. In order to be a good level dealer for big name brand's like Gibson, Martin and Taylor and Fender you have to purchase a lot of stuff. He was on the hook for 100k per year in products from Gibson alone. When GC opened it sucked the buyers away and left him bankrupt.
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This is an example of how the employees get hosed in these deals
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8 hours ago, 'Scales said:
You guys in the US don't pay capital gains tax on your home do you?
When you sell your home ( the last time we did was 20 years ago, I don't know if the law has changed) capital gains , the difference between what you paid for it and the amount it sells for, is taxed but you have ( I think) six months to use that money to purchase another home and avoid paying . Of course you will be buy I g another home that will cost more than your previous one did.
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1 hour ago, jaxson50 said:
The government didn't loan money to GM, the government bought GM. Then sold it at a gain. As a side note. The government did something no other buyer could do. They forgave debt held by GM.
1. If a private entity did this they would pay capital gains tax. The government is exempt from paying taxes.
2, The government doesn't have money, it takes money away from its citizens.
BTW I wasn't in favor of stimulus going to "big business "
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7 hours ago, 'Scales said:
The retained American citizen workers at GM and Chrysler and their families, and the those of their mass of supplier companies, dealers etc benefitted no?
If that is the concern why did we allow AMC and Hudson, and Cord to go under?
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5 hours ago, gdecant1 said:
We are about 180 degrees apart Jaxson! I see the stimulus money to big corporations as an outright bailout as it will not be repaid. On the other hand the GM loans were just that, loans. In exchange for the the loans we received equity in the company. Just like a loan on a house or a bankruptcy at GC. The bank owns it until they get their money back.
Repaid to whom? It was repaid to the entity that loaned it to them, us! Should we have loaned it to them? Debatable yes. I personally thought it was the right move at the time. My outrage was more focused on the greedy rich bastards trying to get richer that created the whole mess in the first place!
When the bank loans YOUR money in a savings account to a struggling company do you expect a cut of the 15% interest they charge or equity in the company, other than the 0.8% they give you?
The government didn't loan money to GM, the government bought GM. Then sold it at gain.
1. If a private entity did this they would pay capital gains tax. The government is exempt from paying taxes.
2, The government doesn't have money, it takes money away from its citizens.
BTW I wasn't in favor of stimulus going to "big business "
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43 minutes ago, badbluesplayer said:
Want to fret about a real ripoff? Capital Gains tax rates. If people understood how they work everybody would have a heart attack and we'd all die and then the rich guys wouldn't have any customers left.
I agree 100%!
After we pay income tax on our earnings what we do with our money is our own business and of no concern ofbthe government!
The basic principle of capitalism is to acquire capital, we should not be punished for pursuing that goal.
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10 hours ago, gdecant1 said:
A few big banks with their creative financing caused the housing and stock market crisis and people stopped buying cars. This in turn caused GM to tank, not the CEO. Did the taxpayers get a personal dividend check deposited in their accounts? No. I believe all monies borrowed were paid back though.
How is this any different than today? Big corporations begging for taxpayer money during a pandemic crisis. For some reason it's ok now?
Billionaires and big banks new what was coming in 2008 because they created it. Was it a coincidence Bush suggested we invest SSI money in the stock market just before the crash?
There is a difference between covid19 stimulus checks and out right bail outs.
But I want to address one of your points directly, because it shows just how the US taxpayer has become numb to getting ripped off.
You said, paraphrasing here, the while no citizen received a dividend from the GM bail out the money was repaid.
Repaid to whom? It was our money!, Yours and mine and every other tax payers. We saw the same thing with the Chrysler bail out, Lee Iacocca paid back the 2 billion in two years. But it was still our money, taken from our pockets, placed into his hands by a middleman, the GOVERNMENT, who was then repaid and KEPT IT.
We was scammed! And like most Americans you believe you got a good deal because Chrysler is still around. Even though it has been bought and sold twice since then and we still haven't seen any pay back for our contribution to the entire transaction.
Don't even get me started on bankruptcy and the ripoff that is to the taxpayer.
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2 hours ago, ghost_of_fl said:
I don't think it works that way. IRAs and 401Ks are just investment accounts. They are not tied to the company other than the company being able to deposit funds into the account.
Every IRA and 401k I've been a part of over the years required that I choose where to invest those funds. Plenty of non publically traded companies offer investment accounts.
Mg point is, the people who run the business into the ground with poor management always walk away with pockets full of cash, while the employees get the kicked to the curb.
Look at GM, when the CEO tanked that company they received a huge cash buyout, the US taxpayer was forced by the Obama administration to buy the company, when the company started to turn around did a single tax payer get a dividend yield from the investment we were forced into?
Nope.
GC has been facing financial crisis for the past 6 years , so what happened? Banks gave them more credit. I believe the CEO should have been kicked to the curb when his mismanagement was first exposed. No golden parachute, just go sign up for unemployment benefits like the rest of us peons are forced to do. Fire his ads, get someone in there to turn it around 6 years ago. If you fail you don't deserve a cash reward.
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The original Charlie Christian pickup was made with two large cobalt magnets wrapped with 38 gauge wire. The magnets had a tendency to loose magnetism, and they weighed a lot!
They got that distinctive sound because of the combination of the wire and magnets. Newer editions are made with more modern materials but can replicate the sound petty well without the noise the originals were known for. Lollar makes a good copy and makes a model for hollow bodies and well as for solid bodies,
https://www.lollarguitars.com/lollar-charlie-christian-pickups
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If history teaches us anything it is this,
The CEO will get a ungodly sum of money for mis managing the business, all the employees will get screwed out of any IRAs or 401Ks they may have and the tax payer will be left holding the bag
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He lives in his parents basement and has been known to spike the coffee with copious amounts of of acid
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1 hour ago, jdgm said:
R.I.P. Quite a guy by all accounts.
(Psst - Jax - Guy Clark wrote "Desperadoes...")
I stand corrected, J J was the first to record it
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You may not know him by name, but you have heard his songs many times, if you are a fan of Jason Isbell Desperatos Waiting for a Train, that was J J. Or his most well known song, Mr. Bojangales.
J.J. was 78. A truce story teller, God's peace..
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Here us an interesting interview about how he met the Winwood brothers,
Jason Isbell and Amanda tell county music to stick it
in The Gibson Lounge
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I think he did it for the right reasons, CM has lost its grit, the new stuff has rap in it for the love of God!
What would Bob Wills say?