Force Majuere! Its here! Very high level info | |
Anonymous Coward User ID: 75879582 United States 03/05/2020 10:43 AM Report Abusive Post Report Copyright Violation | |
Tree of Life User ID: 44650791 Canada 03/05/2020 10:43 AM Report Abusive Post Report Copyright Violation | This could be a soft crash... making smaller ripples world-wide as financials between US and China vaporize. China will deny us any more credit, and abandon the $. American entrepreneurs who can see the slow-motion action here, know what to do. Gear UP! Massive gear up! This gives Trump an opportunity to aid and showcase start-ups in the USA. Globalism presents too much of a National Security issue to ignore it any longer. Made In The USA MITU (Me Too!!) "All you may know of heaven or hell is within your own self." - Edgar Cayce |
Anonymous Coward User ID: 75879582 United States 03/05/2020 10:45 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76258609 United States 03/05/2020 10:50 AM Report Abusive Post Report Copyright Violation | Folks get familiar with this term. You will be hearing alot about this term!!!! It is not good. Quoting: Oxi moran Spoke to a high level auto exec las night. They supply magnetic parts from China to major auto manufacturers. Supply is running out. He used the word Force Majeure! [link to www.contractstandards.com (secure)] "Force Majeure. A party shall not be liable for any failure of or delay in the performance of this agreement for the period that such failure or delay is beyond the reasonable control of a party, materially affects the performance of any of its obligations under this agreement, and could not reasonably have been foreseen or provided against, but will not be excused for failure or delay resulting from only general economic conditions or other general market effects." Auto maker says "look, you HAVE TO supply us the parts... work a 3rd shift, open a new line, whatever... we have a legally binding CONTRACT" Parts maker "I don't know what to tell you... we can't make the parts without xyz which only comes from China... only there ain't any because the Chinese all called in sick to work and the cargo boats ain't runnun' no more. Our lawyer says we're off the hook, force majure." |
Anonymous Coward User ID: 78467404 United States 03/05/2020 10:56 AM Report Abusive Post Report Copyright Violation | |
Icebear User ID: 75472325 United States 03/05/2020 10:58 AM Report Abusive Post Report Copyright Violation | Folks get familiar with this term. You will be hearing alot about this term!!!! It is not good. Quoting: Oxi moran Spoke to a high level auto exec las night. They supply magnetic parts from China to major auto manufacturers. Supply is running out. He used the word Force Majeure! You know, this might be what we need to get some of the greentard BULLSHIT out of our vehicles i.e. keep the unleaded gas, the smaller cars, the CDI ignition, radial ply tires, power brakes and steering and a couple of other useful things but otherwise get vehicles back to around 1960. Ever notice that the small cars of 1950 - 1965 or so were a thousand pounds LIGHTER than our present small cars?? [link to images2.bonhams.com (secure)] Last Edited by Icebear on 03/05/2020 11:01 AM 'If the wankers do not now come to their senses and clean up their stupid act, they may anticipate a rain of ruin from the sky, the like of which has never been seen on this Earth,,,' |
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*Ozone Baby* User ID: 77676054 Canada 03/05/2020 11:49 AM Report Abusive Post Report Copyright Violation | So OP, just to be clear, you’re saying that a supplier of parts to the US auto industry can’t get those parts because they are made in China and as a result, the auto manufacturers will invoke force majuer clause to break the contract? If so, wouldn’t said supplier and/or auto manufacturer have to seek another markets to procure the parts in question? Sounds like there were no business continuity plans in place. Quoting: cfbuck13 This. Force Majeure simply means having to take contingency plans because contract fulfillment is not possible due to unforeseeable circumstances. This could be a good thing for American manufacturing. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Resident Led Zeppelin Expert (ask me anything!) Traveler of both time and space Fuck Trudeau. mRNA-Free and Proud. "The essence of the independent mind lies not in what it thinks, but in how it thinks.' ~ Chris Hitchens |
Anonymous Coward User ID: 76258093 United States 03/05/2020 11:55 AM Report Abusive Post Report Copyright Violation | |
MissCleo User ID: 77082640 United States 03/05/2020 11:55 AM Report Abusive Post Report Copyright Violation | Ok so Force Majuere will kill China, deado, and then US start ups will boom. But what about getting car parts in the meantime? Does this mean Detroit makes a come back? Last Edited by Agent 99 on 03/05/2020 11:56 AM |
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Anonymous Coward User ID: 78569317 United States 03/05/2020 12:02 PM Report Abusive Post Report Copyright Violation | So OP, just to be clear, you’re saying that a supplier of parts to the US auto industry can’t get those parts because they are made in China and as a result, the auto manufacturers will invoke force majuer clause to break the contract? If so, wouldn’t said supplier and/or auto manufacturer have to seek another markets to procure the parts in question? Sounds like there were no business continuity plans in place. Quoting: cfbuck13 I say, good!!! American companies should never have put their sole reliability in China. Plenty of good foundries and steel capabilities to be had elsewhere. Light up what manufacturing capabilities we still have while starting the ball rolling for the build-out of new factories in the USA. This takes time of course, so in the years interim, take that business out of China and I would rather see the business placed to a nearby neighbor like Mexico, which has a lot of capability in this area, while we ramp the build out of our own. |
La Listener User ID: 77554547 United States 03/05/2020 12:02 PM Report Abusive Post Report Copyright Violation | Folks get familiar with this term. You will be hearing alot about this term!!!! It is not good. Quoting: Oxi moran Spoke to a high level auto exec las night. They supply magnetic parts from China to major auto manufacturers. Supply is running out. He used the word Force Majeure! Yes , the Chinese have already claimed as imed this to default on pre existing orders . Not a new term , but new to these modern folks that have a limited vocabulary and use the word fuck. Please speak in words of the group, Phuck Majuere! Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen. ~Winston Churchill It takes two to speak the truth - one to speak and another to hear (listen).~Thoreau |
Judethz User ID: 75895360 United Kingdom 03/05/2020 12:07 PM Report Abusive Post Report Copyright Violation | |
Eggcellently Deplorable Re-Instate Smith-Mundt! User ID: 78409448 United States 03/05/2020 12:10 PM Report Abusive Post Report Copyright Violation | Well, unless HE can help them get out of a contract! Just waiting for the day when some lawyer figures out how to subpoena The Lord! "I have come to the conclusion that all news should be treated like 9/11, assume it is a psyop with actors participating in a staged event complete with props, until proven otherwise, in which case assume whatever is being recorded, reported, televised, is distortions/lying by omission/outright lies, until proven otherwise." - Anonymous, 4-13-12 |
Hitokiri User ID: 78348982 United States 03/05/2020 12:13 PM Report Abusive Post Report Copyright Violation | |
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IseeThr0ughBS User ID: 76141543 United States 03/05/2020 12:18 PM Report Abusive Post Report Copyright Violation | Interesting. Quoting: Billy Ringo If/when India gets hit a LOT of Cloud/SaaS computer hosting operations and tech support will be suspended or halted which would cripple a lot of companies using those services. Better hope their disaster recovery and support safeguards are in effective or the shit is really going to hit the fan. If it was going to hit India it already would have by now. It’s too open of a country to hide the virus. There would be videos of funeral pyres and bodies floating down the Ganges etc but there haven’t been. FOOLIO |
darth User ID: 28178764 United States 03/05/2020 12:31 PM Report Abusive Post Report Copyright Violation | time to change the global supply chain so it works.. time to bring jobs home. Quoting: Rosicrucian1 78569787 I own a small manufacturing company and have been thinking of how we can adjust to continue production despite the pandemic. At my company I have mandated that all wear masks, gloves, and eye protection at all times. Plus, no employee can work within 6 feet of another employee to prevent airborne spread. We keep all the exhaust fans running at all times. Disinfect door knobs, light switches, etc. often using bleach solution. Toilets are disinfected after each use. Employees eat lunch outside in their cars or sitting outside. Bring lunches from home and do not purchase from restaurants. Sterilize all incoming paperwork such as Purchase Orders and shipping docs by baking. Just occurred to me to forbid wearing street shoes in the office. |
Lester User ID: 58915073 United States 03/05/2020 12:33 PM Report Abusive Post Report Copyright Violation | Covid-19 is evidently going to be the economic and social reset catalyst. It ain't an Act Of God, because its genome proves it was bio-engineered; but TPTB will just agree to overlook this, afterall, it was their baby... So what happens now? Virtually ALL insurance contracts for life benefits, disability benefits, accidental death, derivatives, and other performances that cannot be performed due to the virus or virus effects become non-enforceable. So, physician who was paying $800 per month for their $15k per month individual disability policy which indemnified them if they could not perform their medical specialty is just outaluck... Trial lawyer unable to work because of courtroom shutdown is again outaluck. NONE of these highflying income producers are operating independent of bank financing. Their practice groups are all financing the ups/downs of normal, irregular cash-flow to optimize income for operations and to pay salaries. Many of these groups have shareholder pledged collateral. Bankers may windup with the collateral within 60-90 days if finance note payments lag. How many expensive suburb homes are pledged to banks? Lots... How many practice groups were too busy making money to pressure bankers after their initial startup years to remove individual collateral terms from their financing agreements? Most... Consider that many practice groups hire cheap help to administer their businesses. Doctors especially. Force Majeur will not only affect inter-corporate contracts of businesses, but likely a great number of all but the longest established and biggest professional groups. Top engineering, legal, medical and accounting firms might be positioned to avoid having their financing called; but THE COVID-19's Purpose Is To Be A Culling Agent... And Force Majeur gives free-reign to call in loans and deny benefit payments that so many relied upon... Top Insurers like Guardian, NML, Mass Mut, Unum insured so many physicians and other top-level professionals. Perhaps insureds denied benes under Force Majeur will receive return of their premiums, but doubtful that any will receive full benefits without some kind of Govt Bailout. How many insurers will survive financially and how will state rehabilitation for problem firms work if all firms are impacted severely. If you don't got an income, how do you continue your premium payments? If your firm is offline for so many months, does your banker continue loaning you money even if your facing huge client and income losses? Probably Not! We're facing an Economic Collapse situation. Force Majeur is simply going to allow much fewer lawsuits to clog the courts for the next 20yrs in its aftermath. This is how you get your reset... Or how THEY Agreed to make it work... You Know Who the They are... It's a Big Club, and you're not in it... |
hankie Everything User ID: 77753356 United States 03/05/2020 12:38 PM Report Abusive Post Report Copyright Violation | Do you remember NAFTA and then GAT or whatever the one Bush hand congress passed, sold us all out to China, everything comes from China, our medicine and other thing today? This is what Trump was talking about, being at the mercy of China! They can learn to make it, and yes you can get things elsewhere it just that China has had a lock on this trade mostly. All our manufacturers nearly all went to Mexico first then to some other place then to China! Most of the clothes the shoes etc were made by slave labor after the Chinese who were here begging them not to do business with them because they would use slave labor which they did. Their idea was they would become just as these other countries were, no because the military communist controls the country. Who knows maybe something will make them suddenly kind to their people, as my dad always said, mights (mites) grows on trees. You never say never though. If it doesn't work, and things fall maybe they will change. They had a war and communist fought the Japanese and their Empire was gone after the war, communist came in and their life was not better, the common people of China's life was not better. So, now the US needs to do somethings again for ourselves, it been set up before and can be reset up. Clinton should be bull whipped for starting this mess, and yes he push the democrat congress who really were leery of the trade deal, he said they could revisit it it didn't happen because they lost the next election and the new ones forgot the problems. I blame everyone that did not change it right away, we lost the jobs that put the made it so lower middle income could save and send their children to college these same children were told to learn computer coding, then that was taken with the Visa entries too, just as they are still doing to other works, they had to train their replacement, in other words, it was cheaper to either send the jobs overseas or bring workers who worked cheap here. These had to be trained. You have to know, sooner or later this has to come about, we won't have a country, we sure have enemies in our country who are communist themselves. Sorry I got a headache These are the times that tries men's and women's souls! May we come though it victorious! |
Mayor of Simpleton User ID: 77024451 United States 03/05/2020 12:39 PM Report Abusive Post Report Copyright Violation | |
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MissCleo User ID: 77082640 United States 03/05/2020 12:48 PM Report Abusive Post Report Copyright Violation | Covid-19 is evidently going to be the economic and social reset catalyst. Quoting: Lester 58915073 It ain't an Act Of God, because its genome proves it was bio-engineered; but TPTB will just agree to overlook this, afterall, it was their baby... So what happens now? Virtually ALL insurance contracts for life benefits, disability benefits, accidental death, derivatives, and other performances that cannot be performed due to the virus or virus effects become non-enforceable. So, physician who was paying $800 per month for their $15k per month individual disability policy which indemnified them if they could not perform their medical specialty is just outaluck... Trial lawyer unable to work because of courtroom shutdown is again outaluck. NONE of these highflying income producers are operating independent of bank financing. Their practice groups are all financing the ups/downs of normal, irregular cash-flow to optimize income for operations and to pay salaries. Many of these groups have shareholder pledged collateral. Bankers may windup with the collateral within 60-90 days if finance note payments lag. How many expensive suburb homes are pledged to banks? Lots... How many practice groups were too busy making money to pressure bankers after their initial startup years to remove individual collateral terms from their financing agreements? Most... Consider that many practice groups hire cheap help to administer their businesses. Doctors especially. Force Majeur will not only affect inter-corporate contracts of businesses, but likely a great number of all but the longest established and biggest professional groups. Top engineering, legal, medical and accounting firms might be positioned to avoid having their financing called; but THE COVID-19's Purpose Is To Be A Culling Agent... And Force Majeur gives free-reign to call in loans and deny benefit payments that so many relied upon... Top Insurers like Guardian, NML, Mass Mut, Unum insured so many physicians and other top-level professionals. Perhaps insureds denied benes under Force Majeur will receive return of their premiums, but doubtful that any will receive full benefits without some kind of Govt Bailout. How many insurers will survive financially and how will state rehabilitation for problem firms work if all firms are impacted severely. If you don't got an income, how do you continue your premium payments? If your firm is offline for so many months, does your banker continue loaning you money even if your facing huge client and income losses? Probably Not! We're facing an Economic Collapse situation. Force Majeur is simply going to allow much fewer lawsuits to clog the courts for the next 20yrs in its aftermath. This is how you get your reset... Or how THEY Agreed to make it work... You Know Who the They are... It's a Big Club, and you're not in it... unless China names the terrorist element. |
Lester User ID: 58915073 United States 03/05/2020 12:52 PM Report Abusive Post Report Copyright Violation | time to change the global supply chain so it works.. time to bring jobs home. Quoting: Rosicrucian1 78569787 I own a small manufacturing company and have been thinking of how we can adjust to continue production despite the pandemic. At my company I have mandated that all wear masks, gloves, and eye protection at all times. Plus, no employee can work within 6 feet of another employee to prevent airborne spread. We keep all the exhaust fans running at all times. Disinfect door knobs, light switches, etc. often using bleach solution. Toilets are disinfected after each use. Employees eat lunch outside in their cars or sitting outside. Bring lunches from home and do not purchase from restaurants. Sterilize all incoming paperwork such as Purchase Orders and shipping docs by baking. Just occurred to me to forbid wearing street shoes in the office. You're only thinking on level 1. Got sufficient inventory of materials on hand, and money in the bank free of any loan contracts or financing agreements? It ain't so much your ability to continue functioning as it is the parties you rely on. Even if you got plenty money... Will you still have operating funds if bank calls your loans? Think they won't call your loan? While they can get their money back, they will for sure come after it... Got personal assets pledged as collateral? If you can't pay your payoff in full; adios to those assets. Order out of chaos... Your chaos, their order. How about your account receivables? Got much outstanding? Figure you're gonna get paid? Might take years. How much Retained Earnings you got invested in stocks or bonds, or even real estate? Where else could you put money to earn more than .5% growth per annum? How're those valuations looking at the moment, and can you rideout the market swings we're seeing, much less a longterm adjustment lower? Sure... You HAD Money in the markets, just didn't seize it in time... How long can you make payroll? If you spend your cash on payroll but have no product demand or capability to deliver product, how you gonna keep generating income? If your bank has closures, got access to funds somewhere else? You do realize that your funds on deposit are your banks assets and your claim on them is lowest on the bankruptcy creditor totempole... What's yours turns out to be theirs, and that's why this whole thing is happening... |
oniongrass User ID: 78455425 United States 03/05/2020 12:55 PM Report Abusive Post Report Copyright Violation | Folks get familiar with this term. You will be hearing alot about this term!!!! It is not good. Quoting: Oxi moran Spoke to a high level auto exec las night. They supply magnetic parts from China to major auto manufacturers. Supply is running out. He used the word Force Majeure! Sure, it's obvious that FM would be invoked in a situation like this. When due to forces of nature it's impossible to fulfill the contract, then the party is not obligated. It's not good or bad, but it is obvious that this is the sort of situation where the FM provisions of a contract could be exercised. . DON'T VAX, PROPHYLAX! ____________ There is no anger in Me: If one offers Me thorns and thistles, I will march to battle against him, And set all of them on fire. But if he holds fast to My refuge, He makes Me his friend; He makes Me his friend. (Isaiah 27:4-5) |
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oniongrass User ID: 78455425 United States 03/05/2020 12:56 PM Report Abusive Post Report Copyright Violation | time to change the global supply chain so it works.. time to bring jobs home. Quoting: Rosicrucian1 78569787 I own a small manufacturing company and have been thinking of how we can adjust to continue production despite the pandemic. At my company I have mandated that all wear masks, gloves, and eye protection at all times. Plus, no employee can work within 6 feet of another employee to prevent airborne spread. We keep all the exhaust fans running at all times. Disinfect door knobs, light switches, etc. often using bleach solution. Toilets are disinfected after each use. Employees eat lunch outside in their cars or sitting outside. Bring lunches from home and do not purchase from restaurants. Sterilize all incoming paperwork such as Purchase Orders and shipping docs by baking. Just occurred to me to forbid wearing street shoes in the office. You're only thinking on level 1. Got sufficient inventory of materials on hand, and money in the bank free of any loan contracts or financing agreements? It ain't so much your ability to continue functioning as it is the parties you rely on. Even if you got plenty money... Will you still have operating funds if bank calls your loans? Think they won't call your loan? While they can get their money back, they will for sure come after it... Got personal assets pledged as collateral? If you can't pay your payoff in full; adios to those assets. Order out of chaos... Your chaos, their order. How about your account receivables? Got much outstanding? Figure you're gonna get paid? Might take years. How much Retained Earnings you got invested in stocks or bonds, or even real estate? Where else could you put money to earn more than .5% growth per annum? How're those valuations looking at the moment, and can you rideout the market swings we're seeing, much less a longterm adjustment lower? Sure... You HAD Money in the markets, just didn't seize it in time... How long can you make payroll? If you spend your cash on payroll but have no product demand or capability to deliver product, how you gonna keep generating income? If your bank has closures, got access to funds somewhere else? You do realize that your funds on deposit are your banks assets and your claim on them is lowest on the bankruptcy creditor totempole... What's yours turns out to be theirs, and that's why this whole thing is happening... You're saying it's bad to be a debtor but also bad to be a creditor. From a financial point of view, at least one of those statements is probably wrong. Someone loses, someone wins, relative to the position of someone who neither owes nor is owed. . DON'T VAX, PROPHYLAX! ____________ There is no anger in Me: If one offers Me thorns and thistles, I will march to battle against him, And set all of them on fire. But if he holds fast to My refuge, He makes Me his friend; He makes Me his friend. (Isaiah 27:4-5) |