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Grand Theft Auto-Japanes Style

Mike Biras

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This is a startling title to the reader, but it accurately explains the actions of the Japanese, more particularly Nissan Motor Corp with support of the policy of the Japanese government, which has been practicing "Grand Theft" on the United States government, the American automobile industry--and the citizens of the United States for a long time.

This is about an "auto heist" with the Japanese government collusion with its weakened "yen" checks and the home office of Nissan Motor Corp located in California and now located in Tennessee and its part in violating American automobile law.  The Nissan company knowingly committed the fraud of not providing legitimate documentation on the ownership of over 50 cars which were sold to American citizens, financed by banks and documentation provided to the U.S. government by totally ignoring American law in the sale of these fraudulently titled cars.

    Nissan was originally caught in the mid-90's retitling over 50 cars, rolling back the odometers to show they had not been driven distances committing so many frauds that you need "all the fingers of two hands" to count the frauds that was labeled in a letter by the Nissan attorney on Nissan letterhead as " a standard practice at the time."  It is and never has been standard practice to ignore American transportation laws and get away with it, but the Nissan attorney treated it in a casual manner as "so what if it is standard practice?"

The answer to this casual Nissan attitude and policy is the investigator on the Nissan case filed the information with the proper state and federal authorities and also turned over the evidence so the American "holding the bag: on the cars and the American citizens who were also defrauded in buying the cars can see all the "before and after" titles (Manufacturer's Statement of Origin, MSO's) and every bit of evidence including the RICO case and case number which was filed with the Justice Department.  The case will always be there and the investigator's report has been revisited several times and still stands as evidence.

The investigator called this Nissan title altering case the "most egregious case in 40 years and stated "no American company had ever engaged in such an activity.  Other American auto executives have reacted in shock when they learned of Nissan's fraud.

What follows is an explanation of what Nissan should have done.  The automobile title must show the chain of ownership of the car, the odometer must have the correct mileage on it (no clocking back the odometer to make the cars more attractive for sale).  In the paperwork for the car, the numbers on the title must match the VIN numbers.  Everything must be accurate because selling the car is a securities transaction.

Imagine in this large country with today one quarter billion vehicles registered for the roads, what would happen if the paper work did not match up for the vehicle numbers.  What would happen to our economy and businesses if we did not keep accurate records on so many vehicles?     

Remember, a car title is also a property law.  What if the U.S. did not keep accurate property laws?  The U.S. government could not create enough courts fast enough to handle the problem if the U.S. was not strict about obeying the law, but the Nissan lawyer claimed "this is standard" retitling the cars and clocking back the odometers.

Why is this important for the government and the American citizens?  First, Nissan defrauded not only a citizen but anyone who bought one of the cars with fraudulent papers and also any American institution receiving those papers.  Secondly, the company not only willingly broke the law in the mid-90's but Nissan knowingly continued to break the law today because they are not entitled to federal funds nor U.S. federal information for the Japanese car industry from the Commerce Department auto group.

Why would such a definite statement be made?  The answer is, Nissan signed an agreement in the contract for the Nissan Canton, MS plant that the company would "obey and comply with all Federal, State, County and City laws and regulations.  (Whenever signing a contract with the government this would be included.)

Why should American citizens be concerned with this?  One thing, Nissan said it would obey all Federal, State, County and City laws and regulations and in the same contract was given a "hold harmless" on any Federal environmental and hazardous laws.  This is typical of Nissan talking out of both sides of "the corporate mouth at the same time".  How can the Japanese government be sincere in its pushing the Kyoto Treaty on the environment on the U.S. and let it's major auto company off the hook in representing Japan on the environment in a foreign land.

Perhaps Nissan executives believed they could ignore the law because the Japanese government was helping the Japanese auto companies be profitable by the government's "weakened yen" policy.  The companies knew, as did the American auto companies know, that the Japanese car companies would have a difficult time being profitable without the "yen" checks provided the companies by the Japanese government.  The executives of GM, Ford and Chrysler have all appeared before Congress to testify on the "weakened yen" policy and how it affects the American auto industry.

Steve Collins, President of the Automotive Trade Council Inc (ATCP) reported in 2006, "Japan spent over $500 billion purchasing dollars to successfully push down the value of the yen and now is trying to convince the world that its weak yen is a result of free market forces." 

In an article, Chrysler, Ford and GM Chief Economists Call for Action on Misaligned Japanese Yen the Ford Chief Economist Ellen Hughes Cromwick stated, "The artificially weak yen provides a significant advantage to Japanese automakers to the tune of $4,000 to $12,000 per automobile and is the one competitiveness issue that is outside the control of our companies."  Ms. Cromwick stated, "By providing this unearned windfall of Japanese automakers, the artificially weak yen is driving a major export push out of Japan.  In fact, Japan exported more than two million automobiles to the U.S. market, while sales of vehicles produced in their U.S. plants declined."

Americans should realize that Nissan relies on 74% of its worldwide profits coming from the United States according to an article quoting Koji Endo, an analyst at Credit Suisse.  Toyota earns about 60 percent of its profits and Honda 70% from this market.  This fact of relying on the world's largest auto market and the weakened yen checks for profitability for the Japanese companies is not shouted by the Japanese from American "house tops".  It is a well-kept secret!!    

 

This market availability is one reason that Nissan wanted a foreign trade zone for their Canton, MS plant and also a free port for importing and exporting cars with no fees in perpetuity, which the company did get from the government.  All auto parts and cars can go through this port without added fees.  (This robs the American taxpayers making them carry a heavier burden of taxation for what Nissan does not pay under Nissan's contract with the state in normal taxes and fees for a period of 25 to 30 years.  This also includes Nissan's (at one time) 1300 suppliers.

Actually, the weakened yen is not a "competitiveness issue" but is an espionage issue against the American auto industry.  It ranks with deliberate dumping of 5.5 million tons of steel by the Japanese, or the dumping of TV's, and dumping of machine tools.   The dumping of product on American industries by the Japanese government is not competition but a deliberate policy of the government ignoring of both international and national laws.  It is proof because of the broad scale of industries which were dumped on to destroy the commerce of the country, ruin American jobs and reeks of espionage and treasonous activity against a nation.

The actions of the nation in addition to Nissan's breaking our laws should be considered in providing taxpayers money to a Japanese automobile company. Still, Nissan showed up at the Federal American "handout trough" ahead of any American company for its handout.  According to an article "Deal flow picks up ahead of June TALF operation by Tim Zawacki reports that Nissan Motor Co Ltd unit Nissan Motor Acceptance Corp (NMAC, remember is the company who committed with their parent company, Nissan Motor Co which changed the titles in this massive fraud) plans to issue $1 billion in notes backed by retail closed-end leases through Nissan auto Lease Trust 2009-A, according to a prospectus supplement. 

The transaction is structured in four parts: $199 million of class A-1 notes; $280 million of class A-2 notes; $446 million of class A-3 notes; and $75 million of class A-4 notes.  Underwriters of the deal are led by Bank of America Securities LLC, Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. Asset-Backed Securities (TALF) allows the investor to buy the income stream from a bundle of auto loans.

The auto lender uses the proceed to originate new retail loans, without having to wait for retail customers to repay the loans.  In effect, the investors who buy the asset-backed securities collect the income from the auto loans as they are repaid.

Nissan Motor Acceptance participated in the March TALF operation, issuing $1.37 billion worth of notes backed by auto loans through Nissan Auto Receivables 2009-A Owner Trust.  Nissan officials had pledged on a May 12 conference call to continue to "take full advantage" of TALF, and they said they would raise at least an additional $3 billion by way of the program.  That is $3.1 billion the Federal government has given to Nissan through two programs plus the company is planning on working another $3 billion on loans through the Federal Reserve TALF program.

It seems Nissan is always at the "public trough" of the American taxpayers money.  Nissan did the same thing last fall with the announcement of Clean Fuel Funds from the Department of Energy, immediately presenting itself as the first in line to take over $1.6 billion for their clean car now advertised in the headlines of the Financial Times.  Those Clean Fuel funds are to improve Nissan's plant at Smyrna, TN and to develop a battery for the car.

At the same time, Nissan presented itself to the Federal Reserve to receive the first TALF funds of $1.5 billion to help Nissan run its auto business.  Nissan is partnering with Enerl's manufacturing arm, EnerDel, which will work with Nissan to co-fund the development of a new electrolyte liquid for a battery.

Research will be conducted at Argonne National Labs near

Chicago.  Nissan has also partnered with Oak Ridge National labs.  It is availing itself of all Federal facilities in the U.S. that are available to help the company.  This is done for Nissan's new "Leaf" car, which is supposedly environmentally sound.  In addition, Nissan also asked the State of MS to set aside 75% of all HUD funds for the use of the company for two years.

Benefiting Nissan in all these recent ventures is something that was explained by Barron's Magazine in November 1987.  It is how the Japanese cartels are coming into the U.S. to work with Japanese companies.  Barron's article, "Invasion of the Body Shops, Auto-Parts Makers Gear Up for Japanese Challenge, explained about the loss of control of American suppliers to the auto industry.  Barron's stated, "The invasion of the parts makers has begun much as the Invasion of the Body Snatchers did: deceptively, quietly, at least so far as the general public is concerned.

The migration is invisible.  What's going on is complex, so complex that many people don't know what's happening.  It's not like it was with assembly plants, which are highly visible, says Peter Van Hull, director of North American auto consulting activities for Arthur Anderson & Co. 

The article further explained, "Estimates of the number of Japanese parts purveyors that will have outposts in the states by 1990-1992 range as high as 250-400, but such numbers could very well underestimate the scope of the threat."

"We've heard that some of the Japanese banks are over here quietly buying second-and-third-tier suppliers, acting as frontmen for the auto companies, notes Van Hull.  "They're doing so, he said, as part of an effort to recreate the whole interlocking network of automakers, parts suppliers and financial institutions that they have in Japan. 

Barron's explained that the driving force behind the auto parts makers from the Orient was "the fast-growing lineup of Japanese auto and truck assembly plants in North America.  The vehicle manufacturers that have built those plants - Honda, Nissan, Toyota and a growing array of lesser lights - have intimate and long-standing relationships with suppliers back home.  They'd like to continue them in the U.S.A.

The article explained "An example of the Japanese supplier company would go to "a local supplier for a somewhat sophisticated assembly, say a seat, they frequently have a U.S. or Canadian company put it together, mainly with parts imported from Japan, or increasingly from some low wage Asian country in which the Japanese have a manufacturing facility."  The explanation of why this is done this way is it "reduces the local company to an assembler rather than a manufacturer, and keeps the profitable work overseas.

The whole effort of the Japanese auto industry in the U.S. becomes obvious.  Keep as much of the money as possible out of the U.S.  Take the profit out of the U.S. and reduce the market and the impact of the American automobile industry.  The net effect is America loses talent in the industry, including engineers and designers and loses the ability of small businesses to create business because the designers are under Japanese control.

Detroit has suffered from these policies.  Much of our supplier industry has been moved south into a National Defense Corridor controlled by the Japanese and other foreign companies.  In the meantime, American unions have had a "bad rap" over their salaries and have lost jobs which have affected the people cited by the Black Caucus in Congress.  Many of our political leaders are finally catching on to this espionage and are demanding more jobs for Americans and for the constituency for the Black Caucus.  It is important because of the talent the U.S. is losing and the need to provide a channel for future generations of Americans for jobs.

It is important to immediately take a stand for the American auto industry and stop this "grand auto theft" by Nissan and other Japanese companies intruding into our National Security Industry.  We must be a nation to build a strong country for Americans first.  Foreign companies are not American citizens but they are stripping the U.S. of its funds and future.   The choice is yours.  Stop this "grand auto theft" and stand with America. I choose to stand with America now and forever!!!!!!!!

Mike Biras

mbiras64862@mypacks.net