Peter Schiff-ite predicts auto bubble (economy, Ron Paul)

[adoosh89]

cars arent an investment. talk of a bubble is ridiculous.

[Grambino2012]

Lol, this lady is such an idiot but she thinks she is so smart. Auto bubble? Give me a break

[audrapriscilla]

I bet it is difficult to get to 1st base with her. :(

[BOZ11]

Bless her but a few of her statements are incorrect.

1. Fiat money is backed by the sum of all labour and commodities, not by nothing.

2. You can't eliminate debt because then you would destroy money itself, since more than 97% of the money supply is debt-based, i.e money is created out of thin air and issued as debt (loans/mortgages/credit).

[ohio1998]

@BOZ11 , shhhhh, don't let these schiff retards know that. I still need to sqeeze out a few more dollars on my coin collection that they think they are going to barter for bread for.

[gargamel11]

Car bubble won't happen because cars are bad goods to trade or invest in. As you have noticed cars lose value every month.

[indman101]

Didnt happen...car bubble....but Jacqueline has a great smile...

[wilbertbenjamin]

Really smart lady, Her husband is a lucky guy. Does she drink beer, Then she would be truly perfect

[ArchRascal]

She's very adept at air quotes.

[jdjbarnat]

Why is everyone surprised that a woman is intelligent? 

[delyshBB]

The Fed spills over their profits mostly to the Treasury, so the Fed Gov is making money off wars.

[bjarnet3]

Central Banking is Central Planning.

[greenb1a]

Very good, Jacquue love your opinions

[longtrader782]

interesting



[spol07]

You were so right!

[BlueTunisia]

Hot!

[OilBarron84]

An intelligent woman there. Wish there were more women inclined to think like that. .

[mikez565]

too bad it didnt happen.

[videocruzer]

wow the new filter bots filterchemtrailsnow.

[videocruzer]

what about the population bubble and the years off your life that they are stealing?

how long before people tune into the chemtrailprojects?

people are so distracted by everthing but the big picture.

why would you pay it off? we all need to stop the compliance and just walk away.

wake up to the illusions of the 3D world.

[DirtyVegas7]

What the hell is with the camera drifting off every which way....?

[aviomaster]

-- CCCP was lead by central goverment and their economy was planned in Kremlin .... WHAT happened to them ... 20 years of depression ... 1990's to now ,,, and Russian Federation is still in bad shape ... USA goverment has the same plan for USA.

[AnotherAlexChannel]

the cash for clunkers program was such a "success" that the new program Cash for Appliances is coming soon!

[manofreedom]

MAN!! she needs to run for office!! She makes more sense that any freakin political hack I've heard!! We need people like her to RUN FOR OFFICE !!!

[MrBankRuns]

the Goverement has to keep the Bubble economy going at all costs. It is the only way they stay in charge.

[hexzerg]

I have a hugggeee crush on that lady.

[soundmoneyfan]

i need to move to NH, liberty is alive in that state

[jim16181618]

A car bubble? What a moron

[guitardixon]

Just because it sounds silly doesn't mean it isn't plausible.

[soundmoneyfan]

shes joking rt, the gapping hole in her idea is that, unlike the previous asset bubbles, cars don't go up in value the longer you have them, except the classics. in previous booms the asset prices were rising and individuals felt more wealthy than they were. nobody drives off the lot with a new car thinking that they can flip it for more money in 6 months. dealers maybe able to jack up the prices a little bit but it will not create systemic malinvestment like rising equity values would

[gaguy1967]

it will be a demand bubble. Youre right that cars (except classics) cannot be a traditional bubble. But there can be a demand bubble.

[jim16181618]

Of course its not plausible... you can't drive an asset bubble with depreciating assets and tight credit... the rebate is temporary plus remember it's not $4500 on top of trade in - its trade in or up to $4500, and the owner has to have had the car for 1 year

[gaguy1967]

no she is basically right. Germany which started cash for clunkers before we did is worried that ending the program will result in a recession in 2010 as auto demand falls. Cash for Clunkers doesnt create new demand, it just moves demand from the future to today.

[jim16181618]

Sure you'll get a pop in sales and taking the program away will be tough for the govt, but what kind of bubble are you talking about? She seems to be suggesting the bubble will have people pulling equity out of their cars... that's just stupid.

[koloss999]

Why is the camera man pointing around when somebody is trying to talk with them?

[Taors]

Ditto. I know Dave probably didn't give it much of a conscious thought, but it's kind of a rude thing to do.

There's a time and a place to pan your surroundings. During an interview isn't one of them.

[pshinspections]

It's called editing in the camera, so one camera can cover more than just one talking head without interrupting the information.

[golfprobro4eagles]

No buddy has mentioned this that I know of but this is a big rip off of our money for the insurance company's. If you buy a new car you have to have full coverage. That is a huge dept burden on the buyer. The insurance company's are part of this scam.

[fergus247]

Ive been conditioned to all kinds of food poisons up through my childhood. I got a mild form of ADHD. How does one expect people like me to keep focused on what is being said when the camera starts pointing in all kinds od directions. Also i wonder what the interviewed must have been thinking.

[Stabu]

She is right, but based a wrong analysis.

[philais]

Well, the unintended consequences of this whole thing is the crash in the value of used cars. Who is going to absorb the $1,000,000,000 progam? Anyone with a vehicle. The American people get screwed once again. The value of your vehicle asset just crashed. Don't believe me? try selling it now that Ford is offering a $4500 discount on top of the governments $4500 deal.

[jamezbond78]

actually it's more than just cars, it's going to become the cap-and-trade/global warming hoax bubble.

[tj5555555]

now that she has lost her job, she's found a new sound money religion. she's just like anyone else. she will support ANY system that supports her. The key requirement of any government that wants to remain in control is, they must keep the good will of a majority of workers, managers, and political leaders. Discontent that leads to rebellion (or) revolution happens when a larger minority of "the Folks" loose thier place of advantage. That is what is happening now. maybe, tj

[tofucake]

this was funny as hell. So disrespectful to wander off when she is talking to you.

[stratvic]

She should advertise her dealership with you Dave.

[Lyndehouse]

Imagine if every pretty American woman had this kind of economic insight.

[JesseKantstopolis]

Get your face in touch with my fist.

[Takeittogo1]

Great Video! The government wants you get rid of your old car with a rebate check. Where will the credit come from to buy these new cars? (Bailed out Banks?) We would go further into debt and if you can't pay your loan, then they will take your car away! You will then wish for that old clunker back again! By the way, Volkswagen TDI's get 50 Miles to the gallon (No Batteries) and can be converted to bio diesel. The V W Rabbit was one of these cars in the 80's.

[TheOriginalJoeBloggs]

Why were you panning around when the woman was talk to you - did you get bored :D??? Im not sure how I would have thought if you were interviewing me and your camera was on the surroundings :D

[BagOfEyebrows]

I love this woman! :) GREAT interview, Dave! She gave solid, sound information and advice - the FSP is empowered by having a woman of her intelligence and compassion as a part of it - five stars and favorited!

[HHODork]

She was great. I would buy a car from her no prob. She has a great head on her shoulders.

[libertyfizz]

I am so happy that we don't qualify for the cash for clunkers. Cause my husband would be after me to support him getting a new vehicle. I have tried to explain to him that paying 400 a month is stupid when you can own your vehicle out right an only have to pay for liability ins. The monthly payment and extra costs add up to a whole lot of gas purchasing power vs only a moderate gain in fuel efficiency.

[wdcsucks1]

why cant we just print money and lend it out with interest?!! why are they allowed and we not?!!!

[downlowfunk]

Well grow some marijuana or psilocybin mushrooms. Sell them on a front with interest. There you go home made currency.

[slurppypurr]

camera guy...ADD'd

[AttunedFlux]

lol. i was thinking the same thing. Hes probably already talked to her about it already and she was just recording some thoughts on the topic, but it makes it harder to concentrate on what the person is saying when the camera moves around like that.

[HHODork]

yep, whats up with the random pan to a VW Rabbit.

[rayme4raw]

The government program known as 'Cash for Clunkers' started today. Many dealerships were calling about this today. A person can get $3500 to $4500 Tax Credit for trading in their old not so fuel efficient vehicle for a more fuel efficient vehicle. I don't tell them that they would be better off owning a vehicle outright than financing a vehicle for 3 to 5 years because we don't know where we will be in 2 years. The currency could collapse by then & you won't own your car outright.

[stratvic]

If the currency collapses it is your loan that wont be worth squat. You will be able to pay it off with fewer chunks of gold or less hours of work.

[tj5555555]

to stratvic : a true collapse would be a much bigger problem than anyone really knows. There are so few moral people left in this generation that society along with the dollar would be worthless. Do not think somehow anyone would survive uninjured, even the very, very rich, and the poor would starve, or kill each other off. Think more along the lines of the French Revolution that was rage without religous restraint. Our society requires a religious and moral population to remain viable. tj

[stratvic]

I don't think we rely on religion to be moral and would be better off without it. I agree that the lack of a functioning currency would be extremely disruptive to market cooperation. But don't confuse the value of money with the value of things. Things will still exist as they do now, how we value them for purposes of exchange will change.

[tj5555555]

stravic: Our founding fathers said our form of government requires us to be a moral & religious people to be a workable democratic republic and a free people. Our society is breaking down and when the money glue that holds us together is gone it will be everyone for themselves. Without the "do unto others" or "love your neighbor" or "be your brother's keeper" attitudes that existed in the 1930's to help rebuild after the last Great Depression, it will look like  Mad Max @ Thunderdome. tj

[stratvic]

So you do not believe the Founders advocated the separation of Church and State?

Natural human action will see use through this disaster as it has since we evolved in spite of government. Hobbes was a fool, we are a social beasts and cooperate to maximise our chances of survival and standard of living.

[tj5555555]

stratvic: Jefferson a founding father wrote "..a wall of separation of church and state" in a letter to the Dansbry Baptist organization in order to assure that church that the newly forming FEDERAL government would not IMPOSE a single or dominate state religion upon them. That means that government is not to impose force against ones religion. Most of our founding fathers were profoundly religious. Society without God, results in "dis-order". For the heart of man is naturally selfish & evil.

[stratvic]

It saddens me to hear that your experience of your fellow man is purely selfish and evil. I am pleased to report that that is not my experience.

I think you will find that the founders were also profoundly suspicious and fearful of religion. Justifiably based on history.

Are you saying that any god or religion would comply with your society with god? Their have been thousands of gods invented by humans, are they all better than none in your opinion?

[tj5555555]

stratvic: no need to be saddened by your fabrication of my experiance with my fellow man being PURELY selfish & EVIL. i said "naturally" not "purely" . Part of what is naturally evil in the heart of man would be his attempt to deny that there is a God or that any god will do as well. There are false gods & false religions. The existence of the fraud is not proof against the true God & true religion existence. Society is worse off with more of the fraud and less of the true & suffers for it. tj

[stratvic]

I agree "society is worse off with more of the fraud and less of the true & suffers for it".

If you agree that "There are false gods & false religions." (frauds) and that there are literally thousands of gods to choose from how do you know that yours is the "true God"? The thousands of gods that you discount were thought to be true gods by those who maintained belief in them. What proof do you have that makes your belief the 1/1000+ exception against the 999+ to 1 odds that a god is false?

[tj5555555]

stratvic: you are not far from knowing the truth that will set you free from the fear of sin and death. Simply read, with an open mind to the possibility that you may discover the answer to your question, the small book, the gospel of John in the Holy Bible. Read The Word and The Word will not come back void. The short answer is the same as knowing if you are alive or not. Some say it's all a dream, but how do you know that you actually are alive? You just know when you know. Same answer. tj

[stratvic]

If I interpret your answer correctly you are saying faith ....based on a book written by people hundreds of years after the events it proclaims to represent and rewritten and translated that is full of contradictions and questionable ethics.

Faith will not cut it when that is what got the 999+ other religions believing in their false gods subjecting them to fraud.

Their is evidence I am alive their is no evidence your got is.

[tj5555555]

stratvic: there you go again, ascribing something to me that i did not say. Said nothing about Faith. Besides, your faith has little to nothing to do with it. However, if you choose not to read one small book, that amounts to only about 2 hours of time, perhaps you are not seeking the answer nor the truth you claim to seek. It is appointed to a man once to die, and then the judgment. i'll not judge you, but the truth is that God is more alive then you are. Read The Book & then you'll know. tj

[stratvic]

Read it. Not convinced...sorry. I am looking for evidence not stories. If there is evidence there that I missed perhaps you could reference it. Otherwise by your own standard those stories supporting the 999+ religions you discount will also have to be considered as evidence.

[stratvic]

That is a statement of claim or perhaps a hope it is not evidence.

[tagrr]

Not sure I understand. You mean if we can't afford it we shouldn't buy it? ;)

[netmasta10bt]

Cash for Clunkers is crap. Not many people can take advantage of it. Your car has to average 18mpg. If you bought it in the last 10 years probably paid the 'Gas Guzzler Tax'. You're talking about recent SUV's getting scrapped. SUV's also received a tax credit in the last few years. It's great to get the credit to buy one then to scrap one!

[Hybrid5226]

Back to if you have to borrow to buy it you can not afford it .

[1776Reborn]

Dave was drifting off over the beauty of the land. I liked the beauty and dedication of the lovely woman being interviewed.

[harryogre]

Great advice.

Get out of debt!

Its by far the first step to freedom.