Peter Schiff Dec 10 CNBC Reports - Car Czar - Part 1

Dec 10 - Is the Car Czar going to be bullish for the market?

This time around Peter states that these companies will continue to come back to the government for additional bailouts. Peter also finds the term "Czar" rather interesting when the term actually comes from our dear friends the Russians.

The Auto Industry directly employs less than 250,000 overpaid Americans even though the job losses may be higher the talk of millions of jobs is nothing but scare tactics.

Link for Part 2: http://www.youtube.com/watch?v=xQggvTudSDA

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Category:

News & Politics

Tags:

• Peter
• Schiff
• Car
• Czar
• Bailout
• Bridge
• Loan
• CNBC
• Russia
• America
• Dec

[Jfkennedy62]

Originally, the title Czar (derived from Caesar) meant Emperor in the European medieval sense of the term, that is, a ruler who claims the same rank as a Roman emperor, with the approval of another emperor or a supreme ecclesiastical official (the Pope or the Ecumenical Patriarch).

[trent2429]

You said it, buckle.

Even if $50/barrel was here to stay (it's not), it's still doubled in five years. What happens when oil/food/everything doubles again? And then again? (and probably once more)

We're seeing record increases in the number of homeless families all across the States, and this is while commodities are cheap and interest rates are low.

"What inflation?", asks Luskin.

"The one that Jefferson said would leave us all homeless on the land our fathers conquered", I reply.

[buckle99]

Did Professor Numbnuts say, "What Inflation?"

Does this dickhead understand how hard it is for middle class-lower middle class and poor people out here in the real America??

Arrogant wall-street prick.

[tomrala]

I agree with Peter Schiff, let the companys crash fastest way back. Schiff rocks.