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re: The coming automobile market collapse and what it means
Posted on 7/24/22 at 6:04 pm to keakar
Posted on 7/24/22 at 6:04 pm to keakar
quote:Did anyone ask who got richer off of Solyndra under Obama?
its all part of the plan
they are just like S&L crisis directly caused by government policies, and just like then, congress will spend trillions bailing them out so they can start over with only green electric cars and have no more gas engines.
next they will follow that up with cash for clunkers buying back all remaining used vehicles that need gas and complete the circle
iits the same exact playbook they keep using time and time again and only the name of the excuse used changes
The only difference between Obama & Biden is Biden will take it all the way.
All the way to demolishing an entire coal plant and building Wind turbines that they already know fail.
Regarding the computer chips...
quote:Many geo-political articles have proven that China & Russia benefits from what was left for the Taliban.
In 2010, US military officials and geologists revealed that Afghanistan has huge reserves of minerals. These $1 trillion worth of mineral deposits have now slipped into the Taliban’s hands. Afghanistan is estimated to have the world’s biggest deposits of lithium that could rival those in Bolivia.
$1 Trillion Of Lithium & Other Minerals In Afghanistan:
1-trillion-of-lithium-other-minerals-in-afghanistan/
So Biden wants us poor and a sitting duck; while they go to their armed with the best security mansions
Repeating the same things making others expect different results is evil insanity.
Next up the housing bubble...
This post was edited on 7/24/22 at 6:07 pm
2
Posted on 7/24/22 at 6:14 pm to Cuz413
quote:
Like that's ever stopped the govt from enacting a bad policy before.
Bingo.
Indeed, the bigger the Statist induced disaster, the more the State is empowered. Recommend reading: Crisis and Leviathan, Robert Higgs’ seminal historical study of how Big Government ever expands during crises.
National crises of war and economic depression, often instigated by the failed interventionist policies of the State, invariably see dramatic extensions of Progressive ideologies. At this late stage of the dying Republic, can anyone seriously deny that rank incompetence and the ensuant chaos that follows is not an orchestrated part of the Progressive Agenda?
“The mixed economy that has prevailed in the United States since World War II, a uniquely American form of participatory fascism, has lent itself to a substantial expansion of the scope of governmental authority over economic decision-making in society. Given capitalist color by the form of private property rights, the system has denied the substance of any such rights whenever governmental authorities have found it expedient to do so. No individual economic right whatever, not even the right to life, has been immune from official derogation or disallowance….
….Assuming that our luck holds and our society survives, we do know something — at least abstractly — about the future. We know that other great crises will come. Whether they will be occasioned by foreign wars, economic collapse, or rampant terrorism, no one can predict with assurance. Yet in one form or another, great crises will surely come again, as they have from time to time throughout all human history. When they do, governments almost certainly will gain new powers over economic and social affairs. Everything that I have argued and documented in the preceding chapters points toward this conclusion. For those who cherish individual liberty and a free society, the prospect is deeply disheartening.”
This post was edited on 7/24/22 at 6:15 pm
Posted on 7/24/22 at 6:17 pm to anc
Good. We're about to be needing a new vehicle and it would be great if the vehicle market would crash before then.
Posted on 7/24/22 at 6:17 pm to cajunangelle
quote:
1 Trillion Of Lithium & Other Minerals In Afghanistan:
You nimrods have said over and over that these trillion in natural resources is why we invaded the place in the first place.
So why didn’t the US end up getting any of it during the years we were there?
Posted on 7/24/22 at 6:21 pm to anc
quote:Welp, just like I’ve been saying for the past couple of years. “How the frick are people able to afford these $60,000-$90,000 cars and trucks? And who in their right mind is willing to pay that much for them?”
auto loan delinquencies were pretty much between 2-3%. Today that number has exploded. Its 10% in Texas and 23% in DC. Nationwide, its around 9%.
I guess the answer is that they couldn’t afford them. No sympathy from me driving my 8 year old paid off truck.
Posted on 7/24/22 at 6:21 pm to udtiger
quote:
Personal responsibility? For suckers and rubes.
Sorry, baw, but I’m pretty sure that line of thinking is what got us here.
Posted on 7/24/22 at 6:25 pm to SlowFlowPro
quote:
NO matter how big the crash, this ain't the goal.
Wanna bet? Where are you going to get a car? You buy used repos?
Posted on 7/24/22 at 6:28 pm to Allister Fiend
quote:
They aren’t going to drop in price. It’s kind of like homes.
Wanna bet?
Posted on 7/24/22 at 6:34 pm to cajunangelle
quote:
Many geo-political articles have proven that China & Russia benefits from what was left for the Taliban.
Putting aside the $6.5 trillion total cost of the 20 year occupation of Afghanistan, 2,500 Americans were buried occupying Afghanistan, all to the benefit of our supposed geopolitical rivals. In a just world, heads would be on spikes for this outrage.
This post was edited on 7/24/22 at 6:36 pm
Posted on 7/24/22 at 6:39 pm to notiger1997
Are you really this mind numbingly ignorant? Because Biden/Obama/uniparty are on the take with China and Xi told him he wants Afghanistan...
Or the Russian that was on Hunter's board that tortures and chainsaws people to death will get Hunter. Or Russian/Chinese hookers will oopsy deliver some fentanyl laced crack to Hunter.
What is your logic of why Afghanistan was left as a gold mine of rare minerals & poppy fields? Leaving behind people, military equipment, military planes, helo's?
Or the Russian that was on Hunter's board that tortures and chainsaws people to death will get Hunter. Or Russian/Chinese hookers will oopsy deliver some fentanyl laced crack to Hunter.
What is your logic of why Afghanistan was left as a gold mine of rare minerals & poppy fields? Leaving behind people, military equipment, military planes, helo's?
Posted on 7/24/22 at 6:42 pm to cajunangelle
So you are just going to forgot all the loons spouting their crazy conspiracy theory that 9/11 was an inside job and that it was just used as an excuse for a reason to invade Afghanistan so we could get the natural resources?
I guess you forgot about all of that.
I guess you forgot about all of that.
Posted on 7/24/22 at 7:02 pm to notiger1997
China has already claimed their riches thanks to Biden, Milley & our DoD.
China appears to have been playing the long game because they struck a deal with the Taliban to begin mining one of the richest copper deposits in the world. Afghanistan’s other mineral assets will also be on their shopping list, and the Taliban seem all too happy to oblige.
China appears to have been playing the long game because they struck a deal with the Taliban to begin mining one of the richest copper deposits in the world. Afghanistan’s other mineral assets will also be on their shopping list, and the Taliban seem all too happy to oblige.
quote:So why isn't Biden, Milley, Lloyd, The DoD, Pentagon, being hauled out frog-marched with leg-chains for treason?
(Wall Street Journal) China Pursues Afghanistan’s Mineral Wealth After U.S. Exit
Chinese company is negotiating with Taliban to mine one of world’s largest untapped reserves of copper
China is negotiating with Taliban authorities to start mining at the site, called Mes Aynak, according to Chinese and Taliban officials. Beijing is also in talks to begin work on oil-and-gas reserves in the north of the country, Amu Darya. Both projects were on hold for years because of the war, which ended when the Taliban seized power in August.
Dozens of Chinese mining companies have descended on Kabul in recent weeks seeking contracts for other mines.
U.S. officials say they are concerned that China will fill the vacuum left by the American withdrawal from Afghanistan. Beijing developed a relationship with the Taliban in recent years and kept its Kabul embassy functioning when Western missions fled the Taliban takeover.
Iran, another U.S. rival, is in talks to secure a huge iron ore deposit in the west of the country. Tehran, too, has fostered good ties with the Taliban.
Afghanistan is one of the world’s poorest countries, but its mountainous geology contains huge riches: gold, precious stones, coal, oil and gas, lithium, and rare-earth minerals. China already controls most of the world’s rare-earth minerals, which are used to manufacture a variety of technologies, including components in electric vehicles and smartphone touch screens.
This post was edited on 7/24/22 at 7:06 pm
Posted on 7/24/22 at 7:06 pm to anc
quote:
Americans owe more than $1.2 trillion in auto loans.
I'll just say our government has spent more on dumber, more worthless things...
Posted on 7/24/22 at 7:14 pm to Strannix
quote:
You have millions of fricking idiots living paycheck to paycheck running out and buying 70-100k dollar vehicles. The chickens are coming home to roost.
This is truth, a guy I work with his wife went out without his knowledge and bought a 38k used Challenger, but yet he’s talking about living in a rent house where the AC doesn’t work and the landlord told him if he didn’t like it move, but yet he went out last Friday and put a brand new exhaust system on the car.
Blows my mind how stupid some people are…
Posted on 7/24/22 at 7:16 pm to Strannix
quote:
You have millions of fricking idiots living paycheck to paycheck running out and buying 70-100k dollar vehicles. The chickens are coming home to roost.
Why are you opposed to me financing a tesla on my $9/hr job. It's nunya biz
Posted on 7/24/22 at 7:44 pm to anc
We used to charge the poors 25% interest since they had bad credit. It always cracked me up when they couldn't do the basic math and wonder why still owed so much.
Posted on 7/24/22 at 7:55 pm to anc
quote:
So the banks. are going to be looking for a bailout, and they might get it, even if the GOP takes over after November. Banks are big time lobbyists. Unlike student loans, mortgages and credit cards, there is no federal oversight of auto lending. The deal the banks might end up with would be "We'll bail you out, but we want to regulate auto loans."
Most banks have left the car market to credit unions and non-bank auto finance companies.
Posted on 7/24/22 at 8:17 pm to anc
I guess I’m the only idiot who’s never been inside a finance office at a car dealership. People actually take out huge loans for cars? I just trade in and pay cash w the difference for another used car. Why on earth would you take out a loan on something that decreases in value?
I just trade in and pay cash w the difference for another used car. Why on earth would you take out a loan on something that decreases in value?
Posted on 7/24/22 at 8:27 pm to CHSTigersFan
quote:
This is truth, a guy I work with his wife went out without his knowledge and bought a 38k used Challenger, but yet he’s talking about living in a rent house where the AC doesn’t work and the landlord told him if he didn’t like it move, but yet he went out last Friday and put a brand new exhaust system on the car.
Blows my mind how stupid some people are…
I've always gotten a kick out of the new Duramax's parked in front of a trailer house.
An old trailer house.
Posted on 7/24/22 at 8:28 pm to JLivermore
You probably ended up paying more by paying with cash than yon would financing. Dealers don’t give a shite that you can pay cash these days, they WANT you to finance. Most of the rebates are because someone finances. Used cars they make money on the backend (financing). The trick is to finance at the price you want and pay it off in the first month or two.
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