Car Apocalypse

[flywise]

What do you think?
[ame="https://www.youtube.com/watch?v=DwNeU1M7gbo"]The Car Market Is About To Get Very Bloody - YouTube[/ame]

[hooligan]

I hope so, sold my car a couple months ago when dealers were still giving way more than it was worth and have just been waiting for things to come down to get a new one. Not paying $90k on a tahoe when sticker is $64k

[Bassdeer]

Guess we will find out in 5 months, still waiting on the diesel and DEF shortage.

[60 Deluxe]

I've been saying for years that companies only build things to generate those easy payment plans that set up cash flow for the company. As for the car problem, yep, it is going to happen. It will also happen to a smaller degree in the farm equipment market. Our government doesn't help when they attempt to forgive debt, which is really a cost shift much like Obamacare is just a cost shift. Cash is king. Stay away from the car dealership and jewelry store and build you pile of cash. Buy stuff only when it is a bargain.

[Geezy Rider]

Very plausible. He compared this to the 2008 housing debacle when people, who couldn’t afford their homes to begin with, started getting foreclosed on. I took advantage of that and now live in a house that I was able to purchase for half its value. Both corporations and government are great at taking advantage of those who don’t understand simple finances.

[Death from Above]

I think it will be worse than anyone imagines…too many in the govt tit

Republicans and their democrat partners in crime will bankrupt the nation fiscally and morally inside of 8 years.

Kill the dollar and tank the morals has always been the plan.

[retrieverman]

Interesting

[flywise]

I think it will be worse than anyone imagines…too many in the govt tit

Republicans and their democrat partners in crime will bankrupt the nation fiscally and morally inside of 8 years.

Kill the dollar and tank the morals has always been the plan.

Its like they are doing it on purpose ( and i absolutely believe it is on purpose)

[WItoTX]

I hope so. I want another Hellcat. Ideally a Redeye this time.

[Hoggslayer]

I'm not taking financial advice from a guy that heard it from Lucky Lopez. I do think he's right though.

[Bucknaked]

Will it work on Tractors too? J/k, I don’t wish Ill will on anyone !

[CEO]

I didn't realize repo's weren't happening.

[Landrover]

One persons loss is simply another persons gain! Money/wealth/assets never go away they just change hands. Be ready to capitalize if it is in your purview.

[RiverRat1]

Its like they are doing it on purpose ( and i absolutely believe it is on purpose)

You mean printing another 1,700,000,000,000 dollars may not be a great idea? How are they supposed to figure out it's a bad idea?

[kerrbow]

Our whole credit/monetary system is one giant Ponzi scheme in action. IMHO the entire thing will collapse in the future and I believe things will get ugly. We now live in a credit based world. The 2008 fiasco will be just a hiccup compared to this new one. Just prepare yourself as best you can.