The Coming Car Market Crash Will Wipe Out Millions Of Americans & Affect Everyone! - Epic Economist
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Here goes some news most Americans have been waiting for: The cost of cars and trucks in the United States is finally dropping, and new research shows the downward trend has been quite significant on vehicle prices already. Experts at InvestorPlace.com are warning that the latest developments are, in fact, proof that the auto market crash has begun, especially considering how fast these changes are occurring.
In this environment of higher interest rates, and rising inventory levels, Blue Book values have been consistently declining, with analysts projecting a reversal in the market happening this spring, and alerting that prices are on their way to find a bottom.
We’re officially in a buyer’s market, they say. Dealer incentives are up 102% year-over-year, according to fresh data. We’re now being told that the long-awaited crash is going to give Americans much better changes of finding an affordable vehicle in 2024, and also that the conditions which helped to fuel the auto price bubble and overall inflation for nearly three years are no longer in place, setting in motion the much-needed correction everyone has been expecting for.
Cox Automotive reports that the recent price declines are due to a vastly expanded number of vehicles on dealer lots after years of severe shortages. With more cars and trucks available, the pressures that had sent prices surging are disappearing at last.
At the start of April, American dealers had almost 3 million new cars, trucks, and SUVs on their lots. For comparison, one year ago, that supply was standing at just 1.7 million. This is one of the reasons why many analysts and dealers say 2024 will be the most affordable year of the past five in which to buy a new car or truck.
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Whistler Blowers, Insiders
When the establishment is telling you purported good news, buyer beware.
The Great Taking (video on YouTube, interviews about it, too) mentioned a dealer having cars on the lot, borrowing from a bank using the car on the lot as collateral, selling the car before paying the loan, defaulting on the loan and the car is an asset of the defaulted loan. The car doesn’t belong to the buyer; it belongs to the banker, even though the buyer paid for the car not knowing it’s collateral for a loan the buyer doesn’t know about.
Buyer beware should be a motto these days.
Same for gold and silver. Have a sample checked it it didn’t come from the U. S. Mint.
You/Me/We/US NEED to challenge the presumption that the real property is the collateral. According to the Federal Reserve Act (Please look up for yourself) the Note/BOE/Trade Acceptance/Bankers’ Acceptance are the “security and collateral” for the advancement of Federal Reserve Notes. Nothing else is stated in this act of congress and has NEVER been overturned. The new deal stated the creation of this “new” money would be on par value for the FRN’s and that the said governmental obligations would be backed by the full faith and credit of the nation. The National Emergency Banking Act of March 9, 1933 and Joint Resolution of June 5, 1933 are ALL acts of congress that support this. Do your own research and WE will all come to the realization WE are ALL banks and have the right to issue private credit instruments.
Car repair is cheaper than a new car
Car repair is cheaper on a Buick La Saber or Gran Prix or G6 Pontiac