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U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

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One sector of the economy that is acting as if we were already in the middle of a horrible recession is the auto industry.  We just got sales figures for the month of April, and every single major U.S. auto manufacturer missed their sales projections.  And compared to one year ago, sales were way down across the entire industry.  When you add this latest news to all of the other signals that the U.S. economy is slowly down substantially, a very disturbing picture begins to emerge.  Either the U.S. economy is steamrolling toward a major slowdown, or this is one heck of a head fake.

One analyst that has been waiting for auto sales to start declining is Graham Summers.  According to Summers, the boom in auto sales that we witnessed in previous years was largely fueled by subprime lending, and now that subprime auto loan bubble is starting to burst

Auto-loan generation has gone absolutely vertical since 2009, rising an incredible 56% in seven years. Even more incredibly roughly 1/3 of this ~$450 billion in new loans are subprime AKA garbage.

In the simplest of terms, this is Subprime 2.0… the tip of the $199 TRILLION debt iceberg, just as subprime mortgages were for the Housing Bubble.

I’ve been watching this industry for months now, waiting for the signal that it’s ready to explode.

That signal just hit.

The signal that Summers is referring to is a persistent decline in U.S. auto sales.  It would be easy to dismiss one bad month, but U.S. auto sales have been falling for a number of months now, and the sales figures for April were absolutely dismal.  Just check out how much sales declined in April compared to one year ago for the biggest auto manufacturers

General Motors: -5.8 percent

Ford: -7.1 percent

Fiat Chrysler: -7.0 percent

Toyota: -4.4 percent

Honda: -7.0 percent

For auto manufacturers, those are truly frightening numbers, and nobody is really projecting that they will get better any time soon.

At the same time, unsold vehicles continue to pile up on dealer lots at a staggering pace

Meanwhile, inventory days are still trending higher as OEMs continue to push product on to dealer lots even though sale through to end customers has seemingly stalled.

GM, one of the few OEMs to actually disclose dealer inventories in monthly sales releases, reported that April inventories increased to 100 days (935,758 vehicles) from 98 days at the end of March and just 71 days (681,402 vehicles) in April 2016.

So why is this happening?

Of course there are a lot of factors, but one of the main reasons for this crisis is the fact that U.S. consumers are already drowning in debt and are simply tapped out

Now, a new survey from Northwestern Mutual helps to shed some light on why Americans are completely incapable of saving money.

First, roughly 50% of Americans have debt balances, excluding mortgages mind you, of over $25,000, with the average person owing over $37,000, versus a median personal income of just over $30,000.

Therefore, it’s not difficult to believe, as Northwestern Mutual points out, that 45% of Americans spend up to half of their monthly take home pay on debt service alone.…which, again, excludes mortgage debt.

When you are already up to your eyeballs in debt, it is hard just to make payments on that debt.  So for many American families a new car is simply out of the question.

And it isn’t just the U.S. auto industry that is in trouble.  The credit card industry is also starting to show signs of distress

Synchrony Financial – GE’s spin-off that issues credit cards for Walmart and Amazon – disclosed on Friday that, despite assurances to the contrary just three months ago, net charge-off would rise to at least 5% this year. Its shares plunged 16% and are down 27% year-to-date.

Credit-card specialist Capital One disclosed in its Q1 earnings report last week that provisions for credit losses rose to $2 billion, with net charge-offs jumping 28% year-over-year to $1.5 billion.

If you didn’t understand all of that, what is essentially being said is that credit card companies are starting to have to set aside more money for bad credit card debts.

Previously I have reported that consumer bankruptcies and commercial bankruptcies are both rising at the fastest rate that we have seen since the last recession.  This trend is starting to spook lenders, and so many of them are starting to pull back on various forms of lending.  For example, Bloomberg is reporting that lending by regional U.S. banks was down significantly during the first quarter of 2017…

Total loans at the 15 largest U.S. regional banks declined by about $10 billion to $1.73 trillion in the first quarter, compared with the previous three-month period, the first such drop in four years, according to data compiled by Bloomberg. All but two of those banks missed analysts’ estimates for total loans, as a slump in commercial and industrial lending sapped growth.

This is how a credit crunch begins.  When the flow of credit starts restricting, that slows down economic activity, and in turn that usually results in even more credit defaults.  Of course that just causes lending to get even tighter, and pretty soon you have a spiral that is hard to stop.

Just about everywhere you look, there are early warning signs of a new economic downturn.  And just like we saw prior to the great crash of 2008, those that are wise are getting prepared for what is coming ahead of time.  Unfortunately, most people usually end up getting blindsided by economic downturns because they believe the mainstream media when they insist that everything is going to be just fine.

Thankfully, there are at least a few people that are telling the truth, and one of them is Marc Faber.  Just a few days ago, he told CNBC that the U.S. economy is “terminally ill”…

“Dr. Doom” Marc Faber says the U.S. economy is “terminally ill,” and the current outlook doesn’t seem to be improving.

“The U.S. has run a deficit for [so long],” he said Tuesday on CNBC’s “Futures Now.” “The conditions today are more fragile than they were ever before, and unless somebody comes and introduces minus 5 percent interest rates, I think the economy is really not in such a great shape.”

“I’m actually amazed that people are so optimistic,” the editor and publisher of the “Gloom, Boom & Doom Report” added.

I have to agree with Faber on this point.

We are more primed for a major economic downturn and a horrifying stock market crash than we were back in 2008.

It isn’t going to take much to push us over the edge, and with our world becoming more unstable with each passing month, it appears that our day of reckoning is likely to come sooner rather than later.

  • Cinderella Man

    You have to pay the bill…

  • Carl

    One 2002 truck payed for sitting in my garage (and I paid it off in 1.5 years). Have kept it maintained and looking good. Even the mechanic commented about what good shape it was in compared to trucks/cars that are newer and tore up because people just don’t take care of them.

    I haven’t shopped for a car since 2002 and was in sticker shock when I checked out the prices for new today just to see.

    My truck new today would be roughly 4 times the cost I paid for the same brand new truck in 2002.

    Even if I won the lottery I would keep this truck because it seems that the new cars are just being made more cheaply. I see cars on the side of the road that look practically new on occasion broke down on the highway – it is crazy.

    • Evan Elliott

      I still drive a 1998 Camry XLE. We took good care of it, paint and interior still look good. I will hold onto it until I cant anymore. We had a 1992 LE V6 that we bought brand new and just let go due to a catastrophic power steering failure that I was quoted $1,900 to fix (Rack and pinion, bad pump, damaged lines.) If you drive conservatively and take care of issues when they happen, a car can last a long time.

      A lot about this auto crisis speaks to our own wastefulness. How many cars do I see in the junkyard that probably could have been repaired? a good chunk are beyond help, but I have seen a lot of cars at pick n pull with less then 90k on the clock. We throw away so many cars every year in this country. And even more wasteful is 100 days supply just languishing on a lot somewhere.

      • Liberty First

        It is called freedom, living within your means, that is. A beautiful thing. Peace of mind, at least as much as is possible in today’s world.

    • William Lutz

      Cars have become too modernized.


        Then ride your bicycle Pee Wee Herman.

        • Liberty First

          You are very special, you know that….

      • Carl

        The issue with that being it costs an arm and a leg to fix because most cannot change out the computers, etc when they fail.

    • JC Teecher

      I was beginning to wonder where my favorite atheist had went to. btw, got that garage door fixed?

      • Carl

        I am a deist not an atheist – though I am leaning in that direction the more I learn about history, people and just the general purpose it seems for our existence.

        Watched a great show on PBS last night called Victorian Slumhouse. Very sobering to see the hand to mouth living that was the day in and day out reality for many – compared to what is considered hand to mouth living in modern society.

        They actually had seating with a rope in front of it and people would pay for a spot to sleep sitting down. The rope was there to keep them from falling on the floor and they showed pictures of people slumped over the rope – fast asleep.

        If not for the primal portion of our triune brains I do not believe the population would have survived and increased under such terrible living conditions.

        Garage door status is unchanged but I did manage to dig out a holly tree stump last weekend.

        It took about 7 hours and the thing surprisingly weighed about 100 pounds.

        • Richard O. Mann


        • SnodtBlossom

          Atheists have more fun.. and without guilt

    • Liberty First

      I love driving relatively inexpensive used cars…got a great Ford Escape for 8K not long ago, and crack up when I see people who may make as much as I do driving 50K trucks and sports cards. Cannot IMAGINE owing that much money on transportation. Insane, insane, insane, insane.

      • Tom Lowe

        $2k is my top price for any car. It gets you from Point A to Point B, while falling apart the whole time.

        • Liberty First

          Well, mine does not fall apart. But yeah, you get idea – being a slave to debt or appearances is a pathetic way to live.

    • SnodtBlossom

      I have a 2006 ..aaaanndd… it’s Japanese!..nyah nyah

      • Carl

        So is mine!

      • Richard O. Mann

        Japan has made really good cars for years. Even though they have had some recalls as of late, those made in China parts will get ya every time, they are still a good ride. Hang on to that 06. What make and model if I may ask?

      • Toyota, Honda, Hyundai and Kia are all turning it similar numbers.

    • Cars are the truest durable goods. Their only real natural enemies are other cars and neglect.

      • Tom Lowe

        Cars start to fall apart as soon as you turn the ignition key. They vibrate, they hit bumps, things get loose.

        Semis fling gravel and crack the windshield.

        Hoses blow in high, high heat.

        All of the plastic is constantly exuding aromatic petrochemical molecules until it is bone dry and crumbles like a potato chip.

        And then there is rust, sun and rain. In most places, one cannot avoid rust. It may take 50 years to develop, but it will develop unless it is in a climate controlled garage.

        One natural enemy you overlooked is the auto mechanic. Mr. Goodwrench squeezing your nuts for unneeded extra repairs or sabotaging your car.

        You must live in a vacuum.

        Happy motoring!

        I save stamps. They will last many hundreds of years after the last motor vehicle is long gone.

        Stamps consume nothing. And storage is cheap. No pollution or fatal wrecks either.

    • Tom Lowe

      I walk. Got rid of both my trucks four years ago. Good riddance. Now I can smell a car running from a block away. You people who drive smoke far more than any smokers do!

  • Mr.Cipher

    ” U.S. consumers are already drowning in debt and are simply tapped out”

    Nonsense. A gas tax increase is on the way. There must be a little more the Government can squeeze out of the non-consumers.

    • William Lutz

      You sir, are mistaken.

  • James

    I’ll keep my truck until it won’t run no more, and parts are available. No reason to buy a new vehicle for that new car smell.

    • Liberty First

      Amen to that. Take the extra money and save it, travel, and prep for whatever is coming.

    • Richard O. Mann

      You can buy a air freshener for that new car smell.

  • PocoPete

    The auto industry is not as big a part of the economy as it used to be. So even if the auto industry should take a downturn the overall economy will still be ok. Analysts have been predicting a crash for years now and it has not happened.

    • jox

      The social crash is happening before your eyes. Stock market crash won happen while the FED is pumping new money into it.

      • Jerry C

        You sir are correct. I had to login just to up vote your comment.

        • socalbeachdude

          False as jox is dead wrong.

      • socalbeachdude

        The Federal Reserve does not buy or own a single stock and is prohibited from buying stocks in the Federal Reserve Act.


    Car selling days are Monday through Saturday.

    April 2016 had 26 selling days.
    April 2017 had 25 selling days.
    That in itself is 3.64% less selling days in April for this year.

    Also Easter was in March in 2016.
    Easter was in April this year 2017. Bad for care sales

    This article compares sales this year to last year which holds the record of highest car sales ever.


    • Liberty First

      Do you know how very special you are? You do know that, don’t you?



    • Carl

      It is like comparing apples to oranges when you look at it that way. And it certainly does not make for as exciting of a headline.

      Why don’t they just stick to the same day for Easter like Christmas and the other holidays?

    • jox

      Good point. We need to keep an eye on those figures, to see if it becomes a trend or not.


        Life is like a sine wave with both ups and downs.

        Where you put your focus determines your outlook.

        • jox

          I don’t agree. This is not about life but car sales. The ups and downs don’t depend on our focus.


            Focus on what I said, not what you think I said.

            Now read again a little slower and this time focus, think, absorb, think some more …, hows that?

          • jox

            First you made a valid point. Now you’ve said a stupid thing. Think about it and absorb.


            I have thought about what you said but because it lacks content or value there is nothing to absorb.

            Would you would like to try again and give it another shot.

    • Zenithon

      Excellent points, but you should try not to let the facts get in the way next time.


        Good thing for the blog’s author is, most of his followers won’t let the facts “get in the way”.

    • chris

      I refer you to an important part of the article…

      ‘The signal that Summers is referring to is a persistent decline in U.S. auto sales. It would be easy to dismiss one bad month, but U.S. auto sales have been falling for a number of months now, ‘

      I think that should help you see clearer.


        chris, my comment on April car sales was in reference to an equally important part of the article which said …”Just check out how much sales declined in April compared to one year ago”

  • greanfinisher

    I think that we’ll have far more to be concerned about than the plunge in auto sales during the next couple of weeks, and specifically the deteriorating situation in Korea.

    • Liberty First

      Hard to say what is going to happen, I call it 50-50….if we do get into it with them, people have NO IDEA how widespread the fallout will be, economic and otherwise….and for the poor people of S Korea, and slaves in N Korea, it will be catastrophic.

    • Gold bullion

      Don’t worry Trump can only bark.. nothing else

  • demand has left the building

    soaring across the board price increases,crippling economy,not just costs but the virtual across the board collapse in demand,8 years of negative private sector growth and demand sets a new all time record,beating the great depression,kudos

  • JC Teecher

    Debt is only a fraction of the decline in “new” automobile sales. The Auto industry has plenty of cheap credit available, for those willing to take the plunge. And I do mean plunge. Unless a person is single, and has a six figure salary, the average new vehicle cost is ridiculously expensive.
    To someone in that position, a new car payment is like making another utility payment. The trouble is, single people in that category / social status, is dwindling fast.

    The auto makers have priced themselves into a corner. The union auto workers have dollared the consumer to death. In a thriving economy, the big ticket prices for new autos is not that noticeable by the middle and upper middle classes that purchase them on a regular basis. But the whole dynamic has changed with the lack of high paying jobs, and the unions and Auto industry execs/management, won’t budge on taking a lesser salary and benefits.

    Greed is the culprit that will be the demise of the New Car industry. When the pro union workers are sitting in the unemployment lines, they will have plenty of time to think about how well those $50.00 per hour (including benefits), jobs worked out for them. Especially those that could not see a day in the future when folks just say, “you know what, my family having food on the table, a decent roof over their heads, and a decent vacation a couple times as year, is more important than that new car smell”.

    • Liberty First

      You will laugh but I would not be at all surprised in our fascist, dictatorial crony economy the govt. somehow declares all used cars to be unsafe for sale and hence forces us to by new cars so the big pig auto companies can force us to buy from them. No kidding…some lobbyist, somewhere, is paying off a congresshooker.

      • bbarnicle

        The gov. (hand in hand with car unions) makes it illegal to drive a car with dents, putty, rust, or old engines. Safety isn’t the real issue.

    • socalbeachdude

      A lot of the high cost of new vehicles comes from extremely excessive GOVERNMENT REGULATIONS that cover nearly every aspect of vehicles these days.

    • bbarnicle

      I see the housing market in the same way. Houses are built to regulation so perfectly, they’re out of reach for the average twenty and thirty-somethings. Newly married couples starting families, paying off school loans, forced to pay $700/month health insurance premiums, find it hard to buy $300,000 houses.

      The market should be building entry-level, simple, affordable houses. There are plenty of buyers. Now, why aren’t they? Same with cars minus all the bells and whistles. Over-regulation is part of the problem, but I think the agenda of peasantizing the middle-class is the main reason. It’s not a stretch to see how the end-game of creating a debt-burdened, renter-class is in-line with the globalists’ desire to dissolve the family and make an endless resource of dependant workers.

      • buffalo lips

        bbarnicle, I think you’re spot on. As a market technician and being older than dirt (lots of miles behind me), my market studies suggest a likely retracement of real estate valuation by as much as 50% over the next several years. If correct, add that to the economic F5 tornado we find ourselves in with autos, credit cards, student load debt and bankrupt states – on a national scale. Strap in.

        • bbarnicle

          I had relatives that built their own houses back before the ’70’s….minimum permits required, not every corner was perfectly squared. My brothers filled in car dents with putty and repainted them.

        • rentslave

          That’s not good enough.I want a re-run of the 1930’s.

  • Richard

    What are ‘OEMs’?

    • socalbeachdude

      OEMs = Original Equipment Manufacturers.

    • Tom Lowe

      Ever heard of Google?

      • Richard

        Why the sarcastic question? All I asked is what OEMs were.

  • Gerald Gaskins

    My old truck (1999) is just about on its last legs, and I have been checking out prices, not just new, but vehicles a couple of years old. I have a decent income, but there is no way I can afford a newer car. I’m going to have to bite the bullet and put some money into the old truck. I’m sure there are a whole lot of people in the same boat. Newer cars are just too expensive, and the depreciation will eat you up if you ever have to sell it. It’s a no win situation for the car companies and the consumer.

    • Richard O. Mann

      Hey, they have parts for that 99 for just about every thing on the truck. If you are handy at mechanical work, you can keep that bad boy running for years to come. Even if you are not, it may still be a better investment than buying new right now.

      • Gerald Gaskins

        Richard O. Mann, thank you for replying to my post. I am lucky to have a friend who is a mechanic, and he charges me about half of what a regular shop would. I’ve been incredibly lucky; I’ve put a hundred thousand miles on my old truck with ZERO repair costs (excluding wear items, of course). The transmission is getting kind of iffy, so I expect I”ll have to replace it pretty soon. That’s still cheaper than having to buy a newer vehicle, though. The engine is still in really good shape, so I’m going to try for at least 200,000 miles after I have the transmission changed out. Unfortunately, I’m too old and stove up to do it myself. Used to, though, when vehicles weren’t so danged complicated and I was in pretty good shape.

        • Richard O. Mann

          Same here. Use to enjoy playing around and doing my own work on my vehicle. Now, don’t even care to change the oil. Don’t like having to lay down on my back to get under the thing. Age has a tendency to change you mind about things. Hang in there with that truck.

          • Gerald Gaskins

            Thanks. I still change the oil; the truck is high enough that I can slide under it pretty easily. My son has told me stories about the fast oil change places that are continually stripping the threads on drain plugs, or forgetting to put oil back in the engine. I personally knew of one gal who took her car to one of those places…she got about five miles down the road before the engine seized up. She got a new engine out of it. At least I know if I do the job, it will be done right. I’m very careful when I do anything to the truck; I need it to last for who knows how long.

  • socalbeachdude


    Jared Kushner is in business with George Soros, Peter Thiel and Goldman Sachs and has personally guaranteed vast borrowing from European banks – but never declared his financial secrets

    Jared Kushner didn’t report that he is the part-owner of a real estate start-up that counts Goldman Sachs clients and billionaires Peter Thiel and George Soros among its investors.

  • socalbeachdude

    BMW Rolls-Royce Motor Cars are setting record high sales in the US this year with overall sales up about 60% from where they were last year and there is a spectacular choice of models now available with prices starting as low as $300,000 for an entry level Ghost.

    Rolls-Royce Motor Cars Home


      must suck to be a pool boy in that neighborhood especially across the street from the Kardashian’s

      • socalbeachdude

        Where do you come up with such utter nonsense?

        • SnodtBlossom

          Germany exported him for having inferior genes.

          • socalbeachdude

            Is Lizzie a him? Perhaps Liz just stands for LIZARD!

    • Richard O. Mann

      The top 1 percent are still spending that money on expensive toys.

      • JC Teecher

        The top 1 % own jets and private helicopters. They hardly ever buy, unless it is something exclusive or classic restored, because they lease for the write offs.
        Even then, the top 1% that are still working, usually are in the bigger cities and they have limos and drivers, which is another big write off.

    • Tom Lowe

      “Bespoke” means FAKE.

  • socalbeachdude

    USA Auto Sales, March 2017

    Total vehicle sales rose at a seasonally adjusted annual rate of 16.63 million, according to Autodata. That was short of the forecast for 17.30 million, according to Bloomberg.

  • socalbeachdude

    Auto Sales – Markets Data Center – WSJ

    • William Prestwood

      Very helpful link. Thanks for sharing.

      • socalbeachdude

        You are quite welcome, William!

  • Bob

    Did you see that Dish has had declining sales for cable and satellite? Apparently, many people have cancelled their services probably because of unemployment or part time employment. Customers can not afford the $100 month bill!

    • JC Teecher

      Streaming devices is one reason, especially now with the larger screens. Anywhere you have wifi, you can get almost all channels shown on cable, or the rerun recordings, if subscribed.
      Another reason, I believe; is that the mindset of watching TV has changed. It seems that more and more people just don’t really care about all the faux news, or the completely ludicrous reality shows like bachelor & bachelorette, Big Brother, Honey Boo Boo and her now hot slimmed down, (but still ugly) momma. All crap and a waste of time.
      Spending 40 hours or more each week glued to faceplant,instagram, twitter…etc. and not to mention the untold hours of blabbing about nothing on the cellular, has taken priority over sitting in front of a screen, watching mostly usesless crap that warps the minds of the weak. Not to mention that the average cable/dish bill is about $80.00 bucks a month.

    • socalbeachdude

      Or simply do not consider that $100 per month bill of enough value to continue to maintain those services.

  • df NJ

    Time for the Fed to start dropping helicopter money.

    • socalbeachdude

      The Federal Reserve NEVER “gives” any money to anyone and is a WHOLESALE CENTRAL BANK that rarely even loans any money to member banks.

  • Bob

    I have a 2007
    And driving it is pure heaven
    Dents and dings
    and all those things
    Will never matter ever

  • Zlatko Milanovic

    Time to buy a car! Maybe a new Nissan Armada…

  • dlewenz

    The economic ROI on a new car is the worst investment you can make. I drive a 2012 Chevy Eco Cruze, 89,000 miles just changed the shocks and struts with a new set of high performance tires, rides just like it is new. The real value is still 1-2 years out when the lease values fall even lower. You can buy a Acura TXL four door loaded with 28,000 miles for $19,000 vs. the sticker of $36,899.


      You will never regret investing in a “set of high performance tires” especially when you take the Chevy Eco Cruze to the track or in a winding mountain road especially noticeable in straightaway acceleration around the 2G mark.

      • socalbeachdude

        What a piece of detritus from Detroit US.

  • littlebit43

    60 K for a new pickup like I bought in 08 for 28,000. It has been a long time but 60,000 is more than I paid for 4 houses combined. Even 7 years financing the payment would break the bank. I am no longer a buyer for new even if I would like to have one, I am priced out of the market.

  • tacoma

    During the go-go decade of 2000-2010, I watched the economy and society at-large living in splendid exquisite lifestyle. The fuel is Credit Score, the higher the better. Somehow entire American society of 300 million believe Credit Score is key to success. But of course the higher the score the more money you can borrow. The choices of loans are almost infinite. Money did grow on trees.

    Then a funny thing happened.

    Well, the actual funny thing only happened to those who provided the loan. Why didn’t 300 million people figure that?

    • socalbeachdude

      In order to have a high credit score, the person must pay their bills on time, and those who don’t pay their bills on time have low credit scores.

  • “V”

    Synchrony bank issues credit cards for just about every niche out there.
    Car Care – credit card for repairs and gas etc.
    Care One – Credit card for medical / dental needs, you can even pay for a veterinarian to treat your pet.
    Synchrony targets a “Need” and issues to anyone with a pulse. The idea is people can only spend on those specific items / needs.
    When I say “needs” I am referring to an emergency medical procedure, a broken tooth etc.
    This article is spot on, and it is only getting worse, anyone see Trumps tax plan?

    • socalbeachdude

      Synchrony Bank is the re-incarnation of GE Capital lending and is mostly a private brand credit card company which issues credit cards for Amazon, etc.

  • JC Teecher

    Don’t worry about the Auto Industry collapsing. If it can just hang on another decade or so, then ole slew foot, the great impostor will come flying in with clouds, looking so regal and Holy.
    Peacefully and prosperously just like was promised. Looking just like the Lamb slain, but with a voice like the dragon. Why?

    Because he is the the spurious messiah, known by the Christians as Antichrist. Known by muzzies as their mahdi, and everything every other religion and cult has been waiting on to clean up the mess the politicians and liberals have gotten us in to.

    When he immediately comes out the gate with his message of “flying everyone from the earth, just before ole Satan arrives”; the pre-tibbers will be first to jump on his program, and turning in the names of all those that don’t want any part of his lies. thinking they are doing the right thing, family members will turn against family member by turning over their names, for the purpose of the messiah converting them…wrong. Because it is the wrong messiah. This is the sixth trump, and the true Messiah doesn’t come until the seventh…the last.

    Now; to my point. this fake messiah will cause all debts to be paid in full, and on top of that a new freezer full of chickens, so there will be a chick in every pot and best of all……wait for it…….a new GM or Ford, or whatever make you like, in your garage.
    The ultimate bail out for the Auto Mfgs., as they will have a new World gov check for each and every delivery.

    This my friends may not be exactly, to the T, as to how it unfolds, but it will be so so similar, because the Good Book says, “the whole world will whore after him”.

    • socalbeachdude

      The auto industry is certainly NEVER going to “collapse” at all and current sales are over 16.3 million units a year which is right around a record high for US vehicle sales.

    • James Staten

      You are biblically ignorant in many areas

      • JC Teecher

        jimmy boy, the gig is up, that you are just another cultist liberal spouting your lies, as personal attacks, because you don’t have a clue about biblical facts.
        What little you do know, or claim to know, comes from reading establishment religion books, because you have no clue about how to rightly divide the Word for yourself.
        You are not fooling anyone here with more of your insults.

        You are just diggin that ole dark hole deeper and deeper. I would stop diggin if i were you, cause sooner than later the sides start crumbling in on ya.

        Now back to block for you.

      • socalbeachdude

        Most of the world’s population couldn’t give the slightest bit of a hoot about the Christian Bible and only 23% of the world’s 7.5+ billion people have any interest at all in that religion.

    • mtntrek3

      The lawless one will produce many false/deceptive signs and wonders, as to deceive even the elect if that were possible……. and yes many will turn one upon another as the Bible says. Tragically most of the world will follow him. The very definition of sad/tragic.

      • JC Teecher

        God tells no lies, Chris; and you know as I do, when God says the Antichrist/Satan will deceive =
        planaō in the greek that means to, “to be led away into error and sin, seduce”; that he means all the world that are not part of His elect, or those that have not the seal of truth in their foreheads/minds.

        The ole dragon will be so seductive, slick, and deceiving, that he has the majority of the world believing that homosexuality is even acceptable in the Kingdom, and the LGBTQ community will fall all over themselves to worship him. The deceived one world religion system will have consumed the majority of Christians, and they too will accept homosexuality as being approved of by God. That is a bad, bad, and sad, position to take.

        People that have believed that Adam and Eve ate an apple as sin, and that Eve was Adam’s sister, are the same ignorant people that believe the lie of the pre-trib, and that Antichrist will be a Flesh man coming out of the Middle East. The list is long of the deception people are taught. Thank God for the Millennium.

        • mtntrek3

          I agree with most of what you said, but I do believe that the deceiver will be one that is most likely among us now. Yes he will supposedly have all the answers to mankind’s problems and proclaim himself to be god in the near future. He could very well come among the clouds with the help of technology that hasn’t been introduced to the masses yet. Deceptions will be such that mankind has never known and never will again….. along with suffering, etc. Hang on brother….. we’re about to go on one heck of a roller coaster ride. Take care.

          • Tom Lowe

            You sure of all that?

            I smell 2000+ years’ worth of serial BS.

          • mtntrek3

            The message of the cross is foolishness to those that are perishing…. to we who are being saved it is the power of God.

    • James Staten

      JC..please show me in Scripture…when he immediately comes out of the gate with his message of “flying everyone from the earth, just before Satan arrives”? I am waiting.

  • socalbeachdude

    #Carmageddon not yet, but hot air hisses out of auto bubble

  • socalbeachdude

    Jerry Brown totally nixed any “homeless state of emergency” in Los Angeles and there is no such thing.

  • Leif Erickson

    I didn’t see Nissan in the list. Good reason. Good cars and trucks. Reasonably priced. Dependable. Well-built and assembled in America. Survival of the fittist.

  • chriscarlson

    I drive a 13 year old Chevy. Vary few problems…routine maintenance. Nuff said.

  • socalbeachdude
  • SteveF

    I never pay more than $3000 for a car just buy 20 yr old Japanese with most all power options. I especially like the real cheap ones with over 200,000 miles because if the don’t burn oil their still good for another 200,000. They just keep going and going. Beside who wants cars that can remotely be controlled by the cell phone embedded chips in 2003 + cars.

    As far as a collapsed economy, they been saying that for tears. With the super computers, AI programs and complete media a control they can keep it going forever. As far as metals go there is an endless supply that is well hidden or transmuted because no maters what is said about shortages I can always buy it. Period

  • BellsNwhistles

    With crooks like lithia the capitalist are killng the citizens, tricks, gimmicks lies and gang activity has spoiled the marketplace for buyers and sellers. Use R.Ward deal med/or as the example. Never trust lithia!

  • Lower Tones

    I’d buy a new American car, as opposed to the European cars I drive now, if car enthusiasts and engineers had a hand in the production instead of the blood sucking bankers. Maybe then American cars would be worth driving.

  • Tom Lowe

    Throw another log on the fire.

  • Tom Lowe

    You had an 89 Benz for 30 years … but it is only 2017 now.

  • Patrick Trussell

    Thank god we have honest and diligent Jewish bankers managing our government and economy . With a historical and worldly track – record like theirs , I mean , what could go wrong ?

  • Jim

    I work in the auto sales sector. Three and half years ago I was more than ready to go full tilt into sales until I noticed that for several weeks sales were taking a big dip. Therefore I waited. I soon realized we were approving people with poor credit. Viola’ you now have a new car. By the middle of the following year appeared the first report of defaults rising on autos. Now, we are struggling to do ANYTHING to get someone approved
    even if it means going beyond the pull back amount. Just to have the numbers at the end of the month. For three years at least in my awareness the auto/bank industry have colluted to create another false economic stiuation which now is going to hit us hard. Figure in Pueto Rico going bankrupt and 2017 is gearing up for a massive disturbance.


    This is one if the many bad effects we have in our society when good paying jobs/careers are allowed to be outsourced or eliminated. A lot of good hard working folks just have enough money for rent, food, utilities, etc…

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