I work for gm and can't even afford to pay for oir vehicles that we produce

When you're starting to have the same discussions that Argentina has... *You should be worried.*

I am glad you mentioned current market cap and possible future market cap of AOC44T . Don’t freak out people, it’s just a freaking bet.

My CPI inflation analogy: If your landlord every year raised your rent 5% a year and then this year only raised it 2%, is your rent going up or down? Of course it’s going higher and up, (that’s why grocery bills arn’t going down, but the growth of that increase has fallen. Don’t let the financial media confuse you by saying inflation has dropped.

@DarkSTKx

9 ай бұрын

It is basically if something was $100 + 5% that year is 105 and 2% this year it is 107.1 not 102 because inflation did not go down just the amount that it went up the next year was lower.

@JaviEngineer

9 ай бұрын

Technically that's a 60% drop in Inflation, from 5 to 2. It's just that people are dumb, anything negative would be deflation.

@chaddy-me-boy8299

9 ай бұрын

@@DarkSTKx absolutely! This is why people don’t feel the grocery store prices coming down like the media says it is.

@U2GuitarTutorials

8 ай бұрын

Correct but the money supply is contracting. Look at M2. And Fed balance sheet slowly declining or flat. So there is no monetary inflation right now. The price increases are from the previous monetary increase. It takes time for money to flow into the system. Fed will eventually need to print more to find massive deficit spending.

@chaddy-me-boy8299

8 ай бұрын

@@U2GuitarTutorials I would agree with what your saying. But that money supply hasn’t dropped more than the QE of 5t starting at Covid. I see it that we need to withdraw all of that 5t to see where we stand as an economy.

Finally thanks for the update! Im trying to hold a million dollars worth of AOC44T . Oddly enough its a sleeper for some weird reason that not many KZreadrs talk about in regards to lnvesting. It has had steady growth since its release.

On AOC44T , youve done an amazing job. How are you going to make all of these films and write all of the text in such a short amount of time? Exceptional work.

You are one of the most sophisticated and brilliant KZreadr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for AOC44T much love from Chicago

@petercini2022

9 ай бұрын

Don't forget Thomas Sowell he ratchets it up another level

I really appreciated this video, as a medium-term AOC44T holder. I know you commented on not many people paying attention to this, but it was very relevant for holders such as myself. After watching your thoughts, I willbuy more. I also remember your earl

AOC44T is definitely moving to the top of my list for assets to accumulate more of….. love your content brother look forward to it everyday 💯

@Vinny.X

9 ай бұрын

Yawn 🥱

Thank you for this video. There are so many uninformed people out there when it comes to AOC44T

This is very misleading UAW wants what they gave up to help companies during the recession in 2008, which was supposed to returned to their members when the companies were out of their financial burden. The UAW gave up COLA ( Cost Of Living Adjustment) and more benefits were voluntarily given up to help the big 3 in the financial time of despair. Yes, if the UAW had their COLA a smaller percent of a wage increase would safice. If the UAW would have had COLA they would be making 10 more per hr. They want what they gave up to help the companies only fair the companies give them back what they sacrificed,

I work at Stellantis. We know inflation is out of control. We've lost so much purchasing power over the decades. Our demands are not unreasonable. We'll settle for MUCH less than we're asking for. Thanks Peter. You are our FREE MARKET SUPERHERO. God Bless

@pootiies7033

9 ай бұрын

standing in solidarity from 588. 👊

@keithbellair9508

8 ай бұрын

The free market and government is what caused this mess… national socialism is the answer… everyone works, everyone gets equal benefits.. all for one and one for all.

@makingmoneywithmj7752

8 ай бұрын

Wtf those are 2 completely inconsistent world views.

These auto workers are going to need a big big raise if they're going to pay for the housing and welfare benefits of all these new illegal migrants.😮

@lot2196

9 ай бұрын

Well. Said. The huge greedy corporations they complain about are all run by woke leftist.

@americanskeptic1559

9 ай бұрын

How immigrants does America need to replace retiring boomers? We're not having enough kids to support the aging population.

@sandikennelly1357

9 ай бұрын

Biden should be ashamed.

@carlitoscabana7197

9 ай бұрын

Illegals cant get welfare. It's only provided to citizens and legal residents.

@keithbellair9508

8 ай бұрын

Not to mention all the domestic welfare parasites and habitual criminals

I just love seeing people get what they voted for then they express buyers remorse.

@TXLionHeart

9 ай бұрын

Yet, they seem to never learn

@daveassanowicz186

9 ай бұрын

You mean lobbyists get what they pay for

@SouthernSinner

9 ай бұрын

46% of UAW members voted for Trump....just saying

@keithbellair9508

8 ай бұрын

Except no one voted for biden

America in trouble

@povarful

9 ай бұрын

Did you just realize it?

@darthvadeth6290

9 ай бұрын

Yea, because of greedy capitalist corporations and the ultra rich who run them

@cd78

9 ай бұрын

@@povarful I am not American

@povarful

9 ай бұрын

@@cd78 I see. I am ! Well , I knew it long time ago

A friend of mine just purchased a Ford F 150 and his payment is 850 bucks a month.......unbelievable..

@divinecomedian2

9 ай бұрын

Probably for 84 months at that 😂

Thanks you for keeping us updated with AOC44T. I feel for our country, low income people are now suffering to survive, inflation and recession increasing daily and many families cant even enhance good cost of living anymore thankful for this AOC44T .

@cathyr2419

9 ай бұрын

Bribenomics..

@JAYTEAM187

7 ай бұрын

This is a scam don't fall for it.

Peter always speaks the Truth gotta love him for it!

@mafp22w

9 ай бұрын

I really loved his correction at the end! They aren’t spending tax dollars…those are long gone…they are printing money to spend.

@rifleman42051

9 ай бұрын

@@mafp22w Precisely there are printing money from the future!!! World WIde Depression World Wide Hyperinflation to roll out CBDCs and wipe out the masses.

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

@user-xp6sc6su9c

9 ай бұрын

Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.

@graywilliams_77.

9 ай бұрын

I encountered ROCH DUNGCA-SCHREIBER through a CNBC interview, and I look her up. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested. You can hunt her up online if you require care supervision.

@user-xp6sc6su9c

9 ай бұрын

Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.

Henry Ford paid his workers enough so they themselves could afford a t model.wages went through the roof for all American's. Perhaps they should start building t models again.

@colinjarvis5935

9 ай бұрын

The US was very productive then

@keithbellair9508

8 ай бұрын

That was back before 1/2 the bums in usa was on welfare.

During the pandemic, they printed so much money that it has not only accelerated inflation but it has also accelerated the economic disparity between the rich and the lower classes. This is not just about inflation, it is about economic disparity and GREED. For the last three or four years, all we’ve heard was a huge sucking sound coming from the top. The prices of cars went up by roughly 40% and the salaries of these corporate fat cats and CEOs in this country went up by the same amount. They sucked up a majority of all of that printed money from the FED and kept it ALL for themselves. I hope the auto workers get whatever they deserve even if the CEOs need to take pay cuts.

@txbulldogboxing1462

9 ай бұрын

1000%. Multi millionaires dont need 40% raises💯

@keithbellair9508

8 ай бұрын

I would quit blaming covid for this.. the spending is for welfare parasites and useless government workers and crooked politicians

*THE LABOR COST TO BUILD A VEHICLE* is only 4 - 5% of the TOTAL cost to build a vehicle. IF Labor costs DOUBLED, that would be 8 - 10%. If the Labor cost went up 50% that would still only be about 6 - 7 1/2% of the total cost to build a vehicle. There is still *93%, or more,* of the cost that is NOT Labor. Meanwhile, the Big3 raised the prices of their vehicles *30%* over the past 4 years, just because. Where is the news coverage on THAT?

@j_sh

9 ай бұрын

Compare Big 3 UAW wages to Big 3 Mexico auto factory wages.. $16 to 30/hr vs $8 to 30 per day, yet vehicles still priced the same.. If labor cost affected vehicle price, then all Mexico made vehicles should be $8-$15k tops.

@1001Hobbies

9 ай бұрын

​@@j_sh - Funny how that is, isn't it?

Can we go back to the 80's? It was a hell of a lot better.

End the Fed

@keithbellair9508

8 ай бұрын

Then you’ll have 50 million rioting welfare parasites

Mary Barra’s salary went from 21 million in 2019 to 29 million in 2022, autoworkers only got 6% in raises in that same time.

Can you blame them for striking. The CEO's are making record salaries and bonuses. All while the regular Joe is barely making ends meet. Its time for workers to get paid more and these top executives need to realize that because they are straight greedy .....

@doctordetroit4339

9 ай бұрын

I can blame them, they vote for open borders and free shit for everyone forever and then complain about inflation.

@brentharrington9235

9 ай бұрын

The executive making more doesn't mean the worker makes less. The biggest expense for just about everyone is TAXES. Ford CEO makes $25,000,000 out of a $28,000,000,000 profit. The majority goes to share holders, A.K.A. your 401k and retirement. Don't hate the player, hate the game.

@pineychristian

9 ай бұрын

@brentharrington9235 it's pure greed. CEO's making a 1000 times more than employees isn't make them worth that much more.

@brentharrington9235

9 ай бұрын

​@@pineychristian tell me you don't understand math without telling me you don't understand math. One man making $25,000,000 is completely, COMPLETELY insignificant when your labor cost stand in the billions of dollars.. 17,000 workers at the 4 year rate of $32/hr cost the company $544,000 an hour, $21,760,000 a week, and $1,131,520,000 a year. That doesn't include healthcare, retirement, insurance, payroll tax etc. etc. etc. If you spread the CEO's salary evenly across the 34,000,000 worked hours of all the employees you would be looking at a $27/week pay increase.

@pineychristian

9 ай бұрын

@brentharrington9235 so all the top executives and CEO's. Everyone up top making a fortune all while everyone in the factories working 37 days or more without a day off. These top executives need to take a pay cut Period! I understand the math and do not care. It cost money for labor. That simple.. they aren't asking for a cheap product to sell .

Shawn Fain (President of UAW) makes $156K a year. Toyota made $51 billion in the last 12 months. The CEO makes $4 million a year. Its all corporate greed.

Blame corporations....not the government....which is the source of all our real issues.

Another reason to move the production line abroad

@mikewhite9358

9 ай бұрын

Not everyone can work in the office bud. Not gonna happen.

how about keeping CEO compensation aligned with worker pay. The CEOs received 25% raises each year since 2020 + $5billion in stock buybacks, increasing the value of the stock they hold

Henry Ford didn't put up with this bulls*it ..

Come next month your new F150 and Silverado will cost $100k each. Stagflation is hitting everyone a triple punch: housing, food, vehicles. Americans will have to decide whether to go hungry, homeless, or drive the old car to the ground before being jobless.

Poor babies, they sure have it hard. They aught to see how we're treated in the auto repair field. We don't have automated machinery to help us tear them down to repair or replace parts and panels. And fight for decent repair hrs and repair pay from the insurance companies...

We just want what we are owed

@colinjarvis5935

9 ай бұрын

32 hour weeks? Lol

I support the strikes. Living wage and minimum wage have diverged so much that we need to re-calibrate wages such that an honest days work is an honest days pay.

Shawn Fain :) Bless this man

Nobody says anything When The Rich Takes advantage Of Everyday AMERICANS 😭😭😭😭😭😭😭😭

@codycast

9 ай бұрын

How does that happen?

@chrisruss9861

9 ай бұрын

@@codycast Big money is self generating with little effort. It sits in wait for other people's hard times.

@codycast

9 ай бұрын

@@chrisruss9861 not sure what that has to do with his statement or my question.

since 1979 real wages in US grew 15% for 90% of the population, while the top 1% had 136% growth...So when union is asking for 46% wage increase -- it's very modest...

@divinecomedian2

9 ай бұрын

46% for thousands of employees. Big difference

Solidarity

Everyone pays for inflation, not just taxpayers.

@keithbellair9508

8 ай бұрын

Not the parasites getting the free money.. welfare mammies and worthless government retirees with their pensions to do nothing…

Senior uaw workers are already overpaid.. making $35 an hour to sit and watch a machine work.. they need to cut their pay and give it to the younger workers to balance it out. The big 3 will soon go bankrupt…

The working class does not need a sermon from CEOs, bankers and other con artists on how to tighten their belts. Bailouts & bonuses and money printing scams are A-OK when they are pocketing the proceeds for having done zero work.

I work on an assembly line for 10 years in a Union. They have no idea how much wear and tear goes on your body

I think you are leaving out some key elements here. The companies are making record profits. The CEO is getting paid A LOT more than the 'fat cat union bosses' and never set foot on the shop floor. In other words they produce nothing. The big three have already increased the price of their vehicles beyond the cost of insanity. They are charging 100K for trucks that used to cost 50k. The quality is lesser, nobody is buying their vehicles. Especially trucks. The union agreed to concessions last contract to help the companies. Many of these workers cannot even afford to buy the vehicles they produce. The big three are taking a huge hit on electric vehicles. Nobody wants them, and nobody is buying them. Many people who buy EVs are not happy. We already know these companies are buying politicians (which should be illegal). Maybe they should convince their constituents in Washington to stop incentivizing the production of EVs. I would also like to point out that the prime shareholder of all 3 companies is Vanguard who has seen ENORMOUS growth and is estimated to have TRILLIONS in assets. Again, should be against the law for one entity to acquire that much growth since there is only so much money in circulation. We all know who made this mess possible: The central banks. It is a broken system/failed state (by design). Someone is getting paid...

@HNedel

9 ай бұрын

Wait, how are they making record profits if no one is buying the overpriced trucks, and EVs are losing them money? Why do the workers care what the CEO is making anyway? They signed a contract. Their job is not getting easier or harder based on what the top managers are making. Or do you think if the CEO who gets paid a 1000 times more than the line workers just reduced their salary to the worker level and hired 999 additional people, this somehow would make a difference? Or distribute the 999 salaries over 200 000 employees? What is that going to be like, 0.5% increase?

@SUBtRONiX213

9 ай бұрын

@@HNedel That's a good question. The financial report indicates record profits. Dealers are not selling vehicles. Dealers lots seem emptier than usual. Something isn't adding up right? Are you a CEO??? I think anyone working 40+ hours a week should be able to afford the cost of living. Otherwise what in the blue hell is the point of going to work? This is what happens when you have runaway capitalism. Just like socialism always turns into communism, it would seem unfettered capitalism always leads to monopolies, greed, and runaway inflation. The devaluation of the dollar coupled with stagnant wages and high cost of living is the equivalent of a Chinese or Mexican salary. If the big 3 move operations to another country, why would anyone buy their product? The Japanese and Germans make far superior cars. They are trying to sell the RAM Big Horn for over 100K!!! LOLZ! For that price you could literally buy a Porsche. Who needs heavy duty work trucks? Small businesses that already cannot afford them. Broken system/failed state...

The union is told to go on strike every time sales are down.

Gasoline prices have been tanking . We were at $4.00 a couple weeks ago, and now we're at $3.49. So a huge disconnect vs $93 oil.

I only see 12 people protesting 😂. Is that why it's Historic?

The shorter work week is a way to satisfy the big greedy unions. Unions gets dues from each worker and four-day work weeks means more workers. More workers equals more dues.

@EroticOnion23

9 ай бұрын

Yup they’ll then just move all those jobs to China/Mexico…🤔

@lot2196

9 ай бұрын

Just a bargaining maneuver. I doubt they ever actually thought they could get a 32 hour week.

@muhammad-ik3nh

9 ай бұрын

I lot of people are misunderstanding the 32 hour work week the uaw knows we will work more than that. When the uaw talks about a 32 hour workweek that means not working more than 8 hours a day and if you work over 8 hours a day anything over you should get paid overtime. You can work 50 hours a week in a plant and some how only get paid for 2 or 3 hours of overtime

@muhammad-ik3nh

9 ай бұрын

If for the week they call 10hours a day and let's say you work 10.5 hours that day you only get paid .5 of over time the other 10 hours is straight time

@CrazyGorilla99

9 ай бұрын

@@muhammad-ik3nhexactly on the point I’m UAW ford me and you may understand that but people outside of our work may not but at the end of the day we still going to work close to those 12 hours lol

White collars have to be demoted and the real money should go to the workers

@ilovetrump1252

9 ай бұрын

All works are needed. If no one design the car there's no plan to put the car together.

@MarcusTheJR

9 ай бұрын

​@@ilovetrump1252so because you made a blueprint you deserve 100× the profit

@ilovetrump1252

9 ай бұрын

@MarcusTheJR nobody is getting 100 percent of profit. Uaw workers are getting paid well above average wage. With great insurance and profit sharing. It's a stugle right now for most people. Inflation is a tax on everyone. That's where the problem starts. Politicians on both sides of the aisle keep spending and printing money.

@tylerh1648

9 ай бұрын

​@@MarcusTheJRyea, designing a car takes WAY more labor skill than building one. Not alot of people are qualified to design a car, almost anyone can work in the plant to build them. Supply and demand 101 bud

We need to rearrange Peter’s lights to get that bright ball of light off his forehead

Lock them out until they smarten up and start producin vehicles that are affordable and reliable, not the over-priced crp they make now. They will price themselves out of a job if they keep up this stupidity!

Peter should do a podcast where he compares the how much the price of a car is the CEO's salary vs the workers wages and benefits. This will shed light on the impact of the CEO salary vs worker wage gap. Then explain the reason why the average auto worker cannot afford to purchase the cars they build is because of out of control government spending. Nothing is free as we are now realizing after decades of "free" government provided "services" and "benefits".

Yes Peter, support the little guys 👦!!!

If I had one piece of advise for the UAW it would be STOP VOTING DEMOCRAT!!! They really don't care about you!!

Great Job

Peter Schiff is right.

Happy new year Schiff !

A 36% raise is just greed.

"the union" is all the workers together. they are trying to single out one person.

Right sir peter schiff. You are a man of Integrity in this deceptive world.

Right now Inflation is ridiculous and The RICH Are raising prices every Week 😭😭😭😭😭😭😭😭😭😭😭😭😭

32 hours and I want to work at home. Eat my gummies 😂

Happy New Year and Shanna Tova Peter!

I have been following Peter Schiff's analytical work for several years. 😃 I'm absolutely thrilled by how accurately his predictions come true. Of course, he can't pinpoint the exact date, but sooner or later, his words become reality. 📈 This man is like an economic prophet of our time. Dear Peter Schiff, please, don't ever stop doing what you're doing! 👏🙏

Happy NEW YEAR to YOU Peter...May God Be Good to you and Family...🙏🏻🙏🏻💜💜🤗

The UAW is going to kill the goose that lays the golden eggs👊🏻

@markjou9799

9 ай бұрын

Then there will be no more eggs.

Well said peter

Peters is soooo on point🎉🎉❤❤

I think you have it wrong about the shorter work week. If a worker works more than 32 hours a week, they should be considered full time and get benefits and overtime pay.

The workers have lost 19% of their buying power from 2008 to 2023. From 2007 to 2017 there was NO WAGE INCREASE AT ALL. 10 years without a raise.

@sunriver3946

9 ай бұрын

If your stupid union didn't vote for Biden who has inflation at 19%. You would have been better off.

They also see what UPS drivers are making.

Unjust weights and unjust measures are an Abomination to the LORD. Most of the reason for the strike is that the Autoworkers have a Two Tiered system of compensation. Every employee should be paid similarly.

We are owed. They promise to return COLA and bring our wages back. If the CEOs can make 300 times more then the worker its a problem. Give us what we are owed!!!

Video is too short, I want more Schiff!!

But, but, but JB said he wasn't worried about a strike because it's not going to happen.

Remember Yellow Trucking folded overnight, what's stopping them to go oversees or north or even south.

Solidarity ✊🏿

I supported capitalism too, but CEOs are NOT worth 1,000+ times what their employees make per year. 😡

@akeel77

9 ай бұрын

I'll wait till you are CEO. Might be a while.

@povarful

9 ай бұрын

Wake up! There's no capitalism no more! Marxism and socialism, globalism here since 1930s . It's finally look obvious now! It took 90 years.

@1966johnnywayne

9 ай бұрын

That's for the owners, stockholders of the business to decide. The union failed to recover their concessions years ago when the automakers returned to profitability...to expect 40%, or whatever it is in addition to their other demands all at once is simply unfeasible, and they are burying themselves.

@doctordetroit4339

9 ай бұрын

Union goons vote for open borders and free shit for everyone they can pay for it.

@ericblust5923

9 ай бұрын

We don't live under capitalism, that shit slowly died over the years... There were farms, that led to stores and small factories. The banksters went around the country looking for working models of functioning Stores, farms, and industry, then they printed a bunch of money at near zero interest and built stores in every town... the chrony corporations pushed under the natural stores, as they got bigger... then once they dominated the market, they started buying politicians and writing their own laws and then basically merged back with the government.. this is corporatism.... corporatism, feudalism, communism, socialism, the elites don't care what we call it, as long as they are the elite, living over us, deciding how we serfs live....the only way to stop this, is to not let the banksters print dollars unlimitedly, for their family and friends, and break up the monopolies, that can only exist with government regulations and laws blocking competition...

If we got a 40% increase in wages at my job, the cost per unit of each item would go up 2%. Big biz can get fukt

Part prices are gonna go up and vehicle prices are gonna go up

I smell a bail out.

Love the Peter Schiff Show! As the Bitcoin collapse accelerates and the world returns to gold, we can say Peter was right again!

@keithbellair9508

8 ай бұрын

Yeah hopefully. We have only been waiting 15 years.. once again gold is crashing and bitcoin is holding up.

the companies will just outsource the manufacturing to mexico

There’s plenty of cars in reserves, they were anticipating this I hope the strike works

@SUBtRONiX213

9 ай бұрын

That's because nobody is buying them.

@brentharrington9235

9 ай бұрын

Works at what? Driving up the prices on already unaffordable, low-quality products? The jobs will get shipped to Mexico, my taxes will go up to take care of a bunch of former auto workers who got greedy.

@imissamerica4240

9 ай бұрын

​@brentharrington9235 yep theese people are brain dead

Companies don’t have the leeway for their workers meanwhile ceos and shareholders reaching record profits.

Production will move to Mexico were they have cheaper labor and higher profits.

Can anyone explain to me if we go full electric WHERE are we going to get all the copper and lithium?????? Also the current power grid is VERY VERY FAR from being able to power an electric car in every house!!!!

Prices have doubled. Go shopping. Get real. United pilots got 40 % increase. Ups drivers also.

It's not past inflation rates lol. 40% in four years. We're up over that in the last two years!

You don't have to join the union to work there

Truth. UAW now, next year is Boeing Union.

Correct about the negotiation tactics, both sides have tactics. But Union strikes are everywhere atm. Chevron have big worker strikes in Australia, due to toxic culture and conditions haven't changed for 10 years. Nurses in Australia, Fire fighters in Australia, all sorts of Trade unions. But true about workers trying to catch up. This is the problem of raising interest rates too slow. They should have raised it fast and hard. Ukrainian war hasn't helped the cause. This has caused issues within the energy supply chain, which has caused more inflation as well, then on top pf that you add government policies and state policies.

VELIKIY NOVGOROD, September 21 - RIA Novosti. Sanctions slow down Russia in some ways, but at the same time stimulate development, Russian President Vladimir Putin said.

Oil was 100.00 dollars a barrel in 2020

Jacking those prices back up??? When have they come down they haven't

I think that inflation is caused by the government not by employee wages. Blaming them for the problems of their employers is also not right. The employees need to focus on their own needs because the employers will never worry about their workers.

who cares if car prices rise when no one can afford them?

Spencer " Bring in the Robots " ...

just keep buying gold no matter what price anything under US$2500 will be cheap when its US$5,000-$8,000 in a few yrs

Burn it to the ground. Damn the economy. This is bigger than Red or Blue and its bigger than our worthless green paper💯