Hi Stan,

 

The Fed reposessed 12 billion cars today, bringing the impound lot storage total 38.5 billion cars.  The Fed contiues to add upward support to GM by gradually taking people's cars away from them so that they have to buy new ones.  You see, the Fed takes these repos and they sell them to the banks for cheap.  There is always a bank who wants to buy a good used car.  The banks then vacume these cars out to find any loose change, and then they put them on the market for future buyers.  Sometimes the Fed doesn't charge the bank anything for the cars.  This action by the Fed has blown up in its face in the past.  They drove Yugo right out of business.  Hundreds of Americans lost their jobs and it caused a spike in the unemployment rate.

 

We believe the Fed will attack diesel trucks this month.  We believe this will be an attempt to ease the diesel fuel crunch.  Although the API reported a glut of diesel fuel, those numbers are fake.  I believe the Fed is going to cause GM to run out of vehicles soon which will cause GM to crash.

 

We believe next month the Fed will repo only cars that go 200mph, so we should keep an eye on our cars.