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tv   Cashin In  FOX Business  June 22, 2014 2:30am-3:01am EDT

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downdraft. >> we're all waiting on that downdraft. thank you so much for watching. keep it right here. extremists launch a major assault. >> pump prices heading higher. here's a solution. start letting americans pump out more of our own to finally cut our dependence. it's not just fuel. prices are hitting record highs. here's another solution. how about washington stop throwing money at all of our problems. >> difficult hard choices. hard choices. >> hillary clinton giving non-answers to serious questions. that wouldn't fly in the real
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world outside of dc so should it for someone who probably wants to become our commander in chief. >> hi. i'm eric. welcome to cashing in. our cashing in crew this week. welcome everybody. all the crazy violence. >> there is something we can do right here in america to cut our dependence on foreign oil, especially mid eastern oil. i'm talking about the obama administration. michelle your thoughts? it's about time that the president moves on thiz energy initiatives? >> right now specially. americans are going on vacation, road trips and they will have to spend a ton of money.
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we need to allow energy develop development we need to speed up our natural gas and oil exports. we can reduce. >> indeed. our policy should be hands off. we should be deregulating more than anything. and of course it's government that has made oil and energy production so difficult. i think the whole notion of drill here and explore here
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defends that the war was only about oil. >> i'm going to take the other side. right now we're about we're about 60% energy independent. jessica, i want to take one minute and explain a couple of maps. that became drillable for natural gas and oil. so if we're not bringing more
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oil and natural gas to the american people, obviously, jessica, the prices are going to go up. it's time to change. >> we have right now, we are already 60% off of dealing with oil from the middle east. because we are in a global economy. so when the price of oil is going up it is actually affecting the entire economy recovery that we're in. we need to focus on a long term solution instead of short term fixes. where we have got more electric cars. >> why not approve the keystone
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pipeline? >> i know there are a lot of folks that are for the keystone pipeline. >> michelle makes a good point. that would take up almost all of our saudi imports. so you're talking a few hundred thousand barrels a day. >> we're practically there now. we are independent of middle east oil. not only approving the keystone pipeline does something else for us, too. it helps our jobs situation. it creates an enormous number of
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jobs. it provides us an ongoing source of oil from canada. there are a lot of things that are good about that. we talk about russia, germany gets about 40% of the energy from russia. we need to correct that. you keep saying that the only thing we need to do is this and this.
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we will the nazis have left us alone if we stopped buying german sausage? >> are we not talking about terror? as prices go up, things are not getting better economically. so the middle class and the lower class is getting squeezed the worst. >> that's not what we're talking about. we're talking about prices, not terror. >> what video are we showing? what's going on in iraq has the
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potential to make prices go up. we are talking about domestic oil and energy prices. >> value has been going down for three years. now it's down to 23%. time to approve all of the permits because they don't want to. >> we have really got to be focusing not just on the authority term but what the energy will be. >> that's one example. are so many opportunities here.
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>> we have to leave it there. this show is one of the most talked about topics on all social media. i just tweeded this. if you agree with me, retreat that and be part of the phenomenal social media success. all the money printing in washington. >> prices are constantly going up. >> everything is climbing climbing. >> trying to cut corners in other ways because we have to have food. friday night, buddy.
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>> thank you, washington. all jumping to record highs. it's all happening as the fed keeps throwing money at our problems. is this one of the prices? >> all of this intervention, the stimulus that was supposed to help the economy, that is
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causing inflation. it's an undue expansion of the money supply. money is paper it's not wealth. the more that you print, the higher prices kbo. only government can do this. >> we keep hearing things are so much better. are they really? >> they are not. >> it's at $3.4 million. this is the result of the federal reserve and government thinking they can intervene in the market when they can't. they don't believe in the invisible hand. i have spriss going up from the
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bottom. that's called squeezing. it's not just the poor people but it's squeezing everyone. >> you are also seeing long term policy that we have had since the market crash going back to the bush administration and the federal policy. we are seeing gas going up. wages have stagnated. people are still suffering. there is a growing disparity between the top 1% and the rest. these are actually facts. >> you hear the groans. >> i know. i know. but this is what we're talking about. >> it's a fallacy to believe that by raising minimum wage that household incomes could or should go up. what is going on? what is the squeeze?
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>> it's interfering in the free market system. we know that the free market works and every time the government sticks its nose in it it upsets the system and throws it out of balance. here we have a federal reserve that is manufacturing paper all the time. money. by selling bonds. the treasury you have got a huge money supply chasing fewer goods. >> everyone sees the stock market. 17,000. oh my gosh and people are taking victory laps. >> the people who are hurt by inflation are the poor.
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they are the lower income folks. an extra 10% on my grocery bill is not going to help but people who are striving to buy meats and vegetables, it makes a big difference. so as wayne said, the more government does to fix the free market, the worse it becomes for those who want to help. i was driving in a remote part of nevada. you know what wasn't cheap? gasoline. neez people are still waying at least as high a price as everyone else making a lot of money. why wouldn't the president just be smart and make fuel more abundant for us? >> we have an abundant amount of
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fuel right now. part of the reason why gas is so high is what we are seeing in the global marketplace. things were we were just talking about in iraq. so the national marketplace and commodities that are going on here. >> i disagree completely. i'm not a huge fan of the fed. if they don't come in we have things like the depression. >> one of the biggest costs. >> what happened. >> one of the biggest costs to a farmer producing the feud. >> the biggest cost? >> energy is the biggest input cost but that follows the whole
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economy. >> we're going to have to leave it right there. hillary clinton making the rounds to sell her book and maybe herself. is this really the answer you ant to hear from a leader?
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guatemala to help these youngsters. join us at the top of the hour. make the hard choices.
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>> a hard choice. >> hard choices. >> hard choices. >> former secretary of state and maybe presidential candidate hillary clinton responding to questions about benghazi and iraq. i know it's the title of her new book, but doesn't the leader of any organization, let alone someone who probably wants to lead the free world, need better answers than the one she was giving. >> absolutely, sweet lady but not fit to lead. why she can't answer the basic question, why was chris stevens there in the first place? no answer. why was our flag the last one flying? why did we not have security at those places? why were the assets not deployed? and why was susan rice sent out at the last minute with a knowing lie to propagate this lie on the american people? outrageous. >> looking for answers but she didn't write about those in her book. jess, you say hillary clinton should be our next president. >> absolutely. i am the only one, i'm sure, on the panel who believes this. we can debate it and argue it. she's more than qualified. she has the leadership capabilities.
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it's a matter of -- >> more than qualified? >> beyond. this woman has been -- >> so why didn't she answer those questions? >> she's also not the president of the united states currently. >> she was the secretary of state. >> what did she even accomplish as secretary of state? >> michelle, go ahead. >> she tries to say that this is all fog of war, that's why they got it wrong. no, it's not called fog of war, it's called lying and that's what she did. she was the head of the state department. you're telling me -- she says that she knew she wasn't exactly sure about the narrative, that she had questions about it. if you're the head of the state about the narrative, why are you going around acting as if it's fact. this woman hasn't accomplished anything. what did she accomplish at the state department? how can you say that -- >> i've got to get john. go ahead, john. >> the president is the commander in chief, eric, here she is. not the wage authority or health care company. here she alone commands the armed forces. they're supposed to enforce the law and protect us. i think if secretary of state clinton was lost in a fog of war
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in the situation room, i would be very concerned about how she would act in the midst of a real war that is a war against jihad. >> and we'll leave it right there. i'll say thank you very much to michelle and jessica for joining us this week.
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time for what do i need to know for next week. wayne, you're up first. >> well, i've been looking for yield and where i've been
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looking is in some of these master limited partnerships. nrz throws up 11%. >> very, very g how about you, jonathan, staying with the base metals? >> i've gotten my clock cleaned betting against bonds and higher interest rates but i still think that's the play. dfvs goes up with five-year yields. i think all the money printing from the fed will finally start catching up with interest rates. >> i have to agree with that one. thank you guys very much. that's it for the cost of freedom block. thank you for joining us. but some final thoughts about the middle east. no more american blood should be spilled over the cockroaches who hate us as much after we helped them as they did before. you want solutions, we need to drill our own massive available offshoreacres for oil, frac our massive federal lands for nat gas and approve the darn keystone pipeline so that we never have to bow to the demands of middle eastern oil sheikhs again. we need to assist israel, mideast problem solved. as for the 300 advisers and
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drones, yeah, what the heck, kill a few more terrorists, fine. it won't fix the problem, however. the cockroaches will find another trash can to breed in. just my thought, folks. one. try nickelodeon, that seems more your speed. have a great weekend. kennedy: where did you come from? chances are that you or someone from a few generations removed wants away from the american dream. immigration has taken center stage in the national conversation once again. but what does it mean to be in america and how has immigration become such a contentious issue with folks were typically flows aligning themselves on either side of the debate? is it a false debate reisinger on rhesus contradictions? from kids ... order and a shocking situation. this is "the

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