tv Cashin In FOX Business June 22, 2014 9:30am-10:01am 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. thatouldn'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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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 wou 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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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.
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looks like we're about to board. mm-hmm. i'm just comparing car insurance rates at progressive.com. is that where they show the other guys' rates, too? mm-hmm. cool. yeah. hi. final boarding call for flight 294. [ bells ring on sign ] [ vehicle beeping ] who's ready for the garlic festival? this guy!
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bringing our competitors' rates to you -- now, that's progressive. >> 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 is this really the answer you want to hear from a leader? so i can reach ally bank 24/7 but there are no branches? 24/7 i'm sorry- i'm just really reluctant to try new things. really? what's wrong with trying new things? you feel that in your muscles? yeah...i do... drink water. it's a long story.
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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 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 department and you're not sure 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 michelle and jessica for joining us this week. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life.
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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. have a great weekend.ncer: the g program is a paid advertisement for the shark rocket brought to you by euro-pro. >> [ laughs ] [ british accent ] this is me new dyson slim ultra-light vacuum. >> this is my new shark rocket. it's also an ultra-light vacuum. >> now, my dyson has no-loss-of-suction performance and go-anywhere versatility. >> same no-loss-of-suction and same go-anywhere versatility. but my shark rocket is the only ultra-light vacuum that can truly deep-clean cpets better than a full-size upright. >> deep-cleans carpets better than which full-size upright? >> lab testing proves that the shark rocket deep-cleans carpets even better than your full-size, $500 dyson.
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