where do all the clunkers go? with two billion more dollars, what's left behind when the cash for clunker deals head to the junk yard. the program also has ignited new online scams, looking to con people into paying for a cash for clunkers deal. how to avoid that rip-off and others. what's the possibility of pump prices hitting $14, $18...even $20 dollars a gallon...and who would be the winners and losers? believe it or not 2009 for stock investors is better than average to a long-term average hold about a 10% increase per year in stock prices here in 2009 if the s&p 500 is knocking on the door of a return of 12 percent believe it or not. pretty impressive let's see what the new week holds especially bad news for investors on wednesday when a federal reserve meets on interest rates of course they're expected to keep rates close to zero but is going to

be important to seek but the reserve members have to say about the economy for starting to see positive signs let's see if the fed is as optimistic as the rest of us. less bad it has been the name of the game saw the private with the jobs number steal quarter million americans losing their jobs in the month of july not a good thing but a lot less compared to previous months. now that the cash for clunkers program has new fuel to keep running... politicians are hoping it will continue to boost auto sales... in just 2 weeks... more than 200-thousand new cars were sold under the program... and while many are calling it a success... it's putting a huge burden on junk yards... that have to dismantle and dispose of those so called clunkers. here at robbins auto salvage.. they're clearing space for about 200 gas guzzlers that will be coming in from the cash for clunkers program. once the clunker gets to the junk yard.. the engine is already disabled... they've got just 6 months to sell all the parts they can... and then they have to turn it into scrap metal.

we have to do paper work..document.. tow them drain teh fluids crush them.. get rid of them... theres not money allwoed for us.. and we pay for them on top of that.. dean robbins... who owns this auto salvage yard... says he's paying car dealers an average of 200 dollars per car... under the law... dealers are required to tell you the best estimate of your old car's scrap value... and they can keep only 50 dollars of whatever they sell the clunkers for. "rest of that money over that.. supposed to go back to the consumer.. that's why the dealers are shopping around to get most they can from juny yards." while the program is a win - win for car dealerships.. and consumers... dean robbins says it's a bad deal for junk yards.. since cash for clunkers started.. his sales have dropped

by 20%... because fewer people are fixing their old cars... plus the value of other parts are dropping too. instead of selling door for 300 dollars.. i have to sell for 150 dollars.. and cars i paid 1000 for... those prices go way down the fines against junk yards that violate the rules are very stiff... the penalty is 15- thousand dollars for every incident where they don't follow the rules... junk yard owners also face a chance of losing their license... and possibly even going to jail. coming up later in the show, some cash for clunker scams to watch out for. the new week will have the now- familiar occurrence of uncle sam selling billions of dollars of i-o-us. the grand total for the week's offerings will be $75 billion over the course of three days, with the government selling a combination of bonds that mature in three years, 10 years and 30 years. just two weeks ago, the government sold more than $100 billion in bonds in one week. given the pace at

which the treasury department has been raising money, it expects to hit the debt ceiling before the end of the year. right now, congress limits government borrowing to $12- point-1 trillion, that's 23 percent higher than the debt ceiling just two years ago. when all the supply hitting the market over the next several more get concessions and to raise new and higher taught colvin along with us at the cme group bonds trader behind you and they have been selling the bond paper here in the last several weeks. last week jobs report certainly didn't slow it down any with a weaker job report or less a bad job report as a dip in the unemployment rate which on the surface looks good but is really only a factor of the number of people that are used up to get the number where it is. and really get us moving down and is one of cheapen these options for the week and i think we see the man off from the foreign central banks but also from the dealers who have a lot of cash on the sideline the one make money on. trying to increase the velocity

of dollars in the market let's talk about this were close to 4% on the up government yield which would match a high we saw back in june the you think it'll sell enough to get 04 percent? we may be barely above the they're really gonna try to knock it up there by auction time but i think the hedge funds and the dealers are looking to pick up treasurys because the risk adverse trade is still out there and is not as appealing as it was over the last six months even though the stocks have made a huge move even though corporate bonds seem to be more price port normalization the fact is there are still at risk there and the bank of england and they continued with their q e buying aided and put it on the sidelines like most people thought because the recession look like it was ending they still see problems and i think we see that prom are fed this

week when many on the 11th and 12th in seems like a lot like a flight to quality more a jar of to quality. there are still concerns that he is everything ok if it is why isn't the fed and the treasury taking back some of this there not. but you will hear more in the coming days. taught colvin enough global over at the cme group. thank you tom. still to come the popularity of the cash for clunkers program has ignited lots of internet scams... what you should do to keep from falling prey to them. but first, why one author believes the price of oil will only go up from here and why it may not be such a bad thing.

though oil prices have pulled back since reaching record highs over 140 dollars a barrel, some

oil analysts believe there is only one direction for black gold to head in the long term: straight up. christopher steiner agrees and writes about a world of rising energy prices in the new book, $20 per gallon: how the inevitable rise in the price of gasoline will change our lives for the better." we trailed him around chicago to get his insights on a world when a gallon of gasoline costs more than 10 bucks a gallon. steiner's book is built on the premise that the rising middle class in places like india and china will want to drive around in cars like we do here in the u-s. that will drive up the demand for at a time when supply may have reached its peak. 'supply goes down and demand goes up. its economics 101, price is going to go up." $12 per gallon "12 dollars per gallon will be a turning point in america. they will move out of the exurbs and move to higher-density, walkable communities." for some, leaving the single

family home in the sububs for a more tightly packed apartment building may mark the end of the american dream. but steiner sees things differently. "the american dream is really about happiness. that isn't going to change. people will be surprise by how easily they can adapt from a single family home to sharing two walls in a town home." $14 per gallon at 14 dollars a gallon, steiner forecasts an end to big box stores like target and walmart. "when gas prices go pas $14 a gallon, the walmart model built on the price of cheap gas, the only reason it works because of cheap oil, will not be tenable." 80 percent of wal-mart's suppliers are from china and wal-mart by itself is china's sixth largest trading partner. the store imports goods from across the pacific on giant container ships powered by cheap gasoline. everything from kitchen utensils to sporting goods then makes its way across the country on a network of more than 7-thousand

gas-guzzling semi trucks before its all stocked away on shelves in more than 4-thousand stores. steiner argues that higher gas prices will make products manufactured here in the u-s more competive. "you're going to see a lot more locally manufactured goods in our stores." and that wasteful consumerism may also come to an end. "maybe we will all have metal knick-knacks in our kitchen rather than plastic. and we'll hand them down or use them our whole life instead of throwing them out and buying new ones every 30 seconds." $16 per gallon when gas hits $16 per gallon, the way we eat will also change. steiner uses sushi as an example. "when you catch these things out in the middle of the pacific or out in the middle of the atlantic and you have to get them to the sushi market in tokyo, and they have to take a jet. we fly tuna around like its a c-e-o because they're worth so much money. in the future, they'll be worth so much money, no one will want to pay to eat them." and farming will have to shift away from its dependence on imported fertilizer,

"people like to talk about america's oil problem. what they often don't know about is america's fertilizer problem. most everything in whole foods came from fertilizer. all of it. and most of that fertilizer came from places like qatar, venezuala and russia. its cheaper to get fossil fuels over there. fertilizer is almost 100 percent natural gas. when you're eating, you're eating fossil fuels." $18 per gallon our armed forces has a fuel problem. and they know about it." every dollar increase in the price of gas costs the pentagon 5 billion dollars. the military's strategy and how they spends taxpayer money, therefore, will have to adjust. "at 18 dollar a gallon gas, its going to cost 50-thousand dollars an hour to fly a b-52. so b-52's won't be around any longer at higher prices of gas." steiner also sees a network of high-speed trains connecting the country, coast to coast. "when we get to that point, when we're you're able to get on a train on one side of the country and get off on the other, that's going to be an expression of us conquering a world of scarce oil. $20 per gallon "at $20 per gallon, our grid is going to be more important than ever. america's trump card in its war on fossil fuels is its electrical grid." steiner sees renewables like wind and solar powering that grid at 20 per gallon. but it is nuclear energy that he believes will be needed most to fuel the electric cars and high speed trains of the future. still, for those who fear paying more than 200 bucks to fillup, steiner offers this bit of

optimism. "by mitigating how we use fuel, we may never see 30 per gallon. if we are to cope with the future of less oil, we have to make the changes described at 16 dollars a gallon at 18 dollars a gallon and that's the important thing to understand." when asked if he had made any changes to his life since completing the book, steiner pointed to slight changes in his diet, now buying more local produce and less beef. online items from unemployment to the everyday costs of living...why more people are unable to save for the future. plus, what if gas reached 20- dollars a gallon...the impact it could have on everything from family bonds to the death rates. and...a look at the dvd business, how movie studios are looking to get part of the industry's growing profits. and straight ahead on the show.... detecting financial scams....from cash for clunkers to loan modifications....an expert has tips on how to tell if you're being ripped off.

while the cash for clunkers program gets another $2 billion dollars, it likely gives new life to con artists looking to take advantage of the interest in the program. from the career help to mortgage modifications, scam artists have launched cons playing on people's economic worries....and cash for clunckers scams are just the latest. we spoke with sid kirchheimer, who wrote "scam proof your life".

viewers sound off in today's viewer mail segment...thats coming up after the break.

welcome back everybody this week we have the words sounding off on health care reform which is a hot topic as well as market psychology. but those big market rallies let's get to e- mail from rufus: the mentality of the "quick return" that has pervaded the markets over the past 20 years or so, has got to change. this has helped to create the mess we are in now. bubbles and then the bubble "bursting", is not the way to grow an economy over a long term. of rufus is right here and. the that the matter is that we saw a huge expansion of all the past 30 years that found its way into the stock soared in the late nineties and the way to the housing market but we take a look at a 12% return this year in the s&p 500 better than 20

percent of nasdaq's is clear that people want to make up a lot of trauma from a truck. time i guess i'll take a bigger picture view of this show we have a cabalistic society and economy that is based on capitalism feel the bite of breed in some cases in and you have death if possible post. so word always have that. let's move on now alan: after seeing your report that focused on "increase in taxes" necessary to cover health reform, i believe (it) was irresponsible, inaccurate and minvestment dollars for companies, reduce potential wage increases, decrease our competitive positions. isleading. businesses are being drained year after year trying to keep some form of health coverage for employees. these additional costs take away investment dollars for companies, reduce potential wage increases, decrease our competitive positions. he's right anyway these are huge burdens that are placed on all on small business owners of rental car with darman to reform health care been interestingly i did find one small businesswoman who who is in support of open house programming she says no. none it would keep per employees' lawyer

to work company have reduced the burden that they have on health care costs so she wouldn't have to pay as much money for a turnover of employees and it wouldn't take as many sick days so there are pros and cons for this topic. allen is right way to allow the increase in health-care costs is to absorb an increase in wages we saw last 20 years of self and increase in taxes if you don't talk about employer mandate if he won't talk about a government run plan how the thing any of those are gonna pay revenue has come from somewhere. robert: i am getting sick and tired of the government telling me what i have to do, either as a business or as a citizen. i (do) not want any health plan that requires me to enroll. i live in the land of the free, not in a socialist country. obviously this huge health care debate hits 15 years after the original debate in 1993 want to hear from you comments and first business x. steel and phone number voicemail 3126608397. will see you online or back here next time. thanks

for watching everybody.