| Author |
 Topic  |
|
|
jonflyfish
Penny Hoarding Member
USA
693 Posts |
 Posted - 08/19/2009 : 17:51:11
|
Buffett: We're Going to Be Crushed Under Mountain of Debt-
You must be logged in to see this link.
|
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/19/2009 : 18:01:41
|
| I bet that'll be one sexy mountain. |
Trolling is an art. |
Edited by - Neckro on 08/19/2009 18:02:03 |
 |
|
|
Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 08/20/2009 : 14:01:32
|
Neckro, that has to be the most off the all response that I have ever read.
One of the few comments that gave me a chuckle. |
Robber Baron= Robarons |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/20/2009 : 14:12:04
|
| If the US is going to crumble, might as well get something from it. |
Trolling is an art. |
|
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/20/2009 : 16:48:31
|
The Greenback Effect
The current account deficit — dollars that we force-feed to the rest of the world and that must then be invested — will be $400 billion or so this year.
IMHO that is why stock markets are rising. The liquidity that was provided by our mountain of dollars.
Legislators will correctly perceive that either raising taxes or cutting expenditures will threaten their re-election. To avoid this fate, they can opt for high rates of inflation, which never require a recorded vote and cannot be attributed to a specific action that any elected official takes.
Buffett is right on the mark here.
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens....
The end result is a stealthful confiscation of the country's wealth and future. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
|
|
| |
Topic |
|
Buffett: We're Going to Be Crushed Under Mountain
Forum Locked
