Buffett's Partner: 'It's Over' for U.S. Economy

Discussion in 'Economics' started by WallStWhizKid, Feb 22, 2010.

  1. Read, understand and prosper.

    http://webspace.ship.edu/cgboer/platoscave.html

    most are still in that cave, chained and unable to turn their heads, The media (cnbc) and the pundits (fools of the "talking heads from the banks, Fed, etc) are the shadows.....question is, can you truly understand what is happening to the financial system? Or are you just guessing and following along with the shadows, still hidden in your cave?
     
    #121     Feb 23, 2010
  2. Keep charging at those windmills fkbsuhites.

    The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can "throw the rascals out" at any election without leading to any profound or extreme shifts in policy.

    - Carrol Quigley, Tragedy and Hope
     
    #122     Feb 23, 2010
  3. zdreg

    zdreg

    it will be a grand holiday. it will be a bank holiday and all monies will be frozen. of course there will be some (many) fools on ET who will be in a state of denial.
     
    #123     Feb 23, 2010
  4. The current set of corporate and foreign interest Democrats that do the bidding of a shitty foreign nation should all be kicked out

    republicans and their voters on the other hand should simply be shot.



     
    #124     Feb 23, 2010
  5. Humpy

    Humpy

    Personally I wouldn't mind seeing a bit of patriotic commitment by politicians.

    How about a 10% pay cut

    It would give them a bit more moral authority BEFORE telling everyone else what to do
     
    #125     Feb 24, 2010
  6. It will take some 32 years for USA to pay off their national debt of $12 Trillion if USA pays off $1 billion per day.

    Politicians are too weak and useless. They have failed USA. Now USA army should takeover USA administration.
     
    #126     Feb 24, 2010
  7. That's a laugh. Congress votes themselves a pay raise in the same time they deny a COLA increase to SS beneficiaries... Greedy BASTARDS!!
     
    #127     Feb 24, 2010
  8. I like Ron Paul, but people must know that the president does not have all the power you think he/she has. Ron will get in there and be a just like Obama a guy with big ideas that he can't implement. I like grid lock, I hope GOP can win the Senate back.
     
    #128     Feb 24, 2010
  9. Fortunately, there is still hope that with the right reforms (such as eliminating many of our welfare programs), the US could pay back more than $1b per day.
     
    #129     Feb 24, 2010
  10. What if USA has to pay off their national debt of $12 Trillion within 1 or 2 years. It would require $10 billion or more per day. After 32 years USA will add another $12 Trillion debt and it will require another 32 years to pay the debt. It will be a never ending story.

    Does USA have the money or resources to pay off $12 Trillion within 1 or 2 years.

    Basically it is over for USA
     
    #130     Feb 24, 2010