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The Greenback Effect (Warren Buffett Warning!)
NY Times ^
| 8/19/2009
| Warren Buffett
Posted on 08/19/2009 6:41:18 PM PDT by Red in Blue PA
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To: Red in Blue PA
That is definately the problem and if the debt is not paid down and Obama and Congress don’t stop spending; we will be in one mother of a depression. As long as they over spending and printing money to cover it; we will go down.
Also, pay all your debts as much as you can. You will thank yourself for it.
2
posted on
08/19/2009 6:44:56 PM PDT
by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: freekitty
It’s pretty bad when your advisors call your plans disastrous.
3
posted on
08/19/2009 6:47:36 PM PDT
by
Red in Blue PA
(If guns cause crime, then all of mine are defective!)
To: Red in Blue PA
Isn’t Buffett an Obama advisor like Paul Volker? Why’s he telling us?
To: Mr. Peabody
Indeed he is an advisor. The legs of the table are being removed one by one.
5
posted on
08/19/2009 6:49:24 PM PDT
by
Red in Blue PA
(If guns cause crime, then all of mine are defective!)
To: Red in Blue PA
To: The Magical Mischief Tour
When is shooting yourself in the foot an act of suicide?
When your foot is in your mouth.....
7
posted on
08/19/2009 7:00:13 PM PDT
by
LaMudBug
To: Red in Blue PA
...no one can know the precise level of net debt to G.D.P. at which the United States will lose its reputation for financial integrity. But a few more years like this one and we will find out. More likely only a few more months. The myth that we can have government spend/borrow our way out of a recession has become painfully clear to all of the Americans out of work. Obama and Congress continue to pretend that fattening government bureaucracy is the solution to stimulating the economy.
8
posted on
08/19/2009 7:01:09 PM PDT
by
eggman
(Obama's Spread the Wealth will work just as well as Spread the Liabilities (sub-prime mortgages))
To: Mr. Peabody
Isnt Buffett an Obama advisor like Paul Volker? Whys he telling us?Buffett is first and foremost what Founder John Adams derisively called a "money-getter." That is, the acquisition of wealth is his reason for living. He is Scrooge McDuck personified.
If he is now telling you what to expect, you can rest assured that he is well prepared to profit from your response. Follow the money and draw your own conclusions.
To: Red in Blue PA
Why is Warren saying anything now?He told everyone years ago to dump the dollar and buy euros and I didn't listen to old Warren and purchased gold instead and made much more.
Warren has dementia or a math problem in my book.
10
posted on
08/19/2009 7:21:51 PM PDT
by
taxtruth
(WE CAN'T AFFORD UNCLE SAMMY ANYMORE!)
To: Red in Blue PA
11
posted on
08/19/2009 7:32:24 PM PDT
by
DilJective
(High time for men of the mind to go on strike.)
To: Red in Blue PA
Buffett sends one across his meassiahs bow.
12
posted on
08/19/2009 7:33:17 PM PDT
by
jwalsh07
(CommieCare: Need a Stent, Take a Red Pill. Next!)
To: DilJective
When it comes to the Buffetts, I prefer Jimmy.
To: DilJective
Warren who?
Van Winkle, if he's just now realizing that the spending is a problem.
14
posted on
08/19/2009 7:57:32 PM PDT
by
Trod Upon
(Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
To: freekitty
I have no debt. The burning question on my mind is what to do with my cash assets — leave them as-is (in CD’s), convert to gold, a little of both? Gold is ~$940/oz so it’s not an easy decision. Silver doesn’t look like it’s at it’s peak, though.
15
posted on
08/19/2009 8:00:19 PM PDT
by
Windcatcher
(Obama is a COMMUNIST and the MSM is his armband-wearing propaganda machine.)
To: freekitty
I believe we are ALREADY in one mother of a depression.
16
posted on
08/19/2009 8:08:17 PM PDT
by
RipSawyer
(Change has come to America and all hope is gone.)
To: hinckley buzzard
What galls me is that the old prick practically campaigned for Obummer. And now gives a mealy-mouthed criticism of him. Just a tad late there, Mr. Buffet!
When you campaigned for him you had to know in your heart that he had never managed so much as a hotdog vending pushcart! By WHAT assinine credentials did you in your wildest hallucinations imagine that he could manage the most difficult job on earth?!!!
17
posted on
08/19/2009 8:16:49 PM PDT
by
Tucker39
(I Tim. 1:15b " .....Christ Jesus came into the world to save sinners, of whom I am chief.")
To: DilJective
To: Windcatcher
I’m in the same situation ... I have some in gold, the rest in cash assets, but that doesn’t seem wise long term, as it seems to me that we may be in for some series inflation at some point, but hey, who knows, this thing is hard to figure out. What this evil out of control gubmint is doing puts us in uncharted territory.
19
posted on
08/19/2009 8:33:50 PM PDT
by
webschooner
(First they ignore you, then they laugh at you, then they fight you, then you win -- Mahatma Gandhi)
To: Red in Blue PA
I don’t find Buffett particularly credible on anything anymore.
20
posted on
08/19/2009 9:28:58 PM PDT
by
sageb1
(This is the Final Crusade, There are only two sides. Pick one.)
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