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

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?
 
Quote from fkbsuhites:

Amusing little exchange.

Debating a bushbot is like speaking with a retarded rock.

What is a bushbot you ask?

Think Joe the plumber who hasn't paid taxes, is un-employed with no employable skill sets trying to make himself out to be more successful than the failure he really is.

These are the walking lard buckets who have all types of exotic diseases, have no health coverage and they're all sucking off welfare, medicare and massive farm subsidies yet will subject the rest of us with their illiterate shrieks on how Obama and everyone else is "destroying" America. It escapes their demented minuscule brain that their own jesus-freak president they selected for 2 terms is the primary cause of todays mess.

The Romans had the correct methods for dealing with these freaks. Too bad we've become too civilized to subject them to the treatment they really deserve.
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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
 
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.
 
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.



Quote from Misthos:

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
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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
 
Quote from WallStWhizKid:

Buffett's Partner: 'It's Over' for U.S. Economy
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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.
 
Quote from 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
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That's a laugh. Congress votes themselves a pay raise in the same time they deny a COLA increase to SS beneficiaries... Greedy BASTARDS!!
 
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.
 
Quote from bearice:

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.
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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.
 
Quote from 700express:

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.
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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
 
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