Added: 4 years ago
From: CapNewsNet
Views: 49,745
Sort by time | Sort by thread (beta)

Link to this comment:

Share to:
see all

All Comments (256)

Sign In or Sign Up now to post a comment!
  • Wow you can be rich and not an asshole! RARE!!

  • Buffett is a genius and an American hero. I wish he were running instead of these out of touch sociopath clown shitheads.

  • Fuck this full of shit hypocrite! Half of his money is overseas & he's been fighting a court case from the IRS over a year now b/c he owes taxes & he doesn't want to pay it! Typical leftist LIAR!

  • End the Unconstitutional income tax and stop spending.

  • Warren Buffet, one of the only rich americains who is proud to be Americain!

  • @curingaging00 that's what Obama tries to do, but failed most of time.

  • lower taxes for those who are middle class

    Raise taxes on those who are considered super rich.

    those who make about 1,000,000$ annually or more.

  • @curingaging00 Dude, those who make more than 100 000 are well rich too bro. But you're right. Let's start whit 1,000,000 we see after!

  • Warren Buffett.

    you rock

  • Thank you Mr Buffett.

    Please listen to what he said. We should all think seriously about this.

    If any "super rich" boss or company thinks of shipping jobs overseas they are going to do so regardless of this.

  • If Buffet thinks he pays too little in taxes, I don't see him paying any payments to the US Treasury.

  • I read that very wealthy French citizens are asking their Govt. to tax them more, but not to an extent that it would drive them toward tax evasion and / or re-location abroad.

    In other words, tax us - but not so much as it hurts. Ie, don`t tax us like you tax the poor. Tax ALWAYS hurts the poor ! And they are a captive audience.

  • warren Bugget, a real american

    the ones againt the middle class are a sole united group, the group, which by ways of deceivement, controls the wealth, this group is and has always been, the jews.

  • Scumbag Buffett. He gobbles up small companies with bad estate planning due to death tax, & he plans on leaving it all to charity. Does he create more jobs here, build schools or education programs, soup kitchens, etc. People think this as$hole & Bill Gates are heroes, not looking at how many people they destroyed with their corporate cronyism, weak antitrust enforcement & regulations that act as barriers to entry for competition. Smash the shill with a hammer, spread more than his wealth.

  • this is why republicans must go and get out of WASHINGTON!

    If you vote for a repub in 2012 you need to go to a doctor!!!!!

    Thank ou for your honesty Mr.Warren, you are the only nice rich person!

  • @2suwase He's trying to kill our job market. You raise taxes for the rich, and they ship their jobs over seas to china. You lower taxes for the rich, you give them a reason to keep jobs here. Them keeping their jobs here makes more tax paying citizens, and less welfare recipients, while all the while increasing our productivity. He's trying to kill the job market, and naive folks like yourself fall for it. He plays on your emotions.

  • @SuperAdventureGaming More than 50% of world corporate jets are made in USA. The democratic mayor of Wichita and unions protest Obama´s rethoric about corporate jets. At the same time the hyper-wealthy Warren Buffet (who is free to donate his billions to the government) makes the biggest corporate jet order ever to Bombardier: 120 planes made in Canada.

  • @xaviqaz i'm Canadian and love Bombardier, especially their SKI DOO Snowmobiles....just wanted to say that! but actually what i really wanted to know is if he's telling the truth...does he really have a lower tax rate than his employees? or is that through some accounting tricks....i know the rich aren't taxed like here in Canada, but i thought the U.S. had a progressive tax rate system bases on income brackets...i thought the tax rate went up, is he fibbing?

  • @quincee33 He has a lower tax rate than his secretary because his income comes from capital gains. People who actually produce things pay much higher rates.

  • @SuperAdventureGaming Dude, Big business already ships its jobs to china and taxes are lower than they have ever been. corporations dont ship jobs to china because of taxes, they ship jobs to china because it makes them more money. These big business assholes do not have our best interest in mind and only care about making a profit, but then again Im sure you know more about how the economy works than this successful billionaire.

  • I really don't understand a word he said...

  • @Zhengfu475 He basically said "Raise taxes for the rich so they ship their jobs to china to avoid high taxes, and we kill t he job market in the US and go bankrupt and kill the country" 

  • Ron Paul 2012 !

  • On next years tax forms Congress should let taxpayers check off which party in Congress they want to authorize to manage their money. Then Democrats can raise taxes from all those rich Democrats for projects beneficial to Democrats and pay off their own debts anyway they want and Republicans will be able to cut programs not beneficial to Republicans and only have Republican debts to pay off.

  • warren you moron. buy the property. change the world yourself.

  • Warren Buffett is so twisted and sneaky it makes me sick!.. he benefits from people having an estate tax.. read my comment below..

  • Warren Buffett is evil! When someone dies, their money isn't just sitting in a bank, its in the business / property that they own. If your Dad has a small business worth 3 million, the estate tax would be a % of that, and you would have to pay cash for it. What if you don't have the $300,000 cash for the 10% estate tax?? You Would have to sell the business and liquidate it so you could pay the tax. Guess who buys your business at a low rate when your desperate for cash?/ WARREN BUFFETT!!

  • @josh390 Is this based on the assumption that Warren Buffet lives forever?

  • @josh390 i totally agree i just read an article about that, im sicked tired of all the liberals in media talk about how great he is

  • @josh390

    If your Dad had a business worth 3 million, wouldn't he have left enough in his checking account or elsewhere for you to enable you to pay the estate tax?. If you can't run the business and make a profit then you would have to sell it anyway.

  • i think most peopel doesnt really there are enough loopholes in our tax codes, that Billionaires recruit the best accountant out of business school to help them escape paying taxes, not to mention that they have a plenty of friends in both parties!!!

  • What denotes the "super rich"?

  • @916marine

    super rich = anyone whose fortune is safely harbored in a 501 foundation (so his heirs will never pay estate taxes) yet has the audacity to recommend high-estate taxes for everyone else.

  • i'm not surprised. as one of the richest men in the world, this man has no interest in tax cuts

  • @Fleishman322 Well, so does many person who are in the top 0.1%

  • well, I AM CLAPPING even if none of the other guys are.

  • This guys is the best i am so lucky to have 15 class A shares in his company.

  • yep they where looking like STFU Buffett... That was awesome! Way to go Mr. Buffett

  • How much extra did he send to the US treasury after his taxes were paid?

  • Buffet it is easy for you to say this because you are the second richest man on the planet! How come he didn't respond this way when he was younger?

  • @GaunletofDestruction This isn't in it's entirely. He has stated that the laws have had huge benefits to the rich in the last 20 years, but mainly the last 10. It's not wrong to be rich, but when 2% own 50% of the wealth in this country we have a huge gap which is seen in third world countries on the extreme and longer recessions/depressions in affluent countries like the US.

  • Thank you Mr. Buffet!!

  • Kiss my white ass Buffett. I worked for his company for 12 years. He fucked us out of our pension! He is a TAKER that puts on a good front. He should be locked up for the things he's done. You came into my company and put thousands of people out on the street that worked for that company, some for over 20 years, and you did it with NO REGARD. Your a disgusting waste of space.

  • If the poor who have voted the republicans into power want to keep giving me tax breaks (I payed taxs on my estate, 60 dollars, for the first time this year btw) and keep themselves in the poor-house even though I have consistantly voted to increace the taxs on my own social bracket (not super rich, but defo upper middle/upper) then fine. thanks a lot and good luck to you

  • @existentialvoid It really doesn't make a whole lot of difference which party these days. They are all owned by the same corporations. It will make a difference in the national debt and eventually cause recessions/depressions as history has shown us. So yeah, I agree with you. lol

  • One way to fix the economy is to let the rich determine their own tax rate. The higher the unemployment rate, the higher their tax rate goes. As the unemployment rate lowers, the less taxes they have to pay.

  • @LovinGravity terrible idea, tax rates should not be pegged to employment - especially considering how employment is not a single catagory but quite complicated in its own right.

  • @thewhiskers we obviously can't pay it back in one sitting, but we need to start a habit of reduced spending. If we keep paying it off for the next twenty years we should be clean. $500 Billion a year doesn't seem large if the Bush Tax cuts are expired which potentially could rack up $650 Billion in tax revenue alone. At least that what I concluded prior to the Bush Tax cuts.

  • It's not the rich get richer and the poorer get poorer. Its the smarter harder working people get richer and the lazy asses that go to parties, eat burgers and watch tv all day get poorer.

    A teacher "CHOSE" to do what she loved and did it and the fund manager chose his harder more stresfull job and makes 5x more than the teacher is making and now the teacher is complaining to the goverment about how she makes too little.

  • @thawhiskers You are so fuking stupid. You think that you have it made, like you have won, but if you are not part of the billionaire club, in the end you will lose just like the rest of this country.

  • @rmonroe401 Yeah people like you have been saying that for as long as the U.S has been a country. People said it in 1930's, 1940's 1980's 1990 and now your saying it again 2010.

    It's all been said before, and your a even more dumb, saying that if your not a billionaire, you will lose, even multi millionairs. What your saying is your opinion, what I say are mostly facts. and no i have not won, because nobody wins, everyone will die and lose it all one day.

  • @thawhiskers Still, dumb, you obviously do not understand what Buffet is saying. He is basically saying you are being lied to. That the super rich have manipulated the media and politicians to convince the American public that the rich are overtaxed, when it turns out the current tax system has favored them so much they are destroying this country. And this will continue until a breaking point is reached and the people(which at that point 90% of us will be poor) revolt against them.

  • @thawhiskers And my final point is, YOU WILL NOT BE IN THAT TOP TEN PERCENT!

  • @rmonroe401 The top 10% make about 150k a year before taxes. Last year I made about 90k before taxes while in college with my own business and your saying I will never make it to the top 10%.

    The rich pay the most in taxes so of cource they are going to have the most power. You are right about that. Someone who makes a million dollars would pay 35% federal taxes on most of that million, not to mention higher state and self-employment tax, or fica tax if they are on salary.

  • @thawhiskers If you think the top 10% make 150K a year I am not even going to argue with you anymore, because you are 100% clueless. Also, if you think that someone making 1 million a year pays 35% taxes, then the media and rich have done their job of pulling the wool over your eyes. Exxon Mobile made 3 billion dollars last year and did not pay ANY TAXES.

  • @rmonroe401 150k or more idiot, it should be obvious. Look more into the details because obvoisly through youtube comments I can't put everthing down.

    The media does not feed me this. I was in college for accounting and do my own individual research. So don't get me wrong, i'm all for higher taxes on the rich because i'm not rich. If someone makes 1million on wall street of cource they pay lower taxes than somone who is on salary or is self employed.

  • @thawhiskers 90k is nothing m8, thats solid middle class.

  • @rmonroe401 I’m not going to waste anymore time arguing with you. I'm 22, happy and I’m with a gorgeous gf. I'm growing my business and get tax cuts by investing on me and my gf retirement accounts. I don't even have cable or a TV so that I don't waste time on useless things, but I’m happy.

    I bet you will never be rich. I bet you spend too much time and money on TV. I bet you have no retirement account and will blame other people for your mistakes any chance you get.

  • Brilliant!!! The man said what we need to pay our debt. Raise the taxes of the super rich & corporations so we can start paying our debt ASAP. Reduce military spending by 25% at minimum & reconfigure the eligibility of Medicare & Social Security so no illegal can benefit from it. Question?

  • @marco6981 don’t you know that if the U.S paid back all the debt that is owed and if people all paid their personal debts, there would be "little money in circulation?"

    To pay back all the money the U.S owes it would take $40k from every man, woman and child in the U.S.

    So a family of 5 would need to shell out $200,000 and a good portion of that would go to foreign countries that will probably not buy U.S goods. So Market collapse or war may happen in the future.

  • LOL Some of the other guys in the room were like STFU Buffet.....

  • @damulta Exactly, they were like, why are you letting the cat out of the bag.

  • "Intellectual dishonesty!" Wow Right on Warren!

  • why do we tax income?

    if you work hard you should keep your income.

    most people do not realise that the reason why it costs more to buy food and have a good life is becuase the federal reserve prints money and creates inflation.

    inflation is the cause of the problem. the federal reserve creates inflation.

    end the federal reserve!

  • As I said before, this man is a DemiGod. He likened the Aristocratic inheritance schemes that perpetuate over 95% of this country's wealth being kept in the hands of the few, to picking our Olympic team for 2030 by simply sending the children of our Current Olympic Athletes.

    It makes NO SENSE!  They haven't earned it! They don't "Merit" it! We are no longer a Meritocracy!

  • The last time we had "smaller, leaner government" we had wild fluctuations in the stock markets, outrageously high work-related deaths, child labor, snake oil salesmen pushing what was essentially liquor to "cure what ails them," 60- & 70-hour work weeks, a stock market crash in 1929 that nearly destroyed our entire economy, infected (salmonella, e.coli, etc.) food sold in markets and on the streets. Laissez faire capitalism works for no one but the obscenely rich. Oh yeah. That's all we need.

  • @rosaleee1

    thats what we had for 8 years.

  • 6 people must be greedy wall street scumbags who are destroying this country.

  • Comment removed

  • @soakbear You're a fucking idiot. 

  • @soakbear Wow you have no idea what your talking about... just sad. I feel for your lack of intelligence, good luck with life.

  • @soakbear here is one: firefighters. to contrast look at your private health insurrance companies and then realise the U.S citizens pay the most and receive the least. Look at the OECD study comparing nations healthcare systems. Banks? Fucked up the economy destroying hundreds of billions. Small government? a mountain of debt, basically belonging to china. And you want tax cuts? Leaner? Broke is the word you are looking for. Small government= more money for the super rich, less for the people.

  • Comment removed

  • @soakbear Private enterprise did such a great job that they pushed the world economy off a cliff and they had to be rescued by the government. What makes conservatives think that the same people that destroyed the economy could do a better job delivering the mail?

  • Comment removed

  • u go Warren!!!! Telling the truth

  • I don't see how giving the money to the government is going to help. All I've seen the government do lately with public money is bail out the rich and start two foreign wars.

    There is no free healthcare (like in every other modern, western state), no government investment in ultramodern information infrastructure. (A vastly more powerful internet with free wi-fi in all cities.) Education is very expensive compared to other western countries. No start up capital for 21st century enterpreneurs.

  • Does anyone know where can I find a transcript of this speech?

  • @camilocuesta

    Buffett supports violent killing of babies by donating $3 billion to abortion services:

    To see sheer brutality & violence imposed on unborn helpless babies during abortion please visit the websites that pop up when you type this into your search engine:

    1) abortioninstruments

    2) abortionNo

    3) Abort73 - look under tab "Abort73 Videos" - Scroll down & watch 13th video title, "This is Abortion"

    Embryo & fetus are human, not just "a blob of tissue" as commonly believed

  • @ProLifeChristian You're a nut job.

  • If there is a God, he will have a special seat for Mr. Buffet next to him in Heaven. What a breath of fresh air in the sad plutocracy that this country has become. 

  • @emzyking Buffett can donate his billions to the government or private institutions. But he has no right to make people earning 250,000 (or 1 million... or 2 or 3) pay more. This frivolous hyper-millionaire has nothing to do with hard working and successful medium-sized entrepreneurs.

  • @emzyking

    There is no SkyDaddy but Buffet deserves a clap and a pat on the back for for pointing out this injustice.

  • LEARN AND APPLY THEIR SECRETS OF WEALTH BUILDING !!

    30billionaireschangingtheworld dot kom 

  • a piece of shit.

  • 3.5 million dollars is too low a threshold if Buffet means to reduce the pernicious effects of dynastic wealth. I know men that have sacrificed their time, health and even their family life to accumulate wealth that exceeds that threshold. 3.5m is too low and inhibits productivity.

  • @kaziqbal I'm not convinced of your assertion. He's pretty old and he's very rich, so I don't see why he would waste his time flying from Omaha to Washington to try to make a little more money.

  • I am a supporter of capitalism in theory, but when a single hedge fund manager, in a single year, makes as much money as all of the New York City school teachers would make in 3 years, we have a serious problem with the system that needs to be addressed!

  • @incredulous007 Why?

  • @incredulous007 This is especially true when they work with other hedge funds

    to manipulate stock prices on the exchanges. This is what they are doing right now.

    The stock market is so overvalued, that the hedge funds decide who makes money and how much they make. The call it volatility. I call it stealing from the unknowing.

    They call it price discovery, I call it stealing. Who are they, who run the price of equities up to decide to test your purchase by driving the stock down. Say Ponzi.

  • Warren Buffett is an intellectually honest man, unlike so many of his financial peers and their sycophantic puppets. When the richest man in the world says 'the emperor has no clothes,' it shields the rest of us from accusations of class warfare by the upper class when we call them out on their greed and hypocrisy.

  • thank you mr Buffet...lmao...if you understood anything....the dog gets 10 million and you my fellow american get to feed him...lol

  • i am english learner from japan. i am interested in this video, but i can't figure it out by my english competence now. Could anybody do me a favor to translate it in english words and upload the translation-article here.よろしくお願いいたします。

  • The gap between the rich and poor widens? Warren buffett lost about 10 billions in the crisis. We have actually close the gap.

  • God bless Warren Buffett. To whom much is given, much is expected.

  • @kaziqbal he admits that he benifits>>so take the fuckin wax out of your ears

  • @jayhawk2680 wow really intelligent reply..I am guessing your a 19 year old accounting major

  • @RusselBertrand -

    I'm guessing you have never ran a business in your life nor have you created something out of nothing. Parasite, go back to your cubicle and enjoy that $30 k a year you make.

  • @jayhawk2680 lol thats where we got off track, I do not think more or less of a person if they do not run a business; It is not tied to my identity! You my friend are in the Illusion buisness!

  • what has he lied about? examples?

  • i understand you listen to the alex jones show, hell even i do, and i hear alex bad mouth buffet, i personally don't agree with it, and you shouldnt either unless you have proof of any misdoings or conduct on mr buffetts behalf

  • I hope the republicabs who believe that the rich pay the most taxes watch this video.

  • what?! what?! help the stupid uneducated nigger poor? no way, let them starve and die and then poverty will be solved.

  • @hummusbomb in your next life you will be a dung beetle

  • is it really a representative government of the people? Or a representative government of the rich? I know the president is challenging all these establishments and getting a lot of slack for it. We need to wake up to the truth and not what special interest groups weave.

  • your an idiot and that flew way over your head

  • @BATCH420. You are a moron; he's donating all his money to the Gates Foundation; which will undoubtedly spend the money more wisely/productively than any government ever could.

    If anything, estates worth 5M+ need to have the tax rates dramatically increased.

  • idiot You think him giving his fortune once will change everything. If politics doesn't change this will be an on going problem whether Bill Gates or Warren Buffett gives away their fortune. You're so selfish

  • Government is working for the rich you idiot, didn't you hear what he said. He's giving 87% or so to charity when he dies.

  • Why didnt Warren Buffett run for president of the U.S.? Telling the truth for once!!

  • If the second richest man in the world says it, then..... who cant?

    Its those nutjobs

  • Warren Buffett is the GREATEST.

  • Funny how all people are talking about currency and not the distribution of wealth

  • The rich get richer while the poor get poorer.

  • This is a fact? Why do you get so many "bad commets" Strange americans

  • God bless Warren Buffet! He's so damn rich he can get up there before Congress and tell the truth, unlike thousands of other pseudo-rich pansies who dare not speak what they know. Somebody send this video to Hannity.

  • @CribNotes

    Warren also forgets to mention that it is companies like his, who buy up family businesses who can no longer afford to operate once they are hit with the estate tax.

  • @ProLifeHelp You are also a nut job.

  • @CribNotes hes giving those billions away (99.5%) when he dies to charities too.

  • @TheCaptainLulz

    his money will do some good.

  • @CribNotes If Warren Buffet really cared, why doesn't he address the necessity to tax banks and end income taxes on the citizens? That would end the fraudulent usury system. But will he do it? No. Libertarians aren't half-asses like democrats are. Democrats say steal from the successful and give to the poor. The Libertarians say end the Fractional Reserve Banking System fraud and you'll end the problem. You can't solve the problem by cutting off the tail. You must cut off the head.

  • The top 2% of the country makes more money than the rest of the 98% combined, and yet they only account for a little over a third of the tax revenue. How is the idea of making that more fair somehow confused with Socialism? In what universe does that even constitute a rational thought?

  • @adam Thank you for speaking!!!!!!

    This is the exact kind of problem you wouldn't see in a Socialistic country.

  • I like this guy...his mannerism is calm

  • This would be what Fox News would refer to as 'socialism gone mad'...! If the second richest man in the world can grasp this very basic premise, then why are so many others so slow to embrace the idea that fairer distribution of wealth leads to better, fairer, happier, societies? Well done Warren.

  • Are you suggesting that Faux News is a propaganda station for the wealthy to further increase their power? I thought they were "fair and balanced"?  LMAO

  • fox noise...your daily dose of sean hannity kissing conservative ass and trying to impress Limbaugh. I saw hannity interview Limbaugh once...nauseating...like kissing the Godfathers ring.

    hannity thinks tagging people with locator chips is a good idea....spooky. can you say nazi???????

  • OMG of course Fox is totally fair, they are all about giving out and helping the little guys ........ they could almost be called Socialists  LOLOL

  • Amazing. Once you educate people, they can change their views/beliefs.  GREAT JOB Warren. Seems very christlike belief.

  • i have alot of respect for Warren for this. His personality is remarkable. Altruism at its best.

  • When Buffett talks about 23 million households that have less than $20,000 of annual income, he ignores the underground economy that is now both huge and not counted in any government statistics on income.

  • how do you tax this underground economy? a flat tax on everybody?

  • take the 800 billion stimulus package and just cut a check for 5,000.00 for every household and individual under150k a year. then destroy the federal reserve and back the dollar with either gold or even silver. the economy will not be fixed overnight but the economy should greatly improve by the end of 2009. we've coddled the fed and the super rich for too long. it's time to make america's money worth something.

  • The economic implications of a return to the gold standard are more trouble than they're worth.

  • Basing a currency on a mineral is about as primitive as using leaches to cure cancer. Just think logically for one second. Gold is currently at about $1K per ounce. If you took the price from '72 and adjusted for inflation it would be over $5K. Now imagine the US tries to buy enough gold to cover our 12 trillion debt. Supply and demand would shoot the price astronomically. Even if the price went to only $25K per ounce where would get & keep that much gold?

  • Let's say that there is that much gold in the world. (which there probably is not) Would we go to war to take the gold from nations that wouldn't sell to us? Would we tell all the makers of electronic & medical equipment that they can go to hell because we need to put it in a room and sit on it? If we tell our own people that money is only good if it is backed by Gold then all other nations would have to follow suit? Right? Then what, pull out the guns and the WMDs and winner take all?

  • look the fed is pumping out worthless money. the germans did the same thing and a wheelbarrow full of cash was worthless so people would only steal the wheelbarrow and leave the cash. we have money backed by nothing. maybe backed by thin air. there has to be a point where either the fed is shut down or we make coins maybe of silver and gold combinations[90% silver 10% gold] i know it's backing money with silly minerals but they have never been worthless. and audit Fort Knox allready.

  • Stupid people talk insensibly, not knowing they are talking about. Had you taken Economics 101 and an advanced Economics, you would know that the FED's principle is based on the ELASTICITY. What it means is that elasticity can induce buffering of the Economics' out of control expansion and contraction. And, this elasticity is pegged on the known fact of the time value of money, something stupids wouldn't know.

    Fixing value of money to existing quantity of gold would only set limitations!

  • hey constitutionart1 tell me where i can find some ELASTICITY my buddy needs to make a car payment maybe the bank will take some of that. This country was on the gold standard for a long time so why not give it another shot. when this lousy economy collapses people will be burning greenbacks and screaming for gold and silver. look up weimar republic Germany. since when did paper money become so all consuming for People?money backed by good intentions is not money.

  • nerdy! Pu-ha-ha! Contrary to your preferred YT-name, you aren't intellectual nerd but just nerdy. Econ101 and Advanced Economics are for MACRO-Economics. It deals with economics of a country and of the world but not your buddy's small-change.

    Now, using common sense, why don't you and your buddy go and become gold-minors instead of working for greenbacks? I hear California has another Gold-Rush. Or, demand payments in gold?

    Wealth(money) is not mined from the ground, and gold limits it!

  • I only took basic economics and slept through most of it. Anyway please explain[I am a simple nerd] why fiat money is so great. seriously why is it better than gold and silver that has always had value throughout time? would you rather have 200 pounds of gold or 200 $5.00 to put into your retirement? If fiat money is so great then why do China and Russia want many countries to switch to a precious metal standard? the fed is only a corporation looking out for itself.

  • Comment removed

  • First, you need to look up the definition of MONEY in a dictionary of Economics, which gives more technical definition than Webster's.

    Now, I never said that fiat money is BETTER than Gold or Silver. "Money" is only a form--whether in Gold, Silver, Fiat, or Clam shells--that both buyer and seller are willing to accept for goods or services they provide. Why? Because either party of them can get what they want with it.

    Can you recall any words to live by that your Mommy taught you?

  • I was raised by wolves.

    all I'm saying is that some real value for american money would be nice. woodrow wilson realized he messed up when he let the Federal Reserve get started.

    the fed seems to enjoy just cranking out more money hand over fist.

    onto other things...so exactly how much gold is left in Fort Knox? is that a state secret or something maybe I didn't get that e-mail.....

  • Who cares how much of gold is left in Fort Knox? You? Why?

    If we paid gold for the goods and services Japan and China provided us, right now they would be holding gold in their reserve instead of Greenbacks.

    I had a reason asking you for any words-to-live-by that your Mommy taught you, but apparently you didn't think it was a sincere question. Tu-Shay...

    Define "real value for American money." What is money to you? Some society considered man's word backed by his honor as Money.

  • to be honest my parents never taught me much of anything but I still love them.

    It just bugs me because it's supposed to be OUR gold. AMERICA's gold. if some group of terrorists when in and stole half of whatever is left inside it would be pretty bad. it seems like it is SUPPOSED to be for america's needs and maybe[call me crazy here] for the emergency needs of the american people.

    and where exactly [to another point] is this UNDERGROUND economy and are they open on Sundays?????

  • Let's close on the issue of your parents, because I wasn't trying to insult you or your parents; but, somehow, you seem to be spinning my question to that (defensive to presumed insult) direction.

    We got our Greenbacks for something to call as OURs for America's needs and for emergency needs of the American people. Why are you hung up on gold? When clam shells were used for money, gold was insignificant. Gold had been used as money for a period. It isn't, now. Get over it, "simple nerd."

  • @CONSTITUTIONART1 wow, how old are u pal. ur very spot on, dont see much guys like you on here

  • @clikityclankz Um..., age is neither a determiner nor an indicator for being "spot on," but the level of education in Economics, especially in the branch of Macro-Economics.

    What of my comments appeared to be "spot on" to you? If I knew that, I should be able to reply to your question with more relavance.

  • @CONSTITUTIONART1 of course i know age has nothing to do with it pal, i was just wondering if your a young guy, cuz kids don't tend to know the stuff your talking about. and i also know quite allot about economics aswell,i mostly major in capital markets tho. and i was referring to the comment of when you said money should not be tied down to gold or they would be limitations.

  • @CONSTITUTIONART1 . i was suprised someone other than me actually knew that.seeing as most comments i read go something like "our money is is worthless, just fiat currency with no value". to me sounds like they've seen some alex jones films, and now have delusions of grandeur , being that they have some superior knowledge.robert kiyosaki makes nixxon sounds like a bad guy for what he did in 1971but i know exactly why nixxon cut the dollar in gold in 1971 , he had no fucking choice.

  • @clikityclankz Good that you and I see the same on Fed's role. Two additional things(Alex Jones-delusions of grandeur, Robert Kiyosaki-Nixxon-1971) to elaborate. Although I have no evidence to support my assertion, I think Alex Jones' mop is a propagana group, but he isn't a complete air-head. That is, he deliberately targets those minds that are untrained in Economics, with contentless and empty words to illude grandeur. On Robert Kiyosaki, let me get back to you after some research.

  • @CONSTITUTIONART1 yes, he shares his sentiments on nixxon in his books, "who took my money" and

    "conspiracy of the rich". they are fun reads , but some of the stuff mentioned in the books are indeed misleading

  • @clikityclankz I don't think you know how to convey your thoughts to someone who do not share the same brain with you. My such conclusion is based on your inability to detail in support of your opinion or assertion. As an example, in above first sentence, you mentioned of "his sentiments," but it isn't elaborated enough for your reader to understand what you meant by "sentiments." In the second sentence, your opinion on "stuff" and "misleading" isn't detailed for your reader.