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Agree. Only the cynics would vehemently disagree. Buffet's balanced views are far more worth listening to these ten-a-penny pundits. Moreover, he acutally practices waht he preaches. The doomsayers here have already lost 60% this year.
It is IMPOSSIBLE to save, under a Federal Reserve System.
The Debt Syndicate SYSTEMATICALLY plunders the wealth of nations under its thrall, and hands that out that stolen loot to a gang of mass murdering War Criminals.
Wage, pension & clearing funds DO NOT EXIST in a system of irredeemable debt currency, under a fraudulent fractional reserve theft system.
There is no money, therefore there is unable to be any savings.
Watched it. Usual Austrian school guff (I studied that simplistic theory at Uni). Also read the comments alluding it to nutter Glenn Beck. Ideologues are dangerous. Again, learn from history. There is no magic bullet. Schiff has attractive but flawed prescriptions. A depression has been avoided by Government intervention (saving Lehmans in the first place would have saved us from the current pain) however much you hate Govts. (See the Economist). Even Adam Smith wasn't as blinkered as you are.
@dams66black Well la dee fricken da for you! You are so smart! "I studied that simplistic theory" "See the economist" Are you kidding me! Could you be a more stereotypical latte sipping leftie?!
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Either way you lose, which one sucks less?
The Debt Syndicate SYSTEMATICALLY plunders the wealth of nations under its thrall, and hands that out that stolen loot to a gang of mass murdering War Criminals.
Wage, pension & clearing funds DO NOT EXIST in a system of irredeemable debt currency, under a fraudulent fractional reserve theft system.
There is no money, therefore there is unable to be any savings.
There is only debt, and death.