Warren Buffett on Money Supply
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Self regulation will work if people are honest (Are they? Maybe some, but to few) and if people have a good insight into themself (Do they? Maybe some do, but to few). Conclusion: in general (although it would be ideal) self regulation will not work.
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@sanarkhos How can you say: "The only form of regulation that works is self-regulation," Come on you are not serious, or maybe plain stupid. (Get real).
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Why did he donate to Obama and support Obama if he knows our currency is shit?
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Ron Paul's bill to audit Federal Reserve' (missing) gold stockpile!
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I don't even know why I read the comments on youtube. f'ing idiots
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Not protectionism, leveling. We cannot have one sided trade deals and we must take in account the labor cost compared to slave work dorms of Communist China. There is simply no way to compete with essentially slave labor without leveling via quotas and tariff's abroad, and tax insentives and possibly include some subsidies for production in the US. Use such tools to fair up trade between countries of very different economic structure.
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For him it might be.
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No protectionism! But letting prices fall would be very good.
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Told the FED to regulate when they caused the boom and bust to begin with.
The only form of regulation that works is self-regulation. We can't withdraw from this dollar ponzi scheme, and that's why we're all fucked!
sanarkhos 2 years ago 14
Economic recovery from 2001 recession was fake, based on credit over leveraging. All went into housing markets that then dispursed to consumer goods, appliances, services industries, and even autos. The fog has been lifted, its now time to pay those debts-- consumers are now busy paying this off. Means less spending. Even banks went overboard. We need a true recovery: Monetary we need to allow pirces to fall. Economically, US must protect from importing goods/services.We'd recover :)
jmitterii2 2 years ago 2