Warren Buffett - Can We Trust Goldman Sachs?

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The public was terrified in 2008, and that spilled over into the economy. The government saved everyone. They took action, and people needed to know that the government was going to help them out. The demand is coming. March and April were strong, and when demand comes employment follows. Rule of Law, equality of opportunity and the market system are what is great about America.

We are exporting 12% of GDP, and there is nothing wrong with that. This country works, and it will always work. You can run modest deficits, but you can't run large deficits for a long period of time. Trust comes back slowly. Fear comes on fast and confidence comes on slowly. The United States lost trust in Goldman Sachs. They just need to get it right and get on with it. They need to get the factual story out there. There is no question that if you miss a news cycle, then you have a lot of catching up to do. Everyone in America thought that house prices couldn't fall off of a cliff. America is still a work in progress.

Category:

News & Politics

Tags:

• Warren Buffett
• Investing
• Treasuries
• Gold
• Silver
• Dollar
• Federal Reserve
• inflation
• interest rates
• capitalism
• free markets
• austrian economics
• benjamin graham
• value investing
• bershire hathaway
• stocks
• goldman sachs
• government intervention

[GarretSlarrity]

I really hate to do this, but I am about to question the words of a very wealthy person. When Buffett said that coming out of World War 2 our debt was 120% of our GDP, and now the debt is about 60% of GDP, he is forgetting that during World War 2, most of our debt was owned by US citizens through the sale of bonds. We were also the biggest creditor. Today most of our debt is held by foreign nations, and of course The Federal Reserve.

[KingsWorld2010]

Do you trust Goldman Sachs? - "yes absolutely" - what a stupid question, the guy has 5 billion dollars at stake, of course he's gonna give a positive answer. They should have asked the same question to Gaddafi before he was killed! lol

[Ganseblumchen12]

Warren Buffett, Bill Gates, David Rockerfeller....They're bunch of eugenicist.

[ebola92]

@netherwind2008 Friend, printing money means leveraging inflation. The foreign investor loses value and you, citizen, lose your purchasing power. Both of you become eventually poor because the currency you own worth less than yesterday - if not nothing. Not saying that this kind of money-printing policy harms the trust the world puts in our nation, and therefore the amount of money they inject in it. So think twice before you speak.

[199gSauerkraut]

"Give me control of a nation's money and I care not who makes her laws."

Mayer Amschel Rothschild

Today have bankers more power than politicans.

Politicians are elected by the people, after the successful election can bribe them to

of firms and banks and make lobbying.

This world needs more incorruptible idealist in politics, there are simply too few . What counts is only money, that makes me sad.

[yasirjamal285]

"but I am sure that foreigners and the Federal Reserve certainly account for a larger portion of the debt than in 1945." that's not true

[Gago559]

yeahh :))

[GarretSlarrity]

@hyruleking1 I don't know the exact figures, but I am sure that foreigners and the Federal Reserve certainly account for a larger portion of the debt than in 1945.

[hyruleking1]

@GarretSlarrity That is not true most of our debt is owned by our own citizens, soc-security, senior citizens etc. of the 14 trillion bucks only 1.5 trillion bucks are owned by chinese and other foreign entity's...... do not question W.Buffet.

[TonyBeanify]

@zebbedi You can't make up figures? Come on, Government had done that for years.

[GarretSlarrity]

@netherwind2008 Eventually your creditors would get sick of losing their investment to inflation. They would dump the bonds and move the money to an inflation protected asset.