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Buffett Says Federal Debt Poses Risks to Economy

2.2K views 13 replies 9 participants last post by  411man  
#1 ·
#10 ·
Do not miss my point.

My point is to demonstrate the surging number of open public sources reflecting what several private and confidential sources have been warning for a good while.

For example, for the Doubters the Royal Bank of Scotland who on June 19,2008 warned of the coming NYSE crash has issued yet another warning for 2009.

http://www.survivalistboards.com/showthread.php?t=70519

While we are on the subject of the Obvious, how about all the times when the sources I have posted turned out to be correct none of the nay sayers, complainers, trivializers, etc. ever posted a single admission they were wrong ????? :confused:

I'm still waiting for the large number of posters across the WWW who owe appologies to those of us who have done our best to give advanced warnings on major events to MAN-UP ! :mad:

Well, IMHO this time around its going to get real ugly and last a long time ( as in years ). Why do I say that? Because the experts are saying that.

Come to thing of it, claiming the experts are incorrect is just a little egotistical, isn't it. :eek:

This is one site where a minimum of such behavior occures. That of course is because the vast majority of members and readers here are very serious about seeking information which assists in preparing them for known and unknown threats not to forget saving big dollars and acquiring things soon to become unavailable.

It is for their benefit such warnings are posted.
 
#7 ·
Buffett is being responsible here. He's saying that overspending will likely send us tumbling again, but in a careful way. He knows how widely spread his words are, and the kind of effect that can have.

If he told everyone that the economy was gonna fall off another cliff tomorrow, it'd happen just because people would assume he's right, and it'd become a self fulfilling prophecy.

His being subtle is his exercise of responsibility that comes with the power he holds.
 
#8 ·
The problem is that one person like Buffet can sway the market just by his advice. The Federal Reserve also has this power and dont care to abuse it. Of course debt this huge is a risk to the economy, both ours and the world. Its these wormy bastards that loophole their way to being rich and screwing the working man out of a simple living. The overall market is a gamble anymore. One day the economy is recovering then the next day unemployment goes up, its neverending bulls**t and a way to control our lives. I quit watching mainstream media last year but who can you trust today?
 
#13 · (Edited)
Let me repeat; if one does not measure their survival supplies in Tons, then one is not prepared to survive a one or more year term threat to a life sustaining existance.

Think a minute; how much a year or two's food for a group of 4 -6 people would weigh? How about the cooking gear, water purification and storage, defense tools, gardening tools, clothes, hygene and sanitation supplies, medical, and on and on weight would add up to?

That's right, TONS.