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Why the Budget Matters and How it effects each of us!
The Federal Budget and Deficit - Revealed
Entitlement Programs - The Reality vs. The Myths
Federal Revenue by Taxes and Payers by Employment
Summary and Sources
Famed billionaire investor Warren Buffett warned investors of the dangers associated with gold and bonds in his recent annual letter to shareholders.
Buffett criticized them for investing in an asset that is "neither of much use nor procreative." Buffett said that gold investors were mostly motivated by a fear of of almost all other assets and a belief that the number of investors who shared their fears would grow. He said that the rising price of gold attracted investors who saw the rising price as a validation of the gold enthusiasts' investment thesis. Buffett went on to warn that gold's “bandwagon” investors were in danger of creating another investment bubble, saying that "over the past 15 years, both Internet stocks and houses have demonstrated the extraordinary excesses that can be created by combining an initially sensible thesis with well-publicized rising prices. In these bubbles, an army of originally skeptical investors succumbed to the 'proof' delivered by the market, and the pool of buyers – for a time – expanded sufficiently to keep the bandwagon rolling. But bubbles blown large enough inevitably pop."
Originally posted by okyouwin
reply to post by Wrabbit2000
You have a lot of stuff here. I can't believe the effort involved just to find those charts let alone copy and paste them. And if you made them yourself, well hey buddy good work.
Exponential growth in the numbers makes the numbers meaningless. and this is bad because the numbers are the basis of our money system They have now become meaningless. They count for nothing. New numbers must be found to start anew.
This transition is going to be difficult.
Originally posted by Mickierocksman
Can you (or anyone) please explain to me how your economy with over 16 Trillion in debt can be made financially viable & how it can even think it can continue on the road its on?