[video=youtube;c_HQjDr72FU]http://www.youtube.com/watch?v=c_HQjDr72FU[/video] Buffet wrote a column on how bailing out mutli millionaires and billionaires was actually "good" for the American People, a notion Schiff concisely rebutts.
Chinese hoarding...guess they like Pugsley too. Schiff was way to hard on Buffet and the millionares and billionares. I mean all those guys have to be suffering as much as Buffet...worth 60 billion in 2008 and half that now. And that comment on GM IPO as stock fraud is one of the stronger ones I've seen. Schiff must hate America. If Berkshire-Hathaway failed they should have let this happen and sold off all their companies (Geico, Fruit of Loom, tec.) if they are not able to stay solvent. To big to succeed? Really hating those words "to big to fail".
Eshlemon, sometimes I feel pity for Americans for "us". We have never been through a currency devaluation, we have not experienced food price inflation since the late 70's, very few Americans recognize what Gold is, and is not, as a hedge against the Central Banksters plundering wealth via inflation. The vast majority of Americans believe (imo): -Buy a home it is a good investment -park money in a retirement account, long term. -the Govt is not robbing the value of their money via inflation
