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Sunday, November 22, 2009

Warren Buffet: Squanderville vs. Thriftville

Borrow to spend like the debts won't be repaid forever. That's how we got here. That's how the US, the world superpower, jeopardizes its own currency and subjects its national security to foreign trading partners.



Also read Paul Samuelson's warning on the US dollar
and Julian Robertson on "How we put ourselves into this terrible position".


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