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Squanderville vs. Thriftville
Using animation, Warren Buffett eloquently explains in just more than two minutes why trade imbalances lead to serfdom. Put differently, and in the context of President Obama’s visit to China, “Thriftville” owns “Squanderville” in the endgame, as he explained in “I.O.U.S.A.: One Nation. Under Stress. In Debt“. Source: YouTube.com, November 16, 2009 (hat tip: Wall St Cheat Sheet). More on this topic (What's this?) Obama jizzed on in Alaska! (Video) (The Political and Financial Mark..., 9/3/15) Libs finally catch-on to Obama but it's way too little way too late! (The Political and Financial Mark..., 8/21/15) China clocks a humongous $60 billion in annual solar manufacturing output beating USA and Europe (Green World Investor, 9/2/15) |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)  (requires Windows Media Player) 
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By Prieur du Plessis, on November 20th, 2009 posted in: 
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