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Thread: The truth about rising gas prices, the stock market, & Warren Buffett's taxes

  1. Default The truth about rising gas prices, the stock market, & Warren Buffett's taxes

    [ame="http://www.youtube.com/watch?v=eQYy25kLijA&feature=g-u-u&context=G2f7dc6eFUAAAAAAAAAA "]The truth about rising gas prices, the stock market, & Warren Buffett's taxes - YouTube[/ame]

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    I especially like his comments about gas prices and the stock market.

  3. #3

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    Have you seen Obama's latest budget proposal?
    Spend, spend, spend!!!
    Civil debate is expected.
    Fair warning: trolling and personal attacks will get you nowhere, and I will report you
    .


  4. #4
    england us georgia
    Location: Brighton , UK
    Posts: 4,298
    Blog Entries: 2

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    Uck Warren from my point of view . That is primarily an internal US Tax matter .
    But the first half was solid . What I would have liked him to do was finish the argument .
    He showed -- as we know -- how Gov't spending is the driver behind inflation but he was not man enough to address the situation of them cutting back hugely on spending and printing new money .
    That also leads to a death scenario , and supports the point which I preach ad nauseam -- there is no way to stop a humungus crash -- just a single way of delaying it awhile

  5. #5
    england us georgia
    Location: Brighton , UK
    Posts: 4,298
    Blog Entries: 2

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    Quote Originally Posted by Trinnity View Post
    Have you seen Obama's latest budget proposal?
    Spend, spend, spend!!!
    It's the Death Spiral .
    Poor guy , Buggered whatever he does .
    Last edited by raymondo; Feb 28 2012 at 08:35 AM.

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    as congress spend spend spend, I buy buy buy.....gold that is

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    People don't get the currency crisis that is inevitable. It's a race to the bottom because the current reserve is the dollar, and its going to fall.

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    Quote Originally Posted by Drago View Post
    People don't get the currency crisis that is inevitable. It's a race to the bottom because the current reserve is the dollar, and its going to fall.
    yet the fools still hold dollars instead of gold

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    Quote Originally Posted by Drago View Post
    People don't get the currency crisis that is inevitable. It's a race to the bottom because the current reserve is the dollar, and its going to fall.
    That is just it.....it is too late now to do anything about it because what needs to happen would cause a collapse worse than 1929. However...if nothing is done it will be even worse. It is truly a (*)(*)(*)(*)ed if you do...(*)(*)(*)(*)ed if you don't scenario. The politicians are kicking the can down the road so it doesn't happen on their watch. Any smart politician would NOT want to be the president when it happens. I know I wouldn't because he will be forever linked with total collapse of the dollar.

    I am shocked more people haven't picked up on what is coming. It is not like the corporate owned media are going to send you a warning. You are not going to get a message via the emergency alert system....that the dollar is about to crash. It will just happen...AFTER all the people in the know have converted their dollars and other paper assets into hard assets such as gold and land and probably out of the country.

  10. Icon15

    Inflation rearin' its ugly head...

    Gasoline pushes up US inflation, dents confidence
    Fri Mar 16, 2012 * Consumer prices up 0.4 pct, largest rise in 10 months * Gasoline accounts for more than 80 pct of CPI rise * Core CPI muted, showing lack of broad price pressure * Consumer confidence slips in early March on gasoline
    WASHINGTON, March 16 - U.S. consumer prices rose the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up. Surging gasoline prices put a small dent in consumer confidence early this month, other data showed on Friday. Still, Americans do not believe the sharp run-up in prices will last. The Labor Department said the Consumer Price Index rose 0.4 percent in February after advancing 0.2 percent in January. Gasoline accounted for more than 80 percent of the rise.

    Stripping out volatile food and energy costs, the so-called core CPI edged up just 0.1 percent. "Consumer purchasing power, at least for the next few months, is going to remain pressured by rising gasoline prices," said Sam Bullard, a senior economist at Well Fargo Securities in Charlotte, North Carolina. However, he said a trend toward lower inflation was still in place. Consumer prices rose 2.9 percent last month from a year-ago, unchanged from January but down from a peak of 3.9 percent in September. The core index was up 2.2 percent over the 12 months through February, slowing from 2.3 percent in January.

    The Federal Reserve said on Tuesday the recent spike in energy costs would likely lift inflation only temporarily. Over a longer horizon, it said inflation was poised to run at or below its 2 percent target.

    GASOLINE HURTS SENTIMENT
    See also:

    Inflation: Not as low as you think
    February 29, 2012 - Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.
    The not-for-profit research group measures inflation without looking at the big, one-time purchases that can skew the numbers. That means they don't look at the price of houses, furniture, appliances, cars, or computers. Instead, AIER focuses on Americans' typical daily purchases, such as food, gasoline, child care, prescription drugs, phone and television service, and other household products. The institute contends that to get a good read on inflation's "sticker shock" effect, you must look at the cost of goods that the average household buys at least once a month and factor in only the kinds of expenses that are subject to change. That, too, eliminates the cost of housing because when you finance your home with a fixed-rate mortgage, that expense remains constant until you refinance or move.

    The group maintains that this index better measures the real-world impact of price changes, particularly for people on a budget. And, largely as the result of the recent run-up in gas prices, this "everyday price index" (EPI) suggests that Americans are being pinched far more tightly than the official inflation measure would have you believe. Over the past year, the EPI is up just over 8 percent, according to the economics group. The biggest factor: Motor fuel and transportation costs are up 21.06 percent from year-ago levels. The cost of food, prescription drugs, and tobacco also have increased faster than the government's inflation measure, rising 3.56 percent, 4.21 percent, and 3.4 percent, respectively.

    On the bright side, prices of household fuel (natural gas and electricity) and supplies have increased only 2.74 percent; recreation and personal care products are up less than 1 percent; and telephone or Internet services are down 0.66 percent. Admittedly, the purchases that the EPI tracks make up slightly less than 40 percent of the average household budget. But Steven Cunningham, research and education director at AIER, says these items are what contribute to the "sticker shock at the gasoline pump and the supermarket check-out line."

    Source
    So here is my suggestion: Forget bombs -- we should drop Obama administration policy makers on Iraq and Syria. That would ensure the ruin of the Islamic State in no time!

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