Quote:
Originally Posted by HardDrive
What kills me is how obvious it is. Its plain as day. The ship is sinking, and the passengers and crew are arguing about how to arrange the deck furniture. I simply can't understand it.
|
Yeah, but for those who see the obvious, are we prepared for massive devaluation of our currency? Do we delay the purchase of the Ducati, choosing to stock up the bunker and attain full self-sufficiency?
I could divert funds to a solar PV system, install a well, and dice up an acre of the lawn, cultivate and plant with food crops, but I don't. Is it an innate desire to be optimistic? An unwillingness to accept the possibility of a dire future?
dueller, right on. Buffett was railing on about financial weapons of mass destruction. That pig went even deeper into Wells Fargo when the market cratered, banking on the bailouts. Now, we have even greater concentration amongst financial institutions. Derivatives are still alive and will rise again. WB sold out to make a buck. Buffett cares not what I think, but he lost a good measure of my respect.