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Monday, March 07, 2005 - Posts

ThisIsAConservative

posted Monday, March 07, 2005 12:48 PM by hussain
"This force-feeding of American wealth to the rest of the world is now proceeding at the rate of $1.8bn daily."

Mr Buffett said in the last 10 years foreign powers and their citizens had accrued about $3 trillion worth of US debt and assets such as equities and real estate. At current rates, he predicted that in another 10 years' time the net ownership of the US by outsiders would amount to $11 trillion.

"This annual royalty paid [to] the world would undoubtedly produce significant political unrest in the US. Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an 'ownership society' will not find happiness in - and I'll use hyperbole here for emphasis - a 'sharecropper's society'."

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Thanks, Ian. What'll it take for Americans to start buying back America or are we operating on the premise that if everyone has a stake in our ownership society, they'll be less likely to want to tear us apart? We've supposedly got a booming economy, even though the interest rates are going up and OPEC wants to peg oil prices to the Euro, yet we're sharecroppers to the currency speculators out there. Hate the game, player.
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Vertigo

posted Monday, March 07, 2005 9:10 AM by hussain
"And although it seems unlikely that Bono will get the job, on Sunday, Treasury Secretary John Snow said that he has not ruled out the idea of the singer being added to the list of potential candidates for the leadership of the World Bank.

According to an Associated Press report, Snow said, "I am not going to review here all the candidates that are on the list. But I will attest to my admiration for Bono. He does a lot of good in this world of economic development. Most people know him as a rock star — he's in a way a rock star of the development world, too. He understands the give-and-take of development. He's a very pragmatic, effective and idealistic person." "

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"uno, dos, tres QATARZEEEEH" - Bono, counting money in the World Bank vaults. I have vertigo. I'm well intentioned, I donated to tsunami victims, make me the head of the World Bank. Seriously people, get a grip.
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