Warren Buffett addresses the US economic recovery and the current debt crisis at the 2013 Fortune Most Powerful Women Summit in Washington, D.C. Click here to subscribe to Fortune's RU-vid channel: bit.ly/1cuOu5c
VIDEO: Warren Buffett: Get the Debt Ceiling Out of the Picture - At Fortune's Most Powerful Women Summit, Warren Buffett continued to warn against a debt default #FortuneMPW #WarrenBuffett
to beloved warren Not enough My gratitude for the cause of your golden heart. too much and yes I will taste The rich life you told me thanks god bless you god I pray give you more Long life and many years we will meet soon You are so happy you team .thank you god bless
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30:44: Alas, he doesn't answer this question. How would Warren Buffett address what economist point out to be a major deficit in economic care for the elderly? It's as if he heard that question looked around and said, "You're not talking to me right? I'M NOT EIGHTY! I'm rich and feel great!" That was a bit disappointing. He seems to be saying, "The government will take care of the elderly.They'll figure it out." Alas, they don't seem to be figuring it out.
Question for those who know investing: If Berkshire H., hypothetically, loses all it's "market" value from it's current "selling" price from billions of dollars to "0" (zero) dollars, how much money do you think Warren would actually lose? Answer) $100
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14th Amendment of the United states Constitution explicitly states that Congress shall pay the interest on our debt in priority over any and every other expense. The debt limit would not, if the point of law the government is bound by is followed, cause a default on our debt. It would, however, force Congress to make extensive cuts elsewhere. If we spend more than we take in, we need to spend less.
+jererox Yeah thats easy. suppose the during a generation of say 20 years, the gdp increase 2% whilst the population increased one percent,. after twenty years the per capita gdp has an increase of about 21.78 % then there are the intangible and abstract things, such as smart phones that cost less both numerically and via in comparison to wages, than did the first "tennis shoe sized cell phone" of the 80s .....if only i could work with Mr. Buffett.......that would be amazing
A looooooot of people would be unemployed if the government cuts back significantly on spending at once. I believe they are the #1 employer in the country.
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"in 1790, population of China was 300 Million, and population of America was 4 Million".......that's 75 times the population... 220 years later... today... i quote Mr. Munger ,"learn the method of learning".....
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Brilliant - the Emperor is free to go - while the New Clothes are held for further questioning (due to their belligerence in not answering officer's questions) - and Warren wins the US's most powerful woman award
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I think you're totally right. I live in the ghetto and I still roll up with my doors locked. You'll see when you're older that it's better to be safe than sorry
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