Warren Buffett: “There’s No Way You Can Bet Against America & Win”
(5/4/09) [Part 1/2] Becky Quick interviews Warren Buffett outside his Omaha home.
Side Note: Could Buffett’s quote about betting against America apply to George Soros?
(Part 2): http://www.youtube.com/watch?v=kkbxBVlQadc
Buffett comments on various headlines in that days news:
–Buffett’s take on the Future of America over time (0:23)
–Chrysler Bankruptcy aftershocks & unintended consequences (3:45)
–Buffett on Corporate Tax increases: “One way or another we’re going to need more taxes down the road, there’s no magic wand on this, then the question is who they should come from…it’s a question of who gets socked and when.” (6:33)
–Sen. Judd Gregg: What do you do about the debt? (7:59)
–A jobless recovery? (9:38)
Background Article: “Firms Face New Tax Curbs”: http://online.wsj.com/article/SB124140022601982149.html
Video: CNBC
Duration : 0:10:58
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Tags: Against, America, American, Balance, Bankruptcy, Barack, Becky, Berkshire, Bet, Buffett, Buy, Chrysler, Cisco, Clone, CNBC, Corporate, Corporations, Debt, Deficit, Don't, Economy, Employment, Expenditures, Future, GDP, george, Government, Gregg, Hathaway, Inflate, Inflation, Interview, Jobless, Jobs, Judd, Obama, Omaha, Oracle, Percentage, Please, Post, Quick, Rate, Ratio, Recession, Recovery, Revenues, Sen., Senator, Soros, Tax, Taxes, this, Turnaround, U.S., Warren, Washington, win
March 9th, 2010 at 2:37 pm
@jossr2010, Remind …
@jossr2010, Remind us, again, how the Royal House of Bush is STILL in charge just like Caesar, right?
Go back and ‘listen’ to what WB said, don’t just ‘hear’ it.
March 9th, 2010 at 2:37 pm
The negative …
The negative mindset is a natural event regardless of the media source. Television and the internet are the voice of the day. Newspapers and radio served the same function in the 1930′s. They are merely reflecting the mood of the people. The mindset of the population has a natural rhythm that swings from positive to negative. It’s always been that way.
March 9th, 2010 at 2:37 pm
Remember citizens …
Remember citizens of Rome there is no way you can bet against the Roman empire and win! I mean who is going to replace us, the barbarians? Impossible.
March 9th, 2010 at 2:37 pm
@BetoG34
u are one …
@BetoG34
u are one of those loser that think Titanic was unsinkable. hahahaaaaa. by the end of Obama Administration u will see how bad the economy will get.
just remember me who warmed u of the economic collapse. this is about fact and reality. this has nothing to do with negative thoughts. i am done arguing with u.
March 9th, 2010 at 2:37 pm
your a true loser, …
your a true loser, people cant argue with losers like you. your the time that must give up on everything you start and listen to all the negative things people tell you. there were people like you in the 1930s and there there will always be, its normal for like you to be around and give up, your just another 1 of those that WILL be proven wrong, America will be on top again… o wait we are on top. there has always been things like IOUSA negative things only praise.
March 9th, 2010 at 2:37 pm
youtube has a video …
youtube has a video called “IOUSA” search it. it is a documentary done by a government employee. he was the head of the Government Accountability Office of Congress. like u don’t use google. now it is a good time to learn how to google. u can also video google “IOUSA” too.
March 9th, 2010 at 2:37 pm
youtube does not …
youtube does not allow website link in the comment box. u can google “total liability of U.S. government”. the entire world GDP is 57 trillion dollars and the U.S. liability is over 100 trillion dollars with only 14 trillion dollars GDP. there is no way to pay off the debt. the world is suckered into thinking the U.S. treasury bonds is good. good for what? nothing. america only borrow and consume. we don’t produce much anymore. suck it. hey asshole, use your brain.
March 9th, 2010 at 2:37 pm
you giving me the …
you giving me the website does not make what you say true. the US is spending a lot per day and there is a huge debt, but nothing to the numbers you just stated. you stated 123 trillion, did you that the whole world doesn’t have that money? this debt is a joke, there are going to be lot of miserable people out there like you that are just going to go around telling everyone how doomed they are, you know like you.
March 9th, 2010 at 2:37 pm
again, what part of …
again, what part of treasury website don’t u understand? u are one dumb ass. let me help u with the website address:
treasury. gov
that is so easy even a jackass can do it.
March 9th, 2010 at 2:37 pm
those numbers are …
those numbers are from the U.S. government. do u know that the U.S. Treasury has a website? of course not. u are a lazy jackass to even type it in your browser.
if america is all so rich how come it has to borrow 5 billion dollars each day just to keep the light on?
March 9th, 2010 at 2:37 pm
what part of your …
what part of your did you pull those numbers from? lol America has had much worse, the problem is that the media and internet makes this situation worse by giving the American people a negative mind set, which make them feel doomed, but they are fine and America will be back on top… o wait.. we are still on top. some thing we dident have in the 1930s.
March 9th, 2010 at 2:37 pm
The difference …
The difference between our tough times in the past and right now is that now people are so freaken pc that even religious people are afraid to give God the glory and so America is tanking and will tank as long as we concern ourselves with the rights of perverts to redefine marriage and atheist to freak every time “God” is mentioned.
March 9th, 2010 at 2:37 pm
lmfaoo…..never …
lmfaoo…..never bet against a country doesnt even make its own toilet paper let alone automobiles? are you kidding me? Sure, keep waving your flag & chant USA USA USA while China keeps dumping the dollar while buying gold & silver, go right ahead.
March 9th, 2010 at 2:37 pm
You cant predict …
You cant predict the future, also America didn’t come out of the war unharmed. Lots of American soldiers didn’t come back, and the American government ended up with a gigantic debt, without awareness to solve this debt in each oncoming government at least 1/3 of the annual budget should be used to solve the debt, otherwhise the next government is just going to inherit the previous debt or malicious money handling from the previous presidents, that way america will never come out of depression,
March 9th, 2010 at 2:37 pm
People are right to …
People are right to point out that in the long run america has come out on top surviving depression, world wars etc. Butremember this : there were only a handfull of economic powers until recently ie. USA UK France Germany Japan Italy and maybe Russia. After ww2 all of the above were badly wounded except America.Whats different now is that there are emerging economic powers like China India Brazil plus many smaller asian countries. Unlike post ww2 America now has lots of competition.
March 9th, 2010 at 2:37 pm
only stupid people …
only stupid people see fear. i see fact. get your facts straight. go read peter schiff’s books and u will understand more. u live in a world of fear. LOL
March 9th, 2010 at 2:37 pm
clinton removed …
clinton removed Glass-Steagall Act. this act prevented the merger of commercial and investment banks that cased the great depression. once that act was removed we were back to pre-great depression.
america had only 5 investment banks. they’re over 100 years old and survived WWI, WWII and Great Depression. now they are all gone in just one year–2008.
clinton balanced the budget because in mid-1990s we had internet and technology boom.
i never voted democrats nor republicans.
March 9th, 2010 at 2:37 pm
U do realize that …
U do realize that inflation is a debt burden’s government friend right?
On 1 hand you say, ZOMG the debt is so many dollars…then on the other hand you say, ZOMG the dollars aren’t going to be worth very much.
Clinton was the only president in a long time that did balance the budget…why hate on him? If anyone, you should be hating on Bush.
(I’m a libertarian fwiw)
March 9th, 2010 at 2:37 pm
blah blah blah… …
blah blah blah…I’m full of fear….blah blah blah
That’s what you sound like Khmer…America has come out of MUCH worse situations…we’ll get out of this.
March 9th, 2010 at 2:37 pm
only NOBODY LOSER …
only NOBODY LOSER like you don’t understand america is in huge debt. do u know that america has $123 trillions, that is trillions of liability. america has around $700 trillions of derivatives at it peak. how are u suppose to pay all those? even if u are to liquidate all USA, it is still not enough. learn it, know it, remember it.
real unemployment rate is around 18% and losing jobs everyday. u need to get an education and not just run your mouth saying crap like clinton saves america. LOL
March 9th, 2010 at 2:37 pm
What clinton did in …
What clinton did in his private is his business and i don give a damn.But what he did as the President in term of economic growth improve the condition of the people around the world is paramount important.You will end losing o bet againts America and the world doesn’t give about you..!The loser..! You are NOBODY…!LOSER,,,!
March 9th, 2010 at 2:37 pm
and u believe that …
and u believe that liar clinton? “I did not have sexual relationship with that woman.” hahahaaaaa. i bet u believe everybody anything they say.
clinton hired larry summers to run the treasury and he caused the bubble derivative market. now we are in a mess. remember clinton removed the glasse-steagal act. that act prevent wall street from gambling with depositors’ money. u don’t known anything.
March 9th, 2010 at 2:37 pm
I bet “America will …
I bet “America will stand tall again”.-Clinton
March 9th, 2010 at 2:37 pm
Base on impression? …
Base on impression?Basic instint or i call the hunter instint.
March 9th, 2010 at 2:37 pm
Warren knows better …
Warren knows better than you.America rule by the smartest brains that is the jews and are known rule the world by the proxy.Don’t bet againts them.