Reader comments
What others say: Interpreting Buffett's bet
6 comments | Read story
Having been snubbed by Detroit several years ago when oil was cheap, he turned to China which builds a Toyota Corolla knock-off called the F3 by a company named BYD.
I am going to back Buffett on this one.
How about that Goldman Sachs investment? How is that working out for him?
Like much of the rhetoric from policymakers, it sounds good. But it never translates into meaningful action. Maybe Mr. Bernanke is trying to distance himself from the dollar’s ongoing problems and put the blame on Congress and the President by highlighting that they are failing to maintain a “sustainable fiscal” policy. But like Alan Greenspan who is now trying to re-write history and put the blame for the housing bubble on anyone but himself, the reality is that Mr. Bernanke cannot totally blame politicians.
He could do what Paul Volcker did, and raise dollar interest rates to send a message to the market that he will not allow the dollar to be destroyed. But that is not likely to happen. There has been no indication that Mr. Bernanke will raise interest rates anytime soon, much less raise them to the level needed to convince the market that he intends to preserve the purchasing power of the dollar.
Sadly, the dollar is no longer as good as gold. It is now only as good as the empty rhetoric of politicians and central bankers
The stats and growth prognostications from tout television, New York banksters, our Federal Reserve, U.S. Treasury, and various U.S. Government fiscally incestuous cabal members are replete with liars, exaggerators, and crooked politicians. The U.S. Government and several others are economically dead; they just haven’t admitted it yet.
The United States' financial affairs are an empty burning hulk of disaster.
There is not enough taxing power, stealing power, money and bond-printing power on this globe for these dudes to worm their way out of a major collapse. It may take some time, but its coming for sure. There is no way out except to inflate. And, we know how that one ends. Read about Germany's hyper-inflation of 1921-1922.
We are not yelling fire in this theatre of the absurd but rather giving an untenable situation the cold, blank, fishy-eyed stare of an auditor. Two and two isn’t 20 and never will be. Most everyone is broke and going broker. Even those with no debt and holding supposedly strong assets in government paper and real estate reside in quicksand.
Add your comment
Comments are monitored. Any comments found to be abusive, offensive, off-topic, misrepresentative, more than 200 words or containing URLs will not be posted.
E-mail address: For internal use only. We may want to contact you to publish your comment (not your e-mail address) in the newspaper or for a separate story idea.
- Haws playing like a veteran 12:36 a.m.
- Hot Rod behind mic for Lakers 12:35 a.m.
- Jazz go up against 'the best' 12:33 a.m.
- Sports on the air 12:26 a.m.
- Bobcats stun high-flying Nuggets 12:23 a.m.
- Utes finally get to host Michigan 12:18 a.m.
- Flash apologize, offer refund 12:12 a.m.
- Editorial: Leave the economy alone 12:12 a.m.
- Dishonest global warming scientists 12:12 a.m.
- Tensions in Ceuta 12:12 a.m.
- BYU football: Bronco weighs in on Hall
- Yet again, we learn BCS is a big joke
- Snow brings big chill
- Andersen apologizes for Jordan hoax
- Cougars in better mood about bowl
- Williams' late jumper tops Spurs
- Ranking the bowl games
- $2M error could mean layoffs
- Witness: Mitchell stalked victims
- Expert calls Mitchell delusional
- Y. profs: Beck not all-knowing
278 - Letters: Global warming a lie
214 - TCU to play Boise in Fiesta Bowl
205 - BYU football: Bronco weighs in on Hall
165 - Cougars going back to Vegas
148 - Utah/BYU rivalry can be more civil
143 - George lost in rivalry hatefest
119 - Andersen apologizes for Jordan hoax
110 - Harpring's NBA career is over
99 - Ed Smart 'appalled' at testimony
99
For the latest news in the health care debate and how it affects you...
It will be good to hear "real play by play or even as analyst with Joel...
i hope hot rod gets confused while doing the play by play and thinks he's...
The BCS bowl team match-ups aren't what you think. First, yes the top two...
Even Ed Gein was found competant to stand trial.
So Bronco's okay with the churches "standard bearers" spewing hatred. Wierd....
By putting TCU & Boise together that means that the other 3 BCS games will...
Ticky... Tacky...
The DNews requests the lists from the region coaches. Ask your coaches why...
This story brings back memories of an Ogden base ball team, who promiced if a...
GO UTES!!!

