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Berkshire Hathaway Inc. Message Board

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  • wes_w_weber wes_w_weber Dec 5, 2008 1:18 PM Flag

    90% OUT

    I'm long almost everything buffet is myself but that was not until yesterday and today. I am very cynical of what has occurred and I'm just trying to earn a living to survive if the present model holds (Our financial system - I have no choice - we have to hope)

    However I am realistically in the position to beleive that the World's financial system is caput. In effect the $50 Trillion of World Wealth is leveraged 10x still. $500 Trillion in outstanding bets!

    This will run for sometime I mean really is the work you put in to earn $1 and different than anyone else in any other country? No? It soon will be but not for the next 5 years or so when this all comes home to roost.

    I say print money baby, print money however it will end dramatically 1 of 2 ways.

    1. A new global financial system is established with a global currency that everyone respects and acknowledges OR

    2. War. Only way to cleanse any system of mankind. Sad.

    This is one of the most realistic predictions I've come across.

    http://the-moneychanger.com/goldmoney/dollar_collapse.phtml

 
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