6/4/09

If the US was a net creditor nation after WWIIwhy does America owe the rest of the worldmuch more than any foreign entities ever owed us?

pledge-to-china


Foreigners' net ownership of our national wealth...


will leave us paying ever-increasing dividends and interest to the world


 rather than being a net receiver of them as in the past


 


We have entered the world of negative compounding


 goodbye pleasure, hello pain


 


Warren Buffett

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