Carl leason

Buffett on the Dollar: 'Our Present Over-Consumption is Unsustainable'

The way the Fed. Gov. is operating today and for the past number of years,..is that they are eliminating the middle class ! In the 60's and 70's the middle class was in great shape, but unfortunately did not think about investing, so they have nothing to write off ! Buffet is doing what every smart investor is doing, investing and taking legal write -offs,...just plain smart business, but still, we have to get back to having a large middle class and start building more factories and jobs in this country , which brings me to the point that it's our constant importing of almost all goods...What we need is fair trade, not free trade. No country can continue to import everything and not export anything, and that's why the dollar has fallen so much...at least the low valued dollar is now making our products less expensive to other countries and that's the key to getting fair trade and getting a parity with the Euro and other currencies.