Yes, Warren Buffett has been advocating the same thing that I was advocating and pounding on the pages of this blog day in and day out:”balanced trade model”. So far not one single Presidential candidate stepped up to the plate to support this idea. Both Warren Buffett and Donald Trump are saying exactly the same things that I am saying.
Posted on | January 5, 2011 | No Comments
Hugh Campbel |
Submitted on 2011/01/05 at 6:44pm
An America Lost in Squanderville The United States’ trade gap is the proverbial “leak-in the-dike” with its de-simulative effect on our recovery. In November 2003, Warren Buffett in his Fortune, Squanderville versus Thriftville article recommended that America adopt a balanced trade model. The fact that advice advocating balance and sustainability, from a sage the caliber of Warren Buffett, could be virtually ignored for over seven years is unfathomable. Media coverage that China has kept it currency undervalued is a gross understatement, it has actually been keeping the U.S. dollar over-valued; which adversely affects all our trade with all our trading partners, not just trade with China. Until action is taken on Buffett’s or a similar balanced trade model, by the powers that be, America will continue to squander time, treasure and talent in pursuit of an illusionary recovery. |
Free trade with England caused the first American revolution. Free trade with China, India, Indonesia, Brasil and other third world countries with de facto slave labor caused the second American revolution, which is now engulfing the country 0 # |
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