WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR
WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR
Home WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR
WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR



WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR
WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR

WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR

Will You Survive The Coming Financial Crash 23
© 2005 Kent Daniel Bentkowski
30.5% in just that single year! This all-time high has been broken in each of the last three
consecutive years!
This is the true net-effect of the globalist free-trade mind-set, and just as I had previously
mentioned General Motors, the Buffalo, New York USA area has one of the only two
remaining GM plants in our entire state. This globalist preference toward China has all but
devastated and traumatized the entire country and its' people! In 1998, the trade deficit
that the USA faced against the entire world was lower than the deficit created by just one
country, China, just seven years later in 2005. As an aside, when my wife and I recently
had our child, every single gift, save for one, that we had received at the baby shower
contained a Made in China label. The one gift that had Made in USA on its' tag was a sad
statement of how much America has fallen into the Abyss.
According to the Economic Policy Institute in Washington, DC:
During the past fifteen years, from 1990 to 2005, more than 1.9 million U.S. factory
workers lost their jobs to China outsourcing. From 1989 to 1997, 70,000 jobs were lost
per year. From 1998 to 2001, this figure increased to 105,000 jobs per year lost. Upon
China's joining the World Trade Organization, this figure has increased to 234,000 jobs
per year. The sad part of all this is that 70% of these Chinese goods are imported by U.S.
corporations! This situation is completely unsustainable, and it is only a matter of time
before this imbalance between imports and exports itself will begin to wreak permanent
havoc on the U.S. economy.
On May 26, 2005, the Organization for Economic Cooperation and Development reported
that the U.S. deficit could reach a staggering $900 billion dollars (6.7% of gross domestic
product) in fiscal year 2006.
http://www·merkfund·com/merk-perspective/insights/2005-05-26·html
WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR :
For those readers who are unfamiliar with Warren Buffett, allow me a moment to explain
who he is and why he is important. Warren Buffett is the uncle to musician Jimmy Buffett,
and he is Chairman of the private investment concern Berkshire Hathaway. According to
Forbes magazine, Warren Buffett is the second-most wealthy man in America, with
holdings valued at $44 billion. I personally became aware of his business practices when
he purchased the Buffalo News daily newspaper from the Butler family of my hometown of
Buffalo, New York USA.
http://www·forbes·com/static/bill2005/LIRC0R3·html
On April 30, 2005, Berkshire Hathaway held their annual shareholder meeting, which was
reported upon in a May 2, 2005 article by Jason Zweig of Fortune magazine. During this
meeting, Warren Buffett and Vice-Chairman of Berkshire Hathaway, Charles Munger, had
quite a bit to say about the matters as set forth in this financial white paper.
WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR Next Page
Copyright © 2009
WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR WHAT WARREN BUFFETT SAYS ABOUT THE U.S. TRADE DEFICIT AND THE U.S. DOLLAR