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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Farmboy who wrote (133825)	5/28/2012 10:43:28 AM
From: lorne	1 Recommendation Read Replies (1) \| Respond to of 224704

Farmboy....So is old Warren and his buddy anti-semetic? ....""I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939," Munger remarked recently, "but I think civilized people don't Buy Gold."... They invest in productive businesses." Only Neanderthals Buy Gold - Repeat after me: Civilized people do not Buy Gold... 26 May 2012 WHICH ARE YOU, asks Eric Fry, reporting from Laguna Beach, California for The Daily Reckoning. A civilized individual or a Neanderthal? Berkshire Hathaway's Charlie Munger provides a simple litmus test. "Civilized people don't Buy Gold," says Munger. There you have it. If you possess absolutely no gold, other than maybe a tooth filling, you are civilized. Congratulations! If, however, you've chosen to Buy Gold...and perhaps stashed a few Krugerrands under your mattress...we've got some bad news for you. You are hopelessly uncivilized – a financial Neanderthal, deserving of pity from your civilized counterparts. "I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939," Munger remarked recently, "but I think civilized people don't Buy Gold. They invest in productive businesses." Yes, that's right, Charlie. Civilized people invest in productive businesses...until an uncivilized government decides to steal it, or merely tax and regulate it into oblivion. Some Jews in Vienna in 1939 operated extremely productive businesses. Unfortunately, they could not stitch any of those into their garments. In other words, Charlie, civilized investment strategies function in civilized societies. In uncivilized societies, gold is usually a better bet. Or to put it another way, as civilizations lose their civility, share prices fall and gold soars...which is exactly what has been happening here in our beloved US of A. During the last decade and a half, the investment return of Berkshire Hathaway, perhaps the most civilized of American stocks – and led by the Sage himself, Warren Buffett, with Munger at his side – has trailed far behind that of gold. Civilized folks like Charlie Munger and Warren Buffett consider that 15-year trend a fluke. Maybe so. Or maybe this trend is a warning that America is becoming a bit less civilized – a bit less friendly to productive businesses. Notwithstanding this trend, civilized folks know better. They shun gold in order to invest in the shares of overhyped social media companies, highly leveraged banks, bonds of bankrupt governments and complex derivatives that are impossible to value precisely... until they go to zero... at which point their precise value is known. That, Dear Reader, is civilized! But there is one additional echelon: the über-civilized investor. Über-civilized investors shun the chance to Buy Gold to invest in über-complex derivatives. These are the folks like Warren Buffett who do not merely shun gold, but also belittle it very publicly while loading up on highly leveraged finance companies that are loaded up on complex financial derivatives. Often, these banks are run by über-über-civilized investors – the kinds of guys who do not merely load up on complex derivatives, they load up on complex derivatives linked to the bonds of bankrupt governments. Then they utilize a "risk control" methodology that has a perfect record of failing to control risk. You just can't get any more civilized than that. goldnews.bullionvault.com

To: Farmboy who wrote (133825)	5/29/2012 2:15:30 AM
From: Paul V.	Read Replies (2) \| Respond to of 224704

Farmboy, Yep - many have children and then leave it to the schools to raise them. If they aren't going to take time to raise their kids, why even have any?. I agree with your statement as far as it goes. Have you ever taught 6,7,9th graders when their hormones kick in. The sex drive of young individuals, young and older adults are very strong especially as they come into puberty. Many individuals according to a social workers working with unwed mothers indicated to me, "many have children to receive what was once called ADC for five years per each child. Then, the mother gives up their right to the children." The courts, according to a Missouri local attorney, are reluctant to take away the children from the family and then the judge awards the children to the grandmother of the children who can receive foster care money until the child is 18. I ask the social worker why this occurs? Her reply was that these mothers consider that as "their inheritance." My question is how could a society or government stop this process from continuing in the future? If the children do not get the appropriate skill through education or trade, what opportunity do they have in a global and Information Technology World? Is there any rationale why they will not do anything to survive in fulfillment of their physical needs even to the point of committing felonies, and be sent to prison to received their basic needs of food, shelter, clothing, recreation, and medical coverage, plus cable TV and socialization with others. I would like to hear from the naysayer possible solution to these holistic problems we have within an ever changing, fast moving society. Kenneth, from his career could reflect on the able since he has experience in dealing with the courts.