Warren Buffett on the US economy: ‘The tsunami of wealth didn’t trickle down. It surged upward’

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Warren Buffett says there is a problem with America's economic system, which made him a king: Many individuals suffer even as those at the top prosper wildly. via CNBCMakeIt

 

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MakeIt Help make change. The poor need help.

itzstockchartz MakeIt He can certainly donate to others since he feels this way

MakeIt Well many of those individuals wouldn't suffer in the first place if only they had a mindset focusing only on making an effort to improve every aspect of their lives. I know, because I've lived in impoverished areas most of my life and have always observed the residents' habits!

MakeIt The basic problem is FED. It keeps making bubble to support the president who selected him or her. The FED killed capitalism by refusing any normal economic cycle.

MakeIt Its called money printing which enriches people who own assets, as there is more and more money to buy the same assets.

MakeIt You want to understand the US economic system, take a look at the plantation system of the south, they controlled the economic system the politics and the law, there is the blue print

MakeIt Capitalism has fed, housed and enriched more humans than all other economic systems combined.

MakeIt But he lives like a queen

MakeIt AuditTheFed

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