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<p>[QUOTE=&quot;desertgem, post: 2410013, member: 15199&quot;]Warren Buffet probably knows as much about world economy as any.</p><p><br /></p><p>From Buffet&#039;s newsletter,</p><p>&quot;American GDP per capita is now about $56,000,&quot; he said. &quot;As I mentioned last year that – in real terms – is a staggering six times the amount in 1930, the year I was born, a leap far beyond the wildest dreams of my parents or their contemporaries. U.S. citizens are not intrinsically more intelligent today, nor do they work harder than did Americans in 1930. Rather, they work far more efficiently and thereby produce far more. This all-powerful trend is certain to continue: America’s economic magic remains alive and well.&quot;</p><p><br /></p><p>Again, Buffett acknowledges that GDP growth is indeed slow. But not something we should be terribly worried about. He used a low 2% rate in his example.&quot;</p><p><a href="http://finance.yahoo.com/news/warren-buffett-problem-with-gdp-report-122556630.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://finance.yahoo.com/news/warren-buffett-problem-with-gdp-report-122556630.html" rel="nofollow">http://finance.yahoo.com/news/warren-buffett-problem-with-gdp-report-122556630.html</a></p><p><br /></p><p>IMO, Anyone who tries to say they have a safe way forward, or know how humans or civilization will become extinct ~ and when , are lying , delusional, or very poorly informed. ( Not getting into politics or religion. )[/QUOTE]</p><p><br /></p>

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