Good morning, this hearing is called to order. The title of this hearing is congressional oversight in the face of executive branch and media suppression, and in particular case study of the crossfire hurricane, corrupt investigation. Ill add that. The hearing is actually quite a bit broader than that. But well certainly focus on that. I became chairman of this committee in january of 2015 and will complete my sixyear term at the end of this month. We can all be proud of the more than 100 piece of legislation we worked on together as a committee that became law. The other than more than 200 bills we passed out of committee, although not signed into law, can still serve as the basis for future legislation. Our committee and subcommittees also have broad oversight jurisdiction, and responsibilities that we have not ignored. We investigated and exposed problems within the Va Health Care system, human trafficking, National Security leaks, and systemic violations of the hatch act within the
The ultimate cost, nobody is looking a deficit anymore, i get that but if the president was always on board, something were generous and this is more generous, could that close the deal, does that mean the deal is more likely when he himself has upped the price tag on it. My Organization National Taxpayer Union has been saying for months, what a negotiating tactic is to talk about topline numbers. What if going on a walk down memory lane we had lawmakers that thought about the impact of their policy rather than whether or not they were spending too much or too little, thats why were in the situation to begin with and why deficits and spending are so out of control because members of congress are talking about the price tag rather than the effect this relief could have, i think its very important that congress does continue to support the economy, were in very in certain times, whether or not your spending 1 trillion or 2 trillion should depend on what youre getting for the 1 trillion i
Report has been right for the past 10 years he dumped many of his banking shares and went long gold miner derek the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much cash he was underperforming the stock market for 15 years he had made an enormous mistake in airlines again for the 2nd time in his career took a huge loss. And you never understood Technology Got in very late and hes got a problem now with all the money that he helped bring into existence by having the government bail him out perpetually not not not not in 2008 was a huge bailout of Warren Buffett and they had a print trillions of dollars he used to base the value of this figure of money the u. S. Dollar and the only protection now we have as a way to preserve wealth is to get into gold so this is the 1st foray into gold and dissipate that within 2 years 20 to 3
Dissipate that within 2 years 20 to 30 percent of the berkshire portfolio will be gold or exposed to gold buffett so burning 90 years you know 90 year birthday you know if you spot a Spring Chicken anymore think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so of course Warren Buffett then dumped his airline shares and then down to banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with th
A Spring Chicken anymore i think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so course warren buffet then dumped his airline shares and then dumped his banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with the barrick gold he and i want to point out that colombia the country you know they sold 2 thirds of their gold in june alone so you know they were getting out theres always down mon