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A Respectful Disagreement With Warren Buffett
Submitted by Simon Black via Sovereign Man blog,
Warren Buffet sees a different America than I do. I would wager he sees a different America than untold millions of people do too.
And with due respect to the kind-hearted Mr. Buffet, who is undoubtedly an accomplished and savvy investor, the man has been a major beneficiary of the greatest monetary fraud ever pulled in the history of the world.
In his most recent annual report just released yesterday, Mr. Buffet lauds the United States of America, writing:
“Indeed, who has ever benefited during the past 237 years by betting against America? If you compare our country’s present condition to that existing in 1776, you have to rub your eyes in wonder. And the dynamism embedded in our market economy will continue to work its magic. America’s best days lie ahead.”
Such language is typical for Mr. Buffett, he is one of America’s biggest cheerleaders. Again, with good reason.
For one, the unprecedented monetary expansion over the last decades has created a major boon for Mr. Buffet and his net worth.
His company Berkshire Hathaway has a balance sheet worth $485 billion. 25% of that is simply invested in the stock market with big chunks of Coca Cola and American Express.
These stock prices have boomed in an era of unprecedented money printing, adding billions to Mr. Buffett’s net worth.
Second, it’s important to note that over 75% of Berkshire’s revenue comes from highly regulated, absurdly profitable, tax advantageous businesses that are simply not accessible to the average guy.
For example, Mr. Buffett gleefully writes about the $77 billion ‘float’ from his insurance businesses.
This is money that is collected from insurance customers. And while he might have to pay out insurance claims someday, for now he gets to borrow from that kitty at 0% and generate higher returns elsewhere.
On top of this, Mr. Buffett has been able to defer a full $57 billion in tax, indefinitely kicking the can down the road on his IRS bill thanks to industry-specific tax rules.
Again, you and I couldn’t do this because we don’t have access to these special privileges. Warren Buffett does.
Warren Buffett also has special access to lawmakers in the US who clamor to be in his favor.
During the early days of the financial crisis in 2008, for example, Buffett was getting desperate phone calls from the Treasury begging him to make investments in the financial system.
And as a result, he was able to arrange sweetheart deals, brokered by the US government.
It also may just be a wild coincidence that the US government has rejected the Keystone XL pipeline… and Mr. Buffett’s railways just -happen- to be among the prime beneficiaries.
Yes, I think if we all had the special privilege, access, and benefit that Warren Buffett enjoys, we too would all be jumping for joy about America.
But Uncle Warren lives in a different America– the America of the past.
With due deference to his investment acumen, Mr. Buffett should know that no nation in history has been able to -permanently- stand atop the world’s economic mountain.
Like human beings ourselves, nations also rise, peak, and decline. It is their own life cycle.
And the America that Mr. Buffett doesn’t acknowledge is the one that is in debt past its eyeballs.
- It is the America that spies on its citizens and threatens people with imprisonment for victimless crimes and administrative transgressions.
- It is the America that conjures trillions of paper dollars out of thin air in total desperation, sending the labor force participation rate to multi-decade lows.
- It is the new America that exists for a tiny elite at the expense of everyone else.
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"BBK" stock made a lot of pensioners rich, and BUFFET is an ICON,
That said BBK ( berkshire-hathaway ) destroyed 1,000's of good company's since the 1950's destroyed job's stole pension cash, left worthless IOU's
Buffet became world's richest man, by FUCKING the little-guy, with the governments warm arms embraced around him.
Buffest destoryed the USA insurance model, and changed it to "Collect premium, deny claims", which makes the Medical racket unbearable for the sick.
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Fuck Buffet, if there was anybody that makes Zionists look like Saint's, that would Be Buffet.
"No bubble bath in your future, Black !"
- Becky
Warren is a slimy degenerate that has been a parasite on this country.......but don't worry Nature will treat him with the dignity he deserves
Anybody that ever bought "BRK.B" [ BRK.A ], or a pension fund thereof (CALPERS) is a blood sucking vampire of the poor and weak,
And this my friends is the GUBMINT model for CALPERS and all PENSION GOLD to Tel-AVIV, to rob the poor taxpayer and FUND the likes of BRK.B to de-employee the american pheasant ( I chose pheasant, cuz you shoot them before you eat them )
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Remember RED means I tell the truth, and GREEN means circle-jerk on ZH
FUCK Buffett, who is one of the biggest CronyCapitalists to have ever fed off of and drained the blood of the American Taxpayer Host that the world has ever seen.
If I awoke tomorrow morning to a headline reading that Buffett's bloated body was run through a commercial grade wood chipper I would stand and give an ovation. I won't lie about this nor my hatred of scumbag hypocrites such as Warren "Suckle At The Teat" Buffett.
I would cheer loudly if Charles "Fuck the Taxpayer"Munger were next.
Hey, you dumb fucker American "investing" sheeple; quit worshipping Buffett if you truly believe in capitalism, for he embodies the opposite of it.
Essentially this story gets to the CORE of why America is ROTTEN to the core.
Like killing 100 million for reserve-currency, or robbing the future of the USA kids, most american's did invest in BRK.A, and did full well know they were participating in FRAUD, MURDER, and CRIME. But they did so knowinig they were going to get rich. No different than owning stock in an OIL company, and knowing the MURDER is the means to the end.
Buffet like OBAMA put's a happy and smiling face on MURDER, Inc., and the average ameriKKKan loves it.
Buffett's current play is "green energy," whereby the Obama Ad administration and the criminal CONgress have already guaranteed him tens of billions in taxpayer cheddar to subsidize his windmill farms.
SSDD
unfortunately for "green energy" it cant stand on its own two feet without massive subsidies.
we'll have to be well past peak oil before they can be let out of the car seat....until then, we're subjected to cronies making plenty of money from the subsidies.
Berkshire makes it's money selling insurance. In reality, they are in the business of scaring the shit out of you and in your fear, you buy insurance. Unless its mandated by law, I never buy insurance. If ervyone did that, BRK.B would implode.
"Collect Premium, Deny Claims"
Is their BRK.B motto, this is not insurance, this is 'protection'. Omerta.
auto insurance is a perfect example. never been in a car accident, still have to pay for some other idiot's pay out. it's a scam that extracts wealth, on par with usury... and the insurance lobby is HUGE. Just like Obamacare will extract wealth from the healthy until it goes the way of SecSec.
And then you get hit one day, burned badly and your child killed. And the other guy pays limits $20,000.
FORWARD SOVIET!
BRK.B mea-culpa ... "COLLECT PREMIUM, DENY CLAIMS"
Funny that he is loved by the vampires that bought this stock, that fucked the grandchildren of the old-farts who fucked American Children of the Inheritance ( A better life )
No respect neccessary. Buffie is a welfare queen who plays up that old uncle Warren bullshit to a tee. He's a douchebag
the trillionaire masters of the World remain hidden whilst Forbes magazine poses lower ranking billionaires like Bill Gates and Warren Buffett
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Let's also remember that BUFFET BASHING generates clicks on ZH, and that by NO means is BUFFET rich, by standards of real rich.
There are TRILLIONAIRES that nobody ever even mentions, so BASH on with BUFFET and I will join,
But the unmentioned TRILLIONAIRES are the true "DARK MATTER" dual-passport holders that control the fucking world.
Including the RedShields
Headed by.....
FIFY
Well I do find it interesting that even mentioning the existance of 'trillionaires' on ZH gets you banned/deleted, its like there is a specific mandated narrative, and nobody goes outside this band.
I myself have been studying the trillionaires for years, and find their ability to hide in plain site amazing.
Reminds of like breaking-bad, the guy that had the chicken-biz, but also the MAIN meth-dealer in the world, giving party's for DEA.
Trillionaires do exist, and nobody is even aware of their existence, and if you google their names, you will find little to nothing, as there are entires businesses that you can hire to wipe your name off the internet.
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Serious students study the work of Carrol Quigley who said "the reason I wrote the books, the history of the CIA and anglo-saxon empire, is that it was too important not to be recorded for future children of the elite". [ Carrol Quigley, was Bill Clintons mentor post Oxford, pre Oxford it was Winthrop Rockefeller ]. Carrol Quigley was Chief Historian for the OSS/CIA.
Just like now, the ELITE know about the trillionaire's but the little people only know of facefuck, buffet, and gates,... small potatoes, and MSM mythology.
Human Freedom Rests on Gold Redeemable Money
By HON. HOWARD BUFFETT U. S. Congressman from Nebraska
The Commercial and Financial Chronicle 5/6/48
"Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere.
But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty."
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Also those elements here and abroad who are getting rich from the continued American inflation will oppose a return to sound money. You must be prepared to meet their opposition intelligently and vigorously. They have had 15 years of unbroken victory.
But, unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.
There is no more important challenge facing us than this issue – the restoration of your freedom to secure gold in exchange for the fruits of your labors."
http://www.fame.org/pdf/buffet3.pdf
Fiat, Fractional Reserve, Usury and Central banks......
The true 'Four Horsemen'
Interesting op-ed by his grandson.
http://www.nytimes.com/2013/07/27/opinion/the-charitable-industrial-comp...
"It’s time for a new operating system. Not a 2.0 or a 3.0, but something built from the ground up. New code."
Funny if all you have is money, the solution to all problems is CASH.
The old joke if your only tool is a hammer, everything looks like a NAIL.
In the world of Peter Buffet, if you have money you can BUY anything you want.
The fact is that ALL these guys are GANGSTER's from Joe Kennedy to Myer Lansky, ... to Buffet, to Bill Gates,
But Philanthropy legitimzes their rape, pillage, and murders.
Read the op-ed before you have the aneurysm
I read the OP-ED, and it was like reading a SOROS book, just a bunch of bullshit. I like plain speaking people. Nobody needs to talk shit about Philanthropy.
Bill Gates and BUFFET(+son) are all in their own mind solves the worlds problems, but in REALITY BUFFET/GATES caused most of the USA's decline.
Is progress really Wi-Fi on every street corner? No. It’s when no 18-year-old girl on the planet gets sold for sex. - buffet
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Ok, lets deal with this bullshit.
If an athlete can get rich off his body from 14-24, why can't a young woman get rich off her YOUNG body, it its her choice.
These are RICH people making decisions for others.
Once the said woman, is over 30 in most 3rd world cultures, her value goes to ZERO.
A smart person would say maximize income while you can and invest, ... ONLY a control freak would deny you the right to profit from your ASSets.
i think its that annoying santoshi dude!!
Selling one's own body and selling the bodies of others are two distinctly different things.
Thanks for the link. Great read. I thought these quotes were appropriate (from the same speech).
Seems like Warren was a rebel... he should have listened to his Dad.
"For example, I hold here what is called a $20 gold
piece. Before 1933, if you possessed paper money you
could exchange it at your option for gold coin. This gold
coin had a recognizable and definite value all over the
world. It does so today. In most countries of the world
this gold piece, if you have enough of them, will give
you much independence.
I hold here a small packet of this second kind of money
-- printing press paper money -- technically known as
fiat money because its value is arbitrarily fixed by rulers
or statute.
Under such conditions the individual citizen is deprived
of freedom of movement. He is prevented from laying
away purchasing power for the future. He becomes
dependent upon the goodwill of the politicians for his
daily bread.
Unless he lives on land that will sustain him,
freedom for him does not exist."
Unless he lives on land that will sustain him,
freedom for him does not exist."
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Run from AmeriKKKa, if you stay the FSA will eat you alive.
Uncle Warren also has access to one more thing most americans don't....Becky Quick. ;)
Access????
I had thought that good looking 40 year old chicks like Becky Quick wouldn't screw old codgers, but recently I heard from good authority that this young stunner intelligent blonde PA lady in London slept with Nobel prize winner old coot Robert Merton. Seriously, true story.
you've obviously never been to southern california. you can't throw a rock w/out hitting a 20-30 yr old holding hands w/ a wealthy retiree.
(Sexed up, jeweled up 20 something CA blond): " What did you say? He's fat? He weighs 350 lbs? I never noticed."
With his money that's just not saying much. Beck Quicky, I dare say he could do a whole lot better.
+1
I'd be banging Betty liu or Mandy like a fuckin drum before quick.
Butterface
I'll bet that Mandy could give you a ride
And I'd love all 46 seconds of it ;)
Who the fuck is MANDY???? {{{sigh}}}
How was that money you made buying billions of dollars in MBS right before QE3 launched? I'm sure it wasn't mentioned in your white house meetings. What a fucking asshole.
Kind old men do not cash in on the misfortune of others. The wealthy stay that way by stealing from teh middle class - history has shown - However, that will end with this generation because there is no where left to run.
We all do well enough or no one does well at all. Man up Warren Buffett - You cannot take it with you and you are older than dirt. Go down in history as a man who cared enough to give what he stole back to the people, you old fart.
Unless he threatens violence, no one is stealing from you. You should not let anyone take your property without your consent. If you work for it and earn it your wealth is yours. You are not entiltled to the wealth of other people.
You are not entiltled to the wealth of other people.
Warren thinks he is, take a look at his history.
He's just a fiat grubbing Luciferian Sodomite...
With due deference to his investment acumen, Mr. Buffett should know that no nation in history has been able to -permanently- stand atop the world’s economic mountain.
And he's only a few years to the grave so he doesn't give a fuck.
I would recommend the Self-Preservation Society
http://youtu.be/sOGhuhC4AF0
Screw defernece, draw and quarter the worthless piece of shit.
Though shit is too nice a word for that lump of maggot food.
He's King of the Paper Empire. Now just bits of code like bitcoin. How do the reptilians stay alive so loong anyway?
They suck the life of future children.
They are sucking the blood out of the children's parents as we speak.
Warren Buffett + Charlie Munger = FASCISM
mentioned this elsewhere after he said some BS about "prosperity in America" during earnings: "Uncle Warren is another product of the crony capitalism that has hijacked the political system to enrich itself. it's no coincidence that he's built his empire as washington D.C. has extracted more and more wealth from the rest of America. he's the son of a congressman. that says it all." as for prosperity in America, tell that to the hundreds of homeless hovering around the margins of even the $1M+ neighborhoods i see daily. i can barely imagine how bad it is in places like Oakland, Detroit, Chicago.
The man loves ice cream. How can one hate an old man eating ice cream?
Raymund Tusk?
https://www.youtube.com/watch?v=QBKwTSBBn7U
buffet is a degenerate.
Funny thing about "societies" -- the most powerful must care about sustainability.
In the process of caring about sustainability, there would be pressures on those who control, with reckless disregard for the mission that sustains them.
Capitalism is fine -- sucking the life out of the host is not.
Congratulations, Mr. Buffett, you have already ultimately failed.
On a long enough timeline, the survival rate for everyone drops to zero. 'nuf said.
When is someone going to hang that worthless crony capitalist societal tapeworm Buffet and leave his body for the maggots?
depressions crush the middle class, but the lower class manages (may not this time because of so many entitlements that will go away)
this biggest damage/opportunity is the upper class where wealth transfers - many get wiped out, many create fortunes
The beauty of Berkshire's insurance business is not that it enjoys "free float", but rather that it doesn't pay claims in a timely or fair manner; Just ask any homeowner along the New Jersey coastline currently "negotiating" with their insurance carrier for damages from hurricane Sandy. As the largest reinsurer in the land, Mr. Buffett controls the flow of funds on this claims. His business strategy here is clear, sweat out those who can't carry time, then underpay them. He is slime.
Ol' Warren is probably grinding his teeth at an Oak Grove symbolic murder of a baby with Molec the Owl looking on.
Your article goes right up to but not over.
Buffet benefits from Fascism