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Buffett On Europe: Germany Must Stop Greek Dog Peeing On Its Carpet
Not to be outdone by his partner Charlie Munger (who offended many with his comments that "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939,"), Berkshire Hathaway's Warren Buffett decides to take on Europe (and The Big Lebowski), and particularly the Greeks in today's 'perhaps it's time to just STFU' moment. Responding to questions about Europe's future, Buffett compares Greece to a "dog peeing on the carpet" of Europe, suggesting Germany stop "rewarding behavior you want to get rid of."
Buffett explains...
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Quick question - just how far does one go to 'punish' the peeing dog before Animal Cruelty is called?
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No pee-soaked rug comment is complete without the following...
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Please move on, Warren.
A disgusting slimeball masquerading as a human being... and "the greatest investor of all times" no less.
He "won" a few games of Monopoly.
Well said. When you buy the whole company, get to move the furniture around, hire & fire management, and integrate the whole thing into your megaverse conglomerate death star, it's not exactly retail investing.
Warren's dad Congressman Howard Buffett was a tireless fighter for a gold money system (without central banking).
He recognized the dangers of bubbles and crashes caused by 'flexible' money systems.
Congressman Buffet wrote the following in a letter to Murray Rothbard:
“... Somewhere I had read that you wrote a book on the “Panic of 1819?. If this is correct, I would like to know where I can buy a copy of it. I have a son who is a particularly avid reader of books about panics and similar phenomenon. I would like to present him with the book referred to. ...”
http://csinvesting.org/2012/05/19/warren-buffetts-father-tried-to-teach-him-about-abct-the-panic-of-1819/
The Panic of 1819 was caused by the policies of the Second Bank of the United States (a central bank).
Really hard to blow a bubble and start a panic with a proper gold money system.
...But they REALLY tied the room together, man....
I bet Buffet pees on his carpet once in a while as he almost makes it to the bathroom.
Let's read a bit of ZeroFudge to gain more knowledge from the Occupy Wall Street chavs.
So what Greece needs is a swat with a rolled up newspaper. Somebody please humanely euthanize this senile bastard before he craps all over himself again.
Simpler. Probably some of his money is at risk, if the Greek government with their hole without bottom is not following the treaties.
These international hyenas would not care at all, if it was German taxpayer money - when it's their money, they immediately lose their friendly mask and become extremists.
And the bag of shit, descended from big wheeler dealer daddy congressman said what?
Point is, who really gives a shit what the senile cocksucker has to say? He can roast in hell for all I care.
We pee-ed on some folks rugs.
some people just need killin.
Warren could write for the comments section of ZH.
If I were a dog and received the kind of treatment Greece has been getting, I'd piss on whoever was doing it.
Did ya stop to think maybe he wasn't against the Centeral Banks and there bubble machines so much as wanted to read the book to learn how to profit from the panic?
Warren buffet made his money fucking so many people its not funny. I interviewd with a company today and when they told me he owned large shares of stock in it I immediatly starting reading the companies contracts and the fucking I just knew was there was hidden b not refering to it at all then the manager said that the company would never screw an agent and I laughed out loud and said only so many times that you can kick a dog and treat it badly before the dog bites and then unloaded on his sorry ass. American income life was the company and what a contract beware all you insurance agents. Allways read your contracts especially if buffet is involved
"megaverse conglomerate death star"
Awsome
this man is a hypocrite of epic proportion. a karma delivered heart attack would by fine by me.
If this guy actually drinks five cans of Coke a day as he claims, you won't be waiting long to see it happen.
Fucking Buffet. I wonder how much he'd lose if Greece defaulted good and hard.
Fuck the Greek debt ~ What about the BOA (BAC) deal? Fuck Warren. Love Lebowski.
http://www.fool.com/investing/general/2014/06/02/1-thing-to-know-about-w...
Thinking about it, Buffett is a very wealthy and powerful man here in America and this is when we hear from him and why. Like nothing else ever gets your ire, Warren, really? Nothing else might be worth speaking to, Warren? What a douche bag.
Considering he probably bought fire insurance on greece, is toting 5 gallons of gas, and has paid off the fire inspector i doubt he stands to lose anything. He is a devious and preverted old man pretending to be a "aw shucks" dumb country boy.
you should like buffet, LTER, he is the poster child for crony capitalism, and the opposite of everything that ayn rand stood for.
I am quite delighted seeing the ZH crowd recognize the over-hyped fart from oklahoma as just that: An insider leveraging excessive political capital for almost risk-free billions - while at the same time featuring the benevolent smiling old-fox-investor-genius-daddy for the clueless sheeple.
Agreed. The old boy getting a bit senile. Must be all the morning Coke and Fruit Loops
Greek politicians put their country in a subserviant position vis-a-vis the other players in the EU by accepting a central currency run by a bank in Frankfurt, essentially becoming a small, poor German province. If they want to stay in the central currency then they should shed any illusions that they matter any more than the former East Germans did for their central government. Buffet pointed out the obvious and he goes on to say that other than accept being wagged they can request a hand-out. That's the only options inside Germany, there's no sugar-coating that. He may be a douchebag but he nailed it.
greeks...
no fucking pride whatsoever...
pathetic.
I'd pay good money to pee on Warren Buffet's face. The old crooked fart makes me want to vomit -ally of Goldman Sachs and every other vulture and leach sucking America( and averages Americans) dry.
I'd happily treat him to a free 'hot lunch'!
Your comment is actually worse than Buffet's and unnecessarily spiteful.I listened to the video and it sounds like the old man simply chose a poor way to say that bad behavior should not be rewarded.
Either way, get ready for this here in America. Did you read the story about the gov't employee who looks at porn 6 hours a day and can't be fired? Get everyone dependent on .gov and "train" them like this for 35 years.....the end result will be worse than what the Greeks are today. You can already see it happening.
"chose a poor way to say that bad behavior should not be rewarded"
How mnay of the oligarcs have been rewarded with bad behavior? off of the backs of the little peope!!
How much is enough for this man???????
This man is nearing the end of his life and what does he do for fun? screw more people out of money!!!
Greed, never enough for people like him!!!
ya I know he gave 30 billion to bill GAtes wife charity, but did that money go to good use????
Old people get like that.
Pretty soon he will be saying he doesn't like Rap music.
I didn't know Charlie Parker was into Rap!! Milestones
Rap is a music !?
phewy !!
"Dog go home! No more poopy in my yard!"
shitgum
Buffet is right! Our dog was peeing on the carpet, but when I stopped loaning him billions of euros, he stopped right it away.
When you wear depends and shit your own pants I guess you can talk like that......
She kidnapped herself
You're out of your element Warren .
he's a pervert. 8 yr olds dude
The Oracle of Delphi has spoken .... oh, wait .... I think I agree with Warren on this one .... I'm a big proponent of tough love .... like the Greek wrestlers in my Avatar !
I am changing my yard sign. It now reads "Greeks & dogs, Keep Off my Lawn!"
Greeks Dogs and Especially Warren Buffet off my lawn..
Personally I think rich people, especially bankers and really especially central bank owners have been peeing on humanity for at least a century too long ....as for rewarding bad behaviour, I also think these folks and those who hold the same opinions like Buffet should get their just rewards.... like a job at MacDonalds being the "fry guy" and all the "good things" in life that job will provide. Hell I'll throw in a hundred bucks to kick start their new careers....asshole.
Trickle down economics ?
One thing about these antiques. They put their pants/skirts on like everybody else. But in the end, they fade away.
Such in-depth analysis. How about the taxpayers getting shit on from all the crony capitalism you've managed to unleash?
Buffet confuses Greece with Hugh Heffner.
a Mcain moment. the low life scum.
NSA building damaged by several shots. (RT).
False flag?
Someone is fed up with so much invasion of privacy?
hehe.
I would have expected the snackbars to hit the NSA. Doh. . . The NSA employs the snackbars.
He sounds like a damn Turk calling Greeks dogs
.01 percenter Buffet telling someone to scr*w the people somewhere. Rope and lamppost!!!
Warren, Fuck off, You and Bill Gates...
Germany has profited greatly from the Euro arrangement, which locked the southern Eruopean nations into a German exports noose. Germany went on an export binge with her ultra-competitive manufacturing and high-tech industries, far out-competing most others in Europe. Germany's service, construction, and military equipment industries also ran large trade surpluses with the states on Europe's periphery (including those now referred to as the "PIIGS"). Normally. a country running large trade surpluses will see its currency rise in value as a result, and thus lose competitiveness, but importing nations can soften the effects of their trade-balance deficits by devaluing their currencies or taking other trade-protection measures. Those inside the Euro zone could not take such measures, being locked into the same currency and the EU trade treaties.
Being in the Euro zone also helped camouflage Germany's huge trade and current-account surpluses with non-Euro nations. Germany cleaned up.
At the same time, losing control over their currencies meant that lenders from other Euro countries could buy sovereign bonds from, or lend to the banks or other entities in the PIIGS without having to bear any currency-depreciation risk. All debts and bonds were denominated in the Euro. French, German, and Italian banks went on a lending binge to the PIIGS, enjoying the lack of currency risk and the implied guarantee of the ECB that their loans would be protected from sovereign default.
Come 2010, Europe caught contagion from the 2008 US financial meltdown, and the lending banks were faced with default on everything they held from the PIIGS. The Troika rescued the lending banks by buying up the bad debts, and putting all liability on the PIIGS taxpayers, - all debt including that owed by private borrowers, not just sovereign borrowers- and imposed austerity budgeting to prioritize debt repayment. Italy was an exception.
It has been clear for years now that the PIIGS cannot ever pay off their debts. It is also coming clear that Italy and France are in similar straits. Voter revolt and debt repudiation are rising risks. Right-wing politicians in Spain and Portugal fear any success by Syriza in Greece will embolden their left-wing opponents.
Syriza cannot get far right now with its attempt to loosen the austerity strait-jacket, because Greece is pennies away from flat broke. Germany and the Troika have faced down Syriza's attempt to get some wiggle room.
Now that Germany's banks are safe, Germany has felt safe in refusing to entertain any further help for the PIIGS. But the PIIGS economies are in deep depression and present a strong danger to the whole Euro/EU project.
All the Euro states are roped together by the Fiscal Stability Treaty, by which each has guaranteed the debts of all the others. The danger is that if one defaults, the others will be faced with a cascade of defaults as the debt bomb ascends the ladder of fewer and fewer remaining debtors. We have already seen the Fiscal Stability Treaty in play in the discussions this week about a further bailout for Greece - bankrupt Spain and Portugal, and every other Eoro country, being lined up to contribute to another bailout fund.
The ECB's new QE fund may soon come into play in bailing out all and sundry. The Austrian Hypo bank debts which Austria and one of its sub-states guaranteed may issue bonds to the ECB to cover this, if Draghi goes along.
But for any one to say that Germany should just discard Greece is to overlook (1) the overwhelming beneifts of the Euro to Germany, which may well be lost if Grexit leads to further exits or collapse of the Euro; (2) how Germany profited from the debts taken on by the Greeks; (3) the fact that if Greece is expelled from the Euro or the EU it will have no option but to default on its Euro debts; and (4) the fact that Germany remains in the Fiscal Stability Treaty and casting off Greece does not relieve Germany of liability for Greece's debts.
Becky Quick can pee .... on my well carpeted chest !
Thats how Velcro was invented ?
Warren is such an insider who pretends to be an outsider.
Shut up and die.
anyway, i will straighten this up fo all you goofs. the Greeks are the hardest working, succsesfull resturant people in canada. i never met a lazy Greek. i'm mixed breed english scottish. i also work. after a 12 hour shift a greek can drink for 6 hours leaving him 6 hours to sleep. the polish are even tougher. don't even talk about romania.
they are here too. restaurant business is tough, long hours and prickly customers. greeks do it well
Yes. Kick them out.
Let's get this party started.
Next Spain and Italy will break chain and do something worse on the carpet. Then that annoying poodle will start barking.
Face it. This paper training never worked.
I think the poodle will do more than bark. It's going to make a really big mess, one that can't be cleaned up. Then it will be bye-bye carpet.
It is a damn good Ponzi.
I have no idea what the useless americans will do in a situation.
Senile cage match. Buffet/Greenspan. Whaddya think? I'd buy a ticket to see that. :D
I'd like to pee on him.
I was hoping this walking talking fuckstick had died already
I think Munger would shit the rug and roll around in it.
Be glad Buffett says something like this .. it gives people a real glimpse of who this SOB Luciferian dick weed really is. It is an attitude one sees among certain of elite.. . and you know .. they do not think what they say or how they sound is evil, amoral, stupid, crass, disconnected .. soulless is what he and hsi ilk truly are.
He does have a tendency to follow the master's call when it's deemed prudent policy, such as on 9-11, when he decided to change his usual routine and go to that event on that fateful day. When everyone 'in the club' condemns the same thing or person, you know the 'gig' is on.... 'pay no attention to that man behind the curtain'.
Warren, how's that anal cancer growing?
There you go. The banks are doing great, uncle Warren says so.
Net out:
becky "so what do you think of big banks Warren"
warren "ghlah, kafa blah blah big banks are good. Ya hewa jafa and leverage is good!"
He used to at least pretend that enforcing regulations to prevent financial looting was important. What happened to Save and Invest economy warren? Levered speculation with heads I win and taxpayers lose is good now? You have become a real dick warren.
Being very lazy I always liked the idea of being an investor, using Capital to ride on the back of others who do all the hard work.
It puts you on the right side of the trickle up effect:
a) Those with excess capital invest it and collect interest and rent.
b) Those with insufficient capital borrow money and pay interest and rent.
It used to be quite easy in the early days, but now everyone wants to be an investor and no one wants to do anything useful. For every person doing something constructive, they have ten investors riding on their backs.
Anyway, so far I have had 50 years at Berkshire without a single day of hard work producing anything useful. I just use Capital to ride on the backs of others that do all the work.
Can’t complain,
Warren
What did he mean "if you have a problem you want to get rid of" - What does he think the 'end game' is?
The problem arose in the late 70's early 80's, when Corporations started sending all their work to the Far East, for bigger profits. Draining the 'pool' at home, the 'dollar' like the euro, doesn't work in such a mixed bag, even in the states there are States, who contribute to states who don't have any work. Look what your farming out for profit has done to Detroit? To name one.
I would propose that corporations who want to 'manufacture' in a country should register in that country and pay tax there, we should also charge to 'import' there products. The TTIP is one huge Corporate power grab, designed to suit corporates and enslave workers, which is why EU insist on Free Movement, so there's a constant supply of cheap labour! The people need to see what's going on and HELP THEMSELVES!
Look at TATA, just built a nice new plant in China, turning out Jaguars and Range Rovers, for half the cost of UK? With TTIP, because China are in the TPPA, which are all linked, join one join them all, he will be able to sell his CHEAP Chinese made models on the USA market, where does that leave UK workers?............BEGGING, they will work for less, driving profits up! (no pun intended)
the fucking unions priced their members out of the market. do not forget that union wages and benifits increase the price of everything we buy.
Oh Yee should all let me use paper and ink, and loan it to all for exchange for your freedoms!
It would be nice to pee in Buffet's carpet, especially if it is a nice persian XVIII century one. Just imagine... after some oisters with a good white, a little pee over the Gentleman's persian carpet, with a simultaneous satisfaction burp.... ahhh that's life !
this guy supports Clinton, right?
'nough said about his intelligence.
I agree with Buffet. Peeing on the rug in unacceptable. An angry dog has teeth for crying out loud.
Nice image, but I prefer the one of tank cars from Uncle Warren's trains filled with highly combustable fracked oil derailing and incinerating women and children.
Waren just called Greeks dogs.
How does that make Greeks feel?
Oligarchy/Plutocracy 2016! Or is it plutocrazy?
Eat the rich, tastes like chicken.
Hey look. The rug was worn out and already stained with the tears of countless poor, the blood of countless wars, and of those who died in Nazi death camps. Maybe we should all pee on that rug.
Heh, I guess he oughta know all about incontinence.