Reminds me somehow of:
Posted on 05/17/2011 7:42:04 PM PDT by publius321
According to a report from Marketwatch, At Berkshire Hathaway’s annual meeting in Omaha, Chairman Warren Buffett raised more than a few eyebrows when he said that, “The United States is not going to have a debt crisis as long as we keep issuing our debts in our own currency. The only thing we have to worry about is the printing press and inflation.”
He took some heat for that statement. I think it is a bit odd to contend that we don’t already have a debt crisis. If we don't have a DEBT crisis, then we certainly have a CURRENCY CRISIS. Is that supposed to be comforting? In what other currency would we issue our debts? Very peculiar. As I wrote here before, when it hits the fan as described above, the price of Treasuries are going plunge and yields will skyrocket in the secondary market. It's going to look a little suspicious when you have the -Federal Reserve- buying new issues at below 4% while the secondary market has them in double digits. The Federal Reserve will be the last buyer the way things are going.
It's incredibly ironic that the Federal Reserve was ostensibly chartered to be a "lender of last resort" to highly risky institutions. Despite Bernanke’s recent jawboning, perpetual quantitative easings are going to be the only option left at some point.
They have been on a concerted campaign in the past two weeks to talk down the price of commodities including gold and that is all they have left, the useless attempts to scare people into selling things that cannot be created out of this air, things that have intrinsic value – in exchange for their ever increasing supply of ink and paper. They managed to scare a few timid souls into cashing in their metals but not too many are buying it. Sorry but watching it “strengthen” against other fiat paper like the Euro is not a compelling reason to merit an increase against the value of finite items like gold, silver and oil. Those are entirely different from one another.
This may be the Fed’s “last stand” because they know they are NOT going to succeed in banning ownership of gold as the federal government has done in the past. If they tried, they would encounter the mantra “from my cold dead hands”. It is not an option. Metals are like the proverbial smoking gun, a direct confirmation of their predatory practices. Banning the evidence isn’t going to fly.
When the inevitable ramifications of their treachery come to full fruition, you have your food supplies; you have your gold and your peace makers. Be sure you have your emergency communications plan together because there may well be civil unrest. Don't count on the Internet and cell phone working. cbPatriot.com has a volunteer emergency communications plan called the CB Patriot Project. It's composed of people who venerate freedom and the constitution. It is completely volunteer. Ham radio operators are also strongly advised to join as ham serves as the backbone of the national aspect of the plan as it is being integrated with local CB users in each community.
Try this one on for size and read past the first couple sentences and paragraphs:
It’s like a bunch of rich guys running around acting altruistic and claiming the death tax should be reinstated or at higher levels.
What they don’t tell you is their holdings include companies who profit from estate planning, income shelter, etc.
If the government has no death tax it is a direct competition to the insurance companies, law firms, Wall Street, etc.
Without the death tax there is no need for their services and such stringent estate planning.
Here is an excellent video explaining Warren Buffet and Berkshire-Hathaway. Get a cup of coffee and watch it. You will see the scheme explained and then you will get it.
Also note what companies he has acquired, how and why:
Why This Superrich Guy Likes High Taxes
http://www.xtranormal.com/watch/8035391/
Warren Buffett Benefited From Death Tax
http://www.humanevents.com/article.php?id=15951
Wanna know why Buffet pushed for TARP bailout?
Suffice it to say Berkshire owned stock in some largest receipents of TARP valued at $13 billion around that time.
Here is the funny part:
Buffett increased his bank holdings in September, while he was arguing in the media that Congress should approve the bailout to prevent the collapse of the global financial system.
TARP was approved in October of that year, just one month later!
It’s good to be king!
He actually said “if he didn’t think the government was going to act(in a way that would positive and accretive to hihis holding) he wouldn’t have been doing anything that week”. (paraphrased)
For more read here:
http://www.mcclatchydc.com/2009/04/05/65496/buffett-champion-of-bailout-is.html
BofA in April 2009 was around $4 per share and is now trading at $13.80 per share as of 3/02/2001
Wells Fargo in April of 2009 was around $11 per share and is now trading at around $31 per share.
How about US Bancorp trading at around $14 per share in April 2009 and now trading at about $26 per share.
Goldman Sachs Group trading at some $51 dollars per share has now zoomed to above $160 per share.
How about those poor folks at American Express trading at just above $10 per share in 2009 and now they are trading at about $45 per share?
Bottom line: We, the schmuck taxpayer, paid to enhance the holdings of companies like Berkshire and investors in Berkshire.
Buffet, your jedi tricks don’t work well.
Made billions on Tarp and thinks he will live forever.
Waiting for the next crisis, unlike democrats who never let a good crisis go to waste his motto is never not made a few billions on a crisis.
Muahhaahaa! Food and energy inflation don’t harm me! I can afford it! MUaaahhaahaa!
Reminds me somehow of:
I don't know, this almost seems to be an attempt at some Wiemar-based irony in his statement.
Buffet, the only man congress consulted before voting for the bailout. Buffet has an agenda, And it is not in the interest of the USA continuing to be a sovereign country.
“Buffet has an agenda, And it is not in the interest of the USA continuing to be a sovereign country.”
Yes, it seems to be in line with Soros, Gates and the other billionaire lefties.
Treason.
Here’s another article by Buffet that’s a must read.
http://www.fame.org/pdf/buffet3.pdf
By Warren’s father - Howard Buffett was a U.S. Congressman who predicted, in 1948 pretty much what’s going on now - spending into oblivion. It’s an interesting read of the times and puts Howard into some perspective.
cool!
thnx
This from a guy who a few years ago was complaining To his secretary about how much he paid in taxes...and then was surprised to learn she paid more in taxes than he did.
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