'WARREN BUFFET' on the Financial Crisis in U.S.

a farewell to democracy

AND SO, THIS WILL BE THE PRETENSE UPON WHICH OUR CONSTITUTION WILL HANG BY A THREAD. WHEN WEALTHY EVIL MANIPULATES EVENTS THAT FORCE (us) THE PEOPLE TO BEND TO (their greed driven) WISHES, WHICH WILL BE REMOVAL OF MOST OF OUR BASIC FREEDOMS IN THE NAME OF SURVIVAL, SECURITY, and JUSTICE.

EVIL SELF-SERVING WEALTH IS and WILL CONTINUE TO ENJOY OUR BASIC FREEDOMS and MORE BUT THE MASSES WILL BE IN BONDAGE DISGUISED AS FREEDOM. IT IS ALREADY HAPPENING AND THEY ARE TESTING THE WATER RIGHT NOW. THIS CURRENT MANIPULATION IS A TEST OF (their) CURRENT MANIPULATIVE U.S. and WORLD CONTROL AND IT SUCCEEDED!

NEXT TIME WILL BE REAL AND WE WILL WATCH MUCH OF OUR FREEDOMS DISSOLVE BEFORE OUR EYES AS WE LOSE OUR HOUSES AND OTHER BASIC NECESSITIES AND ARE ASKED TO ENSLAVE OURSELVES IN THE NAME OF DEMOCRACY and THE GOOD OF THE NATION.

WB putting his mouth where he put his money!

Warren Buffet indeed is a great investor. Buffet would not have invested $5 billion of his own money in Glodman Sachs were he not SURE that Henry Paulson, the former CEO of GS would do everything in his power as the Treasury Secretary to save Goldman!

As much as most people might agree with him on the urgent need for the government to do something to help the financial crisis,  I am not sure if everyone is as ardent as him granting unlimited spending power to Henry Paulson. This is Buffet's  quote: " I think we should give Paulson a blank check", and not have many people interfere with how he spends it.

Sorry Mr.Buffet, your recent Goldman Sachs investment might benefit tremendously by that decision, but Henry Paulson is not quite the KING HENRY YET!!

This is like giving Cheney the power to choose wars, I am sure he would choose the wars that would benefit his former company, Haliburton. Oh wait, he already did that :-)

PS. We already have seen  Mr. Paulson pick and choose: he
actually bargained for JP Morgan to pay $2 p/s rather than the offered
$10 to Bear Stearns, he quietly watched Lehman go under and Merrill
Lynch to be bought over the weekend, but on Monday he went on fire and saved GS and MS from the same fate. If I had Warren Buffet's money, I would have bet it
on Paulson using everything in his power to save Goldman Sachs too!!

Shed more light on the crisis...

Thanks for the post but:

"Shed more light on the crisis than what?"

Buffet's vested interests lie within this economic house of cards which is the US economy which runs on two things: escalating debt and psychology.

He's trying to talk up the 'confidence' in an inherently unstable economy. It's inherently unstable because of the mountain of debt that the country has been saddled with by the excesses of the past 8 years.

“…100% of what is collected is absorbed solely by interest on the Federal Debt…all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.” –Grace Commission report submitted to President Ronald Regan 1984

The US is a debt junkie and the same as a heroine junkie it needs another temporary 'fix' but exactly like a junkie this will not help the patient. Eventually the junkie will have to admit he needs a fundamental change and with the US economy this cannot occur without that which creates this debt culture.

ie the federal reserve system.

The federal reserve is a system set up to suck the patient of its life force through the creation of credit (ie debt) and thereby creating profits for its masters (private bankers).

Check my previous blogs. Unless the inherent problems are understood, and changed from the very root, the people will continue to be taken for a ride.

"Every Congressman, every Senator knows precisely what causes inflation...but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job." -- Robert A. Heinlein, Expanded Universe

In other words, the bankers are the elite behind the facade of democracy and governance.

"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States." -- Sen. Barry Goldwater (Rep. AR)

And that's what they're trying to manipulate again now. Or as Henry Ford stated it so simply (but naiively):

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford

Of course this would not happen as the public have been too conditioned by their masters. The bankers understand this all too well as epitomised by this quote by JP Morgan:

"Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."

What does all this tell us about the disdain with which the 'elite' think of the people? The whole system needs to come to its knees! So a more just, better future can rise from its ashes.