Warren Buffett, Government Propagandist

Discussion in 'Economy' started by coolgeee, Oct 25, 2008.

  1. coolgeee
    Offline

    coolgeee Member

    Joined:
    Jul 21, 2008
    Messages:
    102
    Thanks Received:
    6
    Trophy Points:
    6
    Location:
    NYC Area
    Ratings:
    +6
    “Believing that fundamental conditions of the country are sound and that there is nothing in the business situation to warrant the destruction of values that has taken place on the exchanges during the past week, my son and I have for some days been purchasing sound common stocks”

    ~ John D. Rockefeller, October 29th 1929.

    I’ll tell you what the real purpose is behind Warren Buffet’s recent column in the New York Times.

    Buffett writes, “Buy American. I Am.” He goes on to say that Americans should not panic and flee equities, but instead, they should buy them. That’s right – Warren Buffett wants people to buy equity stakes in American companies.

    Buffett is doing the government’s dirty work in trying to calm the fears of the masses. That was the whole purpose of his column. He agreed to become an instrument for the establishment, and when Buffett speaks, people tend to listen.

    continued here:
    Warren Buffett, Government Propagandist
     
  2. coolgeee
    Offline

    coolgeee Member

    Joined:
    Jul 21, 2008
    Messages:
    102
    Thanks Received:
    6
    Trophy Points:
    6
    Location:
    NYC Area
    Ratings:
    +6
    I’ll tell you what the real purpose is behind Warren Buffet’s recent column in the New York Times.

    Buffett writes, “Buy American. I Am.” He goes on to say that Americans should not panic and flee equities, but instead, they should buy them. That’s right – Warren Buffett wants people to buy equity stakes in American companies.

    Buffett is doing the government’s dirty work in trying to calm the fears of the masses. That was the whole purpose of his column. He agreed to become an instrument for the establishment, and when Buffett speaks, people tend to listen. The timing was perfectly executed. As the markets splintered and rocked the world of regular people everywhere, they were exiting their speculative adventures in equities and escaping to safe havens in their 401k accounts. And here was the respected, industrious, sensible folk hero, telling everyone that the fear felt by others should be a sign to us, and let that dictate our speculative strategy.

    continued here:
    Warren Buffett, Government Propagandist
     
    • Thank You! Thank You! x 1
  3. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,705
    Thanks Received:
    11,044
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,027
    This is silly and should be in the Conspiracy area.

    Warren Buffett is buying stocks because investors are panicking and stocks are getting cheap. This is how he has built his fortune.
     
  4. eots
    Offline

    eots no fly list

    Joined:
    Jan 6, 2007
    Messages:
    28,995
    Thanks Received:
    2,034
    Trophy Points:
    205
    Location:
    IN TH HEARTS AND MINDS OF FREE MEN
    Ratings:
    +2,606
    no question about it...
     
  5. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    Money managers like Buffett usually buy large stakes in certain companies and then publicly announce it. The result is the stock prices go up and they make billions. Except in this case Buffett has purposely bought stocks that the government (i.e., the taxpayers) are going to bail out, so he'll get even more profit.
     
  6. Gunny
    Offline

    Gunny Gold Member

    Joined:
    Dec 27, 2004
    Messages:
    44,689
    Thanks Received:
    6,753
    Trophy Points:
    198
    Location:
    The Republic of Texas
    Ratings:
    +6,770
    Warren Buffet needs to speak only once in one forum.:eusa_eh:
     
  7. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617

    Do bear in mind however that in at least one stock purchase he made that I know of, his stocks are "prefered stocks".

    That means that he gets paid before anyone holding common stocks.

    I suspect that every multibillion dollar purchase he's made in the last couple weeks are that way, too.

    You small investors won't be given that exaulted position when you buy your equity purchases.

    Something to consider.
     

Share This Page