You can hear it in Warren Buffet's voice this morning on the interview. He's lying. I thought he was lying on Maria's interview a couple of weeks ago. He's lying again. As the call drags on, he is gaining some confidence . . . because he is getting softball questions. But I will give Becky credit, because she is his Sweetie and she asked him the toughest questions.
Look at it this way.
1 - He says he invested in Goldman because they are the best, and he has done business with them for a long time. Oops . . . that was when they were an investment bank. Now what? Now they are changing their business model, so the past does not apply. Liar, liar Warren.
2 - He says he invested now because the government is going to take action. How would he know that? How would he know what they are going to do? How does he know they will do enough? Warren would not have thrown $5B at this, unless he knew something? Liar, liar Warren.
3 - He ONLY invested in Goldman. So does that mean Goldman is the only company "worth" investing in or was he forced into this deal, or does he now something we don't? Liar, liar Warren.
4 - He says the bail out will make a profit, but when Sweety Pie Becky asked him if he was buying some of this stuff, he said NO. Double-Talk Warren. Double-Talk.
He's totally lost all of my respect as a man, a human being and an investor. He cut a deal with the Devil. But now he's still just hoping this all works. I believe, as Larry Kudlow, used to say . . . FREE MARKET ECONOMY. It's funny how Kudlow is not using that on his show anymore.
We are in a War. It is clearly Main Street against Wall Street. Everyone is taking sides. You must continue to email and fax and call your Senators and Congressman. We go into a Depression either way. But if Wall Street wins, we come out of this naked, crawling on our hands and knees. If Main Street wins, at least we come out with our dignity, standing tall to fight another day like Americans . . . not slaves to Wall Street pigs.
Mike's Blog - www.888Mike.com
Mike's Website - www.Morgan-Florida.org
Email Mike - Mike@MorganFlorida.org
Mike's Investment Advice - Click Here
;)
;)
Mike- Good God, what are we to do with our IRA's which are in Mutual Funds, even the really good ones like Mutual Shares??? I remember pulling out way late in the game in 2002 and locking in my losses. It hurt then and I fear it's going to hurt again. Our country is in a HUGE mess and I haven't a clue what to do about it. What would happen if we all pulled our money out of mutual funds and just sat in CD's for a year or so. Would they even know we left. Thanks for listening.