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Warren Buffett Says Second Round of Looting Might Be Needed
Reuters
Thursday, July 9, 2009
WASHINGTON (Reuters) – Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.
Buffett, the billionaire founder of Berkshire Hathaway, said Americans suffered “a shock to the system” from the economic difficulties in the final quarter of last year but had started to rebound.
“We’re not in a freefall, but we’re not in a recovery either,” he told ABC’s “Good Morning America.”
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“We were in a freefall really in the last quarter of last year, starting in the financial markets and spreading to the economy, and we had this huge change in behavior.”
Buffett, a supporter of President Barack Obama during last year’s election campaign, said a second economic stimulus package might be needed. The Obama administration says it does not see a need for a second stimulus yet.
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30 Responses to “Warren Buffett Says Second Round of Looting Might Be Needed”
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July 9th, 2009 at 12:31 pm
The more they “stimulate” the worst it is going to get. The Govt have a unfair advantage in changing the rules with business, and because of this, when they talk about “meddling” in the economy, such as stimulus or energy tax, investment foreign or domestic freezes. This all points to poor leadership. They need this economy to collapse, so when the riots starts, they can permantly suspend all our liberties, and kill all dissenters. This is just not sustainable. Americans are deeply concerned and are sticking to their religon and guns. Welcome back the blackmarket gold currency.
pitofdoom Reply:
July 9th, 2009 at 2:14 pm
Govt. disclaimer, “we go ugly early” & “throw shit on the wall”
and you’ll pay for it either way it lands!
Social Viability Reply:
July 9th, 2009 at 2:22 pm
“We were in a freefall really in the last quarter of last year, starting in the financial markets and spreading to the economy, and we had this huge change in behavior.”
I love how he acknowledges that the financial markets are not a part of the economy by referring how a crash in the financial markets spread to this other thing: the economy.
The financial markets are NOT a part of the functioning economy. They are merely a part of the leech that feeds upon the vitality generated by the functioning economy.
This economic crisis is nothing more than the result of the people tolerating huge sectors of society that siphon massive wealth away while not providing any useful product or service that actually improves the quality of life in the society.
This asinine dysfunctional system needs to abandoned and dissolved utterly. A ten-year-old could formulate more sensible commercial infrastructure.
Don’t fight the system:
Replace it
http://socialviability.com/
mjfdog Reply:
July 9th, 2009 at 6:27 pm
Please check out his site that I found… It is awesome and there is so much information about everything. The spiritual info is just what the doctor ordered… Too much bad news all of the time…. Turn your day around… http://www.thegrandawakening.com
Aussie Bob Reply:
July 10th, 2009 at 12:35 am
Of course, Warren Buffett wants another economic “catastrophe.”
If, you, like me, read all his books you would soon realize that “talking down” the economy is to his advantage. He will buy up all the “bargains” that the “sheeple” have discarded!
Beware of the “second bounce” as predicted by some non-affiliated journalists!
July 9th, 2009 at 12:40 pm
Well then you be sure to send me some of that money Mr. Buffett.
I just don’t see how these hogs can spend so much money. How many mansions, fast cars, Swiss bank accounts and islands do you really need? Can you please stop robbing us and please go retire somewhere and leave us in peace?
July 9th, 2009 at 12:59 pm
Well, he is right about one thing. The best days for America lie ahead. Not in a week, or a month. He is right about that, but not for the reasons they say. When we regain our country, the best days will be then.
Madman Reply:
July 9th, 2009 at 1:39 pm
True that…
They are milking the economy like a gay man’s prostate, either way, the American people are being f**ked.
July 9th, 2009 at 2:18 pm
Well, being filthy ,stinking, immorally, obscenely, disgustingly, giddily, RICH……is extremely expensive. Please think about US for a change, and stop being so selfishly self-centered.Now go recycle!
July 9th, 2009 at 2:24 pm
Please read “ATLAS SHRUGGED” by Ayn Rand
She had foretold all these back in 1957
July 9th, 2009 at 2:40 pm
No need for a second stimulus is aka for I don’t feel like printing more money right now.
July 9th, 2009 at 2:54 pm
The “oracle” is telling us what to expect, he should know after being a insider and a promoter of the get rich club, he more than likely has been involved in money manipulation and insider trading secrets, involved with various think tanks, and has been tapping the american ass for many a year. I liked it when he did a interview and showed he payed less in taxes than his secretary and y’all wonder haow this country got to the be at this stage of crumbling.
July 9th, 2009 at 3:03 pm
The most depressing part of this is that they will get away with passing another so called “Stimulus” package and make off with another few trillion dollars before the remainder of the population will wake up and decide to do anything about this communist plan.
July 9th, 2009 at 4:11 pm
Let’s not be so cold hearted. They need cash. Come check out some other incredible news here as well: http://www.thegrandawakening.com/
July 9th, 2009 at 4:27 pm
If Obama said it wasn’t needed, or they had no intention of doing it, it will be LAW within a WEEK.
July 9th, 2009 at 4:45 pm
Yes indeed my portfolio has been a little depleted, I need a new transfusion from the American suckers oops, I mean taxpayers ASAP!!
July 9th, 2009 at 5:22 pm
Let’s cut the horse-shit.
http://www.pentwhistle.com/
July 9th, 2009 at 5:51 pm
Where the hell’s my check !!!!!!!!
July 9th, 2009 at 5:56 pm
Where’s my check ??????
July 9th, 2009 at 6:18 pm
Warren Buffet is little more than a highly accomplished criminal.
July 9th, 2009 at 6:49 pm
hussein promised me a check, where the hell is it ???????
July 9th, 2009 at 6:54 pm
Yeah right Warren, whatever you say.
Actually I can’t even be bothered to read his drivel, I’ve a pretty good idea how it goes.
July 9th, 2009 at 7:01 pm
Look, my rent, car payment, & child support’s due, WHERE THE HELL’S MY CHECK ????????
July 9th, 2009 at 7:26 pm
hussein TOLT me I would be gettin’ a check. WHERE THE HELL IS IT !!!!!!!!
July 9th, 2009 at 8:35 pm
Why does the money trust want a delinking of gold and the dollar, and celebrate inflation in all its diabolical forms?
Very simple.
If the dollar were still linked to gold at $35 an ounce, as it was from the 1930’s to 1971, you could just stick money into a mattress, and the buying power 20 years later would be identical. That is antipodal to the desire to create incentive to investment in the stock market.
Inflation requires that EVERYBODY take risk just to stay even. The entire population needs to become risk-takers just to preserve buying power. This is especially evil when one considers that the money in question has already been taxed, both hidden and overtly, to an effective 60 to 70% level, leaving only about 30% after paying all the hidden and stated taxes. Then, that 30% needs to be risked in sketchy and questionable enterprises like the stock market, if one isn’t to lose all one’s buying power over time. That opens the door for the professional thieves to steal the remaining 30%, be it from naked shorting, or commissions, or an outright rigged game. Nobody would play that game, AS THEY DIDN’T from 1930 to 1971. Once the population had to risk in order to just stay even, the markets took off.
It really is pretty straightforward. We’ve been getting screwed for a long time. This is just the most obvious and overtly usurious example.
July 9th, 2009 at 10:08 pm
Ayn Rand was commissioned by the Druidic council (headed by Rothschild) to write that book. She was in fact a member of the Golden Dawn and Atlas Shrugged is required reading for all Illuminate. As far as money goes,,, they don’t need it but they dont want you to have it for sure. And obviously the more they have the more they can afford to loose. What do they care if they loose a Corp. here or there when they own over half the planet. Just keep in mind when some nobody steps up offering to save us all from them, DONT TRUST HIM EITHER! HE IS ONE OF THEM! Remember, Wolf in Sheeps clothing. None of this is about money really, it is more about worship than anything else at all. This is an ancient battle and it would serve you all well to look into what they believe about themselves. They believe they are the offspring of the Anunaki, Nephelim blood. If you dont know what I am talking about start Googling, then get your Bible out and read Genesis and Exodus. Then if you really want to know get the book of Enoch (yes he wrote a book) and the book of Jasher (also mentioned in the Bible). Learn what the true meaning of the Dragon is. Open your eyes to what was in the ancient past because that is where the future is going.
Patience11 Reply:
July 10th, 2009 at 12:40 am
I belive it is about worship. That is why the elite seemed to be so angry at Michael Jackson, when it seemed like people started to worship him instead for a quick second. I mean, the news brought the time to do other things, since no one was looking, but they still hated the idea that sone who considered peace and child innocence would end up being worshipped. (Yes, I know that MJ too was once employed by the elite). All it comes down is them wanting to be GODs, and they will soon learn no man can be a GOD over nature.
July 10th, 2009 at 12:36 am
warren buffet should be held for treason and fraud. Is there any reason why the guy is making 3 times more money now since he backed goldman sacs. The guy keeps predicting thing before it happens. Shouldn’t be a sign of alarm that he is in the know, and has inside information.
July 10th, 2009 at 2:07 am
Who do u think tracked the presidential flight on that incredible day?There is some scepticism about who purchased $M of shares on same day!
July 10th, 2009 at 9:02 am
FLASHBACK: Where was Warren Buffett on 9/11?
http://killtown.911review.org/buffett.html