Frankly Dear Warren, I always knew there is something wrong with your folksy Image. You are the one of the biggest SOPITALISTS. Beneficiary of Dollar Depreciation and bigger than life Corporate America Insider.
"While many complain about taxpayers’ burden in bailing out banks, investment legend Warren Buffett points out that so far, taxpayers haven’t paid a cent.
“The taxpayer literally hasn’t bailed out anybody,” he told BBC. “We haven’t had a tax increase in the United States.”
So who’s paying for the bailout if not taxpayers?
“The lenders to the U.S. government have been bailing them out,” Buffett says. It’s really the Chinese, Japanese, and other foreigners buying Treasury bonds who have financed the bailout, he says. "
Dear Reader, notice how the above, cleverly, sidesteps the National Debt part of "Degree of Sopitalism" Formula, I presented just couple posts before this. Notice the statement part "we have not had tax increases". Of course, Dear Buffet, because we hid that by increasing the National Debt. Hallelujah! And then notice the part "So Far". That means Dear Buffet knows the existance of that gworing National Debt. But He did everything he could, in this article/interview to avoid the fact that it will eventually be payed TAXPAYER. Leaving less initiated to think: Perhaps foreigners will continue to pay for all of this. Yes, I am President of China
Really Dear Buffet?
Who pays for diminished Dollar Purchasing Power? Not your companies, they are the major benefcieries and bigger bonuses due to US losing purchase power! As they translate weak Dollar in higher, BOGUS profits Dear Warren!
Who will have to pay for more than 64 Trillion Gove debt ( for you math to get straight, foreigners only have less than 10 trillion of it, unless , of course, Dear Warren always saw most of US as foreigners in his imaginary world(:-). So, how could the same Man Dearest Warren, can say on one hand ( in WSJ just few weeks ago) that we are mortgaging our kids and say the above after only few weeks.
Senior Moment Dear Buffet? I always knew SOPITALISTS cannot keep the truth straight. Even if they are as smart as Dearest Warren Buffet.
Of course, catching the Bonanza of CRASH results helps to modify the history a bit( GS warrants made him Billions , so far, which he picked up at the height of collapse, at the same time he was , very wishy washy about the prospects of quick recovery!) There is nothing like couple Billion Dollars to change one's historical perspective of things. And that is true even for multibillioner like Dear Buffet.
No! now, I can agree , with you Dear Buffet, we got a lot foreigners that we SCREWED and I can see you laughing about that or at least not losing sleep over it. But, from there to say that USA public does not pay for what goes and pick and chose the parts(bank bailout) as offset able by DUPED foreigners is a mistake. Because Dear Buffet, Chines and Japanese are also laughing all the way to the bank, for , for all of those SCREWED up Dollars we cheated Foreigners out of they say to themselves... " these stupid Americans" we sold to them worthless toys and clothes for real money with which we can buy the OIL in Africa and resources in South America and Australia etc.
I know from your and Wall Of Shame Street Point of view the last who laughs are SOPITALISTS all over the world( including you and wall street), because , in the end loss of Dollar Purchase Power is what ordinary US will/is suffering and more of it coming! Pretty soon an American will be working for the same wage as his/her Chines counterpart!
Now, again, this was and inevitable process in the world where boundaries broke down. American car assembler could not continue making 30 times of what his/her Chinese counterpart gets, but still the loser is the loser. Who was not told that this is what is coming and they should do something about their Dollars, cause they are DISAPPEARING! Especially this is true for Savers, People On Social Security etc. Instead we fed them with "STRONG DOLLAR POLICY" BS to keep your types ahead of the curve in Dollar Depreciation. Oh, I know you are not planning on living on Social Security and it is hard for you to understand what average US is talking about(:-
Well, that is OK, Dear Warren. We have never thought you had it all straight. So, we will not hold this against you , because we already did in the pasts.
OK, I will give to you one more thing. "So far" is so cleverly added in your statement is MASTERFUL. You know it will , eventually paid by US taxpayer. You do!
Well, you then should read, may have read, my "degree of sopitalism" formulas, because that "so far" addition in your sentence , apparently encompassed the National Debt part, currently hidden from population.
Here is my comment on GOld on September 17. Subscribers can see it on the http://www.antisopitalist.net/
