Monday, April 25, 2011

Parasitic mindset

I was born and raised in Omaha, Nebraska, and no one is spoken more highly of than Warren Buffett, mega-billionaire CEO of Berkshire Hathaway.  Known for his immense wealth, expert financial knowledge, and (supposed) philanthropy, he is largely well regarded in Nebraska and around the world.


Late last week, the Washington Post published a quite revealing article about the nature and mindset of the international parasitic bankers, fraudsters, and financiers of death and destruction that largely control the global economy.  Mr. Buffett is quoted in the piece, which I'd like to excerpt briefly for readers here (bold and underline mine):
Last month, Warren Buffett went shopping — abroad.

He flew to South Korea for a factory opening and called the country a “hunting ground” for investments. He also pronounced post-earthquake Japan “a buying opportunity,” and then traveled on to India, where he said he was eyeing more acquisitions.

This is Buffett’s way of betting against the U.S. dollar. Armed with about $38 billion of cash at Berkshire Hathaway, he can use dollars now to buy companies that will generate profits in other currencies for years to come. (Buffett is a director on the Washington Post Co. board.)

“I would recommend against buying long-term fixed-dollar investments,” Buffett said at a public appearance in New Delhi. “If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011 five years, 10 years or 20 years from now, I would tell you it will not.” 
Never mind the death and destruction, not to mention the threat to the world's population due to the release of radioactive material, which resulted from the Fukushima disaster.  There is money to be made, damn it, that's all that matters.  Who cares about the people in Japan that have to deal with this radioactive mess?

Later in the article we learn:
“One of our key themes is that there is a chance for an expedited decline in the U.S. dollar,” said Daryl Jones of the research and consulting firm Hedgeye. “The way the calendar is lining up in Washington, there will be opportunities for global currency traders to vote against the dollar.”

If the dollar were to lose its status as the world’s reserve currency — which means that most international transactions and commodities are priced in dollars — that could raise costs for the U.S. economy.
Translation: the parasitic bankers, fraudsters, and financiers will make money off the declining value of the U.S. dollar, while the serfs and modern day slaves see inflation decimate their already meager paychecks, as foodstuffs and basic commodities continue to rise.  These are the sorts of people that should be shunned and ostracized from society, not rewarded and praised.

Hang the bankers!  (h/t Les Visible at Smoking Mirrors)

4 comments:

  1. Excellent post.

    Good to see a mention of OMAHA!

    http://aangirfan.blogspot.com/2009/12/omaha-is-famous.html

    - Aangirfan

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  2. Thanks aangirfan, I was born and raised in Omaha, and that Franklin Scandal took place when I was a little kid. I never even heard of it until about 2 years ago when I stumbled upon DeCamp's book about it. I was literally terrified after reading his book. And to know this type of depravity occurred right in the city I called home for over 20 years.....

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  3. Do you realise that by investing in post-earthquake Japan he's actually speeding up the process of reconstruction? Can't you see that it's a win-win for everyone involved, which is what capitalism is all about? You need to disabuse your mind of the primitive notion that self-interest is intrinsically evil. If pursued in a fair manner, you can do good and get paid for it.

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  4. Rich people taking advantage of natural disasters and economic depressions to make enormous amounts of money is a noble endeavor? I don't think so.

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