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| About Billionaire "Saint" Buffet who endorsed Kerry :D |
| 10.29.04 (10:56 am) [edit] |
Buffet is very good at taking care of his public image like the other super rich class the Rockfeller after a massacre of workers. So not astonishingly for me he declares he will vote for Kerry.
But here one of his true facette. After that yes someone among the billionaires (they are 31 like him to endorse Kerry as I learnt on a blog here) must buy the lefts to guarantee that they won't touch a so much profitable system for guys like him:
From Fund Manager Martin Armstrong
"At the start of the silver manipulation I was flat. I had taken all profits and closed out all short positions. Silver was trading around $4.29 when PhiBro walked across the ring and handed to my broker an order to buy 1,000 lots of silver every penny down for as far as you could see. They intentionally showed me the Buffet order. Later Bob Gotlieb from Republic Bank call me and tried to get me to join the manipulation. He said, "Something big is coming down in silver," and when I asked who was behind it, he said, "Your friends in Connecticut." After being approached several times to join the manipulation, I reported to my clients that "they" were back. I would not have used the term "they" if it had been someone other than the same crew as in 1995. I was told that the silver price target was $7. I reported that information on our website. I was NOT short. I knew what they were capable of doing. Then I left the country for my usual fall tour. I was invited by the government of China to discuss the Asian crisis. I visited the government there in December 1997. Upon my return silver was at $6.40 and everyone indeed had been led to believe that it was me because the orders were routed through Republic to give the market the impression that I was the one buying the silver. In fact, it was Republic buying the silver itself and moving it to London. "
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"There are also misconceptions about the current class-action lawsuit in silver and copper. Some try to portray this suit in silver as only one player. In fact, a class-action lawsuit is significantly different from merely a garden-variety lawsuit. Class-actions are open to EVERYONE and ANYONE who has lost money trading silver. This will include industrial users or the jewelry-trade who were harmed by the 70% lease rates. Such class-actions are NOT funded by one small investor, but are funded by the law firms who are defending the public on a performance basis. While one particular individual may appear as the defendant, it becomes irrelavent as to who that individual is. Such suits allow the small individual to go against a major group or institution on an equal footing.
Unfortunately, we must deal with reality - not bias, passion or prejudice. There is NO question in our mind that silver has been the target of a concerted effort to force its price higher through an all out attack on this market including - forwards, borrowing, options, futures and bogus analytical hype by not so independent analysts. In fact the evidence taken as a whole, suggests that this current rally in silver is merely phase II of a previous attempt to force silver higher, which most likely began back in 1995. And of course there is Warren Buffett who is now being portrayed as Saint Buffett among silver's passionate followers. Somehow, Mr. Buffett who purchased 129,710,000 ounces of silver is being portrayed as the avenger against those most disgusting of all people - the dreaded shorts and industrial users. Nonetheless, there are serious questions as to why Mr. Buffett's order was executed in London at a premium price when the silver was available at a discount in New York all the time. Some have tried to argue that London silver is a better grade of silver than that in New York. Perhaps this myth was propagated by the September COMEX meeting when it was discovered that some silver stored at the COMEX bore hallmarks that had been delisted by London. The "quality" of silver was none the less the same - .999. However, because the hallmarks were of 1974 vintage by firms that no longer existed, prompted the need to have a portion of the COMEX stockpile reassayed making the move of silver from NY to London even more expensive. "
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posted by: WinstonSmith (reply)
post date: 10.29.04 (11:34 am)
I respect your, funnydiscovery-- and suspect that most billionaires do look after their own interests, which is why they get rich in the 1st place.
However, unlike the gluttonous billionaires who support Bush, Warren Buffett SUPPORTS policies to PAY MORE TAXES... I refer you to his article: http://www.commondreams.org/views03/0520-09.htm
It is not whether someone is rich or not-- but what their public policies and contributions are... I also suggest you research into the foundations set-up by Warren Buffett to give to charities. Buffett's policies are more sane than Bush's billionaires' are...
posted by: funnydiscovery (reply)
post date: 10.29.04 (12:02 pm)
Did you read the article :)
This guy is the MASTER OF MARKET MANIPULATION and is you can expect he is A MASTER OF MANIPULATION OF OTHER DOMAINS.
In stock Market he has also dressed up an image of "Wise" and faint to fight market manipulation whereas he stands behind as shows the article from a Big Hedge Fund Manager.
He wants Tax because he owns BONDS which interests are paid with TAXES. Of course he won't say the real reason, he will pretend that's it for the Poors and Downtroddens. Funny from the second richest Guy to say that whereas he also knows that Money cannot be created so what he has taken is much less money for the people. At least Bill Gates is rich for having created something and an industry whereas he is only a big in fact the biggest Alligator on Wall Street.
posted by: funnydiscovery (reply)
post date: 10.29.04 (12:06 pm)
Now that he endorses Kerry against Bush doesn't annoy me, since I would prefer to endorse Kerry also, what annoys me is that people are naïve and not conscious that their political party is bought by their worst ennemies.
posted by: PatriotActs (reply)
post date: 10.29.04 (12:35 pm)
Reply to: funnydiscovery
I agree with you-- Like you I want Kerry to win... That Doesn't Mean I Think Kerry or Buffett are "saints"-- they're not!!!... We'll have to keep their feet to the fire-- It's just they'll be a helluvalot better than Bush-the-Butcher!
posted by: WinstonSmith (reply)
post date: 10.29.04 (12:41 pm)
Reply to: funnydiscovery
Actually the bond market will get paid their interest payments (based upon the huge debt run-up by Bush) irrespective of the tax on income or dividends...
I don't think Buffett is a "saint"-- but I do think his concern about massive tax cuts to the rich at a time when Bush is spending like a drunken sailor is the right advice for America.
You make an excellent point however-- I do think that we must re-think the unfair distribution of wealth in our nation... But I don't agree that tax cuts for the rich, and the burden placed upon the rest of us to settle their massive deficit spending-- while citizens' needs go untended (health care; poverty; social security are being neglected)...
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