Warren Buffett

“There Are Fates Worse Than Death”: Catherine Austin Fitts & James Corbett Expose The Injection Fraud… And Much More (MUST-WATCH VIDEO)

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Complete control over humanity coming to all countries near you…

https://youtu.be/xI_JvEbEEHc

via the New York Times:

Bill Gates Met With Jeffrey Epstein Many Times, Despite His Past

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Buffett Bought 75 MILLION Apple Shares During Q1; Total Stake Now Worth $42.5 BILLION

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– Buffett Bought 75M Apple Shares During Q1; Total Stake Now Worth $42.5B:

Warren Buffett took a break from explaining his views on bitcoin to pop star Katy Perry to reveal during an interview this week that Berkshire Hathaway bought another 75 million Apple shares during the first quarter – bringing Berkshire’s total stake to 240.3 million shares worth roughly $42.54 billion.

That’s nearly twice as much stock as Apple itself bought back during the first quarter as it marshaled a flood of repatriated profits unleashed by the Republican tax reform law to carry out the largest corporate buyback in US corporate history.

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Amazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”

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– Amazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”:

In a move that might explain why Amazon has been quietly acquiring pharmacy licenses (not to mention hitting daily all time highs) the e-commerce giant – along with Warren Buffett’s Berkshire Hathaway and JP Morgan Chase & Co. – announced on Tuesday morning that they would partner to form a new health-care venture.

As stated in the press release, “Amazon, Berkshire Hathaway and JPMorgan Chase & Co. announced today that they are partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs. The three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making incentives and constraints. The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.”

Read moreAmazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”

Warren Buffett: “I Would Buy A Five-Year Put On Every Cryptocurrency”

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– Buffett: “I Would Buy A Five-Year Put On Every Cryptocurrency”:

“[Cryptocurrencies are] something I don’t know anything about… [but] I can say with almost certainty that they will come to a bad ending…”

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Bill Gates, Jeff Bezos and Warren Buffett own more wealth than the poorest half of the US

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– Bill Gates, Jeff Bezos and Warren Buffett own more wealth than the poorest half of the US:

The three wealthiest people in the United States – Bill Gates, Jeff Bezos, and Warren Buffett – own more wealth than the entire bottom half of the American population combined, a total of 160 million people.

The three business moguls have a total wealth of $248.5bn (£189bn), while America’s top 25 billionaires together hold $1tn in wealth – about the same amount as 56pc of the US population combined.

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H/t reader squodgy:

“Warms the heart.”

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The Value Of “Lunch With Warren Buffett” Plunges 22%

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– The Value Of “Lunch With Warren Buffett” Plunges 22%:

The winning bidder in legendary investor Warren Buffett’s annual charity auction has pledged $2.68 million for the privilege of eating lunch with the billionaire investor… about $800,000 shy of the record sum of $3,456,789 paid in 2016.

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Half of humanity’s wealth is owned by only eight people

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– Half of humanity’s wealth is owned by only eight people:

In 2017, the wealth gap is wider then ever before. Just eight billionaires have a net worth of more than half the world’s population combined. To illustrate the rate at which this growth continues to occur, last year there were 62 individuals who had collectively accumulated as much wealth as half the planet. The gap continues to grow, and Americans continue to fork over their money to companies like Microsoft and Amazon. In fact, six of the eight wealthiest men are Americans.

An analysis from Oxfam warns that the gap between the rich and the poor is greater than ever. In their report, An Economy for the 99%, Oxfam describes the gap as “obscene.” The analysis reveals that eight very wealthy men have a combined net worth of $426 billion. There are 3.6 billion people comprising the poorest half of the world’s population, and their combined net worth is only $409 billion.

Read moreHalf of humanity’s wealth is owned by only eight people

Trump’s Latest Fan: Buffett Bought $12 Billion In Stocks Since The Election

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– Trump’s Latest Fan: Buffett Bought $12 Billion In Stocks Since The Election:

Count one of Hillary Clinton’s biggest financial backers, billionaire Warren Buffet, among the biggest fans of the “Trump rally.”

In an interview with Charlie Rose recorded on Friday, Warren Buffett said that since the election day, Berkshire Hathaway bought $12 billion in stock. This was a change in strategy for Buffett, who as it turns out was a net seller in the first nine days of the month, when Hillary seemed like a guaranteed winner in the November election, one which Buffett was selling into.

“We’ve, net, bought $12 billion of common stocks since the election,” he said in an interview with Charlie Rose that aired on Friday. Buffett didn’t identify the securities that he picked. As of Sept. 30, Berkshire had an equity portfolio valued at $102.5 billion.

Read moreTrump’s Latest Fan: Buffett Bought $12 Billion In Stocks Since The Election

Warren Buffett Exits Entire Credit Default Swap Exposure, As Citi’s Appetite For Derivative Destruction Surges

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Continue to prepare for collapse. (And maybe support this website if you can.)

– Buffett Exits Entire Credit Default Swap Exposure, As Citi’s Appetite For Derivative Destruction Surges:

It was considered one of the bigger paradoxes for years. Back in 2003, Warren Buffett famously dubbed derivatives “financial weapons of mass destruction” and yet over the next several years went ahead and entered a number of the contracts, including both equities and credit, ostensibly by selling CDS to collect up monthly premiums. However, at least when it comes to CDS, after several years of Berkshire trimming its credit derivative exposure, it is now completely out. Meanwhile, Citi is loading up on any CDS it can find…

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Billionaire Warren Buffett Pledges To Drive Voters To The Polls In November

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– Billionaire Warren Buffett Pledges To Drive Voters To The Polls In November:

Just when you think this election could not get more ridiculous, with even the Simpsons endorsing Hillary as President, the king of crony capitalism Warren Buffett has offered to drive voters to the polls in November.

According to NBC, Buffett pledged to “take at least 10 people to the polls who otherwise would have had difficulty getting there” on November 8, challenging his congressional district to “give America a civics lesson. Buffet said he even reserved a trolley called “Ollie” Monday. “It seats 32, I’m gonna be on it all day, I’m gonna be doing selfies, whatever it takes.” Where have he heard that last phrase before?

Read moreBillionaire Warren Buffett Pledges To Drive Voters To The Polls In November

Breaking down Warren Buffett’s rosy outlook for America

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– Breaking down Warren Buffett’s rosy outlook for America:

There’s something about being insanely rich that people will believe every word that comes out of your mouth no matter how bizarre.

And no, I’m not talking about Donald Trump. Warren Buffett is an even better example.

As one of the richest men in the world, Buffett’s opinions carry almost Biblical impact, even when they might be completely ridiculous.

Read moreBreaking down Warren Buffett’s rosy outlook for America

Slumlord – How Warren Buffet’s Clayton Homes Intentionally Targets & Preys Upon Minorities and Poor People

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– Slumlord – How Warren Buffet’s Clayton Homes Intentionally Targets & Preys Upon Minorities and Poor People:

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

– Warren Buffett

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He walked them through Clayton-built homes on the lot, then into the sales center, passing a banner and posters promoting one subprime lender: Vanderbilt Mortgage, a Clayton subsidiary. Inside, he handed them a Vanderbilt sales pamphlet.

“Vanderbilt is the only one that finances on the reservation,” he told the women.

His claim, which the women caught on tape, was a lie. And it was illegal.

In minority communities, Clayton’s grip on the lending market verges on monopolistic: Last year, according to federal data, Clayton made 72% of the loans to black people who financed mobile homes.

Read moreSlumlord – How Warren Buffet’s Clayton Homes Intentionally Targets & Preys Upon Minorities and Poor People

Here Come the Cronies – Buffett and Blackstone President Launch $33,400 a Plate Hillary Clinton Fundraiser

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– Here Come the Cronies – Buffett and Blackstone President Launch $33,400 a Plate Hillary Clinton Fundraiser:

All you need to know about Warren Buffett can be gleaned from this one sentence he uttered in a Bloomberg interview earlier this year:

Clinton has a vision for America that’s very similar to mine.

Indeed, and that vision is one of crony capitalism and oligarchy. Two things both Buffett and Hillary have a long history of supporting.

As such, he’s busying running a $33,400 a plate fundraiser for this faux populist, along with the President of private equity giant Blackstone. Blackstone, of course, is one of the firms that benefited most from the Obama administration’s banker bailouts, by quickly buying up all the foreclosed homes only to turn around rent them right back to the peasants who were evicted. Here are a few articles on the topic to get caught up.

Read moreHere Come the Cronies – Buffett and Blackstone President Launch $33,400 a Plate Hillary Clinton Fundraiser

Ironic Headline Of The Day: Billionaire Buffett To Stump For Hillary’s “Everyday Americans” Campaign

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– Ironic Headline Of The Day: Billionaire Buffett To Stump For Hillary’s “Everyday Americans” Campaign:

Warren Buffett – billionaire investor, opposer of Citizens United but major donor to super-PACs, previous fan of Bernie Sanders, and vehement supporter of the ‘fairness doctrine’ on taxes for everyone but himself – will be joining ‘campaigner for everyday Americans’ Hillary Clinton as she stumps in Omaha this month.

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In May 2015, Buffett backed Hillary…

Billionaire investor Warren Buffett is backing Democratic front-runner Hillary Clinton in the 2016 presidential election.

“I think that she is the most likely person to be president of the United States, elected in 2016, and I’m going to vote for her,” Buffett tells the Fox Business Network in an interview that will air Monday evening.

Read moreIronic Headline Of The Day: Billionaire Buffett To Stump For Hillary’s “Everyday Americans” Campaign

Kraft Heinz Laying Off 10% Of Workforce

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As expected.

In a “difficult but necessary” decision, Kraft-Heinz will cut 2,600 jobs in the latest post-mega-merger “synergy” bloodbath. Thanks Warren.

– Buffett Bloodbath: Kraft Heinz Laying Off 10% Of Workforce:

Back in August, we said “thanks uncle Warren” on the heels of reports which indicated it was time for Kraft employees to do their part to facilitate merger “synergies” in the wake of the Kraft-Heinz tie-up engineered earlier this year by everyone’s favorite folksy octogenarian billionaire along with 3G.

In short, Kraft Heinz said it would lay off 700 workers at Kraft’s corporate headquarters in north suburban Northfield, part of a cost-cutting plan that would slash the combined entity’s headcount in the U.S. and Canada by 2,500 jobs.

Well, on Wednesday we got more of the same with CNBC reporting that Kraft Heinz will close seven plants and lay off 2,600 employees. The company is also reportedly moving Oscar Mayer to Chicago from Wisconsin. Here’s what we know so far: 

Read moreKraft Heinz Laying Off 10% Of Workforce

“Some People Just Don’t Fit In The Economy” Buffett Explains: “We’ll Send Them Off To Afghanistan”

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– “Some People Just Don’t Fit In The Economy” Buffett Explains: “We’ll Send Them Off To Afghanistan” (ZeroHedge, Sep 8, 2015):

Not to be outdone by his partner Charlie Munger (who offended many with his comments that “gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939,”), Berkshire Hathaway’s Warren Buffett – having already taken on Europe, comparing Greece to a “dog peeing on the carpet” of Europe,
suggesting Germany stop “rewarding behavior you want to get rid of” – takes aim at the military. Speaking on Bloomberg TV, the octagenerian oracle of offense just unfriended every American veteran…

 “You want everybody educated to their potential. You want people to reach their potential. That still won’t work for some people in a highly developed market system.

I mean if this were a sports-based system, you could give me a PhD in football, and I could practice eight hours a day, and I might be able to carry the water from, not onto the field, but from the locker room to the bench. There’s just some people don’t fit well into a highly skilled market-based economy.

They’re perfectly decent citizens. We’ll send them off to Afghanistan, but they are not going to command a big price.”

Read more“Some People Just Don’t Fit In The Economy” Buffett Explains: “We’ll Send Them Off To Afghanistan”

Uncle Warren Strikes Again: Kraft Heinz Cuts 2,500 Jobs

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–  Uncle Warren Strikes Again: Kraft Heinz Cuts 2,500 Jobs (ZeroHedge, Aug 12, 2015):

Thanks, Uncle Warren.

The Kraft-Heinz merger engineered earlier this year by everyone’s favorite folksy octogenarian billionaire along with 3G will cost some 2,500 people their jobs, as the combined entity looks to cut costs.

CEO (and 3G partner) Bernardo Hees has already slashed jobs on the Heinz side of things, so now it’s apparently time for Kraft employees to do their part to facilitate merger “synergies.”

Via AP:

Read moreUncle Warren Strikes Again: Kraft Heinz Cuts 2,500 Jobs

Warren Buffett thinks the poor should stop blaming inequality on the rich

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– Warren Buffett thinks the poor should stop blaming inequality on the rich (Independent, May 23, 2015):

People need to stop blaming the rich for income inequality in America according to the third richest man in the world, Warren Buffett

In an opinion piece written for the Wall Street Journal Mr Buffett, who is estimated to be worth $71.3bn by Forbes magazine, claims that the depressing fact is that “the poor are most definitely not poor because the rich are rich”.

Citing the likes of Henry Ford and Steve Jobs as examples of innovation, Mr Buffett goes on to say that the rich are not undeserving and that “most of them have contributed brilliant innovations or managerial expertise,” to America’s economy.

Read moreWarren Buffett thinks the poor should stop blaming inequality on the rich

Bank Of England Exposes US Cronyism: Questions Why Buffett’s Berkshire Hathaway Is Not Too Big To Fail

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– Bank Of England Exposes US Cronyism: Questions Why Buffett’s Berkshire Hathaway Is Not Too Big To Fail (ZeroHedge, April 20, 2015):

If you thought currency-wars were a problem, just wait until crony-wars begin. In a stunning show of disagreement among the omnipotent, The FT reports that a Freedom of Information Act request has confirmed The Bank of England wrote to US authorities seeking clarity about Berkshire’s absence from a provisional list of “systemically import” (Too Big To Fail) financial institutions (SIFIs). The US Treasury declined to comment…

With MetLife suing the US government to try to escape being deemed systemically important by Washington (which means the firm may need to hold more capital to cover unexpected losses and could face a requirement to draw up “living wills” to make them easier to wind down in a crisis), The FT reports on questions over Berkshire Hathaway’s status…

British regulators have challenged their US peers over their apparent reluctance to subject Warren Buffett’s Berkshire Hathaway to tougher scrutiny as part of a worldwide push to make the financial system safer.

Read moreBank Of England Exposes US Cronyism: Questions Why Buffett’s Berkshire Hathaway Is Not Too Big To Fail

Warren Buffett The Slumlord: Predatory Loans, Kickbacks & Preying On The Poor

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– Warren Buffett the Slumlord – Predatory Loans, Kickbacks and Preying on the Poor at Clayton Homes (Liberty Blitzkrieg, April %, 2015):

The disastrous deal ruined their finances and nearly their marriage. But until informed recently by a reporter, they didn’t realize that the homebuilder (Golden West), the dealer (Oakwood Homes) and the lender (21st Mortgage) were all part of a single company: Clayton Homes, the nation’s biggest homebuilder, which is controlled by its second-richest man — Warren Buffett.

Read moreWarren Buffett The Slumlord: Predatory Loans, Kickbacks & Preying On The Poor