Monday, September 19, 2011

Did Anyone Vote For Warren Buffet In 2008?

"Buffett has served as an informal adviser to the president since Obama’s 2008 election campaign. He plans to hold a Sept. 30 fundraiser in New York for Obama’s re-election bid."

Here's the reference:  LINK

Anyone recall Buffet being on the ballot?  What's even more troubling about this is the fact that Buffet sponsor's fundraising events for Obama, the most most recent being a $35,000/plate dinner in NYC after Buffet negotiated a "tails I win, heads shareholders lose" deal to invest in Bank of America.

Is this how our democratic system is supposed to work?  Everyone happy they are now controlled directly by Warren Buffet's view of the way things should be?

On another note, the Financial Times highlights another reason the fundamentals for gold keep getting better.  Many of us have known that Central Banks became net buyers of gold - after decades of selling and rehypothecating their gold - in 2010.  The more mainstream media is finally catching on to this:
We’re going back to a time when gold is seen very much as money,” Jonathan Spall, director of precious metals sales at Barclays Capital, told in a video interview. “It has been a complete reversal of the attitudes we saw during the 1990s  LINK
Interestingly, the bulk of the CB buying is from Centrals Banks in India, Asia, the Middle East and South America/Mexico.  ECB banks are buying very little but their selling stopped over the last year.  Where's the Fed on this?  In fact, let's have a look at the gold that owned by the citizens but safekept by the Fed.  Where is it?


  1. ...and this little piggy went weeeeeeeee....with warren.....and what clean choice do we have?

    Rick Perry is for sale, but he's not cheap

    Take Rick Perry. Half of Perry's contributions have originated with only 204 people. So many dollars coming from so few sources means that Perry's team is extremely aware of who puts the butter on their toast. This isn't twenty bucks from a million people. It's closer to a million bucks from twenty people, and when someone contributes at that level they don't do it because they like a candidate's haircut, or even his ideology. It's not going to the candidate with whom they'd most like to share a beer. Donors at this level share all the beers (and champagne) with the candidates that they can guzzle.

    When individuals cut checks to politicians the size of those being scribbled out to Rick Perry, it happens for one reason. It's an investment. In this case, it's a pretty safe investment, because history shows that Rick Perry is a slot machine who pays on every pull.,-but-hes-not-cheap?via=blog_1

  2. Chico,

    How bout that fuerte USD. Silver on sale in F.I.A.T.

    and how bout that artcile on that Rand skank milking
    off the system in her golden years. LOL.LOL.LOL.

    Rand On the Dole.

    details how she helped the artist formerly known as Alisa Zinovievna Rosenbaum get on the public tit.

    Noted speed freak, serial-killer fangirl, and Tea Party hero Ayn Rand was also a kleptoparasite, sneakily gobbling up taxpayer funds under an assumed name to pay for her medical treatments after she got lung cancer.

    Gitlin and Winick verified that on Miss Rand's behalf she secured Rand's Social Security and Medicare payments which Ayn received under the name of Ann O'Connor (husband Frank O'Connor).

    As Pryor said, "Doctors cost a lot more money than books earn and she could be totally wiped out" without the aid of these two government programs. Ayn took the bail out even though Ayn "despised government interference and felt that people should and could live independently... She didn't feel that an individual should take help."

  3. please forward to WB...

    World Investment Strategy

    By Robin Griffiths, Private Wealth Strategist for Cazenove Capital Management

    September 19 (King World News) - We live in interesting times. Economic conditions are very unstable. The strains go throughout society and are relieved by crowd, or mob, behaviour.

    Riots in Libya whilst trying to depose a tyrant are one thing but when we get riots in the UK it is a reflection of deep-seated economic problems.

    The road maps that are at the back of this book (on page 25) are working quite well. They show where we are and roughly what to expect in future. It is not a pretty picture.

    Old norms have been broken and are unlikely to return. As we grope to a new normal, risks seem high and the prospects of reward are low. The emphasis must be on the preservation of capital. Doing nothing is not a cop out, when the chances are that whatever you do will be wrong. Sitting with cash and gold will preserve your portfolio, enabling you to start buying again when bargains appear.

  4. (Dave)

    I'd be on the Government dole if I could be too. Sometimes I think I'm the only one who isnt. I just heard about someone yesterday, and older woman (late 50's) who is on social security disability. BUT: she has inherited wealth that her attorney hid from sight and she was on the golf course yesterday smoking and drinking like barfly. Doesn't sound disabled to me.

    The dollar? C'mon - it went straight down from 88 to 72. It was overdue for a big bounce...

  5. getting welfare from other taxpayers is the American way--and only "fair".

    until we run out of taxpayers.

  6. I fucking hate when people feign disabilities...too bad they can't switch places with people truly affected by them...then they'll be crying in their drinks.

    The Federal Debt As Criminal Scam, The Federal Reserve As Criminal Syndicate (September 19, 2011)

    Is the Federal debt a criminal enterprise, enabled by a criminal syndicate? Read on before you pass judgment.

    Correspondent Doug laid out a compelling case that the Federal debt is fundamnentally a criminal scam, operated by the criminal syndicate of the Treasury and the Federal Reserve:

    The Federal Reserve is a criminal syndicate buying debt that the government eagerly creates and sells for spending money that dumps the debt on us civilians. What perplexes me is that the scam is so simple and all the intellectuals either don’t get it or are handcuffed by mega-corporate media owners.

  7. Chico,

    Forget the USDX. It's bollocks.
    Look at the USD priced in silver.
    I don't buy other fiat when the USD rises. I buy

    Do you want me to spare you an oz?

  8. (Dave)

    LOL. Been adding to holdings for two weeks now. Want an Oz? You can rent it on Netflix...

  9. GEAB N°57 is available! Global systemic crisis - Fourth quarter 2011:
    Implosive fusion of global financial assets
    LEAP/E2020 | Vendredi 16 Septembre 2011

    . they allowed the gradual emergence of two simple but very strong
    ideas: saving private banks is of no use to solve the crisis and it is
    necessary that the markets (that is to say essentially the big Wall
    Street and City financial operators) fully assume their risks without
    any further guarantee from the state. Today, these two ideas are at
    the heart of the Euroland debate, both in public opinion and amongst
    the elite ... and they gain ground every day. This is what causes fear
    on Wall Street, in the City, and amongst major private financial
    operators. This is the wick that has nearly burned down that will
    trigger the implosive fusion of global financial assets in the fourth
    quarter (in the prevailing context of the US recession and its
    inability to reduce its public deficits).
    Wall Street and the City, and their media intermediaries desperately want this debate not to take place, regardless of whether it’s ended by panic, so that governments should be forced to listen to their "experts" who assure them that the only way is to continue to recapitalize banks, and flood them with liquidity (23) ... as is the case in Washington and London. Two countries where these same financial institutions reign supreme in the government.

  10. "Anyone recall Buffet being on the ballot?"

    C'mon, Dave. Be realistic - none of the advisers that a president surrounds himself with were on the ballot. Ever hear of the phrase "Kitchen Cabinet"? Every president has had one - some of them were more prominent than others.
    - Sam

  11. Ya know, not to deviate here and actually talk about the subject but I get tired of that ego maniac Buffett. Dude makes some money in the stock market and now he becomes an expert on everything. However, he is still smarter than Obama and at this late stage in Obama's one term cycle, perhaps Warren can keep this maniac from completely pitching us off a cliff.

  12. What is it that he is actually saying?

    Gary Gensler, Chairman of the CFTC on “Was Information Leaked on CME Silver Margin Hikes?”

    With that in mind, we have wondered if there is some level of leakage of when margin requirements will be changed that allows for people to front run this information. As I recently attending the Bloomberg Market’s 50 Summit in New York, I happened to run into the Chairman of the CFTC, Gary Gensler. I asked him about this and have uploaded the audio for you to hear his response.

    It is a very interesting point that he makes about Governmental vs. non-governmental data release. Almost as if it’s the wild west when it comes to non-governmental (Price Discovery) information i.e. crop reports, margin requirements, etc….

    Is he actually saying: If someone wants to leak that data for price discovery then by all means? I suppose the question really should be: do people who have positions on in whatever particular market they are trading in get notices prior to releasing it to the public? Meaning, that those with positions in the index or commodity have the ability to trade first prior to the public knowing about it.

    It seems as if this is the case.

  13. Obama-unknowingly-has acted, as he would say--"stupidly".

    Buffet has deferred his gains forever by ultimately gifting his fortune to the Gates Foundation (there must be a special tax section for billionaires who gift their estates and avoid tax limitations ie--the 50% deduction rule).

    However, by doing that Buffet and Gates are effectively saying they can do a better job at less cost philanthropically than can the US Government (which we knew).