Is Buffet full of BS?
Can You Handle The Truth?
the truth is that life can be pretty cruel, if one cannot handle the truth.
To make matters worse, most of these people who cannot handle the truth don’t even know what the truth is. Many believe that the money they’ve been putting in for years is still there, much like a private savings account. Most are unable to comprehend that the money they put in is actually gone, having flowed into an older retiree’s wallet. They do not know that if younger person doesn’t come in behind them and put money in the funds, they’ll be forced to face the truth that there isn’t any money in the kitty.
Little does he know that the stock market is nothing but one big Ponzi scheme. In other words, if money stops coming in to the market, the money already in will rush out. With computerized high frequency trading (HFT), money can disappear at the speed of thought.
What will it take for the economy to come back? Well, obviously, another Ponzi scheme… and that’s the truth.
What truth do you have to handle?
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Why Is Gold Going Down?
central banks are the only ones who could move the price of gold that drastically that quickly. If the central banks are selling gold to raise cash, that’s not good news for the world economy. If they’re raising cash, then the economy is very weak. This isn’t good.
Then again, the price of gold could be coming down because the economy is strong. Gold is generally a fear investment, and if fear is going down, then the price of gold comes down.
If the sell-off in gold is because the economy is strong and growing again, the sell-off in gold is good news for the economy.
Is this time to buy gold and silver?
My answer is always the same. You need to do your own study and research, and test for yourself. If you can’t tolerate the ups and downs of markets, it’s best to allow someone else to invest for you, regardless of what you invest in.
If you trust our corporate and government leaders to fix our global economic problems, then gold is not for you. Stocks might be a better investment.
there are only two emotions that drive a market: greed and fear. When fear is strong and prices are low, then greed creeps back in and buyers like me begin buying again.
If everything is down, we’re all going down. If everything is going down, a gun might be your best buy.
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You Can’t Handle the Truh
the name of the game for the conspiracy is “Bailout.”
Why bailout countries such as Greece and Italy? One reason is that the rich want their money back. By bailing out the Greeks, they get the Greeks to pay them the money owed them.
In other words the rich are playing games with money.
In this game, the world becomes terrified, there is a lot of noise and thunder, and then the banks ride to the rescue, saving the world economy.
As stated in other COR updates, the ultra-rich want us to beg them to print more money, even though it means higher taxes and higher inflation for all of us.
What am I doing?
Nothing has changed. I continue to invest in debt by buying apartment houses with as much debt as possible. This is what banks want and what the government wants. The economy needs people who can handle large amounts of debt. This means I need to find apartment houses for good prices, take on lots of debt, and let the tenants pay off the debt.
What should you do? As always, I suggest getting more financial education.
This crisis will be the worst crisis for millions of people. It can also be the best crisis, if you know what you are doing.
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Are You Rambo or Pee-Wee?
Risk is an interesting word. Millions live in fear of risk, although they don’t know what it is.
Risk only exists in the future—it’s what might happen. So technically, risk does not exist until the moment it’s realized. It’s only in the unknown where risk lies. For example, if you knew the stock market was going to crash in five days, you could do something about it and mitigate the risk.
Pee-Wee has been right more times, but Rambo’s had more fun. The fact is that I could lose everything I have in the deal, but I’m not stupid enough risk everything I have.
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Buying your own shares is often a red flag for professional stock investors. It can mean a number of things. Generally, when a company buys its own shares, it means, “I can’t get my share price to go up so I’ll manipulate the share price up by buying my own shares, which will make my shareholders happy and like me.” It can also mean, “I can’t find a good deal,” or, “I don’t know how to grow my company,” or, “I’ve got more money than brains,” or, “The best return for my money is to invest in my company.”
On CNBC, Buffet said he was buying back shares of Berkshire Hathaway because the value of his stock was less than the “intrinsic value of his company.” This sent the price of his stock back up. Where Warren leads, the sheep follow.
Who knows what the truth is? Only Warren knows.
There are two reasons why I don’t invest in stocks.
Reason #1: Employees play too many games, from the CEO down. Many employees use the public company as their person expense account and ATM. This is why I tend to invest in private companies, not public ones. The private companies are businesses of friends, fellow entrepreneurs who own their company and whom I know and trust.
Reason #2: I invest for cash flow, not capital gains. Most people who play the stock market invest for capital gains, wanting the price to go up. Investing for cash flow, I receive a check every month or every quarter. If I don’t like the dollar amount on my check, I call my friend to find out what’s going on.
Try calling Warren and see what happens.
the truth is that life can be pretty cruel, if one cannot handle the truth.
To make matters worse, most of these people who cannot handle the truth don’t even know what the truth is. Many believe that the money they’ve been putting in for years is still there, much like a private savings account. Most are unable to comprehend that the money they put in is actually gone, having flowed into an older retiree’s wallet. They do not know that if younger person doesn’t come in behind them and put money in the funds, they’ll be forced to face the truth that there isn’t any money in the kitty.
Little does he know that the stock market is nothing but one big Ponzi scheme. In other words, if money stops coming in to the market, the money already in will rush out. With computerized high frequency trading (HFT), money can disappear at the speed of thought.
What will it take for the economy to come back? Well, obviously, another Ponzi scheme… and that’s the truth.
What truth do you have to handle?
Why Is Gold Going Down?
central banks are the only ones who could move the price of gold that drastically that quickly. If the central banks are selling gold to raise cash, that’s not good news for the world economy. If they’re raising cash, then the economy is very weak. This isn’t good.
Then again, the price of gold could be coming down because the economy is strong. Gold is generally a fear investment, and if fear is going down, then the price of gold comes down.
If the sell-off in gold is because the economy is strong and growing again, the sell-off in gold is good news for the economy.
Is this time to buy gold and silver?
My answer is always the same. You need to do your own study and research, and test for yourself. If you can’t tolerate the ups and downs of markets, it’s best to allow someone else to invest for you, regardless of what you invest in.
If you trust our corporate and government leaders to fix our global economic problems, then gold is not for you. Stocks might be a better investment.
there are only two emotions that drive a market: greed and fear. When fear is strong and prices are low, then greed creeps back in and buyers like me begin buying again.
If everything is down, we’re all going down. If everything is going down, a gun might be your best buy.
----------------------
You Can’t Handle the Truh
the name of the game for the conspiracy is “Bailout.”
Why bailout countries such as Greece and Italy? One reason is that the rich want their money back. By bailing out the Greeks, they get the Greeks to pay them the money owed them.
In other words the rich are playing games with money.
In this game, the world becomes terrified, there is a lot of noise and thunder, and then the banks ride to the rescue, saving the world economy.
As stated in other COR updates, the ultra-rich want us to beg them to print more money, even though it means higher taxes and higher inflation for all of us.
What am I doing?
Nothing has changed. I continue to invest in debt by buying apartment houses with as much debt as possible. This is what banks want and what the government wants. The economy needs people who can handle large amounts of debt. This means I need to find apartment houses for good prices, take on lots of debt, and let the tenants pay off the debt.
What should you do? As always, I suggest getting more financial education.
This crisis will be the worst crisis for millions of people. It can also be the best crisis, if you know what you are doing.
-----------------------
Are You Rambo or Pee-Wee?
Risk is an interesting word. Millions live in fear of risk, although they don’t know what it is.
Risk only exists in the future—it’s what might happen. So technically, risk does not exist until the moment it’s realized. It’s only in the unknown where risk lies. For example, if you knew the stock market was going to crash in five days, you could do something about it and mitigate the risk.
Pee-Wee has been right more times, but Rambo’s had more fun. The fact is that I could lose everything I have in the deal, but I’m not stupid enough risk everything I have.
-----------------------
Buying your own shares is often a red flag for professional stock investors. It can mean a number of things. Generally, when a company buys its own shares, it means, “I can’t get my share price to go up so I’ll manipulate the share price up by buying my own shares, which will make my shareholders happy and like me.” It can also mean, “I can’t find a good deal,” or, “I don’t know how to grow my company,” or, “I’ve got more money than brains,” or, “The best return for my money is to invest in my company.”
On CNBC, Buffet said he was buying back shares of Berkshire Hathaway because the value of his stock was less than the “intrinsic value of his company.” This sent the price of his stock back up. Where Warren leads, the sheep follow.
Who knows what the truth is? Only Warren knows.
There are two reasons why I don’t invest in stocks.
Reason #1: Employees play too many games, from the CEO down. Many employees use the public company as their person expense account and ATM. This is why I tend to invest in private companies, not public ones. The private companies are businesses of friends, fellow entrepreneurs who own their company and whom I know and trust.
Reason #2: I invest for cash flow, not capital gains. Most people who play the stock market invest for capital gains, wanting the price to go up. Investing for cash flow, I receive a check every month or every quarter. If I don’t like the dollar amount on my check, I call my friend to find out what’s going on.
Try calling Warren and see what happens.
