Warren Buffet a Latocer?

[picasso moon]

I'm with these posters:

Some/Many may already know this, but Buffet is a mere boot black for the Rothschilds of the world.

Talk about rail systems, etc., while avoiding the central issue of our intrinsically evil money system is so much distraction.

The Fed or the USA: One must die.

He's not even close to what we are. He's a capitalist, a member of the elite and doesn't think about things in even the most obscurely similar fashion. Don't be mistaken.

(is) Warren Buffet a Latocer?

Who TF cares?

Sorry. But I really couldn't care what Buffet is or isn't.

The fact that he still is at all, , well, tell me when he isn't.
I'll dance a jig.

Quite dismaying to see people who should no better still fall for the Oracle from Omaha, hardcore member of TPTB. But given who they are, the usual suspects, i'm not surprised.

[Xenopus]

Quite dismaying to see people who should no better still fall for the Oracle from Omaha, hardcore member of TPTB. But given who they are, the usual suspects, i'm not surprised.

For a right man, you sometimes say the stupidest things. He's completely self-made, extremely shrewd and has said for many many years that it is ridiculous that taxes on the rich should be so low. He knows that wiping out the middle class is an extremely dumb move for TPTB to make and that we are all in deep doodoo vis a vis PO.

[picasso moon]

For a right man, you sometimes say the stupidest things. He's completely self-made, extremely shrewd and has said for many many years that it is ridiculous that taxes on the rich should be so low. He knows that wiping out the middle class is an extremely dumb move for TPTB to make and that we are all in deep doodoo vis a vis PO.
A right man? If you mean "right wing", you certainly got me wrong
Self-made? HORSESHIT. No one is "self-made" in capitalism, it's a system which relies upon systemic GLOBAL exploitation and ecocide to operate systemically. He simply thinks that the system's political stability is being threatened by the pace of concentration, he wants to maintain the system but to make some cosmetic changes to enable it (he thinks/HOPES) to last a bit longer. Ain't my friend.

[Xenopus]

For a right man, you sometimes say the stupidest things. He's completely self-made, extremely shrewd and has said for many many years that it is ridiculous that taxes on the rich should be so low. He knows that wiping out the middle class is an extremely dumb move for TPTB to make and that we are all in deep doodoo vis a vis PO.
A right man? If you mean "right wing", you certainly got me wrong
Self-made? HORSESHIT. No one is "self-made" in capitalism, it's a system which relies upon systemic GLOBAL exploitation and ecocide to operate systemically. He simply thinks that the system's political stability is being threatened by the pace of concentration, he wants to maintain the system but to make some cosmetic changes to enable it (he thinks/HOPES) to last a bit longer. Ain't my friend.

Sorry. That was supposed to be "bright man." Copy editor left for the day.   

[picasso moon]

Well, i'll accept "bright"

http://www.zerohedge.com/article/ism-fallacy
In  there, this on Buffet
And as for Buffett's "bet on America" and growing inventories, by buying Burlington Northern, one wonders just how much of a risky bet this is when one considers that the source of the financing likely will come from taxpayer subsidized Citi and BofA. The government is now playing some pretty serious shell games, using an iconic and not-disinterested figurehead (what is Buffett's downside if the market tanks again?) to channel optimism (not the first time Buffett has done so), while providing virtually free, taxpayer provided  funding. It does, however, beg the question of why the BNI board took all of 15 minutes to hit Mr. Buffett's bid. We will provide details of the BNI transaction as we get them.

[Tug Again]

Gladius;
You are harshing the overall mellow of the forum...you are admonished...pointing out the obvious doesn't make you a "Truth Warrior"...go forth and seek some less obvious truths. Then engage your tact switch as you present them to the world..."one must die", what melodrama...jeez...

I would like to point out that one of the few things we (ALMOST) all agree on is the need for rail improvements...I would like to see rail done in three stages: First, repair and rebuild our existing rail infrastructure. Second, build a spoke-and-hub rail transportation system similar to that of the airlines...fedex, ups, Old Dom, yellow line Etc would invest together with the railroads to build the hubs(the railroads would haul cars marked "Fedex, or UPS")...trucking would be done from rail head to end user (trucks should run on propane). Thirdly, we should build high-speed passenger and light package service from coast to coast. We should also be installing electric street cars in our cities. The vision is: Walk a few blocks from your house. Hop a street car to the train station. Take a passenger train to the high-speed rail hub. Board a high- speed train in NY (an example)at six in the evening. Be in LA by six the next evening. From my house in Va, LA would be about 36 hours away...a lot longer than the 10 hours it takes now (with layovers and driving to Charlotte). But still doable. We love the democratic nature of our cars. But with gas prices rising, cars aren't gonna be very democratic for long...

Tug

[picasso moon]

Money for all that? Hey, no problem, not even if the US is BROKE!!

Ignore him, Gladius!

[skepticus]

From my house in Va, LA would be about 36 hours away...a lot longer than the 10 hours it takes now (with layovers and driving to Charlotte). But still doable. We love the democratic nature of our cars. But with gas prices rising, cars aren't gonna be very democratic for long...

I used to ride Amtrak quite a bit, and I kind of miss the more relaxed pace of traveling by train.  Yeah, it takes a lot longer than driving and especially than flying, but I think it makes you appreciate the destination more, plus you get to take in the view as you go (I guess you can do this as a passenger in a car also, but most cars only contain one person).  I think transitioning from traveling by car & plane to traveling by train, a much slower form of transportation, would pair nicely with transitioning from industrial consumerism and a service-based economy to something more closely resembling locally oriented sustainable subsistence, a much slower way of life. 

[Xenopus]

Well, i'll accept "bright"

http://www.zerohedge.com/article/ism-fallacy
In  there, this on Buffet
And as for Buffett's "bet on America" and growing inventories, by buying Burlington Northern, one wonders just how much of a risky bet this is when one considers that the source of the financing likely will come from taxpayer subsidized Citi and BofA. The government is now playing some pretty serious shell games, using an iconic and not-disinterested figurehead (what is Buffett's downside if the market tanks again?) to channel optimism (not the first time Buffett has done so), while providing virtually free, taxpayer provided  funding. It does, however, beg the question of why the BNI board took all of 15 minutes to hit Mr. Buffett's bid. We will provide details of the BNI transaction as we get them.

Well, nobody said Buffett was stupid. Of course he's bright enough to game the system to his own advantage--and that of his shareholders.

PM, I think your problem is that you allow your moral/political judgments to come between you and looking at the facts. That's why you used to get mad at Jeromie.

[jtollison78]

Well, i'll accept "bright"

http://www.zerohedge.com/article/ism-fallacy
In  there, this on Buffet
And as for Buffett's "bet on America" and growing inventories, by buying Burlington Northern, one wonders just how much of a risky bet this is when one considers that the source of the financing likely will come from taxpayer subsidized Citi and BofA. The government is now playing some pretty serious shell games, using an iconic and not-disinterested figurehead (what is Buffett's downside if the market tanks again?) to channel optimism (not the first time Buffett has done so), while providing virtually free, taxpayer provided  funding. It does, however, beg the question of why the BNI board took all of 15 minutes to hit Mr. Buffett's bid. We will provide details of the BNI transaction as we get them.

Well, nobody said Buffett was stupid. Of course he's bright enough to game the system to his own advantage--and that of his shareholders.

PM, I think your problem is that you allow your moral/political judgments to come between you and looking at the facts. That's why you used to get mad at Jeromie.

From what I'm reading, 30% is being financed through unnamed banks, 30% is being paid in cash from Berkshire, and 40% is being paid in Berkshire shares for tax reasons(at the request of the sellers).

[jtollison78]

Also, I just saw someone make the point that the may be an anti-dollar move, that he'd just as soon get rid of some of his cash.

[ZombieHordeLeader]

Could he be masquerading under the username Forum Zombie?

or ZombieHordeLeader?   

[Grower]

Is it just me, or is it somehow mildly humbling that we could have extensive freight and passenger rail in the 1800s, but we can't manage it today? I mean, scale has changed and all, but still.

[NYALB]

Also, I just saw someone make the point that the may be an anti-dollar move, that he'd just as soon get rid of some of his cash.

Very good point, his company is sitting on loads of cash.

[picasso moon]

 30% is being financed through unnamed banks
"Unnamed", eh? And i tend to trust Zerohedge's sources.

Well, nobody said Buffett was stupid. Of course he's bright enough to game the system to his own advantage--and that of his shareholders.
PM, I think your problem is that you allow your moral/political judgments to come between you and looking at the facts. That's why you used to get mad at Jeromie.
There is a huge part of the problem: you think that one can make money by being bright and "gaming the system", creating money out of thin air simply through clever manipulation, this is the hallucination which dominates the thinking in America. That money is actually the result of being able to corner a share of surplus labor extracted from working people all over the world, mostly in sweatshops, often at the point of a gun, but always via coercion due to the material conditions of the dispossessed. These are the FACTS, what you are putting forth is not facts but ideology, that which sees the current system as simply human nature and its results as survival of the fittest. when in fact its operation is nothing more than organized theft.

Grower: what was in existence then has been lost, particularly in terms of passenger rail, lots of track torn up, turned into other things, think of all the urban light rail which the GM/Chevron-led consortium bought and dismantled in the '50s, for example.