by Jeff Nielson, Bullion Bulls Canada:
Warren Buffett’s “game” is getting old, like Buffett himself. He panders shamelessly for the Big Banks of Wall Street, 24/7; and in return; these market-rigging criminals tell Buffett what to buy – and when to buy it. This allows Buffett to pretend to be a “market oracle”, a gig which has worked out very, very well for the multi-billionaire.
Buffett’s shtick is that he is “a long term investor”, which brings us to the crux of this piece. In order to be a “long term investor”, one must have nearly all of their money deployed, nearly all of the time. The entire concept of long-term investing is based upon the premise of having one’s capital “working for them”, as particular investment opportunities mature and ripen.
Obviously the $50+ billion which Buffett is currently hoarding on behalf of himself, Berkshire Hathaway, and its (wealthy) shareholders can’t “work for them” when it’s sitting on the sidelines.
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