Warren Buffet’s Financial Crisis Warning (HBO)

[@VICENews]

“Humans will continue to behave foolishly and sometimes en masse. And that doesn’t change. We get smarter, but we don’t get wiser," Buffett said. Watch Next - The Winners And Losers Of Trump's Trade War - bit.ly/2N97oe2

[@georgesotiriou7051]

Spell his surname right boys. It's Buffett.

[@kenweatherby7820]

VICE News rk

[@112deeps]

History will repeat itself. Humans forget the past very easily. Wise experts say they don't know what's happening.

[@RyanSmith-wo2pi]

Of all matters

[@GlobalPenguin2012]

“We get smarter, but we don’t get wiser” - buffet. I will remember that

[@SolosSpirit]

and so you should.

[@tumbleweed9594]

common sense ain't so common.

[@Higgins8]

Critical Thinker - Every new generation is better educated, but more foolish than the previous one.

[@petepetersen5418]

​@@Higgins8 thats not true, not every generation is better educated and not every generation is more foolish than the previous one... Just look at humanity before, during and after the dark ages.

[@sharlaevans7339]

Ask your bank how much money they have on hand in reserve, (2-3% of deposits) the crisis wasn't fixed. Fractional reserve banking is the problem. Get wiser. End the Fed. If you haven't learned about how the Federal Reserve came into existence please look that up and learn about fractional reserve banking. Eventually, I really believe it will go down in history as the biggest ponzi scheme ever.

[@UltimateBargains]

In my humble opinion, the US government should have allowed the losers to lose and the winners to win. However, Wall Street had their "ace in the hole" (Secretary Paulson, the former head of Goldman Sachs) to privatize their profits and socialize their losses. Wall Street always has the best politicians that money can buy, on both sides of the political aisle.

[@wille2680]

This country is screwed no matter what. The people who need help won’t get it and the ones that deserve to fail will.

[@SolosSpirit]

indeed

[@MinsikHwang]

and that's how the capitalism works my friend it sucks but you have to face it

[@danieljoseph2428]

@@MinsikHwang It is very much like the game of musical chairs. Not everyone can win and eventually, the resources slowly shrink with time and people fail to do anything about it. In a capitalist system people will not willingly help others unless there is a personal gain to be had.

[@tristanditobias4111]

it's doesn't only happen in the us, it happens in all countries

[@SlXkxmx]

They weren't laughing? They gave themselves huge bonuses while doing the same shady practices that led us to this point. That's why it's about to happen, again.

[@nifty1940]

Why they ever bailed the banks out is beyond me. they only got rewarded for their criminality. The ASS in the donkey will guarantee it'll happen again.

[@Juan-ip1ow]

@@nifty1940 in this system the banks are needed. I understand what you are saying but without the banks our economy would fail. They knew they would be bailed out and that it would be difficult to prosecute

[@nifty1940]

@@Juan-ip1ow Yes, you're correct..."in THIS SYSTEM" (i.e In our era), banks are a necessary evil, but their evolution from "customer-friendly" into predatory practices, and self-serving conglomerates, are at the core issues of failing economies. When banks go rogue, think GFC and Lehman Brothers and American International Group, etc., and the $700 billion loss. In this system you'd be better to put your money under the mattress.

[@platinumknight1]

@@nifty1940 even if they are somewhat needed (and im not of the opinion that all banks are needed, aside from maybe national banks, and even those are questionable, and offcourse offshores and all that shaddy shit should totally be abolished) they should be the MOST regulated of any type of bussiness because they are of the most consequences if they go rogue, unfortanetly private banks are in bed with the goverment, failled banks should never be bailed out, they should be punished like the first banks were, the people who get prejudice from these failing banks are the ones who should be bailed out, the failing bank should be closed, and their assets tranfered to a new national banks with all kinds of regulations at the minimum, and the persons who were runing the previous falling banks and their associates should never be allowed to work in banking industry again! If we give more incentives to banks for failling than to be run properly, do we seriously expect them not to take advantage of this? Banks should be looked at from a pure service prespective, and not from the prespective of being a service and a bussiness at the same time, witch aims at profits, i dont think charging interests and then being ballied out by our taxes if failling should be a legal bussiness model.

[@nifty1940]

@@platinumknight1 I can't argue with that.

[@corbinhughes5562]

Unfortunately no one went to jail for this crime but it's whatever

[@branflakee4257]

2 people did but they were willing to take the fall

[@sgtsnakeeyes11]

No crimes were committed. Republican deregulation made it legal and possible for this to happen.

[@ijulesy]

Bill Clinton deregulated the banks in the 90s which contributed hugely to the crash.

[@tecwynjones6532]

@@anonymousandy5574 But when you don't realise the danger and it creeps on you...

[@WittenCityChilla]

Anonymous Andy this is true but there were also a lot of mechanisms at work like the interconnection of banks through deposits, which exercises a financial contagion effect and the design of the CDOs. Banks tend to be extremely fragile if you consider that a bank run where people withdraw their deposits can be possible at any point time. In my opinion it is the government’s task to establish a proper regulation framework in order to mitigate or even avoid crises. Easy said, but not so easy implemented. The massive deregulation and lobbyism that led to it was certainly not a proper way.

[@hmmm9658]

they had to bail out the banks but they should have broken them up afterwards

[@SaturnStarOfDavid]

No stipulations, no rules and no exclusive usage of how bail out money was to be used was ever put on paper. So most of the money ended up in European banks, Executive giving themselves bonuses and $100,000 show curtains. Yet no revolt from the American people. Why? Because they are completely divided by political parties, religion, race, income class, etc and distracted by sports, tv shows, movies, pornography, bills, medical issues, etc.

[@michaelcre8]

No, they didn't need to bail out the banks. The recovery would have come sooner and been much stronger if they hadn't. Banks say they are too big to fail to get politicians to take money from taxpayers for them, but it's not true. It's healthy for the economy for some banks to fail sometimes.

[@angry-white-men]

A lot of that money went to paying off mortgages. Our local bank received bailout money and they ended up paying off alot of our mortgages

[@WittenCityChilla]

Michael C ok on what Research it is based that some banks failing is good for the economy. I don’t think that you take into account the key role banks fulfill, which is financial intermediation. If banks fail and liquidate their assets they have to call in loans issued to the productive sector. The consequences of big banks failing are tremendous and affect a big fraction of people

[@mw3686]

@@michaelcre8 Amen.....the bail outs rewarded the banks that did wrong and punished the banks that did right....exactly the opposite of what needed to happen. It just guaranteed the next problem to be even bigger, badder and more difficult to contain. We are in trouble.

[@Toubabou]

Warren Buffet had warned about the coming crisis long before it happened However , he is also a major lender and then shareholder of Goldman Sachs who was spared the fate of Lehman and benefited from government loan Too big too fail should be broken up, investment banking delisted and returned to partnerships where every partner can loose its shirt,not shareholders and taxpayers We can’t privatize the profit and mutualize the losses. Too easy

[@checkcall123]

Could you give me a good source for when he warned about the 2008 crisis? In any case I doubt it since he was exposed to those markets and Berkshire Hathaway had the worst loss since he took over in 1965.

[@Toubabou]

checkcall123 repeatedly called all those derivatives and complex financial instruments weapon of m’as destruction, if I remember correctly in a few pre 2008 BH reports and in the press As for his loss, well everyone tanked and yes he was exposed indirectly

[@checkcall123]

That's not a source, I tried myself but couldn't find anything else than some flimsy article written long after the fact. Add to that, after he called them "weapons of m’as destruction" just 2 weeks after that he had Goldman create a derivative for him and his investors. Also just calling them WOMD that would explode sometime in the future, hardly means he warned or predicted the 2008 crisis or even understood it. The losses were not indirect, in fact his non derivatives part of his fund(s) showed a profit.

[@ShidaiTaino]

Christophe Vegezzi I mean he does want to make money

[@petepetersen5418]

​@@checkcall123 See you ask for a source and then actually try to find one yourself, you really know your stuff. Got curious so I clicked on your profile, to see you have g-unit in your playlist. U must be a interesting/cool guy to hang out with. No homo

[@XSpImmaLion]

"Humans will continue to behave foolishly, and sometimes en masse. That doesn't change. We get smarter, but we don't get wiser." This here. Buffet nailed an entire host of problems we have faced and will continue to face throughout the entirety of human history. Short lived gains that have to be destroyed and rebuilt time and time again because of our relative short term memories and underappreciation of history.

[@Tech419z]

More from this guy he’s the coolest grandpa billionaire

[@petepetersen5418]

@Mr. D these sheeples think that if you say good things about him, that he will find you and give you 1million dollars... Not understanding who he really is..

[@findtom1]

@Mr. D that wasn't the quote, he didn't say "we the rich" or that "we will win it" and since you're so smart, you might want to look into the giving pledge which was started by warren buffet. While you're at it maybe show some respect to one of the greatest minds of our time.

[@findtom1]

@Mr. D marketing campaign? look at what bill gates is doing with his and warren's money. you can be a cynic, but just because there isn't a contractual obligation to give away all their money doesn't mean the intention isn't good. The way he said "we're winning" in the context he said it was not in a the way you implied in your original comment, that he's some evil rich person pleased that they're "winning" - and that it's a reason to hate him, that was my point. he does a lot more than pile up money, even though those are his own words. he spends a lot of his personal time sharing what he knows and putting a ton of useful information/observations/thoughts out there for people who want to get smarter about investing, and some pretty smart life philosophies as well IMO. holy moly is right! ;)

[@lottoaddict1774]

What bothers people the most, no serious time in the pen for the perpetrators. Lower and middle classes bore the brunt and paid the most.

[@ex0duzz]

Lotto Addict no serious time? How about no time whatsoever

[@RyanSmith-wo2pi]

Principal of the matter

[@sylviasylvia8551]

I had been employed (graphics specialist/prepare booklets and presentations) with a contractor for Lehman Brothers, World Trade Center about 13 years ago. Those managers, directors and other account officials had really HUGE EXPENSE ACCOUNTS. Whatever they needed graphic artists, computer software specialists, cars given to the 2nd and 3rd shift workers no matter how far they lived (some actually lived in Connecticut); and the meals were also ordered by the companies executives for their work crews. Just seemed they were very overly generous and not being careful with the 'PERKS" that were handed out So, the management of funds for each department resources...I am sure had a lot to do with the overage and really generous perks that each department took advantage of. Also, many of the departmental heads lived in the states of New York, New Jersey and Connecticut and a few lived in Boston. They ALL used the car services after 8-9 pm,. So, there careless overspending continued even once the horrific 911 chaos had passed. Usually, it is the non-budget accounting that causes this type of eventual downfall. Not surprised at all.

[@lisemariecaron7498]

❤️

[@patriciakolodney2630]

Lehman had an excellent risk program which was eroded over time and was a part of their collapse.

[@jack60091]

I was a Financial Advisor with UBS at the time. You could see the dominoes fall! I along with thousands was laid off several months later. If you think the people at the top are wiser, they are not!

[@frankhoffman3566]

This is the guy whose philosophy I follow. He is a patriot. He has empathy toward poorer Americans. He believes both in wealth and in fair taxation. Unlike most wealthy, he is not consumed by greed. I've done pretty well using his principles. I hope I never come to imagining myself a higher form of life, which is a disease of the modern rich.

[@UltimateBargains]

You realize, of course, that Warren Buffett's rating agency (Moody's) were giving triple A ratings to those shit MBS (securities).

[@timothydisinger9414]

Hes a damn crook ...same as the rest of them at the top . Naivety is bliss huh ?

[@lingli314]

Overpaid executives is another caused of this.Greedy

[@RyanSmith-wo2pi]

.

[@jaym9846]

It now 2020, 12 yrs later and we are right back where we started.

[@lowbloodprsure]

Mr Buffett you were the one bailed out. Your name is Warren Bailout Buffett.

[@yogathan1]

Be buffett use his market dates and timing as a tool.

[@yogathan1]

The only reason he doesn't have more than 20 percent cash is because he is a whale with major market implications. Goliath can't hide in the weeds like rest of us!

[@silvertortoise3776]

"I pretend to be a nice person when I destroy competition and create monopolies"... my name is Warren Buffet.

[@silvertortoise3776]

he should be in jail just like the rest of the shitty evil bastards

[@vajliakduke6231]

Don't blame particular person for f*** sake. It's the system force you to play that game. Would you invest your money in an about to bankrupt company? Even you like their products? Hypocrite!

[@ramonbroder5572]

@ Jacque Fresco "If you think we cant change the world, it just means you're not one of those that will" One of the most inspiring humans ever!

[@__Wanderer]

Warren Buffet is incredible - wise yoda he is

[@Partizan-one]

Their stocks were tanking, he bought low, he knew the government would bail them out. He won large on that buy.

[@toddklinginsmith697]

james panos its called insider trading buffetts good at that

[@dsjanc]

We as human species need to be wiser not smarter.

[@marcob4630]

"We get smarter but we don't get wiser" : that's the truth !! The perfect storm will soon come

[@TheAdekrijger]

Yeah it will come again. It will do some damage again and then it will pass again. Just like it always does.

[@marcob4630]

@@TheAdekrijger : indeed!

[@6663000]

2:43 there's a bizarre phenomenon whereby people are almost proud to have absurdly large students debts and be unemployed or underemployed... they seem to view themselves as some sort of victim, and they believe that someone else should be paying their debt for them. If you have $90,000 in debt and no job then you made a series of very stupid decisions, and your "4.0 GPA" clearly means very little. Don't take out a loan if you're not going to be able to pay it back... the government didn't force you to go to college, and if you chose a useful major you'd have a job.

[@Aaron_R]

It's not about the use of the major, law and accounting are saturated but very useful. It's supply and demand, more college graduates, less jobs for them with outsourcing. Plenty of underemployed engineers, accountants, and lawyers out there.

[@bushidobrown1209]

"We get smarter but not wiser" The ugly truth

[@billscott2457]

No they didn't laugh then, but they chuckled after the bailout, just like you are now Mr Buffet.

[@kingnaga619]

Don't worry, we'll find a way to blame Obama for it once he is president. - GOP Circa 2008

[@Juan-ip1ow]

But he became president in 2009 the bail outs were in 2008

[@guypicard1648]

I will NEVER put my money in a money market fund again.

[@Wamsuo58u]

Yes we can totally trust Buffett

[@chichan9013]

Today is Friday, March 13, 2020. Economy isn't doing good. We may face another recession, most likely a depression, bigger than the 2008 economic crisis.

[@nthperson]

The causes of cycles of boom-to-bust are systemic. Nothing done by governments in any country since 2008 has addressed the systemic problems. If anything, the actions by central banks have re-ignited the forces driving these cycles by re-stimulating credit-fueled, speculation-driven property (meaning "land") markets. The longer-run solution is for governments to dramatically change the ways revenue is raised by taxation, lifting the burden of taxation from income derived by producing goods and providing needed services, from actual capital goods (i.e., buildings, machinery and technologies) and from commerce. All such taxes impose dead weight losses on economic output. What should revenue come from: (1) at the local level governments (and school districts) should move to a land-only property tax base, abandoning the assessment of market (i.e., sales) values in favor of collecting of potential annual rental value of whatever land is held; (2) state governments need to begin lowering state sales taxes in favor of a progressive state income tax with the same general characteristics as follows regarding taxation by national governments; (3) national governments should eliminate favorable treatment of gains on the sale of assets, as such gains are not actually "capital" gains. Actual capital goods depreciate over time and never resell for more than the cost of acquisition; and (4) the individual income tax needs to be restructured to be both progressive and simple to comply with. All individual incomes up to some amount (e.g., the national median, or state median for state income taxation purposes). All other deductions and exemptions should be eliminated. Above the exempt amount, increasing rates of taxation would be applied to higher ranges of income, the rates and ranges determined during the budget process in order to raise sufficient revenue to balance the budget. At the highest rates of taxation, almost all income is derived from passive and speculative investment rather than wages or salaries. Edward J. Dodson, Director School of Cooperative Individualism www.cooperative-individualism.org

[@dalemark4821]

If it was as bad as Mr. Buffett says in 2008 then we are in way more trouble now. All the problems we had then are now much worse! You'll need the bug out gear this time!

[@johnburman966]

How did anyone get punished for their incompetence at best, criminality at worst...how? Its what he omits to say that matters, he is one of the boys, because he goes down with them if its not propped up by fake money.

[@pololedodo7981]

Very competent gouvernment execs at the time. They knew what to do. Bush was well surrounded. Cant't say the same about our actual administration. Our chief leader prime concern when hiring is loyalty, not competency. The next financial crisis will be a mess.

[@thatguydownthestreet8036]

"Economic Pearl Harbor" incomparable event's

[@josephfalco3141]

yeah, I thought that was an odd and inappropriate reference.

[@schawnettarobinson8584]

A person can work hard, and lose everything. 2008 was a prime example.

[@georgesingh826]

Can any one imagine Ben Bernanke said he had spend his life time studying and preparing to prevent this type of a market collapsed ? I do think today is much worst than then!

[@chonavalilo1328]

WARNING!! URGENCY!!! JESUS IS COMING!! REPENT!! REPENT!! REPENT!! ASK HIM AND ACCEPT HIM AS LORD YOUR LORD AND SAVIOR! AND GET SAVED! THIS IS URGENCY!! THE MARK OF THE BEAST IS COMING!

[@cjonwickham1933]

Life expensive beyond income stays static across the board in any industry..banks health education food clothes cars etc.

[@b.r.atkins7714]

Good mid tier gold and good gold mining stocks are the safest place to be in a market crash.not physical gold. In the 1929 crash the government came after your gold. But they never came after your gold stock.people made good money off dividends.homesteak gold mining stock went from 89 dollars a share to 489 per share by 1935.one year they paid 156 dollars per share. Be smart buy good gold stocks.

[@b2ball6playa2]

Wow, Vice actually got Warren Buffet to be in one of there videos.

[@edr.2642]

This man is a hero...also donating almost all his money to charities..

[@charlescoe226]

Ill believe it when I see it lol

[@sdafasdfasdfsda]

The bail out should have been contingent on every single one of the CEO's of the banks receiving money being fired on the spot. Escorted out by security with a cardboard box of personal belongings just like they do to their employees.

[@mikaelgauslaa5547]

Iirc many of the banks didn't want to bailout money, but Paulson (or whatshisname) made everyone take the money, because he, Bernanke and Gaithner (or w/e) feared that the ones that didn't would be percieved as a weak link.

[@sdafasdfasdfsda]

Nope, there were 54 publicly traded banks that explicitly refused TARP bail out money. No one was "forced" to take anything.

[@mikaelgauslaa5547]

I'm talking about the 10 or so biggest ones. Paulson alledgedly made them accept the money so that none of them might appear weak individually. Iirc both Hank Paulson and Jaime Dimon talks about it during in the interviews CNBC did a couple of days ago.

[@thomaskauser8978]

Once AIG got took down the Federal Reserve dumped its stock portfolio (equities on an insurance companies balance sheet were many shares of every pubic listed company) creating a waterfall of asset values? Cut short rates to zero , changed accounting rules and gave banks interest on excess reserves of over two trillion dollars to SAVE the economy ? You put your left wrist in, you take your left wrist out.......

[@pragmaticcynicism6911]

Oh yeah, it's all so much better now. Nothing to see here folks!

[@SolosSpirit]

at least, it's not worse or as bad. But granted, capitalism in its current form must fall or we all will

[@IsomerSoma]

@@SolosSpirit I wouldnt be too sure about that. Debt is skyrocketing, so is wealth inequality, the same mechanisms which caused the 2008 ciris are still in place. The next one will be worse than the last one and the next one WILL come. There isnt even a question.

[@SolosSpirit]

@@IsomerSoma alright I'll take that

[@jonathanfurtado3696]

@@IsomerSoma it's like this every 10 to 15 years in the United States now the rest of the world is just affected by it because of globalization and The banking practices that started in 1917. but sadly when it hits major changes are going to come but, I don't think it's going to be like what the average person expects it to be. because has Representatives look at every little person in their little tiny box of representation. And dictators only look to keep their keys of power happy to keep them in place.

[@smode983]

Too bad there wasn't a bail out for small businesses like my sign shop that went under thanks to 2008.

[@mrqadaffi3638]

S Mode I don’t think the health of the world economy hangs on your sign business bro

[@rhijulbec1]

A wise man.

[@sarka74]

The thieves who created 2008 waked away with the loot like bandits. I guess the best way to rob main st is to own a bank

[@JackJackKcajify]

And guess what. Two months after this video, the stock market peaked and began selling off which culminated in the single worst Christmas eve day in stock market history. The market rebounded after that, due to forces unseen. the market has been going up non stop since Christmas day.

[@RasheedBarnes]

Crooks.

[@dondressel4802]

How about buying gold and silver on your credit cards Make payments for a year and then file bankruptcy

[@roberthertz6634]

I like YOUR THOUGHT s. May I hold the metal. For safe keeping.

[@TheAdekrijger]

Warren Buffet :You couldn't stand outside and be protected from all of it. The guys who shorted the housing market:

[@lasttrendstandning2940]

Love that guy

[@saulkid7232]

Quite a few antisemites in this comment section..

[@dalemark4821]

Management didn't suffer enough!!!

[@commonsensenow9517]

I remember it well... I personally lost over $1.5 million in wealth and i was a little fish nobody.... This go around will be so much worse, but I am prepared better this go around...

[@BokassaNet]

Carol Concilio prepared how?

[@bartaandel7798]

Right now's the time to get ready and down size in every aspect ..Be ready to barter it may be all you can do at that point of the ultimate crash, like we've never seen before

[@bowhello]

What should I do. Help me get prepared. Any tips?

[@Sun-Tzu-]

I love Warren Buffet, it's so rare you get wealth, class, style and intelligence in the same man. A true deserving billionaire.

[@ilsunnylo3562]

So next collapse?

[@gladifly]

The ditching of the dollar. That will be the next one and a BIG one! Russia and China are going to take down the Anglo-American empire, without firing a single shot.

[@quattro4468]

2 years after adoption of negative rates.

[@algee8415]

Bought GS too early. Fell much further. But if he held it he would made out ok

[@KevinP32270]

The Oracle of Omaha has spoken.

[@LM2.S54]

Should’ve let them all fail, maybe then this country would’ve humbled up.

[@ayushacharya972]

Iceland did let its banks fail, and established a direct system to pay its citizens to offset some of the loss the citizens had suffered at the hands of the banks, and they weathered the crisis, but this could have been very risky in a gigantic economy like 🇺🇲

[@kaybass520]

People ask me "How long is the Great tribulation?" It is a five- month cataclysm, as seen in Revelation 9: 5, 10 which corresponds to the 150 days in Genesis 7: 24; the Great flood of Noah. Matthew 24: 37. At this time, the wicked are destroyed, as seen in Psalms 92: 7 and Psalms 37: 8-10; and this brings the Great tribulation to an end. The survivors are found in God's Kingdom, at the appearance of Christ; at the beginning of the crisis, as seen in Matthew 25: 31, 34. That is why the faithful are protected; and will survive John 3: 16 The EURO will collapse, leading to war between the EU and Russia Declare "Peace and security!" in Israel; apply maximum pressure to Iran, and watch the 'sudden destruction' Daniel 11: 44, 45 1Thessalonians 5: 2, 3. Jehovah's Day arrives 'like a thief in the night' 1Thessalonians 5: 2. Places in battle and distress at this time are: Gaza, Ashkelon, Ashdod, and Ekron. Zephaniah 2: 1-11. Christ told us to 'get out of Judea' at this time. Mark 13: 16. The worldwide financial meltdown Psalms 46: 4-6 Revelation 18: 17 Ezekiel 7: 19 that comes with wars Jeremiah 25: 24-26 and worldwide wrath Revelation 11: 18 also means that the time of man's rule over man is OVER Romans 9: 28. Now, CHRIST RULES Matthew 24: 29, 30 and survivors are found in God's Kingdom, when He arrives. Matthew 25: 31, 34. "Come, you people! Buy wine and buy milk without money and without price!" Isaiah 55: 1. YES INDEED; they STUFF it, and YOU will SEE it happen.

[@elizabethsims9961]

Bailed out the banks...what would have been the effect on the economy if they had supported the people losing their homes? Wouldn't that also have stabilized the banks and stopped foreclosures?

[@jonathanfurtado3696]

You would think by giving the people a few thousand extra dollars a month would help them keep their house. Like they did in Finland. u.s. government: middle class people are stupid, lazy and do not know how to use their money. Middle-class family: I'm too rich to get any government welfare. So all my money goes to rent/home mortgage, food and cost of living. The sad truth is all governments love the rich people and want to keep the poor. People in the middle get out of the way. the rich people help you keep the wealth and keep you in power. the poor people stay loyal because you give them stuff, or they're too dumb to know what's going on. the people in the middle either go poor or don't move at all.

[@jonathanfurtado3696]

PS secondly why they didn't bail out the taxpayeror homeowner. it's because the bank in the end would have gotten the house and the money. you see double dipping make back the money. That you lost in the first place.

[@jessicastanfield8975]

No money for anymore bailouts. The economy is moving along. Unemployment is low,but those working still are not getting paid living wages. Investors are going to kill the economy especially the housing market. Buying up anything affordable for the lower classes and renting them at outrages rates that the lower class can't keep up with to much longer. It's going to backfire big time. No room for bailouts. No help this time.

[@remosharan6138]

Thumbnail looks like he is planning one...

[@slvrchrm3100]

Berkshire Hathaway surely profited from real 🏡 🏡 realestate

[@afanofgreatmusic8223]

I was 15 when this happened...

[@jamiekloer6534]

Warren buffet so brilliant. When the fed blows a bubble sale when it pops buy. Then on the next bubble do again and again until the whole system is destroyed.

[@klaytmorfoot5135]

False. Completely with precedent. We’ve bailed out banks and large corporations for decades. The 2008 bailouts were only unprecedented in their nominal scale. Read chapter 3 from the book The Creature from Jekyll Island.

[@eric777100763]

Without all the hocus-pocus I'll tell you what the issue is these rich people get greeting they take high-risk Investments because 10% or 15% is enough play one more and when they crap out they expect everybody else to clean up the mess.

[@ggggg-h9s]

I worked for a Warren Buffet company worst 4 years of my working life..

[@IkBenDigio]

Why?

[@reubenpapang5803]

They stepped up, it seems

[@alloomis1635]

i keep suggesting that americans should get a new constitution, this one only works for the rich. would be easy to do, if only americans wanted a democracy. but they don't- they prefer to listen to politicians, in the face of endless evidence that politician rule only works for the rich. can't help people who are too dim to help themselves.

[@Lollolcentral]

Buffett can lift mjolnir

[@johnf6687]

Where’s the oversite????

[@pikminlord343]

Benefits of hindsight

[@Peace-ju9us]

it is OK to invest (?), but I will stay as liquid as I can, pay off all bills, keep healthy, and under the radar

[@jamesfiegel9675]

and put dollars and gold in/under your bed safe :)

[@troybradshaw8781]

We only need to remember that the best investment is oneself. It’s the catalyst of security and a future for our children. The Stock Market is a long shot in a horse race. If your Wise you can make money in the stock market. But why not gamble on oneself instead? The secret to a long lasting relationship is to work together to build a future of trust and love. Failure is motivation and the learning curb. Not all of us are just smarter Mr Buffet We are Wiser Than you...

[@Semper_Iratus]

The sheep still sleep.

[@amandaderp9263]

My mother and even my dentist lost their entire pensions just gone from these greedy capitalists bankers

[@Stamatis_Misirlis]

@@ChuChuBelo I do not not believe in lessons. In Greece, initialy we had our money in a bank account, and around 1998 we decide to invest in stock market. At the crisis of 2000 we lost our money in the stock market, and they tell us that the stock market is a risky investment. So then we placed our money to bonds, as a more safe investment, but in 2012 heavy crisis lead to "haircut" in our bonds. They tell as we are greedy. The remaining money we took them to our home, but many become victims of robbery. They say to us that was an inapropriate way to protect our money. So we place our money back to the bank account we had initialy. And them came the 'capital control', and we couldn't took our money from the bank. The good think now, is there is non wise ass to tell us what we have done wrong!

[@crystalyeow2911]

Warren has

[@tibsyy895]

It's easy to step up with other people's money. AKA the taxpayers.

[@stepintimesmith9607]

So where is the bubble now?

[@0Beyonder0]

up my ass

[@tonykaraf2163]

Your time is coming Mr.Buffet......

[@ericcl5313]

One year from now: *"how could we forsee the crisis??"* - just like they said 10 years ago. Well dumb dumb you were the one who didn't see. Like buffet said; _we get smarter, but we don't get wiser_

[@josephfalco3141]

Watch "The Big Short" which explains the macro view of how this happened. The ratings agencies and the shills all touted every stock and fund as "buy now". No one wanted to point out dangers and short falls because the banks would just go to another rating agency until they got a good rating on whatever they were selling. There WERE people who knew but they were small voices and no one was listening. Or wanted to know.

[@OFP]

I don't get the hahahah what does he mean kinda strange

[@thompaulson5152]

Like a smiling devil, everyone was effected but some way more then others. So we listen to him for what cause he has more money the anybody don't be made he said it will happen agian, but how this time i wonder

[@MrUndersolo]

#EconomicPearlHarbor

[@ventureelect]

The problem is they are all a bunches of crooks, including you Mr Buffet.

[@vividvulpe9842]

Sometimes you just gotta gurt

[@cultuuedpetri]

35mil sounds like a lot but it is only 10%of the population.

[@veso.b]

in your request, you can download videos with finance-get.com

[@dougn2350]

Tax the rich. 90% over $10 million income. Make them pay us back for their corrupt management!

[@doncorleone5434]

Lol you crazy

[@jonathanchoi3533]

Buffett preys on those who cannot afford homes by offering them mobile homes which are depreciating assets. It's the same game uber and lyft are paying which is to get 100%of the profits and stick the liability onto the owner.

[@chriscrabtree1735]

Working-class taxpayers will not be bailing out the Investor Class next time around: Expect mass riots if they try to soft-pedal this through next time.

[@diesel2478]

Cattle do as your told 🧟‍♂️

[@geoffphillips5872]

Hey youngsters, the only info you need to know is economies’ 18.5 years cycles that have been regular as night & day since 1800. Just Google sage economist Philip J Anderson & be amazed. I’m a CPA ( accountant) & his book amazed me. The doom & gloomers are a dime a dozen to make money from your subscriptions.

[@azzuriazzuri5468]

Crisis global and the great tribulation

[@phillipwombacher9635]

Lol and us marxists were like ya we told ya so