It is amazing to watch Warren Buffett mock the Fools
Last Fall, Warren wrote a letter to his Rich Uncle Sam thanking him for bailing out Berkshire otherwise it would have gone bankrupt.
What Warren knows is that he was writing a letter to WE THE PEOPLE....as Uncle Sam is only a physical respresentation of the U.S. Government and the U.S. Government is really WE THE PEOPLE.
In essence, Warren is thanking WE THE PEOPLE for allowing WARREN to be rich....but for WE THE PEOPLE bailing him out, Warren's Berkshire would be bankrupt.
The crazy part is WE THE PEOPLE did not bail out WE THE PEOPLE.....as millions of us are going broke and being foreclosed by the very same institutions WE THE PEOPLE bailed out.
Silly gooses....you can't have WE THE PEOPLE bail out only select PRIVATE instititutions and not others and maintain the CONSTITUTION/DEMOCRACY we the people CURRENTLY live under.
WE THE PEOPLE MUST LEGALLY OWN what we bailed out.....otherwise WE THE PEOPLE HAVE TO BAIL OUT EVERYONE....including teachers, firefighters, police officers etc.....that is what all men are created equal is all about.
Here is where the fun part kicks in.....WE THE PEOPLE ARE FIGURING THIS OUT.....and we have a tough choice ahead of us.....ARE WE THE PEOPLE GOING TO OWN EVERYTHING....essentially adopt communism which would be the correct system based upon the current behavior of Congress/Wall Street.....or are WE THE PEOPLE going to let PRIVATE property fail and maintain private property rights in America?
You can't have both ways....where WE THE PEOPLE bail out PRIVATE entities BUT WE THE PEOPLE don't own those entities.....WE THE PEOPLE should own WHAT WE THE PEOPLE take on as liability......because once the people figure out they are really the rightful owners and are getting deprived of those rights....they revolt.
Just wait until the people figure out that WE THE PEOPLE are the rightful owners of the banks and really WE THE PEOPLE owe the money to ourselves.........do you think WE THE PEOPLE really have to pay back the loans to WE THE PEOPLE?
or will WE THE PEOPLE simply bail out WE THE PEOPLE TOO?
Can you imagine how hard Buffett is laughing everytime he sees one of WE THE PEOPLE getting foreclosed by we the people bailed out Wells Fargo?....and WE THE PEOPLE remain silent?