Photo: Warren Buffett and President Obama in the Oval Office 2010 - "I can flip that trillion and make it into ten, Barack."
In an interview with Ben Stein published November 26, 2006, Warren Buffett said the following:
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
I think Warren was just being an honest person. With plans of giving away 99% percent of his wealth when he passes, I believe indirectly that he is simply giving information to those who wish to pay attention, while being one of the greatest philanthropists of the modern age.
As the saying goes, the rich keep getting richer. Unfortunately the Mortgage Schemes presented to the Public by the banks is a fraud. Forcing people to pay 150-200% Interest on loans to acquire property for themselves which take a vast part of an adult lifetime to pay-off and also foreclosing on properties that have the value of the property paid, yet not the interest, is a despicable practice. Home ownership is the American Dream right? Sure, after the banks squeeze you for everything they can get, cause.... they need to make money too, right? ... and you want a loan for 30 years right? No.
Whatever happened to the Bailey Building and Loan, oh wait, that was just a fairy tale. Unfortunately the banks did take over our country back in 1913.
Our Founding Fathers made many warnings to future generations, yet no one wishes to listen at all. Thomas Jefferson made a comment that "..banking establishments are more dangerous than standing armies..", and who knows if he was relaying the cold-hearted disregard to the human for a coin, rather than a passionate defense of a country that an army provides, rather than the warm rationale of George Bailey trying to save his small hometown operation during the rush of the banks.
We shall never know the true intent of words of our passed predecessors, but fortunately we have them to read and to speculate.
Warren is simply a wise businessman who worked since he was a child and made his wealth through savvy investments. If you want it, it is out there, go get it.
Ben did a great job with this article:
Click Here to Read Ben's Article about Warren in the NY Times
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