Illuminati Stock Guru Warren Buffett Offers A Statement Of Fact - "Warren Buffett says economy fell off a cliff"

At a time where even many of the super rich are getting taken to the cleaners, financially speaking, Berkshire Hathaway founder, Warren Buffett states that he's seeing disturbing changes in the American people's traditional spending habits that even he's not seen before. Keep in mind here, that historically Berkshire Hathaway's holdings have offered the best combination of both security and yield of virtually any stock in history. However, since the sub prime mortgage debacle orchestrated by the privately held Federal Reserve System, Berkshire Hathaway's showing its worst stock performance in the history of the company.

"Overall, Berkshire's 2008 profit of $4.99 billion, or $3,224 per Class A share, was down 62 percent from $13.21 billion, or $8,548 per share, in 2007.

Berkshire's fourth-quarter numbers were even worse. Buffett's company reported net income of $117 million, or $76 per share, down 96 percent from $2.95 billion, or $1,904 per share, a year earlier."

When a company with the sterling reputation of a Berkshire Hathaway shows such abysmal numbers (relative to its history of outstanding performance), the average investor knows that they're in for rough times. Also note that in the following article, there is no mention of the Federal Reserve System's role in creating this artificial economic meltdown, which investors like Buffet are already poised to take advantage of, purchasing shares of other companies' stock for pennies on the dollar.

When Buffett says that things will be fine five years from now, what he really means is that they will be fine for those, like himself, who have the reserve capital to take advantage of another fire sale like the one which took place after the Federal Reserve orchestrated stock market crash of 1929.

However, much of the U.S. population (the middle class) will find themselves in a similar situation to that of the middle class in 1929, and the subsequent Great Depression of the 1930's. Jobless, homeless and in a desperate search for the basic necessities in life. A tragic scenario once again created by the Illuminati's elite, who are again ready to swoop down and capitalize on the misfortune of others.

Given this, it's not surprising that in the following article Mr. Buffett never mentions the real cause of the present economic woes which the American people find themselves in - a Federal Reserve System manipulated currency which has lost virtually all of its value due to inflation (not being based on the gold standard), and which is soon to be replaced by an electronic form of currency know as the Amero -- leaving the American people with a cashless society. The European Euro will likely replace the dollar as the new global reserve currency in the near future.

However, given that the Euro's valuation is also based on essentially nothing but thin air, it will only be a matter of time before this currency finds itself where the Federal Reserve Note now resides.

The American people must go back on the gold standard if they are to restore the value of their paper currency. For a paper currency backed by nothing of intrinsic value, will eventually fail as the dollar is destined to do. And this means that Americans must take on the Illuminati controlled Federal Reserve System, and eradicate it and its IRS private collection agency from the American landscape for once and for all. This, and the reestablishment of the gold standard in the United States will then allow the American Proletariat to again begin to prosper.


Warren Buffett says economy fell off a cliff

Mar 9, 9:24 AM (ET)
By JOSH FUNK

OMAHA, Neb. (AP) - Billionaire Warren Buffett said unemployment will likely climb a lot higher depending upon how effective the nation's policies are, but he remains optimistic over the long term.

Buffett said the nation's leaders need to support President Barack Obama's efforts to repair the economy because fear is dominating Americans' behavior and the economy has basically followed the worst-case scenario he envisioned.

"It's fallen off a cliff," Buffett said Monday during a live appearance on CNBC. "Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen."

Buffett said the changes are reflected in the results of Berkshire Hathaway Inc. (BRKA) (BRKA)'s subsidiaries. He said Berkshire's jewelry companies have suffered, but more people have been willing to switch to Geico to save money on car insurance.

He predicted that unemployment will likely climb a lot higher before the recession is done, but he also reiterated his optimistic long-term view: "Everything will be all right. We do have the greatest economic machine that's ever been created."

Fear and confusion have been driving consumer and investor behavior in recent months, Buffett said.

The nation's leaders need to clear up the confusion before anyone will become more confident, and he said all 535 members of Congress should stop the partisan bickering about solutions.

Buffett said he believes patriotic Republicans and Democrats will realize the nation is engaged in an economic war.

"What is required is a commander in chief that's looked at like a commander in chief in a time of war," Buffett said.

Whatever the government does to help the economy will likely benefit some people who made poor financial decisions, but Buffett said Americans should realize that everyone is in the same boat.

"The people that behaved well are no doubt going to find themselves taking care of the people who didn't behave well," Buffett said.

A little over a week ago, Buffett released his annual letter to shareholders describing the worst of his 44 years at the helm of Berkshire. The Omaha, Neb.-based company reported sharply lower profit because of its largely unrealized $7.5 billion investment and derivative losses.

Overall, Berkshire's 2008 profit of $4.99 billion, or $3,224 per Class A share, was down 62 percent from $13.21 billion, or $8,548 per share, in 2007.

Berkshire's fourth-quarter numbers were even worse. Buffett's company reported net income of $117 million, or $76 per share, down 96 percent from $2.95 billion, or $1,904 per share, a year earlier.

Buffett said he doesn't regret writing an editorial last fall encouraging people to buy U.S. stocks, but he joked that in hindsight he wishes he'd waited a few months to publish the piece. Since that editorial appeared on Oct. 17, the Dow Jones industrial average has fallen from 8,852.22 to close at 6,626.94 on Friday.

Buffett stands by his overall advice that over time owning stocks will be better than so-called safe investments.

"Overall, equities are going to do far better than U.S. government bonds at these prices," he said.

Buffett said he doesn't regret investing $8 billion of Berkshire's money in investment bank Goldman Sachs Group Inc. (GS) and conglomerate General Electric Co. (GE) last fall. Both companies gave Berkshire preferred shares paying 10 percent interest that Buffett said he doesn't think he could get now.

Berkshire owns a diverse mix of more than 60 companies, including insurance, furniture, carpet, jewelry, restaurants and utility businesses. And it has major investments in such companies as Wells Fargo & Co. (WFC) and Coca-Cola Co. (KO)

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