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Interpreting Buffett's bet

Buffett in his dotage is getting giddy. His last three announced investments should be making his Berkshire stock holders queasy.

Warren Buffet also bet (invested) heavily in Electric Cars.

Having been snubbed by Detroit several years ago when oil was cheap, he turned to China which builds a Toyota Corolla knock-off called the F3 by a company named BYD.

Okay. so says you and your $5 net worth?

I am going to back Buffett on this one.

How about that Goldman Sachs investment? How is that working out for him?

Maybe his parents couldn't afford to buy him a train set when he was a child so now he wants his very own train set

Why the growing jobeless rate?, because they say the dollar is now worthless. Buffett?.

Like much of the rhetoric from policymakers, it sounds good. But it never translates into meaningful action. Maybe Mr. Bernanke is trying to distance himself from the dollar’s ongoing problems and put the blame on Congress and the President by highlighting that they are failing to maintain a “sustainable fiscal” policy. But like Alan Greenspan who is now trying to re-write history and put the blame for the housing bubble on anyone but himself, the reality is that Mr. Bernanke cannot totally blame politicians.

He could do what Paul Volcker did, and raise dollar interest rates to send a message to the market that he will not allow the dollar to be destroyed. But that is not likely to happen. There has been no indication that Mr. Bernanke will raise interest rates anytime soon, much less raise them to the level needed to convince the market that he intends to preserve the purchasing power of the dollar.

Sadly, the dollar is no longer as good as gold. It is now only as good as the empty rhetoric of politicians and central bankers

REALLY Interpreting Buffett's bet TRUTHFULLY -

The stats and growth prognostications from tout television, New York banksters, our Federal Reserve, U.S. Treasury, and various U.S. Government fiscally incestuous cabal members are replete with liars, exaggerators, and crooked politicians. The U.S. Government and several others are economically dead; they just haven’t admitted it yet.

The United States' financial affairs are an empty burning hulk of disaster.

There is not enough taxing power, stealing power, money and bond-printing power on this globe for these dudes to worm their way out of a major collapse. It may take some time, but its coming for sure. There is no way out except to inflate. And, we know how that one ends. Read about Germany's hyper-inflation of 1921-1922.

We are not yelling fire in this theatre of the absurd but rather giving an untenable situation the cold, blank, fishy-eyed stare of an auditor. Two and two isn’t 20 and never will be. Most everyone is broke and going broker. Even those with no debt and holding supposedly strong assets in government paper and real estate reside in quicksand.