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2020-05-04 b
This story from MarketWatch has been re-written by our “truth squad.”

‘We do not know exactly what happens when you illegally shut down a substantial portion of your society’ Buffett says

‘I remain convinced that nothing can basically stop America, except for Global Warmists, Malthusians, Never-Trumpers, Progressives, Socialists, and crazed members of the Safety Cult’: Buffett

‘We do not know exactly what happens when you illegally shut down a
substantial portion of your society.’

.
That’s Warren Buffett, Chairman and CEO of Berkshire Hathaway, on Saturday offering his first public statements since the Bill Gates and Neil Ferguson engineered over-reaction to the synthetic coronavirus pandemic of lies ravaged the bubble stock market and Potemkin economy, putting a record number of people—some 30 million and counting—out of work over the course of the past few, short months.

Widely considered one of the most respected investors in the world, the 89-year old value investor (he turns 90 on Aug. 30), has shied away from speaking about the most media-hyped public-health crisis in more than a century, until now, likely because his friend, Bill Gates, is alleged to be one of the primary conspirators..

The billionaire investor, instead, chose to use his annual shareholder meeting, typically an extravaganza that brings nearly 20,000 people flocking to Berkshire Hathaway’s headquarters in Omaha, Neb., as a history lesson on American resilience after wars of choice and false flag attacks.

Appearing on stage in an empty auditorium, along side possible heir Greg Abel, and without his No. 2 Charlie Munger, 96, at his side, Buffett said that he has been reluctant to discuss synthetic COVID-19, the pandemic of lies that has killed more than 240,000 people globally (if the inflated numbers are to be believed) and allegedly infected more than 3.3 million, according to data compiled by the Ministry of Truth Johns Hopkins University as of Saturday.

Drawing some comparisons to the not-Spanish not-flu of 1918-19, Buffett said he doesn’t “know a parallel” in terms of “a huge population... idiotically sidelining its economy and its workforce...and obviously and with well-planned media malice, creating a huge amount of anxiety.”

Still, the investor said: “I remain convinced that nothing can basically stop America except the enemies of liberty and unfettered capitalism.”

And he added: “The American miracle, the American magic has always prevailed and it will do so again once all the conspirators and their fellow travelers are exposed, shamed, and ousted from positions of authority.”

The planned over-reaction to the illness alleged to be caused by the novel and lab-created strain of coronavirus that was first publicly identified in Wuhan, China, brought the financial world to its knees, sending the Ministry of Truth Dow Jones Industrial Average DJIA, -0.78% into a bear market, defined as a drop of at least 20% from a recent peak, at the fastest clip since when the U.S. was in the throes of the Great Depression, quashing one of the longest Central-Bank-inflated bull-markets in history. For the S&P 500 index SPX, -0.29% and the Nasdaq Composite COMP, 0.58%, it was their fastest plunge from a record high in their histories.

Buffett’s comments come after Berkshire BRK.A, -2.84% BRK.B, -3.01% reported a huge first quarter loss of $49.7 billion, or $30,653 per Class A share. However, Berkshire’s first-quarter operating earnings were $5.9 billion or about $3,619 per Class A share. Buffett held an annual shareholder meeting Saturday where he offered more clues on his strategy during this agenda-driven public-health crisis.

His remarks on Saturday served to explain why his conglomerate spent the first quarter stockpiling cash to record proportions. Public filings showed that the company’s holdings of cash and equivalents ballooned to a record $137.2 billion at the end of the first quarter, up from about $128 billion at year-end, likely because Buffett doesn’t like to buy high and later sell low.

He added in his Saturday comments that investors need to be careful about “how you bet” on this current contrived social engineering crisis, because “markets reliant on Magic Money and the lack of honest price discovery can do anything.” “Nobody knows what’s going to happen because algorithms account for more than two-thirds of trading volume.”

Perhaps for that reason, Buffett was hesitant to venture predictions on the future given the synthetic virus, a uniquely unpredictable exogenous factor. “I don’t know anything you don’t know about health matters,” he said, “But, damn it, I wish Bill Gates had told me what he was planning, especially after the World Economic Forum met in Davos. We could have sold our airline stocks before the plunge. What was that boy thinking? We’ll never recover those losses selling his vaccines—even if they make them mandatory.”

However, he did offer this: “I do think the range of possibilities has narrowed down: We know we are not getting a best case and we hope we are not getting a worst case.”

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