The government might actually call his bluff, raise his taxes, eliminate his loopholes and make him put his money where his mouth is.
Posted on 02/27/2012 6:44:34 AM PST by blam
Warren Buffett's Greatest Fear: An Inevitable Nuclear, Chemical Or Biological Attack On The US
Simone Foxman
Febuary 27, 2012
In an hours-long interview with CNBC this morning, Warren Buffett admitted that his biggest fear for the U.S. economy is not growth, public debt, Europe, or any of the many threats that generally top economists' worry lists.
It's actually a nuclear, biological, or chemical attack. Even so, an American baby is probably the luckiest person in the world today.
From the interview:
CNBC's Becky Quick: Overall you are very optimistic about the future not only of this country but of the stock market. But if you have a list of worries, what's at the top of that list?
Warren Buffett: My biggest worry is nuclear, chemical, and biological attack of some sort, whether by a government or by a rogue. That will happen some day in our future and that will be a large tragedy to an unbelievable tragedy.
Quick: Right now it's not on the forefront of Americans' minds although a lot of things that are happening in the Middle East right now are creeping back up there.
Buffett: It'll happen sometime when it isn't on our minds just like it happened on 9-11. There are people that wish us ill and they wish us a lot of ill if they can pull it off. So nuclear, chemical, and biological knowledge is spent. There are plenty of people that wish us ill, so that is the biggest worry. But in terms of the economy and all that, the luckiest person in the history of the world is the baby being born today in the United States. I mean, in terms of the outlook for their lives they are going to live better than John D. Rockefeller
(snip)
(Excerpt) Read more at businessinsider.com ...
Buffett is worried the Keystone pipeline will be built and his railroad will take a hit.
Feh. I knew the old bastard had gone senile when he demanded we — the producers — all pay more taxes to the “bottom 50%.”
I think many will be focused on our children...God help us.
Buffett needs to pay the billion dollars in taxes he owes. I don’t care what he has to say, until he pays his taxes.
Buffet is paying “juice” to Obama’s Chicago Mafia in hopes of avoiding the one billion dollars he owes the IRS, which is really his “fair share” under current tax laws.
What a phony, money-grubbing old coot, and CNBC has him on every other week it seems, portraying him as an example of capitalism, “crony capitalism” that is.
They’re conditioning the sheeple for another false flag operation. I assume the end result of the next one will be to steal the remaining rights of the citizen. Martial law, gun grab, some use of the shiny new NDAA, get SOPA moving etc., etc.
I’m not saying there aren’t enemies outside the borders but I definitely fear the ones inside the borders more. The elite are probably salivating at how close they are to achieving their goals. A lot of the big players aren’t getting any younger so it’s pedal to the metal time.
In fairness Buffet is in the insurance and in particular the re-insurance business. These are the sort of worst-case events that people in that business are paid to concern themselves with. I think it’s entirely natural that he would mention this - it’s basically his job to worry about this sort of thing.
I’m no fan of Buffet or Democrat politics generally, but to suggest that all he cares about re: a devastating terrorist attack on NYC or LA is the loss of Democrat voters is beyond despicable.
Nope.......incontinence.......
That explains why Buffet is so supportive of the president who’s disposing of our nuclear deterrent.
He’s also scared to death of avocados.
But he's right to be concerned about jihadists though it would have been nice if he named them.
If Buffet was destoyed in a nuclear attack, that would at least be a consolation.
Do you remember all the oil refinery fires and explosions following 911? They were always “accidents” and we then heard nothing else about them, but I always had my suspicions. One or two major accidents a year is one thing, but there were a lot more than that.
All we got from the Feds were “move along folks. Nothing to see here.”
I understand the desire not to panic the public, but at some point the thinking public has to wonder if the Feds are lying to protect us or are just incompetent.
A Suspected SARS Outbreak Has Hundreds Of Chinese Soldiers Quarantined
"It was thought SARS had been fully contained, after all, the last case hadn't been seen since June 2003, but that opinion may be about to change.
The government might actually call his bluff, raise his taxes, eliminate his loopholes and make him put his money where his mouth is.
So basically, Warren, is advocating no hope.
Good to see someone else sees Buffet's real fear.
“Buffett is worried the Keystone pipeline will be built and his railroad will take a hit.”
Very little petroleum is hauled in railroad tank cars any more.
Coal, YES, that’s a big commodity with 110-car coal trains all over the place. (Aside: this is why the railroad industry fought vehemently against coal-slurry pipelines.)
But oil, that’s long-gone. I don’t see it coming back.
[ Sure, because if you wipe out a big blue city like New York or Los Angeles Obama can’t win reelection. Obama won by 8 million votes. Vaporize the 90% blue city of New York and you have made up that margin in one flash. ]
I would worry that they would let a heavily red industrial area get attacked.
Or save attack till after election to solidify potical mandate/power.
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