Bitcoin Bull Max Emperor Blaster Billionaire Skeptical Warren Buffet as an "Unmitigated Fraud"

Bitcoin enthusiast Max Keizer took a gander at a newsletter Warren Buffett sent to Berkshire Hathaway shareholders and he was not happy at all. He saw the actions Buffett revealed in the letter as the main reasons people were buying Bitcoin instead of investing in the stock market.

Keizer's reply contained tweets and interviews this weekend. He tweeted that the letter stated that Buffett is not happy with the stock market. The points in Buffet's letter may even have helped to raise Bitcoin's price over $ 4,100.

While many took the victory from Buffett to Bitcoin's prize as a joke, Keizer said in an interview with RT much more to do a case for Bitcoin to invest instead of stocks investing .

It takes Gumption to tear Oracle

Keizer has been very vocal about his dissatisfaction with something to do with traditional investment. He offered ante Saturday by going specifically for Buffett, and it was revealed in that letter.

Take a look at this tweet:

In an interview with RT published Sunday, Emperor Buffett took the mission and said he would wipe the nut about Omaha Oracle. He didn't whack a word that he hid Buffett from being partially guilty of business problems, including some in Berkshire Hathaway's portfolio.

According to RT, Keizer specifically mentioned Wells Fargo as one of these companies.

Buffett's scams are countless and

Berkshire's American Express holdings have remained unchanged in the past. [19659000] Stock Buybacks Raise Keizer's Ire

In the letter, Buffett explained that companies that bought back shares were more attractive.

He wrote:

eight years. Meanwhile, ownership increased from 12.6% to 17.9% due to repurchases made by the company. Last year, Berkshire's share of $ 6.9 billion earned by American Express was $ 1.2 billion, about 96% of the $ 1.3 billion we paid for our shareholdings in the company. As earnings increase and stocks expand, owners – over time – will usually do well.

To Keizer, it seemed to be like Buffett who said "blah, blah, blah, blah, blah."

About stock repurchase, or repurchase of the company's stock, he told RT:

It's pure fraud. Its sole purpose is to commit accounting fraud for the benefit of insiders.

Fool's Gold

In another example of Buffett, who was not entitled to Keizer's opinion, he questioned Buffet's attitude to gold.

Buffett wrote: 19659013] Those who regularly preach doom because of state budget deficits (which I regularly did myself for many years) may notice that the country's government debt has risen about 400 times over the past 77 years. That's 40,000%! Suppose you had anticipated this increase and panic on the prospect of a deficit and a worthless currency. To "protect" yourself, you might have eschewed stocks and opted to buy 31/4 grams of gold with $ 114.75.

And Keizer replied:

The real story is putting gold in context and understanding that Buffett is so -called success is entirely driven by a cozy relationship with Wall Street and the Fed that gives him almost unlimited access to credit that carries zero percent interest rate.

Buffett has been a bitcoin skeptic for a long time

Buffett did not mention Bitcoin in the shareholder letter, but it did not stop Keizer from retrieving comments Oracle has said earlier. For example, he is called "rat poison" and "a resource that does not create anything."

He's right. And there's no bigger rat than Warren Buffett. The world is waking up. Ponzi's arrangements of Buffett are revealed and the masses move to hard money like bitcoin and gold.

He was asked last year if he would think of his comments on Bitcoin, for example calling it a "real bubble".

He said:

When it comes to crypto curves, I can almost say with certainty that they come to a bad end.

On Saturday, CCN reported that Bitcoin's price increased from $ 3,920 over two hours to $ 4,137 by over 5 percent against US dollars. It began to change Sunday morning, New York City time. Bitcoin's price had fallen below $ 3,800.

ALSO READ: & # 39; The Oracle & # 39; Warren Buffett: & # 39; Stay away from Bitcoin & # 39;

Bitcoins price falls. Diagram via TradingView

Source link

Back to top button