Warren Buffet's annual letter to shareholders is evidence that the Investment Titan is a "scam and a charlatan", the Broadcaster Max Keizer has said. But Buffett's loss can be bitcoin gain.
Buffet's letter, issued annually to the shareholders of his firm Berkshire Hathaway, "excludes" kingpin as "an unmanned scam and charlatan relied entirely on taxpayers bailouts and accounting tricks," Keizer exclaimed on Saturday.
#Bitcoin up on news Warren Buffett reveals himself in his annual letter as an unmitigated scam and charlatan relies entirely on taxpayer bailouts and accounting tricks.
̵1; Max Keizer, tweet poet. (@maxkeiser) February 23, 2019
"Buffett's scams are countless and date back decades," Keizer told RT and cited Buffet's inability to recover years of business problems at Wells Fargo , partly owned by Berkshire Hathaway.
His letter also showed that Berkshire Hathaway began buying back shares in its own companies last year. Repurchase allows a company to inflate its own share price, and is generally as a sign a company's share is undervalued. Repurchase was illegal and considered a form of market manipulation until the Securities and Exchange Commission gave the exercise the green light in the early 1980s.
"It's pure fraud" Emperor continued. "The only purpose is to commit accounting fraud for the benefit of insiders."
Buffet's letter continued to melt gold, ridicule "magic metal" as a poor investment choice. "The real story," said Keizer, "putting gold in context and understanding that Buffetts 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 percentage interest. "
For years, Buffett has published ridiculous cryptocourse values such as bitcoin, it calls " rat poison " and " an asset that doesn't create anything ".
] "He's right. And there's no bigger rat than Warren Buffett," Emperor unloaded on the Wall Street tycoon. "The world is waking up. Ponzi's arrangements of Buffett are revealed and the masses are moving to hard money like bitcoin and gold."
Languishing at around $ 3,500 since it nearly $ 20,000 high in 2017, the price of bitcoin fired up over $ 100 after the Buffet released its letter. "I maintain my price prediction I first made on the Keizer Report in 2011 when Bitcoin was $ 1," Keizer concluded. "We want to see $ 100,000 for Bitcoin, as it swallows the world's oversupply of worthless fiat money; marks the end of charlatans like Warren Buffett."
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