Fundamental Human Rights

The Right to a Sustainable Future [Filtered & blocked by Google!]

Buffet the Poor

Posted by feww on May 25, 2008

Warren Buffet: World’s biggest moneybag [AND CO2 producer]

The United States is in a recession, one that will be longer and deeper than most people expect, said Warren Buffet, the world’s biggest moneybag.

“[T]he people are already feeling the effects,” said Buffet. “It will be deeper and last longer than many think.”

The world’s moneybags have only one goal in mind: To make more money than everyone else, despite the environmental and social consequences. “If the world were falling apart I’d still invest in companies,” Buffet said.


Warren Buffet listens to a question during a news conference in Madrid May 21, 2008. REUTERS/Andrea Comas. Image may be subject to copyright. See RTSF fair Use Notice!

Invariably, they blame someone else for the ills they create. Buffet, as usual, blamed the derivatives market.

“It’s not right that hundreds of thousands of jobs are being eliminated, that entire industrial sectors in the real economy are being wiped out by financial bets even though the sectors are actually in good health.”

Buffet bemoans the “lack of effective controls,” as if the system ever had any.

“That’s the problem,” he said. “You can’t steer it, you can’t regulate it anymore. You can’t get the genie back in the bottle.”

Thank you for Lesson One, economy 101, Mr “B,” and may you live long enough to witness the full scale of the environmental and social catastrophes, the impact of your lot’s casino economy on the world. May you live in interesting times!

Related Fact:

  • Warren Buffet’s Net Worth: $62.0billion [Warren Buffet produced at least 30.628MMT of CO2 in 2007]
  • Combined Net Worth of World’s Richest 100 : $1,725 billion
  • No. of World’s Billionaires : 1,125
  • Combined Net Worth of World’s Billionaires : $4,384 billion (source)
  • No. of people who live on less than $2 per day: About 4 billion (Source)

Related Links:

buffy

Advertisements

6 Responses to “Buffet the Poor”

  1. […] Comments Buffett and the Poor… on Food Riots Grip Egypt, Haiti, …Buffett and the Poor… on […]

  2. […] Buffett the Poor […]

  3. […] Buffett the Poor […]

  4. […] Buffett the Poor […]

  5. […] Comments Buffet the Poor … on Wal-Mart, the Panther Chameleo…Fay drops 25 inches … on World NowFay drops 25 […]

  6. […] Inequality went up in more than 75 percent of OECD countries, the report shows. The rich got richer, and the poor were Buffetted. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: