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Non-Tech : Kirk's Market Thoughts

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Nov 10 3:59 PM EST

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Kirk ©

To: Kirk © who wrote (9634)	5/3/2020 4:08:36 PM
From: edward miller	1 Recommendation of 26450

Not directly on REITs, but I saw this comment yesterday on Warren's latest remarks at BH shareholder virtual meeting by one who listened in. Bolding is mine. Message 32713480 "I live streamed the entire shareholder meeting. He said to never bet against America as long as you have a twenty year time horizon. He also spent considerable time discussing the crash of 1929 and the subsequent countertrend rally. In 1930 no one seriously believed they were going into a depression, they incorrectly assumed it was just a recession. I doubt he chose that particular topic just to fill up air time...." ----------- BTW the Federal Reserve has predicted a depression. The money quote below is from the video linked here: youtube.com "Even as the privately owned Federal Reserve is projecting a depression that will make the Grapes of Wrath look like a vacation brochure, it relentlessly continues to lard toxic assets--assets that in the good old days fueled bonus pools larger than many countries, not one penny of which went to the public--onto its balance sheet. Once Mega Depression inevitably wipes those assets out, guess who gets to eat all the losses? Yeah, you do. That's the entire point of our privately owned and operated monetary system, rube--so your life can attain significance through your service as runway foam for your betters to land their jets on once their airborne coke-and-credit orgies invariably return to the ground." The video runs about 18 minutes. Unless you are a Fed tracker this isn't worth watching unless you set aside the time to watch the whole series of videos (best done in proper sequence of release) under the subject "bestevidence": youtube.com

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