2 years ago

418

𝐆𝐞𝐭 𝐓𝐡𝐞 𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐆𝐮𝐢𝐝𝐞 𝐓𝐨 𝐁𝐢𝐭𝐜𝐨𝐢𝐧:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss Warren Buffett and peak fiat privilege. Historians will look back on Buffett as the quintessential example of Cantillon wealth and fiat privilege, given his investment reliance on fiat food, government bailouts, rent seeking, and central bank money printing.

Buffett benefited greatly from the 2008-2009 bank bailouts. For US banks, it's heads I win, tails you lose. They privatize the profits in good times and socialize the losses in bad times.

Even Buffett's concept of a moat (sustainable competitive advantage) relies heavily on government intervention and regulatory barriers that make it difficult for new entrants.

In everything Buffett touches, he reminds us how anti-progress and pro-rent-seeking he is. He only embraced Apple and Amazon when they became rent-seeking monopolies of their own. He has zero interest in pushing forward humanity with new tech.

So it's no surprise that the guy who has benefitted from peak fiat doesn't like Bitcoin and calls it rat poison.

History will not smile kindly on the life and investments of Warren Buffett.

Not investment advice! Consult a financial advisor.

Berkshire Hathaway:
https://en.wikipedia.org/wiki/Berkshire_Hathaway

Disgusting Kraft Heinz brands:
https://www.kraftheinzcompany.com/brands.html

Coca Cola causing health problems worldwide:
https://www.nytimes.com/2018/07/14/world/americas/mexico-coca-cola-diabetes.html
https://www.thoughtco.com/coca-cola-groundwater-depletion-in-india-1204204

Buffett and investment moats:
https://www.yahoo.com/video/warren-buffett-explains-moat-principle-164442359.html

Buffett's bailout:
https://static.seekingalpha.com/uploads/2009/8/5/saupload_buffett_bailout2.jpg

Buffett's betrayal:
https://seekingalpha.com/article/154016-buffetts-betrayal

How Warren Buffett Gained from Bank Bailout:
https://www.cnbc.com/id/40276100
https://www.taxpayersunitedofamerica.org/warren-buffett-crowned-king-of-hypocrisy/

Buffett's mobile home empire preys on the poor:
https://publicintegrity.org/inequality-poverty-opportunity/warren-buffetts-mobile-home-empire-preys-on-the-poor/

Buffett on sex:
https://www.fool.com/investing/value/2009/07/13/warren-buffett-on-sex.aspx

Bitcoin is rat poison meme:
https://pbs.twimg.com/media/EmoRwM2U4AANCad.jpg

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#warrenbuffet
#berkshirehathaway
#bitcoin

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

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