There Buffett goes again, destroying his own legacy.

Long time readers know I am a Buffett watcher, but not like the sheeple watch him. They look upon him with awe and wonderment, a living god.  I look at him as a liberal insider trading con man.  And I predicted long ago that when liberalism kills the stock market, Buffett's legacy would collapse right along with it.  I even went so far as to say people will spit when they hear his name.

Obviously none of that has come about yet but rest assured, it's coming.  And the reason is simple.  While Buffett tells the gullible sheeple to just leave all their wealth in the markets, he has 120+ billion on the sidelines just waiting for the next collapse.

Well Buffett knows that confidence is waning.  Like the con men back in 29-32 who went onto the floor of the stock exchange and made a big show about buying into the collapse in order to maintain confidence in the con, Buffett, that wise old gentle owl of a man is now "disagreeing quite violently" that the stock market isn't a wealth generation machine.

What he actually said is that he disagrees that passive investing is "dead".  Passive investing is simply buying more the S+P 500 each month because golly gee darn, don't you know that stocks always go up!  If you cannot get hurt by passive investing because, after all, the fed got your back, then you might be tempted to lay hands on your wealth lest it all evaporate in a puff of smoke.

And all the while this con man tells main sheep to stay invested, he is sitting with record cash on the sidelines "because he loves stocks so much".  What a fucking bullshitter.  Oh, even more laughable, Bluffett (sic) compares buying stocks to being a farmer!!  HA HA HA!! Farming is WORK.  Money you make from farming is due to your labor.  Buying stocks is gambling and sooner or later the house always beats the crap out of those who live in a casino.  This might just be the most desperate, disingenuous thing I have ever heard emitted from his buffethole.

The more he cheer leads for the system, the more I know my world view will turn out to be correct because if the system really was sustainable, i.e. not a debt Ponzi scheme, then nobody would ever have to say it.  It would self-obvious to all.  Nobody would ever call debt free farming a Ponzi, now would they?

Here is something that I hope all my readers do right here and now.  I'm not asking anyone to come public or say anything in the comments.  But do this quietly to yourself and in fact for yourself: state whether you think I'm right or I'm wrong about Buffett.  Is he really just a wonderful old bag of investing wisdom or is he a liberal old manipulative, cheating insider trader who says one thing and does another?  This will be important to you at some point in this way: most people cannot see what I see.  If you see it differently than I do, then bully for you, stick with your world view.  Question it whenever you get a chance (like I do mine) but only change your mind if you see the evidence.  Maybe you will be right, who knows?

But if you are wrong then this will represent a learning moment for you (and for me if I am wrong as well).  The only way we learn is to test ourselves like this.  So try to remember all of the reasons why you might disagree with me (if in fact you do) so that when I turn out to be right (hey, it's my blog  ;  ) you will have some tangible things to consider, the important outcome being that through deep self examination you aren't fooled again.