Gates & Buffett: Fathers Of Millions

The Bill And Melinda Gates Foundation will ultimately receive all of Warren Buffett's billions. That combination will add up to well over $ 100 billion in assets.Their main focus will probably continue to be Africa.How many millions of Africans has Bill and Warren constructively fathered through their charity work? Have any of the blacks named their children Bill or Melinda or Warren ? Lately it seems that Bill's and Warren's wealth is growing faster than population and charities in Africa. That puts the foundation in a precarious position of losing write offs. Lose write off's and then lose foundation protection from the tax man. Bill and Warren need bodies ASAP.I wonder. Will the future recipients of Bill and Warren largesse be required to do service to Bill and Warren in the form of personal body guards and/or troops? The foundation has laid a strong foundation for such a loyality based on money. Looks like a good way to get into politics with muscle. Better than attorneys.

Google Insurance: Why? Because You Will Need It

The boys at Google are in the news again. This time they are experimenting with drone aircraft. Google wants to get into parcel delivery.They are running tests in Australia. That's not like downtown New York or San Francisco. I guess they want no costly mistakes . After all "What could possibly go wrong with micro drones delivering parcels in an urban setting?" Of course it 's unarmed and like its name suggests it doesn't have a pilot on board either.Its purpose is to deliver packages.That makes FedEx and UPS potential collateral damage.Google has faith in technology. They are the guys that want us all in driverless autos. Also they want us to wear Google Glass so instead of thinking we just do a Google Search. Maybe we will get distracted just a little bit so we also buy something when searching. Are these guys greedy?Any way. The articles that I have reviewed all start the same way. Google's driverless car or Google's drone delivery project..... And then immediately in the next paragraph comes the question. "No one is quite sure of liability questions". But suppose Google all along wanted to get into the insurance business.That's how Warren Buffett made his swag. He took insurance premiums and played the stock market.Why would any one need insurance? No pilot on board! No driver in front seat! That's why you want insurance.

Eliminate Debt, Eliminate Politicians, Eliminate Unnecessary Wars, Eliminate Welfare And Political Correctness: Embrace Virtual Money Or Barter

Finally a way out of the mistakes of the past.How does one know mistakes have been made? Add up the personal , local ,state and federal debt. If the actions of the past were correct then there would be no debt to be burdened with. Both virtual money or barter would mitigate or eliminate legacy debt that we didn't sign up for. But our politicians assigned us.We can break this cycle by starting fresh. Let people with money pay off debt. People like Warren Buffett who is loathe at the mere mention of Bitcoin. Why? Because all the companies he has invested in have trillions of debt on the books. But the debt is denominated and payable in Central Bank currency. If the economy switches to barter or virtual money those debts become not payable. Same goes for debt from our government. People like Bush and Cheney ran up bills to finance illegal wars. Let them and others of the military-industrial complex pay off the government debt.Declare independence from legacy debt. Barter or use virtual currency in whatever form it morphs to.

Bloombergs Billionaires List: Don't Have Time To Count

According to Bloomberg News, the 200 members of its Billionaires List , which collectively have amassed $ 3 trillion in assets, saw that total grow by $7.9 billion yesterday. I'll wager that most of the members didn't know because they were in route to some place for some time for more of the same.

Nervous Warren Buffett is Refreshing

The usually boring bean stacker Warren Buffett was on Charlie Rose's show last night. But he was animated and nervous. He fidgeted in his chair. It was refreshing to see this collector of certificates work up a sweat. He never had to sweat for his billions. He just collected others sweat in the form of equity certificates. How nervous was he? Well he was so nervous that he wrote an article in the op-ed section of the Wall Street Journal asking Congress to tax him and his mega wealthy friends more! Gee he must be nervous. He spoke of the miserable job members of government were doing in closing the huge budget gaps. He opined that a few extra bucks from him and his glutinous pals wouldn't be missed and could help. Not fooling me Warren. He is really worried that his whole stack of stock certificates might become worthless if the U.S. had a financial collapse. And then his whole hollow life would have come to naught by anyones calculations.

Poor Warren. He doesn't know that the real cause of the deficits is the failed philosophy of democracy. He kept on crowing about the power of "printing money"as the ultimate rescue of the United States and its democracy. The man's a bore.

Warren Buffett: Needs Reality Check

Nuclear reactors exploding in Japan because of historic earthquake. Bodies washing up on the shore because of the Tsunami. Japans stock market plunges wiping out $267 billion of value. Riots continue in the mideast with strategic Saudi Arabia now threatened with an overthrow by Islamists who despise America. Libya is raging . China's growth is slowing and also there is an undercurrent of unrest. Greedy U.S. politicians continue to ignore potentially ruinous economic issues.

But Warren Buffett who heads Berkshire Hathaway just signed another deal today. The stock market has doubled in the past two years but Buffett now thinks Lubrizol is worth a 28% premium over Fridays close. He pays $9 billion for the company. Buffetts cash horde is reduced to $29 billion after the purchase. Of course more money from his various companies will eventually build up his liquidity again. Or will it? His main business is insurance. That's where the bulk of the cash is generated. But what about the unexpected, like an earthquake, or riots or an attack by Islamists or disgruntled U.S. citizens? Payout will have to be made and business in general will suffer. Buffett is shaking dice with insurance premium receipts.What could possibly go wrong?

Obama Talks To Gates & Buffett

Today President Obama summoned Bill Gates and Warren Buffett to the Oval Office. Barry wants their input on how the government could be more effective and get the economy going again. Do you think that Bill or Warren would say," It's this way Barry. There are far too many affirmative action employees in government. And that includes you Mr. President. Your mere presence calls into question how serious Americans are in dealing with problems. Let's face it Bar, you ain't got it. And another thing,  stop appointing Jews to every open slot that comes up. It gives the impression that you buy into their 'chosen people'  bullshit or that you are on the take".

Probably wont happen. But wouldn't it be a fun and a breath of fresh air?

Non-News: Billionaires Pact for Charities

Warren Buffett and Bill Gates announced yesterday that their challange to billionaires in America was overwhelmingly successful. The challange was to follow Messrs Buffett and Gates lead and give away their money to charities upon their death. That's supposed to be generosity? The choices are : 1) to let the government tax it away, 2) Gates and Buffett take it with them into the crypt, 3) give it to charity by way of a personal foundation and AVOID ALL TAXATION. The heirs will be paid handsomely to administer the fund. Gee. What a easy descision to make.

Warren Buffett Lied

Yesterday Warren Buffett gave testimony before Congress on his opinion of Berkshire's large Moodys holding. Specifically Congressman Phil Angilides asked Buffett if Moodys was part of the problem for the sub prime meltdown. I.E. Moodys and other ratings firms gave AAA ratings to mortgage backed securities that turned out to be largely worthless. Buffett answered by saying "mass delusion"infected the country along with Moodys . Therefore Moodys wasn't particularly to blame. Well that's false. How many people would loan money to non documented borrowers? Moodys and other ratings firms not only advised loaning the money but gave a AAA rating. I wonder how many loans Buffett has made during his life to un-documented borrowers?It's time for the greedy man to disappear from the scene.

Warren Buffett: Greed Cartoon

Warren Buffett was in Omaha, Nebraska this past weekend reporting to his faithful Berkshire Hathaway shareholders. He rambled for hours. One interesting part of his monologue was his defense of Goldman Sachs behavior leading up to and during the financial meltdown. He said, " Goldman was caught up in the worldwide mania that prevailed throughout the investment world".

But only Goldman has been charged with civil fraud by the S.E.C. And most people don't resort to stealing no matter what mania is prevailing. Of course Buffett has a large stake in Goldman and other financial service companies. So he's no doubt arguing this point based on his positions. All people evolve into caricature. Buffett is no different. His long time quest for money has now made him a cartoon of take-no-prisoners greed.

Citizen Buffett

Orson Welles' character Citizen Kane gives it up with his last word ," Rosebud". It was a reference to his boyhood sled and happier times. The "Rosebud" decal on the sled pointed to the promise of spring in the midst of winters gloom.

Warren Buffett's recent autobiography is titled "Snowball". It refers to the compounding of wealth through the dynamic of buying sound companies and never selling. This is Buffett's version of reflection on happier times now that he's nearer the end of his career. Eh!

Buffett has pledged his fortune to charities. Buffett will use his wealth to help many people who sadly shouldn't have been born. These people now suffer deprivation. They will be helped by a man who spent his whole life accumulating more than he needed.

Bill Gates : Hung Up On Redundant Humans

Bill Gates retires today at age 52. He's one of the wealthiest at app. $52 billion. He plans to spend the rest of his life giving away the money that he spent the first part of his life accumulating. I wonder. When did it occur to him that making money as a goal was not all it was cracked up to be? He's joined in his philanthropic plans by the worlds richest-Warren Buffett. Like Bill, he is giving all his money away and will use Bill's personal foundation as the executor. Presumably Warren has second thoughts about wealth as a goal .But he is somewhat suspect. Because at 78 of years age, he is running up against the "can't take it with you" proverb.

How and where is the Bill and Melinda Gates Foundation going to spend the combined philanthropic fortune? It looks like Bill is headed back to Africa. We all came out of Africa some 50,000 years ago. Bill is a descendant of one of the more adventuresome primates that left Africa. He's going back to help the more "stay at home" Africans that never left the continent.

Malnutrition is the biggest killer in Africa. Bill plans on spending the bulk of the money on feeding the underfed. And then what Bill? It's easier to have children than to feed children. The stay at home Africans never quite grasped that truism. It's ironic. Bill Gates has become fabulously wealthy by replacing hard-working people with software and effectively making them redundant. But now he wants to spend the profit from that enterprise in a de facto breeding program of particularly redundant people who can't feed their own redundant children.

Warren Buffett: Richest Man & Garbage Man

Warren Buffett is the world's richest man according to Forbes. He is estimated to be worth $62 billion. His flagship investment vehicle is Berkshire Hathaway. He has guided Berkshire's investments since the late 1960s. His investment philosophy is simple. Buy well-run disposable branded products that make loyal- repeat- user consumers. Then it's just multiplication of the population that takes over. The premise of the philosophy is at once brilliant and also vulgar.

The investment portfolio of Berkshire feature the likes of Coca-Cola, Anheuser-Buch,Gillette, McDonalds,Dairy Queen, Mars-Sees Candies, Wrigley Chewing Gum, American Express, Wal-Mart, Procter & Gamble etc. The consumer disposables created his wealth but also fostered human obestity and mountains of packaging and manufacturing garbage as a by-product. Most people only talk about the wealth side of the equation. But on a zero sum planet "wealth" has to come from some other thing that is diminished like water, clean environments, etc.

But things are changing. Now and increasingly in the future successful inventors and investors will have a guiding philosophy that first asks the question, " How much garbage will my product produce?" and secondly ask "How much will my product improve what nature offers perfectly?"