Warren Buffett: Master of the Austrian 'Indirect Exchange'
"PRICE is what you PAY. VALUE is what you GET.
- Warren Buffett
Buffet's BIG Problem is enormous CASH flow from previous INDIRECT Exchanges.
He is sitting on $50 billion dollars of constantly DEBASING currency's being printed endlessly,
This is not a way to STORE WEALTH and Value, or CREATE cash flow! Storing wealth in PAPER is a RECIPE for CONFISCATION of your WEALTH!
There is NOTHING SAFE or RISK FREE in Storing wealth in Fiat currency or Sovereign Bombs er BONDS!
Buffet however plays this illusion like a BANJO!
- Will Reprice regardless of the currency in which they are denominated i.e. Green backs to Blue backs,
- Will survive re-denomination and official devaluation,
- Will have customers in the largest economic booms or busts (the indirect exchange: protects wealth, creates opportunity and cash flows during BOTH periods),
- Insurance customers will constantly LOSE in a fiat currency and credit financial system!
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
21 Minutes, 18 Slides
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