Friday, September 24, 2010

Warren Buffet is NOW saying "We are Still in a Recession"! On Sept 13th (11 days ago) Said NO Double Dip Recession - Everything Looks Great! So NOW in 11 days, He changed his mind?!

Okay, let me get this straight..... On Sept 13th 2010, Warren Buffet came out and made a Big announcement.
"NO Double Dip Recession for the U.S., We are all Growth from here and I am a Bull on the stock market"!

His exact quote:
"I am a huge bull on this country," Buffett, Berkshire's chief executive officer, said today in remarks to the Montana Economic Development Summit. "We will not have a double-dip recession at all. I see our businesses coming back almost across the board." "I've seen sentiment turn sour in the last three months or so, generally in the media," Buffett said. "I don't see that in our businesses. I see we're employing more people than a month ago, two months ago." "It's night and day from a year, year and a half ago," Buffett said. "I know Wells Fargo, they would love to have $50 billion more of loans now. Go in and talk to the banker."

Yesterday, Warren Buffet has come out to say "Oppss, We are Still in a Recession", to CNBC.

Buffett was responding to a question from question about the National Bureau of Economic Research's determination earlier this week that the recession 'officially' ended in June, 2009.

We're still in a recession.   And, and we're not gonna be out of it for awhile, but we will get out of it.

People need to stop following those who are at the top of the ladder, Buffet will say whatever he needs to, to either get out of equities he knows will be going down, before everyone else.  Why is it, in 10 days time, he has changed his mind about the recession?  10 days ago, we had supposedly been out of the Recession since June 2009 - Now he says we have still been in one and it will be awhile until we are out.

Lets all be honest here.  The Real fact is, we are going into a depression.  Those are the facts.  

Question.... Have you looked at what Gold and Silver have been doing the last few days, despite those in power trying to stop it?  Protect yourselves and get into Gold and Silver - that is where your wealth will be protected and the value of your money (which is dropping fast everyday) will be as it is today.

Silver today is the highest since 1980, Gold is the highest in history.  

I will say over and over - Do NOT buy GLD or SLV - those funds are strictly Paper - the physical does not match the amount of money into the funds - it is a leverage of 100 to 1 of paper versus physical.
 

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