im sure by now, most of yall know who Warren Buffet is. he's the owner of Berkshire/Hathaway, one of , if not the largest investment firm in the world. he is consistently ranked in the top 3 of the world's richest men, even tho he lives in an $80,000 house. you gotta love that. well, being as tho my man is worth somewhere around 45 BILLION dollars. thats what he's worth, not his company. old head got chips.
everywhere, you hear all this talk about the downgrading of the nation's credit rating. and a couple of my homies is all worried, like damn, the end cometh! i'm like be cool and let me kick some facts to you.
1st off, the firm Standard and Poor that issued the rating, is a PRIVATE company. that means that their opinion is based on independent data and that company is privy to all of the prejudices of it's owners, McGraw-Hill, the publlishing company. what most dont know is that they also own Jana Partners, which invests in US public equity markets and bonds. a downgrade of the credit rating makes it easier for the hedge fund to buy bonds should it want to, but most hedge funds bet that COMPANIES WILL ACTUALLY FAIL. make no mistake, hedge funds are a TRILLION dollar industry, and growing by 20% over last year. so the company that actually reported to the public that the company called the United States (you didnt know? why do think we have a president and not a king? the shit thatll ring ur bell is if u find out who he's working for) is on its way to failing, is actually takin bets in the backroom THAT IT WILL FAIL. dont hate the player... thats like being at the track knowing what horse will lose, publicly wishing that it wont, while takin bets that it will! this shit is legal, folks...
so in situations like this (shit, most for that matter) i cant fuck wit the news. imma ride wit OG Warren Loc. cause my man knows where the money is. and where it aint. and he knows that Standard and Poor is only one of 3 credit rating agencies for companies the size of the United States. and YOU know, that if u look bad on Equifax, you might look pretty good Experian or Trans Union. they dont even report the same shit all the time. same wit them. theres 2 other agencies that still need to weigh in on the nations credit standing. they can still get financing. Uncle Sam can still get that Cadillac.
whats wild is, the push is to qualify for a bank THAT IS NOT A PART OF THE UNITED STATES. the constitution gives Congress the right to print money for THIS country. after the Great Depression (which was caused by similar financial practices) the 'government' gave that power to a foreign entity, The Federal Reserve, which is as about as much a government agency as Federal Express. there was no such thing as a US citizen until then. because the government in Washington DC was made to be like a board of review, and each state is the issuing power on behalf of the SOVEREIGN (king) of America, THE PEOPLE. but their power was traded in order to recieve welfare during the Great Depression! Jacob got Esau again! after that, you have a United States citizen, and not the sovereign citizen of the state, who was reduced to a WARD of the state. this is why your children can get taken from you, YOU are responsible to pay back this debt, and 'your' car can be TAKEN from you if u fail to pay fines for driving on a road. none of it is YOURS! and all of us have signed those papers at the time of our children's birth which in effect made a contract to place our children in this position. we are the collateral that the United States Corporation uses to guarantee the payback of loans, which gives that corporation the excellent credit rating that so many are so concerned about it. aint that a bitch...
it aint planking. its banking. either way, its face down, ass up.