Warren Buffett’s Berkshire Hathaway now has a large money pile of $ 128 billion after the corporate reported a 14 p.c leap in revenue. That is basically “useless money” as a result of it’s not invested into the financial system, says Max Keiser.
The Keiser Report digs into the difficulty the place the US Federal Reserve is “printing a lot cash so quick” that some don’t even know tips on how to spend it.
“That is the endgame of this wealth inequality,” says Stacy Herbert.
She explains that on the backside there’s a black gap, with “folks working quicker and quicker simply to remain in place and the debt retains on catching up with them.”
In the meantime, on the opposite aspect of the steadiness sheet, “they’re incomes a lot cash that they’ll’t probably spend it.” Berkshire Hathaway can’t spend its cash and is simply sitting there doing nothing, she factors out.
“Warren Buffett is bored,” provides Max Keiser, including that the businessman and others in related positions are doing nothing however ready for everybody else to go bankrupt.
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