Is History About To Repeat Itself?

Warren Buffet has always played it safe with his investments. He recently said the reason he was selling off so much stock is because it had become highly overvalued. He doesn't consider overvalued stock to be a solid long-term investment which is what he prefers. I would very much like to know what his next major stock investment is!

History will always repeat itself until a new economic system is made.

Today's economy is built on an ever expanding economy. That is unrealistic in the long run. Fewer and fewer on the top are making more and more and more!

I made a post once how the top 10% made more than the bottom 90% combined about six years ago.

Now they are saying that LESS than the top 1% are making more than the bottom 99% combined.

That is a unrealistic type of economy! It just can not be sustainable.

You push bigger corporations to only be bigger and bigger. So they pass down percentage wise less and less!

Where we once only needed one person working only one job for a large number of kids, we need two or more people working multiple jobs with no kids!

Guess what is happening now?
They are having multiple seniors living with a single parent with a kid as apart of assisted living! Multiple incomes to support a single kid.

It's no longer sustainable!

Too much political instability in the US to put $$ in US companies. Every day seems to bring a new threat by Democrats against capitalism in general and corporation profits. Too many promises of new government spending by Democrats if they win in November.

Warren buffet is going to cause the crash🍿

The big question IS, what does he need cash for that can't be transferred digitally to another investment? Take Sisi in Egypt. He withdrew millions from an Egyptian bank to launder the money to America. Not that Buffett is laundering money, it just makes no sense to convert to cash when there are other solid investments in the markets.

Go look though my post. Say like 6 or 8 months back.

I said they were going to make another great depression after the election and the banks were going to close.

The economy is going to look great, then slam nasty hits us.

He's probably just rebalancing Berkshire Hathaway. Nothing to worry about.

Yep! October of 1929. They keep saying we are. We definitely need the Democrats out of office.