by: Brent Smith
Bernie Sanders has a mini-commercial on YouTube where he says elections have been hijacked by billionaires. Of course he’s talking about Trump.
Bernie has been quoted saying he doesn’t think billionaires should even exist. At least all but one – George Soros.
I discuss Bernie and George and other leftist billionaires who fund everything – including Bernie.
LA County School District is teaming up with Planned Parenthood to install 50 abortion centers in their high schools.
Oh they’re not calling them abortion clinics and say they won’t provide that service. Not right away anyway.
I discuss what their plan actually is, because it’s the same as every other leftist program. Start small and then grow it after it’s firmly in place and entrenched. read more
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained
of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing
habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire
Hathaway also sold its entire stake in California-based computer parts supplier Intel.
With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.
Unfortunately Buffett isn’t alone.
Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year,
Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.
Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.
So why are these billionaires dumping their shares of U.S. companies? Continue Reading