It is a long standing prediction of mine (based on my understanding of the wave count and other principles taught by Prechter) that Warren Buffett and other big names of the past 30+ years of inflationary investing will get creamed in the coming deflation. The less than complimentary articles are starting to emerge in force now but this is just the beginning. When Berkshit Scamway shares lost 80-90% of their fake valuation, people will drag Buffett before congress for a dog and pony public shaming. Nobody thinks this will happen today, I have never read anyone else say this yet I am convinced it has a very high probability of happening.
These financial oligarchs are so used to things working in a certain way that they just won't see the deflationary crash until it takes them apart at the seams. People rushing in to buy stuff at a 10% "discount" from the powder puff Ponzi peak is like letting a store triple the price on something and then providing a 10% super, one day only, get-it-while-you-can-'cause-prices-only-go-up sale. In other words, at the start of every crash there are knife droppers and knife catchers. Buffett, Ichan, etc. will be the latter and not the former. They think the fed actually controls things. By the time they figure out that the market is bigger than the fed and can thus assert itself any time it wants to, it will be too late for them. I know these things sound impossible right now which is exactly why I want to capture them on my blog. Not as much for current readers but for future readers who might happen to look back here.
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