How Did Warren Buffett Know Stocks Would Crash?!? w/ Prof. Richard Wolff
The Jimmy Dore Show
Jimmy Dore
4.4 • 4K Ratings
🗓️ 7 August 2024
⏱️ 61 minutes
🧾️ Download transcript
Summary
On Monday the Dow Jones Industrial Average and NASDAQ both nosedived, recording substantial losses totaling trillions of dollars. Other economic indicators remain poor as well, and despite what alleged efforts the Fed may take, the signs of a coming recession are impossible to ignore. One individual who anticipated the crash was billionaire investor Warren Buffett, who unloaded a substantial amount of his Apple stock holdings just before the crash.
Jimmy talks to Economics Professor Richard Wolff about how investors like Buffett help drive crashes, and why crashes like this are typical for a capitalist system and should be expected to happen every 4-7 years.
Plus segments on Tulsi Gabbard calling out MSNBC for spreading fake news about Joe Rogan and Kamala Harris, Elon Musk getting “community noted” for the misinformation he spread about Venezuela and who the key players behind the recent Trump assassination attempt may be.
Also featuring Kurt Metzger, Ian Carroll, Mike MacRae and Stef Zamorano. Plus a phone call from Jeff Bridges!
Transcript
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| 0:00.0 | Hey, come see us on tour. |
| 0:04.2 | We'll be in Chicago, Grand Rapids, Michigan, Duluth, Georgia, right outside of Atlanta, |
| 0:08.9 | Jacksonville, Florida, Tempe, Arizona, and Burbank, California. |
| 0:12.4 | Go to Jimmy Door.com for a link for those tickets. |
| 0:15.0 | Hey, it's Jimmy. |
| 0:15.7 | Who's this? |
| 0:16.9 | Hey, it's Jeff Bridges, man. |
| 0:19.0 | Ah, Jeff, so good to hear you. How are you doing? |
| 0:23.5 | Good to hear from you, man, and I'm doing pretty well. |
| 0:28.9 | And, you know, this isn't the only live stream I've called into this week, by the way. |
| 0:34.3 | Oh, yeah? Who else did you call? |
| 0:36.9 | White dudes for Kamala. Oh, my God. Oh, yeah. Who else did you call? White dudes for Kamala. |
| 0:39.0 | Oh, my God. |
| 0:40.5 | Yeah, and I qualify, man. |
| 0:43.3 | I qualify. |
| 0:44.5 | Yeah. |
| 0:45.5 | I'm a member of the K-Hive, as they call it. |
| 0:49.8 | But yeah, we raised about $4 million, |
| 0:53.0 | me and a few other guys. |
| 0:56.0 | Other guys? |
| 0:57.8 | Other white dudes. |
| 1:00.4 | And, man, I was in good company. |
... |
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