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The Jimmy Dore Show
How Did Warren Buffett Know Stocks Would Crash?!? w/ Prof. Richard Wolff
Aug 7, 2024
Prof. Richard Wolff, an acclaimed Economics Professor, joins the discussion on the recent stock market crash and Warren Buffett's prescient sell-off of Apple stocks. Wolff explains how elite investor behavior often triggers economic downturns, suggesting such crashes are a cyclical feature of capitalism. He critiques the Federal Reserve's policies that exacerbate unemployment and inequalities. The conversation also touches on misinformation in media, highlighting how narratives impact public trust and the need for critical analysis of political discourse.
01:00:55
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Quick takeaways
- Warren Buffett's strategic unloading of Apple stock prior to the market crash illustrates the foresight some investors exhibit regarding economic instability.
- The cyclical nature of capitalist economies reveals that stock market crashes are expected every 4-7 years, emphasizing systemic vulnerabilities inherent in capitalism.
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Unleaded 88: An Eco-Friendly Fuel Choice
Unleaded 88 is promoted as a cost-effective and environmentally friendly fuel option, particularly beneficial for consumers looking for greener solutions. This fuel is derived from corn grown by Iowa farmers, highlighting its local agricultural roots and support for regional economies. The promotion underscores its affordability compared to traditional fuels, which can offer budget-conscious drivers a practical alternative. Additionally, the push for cleaner fuel sources aligns with broader environmental goals, making it a noteworthy option for eco-conscious consumers.
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Discover
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