{"id":238241,"date":"2021-07-08T06:21:15","date_gmt":"2021-07-08T06:21:15","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=238241"},"modified":"2021-07-09T11:03:53","modified_gmt":"2021-07-09T11:03:53","slug":"warren-buffett-predicts-another-pandemic-worse-than-covid-19-says-we-are-not-prepared","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=238241","title":{"rendered":"Warren Buffett Predicts Another Pandemic Worse Than COVID-19, Says ‘We Are Not Prepared’"},"content":{"rendered":"

Bhavya Sukheja \u2013 RepublicWorld.com July 4, 2021<\/strong><\/h1>\n

American billionaire Warren Buffett recently said that he believes that another pandemic was on the horizon, which could be worse than that of COVID-19. In an interview with CNBC\u2019s Buffett & Munger: A Wealth of Wisdom\u2019 show, the CEO of Berkshire Hathaway said that even though these situations are manageable, the world as a whole is not prepared for mass-scale prevention. He was quoted as saying, \u201cthere will be another pandemic. We know that there is a nuclear, chemical, biological and now cyber threat. Each of them has dire possibilities\u2026It doesn\u2019t seem like it\u2019s something that society is fully prepared to deal with\u201d.<\/p>\n

Buffett, who ranks ninth in the Forbes billionaire ranking, further went on to say that the main lesson coronavirus has taught him is that the world is not prepared to deal with emergency situations. He said that society has a hard time preparing for remote situations, which are bound to happen sooner or later. He also voiced his views on the uneven impact of the pandemic and the lockdown on businesses as smaller businesses took the brunt of the blow.<\/p>\n

The billionaire affirmed that the economic consequences of COVID-19 are falling disproportionately. He noted that many hundreds of thousands or millions of small businesses have been hurt terribly. Buffett said that the economic impact has been this \u201cextremely uneven\u201d and added that most of the big companies have \u201coverwhelmingly done fine\u201d. He noted that the pandemic “is not over,” but that most companies are doing well.<\/p>\n

Buffett’s financial uncertainty\u00a0<\/strong><\/h3>\n

Further, Buffett referred to the automotive companies and said that the virus was “a fabulous success that they did not anticipate”. He recalled that the sector has registered record profits thanks to the reopening and reduction in supply derived from chip storage. It is worth noting that according to a report by CNBC, with the shutdown of factories and global shortages of semiconductors, the automakers and dealers saw a tremendous surge.<\/p>\n

Continues \u2026<\/a><\/p>\n

Commentary \u2013 July 7, 2021<\/strong><\/h1>\n

First of all we should be asking exactly how Buffett knows that there will be another pandemic? After all he is not a medical expert so whence his certainty that another pandemic is on the horizon?<\/p>\n

We can only assume that being immensely rich gives him access to insider info on what is planned.<\/p>\n

His immense wealth also means that he will weather the coming financial storms. Unlike \u201cthe millions of small businesses\u201d that will likely go under. For as Buffett himself acknowledges, the economic impact of the pandemic has been \u201cextremely uneven\u201d. While big corporations and billionaires like himself and Bill Gates have prospered, many smaller businesses have gone under with countless job losses.<\/p>\n

Is that indeed the objective behind the pandemic? Has Covid-19 actually been planned with economic goals in view, because it has resulted in a massive redistribution of wealth, with the rich getting richer and the poor growing poorer?<\/p>\n

What\u2019s more, in view of Buffett\u2019s prediction we suspect that this process will continue. Why else would he imply that there are more dire threats down the line? If we are scheduled to face more major challenges like Covid-19 then the coming years could see a growing and dramatic disparity between the rich and the poor.<\/p>\n

Nor will this disparity in wealth be limited to rich countries versus poorer countries. It is likely to happen globally. With much of the formally prosperous West being reduced to penury as smaller businesses close and jobs are lost. So that eventually we will be left with a few giant corporations that will monopolise the market and control the distribution of food and essential services globally.<\/p>\n

This will inevitably lead to humanity being divided, between a fantastically rich multi-national elite, who will own such mega-corporations, and the rest of humanity who will be reduced to living at subsistence level.<\/p>\n

That, I suspect, is the plan. Whether it will work out as Buffett and his wealthy friends envisage is another matter entirely though.<\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire Warren Buffett believes more pandemics like Covid-19, or worse, are heading our way<\/p>\n","protected":false},"author":39262,"featured_media":42340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[105,26,50],"tags":[],"class_list":["post-238241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coronavirus","category-Predictions_from_the_past_or_for_the_future","category-The_Oligarchs"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/238241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=238241"}],"version-history":[{"count":5,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/238241\/revisions"}],"predecessor-version":[{"id":238254,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/238241\/revisions\/238254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/42340"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=238241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=238241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=238241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}