Warren Buffett went on the record on Friday to refuse social media posts after President Donald Trump shared about Truth Social A Fan Video who claimed that the President is deliberately refueling the stock market with the approval of the legendary investor.
On Friday, Trump shared a bizarre video of social media that defends his recent policy decisions by claiming that he deliberately portrays the market as a strategic game to force lower interest rates and mortgage interest.
“Trump crashes the stock market with 20%this month, but he does it on purpose,” the video, which,, that, Trump posted Social report on his truth.
The narrator of the video then wrongly says: “And this is why Warren Buffett just said:” Trump makes the best economic movements he has seen in more than 50 years. “”
The president shared a link to one X From the account @Americapabear, a self -described “Trumper to the end.” The X-post itself seems to be a repost of a week old Tiktok -Dideo from user @wnnsa11. The video is shared more than 2000 times on the truth of Truth Social and almost 10,000 times on X.
Buffett, 94, has not selected specific posts, but its conglomerate Berkshire Hathaway Up to the right rejected all the comments made by him.
“There are reports that are currently circulating on social media (including Twitter, Facebook and Tik Tok) about comments that were reportedly made by Warren E. Buffett. All such reports are false,” the company said on Friday in a statement.
Becky Quick from CNBC spoke with Buffett on Friday about this statement and he said he wanted to down the wrong information in an era in which false rumors can be blasted immediately. Buffett told Quick that he will not comment on the markets, the economy or rates between now and the annual meeting of Berkshire on 3 May.
‘A tax on goods’
Although Buffett did not talk about the imposition of this week of major rates of the Trump administration, his view of such things has almost always been negative. Only in March did the Berkshire CEO and chairman rates ‘an act of war, to a certain extent’.
“Over time they are a tax on goods. I mean, the tooth fairy does not pay them!” Buffett said in the news interview with a smile. And what then? You must always ask that question in the economy. You always say: ‘And what then? “”
During Trump’s first term, Buffett was extensively in 2018 and 2019 on the outbreaks of the trade conflicts, which warned that the aggressive movements of the Republican could cause negative consequences worldwide.
“If we actually have a trade war, it will be bad for the whole world … Everything crosses the world,” said Buffett in a CNBC interview in 2019. “A world that adapts to something that will live very close to free trade … More people will live better than in a world with considerable rates and shifting rates in the course of time.”
Buffett has been in a defensive mode in the past year, because he quickly dumped shares and increased a record amount of more than $ 300 billion. His conglomerate has a large American focus and has large companies in insurance, railways, production, energy and retail.