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Doomsday Capitalism 2011: Warning, Buffett’s Billionaire Buddies Already Fighting (& Winning) a Self-Destructive “Class War” Against All Americans! Watch the Next Revolution in 22 Tweets!

Yes, I call it the “Doomsday Capitalism” revolution. And I’m betting you’ll be able to track it on Twitter. In fact, I’ve got 22 rapid-fire Tweets in four acts, all ready when the flashpoint ignites. Deals below. We’ll fire them off in milliseconds, like secret offers from a quant’s high-frequency trading algorithms.

Warning: For Buffett this revolution began years ago: “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” Yes, that is exactly what Buffett told Ben Stein a few years ago in a New York Times interview.

Get it? This new preemptive war is already in progress, and America’s billionaires are the aggressors: Buffett’s billionaire buddies on the Forbes lists, his Wall Street banker buddies, his exporter buddies in China, all of Buffett’s buddies in this “rich class” are already engaged in a hostile takeover war against the American middle class, against the working class and the poor, against all Americans not on the Forbes lists of billionaires. And yes, they’re already winning big, as you can see in their latest war strategies to “buy” the midterm elections and further concentrate their power at the top.

But they’re doomed to implode. We warned of the dotcom crash in early 2000. Warned of a subprime credit meltdown for four years before 2008. Now we’re warning that a “Doomsday Capitalism” revolution is near ignition. Buffett’s aggressive “rich class” is overplaying their power grab, and … well, listen, here’s how I imagine this revolution unfolding as a series of rapid-fire Tweets, as citizen-warriors pass along this collection of earlier warnings to reenergize and drive the rest of America to rebel against Buffett’s “rich class,” Tweets that will trigger an anti-capitalists revolution.

Warning to all investors, prepare now: Play defense. Expect an economic upheaval rivaling the 1929 crash, creating a climate for true reform that will make the 1930s look like a real tea party. Stretch your imagination: See these earlier warnings as edited Tweets traveling across America in milliseconds, a rebellion energizing 300 million Americans to rise up, counterattack, overwhelm and defeat Buffett’s “rich class” buddies. Here’s how we see America’s emerging new ideology unfolding rapidly, a tense drama in four acts:

Act 1. Huge “Wealth Gap” is Fueling “Class Warfare”

Robert Reich, former Labor Secretary, Aftershock
“The last time in American history when wealth was so highly concentrated at the top … was in 1928, just before the Great Depression. … The economic game is rigged—that no matter how hard we try we cannot get ahead because those with great wealth and power will block our way.”

Robert Frank, New York Times
“During the last three decades … all significant income growth has been concentrated at the top of the scale. The share of total income going to the top 1% of earners, which stood at 8.9% in 1976, rose to 23.5% by 2007, but during the same period, the average inflation-adjusted hourly wage declined by more than 7%.”

Kevin Phillips, Bad Money
“Deceptive statistics … that the U.S. economy is stronger, fairer, more productive, more dominant, and richer with opportunity than it really is. … Growth since the recession of 2001 has been mediocre, despite a surge in wealth and incomes of the superrich.”

Robert Samuelson, Newsweek
“Americans are progress junkies. We think that today should be better than yesterday and that tomorrow should be better than today … We may now be on the cusp of a new era … Americans do not have a divine right to rapid economic growth

Frank Rich, New York Times
“What disturbs Americans … is the fear that almost everything … is fixed … in hock to the interests of powerful lobbyists and the wealthiest few who run Washington.”

Act II. The Coming “Third Meltdown” Ignites Deadly Anti-Capitalism

Simon Johnson, 13 Bankers … Next Financial Meltdown
“A crazy ‘doomsday cycle’ infiltrated our economic system … in 2008-09, we came remarkably close to another Great Depression. Next time, we may not be so lucky.”

Reinhart & Rogoff, This Time is Different
“Excessive debt accumulation … poses greater systemic risks … We merrily rolling along for an extended period, when bang, confidence collapses, lenders disappear, a crisis hits.”

Robert Shiller, on the “Third Meltdown”
“We recently lived through two epidemics of excessive financial optimism, we are close to a third episode … another meltdown … another depression.”

Jeremy Grantham, Chairman of GMO
“Several dozen people saw this crisis coming for years. It seemed so inevitable and so merciless. Yet the bosses of Merrill Lynch and Citi, even Paulson and Bernanke, none saw it coming, which guarantees that every time we get an outlying event they will always miss it.”

Naomi Klein, Shock Doctrine: Rise of Disaster Capitalism
“Free-market ideology will come roaring back when the bailouts are done, and the massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis.”

Act III. America’s Worst Case Scenario: Total Collapse

Niall Ferguson, The Rise & Fall of the American Empire
“What if history is capable of accelerating suddenly, like a sports car? What if collapse does not arrive over centuries but comes suddenly, like a thief in the night?”

Marc Faber, economist, GloomBoomDoom.com
“The future will be a total disaster, with a collapse of our capitalistic system as we know it today. … arrogant … corrupt … overspends … costly wars … inequity … decline.”

Kevin Phillips, Wealth & Democracy
“Most great nations, at the peak of their economic power, become arrogant, wage great world wars at great cost, wasting vast resources, taking on huge debt … burning … out.”

Barton Biggs, Wealth, War & Wisdom
“Investors must assume the possibility of a breakdown of the civilized infrastructure. Your safe haven must be self-sufficient … Think Swiss Family Robinson.”

Jared Diamond, Collapse: How Societies Choose to Fail/Succeed
“Many civilizations share a sharp curve of decline. Indeed, a society’s demise may begin only a decade or two after it reaches its peak population, wealth and power.”

Act IV. Wall Street Killing Reform, Ignites Revolution

Nassim Nicholas Taleb, The Black Swan
“This crisis cannot be fixed with makeshift repairs, no more than a boat with a rotten hull can be fixed with ad-hoc patches. We need to rebuild the hull …by helping what needs to be broken break on its own.”

Suzanne McGee, Chasing Goldman Sachs
“The ‘Masters of the Universe’ melted Wall Street down … and they will take us to the brink again … They cannot help themselves.”

Michael Lewis, The Big Short … Doomsday Machine
“A machine got built to enrich people for taking really stupid financial risks … too complicated … for the risks … the machine ended up being fooled by its own deceit.”

Stephen Gandel, Case Against Goldman Sachs
“With a trader … if running the economy off the cliff makes you money, you will do it, and you will do it every day of every week.”

Alan Greenspan, Congressional Testimony
“Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity … are in a state of shocked disbelief. The model held sway for decades then the whole intellectual edifice collapsed.”

Thomas Hoenig, Fed Governor
“Wall Street wants zero rates … They are earning a guaranteed return on free money from the Fed by lending it back to the government through securities purchases.”

Thomas Frank, The Wrecking Crew
“Conservatism is not just a political movement. It’s not just an ideology. It’s also a way of getting ahead in the world. It’s a way of making a lot of money.”

Warning, the coming “Doomsday Capitalism” Revolution is much closer than most investors can imagine. So look again through the sharp lens of financial historian Niall Ferguson warning: “What if history is capable of accelerating suddenly, like a sports car? What if collapse does not arrive over centuries but comes suddenly, like a thief in the night?” What if? Are you shorting your family’s retirement? Will you be prepared?


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