Dishonesty

http://www.bloomberg.com/news/2013-09-20/buffett-says-federal-reserve-is-greatest-hedge-fund-in-history.html

Good comments from the readers.... this comment sums it up nicely:

"Buffet is a cunningly dishonest man. He is conveniently not telling us, 1. The purchases of those bonds were paid for by the people's money being debased and worth less against our will. 2. As interest rates rise, which they already have begun to do, those profits will turn into losses. I would bet that happens by the end of the year. Of course the Fed does not care, because as Buffet says, the Fed has no need to deleverage, it can force us to pay as much as it needs to bail out the banks because we have choice but to use it's (sic) debt as our money. This is freedom?"