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View Full Version : Buffett says US Dollar Not the Best to own right now.




lx43
10-24-2007, 08:07 PM
http://www.cnbc.com/id/21435354?__source=RSS*blog*&par=RSS


The worlds greatest investor must agree with RP that the dollar will continually to weaken. Atleast thats my take from his comment.

lol We should get a Buffett and Paul press conference al a the educating Rudy press conference to explain how the fed weakens the dollars.

Jordan
10-24-2007, 08:10 PM
Buffett should endorse RP for prez but he wont. Buffett really likes social programs.

lx43
10-24-2007, 08:12 PM
yeah I know it would be awesome if he did. What confuses me is his father was a congressman with a libertarian lean.

Dartan
10-24-2007, 08:16 PM
wow, good thing I don't have any.

Cyclone177
10-24-2007, 08:19 PM
Yes and he gave the maximum to both Hillary and Obama. And his charities support Planned Parenthood and other nefarious orgs. I live in Omaha and used to like Buffett. But not anymore. He is a genius though.

OptionsTrader
10-24-2007, 08:22 PM
http://www.cnbc.com/id/21435354?__source=RSS*blog*&par=RSS


The worlds greatest investor must agree with RP that the dollar will continually to weaken. Atleast thats my take from his comment.

lol We should get a Buffett and Paul press conference al a the educating Rudy press conference to explain how the fed weakens the dollars.

Not that I disagree in this case, i don't, but Buffett has made some incredibly bad Forex trades. He is much better at equity investments.

lx43
10-24-2007, 08:23 PM
You could always go to his house and hand him a slim jim. ;)

Jordan
10-24-2007, 08:24 PM
Not that I disagree in this case, i don't, but Buffett has made some incredibly bad Forex trades. He is much better at equity investments.

I dont know, his positions antidollar are paying off huge. He hit the silver maket right on the nail as well.

But you're right, his equity positions return far more than his FX positions. I really think he only takes those positions because his company has too much liquid.

Proemio
10-24-2007, 08:29 PM
Buffett should endorse RP for prez but he wont. Buffett really likes social programs.

LOL. A flunky of the biggest shareholder of the Federal Reserve (Corporation) endorsing Dr. Paul - that would be funny...

OptionsTrader
10-24-2007, 08:31 PM
I dont know, his positions antidollar are paying off huge. He hit the silver maket right on the nail as well.

But you're right, his equity positions return far more than his FX positions. I really think he only takes those positions because his company has too much liquid.

Historically he has a relatively bad forex record is all I am saying, relative to BRK's stock investments. In 2005 he lost ~ $1 B on a short bet on the USD. BRK makes great calls on buying up undervalued companies, that's always been his strong suit is all I am saying.

Richandler
10-24-2007, 08:50 PM
The crazy thing is that if the Democrats get into office the Dollar will more than likely fall apart completely. Not one of the their candidates has a clue about the economy and they all have proposed nothing to change the dollars value.

Lord Xar
10-24-2007, 08:52 PM
Buffett should endorse RP for prez but he wont. Buffett really likes social programs.

of course he does, he already has his billions.. I love how everyone is so charitable with everone else's money... plus, the very nature of his wealth is "non-socialist" -- so he is contradictory.

RP4ME
10-24-2007, 09:03 PM
LOL. A flunky of the biggest shareholder of the Federal Reserve (Corporation) endorsing Dr. Paul - that would be funny...

how do you know he owns a piece of the Fed? The dont disclose ownership?

RP4ME
10-24-2007, 09:06 PM
Can soemone explain to me why Buffet says that while they dollar will lose value next five years or more to the loonie and worldwide that somehow the economy will be okay......It makes no sense - with inflation people wont be able to buy as much Furniture form his chains.....it doesnt add up unless HE is a pawn. We are not gonan be bale to export enough to keep up with thsi decline....Any ideas on where he is coming form?

Eli
10-24-2007, 09:07 PM
warren buffet is my hero. He is the single biggest inspiration in the world.

born2drv
10-24-2007, 09:37 PM
he's actually been saying this for a long time.... he stopped investing heavily in american companies and has been focusing on eastern europe and asia for the past 3-4 years. he made a similar statement about the dollar around that time when he started shifting his portfolio in that direction.

Proemio
10-25-2007, 08:20 AM
how do you know he owns a piece of the Fed? The dont disclose ownership?

Where do I say that Buffet owns a piece of the Fed? He is a flunky of one of the founding shareholders. There is a wonderful photograph of Buffet introducing Schwartzenegger to Rothschild on his estate in England.

As to the ownership of the Fed itself; there are now tons of somewhat contradictory stacks of information around. You'd have to apply your own judgement as to what is fact and was is obfuscation.

There is also this:
http: //www.financialsense.com/fsu/editorials/steer/2004/1014.html
There is no better expert on this ‘banking cartel’ than G. Edward Griffin, the author of “The Creature From Jekyll Island: A Second Look at the Federal Reserve”. Congressman Ron Paul from the great state of Texas, and a member of the House Banking Committee, had this to say about Griffin’s book… "A superb analysis deserving serious attention by all Americans. Be prepared for one heck of a journey through time and mind."

Dr. Paul certainly knows what's up; maybe his supporters should as well. The supra-national Central Banking Cartel/scam is arguably the biggest factor in most of the ills befalling not just the U.S., but the entire planet. Understanding the basics also puts in perspective, just how earth-shatteringly huge and important this campaign and it's consequences are. It's also why we can't possibly hope to win over the MSM, but we can certainly make their existence miserable and slowly irrelevant - and win...