Warren Buffett on European Sovereign Debt Crisis

[europeanideas]

Professor Anastasakis (University of Oxford) explaining the Causes, Consequences and Solutions to the Greek Crisis. Check it out on the European Ideas channel!

[ukipwarrior]

love u buffet in uk we can print our own money

[whyyesyes]

I heard Buffett is a eugenicist.

[TankEnMate]

+siemvandenberg the US _does_ control the ability to print the US dollar; the effect of this means that if anyone buys US Government bonds and the Government runs out of money it can direct the US Treasury to print more money and then give that money to the holders of those bonds. This devalues the US dollar, but on the other hand the US Government avoids going into default.

If you weren't aware Warren Buffet is almost certainly his generation's most astute value investor.

[ExquisiteDoom]

Wow, some of the comments here are irritatingly wrong. THE FED IS NOT A PRIVATE ENTERPRISE, READ THE FEDERAL RESERVE ACT OF 1913! The shareholders cannot buy or sell shares, a board of governors (which is what some government enterprise use as model, NO private enterprises use this model) manages the bank. Quit parroting what you hear, the fed is AS public as it can be and is extremely responsive to political pressures as governors are chosen by your elected officials. Jesus christ, people.

[siemvandenberg]

okay this guy says "they gave up the right to print their own money, hope the US never does that".. Uhm.. how about the dollar? And I hear a lot of mistakes this interview. Is he on crack in this clip?

[TheSolidsnake2001]

@siemvandenberg Dummy like you are in your gene, no drug can cure you.

[litesp33d]

The federal reserve has a name that makes it sound like it is a Govt. organisation whereas it is private company. If Warren does not know the answer then who does? However much of this current crisis can be laid firmly at the door of the USA with it allowing NINJA loans to be created which were then allowed to be sold to Europe and the rest of the world as blue-chip securities. Which does mean you cannot now trust anything a US banker tells you without double checking.

[librazone]

America doesnt print its own money mister Buffett...the federal reserve does and the fed is a power unto itself.

[TheSolidsnake2001]

@librazone Dummy like you are in your gene, no drug can cure you, Fed currency policy = US currency policy

[Marlin0865]

Tax payer bail out Goldsach's , which Warren Buffett owns.

[whatisstockexchange]

thanks

[TABOOVSKNOWLEDGE]

The USA has had the ability to print it's own money since 1913 an he knows that!

[StarsManny]

Warren Buffet here shows one of the the hallmarks of a great mind: when asked a major question that is in his field of expertise he is willing to say "I don't know the answer to that."

Too many "experts" on youtube seem to have the answer to everything and just babble on. But having the confidence to say "I don't know" is probably far nearer to reality for everyone and shows the speaker is much more credible.

Good for you Warren!

[TheSolidsnake2001]

@StarsManny You are a smart man.

[MrRyuzaki91]

well said, no need to worry europe.. if they sink, they sink..