+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.
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.
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?
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.
love u buffet in uk we can print our own money
ukipwarrior 2 weeks ago
I heard Buffett is a eugenicist.
whyyesyes 1 month ago
@StarsManny You are a smart man.
TheSolidsnake2001 1 month ago
@librazone Dummy like you are in your gene, no drug can cure you, Fed currency policy = US currency policy
TheSolidsnake2001 1 month ago
@siemvandenberg Dummy like you are in your gene, no drug can cure you.
TheSolidsnake2001 1 month ago
+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.
TankEnMate 2 months ago
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.
ExquisiteDoom 2 months ago 2
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?
siemvandenberg 2 months ago
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.
litesp33d 2 months ago
America doesnt print its own money mister Buffett...the federal reserve does and the fed is a power unto itself.
librazone 2 months ago