Warren Buffet: US has high deficit and dollar will be devalued overtime due to policies MAR-01-2010

Warren Buffet interviewed by CNBC's Becky Quick on currencies and investment.

Warren states that the best invest is in yourself, your talent, and skills. Second is to own a good business that will stand the test of time, such as Pepsi, Coke. The currency collapse of the US Dollar will not affect the true value of these companies.

He continues on by saying that all government issued fiat currency is losing value including the Euro and the Dollar. He states that this is due to poor government policies. (what he really means is to invest in precious metals [gold,silver] these are things that government cannot print indefinitely)

Summary:
1) Invest in yourself
2) Invest in stocks/equities
3) Buy good businesses
4) Do NOT own cash, instead invest in gold/silver

Category:

Education

Tags:

• Warren
• Buffett
• CNBC
• debt
• deficit
• inflation

[browneyes4]

Keep on re-electing them America ... you deserve the screwing your getting!

[152czar]

So to paraphrase buffet, the inflation tax transfers wealth from those who do not own businesses to those who do.

[anthonyinsc]

*** NEWS FLASH *** BUY ((( KV-A ))) Under $5.00 a share...and could hit as high as $20.00-$25.00 a share so if you can buy for under I would say $12.32-$13.27a share then BUY BUY BUY!!!

Dont take my word for it, do some reasearch on KV-A then BUY BUY BUY now and make huge tons of MONEY!!! Was only at around $1.50 last week, check it out now and KV-A is climbing!!! has great daily volume!!! KV-A, remember it!!!

[v44forme1]

ego, greed divide and do not include, and are evil. Just like capitalism/communism (rich & poor) which power is in the hands of the few, with inequality in status as a accepted norm. Intelligence includes all, and is good, just like Freedom, The Bill Of Rights, which are a socialistic idea that the capitalists/communists don't want people to have.

Restore the REPUBLIC

VOTE INDEPENDENT

[PabZ2K]

@v44forme1 Help your fucking self! Dumbass! Don't rely on anyone else!

[goldcurrent1]

Insider trader.

[v44forme1]

Waren have you ever see the real poverty in America? This thought that America needs cheap products from China or elsewhere, is just endless streams of money to your investments. Where is  that loyality to the people from your nation. Shame on you, for not doing eveything you can to help our nations people. We don't need billionaires, or millionaires worth over $40 million.

Read FDR's Fireside Chats, Bill Of Rights

[ITHEREONETHATHASNT]

@JackBassbusinessteam Depends on your outlook though. I see people jumping into gold with 30 percent of their portfolio and looking long term in the mid nineties people loss money by holding too much gold for to long. Interest rates cannot remain where they are. I would by and hold for twelve to eighteen months and then get the hell out unless it is your precious medals portion of your portfolio. But I certainly agree it will get around 1350-1400 this year.

.

[JackBassbusinessteam]

@JackBassbusinessteam 

[JackBassbusinessteam]

The ever weaked dollar is U.S. policy - adjust your portfolio to account for Obama-nomics . I have my own fearless forecast video at ackbassteam and

the Richardson/ Bass Quant sees gold still higher to $1400 this year.