Warren Buffett: How We Risk De-Dollarization
Warren Buffett addressed a question about the possibility of the U.S. dollar losing its status as the world's reserve currency due to the Federal Reserve's decision to monetize debt by printing trillions of dollars. While Buffett acknowledged the risk, he pointed out that the U.S. dollar is still the reserve currency and that he sees no other currency replacing it. However, he also warned that it's challenging to know how far the U.S. can go with a fiat currency before it gets out of control. If the U.S. loses control of inflation, it could cause people to lose faith in the currency, which could significantly impact the economy. As American citizens, we should be careful and avoid overdoing it because it's essential to maintain faith in the currency to avoid drastic changes in the economy.
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