Warren Buffett: There's no option for any reserve currency other than the U.S. dollar

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[agrajyadav]

Then - Bri'ish : The sun never sets on the bri'ish empayaa
Now - America : We are the sole superpower and there is no other option

[benhael]

All I heard him say was "yeah kid you guys are in for some deep s**** and I dont have any answers for you on how to get out of it."

[tschoong]

It looks that each year the American public listens to the old man's ideas and every time it is more of the same. But times have changed and the world will be shifting from the old used model that we currently have to a multipolar one where America will be only one of many instead of being at the centre.

[eyeofthepyramid]

When you a 3rd world country realize that some country prints money and give it us saying that they are supreme. We will definitely give a punch.

[johnsmith-iqlz]

He was rambling the whole time. That did not sound comforting.
I was not worried about the loss of the reserve currency until I just heard this. He did not sound confident at all.

[eric_andrews]

Losing reserve currency status is typically the last thing that happens in a declining empire, not the first. Usually economic competitiveness, military power, education, financial market centers, monetization of the debt, and other factors need to decline significantly before the reserve currency status is lost. Similar to the dutch or British empires. We are on our way there, but probably a ways to go, America is still very competitive in some of the important categories.

[amenrufael]

How can you get right right answer from a man who holds billions of dollars. No one will underestimate what he have a lot of it publicly.

[financialintelligencecreations]

“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.

Good luck to everyone in the coming years….

[Larkinchance]

Key phrase, Buffet says cryptically "Berkshire is better prepared than most." but he does not elaborate...
He totally evades the young girl's intelligent question.

[jimjackson]

Compound interest versus the American govt. Who will win? I’m going with compound interest.

[Joseph-mwrl]

The no. 1 requirement for a reserve currency is stability. Uncontrolled money printing sure throws that out the window

[aav]

She is asking the guy who holds/controls perhaps the most dollars in the world.. thats like asking me if my daughter is special….

[frenkporta]

To shortened the answer of Warren : " I really dont know what dollar will be in future. One thing for sure, the people who make the policy right now dont know what to do so be ready for worse"

[davidwhite]

Warren buffet is a blonde cheerleader born at the right time.

[nmejias]

Not true... we also have the British pound as well as the Yen and Euro.

[kurdik]

If the debt ceiling isn't raised on time then de-dollarization will accelerate. I can't believe elected officials aren't taking this seriously.

[georgemaximus]

“It doesn’t mean you can print money indefinitely and it will be interesting to see how it all turns out” a.k.a in translation= Pray 🙏 and cross your fingers.

[GaneshKrishnan]

There is no other current reserve, he is right. BUT he doesn't realize that there is work being done for a new common currency.

Also, dollar doesn't have to be dropped overnight. All that has to happen is for most countries to drop dollar for trade between them and it's already happening. A big impact will also be growth of brics, common currency and finally Saudi dropping USD for petro

De-dollarization is not an on of process. it's gradual replacement process which is happening currently

[loktom]

If you are already talking it, it's happening now.
As the momentum increases in a fall into the very deep dark pit.

[paolojimenez]

This is a question for the president not for investors that will start shorting the dollar..