Why Warren Buffet is saying so long to the US dollar.
There is a good article on Yahoo Finance by Robert Kiyosaki today. He points out that Warren Buffet is planning on reducing Berkshire Hathoway’s cash holdings by $30 billion dollars, investing much of that money overseas.
This is the real deal guys. All these questions about the US government deficit, monetary inflation, social security, oil, the war on terror — this ugly future is very real and it must be dealt with. Its not the end of the world, but people who have misallocated their assets will be wiped out much like what happened in the dot com boom. Unfortunately I think this realignment will be much worse and involve a very visible decline in the standard of living.
Kiyosaki points out that while financial planners are telling people to save more, Warren Buffet is doing the opposite. What does he know that the average American doesn’t?

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