What this genius of the markets tells us, who has successfully weathered the worst crises and he is one of the 5 richest men in the world: “The market crash is inevitable”. a collapse of stock markets around the world. They call this “The Warren Buffett Fetish Indicator”.
Another of his warnings: “Get ready or inflation will bankrupt you. Only investing your money will save you.”
I recommend you read my article on “How to protect money in times of inflation”, published in this newspaper on May 16.
>
Read Also
- Chip and 5G, geopolitical war: Ericsson and Intel mega investments against China Jul 17, 2021
- Vote count in five Indian states begin amid pandemic May 2, 2021
- The message of Exequiel Palacios after the serious injury and the details of the call he received from Ángel Romero Nov 15, 2020
- Five animals more dangerous than you think Nov 23, 2022
- Santos Laguna wants the victory over León to know how far he can compete in the Liguilla Oct 30, 2020
- HS analysis Big Brother’s racism has always spoken around the world, and it was also seen in Finland last spring: Now the Sep 5, 2021
- Gender-based and sexual violence: A published guide for public employers Nov 25, 2022
He also said “we are seeing substantial price increases and it is being accepted. The steel going up every day. The economy is overheated.”
warned what will come He predicts a second wave of inflation with wage increases in 2023, which will push prices up even more and points out: “Inflation is higher than people anticipated.
The easiest solution to the problem will be the devaluation of the dollar.” In effect, Walmart to get a truck driver has to offer a salary of US$110,000 and a plumber does not go below US$100,000. Education for what?
This is very bad news since this devaluation will erode the economy. all kinds of savings you have and the purchasing power of the consumer will go away. to the bottom But high inflation benefits governments that are more indebted as they will receive more tax revenue by keeping their debt fixed or reducing it.
The dollar has devalued over the years. In 1932, 20 dollars bought 482 gallons of gasoline and in 2021 only 7 gallons.
Buffett has also said “that he would not pay US$25 for all the bitcoins of the world”. Bueeeeeno.
For this successful businessman, inflation is a scam and a devastating tax. People accept it because they think that if you have 10,000 dollars saved today, in 5 years you will have about 10,500 dollars. same money and a little more. But if in those 5 years the accumulated inflation was 30%, those 10,500 dollars will become 7 thousand when you go to spend it. Due to the pandemic, 80% of households in the United States received a check for $1,400.
Who will pay for it? that money turned into debt? The middle class, of course, with more tax via inflation.
MORALEX: “There is no free lunch.