L’Oracle d’Omaha, Warren Buffett, Expressed his disappointment in the face of the depreciation of the US dollar at the annual 2025 meeting of Berkshire Hathaway and said that no one would like to have assets in a currency that loses value.
What happened Speaking of the US dollar, Buffett said: “You would not want to have anything in what we thought was a motto that is really dying. This is the most worrying thing we have to say about the American motto”.
“I mean, our government’s tendency to want to devalue its currency over time, there is no system that surpasses this,” he added, criticizing the government’s position on a lower dollar.
Buffett also underlined his concerns about tax policy.
“You can choose dictators, choose representatives, you can do whatever you want. But there will be a tendency towards a lower currency. And of course, tax policy is what scares me in the United States because it is made of the way it is, “said Buffett.
To read also: Analysts criticized the US government attempt to weaken the US dollar in their analyzes. The comment of the Chatham House expert, David Lubinsaid that “some members of the Trump administration consider that the status of a reserve currency of the dollar is more a burden for the American economy than a blessing”.
According to him, the “pushing policy” of the government aims to weaken the dollar permanently compared to other currencies, with the hope of reducing the trade deficit and attracting manufacturers to the United States.
However, Lubin warns strongly against this approach, and argues that “if the international monetary system cannot count on the complete convertibility of the dollar, or its availability in the event of a crisis, it enters unknown territory. Soft the global status of the dollar would not only transmit enormous quantities of additional uncertainty to the global economy, but would also be an unnecessary act of self-mutilation for the United States”.
Price movement: At the time of the publication of this article, the US Dollar Index Spot was 0.11 % lower at 99,7200. He dropped 8.02 % since the start of the year.
While the SPDR S&P 500 ETF Trust(Sneeze: spy) a l ‘Invesco QQQ Trust ETF (Nasdaq: qqq), which follow the S&P 500 index and the Nasdaq 100 index, fell yesterday. The SPY fell 0.57 % to set up at $ 563.51, while the QQQ dropped by 0.59 % to stand at $ 485.93, according to data from Benzinga Pro.
In premail this Tuesday, the SPY fell 0.61 % and the qqq by 0.84 %.
Read more
Photo graceful of: Mark Reinstein / Shutterstock.com
