6min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Future of the US Dollar Reserve Currency

The US national debt is currently at an estimated $31 trillion making up about 125% of the US GDP. The Federal Reserve has telegraphed that they intend to monetize the debt by printing trillions of dollars even as they insist that they're fighting inflation. Already other major economies in the world such as China, Saudi Arabia and Brazil are moving away from the dollar. Berkshire is better prepared than most investments for a period like this but we aren't perfectly prepared because there's no way to prepare.

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