Needless to say, my wife is an expert because she knows the value of the items she buys every day is skyrocketing over time. I don't care much about the price because I only drink beer and when I'm drunk I just pay without much awareness of it.
The world has printed so much money that money is flowing into goods and increasing their value. I think this bull run is just getting started.
Topic: Warren Buffett says he's sees ‘very substantial inflation’ and rising prices (Read 474 times)
May 19, 2021, 10:33:59 AM
May 18, 2021, 11:42:02 AM
I don't know why everyone here gives so much importance to Warren Buffet. Across different sub-sections I have seen at least 4-5 threads which mentions him in the title. Warren Buffet was a great investor. But that was many decades ago. Right now he is a bitter old man who can't fathom the success made by cryptocurrency. Most of the economic analysts have predicted a steep rise in inflation, which corresponds to Biden's plan for an additional $6 trillion in spending ("American Families Plan"). Now we don't need Buffet to repeat those words.
Tell me you're a clown without saying you're a clown, lol. Buffet and Munger are still the greatest investors in history, and their opinions matter a great deal which is why they get so much attention. Trying to say Buffet is a bitter old man because he's not a crypto enthusiast is a hot take, and a dumb one at that.
May 15, 2021, 11:56:12 PM
I don't know why everyone here gives so much importance to Warren Buffet. Across different sub-sections I have seen at least 4-5 threads which mentions him in the title. Warren Buffet was a great investor. But that was many decades ago. Right now he is a bitter old man who can't fathom the success made by cryptocurrency. Most of the economic analysts have predicted a steep rise in inflation, which corresponds to Biden's plan for an additional $6 trillion in spending ("American Families Plan"). Now we don't need Buffet to repeat those words.
Tell me you're a clown without saying you're a clown, lol. Buffet and Munger are still the greatest investors in history, and their opinions matter a great deal which is why they get so much attention. Trying to say Buffet is a bitter old man because he's not a crypto enthusiast is a hot take, and a dumb one at that.
May 15, 2021, 11:11:30 AM
If the government could be lobbied then probably those loopholes are going to stay there forever. Believe a lot of people have tried to close this loopholes and they failed miserably. Look back at the times of Banana Republic, when an elected president tried to get in the way of these Fruit Companies, they conspired to overthrow that president.
That's the sad reality of today's politics. The billionaires are major donors for various political parties, so none of the mainstream parties would favor a law which would remove the loopholes used by the super-rich to avoid taxes. Every now and then, they will increase and decrease the income tax and capital gains tax, just to fool the ordinary people. None of these tax increases (or decreases) will have any real impact on the billionaires. There should be a complete overhaul on how the taxes are being paid.
May 12, 2021, 03:01:17 PM
You don't need to be an economist to know that we are going to witness high inflation very soon and it has started reflecting in the prices of items. Just look at the huge amount of money that was printed last year and this year, these money was used to pump stock and many people become paper rich with no productivity to back it up
May 12, 2021, 01:10:56 PM
what's "substantial" for warren is considerable and integral for the ones that are at the lower echelons of the society. The ones that are impoverished are most affected by the never-ending inflation of the US dollar, which further subjects them to a substandard way of living that I believe Warren wouldn't be able to survive had the positions been switched between them.
Actually, the ones who are most impacted by inflation are the richest ones because they have high capital and they are affected by inflation while someone from lower-middle-class who earns what he spends is not much impacted by the inflation and all that happens around it.It is the duty of the government to remove those loopholes, which allow billionaires such as Buffet and Gates to avoid paying taxes. Whenever the tax rates are increased, it is the middle class which suffer. The billionaires are not affected, because they almost never sell their shares. When was the last time that Warren Buffet sold his shares in Berkshire Hathaway? So it is clear that increasing the capital gains tax or the income tax will not have an impact on these people.
I agree that the riches must be the highest taxpayers and they are to a certain degree but if you impose massive taxes on earnings for riches then you will see most of the industries being set up in foreign and there will be a lack of industries because there are lots of countries who will welcome industries under favorable conditions. ultimately industries will bring employment so it is important to keep the policies in favor of big industries. May 12, 2021, 11:22:15 AM
If the government could be lobbied then probably those loopholes are going to stay there forever. Believe a lot of people have tried to close this loopholes and they failed miserably. Look back at the times of Banana Republic, when an elected president tried to get in the way of these Fruit Companies, they conspired to overthrow that president.
That's the sad reality of today's politics. The billionaires are major donors for various political parties, so none of the mainstream parties would favor a law which would remove the loopholes used by the super-rich to avoid taxes. Every now and then, they will increase and decrease the income tax and capital gains tax, just to fool the ordinary people. None of these tax increases (or decreases) will have any real impact on the billionaires. There should be a complete overhaul on how the taxes are being paid.
May 12, 2021, 11:02:53 AM
what's "substantial" for warren is considerable and integral for the ones that are at the lower echelons of the society. The ones that are impoverished are most affected by the never-ending inflation of the US dollar, which further subjects them to a substandard way of living that I believe Warren wouldn't be able to survive had the positions been switched between them.
I would rather disagree. Inflation has the most negative impact on the middle class, and not on the lower class or the rich. The poor usually don't have any savings and their earnings from various blue collar jobs increase with respect to inflation. The middle class on the other hand will witness the net worth of their savings go down as a result of inflation (unless they are saving in the form of some asset that is protected against inflation - such as gold or Bitcoin).
May 12, 2021, 06:17:47 AM
That's funny in my opinion, these out of touch billionaires think that they know what's best for the poor when all they do is get fed of the money that they stole from them "legally". If these fuckers all pay their taxes in their country, the poor will have the help they will receive or if they don't want to pay taxes in legal way then they should probably pay the debts of these people, they will still have a lot of leftover when they do this.
It is the duty of the government to remove those loopholes, which allow billionaires such as Buffet and Gates to avoid paying taxes. Whenever the tax rates are increased, it is the middle class which suffer. The billionaires are not affected, because they almost never sell their shares. When was the last time that Warren Buffet sold his shares in Berkshire Hathaway? So it is clear that increasing the capital gains tax or the income tax will not have an impact on these people.
May 12, 2021, 03:53:33 AM
The reason why poor do not really care about inflation in a savings stand point (obviously we all care about inflation for regular purchasing prices increasing) is the simple fact that if you are actually a poor person you would know that you can't save money, anyone who can put money aside time to time is not a poor person, even a poor person could do that maybe a few times in their life but not constantly and not in a consistent manner.
It means they can't care about increasing their account, they can't care about finding a way for their bank account to grow faster than inflation, because they spend it, whatever they earn they end up spending and that means they do not have any money at all. I am sort of in the middle, I do save a bit of money so I am definitely not poor thank god, but I am also not rich by any standard neither, I am saving up funny amount of money per month, like maybe $50 per month but that is better than be in debt every month.
We have no choice and are forced to do everything to survive. Unemployment and rising inflation threaten the lives of many people. There will be more poor people in the world and we cannot change that. My parents were also people who rose from poverty and they understood the value of the money being devalued. Perhaps not all poor people are unaware of inflation, they just have no choice, no other way to save or invest. They are the most vulnerable in society.
May 12, 2021, 03:53:28 AM
You do not need to be a genius to make that forecast. Most of the Federal Reserve state representatives are already saying that there is a very clear risk of it. Warren is probably happy about it, as he has quite a bit share in banks and they typically profit from higher rates that may come from fighting inflation.
The problem is that there are a million companies that are being kept alive with "breathers", that is, cheap loans and plenty of printed money. The impact on the economy of a rise in interests is difficult to evaluate but it must be huge and the Central Banks can only delay it for so long, it may even be here before a real recovery. I think wallstreet is starting to price this in.
The problem is that there are a million companies that are being kept alive with "breathers", that is, cheap loans and plenty of printed money. The impact on the economy of a rise in interests is difficult to evaluate but it must be huge and the Central Banks can only delay it for so long, it may even be here before a real recovery. I think wallstreet is starting to price this in.
May 12, 2021, 02:40:31 AM
That's funny in my opinion, these out of touch billionaires think that they know what's best for the poor when all they do is get fed of the money that they stole from them "legally". If these fuckers all pay their taxes in their country, the poor will have the help they will receive or if they don't want to pay taxes in legal way then they should probably pay the debts of these people, they will still have a lot of leftover when they do this.
It is the duty of the government to remove those loopholes, which allow billionaires such as Buffet and Gates to avoid paying taxes. Whenever the tax rates are increased, it is the middle class which suffer. The billionaires are not affected, because they almost never sell their shares. When was the last time that Warren Buffet sold his shares in Berkshire Hathaway? So it is clear that increasing the capital gains tax or the income tax will not have an impact on these people.
May 12, 2021, 01:38:06 AM
what's "substantial" for warren is considerable and integral for the ones that are at the lower echelons of the society. The ones that are impoverished are most affected by the never-ending inflation of the US dollar, which further subjects them to a substandard way of living that I believe Warren wouldn't be able to survive had the positions been switched between them.
That's funny in my opinion, these out of touch billionaires think that they know what's best for the poor when all they do is get fed of the money that they stole from them "legally". If these fuckers all pay their taxes in their country, the poor will have the help they will receive or if they don't want to pay taxes in legal way then they should probably pay the debts of these people, they will still have a lot of leftover when they do this. 
May 11, 2021, 10:51:51 PM
what's "substantial" for warren is considerable and integral for the ones that are at the lower echelons of the society. The ones that are impoverished are most affected by the never-ending inflation of the US dollar, which further subjects them to a substandard way of living that I believe Warren wouldn't be able to survive had the positions been switched between them.
I would rather disagree. Inflation has the most negative impact on the middle class, and not on the lower class or the rich. The poor usually don't have any savings and their earnings from various blue collar jobs increase with respect to inflation. The middle class on the other hand will witness the net worth of their savings go down as a result of inflation (unless they are saving in the form of some asset that is protected against inflation - such as gold or Bitcoin).
May 11, 2021, 04:26:57 PM
what's "substantial" for warren is considerable and integral for the ones that are at the lower echelons of the society. The ones that are impoverished are most affected by the never-ending inflation of the US dollar, which further subjects them to a substandard way of living that I believe Warren wouldn't be able to survive had the positions been switched between them.
May 11, 2021, 04:00:59 PM
When the sage of Omaha tells you something about the fiat economy, he's probably right.
Even though I don't necessarily agree with everything that Buffett has said in the past, especially in terms of his archaic attitude towards cryptos in general, that doesn't detract from the fact that he is an excellent investor with an edge above the rest in the fiat game.
Reflation risks are rife right now, and it should be pretty obvious for anyone that has taken simple economics. Prices are going to go up as a result of more money chasing the same amount of goods - I don't really understand how people could possibly deny that.
Even though I don't necessarily agree with everything that Buffett has said in the past, especially in terms of his archaic attitude towards cryptos in general, that doesn't detract from the fact that he is an excellent investor with an edge above the rest in the fiat game.
Reflation risks are rife right now, and it should be pretty obvious for anyone that has taken simple economics. Prices are going to go up as a result of more money chasing the same amount of goods - I don't really understand how people could possibly deny that.
May 11, 2021, 03:42:52 PM
The government prints too much money to regulate the economy, so that's the first reason. Another reason is due to the reduction of agricultural production and commodity production, making these products reduce production and inventory more. Firms need to deal with their own economic problems, which are fees such as storage, product distribution, and capital recovery. They will do everything according to plan to revive their business. The escalation in commodity prices is inevitable.
Free money drives everyone to consume, and this happens to almost everyone. Converting their assets to Bitcoin and cryptocurrencies will be easier for businesses with stable revenue. That is easy to see. Not everyone has a vision of inflation, especially for the poor.
The reason why poor do not really care about inflation in a savings stand point (obviously we all care about inflation for regular purchasing prices increasing) is the simple fact that if you are actually a poor person you would know that you can't save money, anyone who can put money aside time to time is not a poor person, even a poor person could do that maybe a few times in their life but not constantly and not in a consistent manner.Free money drives everyone to consume, and this happens to almost everyone. Converting their assets to Bitcoin and cryptocurrencies will be easier for businesses with stable revenue. That is easy to see. Not everyone has a vision of inflation, especially for the poor.
It means they can't care about increasing their account, they can't care about finding a way for their bank account to grow faster than inflation, because they spend it, whatever they earn they end up spending and that means they do not have any money at all. I am sort of in the middle, I do save a bit of money so I am definitely not poor thank god, but I am also not rich by any standard neither, I am saving up funny amount of money per month, like maybe $50 per month but that is better than be in debt every month.
May 11, 2021, 11:17:30 AM
This serves as a counterpoint to everyone who says the US economy is "booming" atm.
Warren Buffet has a point here. The U.S. economy is currently booming because there is an extremely large amount of cheap money and this money enters the economic cycle quickly (unlike in Europe, for example, where there are other structures). This increases inflation, which can already be seen in the partly extreme real estate prices. Therefore, sooner or later, the Fed will have to raise interest rates to contain inflation and protect the economy. But this is exactly what will cause stock prices to fall and indirectly hit the economy. The FED is in a quandary.
May 11, 2021, 10:27:19 AM
This serves as a counterpoint to everyone who says the US economy is "booming" atm.
however we look at things, there is simply no way the US economy can be booming anytime soon. with COVID, increased rate of joblessness, economic wars Trump started, rising prices thanks to inflation, and the cherry on top which is FED printing a shitton of money.
we are lucky it hasn't crashed to the ground yet.
And with that having said, is he going to look for another way to protect their assets on his BH? will this give a point to him that he should take a look how bitcoin performs while they are experiencing inflation?
i strongly believe he already has a lot of bitcoin in his pocket. May 11, 2021, 08:32:45 AM
The thing is corporations will buy Bitcoin as a hedge against the devaluing Fiat currencies cause they have money at their disposal, but for the average individual, it's much more difficult, especially now that cost of living is pretty high, they would rather use their stimulus for their daily needs than for investing in something that's somewhat risky.
The government prints too much money to regulate the economy, so that's the first reason. Another reason is due to the reduction of agricultural production and commodity production, making these products reduce production and inventory more. Firms need to deal with their own economic problems, which are fees such as storage, product distribution, and capital recovery. They will do everything according to plan to revive their business. The escalation in commodity prices is inevitable.
Free money drives everyone to consume, and this happens to almost everyone. Converting their assets to Bitcoin and cryptocurrencies will be easier for businesses with stable revenue. That is easy to see. Not everyone has a vision of inflation, especially for the poor.
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