18. Warrent Buffet Bets Against The US Dollar With This Single Investment

Warren Buffett bets against the future purchasing power of the U.S. Dollar with this single type of investment.Terry Sacka AAMS explains the significance of this investment move by the greatest investor who ever lived.

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Transcript

RIGGED [against you]: 0:00

Intro

Terry Sacka AAMS: 0:05

This is RIGGED. I'm Terry Sacka. Today, we're going to talk about the dollar and its purchasing power, what that means to you currently and what it will mean to you in the future. But before we get going on that, uh, I want to give you a few pieces of interesting information in the news regarding the great darling Warren buffet. Not that I'm a fan of that guy's politics, but I'll tell you what. He definitely knows money and what's going on with Vanguard and other major money managing firms. Now, the reason this is going to be important is they're making moves right now because they foresee the future that the purchasing power of the dollar is going to be severely hampered. And so they're positioning properly, which is very interesting in itself for Warren buffet, because he was always one to talk against golden silver, because he used to say, Oh, why would you dig something out of the ground? Just to put it back in the ground. It never really made money, regardless of the fact that over the last 20 years, gold is up 600% silver, 400% in the stock market, 170%, but that's another conversation. Obviously individual stock investments can be greater, but there's a reason Warren, Buffett's making this move. And I want to share with you because this is directly at the heart of purchasing power of the dollar and what it's going to be in the near future. But the headline was Warren Buffett's, Berkshire Hathaway buy stakes in Japanese, uh, five leading trading companies. Now Berkshire says it intends to hold the investment for long term and that it may increase his holdings in any of the companies. Now, the amount of stake he's taking$6.5 billion in these holding companies now for most people, okay. That's just a holding company check out and they don't really pay attention just recently. Berkshire Hathaway, Warren buffet bought a major stake in Barrick gold. And so he's making a big moving gold. Well, what they don't know about this trading company or these trading companies is they're massive commodity trading companies, holding firms and AKA, believe it or not. So over these Japanese trading firm, holding companies are some of the largest holding firms for physical silver in the world. Warren Buffett is making a move to Oh, and make sure he owns a substantial amount interest in a substantial amount of physical, silver, and gold. That outta tell you something, because what he's doing is he's taking a hedge beacon. Now six and a half billion dollars is not a small amount of money, but he's taking a hedge. And knowing that the dollar going to be losing its buying power here soon. And he's doing that for a reason because as the buying power of the dollar holdings or currency holdings, this will offset as gold and silver prices rise substantially. Another thing is Vanguard Vanguard is interested they're they're shifting prime money market funds to say for us back to investments. So what Vanguard is doing is, is transitioning. It's$125 billion prime money market fund into a government money market fund and rename it in the Vanguard cash reserve. Federal money market fund Vanguard is alone. Northern trust also is closing the money market fund and doing the same thing. The money market funds often provide investors safe Haven to stash cash and get very little yield. And what they're trying to say is, Hey, you know, you don't get a little, a lot of yield. So here let's do this. Remember what I did in the previous podcast explaining about things about the bank rules you don't know, and what they're doing. They're actually taking money out of the money markets. That's currency that you think is safe. And they're now putting you into 98% us treasuries. Now they're seeing to give you a little yield, but what they're really doing is bailing the government out folks. There is more to it than that, but all these moves, these are big moves it's because they know the dollar is in trouble. Our government bonds are going to be in trouble. And so financial institutions are helping the government now by buying the bonds and then investors smart ones are making moves into golden silver positions without directly going into golden, silver and radically changing the market. So what does all that have to do with purchasing powers? Because the dollar is fit to lose some serious buying power and value in the future. If you just go back to 1913, when this dollar experiment was started and the federal reserve was created, the dollar equaled a dollar. And so that's why something like a food bread would be like a nickel and everything was really, really, really cheap. That's where penny candy came from, right? And then in 1933, FDR executive order, it makes it illegal to hold gold coin bullying or certificate. 1944 Bretton woods comes in. He establishes the dollar as the world's reserve currency. And in 1971, Nixon closes the gold window entirely ends Bretton woods in beginning of the modern day Fiat currency we have today. So back in the day, the reason penny candy was a penny. And they try to tell you, inflation is normal. That's not true. What they really were doing was taking the value of a dollar and robbing you of its buying power. You can't buy that same candy for a penny for nothing. Today. It'll cost you almost 75 cents. If not a dollar for the same candy. Now, the best way to look at that as gasoline, for instance, back in the sixties, when gasoline was a late seventies, when it was like 20 cents a gallon or 30 cents a gallon, a silver ounce in American dollar would buy you the same about five gallons of gas. Well, today, if you go and sell your silver, you can buy an astonishing nine gallons of gas, go almost double what you could back in the day. That's buying power, that's purchasing power. You see, and they used to be equal the silver ounce and the dollar. Well, what can you buy a gasoline with your paper dollar today? That's right. Not even a quarter or a half, a gallon of gas when it used to buy you five. So you see by printing money and issuing debt like we do as a Keynesian economy, we are destroying our ability to have purchasing power. Meaning every dollar you earn hourly by salary, it doesn't matter. Every dollar you earn is for buying something, doing something insurance saving for the future for a house or a car repair, but it buys you something. There was a day when you can buy an automobile for 5,000. Now that same automobile is 25,000. You see purchasing power is being destroyed because the dollar, when it was worth a dollar in 1913, that very same dollar has the purchasing power. You get ready for this 4 cents. That's right for pennies, we have lost roughly 96% of the buying power of the dollar. And the evidence of that is how expensive things are. There was a time when in the seventies you could go to college, you can support yourself. You can pay for college. You could live on your own. You can have an automobile, get married, have one person getting the income and everything would be okay. Now we're at a point where you need two income families and it's very expensive. Rent and mortgages are expensive. Automobiles are expensive clothing and everything is expensive because they've destroyed the buying power, the purchasing power of every dollar you earn. So when you earn a dollar and you just put it in the bank, it is slowly losing the ability to buy you something. And the stock market is good. Don't get me wrong. It's another form of investing, but it has not performed nearly as well as gold and silver has. And that's where cornerstone comes in, educating people and helping them diversify into gold and silver holdings. But gold and silver is true money because the definition of money is the storage of value over time. And that example, I just gave you a gasoline. It lays it out. Silver, preserved your buying power over the last 40 years and doubled it. Whereas that paper, dollar lost substantial amount of buying power, and doesn't even barely buy you a half a gallon of gas. That's what they're doing. Folks recently with the trillions and trillions of dollars that they're printing your purchasing power in the future is going to get a lot worse. And if you're in retirement near retirement, you have better heed the warning of having tangible assets like gold and silver, because you will need that. Sustained buying power. As things like roof repairs and food and clothing become more expensive. They say inflation is normal, but it's not. It has been robbing us of our wealth. They created this currency note to go to zero and eventually it will buy you nothing. And then we will start a new currency note. That's why gold and silver. So a paramount and other tangible assets are paramount to preserve your wealth because in the end, you're the one working for it. But the most important thing is preserving it. So I hope this is very helpful. God bless each and every one of you until next week,

Cornerstone Asset Metals: 10:03

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