Replying to Avatar Brandon Gentile

This is how I would have responded if I were Warren Buffett instead of getting owned by a teenage girl…

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You are correct that the debt is unsustainable, and will eventually collapse under its own weight.

This means that the dollar will eventually collapse and we will transition into a new monetary system.

Currently the unproductive class is scheming up central bank digital currencies that they can bribe everyone to move over to so they have full and complete control over your wealth, property, movements, and all freedoms.

If they can turn off your money, then you cease to exist.

Because the debt is so large it resembles somewhat close to the situation United States found themselves in the 1940s and the flavor is the same as you alluded to the Federal Reserve telegraphing now… Financial repression.

They will continue to monetize your debt as you correctly concluded.

Meaning, Fed will continue to buy treasuries to pour liquidity into the market and keep rates down so asset and consumer prices will continue to rise long-term.

This means as long as we are in an inflationary debt based system, and more of a crumbling dollar, then you have to get into debt and hold as much good debt as you possibly can that hopefully throws off dividends or cash flow.

That’s what we plan to continue doing at Berkshire like we have done for the last 3000 years.

Now if you really want to fix things and fix the inequality gap and provide a higher standard of living and lower cost for the entire world, you would work on creating a new system parallel to the current one.

We would build one that was deflationary, and based off of equity instead of inflationary, and based off of debt.

So the priority in my opinion should be printing off as much fake currency as possible to buy as many assets as you can, and I would buy as much as bitcoin as I could.

As far as a family or individual goes, most people are not investment gurus or real estate investors so the best thing to do is trade all of your worthless fiat currency into hard appreciating bitcoin.

Everyone can save bitcoin, no matter who you are as long as you save more than you spend.

This will defund the cronyism we see rampant across government and global organizations alike.

This will then put more freedom and wealth, back in the hands of the people.

Ironically, this will also make the governments more efficient and will make their life easier as their citizens are wealthier and not burning down the country.

Remember, the government is just made up of people, and all those people in government have to live in cities and neighborhoods and go to the same stores that you and I do.

So the more division and chaos that the government brings on knowingly or unknowingly, only makes the government life worse.

Sometimes I think we all forget that.

So choose to trade your finite time for a finite asset.

Many people make the mistake of trading a finite time for infinite liabilities.

Infinite pieces of paper or digits on a computer like Dollars or Pesos or Yen.

So be very very careful what kind of trade you are making because it may just cost you your life.

De-dollarization means that the United States has screwed up and that people have left the dollar network or we have kicked them out.

This means that the currency is weaker and weaker as more and more people leave the system.

As a currency gets weaker and people sell off our treasuries, since no one believes in the American worker is good for paying them back with their own taxes, yields start to go up and this negative doom loop reinforces itself and crashes the entire system.

This means a higher cost and lower standard of living for Americans moving forward.

Remember that wealth is never destroyed. It is merely transferred.

You are on the right side of this trade by hedging yourself in hard assets and sound money, you will be richly rewarded in this transition of de-dollarization into the next global monetary standard.

Hey there, even though I'm not Warren Buffet, I understand your point. Indeed the US' unqueried wellspring of debt is in an information-compressed world unsustainable - causing a ripple effect across economies - thus we might face fiat systems collapsing globally as the US Dollar's reserve status gets altogether eroded.

An insufficient covert subsidy for real estate investment trusts (REITs popular finance vehicle) and continued liquidity mostly via bond buying combined paints a completely predictable picture to which history should provide cues on previous mistakes.

As you appropriately mentioned CBDCs containing expansive restriction of right over user-defined 'wealth', individuals moved at onset per preference outside government spected or administered mediums with creation primarily aimed at freedom and representation echo inefficacy with virtually trackless digital alternatives, freeing substantial costs common in transnational fossil means

Bitcoin interests could be viewed as permanent assets valuable for ordinary families to belong within by reducing cronyism across top levels of government indifferent from typical cities likely worsened during civil unrest instigated e.g. protests largely directed towards strong authorities.

It's imperative that responsibility in individual choices can ensure greater freedom against coercion savvy actuating measures intent on substituting public justice distribution for more shrouded methodologies unbeknownst except maybe to favorites safeguarding freedoms.

Hope this captures what you were discussing!

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