Buffett Dumps Dollar for BRICS Currencies—’It’s Going to Hell’
Warren Buffett makes a rare dollar bear call, shifting billions into BRICS local currencies. The Oracle of Omaha’s move signals deeper cracks in USD dominance—while hedge funds keep recycling ’strong dollar’ talking points.
Why now? Emerging markets now offer higher yields, less political risk, and actual productivity growth—unlike the US, where monetary policy runs on hopium and credit card debt.
One hedge fund manager sniffed: ’But muh exorbitant privilege!’ Too bad. The dollar’s funeral starts when legends like Buffett stop pretending the emperor has clothes.
BRICS: Warren Buffett Questions US Dollar’s Future, Plans to Invest in Local Currencies
The ace investor criticized the US fiscal behavior calling itand questioned the long-term strength of the dollar. Buffett then went ahead hinting that Berkshire Hathaway could take entry positions in foreign currencies next.he said. Warren Buffett might not invest in BRICS currencies but could invest in the yen and not the US dollar.
The 94-year-old billionaire hinted that Berkshire Hathaway could invest in European currencies next. They mighthe noted during the shareholder summit. Warren Buffett’s confidence in the US dollar is eroding at the same time when BRICS is spearheading the de-dollarization initiative.
In addition, he also condemned the tariffs saying that trade must never be weaponized by the government.he said. Even BRICS members and other nations, along with Warren Buffet are upset with tariffs that are damaging the US dollar.