from MSN
Warren Buffett has issued a clear warning on the stability of the US dollar, stating bluntly, “We would not really invest in a currency that is going to ‘hell’.”
Speaking at Berkshire Hathaway’s 60th annual shareholder meeting, Buffett criticised US fiscal behaviour, calling it “alarming”. He questioned the long-term health of the dollar, pointing to reckless government spending and rising deficits. “A currency’s value can be a scary thing,” he said, especially when governments act without restraint.