VenezUSA: ‘The Costs Are Just Up, Up, Up’: Warren Buffett Issues Grave Warning About Inflation

Given the federal government’s unprecedented spending spree and money-printing splurge over the last year, many critics have warned that such fiscal irresponsibility could result in a destructive wave of inflation. Berkshire Hathaway CEO and billionaire investor Warren Buffett owns a number of large homebuilding companies—and he just warned that they’re seeing inflation on the rise.

“We are seeing very substantial inflation,” Buffet said at a Sunday shareholder meeting. “It’s very interesting. We are raising prices. People are raising prices to us and it’s being accepted.”

Indeed, surging prices are becoming a grave problem in the housing sector. This has ramifications for all of us. Inflation often feels like an abstract concept, but it hits everyday people the hardest. In one example, the ongoing surge in lumber prices over the last year, one of many current manifestations of inflation, has increased the price of a typical new single-family home by nearly $36,000.

And, in an example that hits even closer to home, FEE’s Hannah Cox recently reported on an ongoing surge in food and grocery prices that threatens Americans’ ability to keep food on the table.

“Food prices jumped 3.9 percent in 2020,” Hannah explained. “Unfortunately, this trend seems poised to continue. The US Department of Agriculture estimates grocery bills could increase by another 3 percent in 2021, while some experts are betting on even longer-term problems.”

She notes that meat prices increased 5.5 percent last year, while there was a whopping 11.3 percent increase in the price of fruits like apples and strawberries.

Food and housing inflation are just the beginning.

A recent Bank of America survey found that investors rank inflation overall as their top concern. Even some liberal-leaning economists like former Obama cabinet official Larry Summers—favorably predisposed to big-spending plans—are sounding the alarm.

“I think there’s a real possibility that within the year we’re going to be dealing with the most serious, incipient inflation problem we’ve faced in the last 40 years,” Summers said.

Ya, free money!.. FFS liberal democrats are fwcking retarded idiots.

4 Likes

This is exactly what happened in Germany which leas to the rise of the Nazis. Its always the same people who fail to learn from history. That is unless thus is ALL a deliberate act to destroy all nations economies and then introduce a new one world digital currency. :thinking: but thats just another wild conspiracy theory like vaccine passports was surely!

2 Likes

Our countries are full of people too afraid to be a little uncomfortable for a short period of time. We’ve had it easy too long and now “easy” has become our entitlement.

When humans are forced into uncomfortable places they can learn to do astounding things but when they never have to see struggle, it can lead to astounding new problems.

I for one am enjoying my land and properties jumping in value. Hell my vacation house doubled this past year.

Also, if your worried about food costs, stop shopping at grocery stores and wal marts. Support your local farms, much cheaper and higher quality product.

Lastly, this is why you should have a crypto portfolio. Cryptos with solid projects are anti inflationary.

I could care less about inflation. Learn to make money from it and use it to your advantage.

Hmm…it does help when the rich are buying up all the land. One person comes to mind “Bill Gates” my other countries are having the same issue. I don’t know but maybe.

Na mate, you don’t know shit

Ok… thanks for the completely useless input.

This topic was automatically closed 7 days after the last reply. New replies are no longer allowed.