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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: kmb123   😊 😞
Number: of 21943 
Subject: OT - De-dollarization
Date: 04/06/23 9:28 PM
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After 20+ years reading this board, I'm fully aware that I'm in the minority politically compared to many of the thoughtful posters here. I'm totally okay with that. I'm old enough to respect the adage about not discussing politics in polite company. Variety is the spice of life, after all.

That being said, I'd be grateful to hear some perspective on this OP-ED (and subsequent analysis) from the political right on the topic of the world economy shifting away from the dollar as the primary reserve currency.

dailycaller.com - Opinion the ukraine war could be the final nail in the dollars coffin ej antoni peter st onge

"...the US froze the dollar reserves of Russia's central bank. To be clear, these were not American assets, but were dollars owned by the Russian central bank and the Russian people. The seizure was intended to cause bank runs and collapse Russia's credit system. It didn't work.

Instead, it exposed the Biden administration's willingness to violate the trillions of dollars foreigners rightfully own. The danger of this precedent is difficult to overstate"


zerohedge.com - Last war we can afford fight tucker carlson sounds alarm over de dollarization slams

"'And as a result, dollars begin to look much less appealing to the rest of the world - and so de-dollarization began, and it has accelerated at remarkable speed, almost without comment in the American media, over the last year'"

Is this just another angle to attack Biden? It certainly seems that this issue has been coming to a head for longer than the current administration, and I have to admit, the argument has me persuaded. I'm not looking for someone to blame. I'm just wondering, is the sky falling? Are thoughtful investors pulling their funds out of the market, or is this similar to how Buffett addresses inflation, where the best response is to continue to hold American companies that generate mountains of cash?

Thanks.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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