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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: elann 🐝🐝 HONORARY
SHREWD
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Number: of 21944 
Subject: Re: Brk annual meeting questions,
Date: 04/23/25 3:20 PM
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You are the reason the world no longer trusts America.

We don't care.
Nobody cares.
No American lies awake at night worrying what other countries think about us.

The thing about being the big dog is that de facto is what actually matters in the real world.


Plenty of people are lying awake at night worrying about the total destruction of our position in the world.
In financial terms, one big risk is that the dollar will lose its position as the global reserve currency. That could lead to devastating consequences. If every foreigner, countries, businesses, individuals, tries to flee from the dollar, it would quickly cause the U.S. to default on its sovereign debt or resort to a massive currency devaluation. You want to live in Argentina, Turkey, or Venezuela? I don't.

Up until WWII Britain was the "big dog" of the world and the pound sterling was the reserve currency. They couldn't keep it together after the war and they paid a huge economic and political price for it. The British couldn't stop the process. America is self inflicting the same thing, for no rational reason whatsoever.

Various European politicians have been saying "US President {insert name of current president} has upset us and is no longer the leader of the free world" ever since WW2.

This is completely false. Nothing close to the kind of collapse of trust we are seeing now has ever happened since WWII.

Elan
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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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