On Friday, March 25, 2011, Warren Buffett predicted the decline of the U.S. dollar.
In a speech given in New Delhi, the chairman of Berkshire Hathaway warned investors to avoid "long-term fixed-dollar investments" such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money our government has pumped into the economy, when combined with interest rates so low they're practically giving money away, are combining to dilute the value of the dollar. As a result, Buffett warns: "If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not."
Native American Advisors CHIPPEWA PARTNERS
- Dean Parisian
- CHIPPEWA PARTNERS is a Registered Investment Advisor and provides investment management to private investors, retirement plans and Native American tribal entities. Founded in 1995 as a fee-only money manager we are about doing the right things the right way and our expertise developed over 30 years balances financial acumen with absolute integrity. Dean Parisian, member of the White Earth Chippewa Tribe is a former NASD and NYSE arbitrator and successful trader who started on Wall Street in 1982 with Kidder Peabody and then with Drexel Burnham Lambert in LaJolla. The firm is a Life Member of the National Congress of American Indians. As a private, unbiased fiduciary firm we know what to do and are prepared to do it. We invite serious inquiry to manage your investment portfolio. Email:ChippewaPartners@gmail.com. Office: 877-772-1621
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