Why Warren Buffett May Be Wrong About America’s Future
Why Warren Buffett May Be Wrong About America’s Future
Notes From The Field By Simon Black
July 21, 2021 Cancun, Mexico
Nearly every year in his annual Berkshire Hathaway shareholder letters, Warren Buffett spends a few pages talking about the dynamism of the American economy. His message is clear: the United States has faced adversity before. It will again. But America always prevails and you should never bet against it. That theme has certainly held true during Buffett’s life. He was born in 1930 and came of age at a time when the US had become the world’s undisputed dominant superpower.
Buffett’s entire business career, in fact, took place at a time when America was on the rise. But even Buffett would have to acknowledge that times have changed.
Today the government is obsessed with passing regulations that create obstacles to growth and new business formation. They’d rather pay people to stay home and NOT work rather than encourage production and innovation.
They rack up enormous quantities of debt without a single thought to the long-term consequences. They engineer inflation. They stifle competition.
And they constantly ridicule anyone who took a chance, worked hard, and became successful. Not only do they want to raise your taxes, they want to shame you because of your hard work and success.
Buffett knows this now from personal experience. Last month, in an effort to make wealthy people look bad, Buffett’s private personal tax returns were illegally leaked on the Internet for everyone to see.
He never had to deal with that sort of rage before in his life.
Moreover, when Buffett was a young man, he never had to contend with fanatical mob of woke Marxists. And he never knew a time when the biggest companies in America bent the knee in subservience to them.
And while there have always been small groups of Communist sympathizers and socialists in America, Buffett made his fortune at a time when the vast majority of people understood the awesome, prosperity-generating powers of a capitalist system.
But today, socialism is totally mainstream, with New York Magazine last month proclaiming that “Socialism isn’t a dirty word anymore.” And according to a recent Axios poll, most Gen Z (ages 18-24) have a negative view of capitalism.
Bottom line, the America of today is not the same America where Buffett made his fortune.
This isn’t to say that there aren’t extraordinary opportunities to create wealth and become successful. Of course there are-- opportunities abound everywhere, both within the US, and around the world.
But it would be foolish to ignore these trends, or the fact that the country may be past its economic and political peak.
To paraphrase former Treasury Secretary Larry Summers, how much longer can the worlds biggest debtor continue being the world’s biggest superpower?
How much longer can a country which debases its currency, embraces socialism, silences intellectual dissent, brainwashes its youth, and encourages unproductive behavior, continue being the world’s most dynamic economy?
These are not controversial statements. They’re relevant, important questions that any independent-minded person might consider.
This is the topic of today’s podcast, which you can watch here (on YouTube) or here (on SovereignMan.tv), or listen to here.
To your freedom, and Prosperity
https://www.sovereignman.com/podcast/why-warren-buffett-may-be-wrong-about-americas-future-33110/
Signature Simon Black,Founder, SovereignMan.com
Why Did Treasury Just Hire the Architect of the Gold-Backed Bond?
by Phoenix Capital Research Tuesday, Oct 06, 2026 - 8:20
In late September, Treasury Secretary Scott Bessent brought Judy Shelton into his office as Counselor to the Secretary. Most of the coverage treated it as a personnel note about a longtime gold advocate. I think the more useful question is a simple one: why would Treasury want her, and why now? Start with the problem Bessent is trying to solve.
Treasury has to sell trillions of dollars in long-term debt to finance a national debt that has passed $40 trillion.
The Final Move Before The Dinar Revalues?
The Dinar Den: 10-7-2026
The global financial community and foreign currency enthusiasts were recently taken by surprise by an unexpected policy shift from the Central Bank of Iraq (CBI).
In a move that blindsided many analysts who had been tracking Iraq’s economic reforms, the central monetary authority officially adjusted the exchange rate of the Iraqi dinar against the United States dollar.
KTFA
Wednesday Night Video
FRANK26…10-7-26….STRATEGIC STEP
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Iraq’s Dollar Rate Increase Draws Lawmaker Backlash
2026-10-07 Shafaq News- Baghdad Iraq’s Finance Ministry said on Wednesday that it had adopted a base exchange rate of 1,500 Iraqi dinars per US dollar and suspended advance customs payments, prompting lawmakers to seek an emergency parliamentary session to reverse the currency decision.
What Makes The Federal Reserve Decide To Raise Or Lower Interest Rates?
Sep 28, 2026 Economic outlook Hilarey Gould Editorial staff, J.P. Morgan Wealth Management
As the United States’ central bank, the Federal Reserve (Fed) exists to promote the overall strength, stability and well-being of the U.S. economy.
As part of its monetary policy function, the Fed adjusts the federal funds rate to help meet its so-called dual mandate: controlling inflation and supporting maximum employment.
THE XRP STORY IS BECOMING MUCH BIGGER
“Ladies & Gentlemen, Start Your Engines!”
See what is converging?
Not rumor.
Not one announcement.
Architecture.
China’s New Gold System Takes Aim at the Dollar
Taylor Kenny: 10-7-2026
China is buying gold, reducing its reliance on U.S. debt, and expanding systems that could bypass the dollar. If this trend continues, the impact on inflation, retirement savings, and purchasing power could be enormous.
In a recent analysis by ITM Trading, financial experts explore how China’s persistent gold accumulation, massive infrastructure investments, and deliberate moves away from the U.S. dollar point toward preparation for a brand-new global monetary order.
Bruce’s Big Call Dinar Intel Tuesday Night 10-6-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call. It is Tuesday, October. Thank you, October 6, and you're listening to the big call. Thanks, everybody, for tuning in again. Yes, I am back for tonight's call, and expect to be here to take us all the way through the end of this thing that we're in right now. I don't know what else to call it, but thank you for joining us, everybody. I'm looking forward to my segment tonight, but I always look forward to hearing from Sue and Bob.
So let's take a look at where we are on the Intel side. First, I want to thank Sue and Bob for taking the call last Thursday night on the first. Taking that and doing a great job with the call and the Intel. And what I'm going to do is bring to you where I believe we are.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: IMF WARNS OF ENERGY AND DEBT SHOCK AS FED SIGNALS MORE RATE HIKES
The IMF is warning that energy costs and record public debt are threatening global growth just as new Fed minutes point toward another U.S. rate increase this year.
Coffee with MarkZ, joined by Zester. 10/07/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: No Andy this morning as he is on an airplane but expects to join us this evening. Decoding the exchange rate move to 1520, and more before Zester joins us to talk tokenization.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Ariel: Why you Should be Excited about this
10-7-2026
Why You Should Be Excited About This
Eighty-five billion in foreign currency reserves is the war chest that makes a revaluation defensible instead of speculativewhen the CBI moves the rate, those reserves are the guarantee that the new value holds against any market pressure or speculative attack.
Emailed to Recaps~ Thank you David
Reset Intelligence: Devalue, Delete, Revalue
By Reset Intelligence | @EXIT_FIAT
For about a week one theory has circulated in the dinar community: Iraq lowers the IQD first, deletes the zeros, and only then raises the rate.
This morning the first step happened. Iraq's Council of Ministers approved a new rate and the Central Bank adopted it: 1,500 IQD to the dollar buying from the Finance Ministry, 1,510 selling to the banks and 1,520 selling to the public.
Ariel: Cabinet Seating as Structural Trigger for the Iraqi Currency Reset
19-7-2026
The Connection Between The Cabinet Seating & The Currency Reset:
Cabinet Seating as Structural Trigger for the Iraqi Currency Reset — Full Mechanics, Sequencing, and Skeptic Dismantlement
THE CORE MECHANISM: WHY A PARTIAL GOVERNMENT CANNOT PULL THIS TRIGGER
Strip away the noise and the connection is mechanical, not mystical.
Iraq’s 2027 Budget Draft Sets 217T Dinar Spending
2026-10-06 / 05:08 Shafaq News- Baghdad Iraq’s draft 2027 federal budget totals 217 trillion dinars ($164.9B), with a projected deficit of 50 trillion dinars ($38B), parliamentary Finance Committee member Abbas Hayal told Shafaq News on Tuesday.
Good Morning Dinar Recaps,
INDIA RESET WATCH: RBI HIKES RATES AS RUPEE NEARS RECORD LOW
India’s central bank has begun tightening policy again, but the rupee’s continued weakness shows how powerful global energy, capital-flow and dollar pressures have become.
How Wars And Geopolitical Conflicts Can Affect Stock Market Performance: What History Shows And How Investors Can Prepare For Volatility
Sep 29, 2026 Sergei Klebnikov Editorial Staff, J.P. Morgan Wealth Management
Geopolitical conflicts can drive short-term market volatility, but history shows the initial sell-off is often more about uncertainty than a lasting change in long-term returns.
The biggest risk to watch is whether the conflict disrupts critical supply chains in ways that spill into inflation, financial conditions, corporate earnings and broader economic growth – energy is one common channel, but not the only one.
GP Q: Same Week, Three Separate Stories
10-6-2026
Same week, three separate stories.
An overview: Easy to mash them into a “reset.” They are not one.
Seoul, 3 October. XRP Asia launched at the Grand Hyatt during Korea Blockchain Week.
KTFA
Tuesday Night Video
FRANK26….10-6-26….1500 TESTED
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Iraq Considers Raising Official Dollar Rate To 1,500 IQD And Dropping Currency Zeros
Iraq Jawad Al-Samarraie October 6, 2026
Baghdad (IraqiNews.com) – Safaa Al-Jabri, member of parliament for the Al-Sadiqoun bloc and member of the Parliamentary Economic Committee, revealed that the federal government is reviewing a proposal to adjust Iraq’s official exchange rate from 1,310 dinars to 1,500 dinars per U.S. dollar, while advancing high-level deliberations to redenominate the national currency and potentially remove zeros.
Good Morning Dinar Recaps,
GLOBAL AI DEBT RESET WATCH: TECH GIANTS FLOOD BOND MARKETS WITH BILLIONS IN NEW AI BORROWING
The race to build artificial intelligence infrastructure is creating a new wave of corporate borrowing that is beginning to compete directly with governments for global investment capital.