
John E Deaton|May 14, 2025 15:32
Of all the investments in the world, Warren Buffet, arguably the greatest investor of all time, saw one certainty:
Washington’s addiction to deficit spending.
The U.S. Treasury market shouldn’t be a billionaire’s gold mine. But the federal debt has skyrocketed to 36T, forcing reliance on the billionaire class or foreign governments to fund government operations through T-bills. Buffet calls Bitcoin a bubble and speculative asset class, but I think that description applies more to our sovereign debt than it does Bitcoin.
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