Buffett issued a heavy warning: Governments around the world essentially have a tendency to devalue their currencies, and he is particularly concerned about the current policies in the United States.

History has long proven this point - in the past, value was quietly diluted by "cutting coins", and now it is directly done by turning on the printing press. This is not a problem with politicians, but a natural impulse of government operations, which ultimately only makes money increasingly worthless. The current fiscal situation in the United States is indeed distressing, with national debt exceeding 38 trillion dollars, perennial high deficits, and interest payments nearly catching up to the defense budget. The only solution seems to be to keep printing money, which Buffett sees as "pushing currency towards the abyss."

His actions are more persuasive than his words: Berkshire did not exchange dollars for yen, but instead borrowed yen at low Japanese interest rates to make significant investments in high-quality assets like Japan's five major trading companies, hedging against the risk of dollar depreciation while securing stable returns. This unflappable investment master is actually using actions to hedge against the potential risks of the dollar.

After all, his money is real gold and silver, and so is the money in our hands. Behind his layout is actually the most practical consideration of currency value.

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