When Warren Buffett, the Sage of Omaha, speaks, people tend to listen. If you’re the filthy rich founder and CEO of the Berkshire Hathaway Company, things like that happen. While speaking to Fortune Magazine recently, Buffett voiced his concern that the purchasing power of the dollar may fall as politicians try to figure out how to pay for the Treasury’s $700 billion Troubled Asset Relief Program and the $787 billion fiscal stimulus program passed by Congress.
Buffett pointed out that since policymakers have yet to float balloons about raising taxes, they must plan on dealing with it by devaluing the currency. In the event of a more severe currency devaluation, investors hardest hit will be those holding fixed-income assets like bonds.
These pointed comments by Buffett illustrate exactly why we at Empowered Investor Network are hardcore believers in investing in real estate the right way. The right way allows you to buy property with present day dollars but pay it off with future, lesser value dollars. If you don’t understand exactly how this works, please refer to our website www.JasonHartman.com and sign up to receive our free Creating Wealth CD. This is a great starter course on how to begin your real estate investing career. An even faster way is to call one of our investment counselors at 714-820-4200 and ask them to talk to you about The Complete Solution For Real Estate Investors™.
Flickr / Fortune Live Media
