Warren Buffett said that he would buy Treasuries even if they had no yield. So what good is his opinion if it is that moronic? Maybe senility is catching up with Warren because obviously he cannot be as great of an investor as people think if he says he is willing to buy Treasuries even if they pay zero.
If that is the case, then let’s sell him some special Treasuries. It would really save the American taxpayers a lot of money if Warren Buffett is willing to buy our debt for nothing.
Of course he also said that the Federal government has a printing press. What good is that to our creditors? It is great for the government because it inflates away its liabilities, but it also inflates away the public’s assets, including the assets of Warren Buffett. He is criticizing S&P for missing sub-prime and the housing bubble, but he missed it too. He got it completely wrong. A lot of his companies would have gone bankrupt if the financial institutions weren’t bailed out by the Federal Government.