The 80-year-old investor issued the grave warning during a recent. He also cautioned the US dollar's global dominance is under threat, and higher interest rates will be necessary to rein in soaring prices.
2."We should always be concerned about Washington. They don't have a clue what they're doing. And they prove it day in and day out." 4."Interest rates are going to go higher worldwide. I don't know how high they have to go to kill inflation this time around. The world has never seen the debt and the spending and the money printing like in the last few years. So something is going to have to be very, very ruinous to solve this problem this time."
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