“Confidence is key. You're not going to leave your money with me unless you're confident I'm going to give it back to you. And at this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.” PeopleWantGivingFactsNextWeekKeysPercentBillsSevenTreasuryNext WeekSeven DaysTreasury BillConfidence Is Key Author:Howard Warren Buffett
“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.” WorldMeanLittlesLongTwoCountryRunningPiecesProducePercentTradeBillsSellsBillionsBuyingGoodsAssetsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.And it reflects American's consumption ideas rather than its savings ideas.” MeanIdeasPercentBillsBillionsSavingBuyingGoodsConsumptionSavingsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.” MeanCountryWholePercentBillsSevenBillionsYieldTreasurySeven DaysMattressesTreasury Bill Author:Warren Buffett
“At this point, when treasury bills, seven day treasury bills at 1/20th of one percent, it's not because people want to earn 1/20th of one percent, it's because they trust the fact the treasury will give it back to them next week.” PeopleWantGivingFactsNextWeekPercentBillsSevenTreasuryNext WeekSeven DaysTreasury Bill Author:Warren Buffett
“We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.” IfsNeedsYearsMeanStatesUnitedUnited StatesPercentResourcesSpendingMaking MoneyAssetsBorrowingTreasurySpending MoneyBorrowing Money Author:Warren Buffett
“Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.” WorldLittlesPiecesReturnPaperPercentBillsBillionsBuyingGoodsConsumingTreasuryGoods And ServicesTreasury Bill Author:Warren Buffett