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Warren Buffett: Inflation on the horizon
media clipping: CNNMoney.com, May 2, 2009 story
May 5, 2009 (version 0.1 @goldminerpulse)

Warren Buffett: Inflation on the horizon
The Berkshire Hathaway chief says policymakers will have to raise money to pay off costly rescue plans - one way or another.

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And with political leaders showing little inclination to raise taxes, one sure way to pay for excess spending is to inflate the value of the currency, Buffett said. The biggest losers in a surge of inflation, he added, would include holders of bonds and other fixed-income assets.

"I haven't had my taxes raised," said Buffett, who has run Berkshire for more than four decades. "My guess is the ultimate price will be paid by a shrinkage of the value of the dollar." (Emphasis added)

The billionaire investor made the comments Saturday morning at the annual meeting of Berkshire Hathaway (BRKA, Fortune 500) shareholders.

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