Warren Buffett: America is on the Verge of ‘Economic War’ (RARE New Interview)
Mar 27, 2025
The US stock market has fallen into correction territory and Warren Buffett is warning that this could just be the beginning. Buffett broke his silence and had harsh words for what lies ahead for the economy and stock market. For the first time in years, Buffett gave a publicly available interview. He used this interview to give a warning about the potentially devastating impacts of tariffs and how this could lead to full out economic war. Take a listen to what Buffett had to say. For a word that has gotten thrown around so much, very few people actually really know what tariffs are and how they function.So just how exactly do tariffs work? Well, a tariff is simply a tax applied to a country’s imports. Imports being things brought into a country that were manufactured elsewhere. To demonstrate how this works in action, let’s use the United States and Mexico as the trading partners and the example of a car. The US auto industry is an extremely competitive industry. Auto manufacturers have average profit margins of just 3-5% over the long term. Put another way, for every 100 dollars in sales an auto company has, only 3 to 5 dollars of that turns into profit. A big driver of this is that the industry is notoriously price competitive. Understandably, consumers want the best possible vehicle at the lowest possible price. As a result, a significant part of the auto supply chain is outside the United States. This dynamic has led the auto industry to be front and center in the tariff discussion
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
canisgallicus 