peter buffett is the author of "life is what you make it." peter, it is great to have you on the program. >> thanks. great to be here. >> thank you so much for joining us. >> sure. >> so your dad is warren buffett? >> yes. >> the third wealthiest person in the world, worth $47 billion. >> but who is counting. >> but who is counting, right. forbes and fortune. he is still lives in the house in omaha where you grew up. >> that's right. when i go home i sleep in my bedroom. >> oh my goodness. what was your life like? >> incredibly normal. i live two blocks from where my mother grew up. i would walk down to see my grandparents. i walked to public school. i had the same english teacher my mother had. it just goes on and on. the house still doesn't have a fence around it. so it was a very typical american upbringing. >> but was there a moment in time when you figured out wow, my dad is a very wealthy man. we're a wealthy family. did that change you? how did that impact you? it's got to be hard to absorb that as a kid. >> the funny thing is and i'm

peter schiff says often the u.s. is the caboose that's holding the rest of the world economy back and the the world was a cut. loose of the caboose the u.s. dollar even warren buffett was in europe trying to buy into euro and other denominated assets with nobody wants to sell him because they realize the dollar is a dire guernsey actually drone booth head of research to ask more investment management in london in this article in bloomberg says chinese policymakers want to be seen as a stabilizing factor they want to become a reserve currency and they will become a reserve currency so this is the one story that you and i have been talking about since the beginning of this fear is that something to look for for two thousand and ten is the currency war that's right that was a major theme we identified at the beginning of the year currency wars as the global economy has shifted out of manufacturing and away from. export import and judging each other's currency based on things like trade balance and savings rates and has moved into a purely financial ization type of economy where it's algorithmic trading computer trading robot trading to go with drone you know it's a fa