Warren Buffett Is Pulling Back. What Does He See?

As markets push higher, some of the most experienced voices in finance are quietly sounding the alarm — not about a crash tomorrow, but about confidence.

In this episode of The Secret War on Cash, hosts Dean Heskin and Chris Agelastos break down why respected market strategist Tom Lee is warning that 2026 could begin to resemble a bear market, driven by volatility, over-concentration, and weakening trust in the system.

They also examine why Warren Buffett has been steadily reducing major positions, including Apple and Bank of America. These aren’t emotional decisions — they’re calculated moves from one of history’s most patient investors. When Buffett steps back, it’s worth asking why.

Dean explains the real risk markets face isn’t bad headlines — it’s what happens when confidence fades, just as it did during the dot-com era. But today’s environment is even more complex, because confidence isn’t only tied to stocks anymore… it’s tied to the U.S. dollar itself.

With rising debt, expanding deficits, AI-driven speculation, and growing questions about fiat currency stability, this episode explores what happens if trust weakens across multiple pillars of the financial system at once.
That’s why Dean and Chris discuss the importance of diversification into tangible assets like gold and silver — assets that don’t rely on confidence in markets, governments, or central banks to hold value.

This episode is brought to you by Swiss America, helping Americans protect their wealth with gold, silver, and tangible assets in times of economic uncertainty.

💰 Swiss America Resources
📍 Visit Swiss America: https://www.swissamerica.com/rumble
📞 Free Newsletter — The Secret War on Cash: (800) 289-2646

Follow Swiss America:
🔗 Facebook — https://www.facebook.com/swissamerica/
🔗 X — @Swiss_America
🔗 LinkedIn — https://www.linkedin.com/company/swiss-america-trading-corp./

Articles referenced in this podcast:
Longtime Bull Tom Lee Issues Warning, Says 2026 May ‘Look Like a Bear Market’ – Here’s His New Forecast
https://dailyhodl.com/2025/12/12/longtime-bull-tom-lee-issues-warning-says-2026-may-look-like-a-bear-market-heres-his-new-forecast/
Billionaire Warren Buffett Dumps $11,400,000,000 Stake in Two Assets As Legendary Berkshire CEO Prepares to ‘Go Quiet’
https://dailyhodl.com/2025/12/11/billionaire-warren-buffett-dumps-11400000000-stake-in-two-assets-as-legendary-berkshire-ceo-prepares-to-go-quiet/