[Liz]

EXCERPT: One hedge fund manager, who asked not to be named, said: "I have heard that both Soros and Buffett are shorting the dollar. There's a growing belief on Wall Street that the dollar is looking like a one-way bet downwards."

[samtheman]

Good news for the economic recovery in the USA. Weak dollar means more tourism and more exports. More fuel added to the fire of recent high-growth-numbers.

Soros and Buffet are working overtime to re-elect Bush.

Thanks, guys.

[CROSSHIGHWAYMAN]

I hope these anti-American yellow-bellied spineless swine lose BIG TIME!!!!!!!!!

[sharkhawk]

To put it another way. The Dims largest contributors are working to weaken the US economy, to give there puppets something, anything to run against Bush. I mean why would they have any reason to prop up the Euro?
The deficit?
France and Germany have just blown the whole fiscal sanity measures mandated when the Euro replaced their currencies. Their deficits, and national debts as a percentage of GDP, are much greater than that of the US, and with their social security and welfare systems even more out of whack than ours, there is no hope for any recovery
Economic Growth?
No country in Europe, except maybe Ireland and some of the Eastern European nations have a growth rate passing 2%.
Soros and Buffett are doing this for one reason and one reason only. To try to tank the US economy before the 2004 elections, and the Republicans need to get the word out.

[I_Love_My_Husband]

I think since Soros is a citizen of the USA that the President and the BCIS revoke his citizenship and freeze his assets for being Anti-American. You know when you become a citizen of the USA you take an oath to protect the country. He has broken that oath. Therefore he's a traitor.

[E. Pluribus Unum]

Speculators can lose big.

Soros broke would be such a funny sight.

[faithincowboys]

These SOBs are to patriotism what Anna Nicole Smith is to anorexia. They really should be ashamed of themselves.

[CasearianDaoist]

bump

[AndyJackson]

Ok all of you free marketers around here. When you make more of something the price goes which way? Have you paid any attention to what Alan Greenspan has been doing since he became Fed Chairman - that is right - the only the the Federal Reserve can do - print more money. He has printed a lot of it in the last two years. There is no talent required to bet that more dollars will be worth less. The only talent required is the timing of the bet.

[MainFrame65]

To a degree unlike any other, the US government has the capacity to reverse the direction of the currency market anytime it decides to do so. Soros has been able to force other countries to devalue their currencies by his trading practices in the past, but the US is a different matter - he is following instead of leading this time.

But he is betting on US policy, and that can be changed at will. I would love to see him get his lights punched out by such a reversal, even if temporary. And it would serve the policy purpose of warning off such speculators in the future, not a bad result at all.

[Cicero]

It's likely enough. But they couldn't do it if Alan Greenspan hadn't been busy inflating the biggest economic bubble in world history for the past 12 years.

Warren Buffet has large silver holdings, according to published sources. He went in several years ago. He will not try to corner the silver market but has just laid in a pile of metal and mining shares and is sitting on them.

Soros will actively manipulate the situation and try to make it worse, as he did when he broke the pound. But even Soros doesn't have enough money to buck the trend. It's Greenspan who has set this up.

[AmericanMade1776]

IT IS WORSE THAN WE THOUGHT..HILLARY HAS MADE A DEAL WITH THE SOROS DEVIL..

ELECTION 2004
Morris: Clintons replacing Democratic Party
With Howard Dean on rise they fear losing control of purse strings

---

http://worldnetdaily.com/news/article.asp?ARTICLE_ID=35821
Posted: November 25, 2003
5:00 p.m. Eastern



© 2003 WorldNetDaily.com

Fearing Howard Dean is poised to capture the Democratic presidential nomination, Bill and Hillary Clinton are maneuvering to replace the party with a new group called "Americans Coming Together," claims former adviser Dick Morris in a New York Post column.

The group – launched with two $10 million donations from financier George Soros and Peter B. Lewis, chairman of the Progressive Corporation – is one-third of the way toward its goal of raising $94 million to finance a massive campaign against Bush, says Morris, who was President Clinton's chief political strategist during the 1996 campaign.

Hillary Clinton's connection to Americans Coming Together, despite campaign-finance laws, is "paper-thin," said Morris, with Harold Ickes, President Clinton's former deputy chief of staff, working closely with Soros to fund it.

"Ickes is about as independent of Hillary as Bill is," he said. "He is her chief adviser. His photo graces her memoirs. He was her key operative in securing the Senate seat in New York. To pretend that anything he would do is independent of Hillary is like saying that the left hand is independent of the right hand."

Morris believes the Clintons' move to circumvent the Democratic Party is to provide a "lifeboat" for the likelihood that when Dean takes the prize, he will fire their close associate, Terry McAuliffe, and take control of the Democratic National Committee.

"Dean seems destined to win the nomination and with it control of the party," Morris said. "So the Clintons are moving out."

Morris said when that happens, "no longer will its coffers be available to the Clintons to use as their private fund, channeling donations to candidates and causes they favor or that favor them."

So, before the handover, he said, "they are working on stripping the Democratic Party of its central role and giving it to the more pliant Americans Working Together, instead."

The Clintons' attempts to sidetrack Dean have failed, with Wesley Clark's campaign collapsing and John Kerry's campaign staff quitting, Morris said.

He notes the Democratic Party, limited to donations of $2,000 per person by the McCain-Feingold campaign-finance law, has been unable to raise enough hard money for a national campaign.

That means it essentially is ceding its main role to Americans Coming Together, Morris said.

Republicans are raising twice as much as Democrats are in hard money, $158 million to $66.5 million for the Democrats.

Americans Coming Together supposedly is an independent campaign committee, as required by law. But Morris contends Ickes has not honored the boundaries between supposedly independent expenditures and political campaigns required by the Federal Elections Commission.

"I almost fell through the floor of the White House early in 1996 when I attended a meeting chaired by Ickes of representatives of the political action committees of major American labor unions," he said. "Gathered in the Roosevelt Room of the White House, they each recounted their plans for 'independent expenditures' against the Republicans in the coming election campaign. The meeting, quite illegal in many ways, represented exactly the kind of co-ordination forbidden by the campaign-finance laws."

---

[Helms]

Hope you all will vist this:,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,http://www.freerepublic.com/focus/f-news/1029987/posts

[LN2Campy]

Interest rates are being held unnaturally low;
Record high budget and trade deficits
Negative savings rates.

All spell bad news for the dollar.

Should help exports somewhat, but the fact that we rely so much on imported manufactured goods means that costs will necessarily skyrocket to the consumer b/c of currency differential.

Soros cannot on his own tank the dollar -- the bozos in D.C. and at the Fed have done a good enough job of that on their own.

[ex-snook]

Hey Liz. If the dollar tanks, it will only because these guys read the tea leaves. Interest rates at the bottom, government spending out of control, door buster election pandering, record trade deficits, war commitments throughout the world, friendly nations harder to find than WMD, these are not exactly confidence builders on the handling of our economy.

[the invisib1e hand]

keep selling, soros. 'cause when you have to cover, I'm going to be very long.

[SierraWasp]

Please forgive me if this has been posted already, but it mentions the article you posted and in nearly the last paragraph, tries to pooh pooh the whole idea of Soros & Buffet shorting the dollar!

Euro hits record high above $1.20

HSBC forex analysts deem the dollar 'a one-way bet'

By Emily Church & Rachel Koning, CBS.MarketWatch.com Last Update: 3:11 PM ET Nov. 28, 2003

CHICAGO (CBS.MW) -- The dollar retreated against European currencies Friday as concerns over the growing U.S. trade imbalance continued to overshadow recent upbeat U.S. economic numbers.

Dollar selling propelled the euro to a record high above $1.20. The eurozone's single currency was recently up 0.7 percent, at $1.1982 per euro.

The dollar has tumbled as investors fret over the impact of the expanding U.S. current account deficit. Also hitting the currency are global trade tensions, global terrorism threats and stresses caused by anti-U.S. insurgency in Iraq. See David Callaway's latest column.

"No fresh incentives were needed [Friday], as the greenback's failure to rally in the face of a string of robust economic data this week suggests the U.S. dollar is one-way bet," said analysts at HSBC in a research note.

There were no U.S. economic reports scheduled for release Friday. See our Economics and Politics page for the latest U.S. economic data. Most U.S. financial markets were closed, or were closing early Friday for Thanksgiving.

Dollar investors have been nonplussed by a string of strong U.S. economic reports, beginning with bellwether reports on unemployment and GDP issued earlier this month.

"Some suggest that the fact that the U.S. is growing faster than most of the other industrialized countries means that the U.S. current account deficit is likely to grow," the HSBC group added.

Foreign demand for U.S. assets has effectively financed the gap produced by U.S. consumers' seemingly insatiable appetite for foreign-made goods. But that can't continue without posing larger risks to the U.S. and the global economies.

As a result, global analysts have expected and even welcomed a weaker dollar -- so far shouldered by the eurozone -- in order to unwind the U.S. current account deficit. But currency market observers are wary of the risks of a disorderly correction.

"In September, the net purchases of U.S. securities by foreigners totaled $4.2 billion," said David Watt, economist at Canadian bank BMO.

"Even my fuzzy math tells me that this is far below the $1.5 billion a day that the U.S. needs to fund the massive current account deficit," he told clients.

Broad-based dollar weakness

The dollar was also sharply lower against the "safe-haven" Swiss franc, recently falling 0.6 percent at 1.2915 francs. Analysts cited support for the dollar at 1.2828 francs, the multiyear low for the greenback hit in May. The Swiss currency often gains in the wake of geopolitical tensions.

The British pound hit a fresh, five-year high at $1.7201, a gain of 0.4 percent vs. its U.S. rival.

The pound has been strengthening against the dollar since the Bank of England earlier this month raised its benchmark interest rate. The quarter-point rise was the first in more than three years for Britain. For many, the move signaled the end of the downward trend in global interest rates.

The Canadian dollar rose to a new 10-year high on Friday, climbing above 77.2 cents on expectations the latest GDP data would show a stronger pace of growth.

The Canadian currency held the bulk of its gains even as the growth report fell shy of economists' predictions. The U.S. unit was recently down 0.6 percent against its northern neighbor, with one U.S. dollar fetching 1.2988 Canadian dollars.

Canada's economy expanded at a 1.1 percent annual rate in the third quarter, much improved from a 0.7 percent fall in the preceding quarter but about half the expected 2-percent-plus growth rate.

The rally in Canada's currency in the third quarter cut the export advantage to the United States, limiting Canadian production.

Dollar's yen gain continues

The dollar was up against the Japanese yen Friday in a move analysts called "supportive cross currents," given gains for the European currencies. The euro soared 1.3 percent vs. the yen to 131.36 yen

The dollar was last up 0.5 percent at 109.60 yen. The greenback has stabilized against the yen partly on bets Japanese officials will intervene to keep the dollar strong enough to support Japanese exports.

Still, "the dollar appears capped in front of 110 yen," the HSBC analysts wrote.

In a potentially brighter development for global trade, the European Union has decided it won't impose retaliatory tariffs on U.S. exports before Dec. 15.

The dollar has been hounded in recent weeks by concerns that a disruption to global trade would hurt dollar flows, in particular, among the major world currencies, or that U.S. protectionism might jeopardize an economic recovery.

Citing World Trade Organization officials in Geneva, the Associated Press reported that the EU, along with Japan and Norway, agreed to delay any imposition of import duties on U.S. goods from the previous deadline of Dec. 6.

In all, tariffs of more than $2.2 billion could be slapped on U.S. exports over Washington's decision to impose duties on steel imports. The Bush administration continues to study whether to maintain, phase out or end the steel tariffs.

Meanwhile, currency observers pooh-poohed a U.K. newspaper report that attributed the most recent round of dollar weakness to speculation that U.S. billionaire investors Warren Buffett and George Soros are short the dollar -- that is, effectively betting the dollar will decline.

"You'd expect them to be short because everyone else is. We'd be surprised if they weren't," said Paul Bednarczyk, currencies strategist at 4Cast, a London consultancy.

Amid the latest currency turbulence, U.S. stocks traded in a narrow range but ended higher in a shortened post-holiday trading session.

[Grampa Dave]

Good old George $oreA$$.

He tried to bust the $ with the Euro before and during the first part of the Iraqi war.

So now he is using the pound. If this backfires, the pound might get hurt.

Notice how not a single Rat candidate for president has condemned George SoreA$$ for these actions.

Buffet is another super rich member of the lunatic left's most evil and vile group.

Notice how ABCNNBCBS anchors haven't pointed out what George $oreA$$/Buffet is trying to do to America?

Notice how the NY Slime, LA Slimes, Washington Compost or USSAR today have condemned these vile actions of George $oreA$$/Buffet?

[The Wizard]

Unintented consquences department

driving the dollar down will stimulate the sales of American products here and abroad, including travel HERE......thanks guys....in 6 months the US economy already the strongest in the world, will be screaming and the dollar will rise......buy'em now folks, while these fools are selling short, at a loss......

[Grampa Dave]

One of the easiest way people can hit back at Buffet is to cancel their auto insurance with Geico and stop buying any Fruit of the Loom products.

Just don't buy Progressive Insurance. Their CEO/main owner is in bed with $oreA$$, Buffet and ? fill the blank with your favorite super rich Lunatic evil lib.