Posted on 01/30/2005 8:37:49 AM PST by venizelos
Do you believe in coincidences? I don't. Former CIA division chief David Atlee Philips once said, "The intelligence profession does not exactly condition one to accept coincidence as an explanation for a sequence of events." The same can be said of blogging. When a bevy of public figures all begins reading from the same script at the same time, the alert blogger takes note. Consider the following. On January 19, leftwing billionaire Warren Buffett told CNBC, "Unless we have a major change in trade policies, I don't see how the dollar avoids going down." Well, we've all heard that before. Buffett's position is hardly new. He has repeatedly announced that he is "shorting" the dollar – that is, betting against the dollar in global markets – since at least 2002. George Soros has been shorting the U.S. greenback since at least 2001. Moreover – like Buffett – Soros has announced his anti-dollar position repeatedly in the media. These frequent public announcements on the part of Soros and Buffett appear to be aimed at encouraging other investors to follow their example. Microsoft chairman Bill Gates has now joined the anti-dollar crusade. "I'm short the dollar," Gates told PBS interviewer Charlie Rose on January 29. "The 'ol dollar, it's gonna go down." Gates is betting instead on the Chinese yuan. In September, he received permission from the Chinese government to invest $100 million in yuan shares and bonds. Gates praises China as a "change agent" in the world. "It's phenomenal. It's a brand new form of capitalism," he enthuses. Not to be left out of the feeding frenzy, Senator Hillary Rodham Clinton has also been spotted swimming with the short-dollar shark pack. In a statement that appears to serve no conceivable purpose other than to help the Gates-Buffett-Soros axis persuade more investors to join their "short-the-dollar" campaign, Hillary stunned an audience of Brandeis University alumni in Florida on January 24, 2005 when she said, "[T]he economy may be on the brink of collapse... I think the economy is standing on a trap door, and I don't know that we necessarily hold the levers." The Lessons of History If these machinations leave some readers befuddled, a review of recent history might prove clarifying. Remember that George Soros famously broke the Bank of England in 1992, forcing a devaluation of the British pound. He also helped trigger the "Asian flu" – a general collapse of Asian markets in 1997 – by shorting the Thai baht and the Malaysian ringgit. One year later, Soros called for a devaluation of the Russian ruble in the Financial Times of London, thus kicking off a wave of panic selling that forced the Russian treasury into default. In the wake of these disasters, Soros penned his 1998 manifesto The Crisis of Global Capitalism, in which he called for a new world order whose socialist central planners would restrain the destructive impulses of global investors such as himself. As if on cue, The New York Times of November 14, 1998 reported that, in response to the growing worldwide recession – for which, I remind my dear readers, Soros was largely responsible – President "Clinton has proposed a `third way' between capitalism and socialism." Most Americans were too distracted by the Monica Lewinsky scandal to notice that their president had just announced in The New York Times that he was prepared to give up on capitalism. Whatever specific measures the Clintons had in mind, however, they never got a chance to implement them. Much to the surprise of George Soros and other Wall Street Cassandras, the U.S. economy proved resilient. The recession only made us stronger. Frightened investors from many nations poured their money into US assets, transforming America into an isle of prosperity amid the economic storm. The crisis passed with no further talk of jettisoning capitalism - at least for the time being. But now the Cassandras are wailing again. This time their attacks zero in directly on the US dollar. What does it mean? Can we expect another book from George Soros? Will the Third Way rear its ugly head once more? In an ironic historical aside, it should be noted that Colonels Qiao Liang and Wang Xiangsui of the Chinese People's Liberation Army cast a harsh judgment on Soros' activities. In a little-noticed chapter of their 1999 military classic Unrestricted Warfare, they bluntly labeled Soros a "financial terrorist." Now that Soros and his minions appear to be helping China, I wonder if Colonels Quiao Liang and Wang Xiangsui have revised their opinion of him.
Good post, veni.
Interesting.
Soros is the principle threat to freedom in this country.
RICO!
I'm not going to go into detail on the article, but if it's true, they need to be charged.
bump
With the trade deficit soo high, I don't know if there's a better alternative than a weak dollar.
I think the US Govt., in the name of National Security, ought to relieve the esteemed Mr. Soros of the burdan of a substantial amount of his net worth.
Just remember where George Soros placed his money in the last election campaign and remember that rich people like Soros dont do anything for nothing.
I dont know what Soros had in mind but I bet John Kerry does. Soros is an international monetary Pirate and Hillary is his Ann Bonney.
BUMP!
I suspected something like this for a long time.
Just proves that old adage:"Just because you are paranoid, it doesn't mean there's not someone out there plotting against you."
Bump!
Let them....their pitiful attempts betray only the size of their egos...the US is an idea far bigger than any of these mental pygmies can comprehend..you short the US at your peril.
Now gosh darnit I'm getting confused. I thought it was GW Bush, Big Oil, the Bilderbergers and Zionists that ran everything. Now its George Soros and company.
I'm going to have to trade in all my tinfoil for a new updated set tuned to the newer frequencies I guess.
The yuan is fixed to the USD. If the USD is a downer relative to other currencies, so is the yuan and so is Gates $100M. The only way this investment makes sense is in future anticipation of the unpegging of the yuan.
I wonder what the pro-MSFT Freepers think about Gates talking down the dollar.
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