Posted on 02/17/2005 4:26:10 PM PST by Golden Eagle
Bill Gates is betting on America's decline and putting his money on China's rise. Or so the Microsoft founder seemed to say last month at the World Economic Forum held in Davos, Switzerland. "I'm short the dollar," he said. "The ol' dollar is going down." At the same meeting, Gates linked his pessimism about the United States to optimism about China. He commended China as the great "change agent" in the world over the next 20 years and praised its "brand-new form of capitalism."
Gates isn't the only titan talking down the dollar and linking it to America's decline. Warren Buffett, Gates' friend and the world's second-richest man, has been bad-mouthing America's financial house and currency for two years. A panic in the greenback could conceivably net both men more than the cumulative lifetime earnings of thousands of their U.S. workers.
If the dollar drops like a rock, the greenback could well lose its prized place as the world's reserve currency. The dollar's special status gives it extra value around the world. Billionaires who talk the dollar down may ultimately cause harm to U.S. workers that far outweighs the growing trend to ship jobs abroad or outsource production to foreign companies. They risk America's global political clout.
(Excerpt) Read more at news.yahoo.com ...
It's past time people woke up to the music.
RE: Bill Gates is betting on America's decline and putting his money on China's rise.
1. Confiscate passport.
2. Destroy passport.
3. One way ticket, Seattle to Beijing.
While Gates is obviously bringing much deserved criticism on himself, he's late to the China party. Other "Americans" have been selling us out for there for quite a while. Finally, maybe, hopefully, real Americans are starting to pay attention.
All hail Gates and his "new" capitalism, i.e. slavery.
That sonofabit$$. He made his billions here and now he wants to destroy it. I had to step outside to cool off when I read that. Take his passport? You're to kind to that weasel.
Bill Gates: Living proof that their is no correlation between money and honor. Guess it has all gone to his head.
I plan to "short" Microsoft.
Can you please flesh that out? You approve of this?
You forgot the /sarcasm tag. It is sickening to refer to the Chicom operation as capitalism, though, isn't it. But fact is, US businessmen are falling all over one another to play in their pit over there, a pit fully owned and operated by the Chicom government. Can you imagine how Reagan would have treated US businesses wanting to shack up with the Soviets? I can, and I see nothing like it going on right now.
In the long run, talking down the dollar would be meaningless unless there was something to the talk. If there is, blaming them is pointless.
Isnt that how the Hungarian born socialist scumbag George Soros made all of his money, by talking down currencies in certain countries? After all, he was indicted for it in France.
A fool is born everyday.
You can't trust any figures coming out of China.
http://www.tothepointnews.com/article.php?id=273&i=8c2a56c1fbfbd12d4e5861de2815b242
and
http://www.tothepointnews.com/article.php?id=608&i=8c2a56c1fbfbd12d4e5861de2815b242
I'm sure that's what the British thought before Soros drove the British pound into the ground.
Anyone who wants to read a good treatment of this phenomenon should read Who Are We? by Samuel Huntington. The mega elite of this country are becoming more and more transnational, caring little about where they actually started out. Hence the corporate support for every open border initiative they can think of.
If Bill Gates is short the dollar and announcing it publicly, it is almost certain that we are in for a sustained dollar rally.
I disagree. Gates and Buffet are the two wealthiest Americans. The Walton family are some of the wealthiest Americans. Huge US corporations are abandoning investment in the US, and instead investing in China. It's infested everywhere, even FR. I saw a poster here not long ago recommening "the china fund". Said he was making a killing. Unfortunately, there will be a price to pay. At this rate, before this generation is gone.
I totally agree. Unfortunately, things are going to get worse, before they even stand a chance to get better. From today:
Dollar Falls as Greenspan Fails to Allay Concern About Deficit
This must be a misprint for "Japan". Oh, no, silly me -- that was 15 years ago.
This is the remark I was looking for. If you had not made it, I would have.
Nitwit talk like this is a sure portent of a rally. I hope Gates has shorted the Dollar big time. His short covering will help the rally along.
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