Big Al wrote:

"Tempest" <tempest@hotmail.com> wrote in message
news:424CD485.5070404@hotmail.com...

D@vid wrote:

Jan. 29 (Bloomberg) -- Bill Gates, the world's richest person with a net
worth of $46.6 billion, is betting against the U.S. dollar.
``I'm short the dollar,'' Gates, chairman of Microsoft Corp., told
Charlie
Rose in an interview late yesterday at the World Economic Forum in
Davos,
Switzerland. ``The ol' dollar, it's gonna go down.''

So has Warren Buffett.

And Goldman Sachs.

I've been betting against it too in my own way. I have been investing in
companies based outside the US (mainly Canada and Australia) that have
oil, gas and mineral resources. Sometimes you just have to take what the
market gives you. Right now, we have a clueless moron for a president,
51% of the electorate brain dead, record levels of debt, and a foreign
policy team doing their best to ***** off the rest of the world that holds
our debt. Meanwhile, we are facing peak oil (probably already passed peak
light, easy to refine oil as all the spare capacity that Saudi Arabia has
is the heavy, hard to refine oil) and most of the countries that produce
that oil don't like us much. Well, winter is over, no hurricanes in the
gulf, relative stability in the producing countries (meaning no strikes,
coups, or major terrorist attacks in the last 6 months), demand should be
dropping as there isn't much need for heating or cooling right now (and
the driving season is still 2 months off) and oil is well north of
$50/barrel. I've said it before, it will get a hell of a lot worse before
it gets any better and Bush couldn't buy a clue if you spotted him the C,
L and E.

I was ahead of the curve.

I sold my stock in early 2001 and invested it all in gold futures. I
learned from the Reagan administration.

My investment has more than doubled in just over four years.

"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:3hip41p5ma68qcdr2v302k1jhtqlnk0imp@4ax.com...

From The Inquirer, 3/31/05:

http://www.theinquirer.net/?article=22247

Dollar "catastrophe" prompts call to replace George W Bush

US unable to repay $7 trillion in loans, claim

By INQUIRER staff: Thursday 31 March 2005

THE FORMER prime minister of Malaysia, Mahathir Mohamad, has launched
into a swingeing attack on US president George W. Bush and warned that
the global economy was heading for a catastrophe with the dollar in
danger of imminent collapse.

Mahathir claimed that the only reason the US dollar was keeping its
value was because of a widespread fear of global meltdown it it
collapsed.

According to a report in today's Taipei Times, the only way to avert
such a meltdown in the value of the US dollar was if the Americans
replaced George W. Bush with a "more responsible president".

Replacing US presidents isn't that simple, we suspect.

The former prime minister suggested one answer to the impending doom
was to switch from dollars to a gold standard for international trade.

Companies should start demanding that payments be made in Euros, or
that US dollar payments should be at the Euro rate.

A dollar catastrophe was inevitable because the USA was unable to
repay loans which Mahathir estimated amounted to $7 trillion.

________________________________________________________________

Harry

--
"Ignorance is an evil weed, which dictators may cultivate among their
dupes, but which no democracy can afford among its citizens."
- William H. Beveridge, 1944

--
"Ignorance is an evil weed, which dictators may cultivate among their
dupes, but which no democracy can afford among its citizens."
- William H. Beveridge, 1944