Thursday, October 20, 2005

Bill Gates Dumps Dollars, Endorses China as Better Place to Invest

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By Elaine Meinel Supkis

At Davos, Switzerland, Bill Gates just gleefully announced he is dumping US currency and will bet on China and the Euro in the future. Patriotism from the World's Richest Man.

From Bloomberg.com:
Bill Gates, whose net worth of $46.6 billion makes him the world's richest person, 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.''
Ain't he charming? Talking street slang? Ol' USA gonna go down! Ho ho. He hated Al Gore. Al Gore was gonna crimp this Crip by preventing Microsoft to be a nasty monopoly. Well, here we are, Microsoft can tromp on whomever it wishes and I don't use Microcrap, myself, if it can be avoided at all.

Grrr.
``It is a bit scary,'' Gates said. ``We're in uncharted territory when the world's reserve currency has so much outstanding debt.''
Tax this man! Tax the rich! They have money! All of them! Tax the Cayman Islands! Tax Swiss bank accounts!
U.S. President George W. Bush is pledging to clamp down on spending to halve the budget deficit -- $427 billion in the 12 months through Sept. 30 -- during his second term. The administration releases its fiscal 2006 budget on Feb. 7.
Hahaha. I kept writing that the real deficit is nearly or probably already over half a trillion this year and it is October! And the press and Bush lied as usual, pretending it "dropped" to a "mere" $345 billion.

I was right! Yipee. As usual.
Gates reflected the views of his friend Warren Buffett, the billionaire investor who has bet against the dollar since 2002. Buffett said last week that the U.S. trade gap will probably further weaken the currency.

``Unless we have a major change in trade policies, I don't see how the dollar avoids going down,'' Buffett said in an interview with CNBC on Jan. 19.

Gates in December joined the board of Berkshire Hathaway Inc., the investment company that Buffett runs. Forbes magazine's list of billionaires ranks Gates, 49, No. 1. Buffett, 74, is second, with more than $30 billion. Almost all of it is in Berkshire stock.

Gates described China as a potential ``change agent'' for the next two decades. ``It's phenomenal,'' Gates said. ``It's a brand new form of capitalism.''

Gates's $27 billion foundation in September received approval from China's foreign-currency regulator to invest as much as $100 million in the nation's yuan shares and bonds.
Incredible. The Chinese "new form of capitalism" is pure 19th century capitalism. And Bill knows this for he is trying to force our nation to become the same thing.

Karl Marx is laughing darkly somewhere. And where is Teddy Roosevelt? He, unlike Bush, could ride horses and fight, too, and he fought his fellow rich people!

Well, looks like wall to wall traitors, doesn't it, today? I wonder if we can arrest all of them. Or the very least, tax them.

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