Gates and Buffett bet against US dollar..

[dbeach]

Their sense of loyalty is only to same bottom line that is money and how to get it out of some one else..
Their loyalty to money is ....{choose the word}

"Bill Gates, World's Richest Man, Bets Against Dollar (Update2)

http://www.bloomberg.com/apps/news?pid=10000103&sid=atQjxQiQeANA&refer=us

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 Jan. 19. "


They worth 30 billion together and not 2 cents in my book.
US soldiers and innocent Iraqis die to create more wealth for the uber wealthy.

[Maat]

1. You know ... I'm going to get flamed ...

but I respect them for making this very important statement. Maybe it will wake the American public up - as to what 51% voted for. We are protecting ourselves. The Bushies have given the proverbial finger to the rest of the World, and, in my humble opinion (IMHO), the rest of the world has a right to come back with a counterpunch. One shouldn't be able to behave that way without consequence (Bush).

[dbeach]

3. Its way past late and when the big boys begin to bail out

the financial castle gets hit by tidal waves..I personally will stash as much bucks as possible in next 2 yrs ...bush will make 1929 stock markey crash look like a candy bar...
Still cannot stand these richest of rich who remain part of the problem...buffet huddles with jr at some secret base after 9/11 in nebraska and nobody asks questions.....

[AndyTiedye]

5. Buffett Was Stumping for Kerry

If he was ever huddling with *, it was probably to try and talk some sense into him.

[Hoping4Change]

11. Your diatribe against Buffett is sorely lacking any factual basis.

Not only has Buffett been a outspoken opponent of tax cuts for the wealthy but he is also leaving his entire fortune when he dies to a philanthropic foundation he established. In an rare interview several years ago on 60 Minutes he said that he has given his children an excellent education and they had very advantage so his fortune will not be going to his kids but to philanthropy.

Nor are the the trappings of wealth what drives him as demonstrated by the fact that his car is something akin to a Buick and he lives in a modest home.

...................

"Warren Buffet, the second richest man in the world, still opposes the Bush tax cut. "In an opinion article in the Washington Post, Buffett, said he already pays about the same income tax rate as his receptionist - about 30 percent. But Buffett said with the planned dividend tax cut, he conceivably could pay a mere 3 percent in income taxes.

Recalling President John F. Kennedy's declaration that Americans should 'pay any price, bear any burden' for the country, Buffett said a 3 percent income tax rate 'seems a bit light.' 'Supporters of making dividends tax free like to paint critics as promoters of class warfare. The fact is, however, their proposal promotes class welfare. For my class,' wrote Buffett, whose wealth is estimated at $36 billion."

http://quinnell.us/society/government/random.html#14

[ixion]

10. I agree, Maat

It's important that people realize the damage that's being done.

[GetTheRightVote]

2. I have been hearing of the weakening dollar from many sources

:kick:

[Maple]

4. They should go broke

for rightwing 'patriotism'??

I certainly wouldn't.

[Maat]

6. I had heard that Buffet, who supported Kerry this past election,

had, at one point, tried to talk get Bush to get real (talk some sense to him). Didn't work, of course. At one point, Jim Wallis, the liberal Christian at Sojourner's (sojo.net), tried to give Bush and BushCo a different perspective. He was shown the door shortly after that.

A friend has a friend who knew Bush. Thiis friend of a friend verified Bush's philosophy of 'you're either with me or against me.' He simply won't listen to a viewpoint that doesn't fit within his rather narrow frame.

[Skittles]

7. GEE - I cannot for the life of me imagine WHY

http://news.ft.com/cms/s/9ef63678-6d7d-11d9-9b69-00000e2511c8.html

[indepat]

8. Warren and Bill have done only what was prudent under the circumstances

[indepat]

9. My IRAs (deferred savings) would have 25%-40% more purchasing power

today absent the fiscal and monetary policies of past 3+ years. I thought about buying/should have bought American eagle gold coins to give some hedge against inflation and a falling dollar, but found out gold coins could be acquired only in lots of 100 and I didn't want to buy that many, but that was a horrendous mistake. Give Bill and Warren credit for having made very sound business decisions for they could see, without any doubt, what would follow and what is yet to follow.

[Chalco]

12. How does one bet against the dollar? nt

[Vinnie From Indy]

14. Buying other currency in lieu of Dollars is one way.

A currency's value, in relation to other currency, fluctuates over time. Sometimes a dollar is worth more or less than a Euro for example. They are betting it will be less and structuring their investments and cash positions accordingly.

[Chalco]

17. So do I go to a brokerage house, or what? nt

[Vinnie From Indy]

13. Buffet Is Not A BushCo. Monkey

Warren Buffet, as far as I know, not a BushCo. supporter. As far as Gates is concerned, he has an undeniable lefty streak in him in regard to his philanthropic efforts. Bill Jr. & Sr. have both publicly called for restrictions to the accumulation of wealth through inheritance. They have both been instrumental in saving untold thousands of lives through The Gates Foundation's Malaria Erradication Program.
.

[MadisonProgressive]

15. Bush seems to be purposefully trying to destroy the US economy

1) Tax cuts for the rich, paid for by DEBT
2) Iraqi war, paid for by DEBT
3) 2 Trillion for SS privatization, paid for by DEBT!!
4) If he does cut any spending, he cuts social programs needed by the non-rich
5) He also proposes eliminating Inheritence tax, and Taxes on dividends, and proposes to pay for them by DEBT!

If he keeps this up much longer we will all be screwed. That seems to be what he's trying for...
:wtf:

[anarchy1999]

16. Watch out. Buffett took this position either last year or year before.

Never had done so in something like 30/40+ years. Big RED FLAG! and now Gates joins the fray. Watch out. Go for gold and silver.