If you felt Bill Gates was a philanthropist before, what say you now?

[Deja Q]

http://quote.bloomberg.com/apps/news?pid=10000103&sid=aO.Rl7JwFWy8&refer=news_index

Excerpt:

``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.''

Gates's concern that widening U.S. budget and trade deficits are undermining the dollar was echoed in Davos by policymakers including European Central Bank President Jean-Claude Trichet and German Chancellor Gerhard Schroeder.

The dollar fell 21 percent against a basket of six major currencies from the start of 2002 to the end of last year. The trade deficit swelled to a record $609.3 billion last year and total U.S. government debt rose 8.7 percent to $7.62 trillion in the past 12 months.

``It is a bit scary,'' Gates said. ``We're in uncharted territory when the world's reserve currency has so much outstanding debt.''


Article has more. :cry:

Oh, this was also said - which should be a stabbing insult into the America's chest: ``The U.S. should take the lead in putting its own house in order,'' Yu said. ``It's the root cause'' of global imbalances. ``China will make its contribution, but the world should not put disproportionate pressure'' on the country.

[liberal43110]

1. January 2005

FYI, this is from January 29, 2005.

[Deja Q]

2. Good catch. But I never saw it and something like that is something I

would NEVER forget.

[drb]

3. He's a smart guy.

He knows how to read the tea leaves.

[OrangeCountyDemocrat]

4. Exactly....He Knows What He's Talking About. I Worry About The $ 2. nt