Why does Bill Gates hate America?
Bill Gates, World's Richest Man, Bets Against Dollar
Bill Gates, the world's richest person with a net worth of $46.6 billion, is betting against the U.S. dollar.Sounds like some goddamn "surrender monkey" to me! How dare he stand against America/Freedom/Democracy/Bush Co/etc.,!
"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."
Doesn't he know that he's just aiding the terrorists?
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.See folks, Companies have no loyalty to nationality an the Über–wealthy can jump where ever and whenever they want. And they will.
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."
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.
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.
Who is really watching out for you? (hint: it aint that jackass O'Reilly)