Bill Gates Is Betting Against the US Dollar
"I'm short the dollar," Mr. Gates, chairman of Redmond, Wash.-based Microsoft Corp., said during an interview at the World Economic Forum in Davos, Switzerland. "The ol' dollar, it's gonna go down."
"It is a bit scary," Mr. Gates said. "We're in uncharted territory when the world's reserve currency has so much outstanding debt." [And climbing, thanks to Dubya]
The U.S. budget shortfall is "the No. 1 risk, disregarding geopolitical risks" to the global economy, German deputy finance minister Caio Koch-Weser said in a Jan. 27 interview in Davos. [Regarding geopolitical risk, Dubya is also No. 1]
"The U.S. should take the lead in putting its own house in order," Chinese central bank adviser Yu Yongding said. "It's the root cause" of global imbalances. [Imbalance is the word, alright.]
Attribution
"It is a bit scary," Mr. Gates said. "We're in uncharted territory when the world's reserve currency has so much outstanding debt." [And climbing, thanks to Dubya]
The U.S. budget shortfall is "the No. 1 risk, disregarding geopolitical risks" to the global economy, German deputy finance minister Caio Koch-Weser said in a Jan. 27 interview in Davos. [Regarding geopolitical risk, Dubya is also No. 1]
"The U.S. should take the lead in putting its own house in order," Chinese central bank adviser Yu Yongding said. "It's the root cause" of global imbalances. [Imbalance is the word, alright.]
Attribution
posted by S. Paine at 4:20 PM
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