Comments on: Bill Gates to America: The Dollar Sucks, Screw it! http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/ General interest observations and true web-log. Thu, 18 Mar 2010 09:53:37 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Marcus http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-710794 Marcus Tue, 17 Jul 2007 16:06:55 +0000 http://www.dvorak.org/blog/?p=1245#comment-710794 When the EU countries started to use the Euro, the one dollar was 1.06 euros. Now one dollar gives you 0.72 euros. What has happened? When the EU countries started to use the Euro, the one dollar was 1.06 euros. Now one dollar gives you 0.72 euros. What has happened?

]]> By: Schaun http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-93754 Schaun Fri, 10 Feb 2006 22:47:02 +0000 http://www.dvorak.org/blog/?p=1245#comment-93754 Does it realy matter who they voted for if the have been avoiding taxes by puting their bussness in forein countries. If they were TRUE Americans they would have kept there buisness here, with american workers. Buffet and Gates talk about how the US dollar is "goin down" because of "the government" and jobs being placed outside this country! HELLOOO!!:o A large majority of Gates buisness are outside the borders of the US?! ring any bells?! The point is that for the dollar not to fail its going to take more that one bandaid or chunk of ductape. #1. We need to get the UN and other european countries to take on some of the cost of the Iraq war. As much as Bush, not the pepole, was wrong in Iraq, the US has been their to carry the world on its back time and time again. plus I beleive that this was a UN problem in the first place. #2. We need to get a handle on the "WAR PROFITING" oil industry in this country. Hell the government sued Howard Hues for spending too much on an airplane, That he himself sunk millions of his own money into in the mid 1940's and did build and deliver, calling him a war profiteer. So what about ExxonMoble 20 BILLION usd in 6 MIONTHS! Geezz, This is the same corporation who spilled a few million gallons of raw crude oil all over 700 miles Alskan Coast line and then said "well we shouldnt have to pay to clean it all up" and they never did. Go to Alaska and you will still find remnence of the Valldez on the coast line in sertain areas. I have the solution to the price gouging by opec, Iran, or any other country with high oil prices. We , the US, use over 52% of the worlds oil. So if we stoped buying mid-east oil for 1-2 or 3 weeks , using only our reserve, these countrys would see substantial profit losses and would HAVE to talk price cuts. My point is that Gates and Buffet are helping the dollar to de-valuate by puting their bussness in other countrys to avoid taxes same as the oil industry! Does it realy matter who they voted for if the have been avoiding taxes by puting their bussness in forein countries.
If they were TRUE Americans they would have kept there buisness here, with american workers. Buffet and Gates talk about how the US dollar is “goin down” because of “the government” and jobs being placed outside this country! HELLOOO!!:o A large majority of Gates buisness are outside the borders of the US?! ring any bells?!
The point is that for the dollar not to fail its going to take more that one bandaid or chunk of ductape.
#1. We need to get the UN and other european countries to take on some of the cost of the Iraq war. As much as Bush, not the pepole, was wrong in Iraq, the US has been their to carry the world on its back time and time again. plus I beleive that this was a UN problem in the first place.
#2. We need to get a handle on the “WAR PROFITING” oil industry in this country. Hell the government sued Howard Hues for spending too much on an airplane, That he himself sunk millions of his own money into in the mid 1940’s and did build and deliver, calling him a war profiteer. So what about ExxonMoble 20 BILLION usd in 6 MIONTHS!
Geezz, This is the same corporation who spilled a few million gallons of raw crude oil all over 700 miles Alskan Coast line and then said “well we shouldnt have to pay to clean it all up” and they never did. Go to Alaska and you will still find remnence of the Valldez on the coast line in sertain areas.
I have the solution to the price gouging by opec, Iran, or any other country with high oil prices. We , the US, use over 52% of the worlds oil. So if we stoped buying mid-east oil for 1-2 or 3 weeks , using only our reserve, these countrys would see substantial profit losses and would HAVE to talk price cuts.
My point is that Gates and Buffet are helping the dollar to de-valuate
by puting their bussness in other countrys to avoid taxes same as the oil industry!

]]> By: jim http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-65146 jim Mon, 22 Aug 2005 01:02:15 +0000 http://www.dvorak.org/blog/?p=1245#comment-65146 um guys. buffett and gates voted for kerry, not bush. please do a tiny bit of research. um guys. buffett and gates voted for kerry, not bush. please do a tiny bit of research.

]]> By: carrierj1 http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-47415 carrierj1 Fri, 24 Jun 2005 07:22:18 +0000 http://www.dvorak.org/blog/?p=1245#comment-47415 I think that it's actually more expensive to buy a house in Germany than it is here due to their lack of land. The main difference between Germany and here, however, is that their quality of life is on a whole different level than Americans. I'll say that with all the stress we as Americans take on living everyday life, the average middle class American enjoys life less than a German waitress. They don't work crazy hours. They have the things that they need to survive, like healthcare, taken care of.when they go on vacation they actually take real vacations instead of staying at home watching tv a week, crime isn't all over the place, they don't have a drug problem, they don't have a teenage pregnacy problem, etc, etc. This is due to a culture that cares about how the country as a whole is doing as opposed to America where all anyone cares about is themselves. Everything we do is individualistic and then we talk about "country". I think that it’s actually more expensive to buy a house in Germany than it is here due to their lack of land. The main difference between Germany and here, however, is that their quality of life is on a whole different level than Americans. I’ll say that with all the stress we as Americans take on living everyday life, the average middle class American enjoys life less than a German waitress. They don’t work crazy hours. They have the things that they need to survive, like healthcare, taken care of.when they go on vacation they actually take real vacations instead of staying at home watching tv a week, crime isn’t all over the place, they don’t have a drug problem, they don’t have a teenage pregnacy problem, etc, etc. This is due to a culture that cares about how the country as a whole is doing as opposed to America where all anyone cares about is themselves. Everything we do is individualistic and then we talk about “country”.

]]> By: thomas riccardo http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-18724 thomas riccardo Mon, 21 Mar 2005 13:13:32 +0000 http://www.dvorak.org/blog/?p=1245#comment-18724 The U.S. dollar is in Danger of falling further not because of Bill Gates or Warren Buffet but because at the end of this year we will have a 800 billion dollar Current Account Gap with outside countries, China, Europe and Japan. We have a 650 billion dollar Governmental debt If you count the raids on the Trust funds. Half the Governmental debt is owned my foreigners so say 300 billion+800 billion= 1.1 trillion Dollars owed to foreigners this year and the numbers could get worse. We export 9 percent of the world's goods, we import 18 percent. On a PPP GDP basis we make up 18 percent of the world's economy, the U.S. has total private and public debts of over 40 trillion dollars not including any liabilities in the S.S., medicare, or other trust funds which also will add many trillions more, especially Medicare. Why do we have this overinflated view of ourselves? When It comes to new jobs 8 out of 10 are low wage service jobs. We have the most expensive higer educational system in the world, we do not have a national trade education system such as Germany or Canada. 70 percent of the population cannot compete on a Global scale. We have the most expensive health system in the world with 45 million with no coverage and over 100 million with inadequate coverage. Most expensive prescription drugs in the world. What costs a customer $100 dollars in the U.S. maybe $12.00 in Germany when buying drugs. Milk $2.20 in Germany, $3.50 in the U.S. Groceries overall in Germany are about a third less then the U.S. My friend in Germany pays about $26.00 Euros a month for electricity for a thousand square foot flat. Land taxes are $200.00 per year Heating in the winter time she spends $30.00 per month on Gas She bought her flat in downstown Essen for $97,000 Euros, house appreciation in Germany is around 4 percent per year. In the U.S. now It is 20 percent per year. I guess If you want to make the arguement that the U.S. housing is a better investment, sell your house when you think It is time and take the money outside of the country because when you go to buy another house or property the money you made would go back into buying new digs. Stick it in the bank and it will depreciate because of the high inflation and low interest that the bank would give you. The only thing I see more expensive in Germany was the Gasoline The Inflation rate is out of control. Most European, Australians and a few others recieve 6 to 8 weeks vacation per year. To pull a tooth in the U.S. Cost-$150.00 Germany-$0 Healthcare costs per GDP Germany-9.8 % U.S.- 15% University costs Germany-free U.S.- over $20,000 per year Heating costs Germany- $30.00 per month U.S.- 250.00 per month Electricity Germany -26.00 per month U.S. average-120 per month Gini -index Rich-poor gap Germany-about 30 U.S.-46 and rising Average ceo pay Germany- 42 times worker salary U.S.-approaching 1,000 times average worker salary Export trade: Germany- 1 trillion dollars in exports U.S. - 750 billion Current account: Germany- big surplus U.S.- 800 billion deficit Wealth creation: U.S. one dollar in profit but 5 new dollars in debt, the ratio should be 2 to 1 not 5 to 1 The rich are leaving the country because It is overinflated and we nolonger are a manufacturing country which is where much of the real wealth has always been made along with mining and farming. I would think that people should know these things but sometime they do not unfortunately. One could say that Germany has high unemployment and yes because of the eastern side that is true but so does the U.S. 18 to 65 year old work ratio the U.S. has about 62 percent of the folks in the workforce, Germany is around 56 percent but the European Union as a whole has 64 percent of their 18 to 65 years old people in the workforce officially. You cannot inflate yourself to prosperity, excess credit and money creation only inflates asset class prices/inflation. You must either, design, engineer, manufacture, grow crops/cattle or mine minerals to have a high value added economy. Walmart jobs do not do that, they pay $7.00 an hour and that is the biggest employer in the u.s. at present. Stores and restuarants are not high value added jobs nor very productive. The U.S. dollar is in Danger of falling further not because of Bill Gates or Warren Buffet but because at the end of this year we will have a 800 billion dollar Current Account Gap with outside countries, China, Europe and Japan.
We have a 650 billion dollar Governmental debt If you count the raids on the Trust funds.
Half the Governmental debt is owned my foreigners so say 300 billion+800 billion= 1.1 trillion Dollars owed to foreigners this year and the numbers could get worse.
We export 9 percent of the world’s goods, we import 18 percent.
On a PPP GDP basis we make up 18 percent of the world’s economy, the U.S. has total private and public debts of over 40 trillion dollars not including any liabilities in the S.S., medicare, or other trust funds which also will add many trillions more, especially Medicare.
Why do we have this overinflated view of ourselves?
When It comes to new jobs 8 out of 10 are low wage service jobs.
We have the most expensive higer educational system in the world, we do not have a national trade education system such as Germany or Canada. 70 percent of the population cannot compete on a Global scale.
We have the most expensive health system in the world with 45 million with no coverage and over 100 million with inadequate coverage.
Most expensive prescription drugs in the world.
What costs a customer $100 dollars in the U.S. maybe $12.00 in Germany when buying drugs.
Milk $2.20 in Germany, $3.50 in the U.S.
Groceries overall in Germany are about a third less then the U.S.
My friend in Germany pays about $26.00 Euros a month for electricity for a thousand square foot flat.
Land taxes are $200.00 per year
Heating in the winter time she spends $30.00 per month on Gas
She bought her flat in downstown Essen for $97,000 Euros, house appreciation in Germany is around 4 percent per year. In the U.S. now It is 20 percent per year.
I guess If you want to make the arguement that the U.S. housing is a better investment, sell your house when you think It is time and take the money outside of the country because when you go to buy another house or property the money you made would go back into buying new digs.
Stick it in the bank and it will depreciate because of the high inflation and low interest that the bank would give you.
The only thing I see more expensive in Germany was the Gasoline
The Inflation rate is out of control.
Most European, Australians and a few others recieve 6 to 8 weeks vacation per year.
To pull a tooth in the U.S. Cost-$150.00
Germany-$0
Healthcare costs per GDP
Germany-9.8 %
U.S.- 15%
University costs
Germany-free
U.S.- over $20,000 per year
Heating costs
Germany- $30.00 per month
U.S.- 250.00 per month
Electricity
Germany -26.00 per month
U.S. average-120 per month
Gini -index
Rich-poor gap
Germany-about 30
U.S.-46 and rising
Average ceo pay
Germany- 42 times worker salary
U.S.-approaching 1,000 times average worker salary
Export trade:
Germany- 1 trillion dollars in exports
U.S. – 750 billion
Current account:
Germany- big surplus
U.S.- 800 billion deficit
Wealth creation:
U.S. one dollar in profit but 5 new dollars in debt, the ratio should be 2 to 1 not 5 to 1
The rich are leaving the country because It is overinflated and we nolonger are a manufacturing country which is where much of the real wealth has always been made along with mining and farming.
I would think that people should know these things but sometime they do not unfortunately.
One could say that Germany has high unemployment and yes because of the eastern side that is true but so does the U.S.
18 to 65 year old work ratio the U.S. has about 62 percent of the folks in the workforce, Germany is around 56 percent but the European Union as a whole has 64 percent of their 18 to 65 years old people in the workforce officially.
You cannot inflate yourself to prosperity, excess credit and money creation only inflates asset class prices/inflation.
You must either, design, engineer, manufacture, grow crops/cattle or mine minerals to have a high value added economy.
Walmart jobs do not do that, they pay $7.00 an hour and that is the biggest employer in the u.s. at present.
Stores and restuarants are not high value added jobs nor very productive.

]]> By: Glenn G http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7938 Glenn G Thu, 03 Feb 2005 06:08:39 +0000 http://www.dvorak.org/blog/?p=1245#comment-7938 Who says a falling dollar is a bad thing? It doesn't mean our economy is in danger. There are good effects from having a cheaper dollar, too. It's just that it's not politically correct to say you favor a cheaper dollar. -- Glenn G. Who says a falling dollar is a bad thing?

It doesn’t mean our economy is in danger. There are good effects from having a cheaper dollar, too.

It’s just that it’s not politically correct to say you favor a cheaper dollar.

– Glenn G.

]]> By: Mike Cannali http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7902 Mike Cannali Wed, 02 Feb 2005 16:18:25 +0000 http://www.dvorak.org/blog/?p=1245#comment-7902 Howard Hughes Went Waco in his old age too. Howard Hughes Went Waco in his old age too.

]]> By: Mike Cannali http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7901 Mike Cannali Wed, 02 Feb 2005 16:14:26 +0000 http://www.dvorak.org/blog/?p=1245#comment-7901 Drop the value of the dollar just before US tax time increase the price of exports just before the new generation release he must expect future growth overseas More reason to buy the Walmart computer Drop the value of the dollar just before US tax time
increase the price of exports just before the new generation release

he must expect future growth overseas

More reason to buy the Walmart computer

]]> By: Tom http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7881 Tom Tue, 01 Feb 2005 21:22:37 +0000 http://www.dvorak.org/blog/?p=1245#comment-7881 [Mr Gates described China as a potential “change agent” for the next two decades. “It’s phenomenal,” he said. “It’s a brand new form of capitalism.”]

Capitalism without all the messy democratic headaches. Bribed legislative, executive, and judicial government officials — it figures he’d love China’s current situation. Where cash really is king, the man with the most cash….

“Everyone is equal, only some are a little more equal than others.” Everyone is free to make some dough, but don’t get any uppity ideas of who’s in charge.

Communism will collapse in China, too. People are the same wherever you go, and pretty much everybody desires to be free and in control of their own destiny.

]]> By: Jim http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7604 Jim Tue, 01 Feb 2005 04:48:29 +0000 http://www.dvorak.org/blog/?p=1245#comment-7604 I'm betting against commercial software. The U.S. currency will be fine. If you have a couple of dollars in the bank, don't sweat it. I'm also betting against Google going much higher. Having a business model based on people clicking on word ad links is flimsy. You have click fraud, a limited window to make this work long term and the stock is out of sight for the average investor. Plus they have Microsoft stalking the search business and Yahoo rolling out who knows what. Google users have come to expect the unexpected. The Google Desktop search goes live and security holes surfaced. Google patches one search engine security flaw and is notified of another. Don't fall into the same trap as you know who, with patches and more patches. Google should do well, but it will be tough. It always is with a web based business. The leap into the world of television was smart for Google. Look for a deal with CNN, Time Warner, Fox or somebody else in the future. This is sort of like what Microsoft did with NBC, but more geared toward function rather than programming. Google has the reach to promote open source, but it seems to like to keep a lid on the behind the scenes technology, although much of the Google success is because of Linux. Google has a box next to where I am typing here and the box sports one single ad and the rest of the space is blank. The ad is for US Military people search. The Google ad box could offer a little free Linux link plug, there is sure plenty of room. Ads by Google-Powered by Linux. Just an idea, if you are reading this from Google HQ's. Google is going to have to make some bold moves this year. I have no idea of what to expect. I'm sure the dollar will be around next Christmas. Google wiki may be as useful as Google for finding stuff in Google and about Google. http://en.wikipedia.org/wiki/Google I’m betting against commercial software. The U.S. currency will be fine. If you have a couple of dollars in the bank, don’t sweat it. I’m also betting against Google going much higher. Having a business model based on people clicking on word ad links is flimsy. You have click fraud, a limited window to make this work long term and the stock is out of sight for the average investor. Plus they have Microsoft stalking the search business and Yahoo rolling out who knows what. Google users have come to expect the unexpected. The Google Desktop search goes live and security holes surfaced. Google patches one search engine security flaw and is notified of another. Don’t fall into the same trap as you know who, with patches and more patches. Google should do well, but it will be tough. It always is with a web based business. The leap into the world of television was smart for Google. Look for a deal with CNN, Time Warner, Fox or somebody else in the future. This is sort of like what Microsoft did with NBC, but more geared toward function rather than programming. Google has the reach to promote open source, but it seems to like to keep a lid on the behind the scenes technology, although much of the Google success is because of Linux.

Google has a box next to where I am typing here and the box sports one single ad and the rest of the space is blank. The ad is for US Military people search. The Google ad box could offer a little free Linux link plug, there is sure plenty of room. Ads by Google-Powered by Linux. Just an idea, if you are reading this from Google HQ’s. Google is going to have to make some bold moves this year. I have no idea of what to expect. I’m sure the dollar will be around next Christmas. Google wiki may be as useful as Google for finding stuff in Google and about Google. http://en.wikipedia.org/wiki/Google

]]> By: Rick Shahovskoy http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7601 Rick Shahovskoy Tue, 01 Feb 2005 02:31:58 +0000 http://www.dvorak.org/blog/?p=1245#comment-7601 Selective indignance is fascinating. While bitching about the nasty Republicans and mean ol' GWB, not a twitch nor peep about another in the cabal with King Geek and that #2 on the list. Hey, you Republican haters: Anybody recognize GEORGE SOROS? He's the sweet little fellow who pumped gazillions into the last elections trying to get that gigolo into the white house. Yeah, that guy! The one who didn't know how to eat a Philly Cheese Steak with his hands and who faked lunch at a regular eatery only to have a catered lunch delivered from a snooty country club delivered to his campaign bus. No matter. We're still the "little people" and both sides don't give a damn about us and will continue to do their own thing, leaving us as a third world nation in another generation,. Selective indignance is fascinating.
While bitching about the nasty Republicans and mean ol’ GWB, not a twitch nor peep about another in the cabal with King Geek and that #2 on the list.
Hey, you Republican haters: Anybody recognize GEORGE SOROS?
He’s the sweet little fellow who pumped gazillions into the last elections trying to get that gigolo into the white house. Yeah, that guy! The one who didn’t know how to eat a Philly Cheese Steak with his hands and who faked lunch at a regular eatery only to have a catered lunch delivered from a snooty country club delivered to his campaign bus.
No matter. We’re still the “little people” and both sides don’t give a damn about us and will continue to do their own thing, leaving us as a third world nation in another generation,.

]]> By: andrew http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7599 andrew Tue, 01 Feb 2005 01:35:47 +0000 http://www.dvorak.org/blog/?p=1245#comment-7599 I don' see this story being reported here in the media. http://news.bbc.co.uk/1/hi/uk_politics/4220473.stm The BBC reports that some Doodles were found after a meeting between Tony Blair and Bill Gates. Initially it was thought that the doodles were done by Mr. Blair The British media hired experts to comment on the drawings with comments like: 'not a natural leader', 'struggling to keep control of a confusing world' and 'an unstable man who is feeling under enormous pressure'. It turns out the drawings were done by Gates I don’ see this story being reported here in the media.

http://news.bbc.co.uk/1/hi/uk_politics/4220473.stm

The BBC reports that some Doodles were found after a meeting between Tony Blair and Bill Gates. Initially it was thought that the doodles were done by Mr. Blair
The British media hired experts to comment on the drawings with comments like:
‘not a natural leader’, ’struggling to keep control of a confusing world’ and ‘an unstable man who is feeling under enormous pressure’.
It turns out the drawings were done by Gates

]]> By: Mike Sax http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7597 Mike Sax Tue, 01 Feb 2005 00:41:45 +0000 http://www.dvorak.org/blog/?p=1245#comment-7597 Since when is John C. Dvorak opposed to telling it like it is? Do you really think that sweet-talking and blowing smoke is going to help the US economy? Or is it more productive if people stick their neck out and point out that fiscal and economic policies are ruining our standing in the world? Which side are you on, John? None, right? The side of whatever makes a good story angle? You're better than that, and you know it! Since when is John C. Dvorak opposed to telling it like it is? Do you really think that sweet-talking and blowing smoke is going to help the US economy? Or is it more productive if people stick their neck out and point out that fiscal and economic policies are ruining our standing in the world? Which side are you on, John? None, right? The side of whatever makes a good story angle? You’re better than that, and you know it!

]]> By: Jim http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7595 Jim Mon, 31 Jan 2005 22:08:27 +0000 http://www.dvorak.org/blog/?p=1245#comment-7595 I see Bill Gates and I just start laughing. All these rich guys s-elect President Bush and now they're out to smash the Dollar. Guys with billions of Dollars complaining about the Dollar. These people are like fat slobs who sue McDonalds for serving fast fatty food. Don't eat it if you don't want to gain weight. A pig is a pig is a pig though. They want the Dollar to be worth $2.00 and some change. Go to China and fix their currency. Leave us out of it. Most all of the money going to Iraq will be lost, so the government will have to start shaking down the super rich guys and they don't like it. Don't take it out on the Dollar, the Dollar is for the little people. Somebody will have to pay for Iraq, people like Gates are good for the money so he'll get stuck with a biggest part of the tab. Plus they have foundation money. The Bushes aren't going to pay, they are looking for donations, meeters of people here for the development in Iraq. You could put a couple of billion into Iraq and they'll blow it up in a week. You can't do that with tax Dollars without ending up in jail. You need public debt, senate appropriations that sort of racket or private piggy bank funds and foundations to blow that kind of jack on something as wreckless as a preemptive invasion and war. I doubt you can write insurance for much of anything in Iraq. Anything with oil or gas is likely to blow up sooner or later. These folks blow up schools just for kicks. Imagine running a filling station in that place. These people just think you are dealing with Americans and bang, you have your gas pumps hit with a rocket propelled grenade by some guy wearing a bomb around his neck. Then you catch him and he just blows up. So it's not an easy deal, you can't just go in a throw Citgo and Exxon signs up and build a Mickey D's or a Walmart. Iraq is a big corporate government utopia for big thinking and none of the people thinking at this level are risking their lives in Iraq. It way too dangerous, but that isn't something they will lose sleep over. These billionaire guys are whining about the Dollar. Wait until they have to start paying the bills for Iraq. Republicans are big spenders and Iraq is a big project. I see Bill Gates and I just start laughing. All these rich guys s-elect President Bush and now they’re out to smash the Dollar. Guys with billions of Dollars complaining about the Dollar. These people are like fat slobs who sue McDonalds for serving fast fatty food. Don’t eat it if you don’t want to gain weight. A pig is a pig is a pig though. They want the Dollar to be worth $2.00 and some change. Go to China and fix their currency. Leave us out of it.

Most all of the money going to Iraq will be lost, so the government will have to start shaking down the super rich guys and they don’t like it. Don’t take it out on the Dollar, the Dollar is for the little people. Somebody will have to pay for Iraq, people like Gates are good for the money so he’ll get stuck with a biggest part of the tab. Plus they have foundation money. The Bushes aren’t going to pay, they are looking for donations, meeters of people here for the development in Iraq. You could put a couple of billion into Iraq and they’ll blow it up in a week. You can’t do that with tax Dollars without ending up in jail. You need public debt, senate appropriations that sort of racket or private piggy bank funds and foundations to blow that kind of jack on something as wreckless as a preemptive invasion and war. I doubt you can write insurance for much of anything in Iraq. Anything with oil or gas is likely to blow up sooner or later. These folks blow up schools just for kicks. Imagine running a filling station in that place. These people just think you are dealing with Americans and bang, you have your gas pumps hit with a rocket propelled grenade by some guy wearing a bomb around his neck. Then you catch him and he just blows up. So it’s not an easy deal, you can’t just go in a throw Citgo and Exxon signs up and build a Mickey D’s or a Walmart.
Iraq is a big corporate government utopia for big thinking and none of the people thinking at this level are risking their lives in Iraq. It way too dangerous, but that isn’t something they will lose sleep over. These billionaire guys are whining about the Dollar. Wait until they have to start paying the bills for Iraq. Republicans are big spenders and Iraq is a big project.

]]> By: Jim http://www.dvorak.org/blog/2005/01/31/bill-gates-bets-against-dollar/comment-page-1/#comment-7592 Jim Mon, 31 Jan 2005 21:01:42 +0000 http://www.dvorak.org/blog/?p=1245#comment-7592 It's not personal, it's just good business. Get a bunch of some other currency and buy all these new cheaper U.S. Dollars. Don't plan on buying food or anything. Put all your U.S. Dollars into Microsoft stocks and wait to become a Microsoft millionaire. Take out a loan in U.S. Dollars and buy a bunch of Google stock, it could go over the top, set new records and all of that. Work for stock options, don't accept Dollars which will be worthless to companies like Microsoft and Google. It's the next tech economy boom, with no need for venture capital paybacks. Everybody gets rich and they don't need Dollars to prove anything. The Dollar is oh so old money. There are new money people. No nickels or dimes! Got a Passport? It’s not personal, it’s just good business. Get a bunch of some other currency and buy all these new cheaper U.S. Dollars. Don’t plan on buying food or anything. Put all your U.S. Dollars into Microsoft stocks and wait to become a Microsoft millionaire. Take out a loan in U.S. Dollars and buy a bunch of Google stock, it could go over the top, set new records and all of that. Work for stock options, don’t accept Dollars which will be worthless to companies like Microsoft and Google. It’s the next tech economy boom, with no need for venture capital paybacks. Everybody gets rich and they don’t need Dollars to prove anything. The Dollar is oh so old money. There are new money people. No nickels or dimes! Got a Passport?

]]>