Register File Sharing Journals Chat Room FAQ Calendar Mark Forums Read

Advertisement







Search Forums
 
» Advanced Search

Reply
 
Thread Tools Search this Thread Display Modes
Old 16-08-2004, 11:23   #1
Nomad2012
level 1
 
Join Date: Aug 2004
Posts: 6
Downloads: 0
Uploads: 0
Rep Power: 0Nomad2012 is an unknown quantity at this point
Buffet Bets $19 Billion Against Dollar

Take a look at this.....almpost half of Bill gates is fortune is what buffet has riding against the dollar....

Check this out:
http://money.cnn.com/2004/08/09/news/newsmakers/buffett.reut/
Nomad2012 is offline   Reply With Quote
Old 16-08-2004, 11:29   #2
west33445
level 3
 
Join Date: Feb 2004
Posts: 163
Downloads: 0
Uploads: 0
Rep Power: 0west33445 is an unknown quantity at this point
Wink

I saw that one too.
All the more reason to hope the Eur/Usd heads back down to the 1.17 lvl
west33445 is offline   Reply With Quote
Old 16-08-2004, 11:38   #3
Nomad2012
level 1
 
Join Date: Aug 2004
Posts: 6
Downloads: 0
Uploads: 0
Rep Power: 0Nomad2012 is an unknown quantity at this point
Headed for the High

No chance now. Its headed north, and i think it'll do it fast. Its gonna make a fast run at the high here.
Nomad2012 is offline   Reply With Quote
Old 16-08-2004, 11:45   #4
west33445
level 3
 
Join Date: Feb 2004
Posts: 163
Downloads: 0
Uploads: 0
Rep Power: 0west33445 is an unknown quantity at this point
I do agree. IMHO the breakdown of the dollar is inevitable. With the news today, an increase in Foreign holding of US assets by $78 Billion, the problem of deficit financing has all but vanished.

Now only the timing of the USD fall remains.

GT/GL
west33445

Last edited by west33445 : 16-08-2004 at 13:14.
west33445 is offline   Reply With Quote
Old 17-08-2004, 12:47   #5
rbsanders
level 1
 
Join Date: Jun 2004
Posts: 40
Downloads: 0
Uploads: 0
Rep Power: 0rbsanders is an unknown quantity at this point
interesting how much is he losing today
rbsanders is offline   Reply With Quote
Old 19-08-2004, 08:45   #6
greentea777
level 1
 
greentea777's Avatar
 
Join Date: Aug 2004
Posts: 47
Downloads: 0
Uploads: 0
Rep Power: 0greentea777 is an unknown quantity at this point
That move is going against the most basic principle of trading in any market, BUY LOW SELL HIGH. Warren Buffet, go back to your ABC's.
greentea777 is offline   Reply With Quote
Old 19-08-2004, 08:50   #7
west33445
level 3
 
Join Date: Feb 2004
Posts: 163
Downloads: 0
Uploads: 0
Rep Power: 0west33445 is an unknown quantity at this point
west33445 is offline   Reply With Quote
Old 19-08-2004, 10:00   #8
Nomad2012
level 1
 
Join Date: Aug 2004
Posts: 6
Downloads: 0
Uploads: 0
Rep Power: 0Nomad2012 is an unknown quantity at this point
How do you know he isn't buying low. John Templeton, who is the main inner circle insider trading freemason banking frontman has always given the signal for the major turn in any market to his group of good ole boys. In December of 2000 he publcily told of how the Nasdaq was goig to tank bigtime and 3 months later it did exactly that. Now he is saying the dollar will lose almost 40% of its value in a matter of months and Buffett ans Soros are putting HUGE amounts on it.

All that has to happen is that oil starts being tarded in euros more and more and the worthless based dollar will get absolutely tanked. Right now Wall streeet is only being propped up by huge quantities of drug money anyway - in the trillions.

The dollar is going to take an enormous bashing here - a nd its all totally planned. The elite of group of meglamaniac bankers who own the federal reserve, IMF and many others want to bring in a one world currency thats completely electronic. The dollar is the key to that - crash the dollar and you create a world wide currency crisis. probem- reaction -solution. Create the problem, get the reaction and then offer the solution to the same problem you just created. They have been over printing money and pumping consumer credit for over a decade for that exact reason. They did it in 1929 and there about to do it again.

You don't really think that a 10 trillion dollar economy would ever be left to chance on the direction it swings do you ? :-) How do you think that they've always been the "Elite" :-)

The only question is how much will you profit or lose from it?

Enjoy the ride.
Nomad2012 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is On
Forum Jump