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Mr Alan
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Quote: from Golden Star on 7:30 am on June 2, 2005
Mr Alan,
Warren Buffet has been (successfully) betting against the US dollar for two years now; he's been losing money only for the past 6 months. The man has accumulated a $40 billion fortune and I trust he knows what he is doing. Bill Gates hasn't done too badly for himself either.
Also, calling someone else's opinion "bullshit" shows that common courtesy is not one of the indivudual's strong points; not backing it up with at least a half-decent explanation shows that the person is ignorant. You qualify on both counts.
I have backed up everything I said in previous posts in this and other threads. Why don't you go back and read it.
BTW, I did not start this thread, which is basically a bunch of wet dreams by impotent EU'ers who keep wishing the US will collapse into economic chaos. Not going to happen bud.
Also, you are wrong about Buffet and Gates. Even at the end of the first quarter, they both lost big bucks in currency exchange. Both of these guys are rich (and buddies) but they did not get that way by betting against the dollar.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:24 am on June 2, 2005
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Golden Star
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I don't think anybody here seriously hopes for a collapse of the US; at least, not me. Presenting a bearish outlook on the US economy might not be "patriotic" for people like you, but it doesn't mean it's wrong or it's bullshit.
Warren Buffett made his money in investments - I would reckon he has a fairly good idea of how the economy works.
Anyway, your money is your money. Invest it as you wish.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 8:30 am on June 2, 2005
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Mr Alan
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Quote: from Golden Star on 7:42 am on June 2, 2005
I don't think anybody here seriously hopes for a collapse of the US; at least, not me. Presenting a bearish outlook on the US economy might not be "patriotic" for people like you, but it doesn't mean it's wrong or it's bullshit.
Warren Buffett made his money in investments - I would reckon he has a fairly good idea of how the economy works.
Anyway, your money is your money. Invest it as you wish.
I know exactly how Buffet made his money and it was NOT in currency futures. He made his money in long term equity investments. But lately, Buffet has been making money by secretly buying stocks, commodities, currency futures, and when it becomes public (as a result of quarterly SEC fillings) he dumps the investment as everyone else is buying into it to emulate Buffet.
His investments in Level 3 Communications and silver futures are good examples of that (he dumped both as it became public that he bought into them). Gates is Buffet’s lap dog, so he does whatever he is told.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:38 am on June 2, 2005
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UKYorkie
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Quote: from Mr Alan on 1:30 pm on June 2, 2005
Quote: from UKYorkie on 7:25 am on June 2, 2005
Without getting into much politcal detail, yes the EU has its problems but here in the UK, we are doing quite nicely thanks, low unemployment, low inflation, a property market thats going to help finance my full time move to Thailand  , and if Tony Blair does offer us the right to have our say on the EU constitution it will be a big NO 
Yep, that is because the UK has its own currency.
Exactly another referendum that the goverment will never offer to the british public because there is no way we will ever go for the Euro.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 8:54 am on June 2, 2005
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West
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Quote: from Mr Alan on 8:28 pm on June 2, 2005
We will bury you.
Mr Alan, I've noticed that its one you've been fighting for some time now but for the benefit of those less well informed, such as myself, would you mind pointing out exactly when the war between Europe and the US was declared? I seem to have missed the announcement.
Thanks in advance,
West.
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Thai Women : Meet Matured Thai Women
Posted on: 9:23 am on June 2, 2005
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manowar
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US-#1
Asia-#2
Europe-#3
Disclaimer: Totally unscientific, did not do any research, no data to back this up. Just my 2c.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 10:19 am on June 2, 2005
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Broken Leg
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Quote: from Mr Alan on 8:28 pm on June 2, 2005
As I have already pointed out in previous posts, the US cumulative national debt is about average for EU countries as a percent of GDP, and some EU countries have much higher debt. Also, consider that much of the recent US debt is borrowed at record low interest rates, and will be easier to pay back.
As soon as the EU countries listen to their citizens complaints about the poor economic conditions and high unemployment rates, they will lower interest rates to stimulate their economies and the Euro will drop further.
We will bury you.
5555555555555555555555555555555555555
Mr Alan the issue is not the cumulative national us debt it is that the US spends $2billion more every day than it earns. They therefore have to borrow this $2billion every day from the rest of the world. This $2 billion (which is growing every day) as a percentage of GDP is significantly higher than it has ever been in US history. Currently most EU countries have current account surpluses.
This thread was not started to bash the US it was started because someone couldn't work out why the Euro was so high when the economic fundamentals were so bad.
Today thanks to globalisation we are living in a world economy. It is in US economic interests to have a booming Europe and a booming rest of the world for that matter. In fact one of the main factors for the US imbalances is because Europe has such poor consumption and growth. Greater consumption and growth in Europe would certainly help to readjust the unsustainalbe rise in the US current account and help to soften any economic slowdown. So in reality your pleasure in the bad economic situation in Europe and the problems of the EU are really pretty stupid and definitely childish.
Also if you know exactly how warren Buffet makes his money why are you condsidering offers at only 6 figures? In fact why are you still woking at all?
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 2:16 pm on June 2, 2005
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poskat
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Yes BL, the reasons I started this thread were as you stated.
I saw reported yesterday and today that in both Germany and Italy the public and or officials are starting to talk about going back to their original currencies. One of the problems noted was the different economic conditions in individual countries and the effects of having a unified economic policy for the Euro not being appropriate for ceratin specific conditions.
In any case, I love the surge the US$ has made as I will be in LOS in 10 days!!
Can the current Euro countries ecomonies withstand the influx of immigrants and burden to the social services that would occur with the inclusion of Turkey and Eastern European counties to the EU?
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Thai Girls : Meet Active Thai Girls
Posted on: 10:57 am on June 3, 2005
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manowar
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Quote: from Broken Leg on 10:28 am on June 2, 2005
Quote: from Mr Alan on 8:28 pm on June 2, 2005
As I have already pointed out in previous posts, the US cumulative national debt is about average for EU countries as a percent of GDP, and some EU countries have much higher debt. Also, consider that much of the recent US debt is borrowed at record low interest rates, and will be easier to pay back.
As soon as the EU countries listen to their citizens complaints about the poor economic conditions and high unemployment rates, they will lower interest rates to stimulate their economies and the Euro will drop further.
We will bury you.
5555555555555555555555555555555555555
Mr Alan the issue is not the cumulative national us debt it is that the US spends $2billion more every day than it earns. They therefore have to borrow this $2billion every day from the rest of the world. This $2 billion (which is growing every day) as a percentage of GDP is significantly higher than it has ever been in US history. Currently most EU countries have current account surpluses.
This thread was not started to bash the US it was started because someone couldn't work out why the Euro was so high when the economic fundamentals were so bad.
Today thanks to globalisation we are living in a world economy. It is in US economic interests to have a booming Europe and a booming rest of the world for that matter. In fact one of the main factors for the US imbalances is because Europe has such poor consumption and growth. Greater consumption and growth in Europe would certainly help to readjust the unsustainalbe rise in the US current account and help to soften any economic slowdown. So in reality your pleasure in the bad economic situation in Europe and the problems of the EU are really pretty stupid and definitely childish.
Also if you know exactly how warren Buffet makes his money why are you condsidering offers at only 6 figures? In fact why are you still woking at all?
How is it for the European countries to "boom" ? Asian countries are taking over all manufacturing jobs ( old economy), US is dominating all things high tech, bio-tech (new economy). Where does that put Europe? What are they going to make that Asia and US can't make better and cheaper ? The neo-socialist attitues in many Europeans countries stranglehold their people's innovation in the last 40-50 years. Other than ultra high cru fine wines, expensive coutour fashions from France and Italy, MBZ. BMW from Germany (and even those three sectors are being hit up by the emergence of Asian high fashion world and the luxury cars such as Lexus from Japan), I really cannot think of one item that the rest of the world would want to buy from Europe. they need to reinvent themselves to compete with the rest of the world. I see rays of hope from the "new Europe", but the "old" Europe.....you tell me.
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Thai Women : Meet Matured Thai Women
Posted on: 12:20 pm on June 3, 2005
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Broken Leg
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Manowar I hear what your saying,
But If you read one of my earlier posts you will see that I have mentioned reform in Europe, and that that could become the focus after this EU referendum. So when I talk about Europe incresing growth I am talking of course about "Anglo Saxonising" them. This is a term they use for free market capitalism. Getting rid of their beuracracy, crippling social programs etc so yes I agree with you, to boom we need a "new" Europe.
However be careful when you talk about exports. France and Germany currently run current account surpluses. This means that they export more than they import. Not so in the UK and US as I have pointed out earlier, in fact the US imports about 50% more thann it exports currently (of course a lot of this is from US companies based abroad), and this of course is one of it's major imbalances.
And the key point is that to get europe "booming" I am not talking about increasing their growth through exports, devloping new industries etc - a merchantilist economy such as China / Asia. No as countriess develop they become consumtion driven econmies as hopefully china will when it develops enough industry to provide for it's massive population, so I am talking about increasing personal consumption, increasing consumer spending and business/commerce withing their own countries etc. Modern econmic thinking suggests running current account deficits for developed countries aids growth (but not crazily high like in the US) so for europe to boom it need to develop this, not it's industries thats what i'm suggesting.
This of course would lead to greater imports allow asian countries to increase their exports, allow the US to increase their exports easing the balance of payments in the US, lead to a quicker revaluation of the renimbi etc, etc, etc.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 1:24 pm on June 3, 2005
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