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"The ol' dollar, it's gonna go down. I'm short on the dollar." So warned Bill Gates, reportedly the world's richest man, at the January 2005 World Economic Forum in Davos, Switzerland. Describing the situation as "scary," he added, "We're in uncharted territory when the world's reserve currency has so much outstanding debt." Forum attendees from Europe and Asia echoed his fears.
Five weeks later, billionaire American investor Warren Buffett surveyed the deteriorating condition of the dollar and told his company's shareholders, "The decline in its value has already been substantial, but is nevertheless likely to continue." Pointing to our government's enormous ...
Source: HighBeam Research, Government's attack on the dollar: the government is weakening the...