Re: Soros spending big anti-liberty money

On Thu, 27 Nov 2003 21:40:15 GMT, Sean Burke <[EMAIL PROTECTED]> wrote:
>
>[EMAIL PROTECTED] (Jeffrey C. Dege) writes:
>
>> On 26 Nov 2003 15:52:56 -0800, Andrew <[EMAIL PROTECTED]> wrote:
>> >[EMAIL PROTECTED] (Jeffrey C. Dege) wrote in message news:<[EMAIL PROTECTED]>...
>> >
>> >The question is why o why is he looking at GWB's America when
>> >everything is being so well managed?
>> 
>> Hubris.
>
>The dollar is widely regarded to be overvalued. The Japanese and 
>Chinese are buying lots of US Treasury securities in order to keep
>the dollar high, and their currencies low, to preserve their export
>competitiveness in the american market. This has the side effect of
>keeping US interest rates low, despite record federal deficits.
>
>Japan and China can't keep doing this forever though, which is what
>gives fellows like Soros an opportunity.

Not really.  The US is working to lower the value of the dollar to a
more reasonable level.  Soros gains little, if the dollar descends in
a reasonable manner - he needs a sudden crash.

-- 
Non calor sed umor est qui nobis incommodat.