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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (97754)	11/10/2002 3:44:06 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Retired, Yes, Berkshire is mostly tied to the USD. I guess you could argue that he owns large stakes in companies that do business around the world (like KO, AXP and G) - giving him some currency diversification, but those companies generally hedge at least some their currency exposure. I'm not looking for a complete collapse of the USD. I think it is terribly mismanaged, but I think the same is true for most currencies. It's a race to the bottom. IMHO, we are all currently locked into a horrible international financial system. However, I think everything will be done to preserve it - including lying, cheating, manipulation, and war.