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Re: docfager post# 1916

Thursday, 05/11/2006 1:54:24 AM

Thursday, May 11, 2006 1:54:24 AM

Post# of 2856
Doc, your comments are spot on.

One final boost may come from devaluation of the USD against the yuan or the currencies of the countries JWA mentions in the magazine interview. Assuming GCC revenues originate in those countries and in China, then we gain value as those currencies strengthen and the revenues convert back to the GCHC shares priced in dollars.

Thanks to Greenspan, now helicopter Ben, various government officials, and too many others to mention, the world's most respected and recognized reserve currency (the U.S. dollar)is headed into the toilet. Warren Buffet will eventually be proven right about this. The history of banana republics is repeating itself here at home...when you irresponsibly print endless amounts of any currency without any accountability in order to hand out truckloads of debt to any deadbeat who can manage to sign his name, and outspend tax revenues hand over fist year after year, then the currency eventually becomes worthless.
Carefully selected foreign investments, like GCHC, can help protect the investor from the sins of his own government.
JMHO.

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