He likes choo-choos?OR, America's route out of its horrendous financial situation will have to involve removal of restrictions on coal-mining, oil-drilling and so on, and that'll lead to new business for the chuff-chuffs.
OR the dollar is going to fall off the screen, resulting in sky high oil prices and lots of transport opportunities for rail to undercut lorry transportation?
Or, as I've read, it gives him right-of-way to install a lot of optical fibre cable.
I believe that he decided it would be better to minimize direct U.S. dollar holdings. Why? He either believes that inflation will be very high sooner rather than later, or he has inside information which causes him to KNOW that inflation is coming (or a currency crisis). He also knows that the value of a railroad will never be zero. This investment is about as far from Wall Street or financial services as he could manage, without buying a gold mine.
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