SOROS ALERT Soros 'speculating against dollar'

THE INDEPENDENT UK ^ | 28 November 2003 | Philip Thornton and Michael Jivkov

[faithincowboys]

These SOBs are to patriotism what Anna Nicole Smith is to anorexia. They really should be ashamed of themselves.

[texasbluebell]

I'm not so sure it's honor, so much as knowing that at least he has personal freedoms in the US that he didn't growing up under communisn.

However, what he seems to be is a global govt type, who would do anything to see the US knuckle under to the UN or whoever they (the one-worlders) can prop up above us.

Is he a moron, a democrat, a clever operator ?.

At the very least a dem, though possibly all of the above choices.

[samtheman]

I'm not saying he's an idiot. He's proved his abilities in the past. But I think those abilities are now clouded by Hate and Ideology. If I were rich, I'd been against him with money. I'm not rich, so I can only bet against him with words. Like this: I predict his gambit will fail. The economy will boom.

[samtheman]

correction: if I were rich I'd BET against him with money

[CasearianDaoist]

bump

[AndyJackson]

Ok all of you free marketers around here. When you make more of something the price goes which way? Have you paid any attention to what Alan Greenspan has been doing since he became Fed Chairman - that is right - the only the the Federal Reserve can do - print more money. He has printed a lot of it in the last two years. There is no talent required to bet that more dollars will be worth less. The only talent required is the timing of the bet.

[MainFrame65]

To a degree unlike any other, the US government has the capacity to reverse the direction of the currency market anytime it decides to do so. Soros has been able to force other countries to devalue their currencies by his trading practices in the past, but the US is a different matter - he is following instead of leading this time.

But he is betting on US policy, and that can be changed at will. I would love to see him get his lights punched out by such a reversal, even if temporary. And it would serve the policy purpose of warning off such speculators in the future, not a bad result at all.

[Cicero]

It's likely enough. But they couldn't do it if Alan Greenspan hadn't been busy inflating the biggest economic bubble in world history for the past 12 years.

Warren Buffet has large silver holdings, according to published sources. He went in several years ago. He will not try to corner the silver market but has just laid in a pile of metal and mining shares and is sitting on them.

Soros will actively manipulate the situation and try to make it worse, as he did when he broke the pound. But even Soros doesn't have enough money to buck the trend. It's Greenspan who has set this up.

[AmericanMade1776]

IT IS WORSE THAN WE THOUGHT..HILLARY HAS MADE A DEAL WITH THE SOROS DEVIL..

ELECTION 2004
Morris: Clintons replacing Democratic Party
With Howard Dean on rise they fear losing control of purse strings

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http://worldnetdaily.com/news/article.asp?ARTICLE_ID=35821
Posted: November 25, 2003
5:00 p.m. Eastern



© 2003 WorldNetDaily.com

Fearing Howard Dean is poised to capture the Democratic presidential nomination, Bill and Hillary Clinton are maneuvering to replace the party with a new group called "Americans Coming Together," claims former adviser Dick Morris in a New York Post column.

The group – launched with two $10 million donations from financier George Soros and Peter B. Lewis, chairman of the Progressive Corporation – is one-third of the way toward its goal of raising $94 million to finance a massive campaign against Bush, says Morris, who was President Clinton's chief political strategist during the 1996 campaign.

Hillary Clinton's connection to Americans Coming Together, despite campaign-finance laws, is "paper-thin," said Morris, with Harold Ickes, President Clinton's former deputy chief of staff, working closely with Soros to fund it.

"Ickes is about as independent of Hillary as Bill is," he said. "He is her chief adviser. His photo graces her memoirs. He was her key operative in securing the Senate seat in New York. To pretend that anything he would do is independent of Hillary is like saying that the left hand is independent of the right hand."

Morris believes the Clintons' move to circumvent the Democratic Party is to provide a "lifeboat" for the likelihood that when Dean takes the prize, he will fire their close associate, Terry McAuliffe, and take control of the Democratic National Committee.

"Dean seems destined to win the nomination and with it control of the party," Morris said. "So the Clintons are moving out."

Morris said when that happens, "no longer will its coffers be available to the Clintons to use as their private fund, channeling donations to candidates and causes they favor or that favor them."

So, before the handover, he said, "they are working on stripping the Democratic Party of its central role and giving it to the more pliant Americans Working Together, instead."

The Clintons' attempts to sidetrack Dean have failed, with Wesley Clark's campaign collapsing and John Kerry's campaign staff quitting, Morris said.

He notes the Democratic Party, limited to donations of $2,000 per person by the McCain-Feingold campaign-finance law, has been unable to raise enough hard money for a national campaign.

That means it essentially is ceding its main role to Americans Coming Together, Morris said.

Republicans are raising twice as much as Democrats are in hard money, $158 million to $66.5 million for the Democrats.

Americans Coming Together supposedly is an independent campaign committee, as required by law. But Morris contends Ickes has not honored the boundaries between supposedly independent expenditures and political campaigns required by the Federal Elections Commission.

"I almost fell through the floor of the White House early in 1996 when I attended a meeting chaired by Ickes of representatives of the political action committees of major American labor unions," he said. "Gathered in the Roosevelt Room of the White House, they each recounted their plans for 'independent expenditures' against the Republicans in the coming election campaign. The meeting, quite illegal in many ways, represented exactly the kind of co-ordination forbidden by the campaign-finance laws."

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[AndyJackson]

To a degree unlike any other, the US government has the capacity to reverse the direction of the currency market anytime it decides to do so.

And just how is that?

[Ann Archy]

Soros is EVIL and just because he doesn't give up his citizenship doesn't make him NOT so. E V I L.....Christian hater also.

[Ann Archy]

Warren Buffet owns Helzberg's Jewelers....and another big Jewlerer in Omaha. Don't shop there since he wants to destroy our economy and Bush. Also another big Christian Hater.

[scannell]

Weak dollar means more tourism and more exports

And fewer imports too, a maybe the cost of a little inflation.

[StriperSniper]

Speculators can lose big.

Yes, I'd sure love to see the 'Mother of all Short Squeezes' snag 'em by the 'nads!

[MainFrame65]

By direct intervention. Buying dollars, selling other currencies. Selling gold and silver for dollars. And by encouraging "buy American" programs and discouraging purchases from other countries. Also by raising interest rates, even slightly. America is the whale in the goldfish pond, and by comparison, Soros is a minnow.

[LindaHarr]

Germans call the Euro the "Teuro" the "expensive".
Inflation has been rampant in Europe with the introduction of the Euro. And, of course, the governments are denying it.

So, a restaurant meal has gone up 20% in price across Europe, newspapers up 30%, and on and on while the value of the dollar has decreased 40% or so. Add it all up and tourists should avoid Europe.

It cracks me up when I read "currency traders are looking at American unemployment numbers before moving on the Euro vs the dollar." HUH? Italian unemployment is rampant! And that's even though 1 in 3 Italians are retired. Nice and early unlike hardworking Americans.

True,though, Europeans don't go around trying to save the world from evil dictators. They just don't incur those onerous expenses.
Linda

[TaxRelief]

In this instance, there is hope that their control conspiracies will backfire on themselves.

One gets the sense that they sit around a conference table in a megalomaniacal euphoria believing that they, and they alone, control the economy. Perhaps the current scheme is to devalue the dollar solely as a scare tactic, timed perfectly to be used as an DNC election issue, knowing full-well that the economy will benefit from this move soon after November.

[samtheman]

Higher prices aren't always bad. Japan has been struggling against the twin shackles of deflation and a strong yen.

[AndyJackson]

A lot of people believe that the Federal Reserve is in a corner where they cannot do some of these things - such as raise interest rates, to any significant degree for instance. There is a vast literature on the supposed conspiracy of the central banks to control the cost of gold, against which efforts gold has risen from $250 / oz to close to $400 per oz.

I doubt moral suassion has much effect on trade flows. I think that those are mostly set by the usual marketplace factors - price, quality, supply and demand. The way to impact price is to allow your currency to decline in value. Daily currency trading is a massive and extremely liquid market. Prices are mostly the result of flows, in our case negative trade flows, which in the past were balanced by positive foreign investement flows. By all accounts, the foreign investment flows have fallen off sharply, which is one of the factors in the decline in the dollar.

Also, Soros was not born yesterday, and I think you are forgetting that Soros already knows the ability of central banks to intervene against him. They do so on a frequent basis. He is careful to place his trades so that he can hold out against such attacks.

[AndyJackson]

Don't shop there since he [Buffett] wants to destroy our economy and

Given the investment portfolio of Berkshire Hathaway, why would Buffett want to destroy our economy. Has it occurred to you that perhaps he is merely hedging his investments against long-term trends that he can do nothing to reverse?