Soros Bets $2 Billion on Stock Market Collapse

Newsmax ^ | Saturday, 16 Aug 2014 08:41 AM | F.J. McGuire

[Olog-hai]

Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion.

The legendary hedge fund manager has been raising his negative bet on the Standard & Poor’s 500 Index since late last year.

The latest 13-F filing with the Securities and Exchange Commission shows that Soros Fund Management increased its position in “puts” on the SPDR S&P 500 exchange-traded fund by a staggering amount in the second quarter from the first. …

[Ben Ficklin]

"he's to intelligent to likely lose his investment"

I think most successful people are smart.

In my younger days, living in LA, I went to Vegas fairly often to gamble.

My technique was streak betting. I would bet at a blackjack table until I hit a winning streak, and then move to the crap table for intense betting until I thought my winning streak was waning.

When that happened, or I thought is was going to happen, I would begin hedging my bets by betting on the don't come line. Betting against myself.

It doesn't make any difference who is holding the dice, if the roller makes several passes, the odds go up that the roller will crap out on the next roll, so it is smart or intelligent to bet against the roller.

But it doesn't always work. If the roller makes 4-5 straight passes, then the odds say he won't make the next, so you bet against him. But, if the roller goes on to make 12 straight passes, and you are betting against him on each roll, you lose your ass, and have to go back to the black jack table, until you hit another winning streak.

And if that happens multiple times, you may lose your entire gambling stake, and have to go home, with your tail between you legs.

[JPG]

[WashingtonSource]

Bump

[Eric in the Ozarks]

Pigs get fat.
Hogs get slaughtered.

[expat_panama]

the smart thing to do and has nothing to do with market direction

Like when we bet with the life insurance salesman that we'll die and we're happy when he wins the bet.

[ronnie raygun]

Russia thru him out on his a## when he tried his manipulating we need to do the same but thier are to many criminals who are paid off

[txrefugee]

Why did we let this criminal into the U.S.? He has a history of destroying the economies of the places cursed with his presence. He should be deported to any place without a stock exchange.

[cashless]

one of the 10 most evil people on the earth and to be so rich, he is nothing more than worthless human debris.

[teg_76]

Could it be all inflationary driven by the Fed printing money? Maybe it is out ahead of other items on inflation and represents a new normal and there will be no popping of the bubble. Once other goods like food catch up in terms of inflation then people who’ve been completely in the stock market would have the same buying power as they did in 2008, even though they’ve made healthy returns from the market. Those out of the market would be worse off....thoughts?

[Soul of the South]

“Problem with Soros is that he knows the people who could make a market crash or a currency crash happen, in fact he could pull the strings and make the currency crash happen which would crash all markets. Could be he already knows what is coming.’

The media and the press tend to ignore the sudden run on money market funds in September 2008 that contributed to the 2008 financial crisis. This event was the real trigger of the liquidity crutch requiring massive Federal Reserve intervention in the markets.

We have never been hold what individuals or what institutions were involved in that run on money funds. At that time the financial system was a house of cards but it took action by still invisible actors to bring the house down. Could it have been Soros?

http://useconomy.about.com/od/criticalssues/a/bailout_cause.htm

[American in Israel]

I wonder what the expiration date on his bets are. Did his first set expire?

[Foundahardheadedwoman]

I don’t know. They could be leaps, good for 6 months or a year, if I remember correctly. I would put down a bet or two but if they pay in dollars I don’t see the point.

[Foundahardheadedwoman]

“We have never been hold what individuals or what institutions were involved in that run on money funds. At that time the financial system was a house of cards but it took action by still invisible actors to bring the house down. Could it have been Soros?”

Not Soros alone, but a group of conspirators could well have. Conspiracies exist, we and a couple of previous generations are the only people dumbed down enough to believe they don’t.

[pieceofthepuzzle]

“China has stopped buying our debt”

Yes, but we owe them so much that hurting us markedly hurts them. It’s the old adage; If I owe you $100,000, that’s bad for me. If I owe you a trillion dollars, that’s bad for you..

[aquila48]

Excellent points. Unfortunately our “conservative “ media can be just as bad at reporting half truths as the other side.

We have to be vigilant of both.

[Leaning Right]

Rich people typically use puts to protect their investments.

That is my guess also. I don't see any dark conspiracy here.

[SkyPilot]

The Bible predicts economic collapse before the rise of the Antichrist. I believe we are living in the last days. Moreover, the Antichrist rises on two fronts: economic collapse and world war. He promises peace and a “solution” to the world's economic collapse. Then, he enslaves Mankind and forces the entire world to worship him. So non, there isn't a false hope that this won't happen and there are no easy escape routes. The only solution is Jesus.

[SkyPilot]

The powers that be have been able to delay the collapse for several years. By the end of 2015, the collapse will be complete.

[Foundahardheadedwoman]

The way I heard the old saw was if you owe the bank a 100k the bank owns you, if you owe the bank 10 million you control the bank, they can’t let you go under.

Here might be the part you are missing, the US is the richest country in the world in natural resources of almost every kind, our assets in mineral wealth alone dwarf our debt. Who is the largest property owner in the US? The Feds, by controlling our so called public lands. We recently saw just who the real owners are when national parks and monuments were shut down against the will of the people. For the most part pretty much all coal, oil, and natural gas are largely untapped, especially offshore. Our timber, the timber not burned by the bad management practices of the Feds, is also largely untouched. Not to mention our infrastructure, all controlled by the Feds.

What is to stop the impostor in the WH from picking up his phone and magic pen and paying off the owners of our debt? See any reason he wouldn’t do it? I can’t.

[Foundahardheadedwoman]

There is no longer any difference between business and politics, remember John Corzine and whatever Global, the fund he ran that ended up short over a billion of off limits customer funds, and he and everyone else involved walks away. He was also a huge fundraiser for Obama. Remember Solara, large government loans, co. milked, bk declared, owner a fundraiser for Obama and walks also.

I am sorry to have to tell you this but it appears to me that both the business world and the political world have gone over to the dark side. Excuse my spelling, even spellcheck can’t figure out what I am trying to spell.

I forgot to mention that some companies might well benefit from a crash. Soros calls and stocks that he owns outright might be in a position to benefit. Without knowing what he is invested in, it seems hard to call him a bull. I also read somewhere that he has taken some large positions in precious metals, physical metal not paper. I don’t know how true any of this is but if it is, it don’t sound good for us.