Posted on 02/27/2010 4:12:50 PM PST by mtnwmn
'at centre of hedge funds plot to cash in on fall of the euro'
A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro. Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports. A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented. At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar. The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland. But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds. The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros Fund Management, warned in a newspaper article that the euro could 'fall apart' even if the European Union can agree a deal to shore up support for stricken Greece.
Read more: http://www.dailymail.co.uk/news/worldnews/article-1253791/Is-man-broke-Bank-England-George-Soros-centre-hedge-funds-betting-crisis-hit-euro.html#ixzz0gmhF5oqX
(Excerpt) Read more at dailymail.co.uk ...
I expect the left will go after the Daily Mail. It has really been a bee in their bonnet.
George Soros is starting to sound like something out of an Ian Fleming novel.
I’ve been saying it for years. Soros is the closest thing to a Bond villain ever to appear in real life.
Who might his partners be?
LOL! I just finished saying the same thing to myself (aloud, unfortunately...) minutes ago. He's one creepy individual.
One thing’s for sure - Obama’s his Mini-Me.
After he helped the Nazi’s during the Holocaust, I cannot figure why the Mossad hasnt removed him as a piece of filth.
Ernst Stavro Blofeld, David Rockefeller, and Al Gore as the useful idiot goon. Other possibilities include:Auric Goldfinger, Dr. Julius No, Wen Jiabao, and of course many useful idiot goons like Jimmy Carter, and Ben S. Bernanke.
Unfortunately SPECTRE is operating in the open and MI6 has been mothballed due to the PC policies of PM Gordon Brown and the Labor party. The 00 designation has been repealed - pity there is so much good that can achieved a single 50 caliber piece of lead.
Who the hell is this Soros exactly?
He fancies himself quite the philosopher.
” Soros is the closest thing to a Bond vil “
I’d like to get him on that video “World Domination” game that shocks you when you lose.
I wonder the same thing. He is a Hungarian Jew, a committed hardcore leftist, pro-Islamic terrorist backer, hates Israel with a passion, hates the U.S. with a passion...why has Mossad especially allowed this bastard Soros to live. I would think they would take Soros out, if anything, just to serve as a warning to other Jewish traitors & backstabbers.
It’s funny watching all these liberal paradises fail due to the “greed” of the billionaires in charge.
I guess doing the work of “the people” has it’s privileges....
The Depository Trust Company (DTC) is the world’s largest securities depository, holding nearly $19 trillion in assets for its Participants and their customers.... Last year, DTC processed over 164 million book-entry deliveries valued at more than $77 trillion.
The Federal Reserve Corporation, a/k/a The Federal Reserve System, is also a private company and is not an agency or department of our federal government. The Federal Reserve Board of Governors is listed, but they are not the owners. The Federal Reserve Board is nothing more than a liaison advisory panel between the owners and the Federal Government. The Federal Reserve mandates that the Depository Trust Company process every securities transaction in the US.
It’s no wonder that the Depository Trust Company (including the Participants Trust Company, now the Mortgage-Backed Securities Division of the Depository Trust Company) is owned by the same stockholders as the Federal Reserve System.
In other words, the Depository Trust Company is really just a ‘front’ or a division of the Federal Reserve System. “Depository Trust Company is 35.1% owned by the New York Stock Exchange on behalf of the Exchange’s members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a unit of the Federal Reserve.” - New York Stock Exchange, Inc.
If you’re not aware how the system works, you should visit or call a stock broker or bank and instruct them you want to purchase some shares of common stock or a small municipal bond, for example.
They will set up a brokerage account for you and act as your agent with full durable power of attorney (which you must legally sign over to them) to conduct business on your behalf, upon your buy or sell instructions. The broker will place your stock or bond purchase into their safekeeping under a “street name”.
The Depository Trust Company’s private holding company or street name, as shown on certificates is shown as either “CEDE and Company”, “Cede Company” or “Cede & Co”. The banks and brokers are merely custodians for their clients. By federal law (SEC), they cannot hold any assets in the customer’s name. The assets must be held in the name of Depository Trust Company’s holding company, CEDE & Co.
That’s how Depository Trust Company has more than $19 trillion dollars of assets in trust... or is it really in “trust” if the private Federal Reserve System is technically holding it in their “unknown” entity’s name?
Obviously, if stock and bond certificates you’ve purchased aren’t in your name, then the “holder” (the Federal Reserve System) could theoretically refuse to surrender them back to you. The Depository Trust Company owns that bond or stock, not you.
Rather than in your name, it’s registered (as the legal Registered Owner or agent) in their “street name”.....Cede & Company.
Cede & Co.
c/o The Depository Trust Company
7 Hanover Square
New York, New York 10004
George Soros and Quantum Partners. Cede & Co. is under:
- SOROS FUND MANAGEMENT LLC. in Delaware
- Quantum Industrial Partners LDC in Cayman Islands
- QIH Management Investor, L.P. in Delaware
- QIH Management, Inc. in Delaware
- Stanley F. Druckenmiller
- Duquesne Capital Management, L.L.C. in Pennsylvania
NOTE: Reuters recently reported that tiny Delaware surpasses Switzerland in financial secrecy.
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