Posted on 08/18/2010 8:33:28 PM PDT by The Magical Mischief Tour
Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management.
Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management.
He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer.
His biggest positionb at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million. Among the stocks that Soros added to the funds portfolio were Akamai Technologies, Salesforce.com, Netflix, and Chipotle Mexican Grill.
WE bailed out in February!
He may actually have been too heavy in the market as a way to keep Obama from looking too criminal for awhile.
As far as I’m concerned. Soros is a criminal. He is worse thana criminal he is a demon from hell who saved his ugly hide during Hitlers reign be selling out his own people. When I see that disgusting grin and his beady eyes I see someone who has no soul. He has so much money he plays with countries and peoples lives for profit and for pleasure. Satan stalks his soul.!
As far as I'm concerned. Soros is a criminal. He is worse than criminal he is a demon from hell who saved his ugly hide during Hitlers reign be selling out his own people. When I see that disgusting grin and his beady eyes I see someone who has no soul. He has so much money he plays with countries and peoples lives for profit and for pleasure. Satan stalks his soul.!
the typo gremlin got me again!
We were in much better shape to survive during the last depression: infinitely more self sufficient as a country and as a people. We still produced most of what we consumed at home, and our morals and culture were much more intact.
I wouldn’t mind Writing it!
Yes. You may recall Soros spending $27 Billion on the Kerry campaign of '04 in an effort to defeat President Bush.
In 2008, he had no intention of losing, therefore he funded McCain, Hillary! and nObama. He aimed to win regardless of who assumed the position.
yep.
Yes ... Soros has a history of this :
On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England was forced to withdraw the currency from the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.”
The Times of Monday, October 26, 1992, quoted Soros as saying: “Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.”
Soros tells the West: We must reform to help poor
Soros is still blamed for triggering the Asian crisis of 1997 which started a chain reaction that led to the Russian loan crisis, the near collapse of the hedge fund Long Term Capital Management and finally the Brazilian crisis in 1999. Mahathir Mohammed, the prime minister of Malaysia, famously called him a “moron”.
In his book, Mr Soros denies claims that he started the crisis as a “wholly unfounded”. He admits Soros Fund Management foresaw a crisis and “shorted” the Thai bhat and Malay ringgit - agreeing to sell stocks of the currencies it did not yet own.
Instead he blames the international financial system and argues that this is one of the reasons why it needs to be more tightly controlled. Given that belief it is understandable that he should be surprised to be subjected to a barrage of insults during a recent debate the opponents of with globalisation.
http://www.independent.co.uk/news/business/analysis-and-features/soros-tells-the-west-we-must-reform-to-help-poor-688016.html
91 posted on Tuesday, February 17, 2009 12:07:22 AM by dervish
Soros Calls His Felony Conviction in France “A Gift to My Enemies in the U.S.”
http://larouchepac.com/news/2009/02/24/soros-calls-his-felony-conviction-france-gift-my-enemies-u-s.html
Soros’s indictment arose from a vast scam targeting one of a France’s oldest, nationalized banks, Société Générale (SocGen) for privatization. Eleven high-level financial operatives were indicted in the scam; some, like Robert Maxwell, and Edmund Safra, were killed in mysterious and bizarre accidents while the case dragged on. Soros was the only one found guilty. The date of the appeal argument in Strasbourg is not yet known.
Soros has destroyed at least 5 different countries currency just to line his own pockets.
Soros and Russia, too? [excellent and informative article]
http://www.americanthinker.com/2008/02/george_soros_and_the_alchemy_o.html
do you think the flappers and the yuppies will be regarded any differently by history?
You’ve still got to watch out for that lysdexia though.
I don't see him pledging one red cent of HIS money to help the poor. People are starving and he is destroying economies. I know some articles describe him as a philanthropist but he only does things that profit him and his beliefs and no one else.
I believe he is in his 80s and he doesn't realize that tomorrow he could be deader than a door nail and his body be lying in a dark casket with NOTHING in his pockets and his soul acquired by Satan himself. He is a wretched, a moral little worm - no one will morn his passing maybe except the people on his payroll.
My take is the risk in the stock market, beside Democrats ruining it all, is the inflation of the stocks you hold beats out the stocks Democrats put out of business.
I left most my old 401k alone because the service fee was $0.07 per $100, where it is usually $1.50 per $100. I also had some roll-over, but I am a long term bull, being if Democrats ruin it all, we are all going to be mad and poor.
we survived the last depression ok...I would even argue that it produced a very fine generation of people. There will indeed be some temporary (10-12 years) pain, but in the long view, we will have shaken off a lot of dead weight. (inefficient businesses, bad debts, etc)
Germany, Italy and Japan reacted to the Great Depression by putting fascist dictatorships in power, and USA came darn close to fascism under the New Deal.
Or maybe $27 Million.
Bought high and sold at all time lows? Ouch.
Consider me foolish, and I guess only time will tell, but I’m long F and RSO, among a few others.
The rat smells a rat?
I think he’s just f’ing around. trying to scream fire in a crowded theater sort of thing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.