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 $638 million. Among the stocks that Soros added to the funds portfolio were Akamai Technologies, Salesforce.com, Netflix, and Chipotle Mexican Grill.
What Justice Department? You mean our Justice Department? The one in Washington, D.C.? Eric Holder's Justice Department?
Not even if he was wearing a uniform and clubbing voters outside a polling place.
ROFL
I’d love to see Darrel Issa taking up an investigation...he’s a got a few burners going already. It would be nice to think so, anyway.
may wish to cash it out, but I would not spend it...
If America is to have a prosperous future, the moneychanging racket of the globalized stock trade and consumer-driven economy should go away. The sooner that thing crashes, the less pain there will be when it does.
Those figures make my eyes hurt.
Me neither. The guy is not God.
I never was in. I do know all the kids love netflix. They all have it over cable. A lot of them only have Computers not tv’s.
As far as that goes, he can bail out on the country, too. And stop trying to run its government.
Too funny for coffee, thanks alot!%$@$!!!
I’ll be glad when Soros bails out of this world.
This is a MAJOR warning sign. Get out of the stock market now.
Oil and commodities may be the place to go IF the Iranian-Israeli crisis heats up, as you will get 2-4x returns.
Great post,love to see this JERK join Ted Kenndy.
Great Minds Think Alike!
The USA economy is half dead - This is designed to kick it into the grave still warm.
The Hindenburg Omen once again...1929 redux.
The poop will hit the fan by October.
Weimar Republic HERE WE COME!
He’s already on quite a few Patriot proscription lists, I understand.
I hope he has good security - especially if the economy tanks in October - this act will be long remembered.
Soros can run, but he can’t hide.
The numbers on the nation debt tell the next tale:
HYPERINFLATION!
This is one sure fire way for a country to go bankrupt.
The downside is that you wipe out most of the private wealth and radicalize the ruined, hungry and homeless middle class who look for revenge on the authors of their destruction in a bloody civil war.
The upside is that after a generation of war, destruction, famine and mega deaths, the happy times are here again!
Your advice?
I do not believe that the situation will reach the level of bovine scatology striking the rotating airfoil, but it will cause a lot of consternation.
There will be less money to spend because people will be making less money (from work, stock market, capital gains, etc.) Therefore, a Weimar scenario does not seem overly likely (the only way it could come about is due to goobermint spending but with a split government ind 2011 and beyond, that should come to a screaming halt). Also, we are at or just past the peak of the commodities cycle. This means that costs for goods and food ought to decrease in the near future (probably substantially) because the costs of their inputs will decrease. Oil should get down to a level again where we will be paying around $1 a gallon for gasoline probably in 2012ish.
I hope you’re right.
Do you work on Wall Street? Stock Broker?
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