Posted on 08/17/2012 4:24:39 PM PDT by blam
Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
Mac Slavo
August 16th, 2012
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.
What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.
When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen.
While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an “emergence of the new world order,” if there’s anyone with an inside track of where things are headed next it’s Soros.
Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” has recently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering “one of the most dangerous periods in modern history”, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties.
This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.
Based on recent activity in Soros’ US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and he’s shifting his assets into what may be the only asset class left standing when it’s all said and done.
Soros, being the good America hating communist who used capitalism to get rich that he is destroyed the economies of a couple of countries in Europe and has been targeting the USA for a dozen plus years. He is now preparing for the last phase of his plan. My guess is that the 3rd round of ‘quantitave easing’ or ‘turning on the printing presses to devalue the currency’ that we’ve seen the BH0 administration do in the last couple of years, will set off the final collapse.
But when will it happen, before or after the election?
Corn Fuschas say, "The worst thing that can happen is that we get exactly what we deserve".
Indeed. Payback’s a bitch, though...
Thailand.
Welcome aboard!
me: he bought a new wife so should be happy
null: marriage isn’t a happy situation
He knows this is going to trigger the Marxist-Leninist condition referred to as the Dictatorship of the Proletariat an intermediate stage on the road to world communism after Obama pushes the US economy over the fiscal cliff with the lame duck congress. Soros is no fool so he's hedging his bets by dumpimg securities and getting heavily into off shore metals.
He knows this is going to trigger the Marxist-Leninist condition referred to as the Dictatorship of the Proletariat an intermediate stage on the road to world communism after Obama pushes the US economy over the fiscal cliff with the lame duck congress. Soros is no fool so he's hedging his bets by dumpimg securities and getting heavily into off shore metals.
5.56mm
Shut down all automated trading.
“The old dried-up toad “took action to” MAKE it happen.
$550 billion leaves the market in 2008 right ahead of the election— Bush looked scared, McCain looked scared and Bath-House Barry looked bored. (Bath-house knew).”
Bingo.
Actually re France See Polanski, Roman - No extradition to USA
There was also some greenie professor who left his girlfriend in a trunk in the US and stayed in France for 20+ years.
Even if there is a treaty the fine print can keep one “safe”.
Mexico, for example, will not extradite anyone to the US if the “extraditee” faces the death penalty.
As far as Russia goes I think who ever can pay the most wins. ;-)
Ira Einhorn, I forgot that. They eventually got him back here somehow.
Soros is a lot older and richer.
Eat the Rich!
Lets start with Soros!
Can it buy fireproof floaties?
He just got married and started listening to his spouse’s advice. A big mistake.
Ira Einhorn, I forgot that.
Whose defense atty managed somehow to have him released on his own recognizance. While charged with murder one, whereupon Ira immediately skipped off to France. Who was that atty? Why none other than Arlen Spector. Some kind of real court room magic to achieve that. Never before or since.
In the fwiw department, Einhorn was extradited to the U.S., and Polanski was shipped to Switzerland.
You are correct about the "fine print."
5.56mm
I think he will be a floatie...
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