It Begins… Soros Bailing Out of US Stock Market
Posted by Jim Hoft on Wednesday, August 18, 2010, 10:55 PM
Maybe he knows something we don’t?
Far Left billionaire, democratic donor and Obama supporter, George Soros is bailing out of the US stock market. The value of billionaire investor George Soros’s hedge fund dropped by 42% to $5.1 billion at the end of the second quarter.
Economic Policy Journal reported, via Free Republic:
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.
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Published May 24, 2012 at 8:46 pm - 91 Comments
shibumi commented:
Soros likes to destroy nations and their currencies.
He’s getting out of the US market.
And is now in…. gold.
Doesn’t bode well.
Becca commented:
just deport the scum or something…get the trash out of here!! I can’t wait to watch Sore-ass spend all his money on dems that couldn’t be saved by the Lord himself!!
bg commented:
++
ht S. Wolf
Open Society Institute Office Raided
[Some of the fund's financial and legal documents, its archive, grant letters, computers and private possessions of employees, including passports and employment books, "were taken away in an unknown direction," the institute said in a statement.
"I fear that we have lost the records of our 15 years of activity," Kuzmin said,
adding that the confiscated property was worth more than $4 million.]
how convenient..
==
LimoLibsStink commented:
George Soros:
I just got word from Barack Hussein and Timothy F’n Geithner that the economy is about to collapse under the weight of the new 0bamacare bill.
Trillions upon trillions of new US debt must be issued to the world to cover all of the Union Members benefits and political graft. The dollar will fall to somewhere between the Mexican Peso and the Russian Ruble or about $.01 to $.03 soon.
Worse, American Tax rates will be at least doubled and my tax exempt “non-political” political organizations are under scrutiny.
I am sad to dump American stocks. Ha ha. But, I am glad to take part in demolition of the American economy. The more American’s that are out of of a Job the better I feel. I am rich! I deserve a Noble Prize for my important part in this destruction of America!
My Limousine is baking in the sun as it belches fumes. I have always enjoyed wrecking countries like the UK and America and I have gotten rich off of doing so. But, I must Move On. Good Day.
Indigo commented:
If the anti-Christ is here in our midst, it has to be Soros.
Pinkie French commented:
Soros is pure evil.
Opus #6 commented:
Soros’s plans are proceeding apace. He must be in phase two.
gus commented:
Obama allowed INFANTICIDE when he was a Illinois Senator.
What else could be more evil??
Folks, Evil is Evil.
Pitbullll commented:
Soros will put his money in foreign oil since he knows Obama won’t be allowing any domestic production anytime soon. And gold…
P. Aaron commented:
Why ‘buy low’ when you’ll be able to buy lower?
I also blame Obama and the ass-brained voters that elected him. I blame the ass-brained ruling-class democrats for wreckless legislation and spending that has devastated our economy.
Estragon commented:
Well, I doubt this means what the Ec. Journal writer supposes it means. Large investors like Soros, evil pig that he is, will tend to move money out of markets to preserve profits. It doesn’t necessarily mean they believe the markets will collapse or even go much further down (although in our case it is definitely a strong possibility).
It’s part of an overall investment strategy. You take some of your profits out of play from time to time and move into something else. Buy and hold is not the way these guys do business.
I also suspect there has been no sudden move to gold, but that he has averaged in slightly over time. That’s just the way it is done with large fortunes.
Soros made his money on currency speculation and in questionable banking activities in the Cayman Islands. But this isn’t his speculating account, it’s the fund designed to keep him mega-rich for the rest of his life, and it will move much more cautiously.
Khan Krum commented:
Hi Opus #6! Did you not mean *we* must be in phase two? Probably just a typo.
mrt commented:
“Maybe he knows something we don’t?”
A little Obama/Soros ‘insider trading’?
Wouldn’t be the first time:
In September of 2009, Soros purchased 7600 shares of BP stock.
In December, (just a few months before the rig exploded), he sold it all.
http://www.gurufocus.com/StockBuy.php?symbol=BP&GuruName=George+Soros
Then:
“Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations?”
http://politisite.com/2010/06/21/soros-invested-in-petrobras-days-before-obama-invested-billions-special-prosecutor-needed/
Hmmmm.
Could be pure coincidence.
Or not.
squeaky commented:
OT from doug ross – $200 million for signs. i wonder who had the contract and while they want obama’s name on the signs they won’t want his name on the boondoggle that is left.
http://directorblue.blogspot.com/2010/08/200-million-in-stimulus-construction.html
republicanmother commented:
Reminds me of the online video, The Money Masters. There’s a great story in there where the man who as a little boy used to go to church with Joe Kennedy. One day Mr. Kennedy came to their house and told his dad to sell all his stocks that summer (1929) and ask no questions. None of the “money trust” people who helped set up the Federal Reserve lost a penny in the stock market crash.
arnonerik commented:
Thanks in part to Soros and his “political investments” in the far left organizations and people, we are teetering on the brink of an economic abyss. If we go over the edge, he hits his biggest jackpot with the most morally corrupt investment he ever made.
bg commented:
++
mrt @ 6:05 am #18
hmmm, posted about other such “coincidences” a while back..
BP chief Tony Hayward sold shares weeks before oil spill
Goldman Sachs sold $250 million of BP stock before spill
BP Chief Sold Stocks Shortly Before Oil Rig
Explosion, Goldman Sachs Sold Shares
not to mention their relationship to Obama,
but we all know how that goes by now..
‘Obama Biggest Recipient of BP Cash’
Goldman Sachs was top Obama donor
Top Contributors
more coincidences?? oh yeah, that’s the ticket!!
coincidental coincidences hmmm hmmm hmmm..
==
Mats commented:
Obama’s sugar daddy moving out? THat outta tell us something.
Kathy from Kansas commented:
Soros is more than a “donor” or “supporter” of Obama. I believe Soros is the single biggest agent in putting Obama in the White House.
And, Gus (at #9), you are absolutely right. Anyone with half a lick of decency should have been able to see how sick/evil Obama is. Any “Christian” who knew Obama’s record on infanticide and voted for him anyway needs to get down on their knees and repent.
Soros is, in my opinion, one of the most wicked people alive–but even Soros would not have been able to pull off the Obama scam if it hadn’t have been for the willingness of millions of American “Christians” to blind and deafen themselves.
Olivia1998 commented:
Soros selling stock? this is a scary sign. That’s how he destroyed other countries which by the way he can’t visit these places. In some he has charges against him. Why have we allowed him in America? Democrats! I think there going to try and put the final nail in the American economy. It’s a desperate grab but their panicking. Obama didn’t work out for him and he wasn’t fast enough so Soros is stepping things up with Nov glaring at them
Chippy commented:
This guy is a total turd. Mr. Flash Crash is running away very rich after raping America politically and financially. Please…somebody with a pooper scooper needs to find this a$$hole.
Kevin P commented:
I thought it at the time and still think it. $4 / gallon gasoline in the months leading to the 2008 election was manipulation of the market by Soros.
Why?
1). Make it look like Bush = evil oil
2). Weaken economy
3). Pave way for opposition party to win
4). Gasoline was below $2 almost immediately afterward the election
5). Soros was one of the few funds to make money during that time frame
6). Gasoline prices aren’t set by the evil oil companies – they’re set by Wall Street and what oil is trading at.
7). Soros has the financial means to do so.
8). Soros has no qualms about destroying markets.
9). Destroy the economy assured a Republican loss in 2008.
Kathy from Kansas commented:
Kevin P,
Ditto, plus, Soros almost certainly engineered the precipitous September 18, 2008, run on the money markets that triggered the economic downslide that turned the election.
http://www.rushlimbaugh.com/home/daily/site_021009/content/01125106.guest.html
Remember, McCain was finally leading in the opinion polls–until the September 18 disaster. Voters panicked, and turned to Obama. McCain never recovered, and the rest is history.
I saw Soros’ fingerprints all over it at the time, and still do. But read the Rush transcript. He floats the possibility that it might have been enemy nations such as Russia, China and/or Venezuela. (Although that scenario doesn’t necessarily rule out some role for Soros)
republicanmother commented:
Soros is also a member of the Carlyle Group, which is also heavily associated with the Bushes. He’s a Bilderberger, a former member of the Board of Directors of the Council on Foreign Relations. And I believe their point man for funding and organizing the hard core liberals in this country. This is total Hegelian dialectic control going on – don’t be deceived – seek out and find the “head of the snake”.
Alana commented:
I hope to outlive this one. If so, I will celebrate that day.
Kevin P commented:
Kathy from Kansas #29 – thanks for that link – and he did mention Soros as well.
Yeah – McCain was finally ahead in the polls? And why? Sarah Palin!!! That’s why.
He had to be stopped at all costs – and Soros wasn’t about to lose another election. Since he lost the Kerry election.
bg commented:
++
republicanmother @ 9:24 am #30
re: [“head of the snake”]
just a sample..
UN
["My hope is that this charter will be
a kind of Ten Commandments" -MG
"The real goal of the Earth Charter is that it will
in fact become like the Ten Commandments" -MS]
Islam
[Today, the responsibility, which used to be laid at
the door of God, is fastened on the shoulders of man.]
1972 United Nations Conference on the Human Environment (Part 1)
1972 United Nations Conference on the Human Environment (Part 2)
Al Gore, The United Nations, And The Cult Of Gaia (1999)
Eco-economic Warfare and the Planned Collapse of Western Civilization
[At the UN, Strong would go on to become Director of the United Nations Environmental Programme (UNEP), Senior Advisor to UN Secretary-General Kofi Annan, and Chairman of the Earth Council. He would also become Chairman of the World Resources Institute, Co-Chairman of the Council of the World Economic Forum, and a member of Toyota's International Advisory Board. Strong's most influential role to date, however, has been as the Secretary-General of the 1992 UN Conference on Environment and Development (UNCED -- aka the Earth Summit) in Rio de Janeiro. It was this conference that gave birth to the Earth Charter and Agenda 21, which would lay the groundwork for a completely managed global society run and managed under the auspices of the UN, under the guise of saving the environment.
It is people such as Maurice Strong, Mikhail Gorbachev, Al Gore, and Ted Turner that are at the forefront of the UN's environmental/depopulation agenda, at least at the visible/gofer level. The four are also members of, or have close connections to the Club of Rome. It is the Club of Rome that has been guiding the environmental movement since its creation at the Rockefellers' estate in Bellagio, Italy in 1968. It's aim is to reduce a large majority of the global population, as well as manufacture crisis through which the world can be "united" under a one world government, as was admitted in their 1991 publication, titled The First Global Revolution.]
George Soros, Maurice Strong and company redefine the Middleclass
Leftists Want to Grant Legal ‘Rights’ to Mother Earth
Glenn Beck: Meet Maurice Strong
[As recently as 2006, speaking from an air conditioned boardroom somewhere in Communist China, Maurice Strong—the same man who would deny air conditioning for you to save the environment—was hatching his latest anti-American initiative.
“Having cashed in his Kyoto credits and having launched his ManyOne Internet project from afar, Strong is back on the international scene, ready or not. With his latest comeback, the elusive Strong is stepping back into the limelight after his alleged links to the UN Oil-forFood scandal took him off the radar screen for more than a year. This comeback sees Strong teaming up in the biz world with George Soros. The deadly duo aims to flood the American market with cheap Chinese-made cars. (Strong & Soros in Business: A Partnership from Hell, CFP, June 15, 2006).
[..]
All that President Barack Obama is doing to transform America and the Free World over to One World Government begins and ends with one Maurice Strong. Soros is merely the financier.
Here, in his own words, is what Strong wants for the middle class: “It is clear that current lifestyles and consumption patterns of the affluent middle class—involving high meat intake, consumption of large amounts of frozen and convenience foods, use of fossil fuels, appliances, home and work-place air-conditioning, and suburban housing—are not sustainable. A shift is necessary towards lifestyles less geared to environmentally damaging consumption patterns.” (1992 Rio Earth Summit 11).]
==
Kathy from Kansas commented:
Kevin P,
BINGO.
bg,
You’re right. As creepy as Soros is, at least people have heard of him. Maurice Strong may be even more dangerous because so few even know of him. And while Soros seems to be completely amoral, Strong is into all this bizarre occult New-Age Luciferian weirdness.
Rinehart Video Productions commented:
What if Soros dies? It could happen. He’s not a spring chicken. That ticker could go askew any day now.