Do Insiders Know Something Big is Coming ? (companies, investing, extension)
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Guys like Soros and hedge fund managers don't have any more of an idea of what's going to happen in the future any more than you or I do. They have lots of money, and they spend all day worrying about how to play all the angles, so you see them making lots of bets in all directions.
Except that they probably do on certain triggers. I for example know that wage inflation very well leads to asset inflation but not the reverse. We have a money pump that requires asset equity. So they will keep trying to weaken the dollar because none of the usual measures asuming asset equity can work. . Not everyone seems aware of this which is why I have been telling people they are wrong about inflation for quite some time. I also suspect, probably like they do, they will weaken the Euro, and it will happen when Germany discovers it has no markets.
They can't tell the future like being hit by a gold mine meteor shower, but people are going to react to news about currency weakening measures whether they actually work or not. It is coming. QE3 won't work at all but I don't think Germany is debt saturated so they may actually weaken that currency for a spell. They will soon see that do nothing. If they start monetizing sovereign debt, that will wake up gold.
Soros made his money basically in money laundering. I've been reading stories about him lately being at various world conferences--if he thinks there's going to be some kind of collapse, I'd be more likely to think that he's either behind it, or in place to profit from it.
From everything I've read of him, he seems to lean towards being Socialist. Is anyone here getting a different impression of him?
Wow who knew there was an economic conspiracy thread here?
George Soros and other closely followed big investors are more often wrong than right. They get rich when a call goes very right. Most calls are quickly seen to go wrong and as all big investors do they quickly bail out when things go wrong. So maybe Soros thinks doom is imminent...or he just sees a 10% bounce in gold. Stop assuming the worst is looming when you don't even have a clue what he or his strategists are thinking
From everything I've read of him, he seems to lean towards being Socialist. Is anyone here getting a different impression of him?
You are absolutely correct about that. Liberal socialist to the core, and a multi-million dollar contributor to Democrat PAC groups and "progressive" liberal causes.
It would in the financial collapse scenario. Currency instability and all that are perfect for gold valuation.
My dictionary says that "to collapse" an institution is for it to 'fail suddenly and completely.'
If the financial system were to collapse (doomsday scenario, basically) the markets would be gone. The good folks at SPDR won't send out an armored truck with his share of the gold. Increasing a position in any ETF is a bet that the system will continue to function.
Soros would sink his capital into a compound out in the middle of Nevada if he expected collapse. Of course, his information isn't better than yours. Being rich doesn't mean you can see pandemics or asteroids coming
Yeah. As if anything from a blog called "the economic collapse blog" is unbiased
Soros is likely just rebalancing his portfolio to his goals. I love it when bigwigs do stuff like that and all the conspiracy theorists claim "ZOMG THE WORLD IS ENDING AND THIS IS HOW I KNOW IT I CAN'T UNDERSTAND IT ALL BUT IT JUST SAYS IT!!!!11~~~`111`~!"
Calm down, breathe, and look at objective data. Why would he buy a bunch of gold only to have another quote from him later saying that the best case scenario is deflation and worst case is collapse?
If people really thought the economy was going to collapse then such powerful people would be hoarding their supplies, family, possessions, etc. onto private islands, and buying security and guns, NOT gold. Gold isn't very nutritious, nor does it taste very good.
You can look forward to another Executive Order 6102 before that happens. The government isn't going to just let people set up a parallel payment system they have no control over, they will force you to use their devalued dollar by seizing your gold and silver.
There are several parallel currencies already in existence in this country.
My dictionary says that "to collapse" an institution is for it to 'fail suddenly and completely.'
If the financial system were to collapse (doomsday scenario, basically) the markets would be gone. The good folks at SPDR won't send out an armored truck with his share of the gold. Increasing a position in any ETF is a bet that the system will continue to function.
Soros would sink his capital into a compound out in the middle of Nevada if he expected collapse. Of course, his information isn't better than yours. Being rich doesn't mean you can see pandemics or asteroids coming
You can sense almost an air of desperation from David Kostin, Goldman Sachs chief U.S. equity strategist, in his latest note to clients as he pleads with them to take money out of stocks before they fall off the fiscal cliff.
Are you really so unfamiliar with Soros's history in being a role player in the currency collapse of other nations?
Quote:
Originally Posted by eskercurve
.............If people really thought the economy was going to collapse then such powerful people would be hoarding their supplies, family, possessions, etc. onto private islands, and buying security and guns, NOT gold. Gold isn't very nutritious, nor does it taste very good.
Ummmmmm.....people are doing just that and including precious metals as well as food storage, hybrid seeds, mini-homesteads, etc... . Gun sales are through the roof and manufacturers cannot keep up.
Last edited by lifelongMOgal; 08-21-2012 at 11:38 PM..
Ummmmmm.....people are doing just that and including precious metals as well as food storage, hybrid seeds, mini-homesteads, etc... . Gun sales are through the roof and manufacturers cannot keep up.
Nope, powerful people aren't doing this, regular people are. Preppers. And gun hobbyists. They're buying guns because what do people do whenever bad news happens? They buy guns.
People like George Soros would have obviously done major purchases and people would have caught wind of it if enough rich peole were doing that. From my sources, they're sitting pretty.
RE: the ability of the dollar to be printed to no end, the same story has been told again and again. During the Reagan years, during Vietnam, during the Iraq war I, everyone has been saying that we're going t be printing money to oblivion. And it hasn't happened yet.
Long term a balanced portfolio of stocks, bonds, real assets, and money (the printed kind) fare the best, and Soros is just doing what smart rich people do - rebalance their portfolio.
In the coming year paper money will be worthless, the only real money will be gold and silver.
But what if you knew the us debt bubble was going to pop soon making the us dollar worthless too.
Where would you be putting your money to preserve your wealth?
I wouldn't be putting it into gold, that's for sure. The govt. will confiscate it for certain--just like they did during the Depression.
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