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Soros – One of the Greatest Threats Against Society?

February 10, 2018

Soros – One of the Greatest Threats Against Society?

It is no secret that I have no respect for George Soros and that is aside from the fact that we would often be on opposite sides of the market. I never saw Soros as a great trader. Even the reputation that he broke the Bank of England was nonsense. The “Club” was all on that trade and it was a guaranteed trade where if the peg broke, you made a fortune and if you were wrong, you got your money back. I was on the opposite side back then being called in by those in the British government. After a 7-year bull market in equities, Soros finally threw in the towel ending his bets on the stock market crash only after being wrong for so long.

Soros lost big time on the Russian manipulation when the “Club” was bribing the IMF to keep the loans to Russia going so they could make a fortune in interest rates. That failed and ended up in Long-Term Capital Management debacle. Soros lost $2 billion on that one. I believe he also lost when the “Club” was targeting the Japanese yen in 1999. So I never saw Soros as some fantastic trader. I believe he was just simply on the right side of a few big plays orchestrated by the “Club” and never by himself.

Macedonia 3-26-2017

I personally believe he is very dangerous politically. I believe he stands for control of the people and is always plotting for the manipulation of society. He appears to be always on the side of Marxist/Socialism which disturbs me greatly. This is just his political philosophy. There has been a rising movement against Soros on a global scale. This is one person who the world will celebrate his death – not morn it.

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The Big Picture

July 11, 2015

The Big Picture

The past four years or so have been extremely frustrating for investors like me who have structured their portfolios around the belief that the current experiments in central bank stimulus, the anti-business drift in Washington, and America’s  mediocre economy and unresolved debt issues would push down the value of the dollar, push up commodity prices, and favor assets in economies with relatively low debt levels and higher GDP growth. But since the beginning of 2011, the Dow Jones Industrial Average has rallied 67% while the rest of the world has been largely stuck in the mud. This dominance is reminiscent of the four years from the end of 1996 to the end of 2000, when the Dow rallied 54% while overseas markets languished. Although past performance is no guarantee of future results, a casual look back at how the U.S. out-performance trend played out the last time it had occurred should give investors much to think about.
The late 1990s was the original “Goldilocks” era of U.S. economic history, one in which all the inputs seemed to offer investors the best of all possible worlds. The Clinton Administration and the first Republican-controlled Congress in a generation had implemented policies that lowered taxes, eased business conditions, and encouraged business investment. But, more importantly, the Federal Reserve was led by Alan Greenspan, whose efforts to orchestrate smooth sailing on Wall Street led many to dub Mr. Greenspan “The Maestro.”

 

Towards the end of the 1990’s, Greenspan worked hard to insulate the markets from some of the more negative developments in global finance. These included the Asian Debt Crisis of 1997 and the Russian debt default of 1998. But the most telling policy move of the Greenspan Fed in the late 1990’s was its response to the rapid demise of hedge fund Long term Capital Management (LTCM), whose strategy of heavily leveraged arbitrage backfired spectacularly in 1998. 

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