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Just over 2 decades ago banker George Soros made his most famous investment by shorting the British pound and pocketing a billion dollars in the process. Since then he has become famous for betting on stock market crashes and in some cases even rigging markets to fail for his own gain.

Just months ago, Soros made headlines by making a billion dollar stock bet against the S&P 500. At the time this was said to be a sign of trouble ahead for the US economy, as Soros has seemed to have had advance knowledge of market crashes in the past. As a result of this reputation, investors have begun to keep a close eye on his holdings.

This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.

The Wall Street Journal reported that �George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)�

In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. �We witnessed the collapse of the financial system � It was placed on life support, and it�s still on life support. There�s no sign that we are anywhere near a bottom.�


http://intellihub.com/george-soros-...k-america-jp-morgan/#7RtlGoOt9yqC84Fj.99


Son of a liberal: " What did you do in the War On Terror, Daddy?"

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That makes me feel better. I bought gold miners too but I'm already down 10%.



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Son of a liberal: " What did you do in the War On Terror, Daddy?"

Liberal father: " I fought the Americans, along with all the other liberals."

MOLON LABE





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My Fidelity Select Electronics fund is up a bit over 13% YTD. Appears he may be right.


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After I lost my investmnet in Pegasus and the Homestake gold mines I went heavy into the energy secter.

jim


"Whensoever the General Government assumes undelegated powers, its acts are unauthoritative, void, and of no force." --Thomas Jefferson

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Solyndra?

Mark


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Originally Posted by arkypete
After I lost my investmnet in Pegasus and the Homestake gold mines I went heavy into the energy secter.

jim


Pegasus was a bunch of crooks.

They reorganized now as Universal Pegasus. I still smell that crookedness whenever I deal with them...Among others.


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That which does not kill us makes us stronger

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Soros is banking on his sock puppet, Barak Obama, being able to destroy America.


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Only a fool would put any credence in Al Jazeera.



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Quote
Only a fool would put any credence in Al Jazeera.



It's not hard to find other links grin

http://www.forbes.com/sites/chriswr...oking-to-china-to-replace-western-money/


Son of a liberal: " What did you do in the War On Terror, Daddy?"

Liberal father: " I fought the Americans, along with all the other liberals."

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Originally Posted by ConradCA

Only a fool would put any credence in Al Jazeera.


The story is true no matter who reports it, and many others have


One shot, one kill........ It saves a lot of ammo!

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