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Multibillionaire Soros Has Sold Bank Shares and Bought Gold

Written by Gary North on August 17, 2012

George Soros has made his money making high-risk trades, especially in currencies. He knows how to make money. Lots of money.

He is also a verbal defender of what he calls the New World Order.

He has sold his shares in large American banks. He has bought gold.

Why would a big Obama supporter do this? Because he is a skilled investor.

One commentator notes:

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.

I say, good for him. He has at long last come to this position Ludwig von Mises took in 1912. Better late than never!

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15 thoughts on “Multibillionaire Soros Has Sold Bank Shares and Bought Gold

  1. He has underminded our system through the puppet obammy, now is waiting for the payoff !!!

  2. AustrianJim says:

    I wonder how much physical gold he has taken delivery of. All the article discusses is his investment in "shares" of "GLD." He could get caught in the storm himself. He's lost faith in the global financial system, but not yet total faith.

  3. Sam Damon says:

    Soros is pure evil.

  4. I read in an article once that he said it was "fun" to manipulate currencies and countries. Destroying America and all she stood for is all just a big game to him.

    I would like to see this traitor taken out in a drone attack…Having "fun" now mother-f-er?

    Is this clown even a US citizen?

  5. Anita Williams says:

    I have asked that question many times, "Is Soros an American citizen?" Found no answer as yet! Our forefathers may have tared and feathered this jerk, and run him out of our country. Political correctness, another stupid idea, has seen to it that America's hands are tied. Maybe just for now. 😉

  6. […] the onset of deflation and printing too much could lead to hyperinflationary currency collapse.READ MORE August 17th, 2012 | Tags: Crash, gold, Sold shares, Soros | Category: Uncategorized […]

  7. Welcome to stupidity. George Soros got rich by telling the world what he planned to do, or was doing, and then, when everyone thought they were so freekin smart by following him, Georgie di exactly the opposite and cleaned their clocks. An announcement coming from his PR factory probably means he's prepared to SELL GOLD after a rally and has options to buy bank stocks especially in foreign countries..

    If you wamt to be a sheep, prepare to have your coat made into a sweater.

  8. Let's see now–Soros turned 82 on August 12. I don't know how much longer he plans on living, but these wheeler-dealer games in the twilight of one's life strike me as (choose one or more): absurd, insane, tone-deaf to reality, hubristic, wishful-thinking, flippant, trivial. (Feel free to add some of your own.) Right now Soros' wealth makes him one of the most powerful men on earth, but the instant he passes into eternity, it will be as though it had never been, as far as he's concerned. And that day could be tomorrow, given his age. Sorry for the reality check, but I just had to say it.

  9. Well, he's evil enough to be able to "fix" our elections in Nov. How?? Simple. The ballots will be on software owned and counted in Spain (A Spanish company bought the US-designed software). This company got the contract to do this with Soetoro's influence. NOW, the kicker. This software company is OWNED by ————— None other than George Soros!!! The same George Soros who bought and paid for Soetoro. Nice mix, huh????

  10. stan in texas says:

    Good points about Soros' age but my guess is that his wealth will forever be a thorn in our side as he will likely leave it to the Tides Foundation and literally dozens of other liberal think tanks that will continue funding the destruction of America.

    The man is pure evil and will burn in H3LL for what he has done.

  11. The head of the Company, is a former Illinois resident , who donated to Obama's campaign when he started his political career. How in the world did the US agree to allow our votes be counted by this group with questionable ties?? The votes are scheduled to be counted electronically in Spain, and might possibly be open to hacking. Couple this outrage, with the choice of the three moderators of the upcoming candidate debates, all are members of the Obama fan club. It makes you wonder who is responsible for the selection, and why no one is from Fox news? It's a well known fact that Fox news is not in Obama's or Soros good graces, but in the spirit of "Transparency" shouldn't the panel of Moderators be balanced? Is anyone allowed to ask if manipulation is in play?? Where are the GOP honchos while they are being steamrolled, by what appears to be more chicanery from the Illinois dirty trick manual ?

  12. John Myers Tea Prty says:

    CANED FOOD will be the NEW GOLD !

    On YouTube, "NASA Devistating Solar Storm Coming" and "Discovery Channel Solar Storm pt1" Rev. 8;7 describes power transformers blowing up. The Blood is the cooling fluid in side the transformer berrel. CANED FOOD will be the new GOLD !
    "Discovery Channel Mega Tsunami pt1". Rev. 8;8 and 9.

  13. LISTEN TO:

    * TruNews with Rick Wiles (Including the archives).
    * The PowerHour with Joyce Riley.

  14. thats wy europa trowe him out that hungarien jew, hi swindled lots of people in europa out of mone, frence told him never to come back ,like the rest of eorop , hi is evel to the core

  15. […] Multibillionaire Soros Has Sold Bank Shares and Bought Gold Reader, suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself. — Mark Twain […]