Skip to comments....George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'
Posted on 02/26/2010 4:48:11 PM PST by Free ThinkerNY
A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro.
Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports.
A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented.
At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar.
The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland.
But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.
The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros
(Excerpt) Read more at dailymail.co.uk ...
isn’t this guy still wanted in Russia and if so why didn’t Bush not hand him over?
“Euro destined to plunge to parity with the dollar....”
Who would have thunk it? Time to visit Europe, before the Muzzies mess it up beyond recognition, and while the dollar has relative value there.
also I still say he was involved in the market crash just before the election.
It would not be the first time for him and it amazes me the hypocrisy how the left hate those with money but has no problem with Soros, Buffet and those in Hollywood
How much is enough, George? Is it necessary to destroy nations and impoverish people so you can buy Redwood Tree / Mahogany-blend toilet paper?
This guy again? I’m sick of hearing about this guy...Talk about turds that won’t flush! People will get up in Arms about a Banker making a $500,000 bonus for a job well done...but the media says nothing about a commie saboteur who wrecks econmies for personal profit.....(Gee I wonder why)
Soros isn’t the disease, he is the symptom. He is just an economic actor who profits from the fall of delusions. Our age is as delusional, myth loving, afraid to question fundamentals as any age. Soros knows this. Coupled with decaying, desperate decaying socialist economies, there is vast amounts to be reaped.
Government workers paychecks come in regardless.
Citizens all look for a savior.
Investors become more un anchored every day, and begin more to think of the unthinkable.
It’s past money now
He has no regard for human life and enjoys
manipulating people and governments.
Hey, that’s a great pic but shouldn’t Nancy, Harry and Obammie be facing the other way?
Should have the Banking Queen under his skirt.
Frankly speaking, I would not mind seeing his head explode with a well placed “financial loss”.....SORORS head
he needs to go away. the world has enough problems without having idiots trying to screw the masses because they have unresolved problems with not being laid in high school.
Best thing that could happen would be if someone plans and executes a plot against him and his treasury. Need an army of financial special ops warriors to protect this country.
Soros is going to piss off the wrong people one of these days,and get killed.
More on Soros I posted this one but it was removed I dont know why but anyway
Obamas boss ready to torpedo the euro
Thanks for posting the links, Lori.
I wouldn’t be surprised to find out it’s all true.
Of course their flunkies on tv, conservative radio, financial wire sites and here for the past two years told us to sell our dollars for Euros.
LOL....or gold at the top of the market.
It's like the dope smokin CONservatives squackin about legalizing their drug of choice, the third partiers squackin that there's no difference between D's and R's and the G.D. gold bugs screamin that the US Dollar is gonna collapse!!!
Even with Angela Davis' brother in the whitehouse, America will come through to the other side of all this B.S. to resume it's exceptional place as the leader of the righteous forces of this world!!!
Trouble is, these clowns can predict and wish ill on our nation currently awash in "moral hazzards," which actually could tear it all down in a few days, even hours, what all the founders, pioneers, developers and builders have created over a strenuous 232 years!!!
God Save America from it'self!!!
Your welcome I wouldn’t be surprised either