George Soros Ready to Cash in on the Fall of the Euro

Daily Mail ^ | 02/27/2010 | Karl West

[SeekAndFind]

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.

[trapped_in_LA]

Well with the Germans bailing out the Greeks we should see quite a pop in the Euro tomorrow when trading starts. Should put quite the squeeze on all those shorting the Euro.

[Shady]

Soros needs to get smacked financially.

[Thunder90]

George Soros is likely connected to the Russian KGB. (as unrealistic as that sounds, most of what Soros has done in the last 3-4 years has been in the interest of Russia, including the Orange Revolution in Ukraine. (Helped whip up hysteria in Russia, and now Yauknovich will have an iron grip there).

[combat_boots]

Soros should be in there on the mike. 0bama just works the stick shift.

[FlingWingFlyer]

It’s what he does for a living. Pulling BO’s strings is just a hobby.

[o_zarkman44]

There was a news show on CNN this morning, some Arab name sounding host had a couple pundits on there, one was associated with soros.

One thing that was said that was disturbing was about Greece.

Greece is tied in to the EU economically, but not fiscally.
In other words, there will be no success in the EU unless all nations are merged as one for all policy, and not just monetary policy.

Can anyone say World Governance?

[PGalt]

Can anyone say World Governance?

That's what UNaccountable bureaucrats, EUROCRATS and AMEROCRATS are for.

Defund/dismantle anti-individual, anti-freedom collectives.

[mac_truck]

George Soros is likely connected to the Russian KGB. (as unrealistic as that sounds, most of what Soros has done in the last 3-4 years has been in the interest of Russia, including the Orange Revolution in Ukraine. (Helped whip up hysteria in Russia, and now Yauknovich will have an iron grip there).

Putin is Soro's nemisis. The KGB is more likely to kill Soros than work with him.

[OldPossum]

Soros needs to get smacked financially.

Given the high level of enemies (both government and non-government) that Soros is creating, being smacked financially should be the least of his worries.

On the other hand, maybe not, he may have a superb personal protection staff and resources.

[algernonpj]

Can anyone say World Governance?

George Soros can:

"...Mr Soros, who made more than $1billion by currency speculation when the pound was ejected from the Exchange Rate Mechanism on Black Wednesday in 1992, believes the structure of the euro is 'patently flawed'.

...He believes that unless the European Commission is given sweeping powers over taxation and spending, the single currency will always be vulnerable to financial turbulence in individual states."