A fan-published Blog Tracking Investor Billionaire and philanthropist George Soros ,The Soros Fund Management and the Quantum Fund Investments
Wednesday, May 20, 2020
👉How to Prepare for Inflation and Beat The Fed's Perpetual Motion Money Machine !!
👉How to Prepare for Inflation and Beat The Fed's Perpetual Motion Money Machine !!
On April 5th, we were 23.9 trillion dollars in debt, and by May 4th, we were 25 trillion dollars in debt. Now our national debt is rapidly speeding toward the 26 trillion dollar mark, and the House of Representatives just passed a bill that would borrow and spend an additional 3 trillion dollars. How many trillions did Uncle Sammy just borrow into existence? How many more trillion will he borrow into existence this fiscal year? The government is the borrower of last resort, and the central bank will lend to infinity, and beyond! Tons more debt, two months of economic paralysis, and it's happening worldwide! This isn't the cause of the world's debt problems, but it might be the excuse needed for the actual cure. Namely, repudiation of all debt incurred, the exclusion of the guilty financiers (which is most of them), and an economic shock therapy all across the board. A society like that is going to have no time for Social Justice Warriors at any level, from lawyers to Human resources to Big Tech to governments. You produce, or you stay out of the way, but you are NOT going to be the load. Or, you can bleed the native population dry to support the parasites until the thing explodes. I know which solution the elites will favor, obviously, but I think this time they might be in trouble. The virus was the unforeseen event that is toppling the bankers’ house of cards. Like a credit card junkie juggling dozens of cards expertly until something causes him to lose his job. Then BOOM!!! We have reached the tipping point in the ‘money can be created from nothing and debt doesn’t matter’ fairy tale. What's interesting about this current depression compared to the several recessions and the Great Depression is that the economy was shitting the bed before every economy shut down. The 1920s is referred to as the Roaring 20s due to the eruption of wealth that occurred in America, and it was followed by a collapse because the stock market became inflated well above that wealth. There isn't wealth this time. We started in the negative, and we've gone even more negative. Money is (1) a store of value that enables workers to save for retirement or adverse events, and (2) a way of facilitating transactions that is more efficient than barter. Comparing gold to fiat, fake, fraud, fiction, fantasy currency is like comparing Dog to Pig. Priced in gold, the US dollar is down 1% for the week, 3.3% for the month, and down 24% for the year. Fiat can be printed. Gold cannot. The value of the dollar (measured in real goods) has been continuously falling since 1913. Yes, sometimes faster than others, but always falling. To measure one fiat currency against others is FUNDAMENTALLY BOGUS. The reason is obvious. That gives the impression something is increasing (value of the dollar) when, in fact, that something is decreasing (value of the dollar). Since precious metals are manipulated out the wazoo the past few decades, a chart against them isn't accurate either. So one would need to revert to measures against baskets of fundamental goods. Which means goods that are necessary (or near necessary) to basic life, and have been for centuries (or at least many decades). All that's needed to assure the dollar descend at an even faster rate is for the federal reserve to create and widely-distribute substantial quantities of fiat, fake, fraud, fiction, fantasy, fractional-reserve debt-bits, which they are doing in spades lately. Negative interest rates are not required to trash the dollar. And I believe the federal reserve will not resort to negative interest rates (unless some extremely powerful force literally forces them to). To not have negative interest rates will be one of their justifications for why the dollar should remain the "global default currency." To pay 1% or 2% interest on debts is no problem when you can create even more unlimited quantities of fiat at any moment at zero cost. Money can be printed. Wealth cannot. (Wealth) would be whatever people perceive as having intrinsic value. Even gold up until the electronics age was only a perceived value for the most part. If it weren't for its use in electronics, I doubt it's value would be as high as it is currently. My personal opinion on earthly wealth is as follows. It is anything that can be measured in acres, calories, or round counts. In other words, if you can't live on/off/in it, eat it, or defend yourself with it, you can probably write it off as "perceived wealth." Trillions in debt are impossible to pay back. And since there's no stopping it, we might as well demand it go to Americans, be it debt jubilee, student loan cancellation, or NEETbucks. I don't care anymore. At least we get fiat notes to turn into real assets before the debt-usury system goes tango uniform. Printing money means stealing wealth from the public, the currency holders. The commercial banks and the central banks, who print money, are horrendous thieves. They clandestinely expropriate the public for their own private benefit. The current situation is the most extreme stealing the world has ever seen. And it will get worse until the public stands up. Monetary inflation will likely lead to Weimar-style outcome: currency debasement, inflation (likely hyperinflation), and in the near-term, an asset price reflation. The Fed, like all failed government central planning operations, will end when both its policies have destroyed the nation, and when people no longer believe in the premises under which it was created. Given the absolute record of failure and train of wreckage central planning has left behind, it is truly extraordinary that generation after generation, we continue to try it. Until the passengers on the bus called "The Economy" start yelling at the driver to slow down or stop the crazy stuff, the bus will continue down the hill gathering speed until it reaches a point where no internal adjustment of policy settings will prevent a crash. Ok, let's say the US Treasury kicks the party off by announcing that they're not paying back the money foreign nations loaned us, but they at least don't opt for the far worse nuclear route of defaulting on domestic lenders. Great, that was easy, right? Except that every container ship headed our way would turn around and head back to homeport cause the US is no longer a paying customer. At the same time, US Treasury yields go ballistic, and the Fed must step in to buy up 100% of US Government debt issuance plus all of the domestic holders who are dumping by the truckload. Wait, did you seriously think this would end the Fed? The Fed's now the buyer of All resort. Their power and scope over the US economy and our personal finance are now limitless. There's no more foreign demand for Dollars, so it collapses inside of a week, and consumer prices go up exponentially as shortages of everything occur at the same time that the Dollar's rapidly loses value. After a 'sell everything' panic, Gold and Silver dumps but then goes stratospheric. Yay! But when it comes to actually buy anything with it over the short-term, your average Joe wants physical cash, not precious metals because, after all, that's all he's ever known. I hope you have several years of cash laying around because your job's likely toast while the government starts doling out far too little to make ends meet against the tidal wave of inflation. Since prices will be skyrocketing, a good rule of thumb might be five years of cash living expenses will last you around a year. What does all this end up looking like after a half-decade? Well, you got a worthless local currency, the central bank monetizing everything, no import/export channels, local producers bankrupt after the US Government implements pricing fixing, spotty electricity, cellular & internet, and possibly a draft due to war on US soil. So essentially 3rd world living conditions under a radical socialist Government while an infantile-entitled American public holds mass protests equally as (in)effective as those in Venezuela. Once enough mass starvation has transpired, and a significant percentage of the population has relearned useful sustenance skills, there might eventually be enough momentum built up for a proper uprising within a generation [give or take]. The only thing a Reset accomplishes is the end of the US Government's ability to pawn off worthless Dollars for real goods from the rest of the world. For the clueless out there, it's the equivalent of turning off your main circuit breaker because you don't want to put next month's electric bill on a credit card. Putting aside the fact that the government lies about inflation in the last 12 years, if money creation and total supply have been going down since the great recession, why have prices continued to go up? Why have we been seeing shrinkflation? Other than electronics, I can't really think of anything that is cheaper today than it was in 2008. Even the price of gold has gone up significantly since 2008. "almost all the "gold" traded in today's markets is actually paper derivatives and fraudulent guarantees." If you can't touch it, you definitely don't own it. And even some things you can touch, you still might not own (for example, a house with a mortgage). When you cannot clear a trade at the "market" price, as has been common recently, the "market" price is being manipulated. Every market has supply and demand. You don't have to control the supply to control the market, particularly if the supply is predictable. Money IS debt. You can argue that if it's given to the little guy to pay down debts to banksters that it's LESS comparative debt, but it's still debt. Printing money is inflationary." Fiat currency is debt. Commercial banks have the power to create money by issuing debt. In fact, money is a non-interest bearing debt. Giving that all money is debt, the existing debt cannot be wiped out by printing money because the newly printed money was borrowed into existence. At best, it just changes whose balance sheet the debt is on. Printing money is inflationary. The new dollars are further debt themselves by the time they're printed, so this isn't decreasing debt, it's more like an economic heart going into overdrive to try to compensate for plummeting blood pressure. That leads toward hyperinflation rather than being a cause of deflation. Broad money is made up of bank deposits — which are essentially IOUs from commercial banks to households and companies — and currency — mostly IOUs from the central bank. Of the two types of broad money, bank deposits make up the vast majority — 97% of the amount currently in circulation. And in the modern economy, those bank deposits are mostly created by commercial banks themselves. Commercial banks create money in the form of bank deposits by making new loans. When a bank makes a loan, for example, to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. For this reason, some economists have referred to bank deposits as ‘fountain pen money,’ created at the stroke of bankers’ pens when they approve loans. I've always loved the term "Imaginary millions," money made in the imagination of the usurers. The "economy" is usury, and that's all it is. All "get America back to work" means, is "Oh God, don't let the payments stop!!!" "Rescuing" the economy with more debt is foolish. I'm very long in the tooth gold bug, but sound money does offer a way out after the debts are canceled by executive order. If Franklin D Roosevelt could cancel gold contracts in 1933, Trump can cancel Floating rate notes contracts in 2020. Interest that needs to be paid back on these created deposits is ever so conveniently left out of that equation. And that interest creates new debt as it comes due. Banksters thought they created the perpetual-motion money machine. Debt money creates more debt money by its very nature. Until the debts are not honored. Debt money deflation means the free ride is over for banksters. They will do everything in their power to prevent deflation. Right now, everywhere two or more banksters gather, they are trying to figure out how to print more borrowers. Some will embrace zero or negative lending rates just to keep the carousel spinning a bit longer in the hopes of getting out themselves before the crash. If any of those guys are watching this video, sign me up for a few billion, non-recourse, naturally. But let's spell out the nature of the free ride. Bankers make their cut on the default when real property is seized over fictitious obligations. It's a game of musical chairs, except somebody loses their collateral/livelihood when the music stops. It's not simply usury. It's usury with spiky glowing green-gold hair and serious social issues. The finance system of banking/commercial paper/debt and risk swapping has gotten so complex and intertwined that I cannot imagine anyone accurately knowing how it will react. The complexity and sheer size make me think it might be fragile, but it has so many people all trying to work their little portion of it-- that I HOPE, it might be a bit Hyakean, and all the leeches trying to suck more from their part keep the parts working, much like any adaptable system motivated by people. However, it has crapped out before, and some people stand to gain by it crapping out so they will/might be working for it to default. I really cannot tell what is inside of the constantly changing Black Box. Modern finance is dealing with literal make-believe money. GDP calculation is proof of this because debt contributes to GDP. And even worse is that economists are unable to distinguish between debt and equity as sources of financing when the layman can tell you straight away how they are different. The collapse of credit is the relevant indicator, not the issuance of script currency. Debt is issued out of thin air, so inflation occurs when a debt is created. Printing money to pay the debt, by definition, only occurs after the debt exists. Debt exists first, then money, which is why printing money is deflationary. That said, prices for some things might increase because supply collapses relative to demand (like beef and pork), but on the whole, the price of most things will collapse (like new cars, clothes at bankrupt retailers, etc.) Note that increasing prices for specific things is driven by particular issues, but the general price level is guided by monetary policy. Spending more on EVERYTHING is due to inflation. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Gold is a manipulated market. Those prices are the result of interventionism, not a stable currency. The real remaining prop of the dollar is the fact that it is still the primary currency for oil purchases, forcing anyone who wants oil to "buy" dollars. That's why China, Russia, et al., are so eager to set up systems for settling petro transactions in their own currencies. QE-to-Infinity to cover the quadrillion dollars corruption of the bankster cartel began on 11 Sept last year, the repos went to hundreds of billions within weeks, and this COVID psyop is cover for the bankruptcy, greater depression, and NWO depopulation agenda. Those are FED asset transfer periods and not cycles. They will continue the process until all assets are theirs. The U.S. is being colonized by a domestic enemy. The bankrupting of America was planned for over a century ago, and nothing that we can do will stop it. The bottom line is that they must bankrupt the country and the three tiers of the middle class, in order to bring about their new world order. ALL, going as planned. The quickest way to kill the U.S. and transform it into a big piece of the New World Order Scientific Technocracy is to kill the Economy - make people poor: no more disposable income; no more well-paying jobs, no more credit; no more tangible assets; no more goodies that make life enjoyable. These Politicians, Corporate Chieftains, Bureaucratic Managers, etc. know what they are doing; they're bought and paid for by the Ruling Cabal to engineer the take-over of the U.S. Poor, Hungry, Homeless, Isolated, Simple-Minded People make good targets for the Social Engineers and Scientific Elite. They've been working on creating targets, and now they will be 'shooting' the targets with "vaccines" to 'keep you safe.' The only thing you need to be kept safe from is them. It's funny - Nancy Reagan's 1980's slogan "Just Say No" to drugs, actually is precisely what we need now to this fascist tyranny (Big Corporations/Big Government running our lives) - Just Say No; don't do what they tell you to do - you can trust, but you better verify. So this begs the question, how does the average guy prepare for such a situation? How can one best weather the coming storm? This is what I have done: First: Get out of debt (including paying off your house) so you can’t be manipulated. Get out of debt. Second: Accumulate capital in forms that cannot be confiscated or manipulated: land and skills. Own real property, not in a city. Have skills to build businesses that don't require massive capital and can be cash flowed and operate without debt, even if you have to stay small. Employees add a lot of overhead costs. Get married, have children, homeschool them. Train your sons to go toward trades or college with actual skills and job prospects. Train your daughters to be excellent homemakers and home economists, and help marry them off early. Don't gamble in the stock market. Read more books. Own good tools and know-how to use them. Live within your means. Make that a longterm life philosophy, instead of looking for shortcuts and secret edges to exploit. This was The Atlantis Report. Please Like. Share. Subscribe. And please take some time to subscribe to my back up channels, I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have donated. Stay safe and healthy friends!
Tuesday, January 14, 2014
Soros-Backed ClickSoftware Rallies Most Since 2003 on Earnings
ClickSoftware Technologies Ltd. (CKSW:US), the Israeli developer whose largest investor is George Soros’s fund, jumped the most in a decade in New York after reporting preliminary fourth-quarter revenue that beat analyst estimates.
Shares of the Petach Tikva, Israel-based company increased 27 percent to $9.20 at 10:09 a.m. in New York, the most since July 2003. The stock sank 11 percent last year.
Shares of the Petach Tikva, Israel-based company increased 27 percent to $9.20 at 10:09 a.m. in New York, the most since July 2003. The stock sank 11 percent last year.
Labels:
ClickSoftware
Tuesday, January 7, 2014
Soros Makes Predictions for World’s Top Economies
George Soros is heartened by current efforts to revive growth in the world’s major economies, the hapless eurozone being the one exception.
“All of the looming problems for the global economy are political in character,” he writes.
The U.S. is showing its muscle as the developed world’s strongest economy on several counts:
Shale energy is an important competitive advantage in manufacturing in general and in petrochemicals in particular.
The banking and household sectors are deleveraging.
Quantitative easing has boosted asset values.
The housing market has improved, with construction lowering unemployment.
The fiscal drag exerted by sequestration is about to expire.
“All of the looming problems for the global economy are political in character,” he writes.
The U.S. is showing its muscle as the developed world’s strongest economy on several counts:
Shale energy is an important competitive advantage in manufacturing in general and in petrochemicals in particular.
The banking and household sectors are deleveraging.
Quantitative easing has boosted asset values.
The housing market has improved, with construction lowering unemployment.
The fiscal drag exerted by sequestration is about to expire.
Monday, January 6, 2014
The U.S. is emerging as the developed world’s strongest Economy
In contrast to Europe, the United States is emerging as the developed world’s strongest economy. Shale energy has given the US an important competitive advantage in manufacturing in general and in petrochemicals in particular. The banking and household sectors have made some progress in deleveraging. Quantitative easing has boosted asset values. And the housing market has improved, with construction lowering unemployment. The fiscal drag exerted by sequestration is also about to expire.
- in www.project-syndicate.org
Saturday, January 4, 2014
George Soros: China is “Major” Risk For Global Economy
The Chinese leadership was right to give precedence to economic growth over structural reforms, because structural reforms…But there is an unresolved self-contradiction in China’s current policies: restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years. How and when this contradiction will be resolved will have profound consequences for China and the world. A successful transition in China will most likely entail political as well as economic reforms, while failure would undermine still-widespread trust in the country’s political leadership, resulting in repression at home and military confrontation abroad.
The other great unresolved problem is the absence of proper global governance. The lack of agreement among the United Nations Security Council’s five permanent members is exacerbating humanitarian catastrophes in countries like Syria – not to mention allowing global warming to proceed largely unhindered. But, in contrast to the Chinese conundrum, which will come to a head in the next few years, the absence of global governance may continue indefinitely. - in Project Syndicate
The other great unresolved problem is the absence of proper global governance. The lack of agreement among the United Nations Security Council’s five permanent members is exacerbating humanitarian catastrophes in countries like Syria – not to mention allowing global warming to proceed largely unhindered. But, in contrast to the Chinese conundrum, which will come to a head in the next few years, the absence of global governance may continue indefinitely. - in Project Syndicate
Future Crises will be Political in Origin
Future crises will be political in origin. Indeed, this is already apparent, because the EU has become so inward-looking that it cannot adequately respond to external threats, be they in Syria or Ukraine. But the outlook is far from hopeless; the revival of a threat from Russia may reverse the prevailing trend toward European disintegration.
As a result, the crisis has transformed the EU from the “fantastic object” that inspired enthusiasm into something radically different. What was meant to be a voluntary association of equal states that sacrificed part of their sovereignty for the common good – the embodiment of the principles of an open society – has now been transformed by the euro crisis into a relationship between creditor and debtor countries that is neither voluntary nor equal. Indeed, the euro could destroy the EU altogether. - in project syndicate
As a result, the crisis has transformed the EU from the “fantastic object” that inspired enthusiasm into something radically different. What was meant to be a voluntary association of equal states that sacrificed part of their sovereignty for the common good – the embodiment of the principles of an open society – has now been transformed by the euro crisis into a relationship between creditor and debtor countries that is neither voluntary nor equal. Indeed, the euro could destroy the EU altogether. - in project syndicate
Friday, January 3, 2014
China is the reason to doubt optimism about the global economy
"The major uncertainty facing the world today is not the euro but the future direction of China." “[T]here is an unresolved self-contradiction in China’s current policies: restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years,” writes Soros. “How and when this contradiction will be resolved will have profound consequences for China and the world.” Soros added in a recent article in project syndicate
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China
Wednesday, January 1, 2014
Soros: China's Future Path Is 'Major Uncertainty Facing the World'
How China decides to approach the tension it faces between sustaining rapid economic growth and amassing a major debt burden represents the key global issue facing the world today, says hedge fund legend George Soros, chairman of Soros Fund Management.
"The major uncertainty facing the world today is . . . the future direction of China," he writes in Economia.
"The growth model responsible for its rapid rise has run out of steam. That model depended on financial repression of the household sector, in order to drive the growth of exports and investments."
"The major uncertainty facing the world today is . . . the future direction of China," he writes in Economia.
"The growth model responsible for its rapid rise has run out of steam. That model depended on financial repression of the household sector, in order to drive the growth of exports and investments."
Monday, December 30, 2013
George Soros Buys Shares In Spanish Construction Giant FCC Controlled By Esther Koplowitz
George Soros is making an investment in Spain. George Soros’ hedge fund Soros Fund Management LLC has just bought some shares, representing 3% of the company, in publicly listed Spanish construction giant Fomento de Construcciones y Contratas (FCC), for just under US$100 million in what could be quite a strategic investment.
The economic story of Spain in recent years had been one of spectacular growth fuelled by massive investments in public infrastructure and the housing industry, funded by cheap credit from the European Union, followed subsequently by a huge implosion with the onset of the European recession in 2007. This had serious consequences for the country’s over-stressed financial system and led to severe austerity measures which were demanded by its northern European creditors, including, particularly, by Germany.
The economic story of Spain in recent years had been one of spectacular growth fuelled by massive investments in public infrastructure and the housing industry, funded by cheap credit from the European Union, followed subsequently by a huge implosion with the onset of the European recession in 2007. This had serious consequences for the country’s over-stressed financial system and led to severe austerity measures which were demanded by its northern European creditors, including, particularly, by Germany.
Saturday, December 28, 2013
Billionaire George Soros Bought This Texan Oil Stock
You have probably never heard of Midland.
Located in the heart of West Texas, the nearest major city is a four-hour drive away. This town is about as close to the 'middle of nowhere' as it gets. Yet Midland could be sitting on the largest oil discovery in American history.
Thanks to new technologies like horizontal drilling and hydraulic fracturing, millions of barrels of previously unrecoverable oil are now being pulled up from the nearby Permian Basin.
One company has been quietly buying up tracts of land in this area since the 1980's. And the firm's prospects are so exciting that billionaire hedge fund manager George Soros owns a $200 million stake in the firm. Other smart money operators like Stanley Druckenmiller and John Paulson are pouring money into the stock as well.
I'm talking, of course, about Pioneer Natural Resources (NYSE: PXD ) .
George Soros owns 964,000 shares of this stock
Located in the heart of West Texas, the nearest major city is a four-hour drive away. This town is about as close to the 'middle of nowhere' as it gets. Yet Midland could be sitting on the largest oil discovery in American history.
Thanks to new technologies like horizontal drilling and hydraulic fracturing, millions of barrels of previously unrecoverable oil are now being pulled up from the nearby Permian Basin.
One company has been quietly buying up tracts of land in this area since the 1980's. And the firm's prospects are so exciting that billionaire hedge fund manager George Soros owns a $200 million stake in the firm. Other smart money operators like Stanley Druckenmiller and John Paulson are pouring money into the stock as well.
I'm talking, of course, about Pioneer Natural Resources (NYSE: PXD ) .
George Soros owns 964,000 shares of this stock
Labels:
Oil Stock
Thursday, December 26, 2013
Soros’ ex-wife buys Shelter Island estate
Susan Weber Soros, the ex-wife of George Soros — who’s worth an estimated $20 billion and is currently number 19 on Forbes’ 400 richest Americans list — has just purchased a waterfront estate on Shelter Island, Gimme Shelter has learned.
Weber Soros bought the 4,358 square foot traditional home, on 1.37 acres, for close to its $5.95 million asking price. Built in 2005, the beach manse has five bedrooms and 5½ baths. There is no pool, but there is room for Weber Soros to build one. The property, in Dering Harbor, also comes with a deep water dock. The home has panoramic water views from the living room, which has double height ceilings and a fireplace. There’s also a chef’s kitchen, and a “Hollywood style serpentine staircase that wraps around the fireplace,” according to the listing. A “hand cut river stone” path leads to the bulkheaded sandy beach and deep water dock. There’s also a generator and cistern for irrigation.
Weber Soros bought the 4,358 square foot traditional home, on 1.37 acres, for close to its $5.95 million asking price. Built in 2005, the beach manse has five bedrooms and 5½ baths. There is no pool, but there is room for Weber Soros to build one. The property, in Dering Harbor, also comes with a deep water dock. The home has panoramic water views from the living room, which has double height ceilings and a fireplace. There’s also a chef’s kitchen, and a “Hollywood style serpentine staircase that wraps around the fireplace,” according to the listing. A “hand cut river stone” path leads to the bulkheaded sandy beach and deep water dock. There’s also a generator and cistern for irrigation.
Saturday, December 21, 2013
Tech Stocks Are Soaring Soros
Today’s midday gainers are Red Hat, Inc. (NYSE:RHT), Marketo, Inc. (NASDAQ:MKTO), Magnum Hunter Resources Corporation (NYSE:MHR) and midday losers are TIBCO Software Inc. (NASDAQ:TIBX), InterDigital, Inc. (NASDAQ:IDCC), Rite Aid Corporation (NYSE:RAD).
George Soros soars with tech stocks
On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire George Soros holds 550,000 shares (0.28% of his fund) acquired for $52.07 per share. Another investor with a position in RHT is Ray Dalio who owns 318,000 shares, composing 0.12% of his holdings. Dalio paid an average price of $51.97 per asset.
Following Red Hat Inc. is Marketo, Inc. (NASDAQ:MKTO), which rose +13.26% to $37.25. This was a well-received news for George Soros who holds 60,000 shares of the tech firm. This position represents 0.02% of his holdings and he paid an average price of $24.58 per asset.
George Soros soars with tech stocks
On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire George Soros holds 550,000 shares (0.28% of his fund) acquired for $52.07 per share. Another investor with a position in RHT is Ray Dalio who owns 318,000 shares, composing 0.12% of his holdings. Dalio paid an average price of $51.97 per asset.
Following Red Hat Inc. is Marketo, Inc. (NASDAQ:MKTO), which rose +13.26% to $37.25. This was a well-received news for George Soros who holds 60,000 shares of the tech firm. This position represents 0.02% of his holdings and he paid an average price of $24.58 per asset.
Wednesday, December 18, 2013
George Soros: It’s Time to Make Justice Central to Development
George Soros recently intervened in the post-2015 debates, noting the need for universal access to justice. He identified four target areas issued considered crucial for post-MDG success by the legal empowerment movement:
“1. LEGAL IDENTITY: Being recognized as a person under the law is critical to everyday life. You need it to send your children to school or to receive medical care. State-issued legal identity documents, such as birth registrations, are usually needed.
2. ACCESS TO INFORMATION. People should be able to find out about the laws and regulations that govern their lives.
3. Both individuals and communities need to have their PROPERTY RIGHTS protected. Giving communities protection against land grabbing and the misappropriation of natural resources would be a great contribution to the fight against poverty.
“1. LEGAL IDENTITY: Being recognized as a person under the law is critical to everyday life. You need it to send your children to school or to receive medical care. State-issued legal identity documents, such as birth registrations, are usually needed.
2. ACCESS TO INFORMATION. People should be able to find out about the laws and regulations that govern their lives.
3. Both individuals and communities need to have their PROPERTY RIGHTS protected. Giving communities protection against land grabbing and the misappropriation of natural resources would be a great contribution to the fight against poverty.
Monday, December 16, 2013
George Soros Donates Funds to Help Heat Schools in Greece
Greek students have had a rough winter in extremely cold classrooms due to the lack of heating resources, resulting from local authorities who are simply unable to cover the unbearable cost of heating oil. The organization Open Society Foundation, founded by the great American investor George Soros, offers donations worth millions of euros in oil so that children can sit in a warm classroom.
Schools in the 2 biggest municipalities of Greece have been lucky enough to have their oil tanks filled thanks to Mr. Soros’ donations.
Schools in the 2 biggest municipalities of Greece have been lucky enough to have their oil tanks filled thanks to Mr. Soros’ donations.
Friday, December 13, 2013
Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation
Today’s midday gainers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Towerstream Corporation (NASDAQ:TWER), Icahn Enterprises LP (NASDAQ:IEP) and daily losers are IAMGOLD Corp (NYSE:IAG), Enphase Energy Inc (NASDAQ:ENPH), Turquoise Hill Resources Ltd (NYSE:TRQ).
Soros gets a double boost with Sarepta and Towerstream
On the top of our midday gainer list is Sarepta Therapeutics Inc (NASDAQ:SRPT), the biopharmaceutical company shot up +16.94%, reaching $20.36. This was a well-received news for George Soros who holds 665,000 shares of SRPT, representing 0.34% of his fund. The investor paid an average price of $31.17 per asset.
The second stock in our list is Towerstream Corporation (NASDAQ:TWER), the telecommunication stock has climbed +9.96 to $2.45. This is another hit for Soros who owns 432,00 shares (0.01% of his holdings) acquired for $2.55.
Soros gets a double boost with Sarepta and Towerstream
On the top of our midday gainer list is Sarepta Therapeutics Inc (NASDAQ:SRPT), the biopharmaceutical company shot up +16.94%, reaching $20.36. This was a well-received news for George Soros who holds 665,000 shares of SRPT, representing 0.34% of his fund. The investor paid an average price of $31.17 per asset.
The second stock in our list is Towerstream Corporation (NASDAQ:TWER), the telecommunication stock has climbed +9.96 to $2.45. This is another hit for Soros who owns 432,00 shares (0.01% of his holdings) acquired for $2.55.
Thursday, December 12, 2013
Can Mutual Funds Invest Like George Soros?
NEW YORK (TheStreet) -- George Soros and other star hedge fund managers famously made fortunes by betting on global trends. Global macro funds can range widely, holding foreign currencies one year and U.S. stocks the next. But the macro strategy is hard to execute, and not many managers have succeeded. Most mutual funds that have tried the macro game have failed and shut their doors. For mutual funds, the strategy is particularly difficult because managers cannot use the leverage that hedge funds employ.
Now two Wall Street veterans are trying their hands with macro mutual funds, and both managers are off to strong starts. Richard Bernstein, former investment strategist of Merrill Lynch, operates Eaton Vance Richard Bernstein All Asset Strategy EARAX. Brian Singer, former chief investment officer of UBS Americas, oversees William Blair Macro Allocation (WMCNX).
Now two Wall Street veterans are trying their hands with macro mutual funds, and both managers are off to strong starts. Richard Bernstein, former investment strategist of Merrill Lynch, operates Eaton Vance Richard Bernstein All Asset Strategy EARAX. Brian Singer, former chief investment officer of UBS Americas, oversees William Blair Macro Allocation (WMCNX).
Wednesday, December 11, 2013
Soros Partners with Cheney in Halliburton Deal
Billionaire oil tycoon George Soros, who recently endorsed Hillary Clinton for President, has recently teamed up with one of his nemesis, former Vice President Dick Cheney to invest big-time cash on Halliburton. Mr. Cheney is a former CEO of the corporation, which has been villified by Leftist organizations such as Moveon.org.
According to American Thinker, Mike Boyer, writing in the Passport blog of Foreign Policy Magazine, notes the gigantic stake George Soros has taken in Halliburton, the epitome of evil in the eyes of his left wing friends:"
Halliburton accounts for 3.5% of Soros' hedge fund, which signifies its fourth-largest holding.
According to American Thinker, Mike Boyer, writing in the Passport blog of Foreign Policy Magazine, notes the gigantic stake George Soros has taken in Halliburton, the epitome of evil in the eyes of his left wing friends:"
Halliburton accounts for 3.5% of Soros' hedge fund, which signifies its fourth-largest holding.
Tuesday, December 10, 2013
Soros Takes a One-Two (Three) Punch from Latest Bets
Today’s midday gainers are InterOil Corporation Inc. (NYSE:IOC), Alpha Natural Resources, Inc. (NYSE:ANR), Micron Technology, Inc. (NASDAQ:MU) and midday losers are Lumos Networks Corp (NASDAQ:LMOS), Restoration Hardware Holdings Inc (NYSE:RH), JinkoSolar Holding Co., Ltd. (NYSE:JKS).
InterOil is today’s top performing stock
Today’s midday gainer is InterOil Corporation (NYSE:IOC). The energy company is up +10.72% to $61.45. Billionaire John Paulson holds 1.1 million shares, representing 0.55% of his fund. The investor paid an average price of $66.64.
Following Interoil is Alpha Natural Resources, Inc. (NYSE:ANR). The coal company shot up +8.83%, reaching $7.15, after selling its 50% stake in Alpha Shale Resources Joint Venture for $300 million to Rice Energy. This was again good news for John Paulson, who owns four million shares, representing 0.15% of his fund. Paulson paid an average price of $8.10 per share.
InterOil is today’s top performing stock
Today’s midday gainer is InterOil Corporation (NYSE:IOC). The energy company is up +10.72% to $61.45. Billionaire John Paulson holds 1.1 million shares, representing 0.55% of his fund. The investor paid an average price of $66.64.
Following Interoil is Alpha Natural Resources, Inc. (NYSE:ANR). The coal company shot up +8.83%, reaching $7.15, after selling its 50% stake in Alpha Shale Resources Joint Venture for $300 million to Rice Energy. This was again good news for John Paulson, who owns four million shares, representing 0.15% of his fund. Paulson paid an average price of $8.10 per share.
Monday, December 9, 2013
Soros Group warming on Eurobank
By Giorgos Mantelas
The countdown for the share capital increase of Eurobank started a week ago and Kathimerini has learned that even the George Soros group has expressed an interest in acquiring the lender that is fully state-controlled.
Sources say that Soros group officials are seriously examining the possibility of entering the process for the sale of a controlling stake to a strategic investor, provided that the terms (mainly the price of each share for the transaction) are attractive and favorable. The same sources say that if this group decides to make a move to acquire Eurobank, the benefits will be multiple.
The countdown for the share capital increase of Eurobank started a week ago and Kathimerini has learned that even the George Soros group has expressed an interest in acquiring the lender that is fully state-controlled.
Sources say that Soros group officials are seriously examining the possibility of entering the process for the sale of a controlling stake to a strategic investor, provided that the terms (mainly the price of each share for the transaction) are attractive and favorable. The same sources say that if this group decides to make a move to acquire Eurobank, the benefits will be multiple.
Sunday, December 8, 2013
George Soros racks up stake in newly-floated Hibernia REIT
Legendary billionaire investor George Soros is one of the biggest backers of the €365m Hibernia REIT, the property investment vehicle that floated last Friday.
The Soros-run Quantum fund has an 8.22 per cent stake in the Hibernia REIT, which was set up to invest in the Irish property market recovery. Soros, known as the "man who broke the Bank of England" for his bet against the British pound in the 1992, has invested in Irish groups before, taking stakes in Elan and Amarin as well as buying into Ardmore Shipping.
The Soros-run Quantum fund has an 8.22 per cent stake in the Hibernia REIT, which was set up to invest in the Irish property market recovery. Soros, known as the "man who broke the Bank of England" for his bet against the British pound in the 1992, has invested in Irish groups before, taking stakes in Elan and Amarin as well as buying into Ardmore Shipping.
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.
In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.