Thursday, February 14, 2013

Oops, He Did It Again!


http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html

http://rt.com/usa/news/doj-sp-us-rating-497/

Some credit him with starting the 1997-1998 financial crisis in Asia. I think it was the second notable hit (for the casual observer) in a series that continue until today. We know for sure he "broke the bank of England in 1992" making 1 billion dollars by betting some 6,5 billion borrowed money against the devaluation of sterling pound. I think at the time we all heard of rumors of insider information. I think a couple of Englishmen went to jail for that (still have to verify that). There are numerous accounts of his ventures on the Internet. From time to time he shows up in the media and makes predictions, warnings and prophecies.

Just opened the Wikipedia page and saw within the first self indulgent paragraphs that he donated 8 billion through charities to various causes including the first cited one, "human rights".

I keep asking myself, how do you donate money to human rights as a cause or concept? You have to give it to an organization and choose which one fights better for human rights vs other. Human rights is also related to the equality of all men.

How somebody can be equal to others when he gets huge amounts of money using insider information for betting against institutions most sensitive to our economical stability and development, always gets away with it, uses it to create unrest in different parts of the world then bragging about saying it was for human rights?

Especially by projecting self as a super brainy, virile, Robin Hood, marrying again at 82 with a 40 years younger woman still in her prime?

Now he made the news again with making money from devaluation of yen which as a financial genius he foresaw at the arrival of the new prime minister of Japan. What was this time, genius of inside info?

And all the billions he made was what, small fish lost in the anonymous ocean of the world's wealth that nobody keeps track of?

What can we say when these days the stock market is worked up with supercomputers that buy and sell in milliseconds in a continuous saraband of electronic trade belonging to organizations that compete to get those computers as close as possible to the building where the stock market has its own supercomputers, as the speed of the signal and the length of lines count in the competition?

One thing is sure, he's not the only one who's robbing the markets but the only that also twists it and uses it as positive image.

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