JJONESMX:George Soros sells all shares of Citigroup, Bank of America and JP Morgan…….Is this a sign of trouble ahead for the banking industry?
RickLibby: Hi JJ thanks for bringing this forward.
IOO (In Our Opinion) FRANK AND MINE, THIS IS YET ANOTHER CLEAR AS STARS SIGN THAT THE LAVA FLOW IS STILL MOVING!!!
THIS THE RICHEST MAN I KNOW OF HAS DUMPED YET ANOTHER SOURCE OF INVESTMENT THAT HAS BEEN A POSITIVE SOURCE INCOME FOR HIM!
WHY. WHY NOT I say.
How many Central Banks around the world have been selling off bills to stock pile "GOLD"? FOR the purpose of building assets and protecting their buisnesses. every Bank in the world has been ordered to increase their assets , well this man is now investing in the source of the resource that most are buying to do as ordered.
"I.O.O.' the world currencies that be, are looking at a big change of value. whether up or down will mean a huge change in economics, in the future. the two most lucrative or sound investments seem to be precouis metals and techi stocks.. since interest rates are being held at a historic low. if you can't make profit it can not be in the portfolio.
SO when the banking/ currency is dumped for a more positive profit my guess is he is using a safe harbor until the storm blows over...
As said in the investment world... FOLLOW THE MONEY.
Is Soros following the the lead of the banking industry? who have been ordered to become sec 8 compliant by doing this... is he following the lead of the WORLD BANK/ BIS and sorry we don't fit in to that pay scale to devulge the others..
LOL ...ask yourselves WHY NOW.... are we getting closer to it? Frank 26/rick
George Soros sells all shares of Citigroup, Bank of America and JP Morgan
By John Vibes
WASHINGTON (INTELLIHUB) — Just over 2 decades ago banker George Soros made his most famous investment by shorting the British pound and pocketing a billion dollars in the process. Since then he has become famous for betting on stock market crashes and in some cases even rigging markets to fail for his own gain.
Just months ago, Soros made headlines by making a billion dollar stock bet against the S&P 500. At the time this was said to be a sign of trouble ahead for the US economy, as Soros has seemed to have had advance knowledge of market crashes in the past. As a result of this reputation, investors have begun to keep a close eye on his holdings.
This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.
The Wall Street Journal reported that “George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)”
In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. “We witnessed the collapse of the financial system … It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”
Read more at http://intellihub.com/george-soros-sells-shares-citigroup-bank-america-jp-morgan/#hFjsKVWCQuMs733S.99
About the Poofness newsletter... Date: Sunday, 1-Jun-2014 18:52:32
Hi, Folks - I see you out there and I know you're waiting. :) There's been no word from Susan to the contrary, so I'm expecting the newsletter will appear today. If that changes, I'll let you know. --hobie
[terrib] @originalmarkz: For those wondering about Iraq's value. They are pumping 3.25 million barrels a day at about 100 per in profit. 325 million a DAY. Math?
[ByGrace] terrib Tell ZMan that would be 325 Million per day, or about 1.2 billion a year (at a static level)... lol
[hunt5309] ByGrace 325 mil x 100.00 =32.5 billion
Guesses to Exogens Picture Clues Sunday Afternoon:
Vinman June 1, 2014 at 5:45pm
Time is running out.
There has been a line drawn in the sand.
No rest for the weary.
Big or small...lies are still lies.
Excuses are worth nothing anymore.
Everyone is pointing fingers at each other and trying to place blame.
The world has neutralized the problem.
Jack Lew has been neutralized!
CL has been neutralized.
DC has been neutralized.
Bad guys are now neutralized!
Evil bankers neutralized!
Evil Rothschild government infestation has been neutralized!
Bildeburgs have been neutralized
Evil ones Boehner, Cantor, Reid and McCain have been neutralized.
G T June 1, 2014 at 5:49pm The BAD GUYS Got Caught with ttheir hands in the Money Jar!!! They tried to give Excuses for stopping the RV!! They've been apprehended/Neutralized...Back to the timing to Release......Am I RIGHT????
L T June 1, 2014 at 6:43pm Vote out ALL INCUMBENTS and stay away form the Dems/Repubs the majority are owned by the banksters
NewEarthNow June 1, 2014
This is sounding better by the moment!
Should mean we really do get our exchanges in asset-backed TRN's......?????
Gymrat > J. harv June 1, 2014 at 6:16pm
Well with all this neutralized this shiny new RV should have WHEELS
[walter-bs] un wont show rates, found out forex wont open till jun 2 8:00 am edt instead of sunday 5:00 edt pm
[kogarris] thats strange.. cause my senator friend said we would start seeing this after 5 pm est today... well maybe its a slow float..
Already Blessed : according to this: http://forex.timezoneconverter.com/?timezone=US/Central; Forex doesn't re-open now until Monday morning at 8:00 eastern. 6:01 PM
Someone on OM (open mic) said they heard or read that the opening time was going to change. That's why I started looking.
Opens New York United States America/New_York 08:00 AM
02-June-2014 Presently Closed