Among MFA members, George Soros is the most well known. He has made his fortune by short selling and then pouring his private wealth into shadow organizations to subvert various nations. Hastening a market meltdown to give the election to Barack Obama would fit with his pattern of profiting while destroying the social order of his target country. His financing of the Democrat Party and hundreds of 527 organizations collectively has become a “Shadow Party” unto themselves. While profit and control motivate most hedge fund executives, Soros also has an ulterior motive to hasten a New World Order.
Jeff Lukens
Newsvine
8/24/2011
Hedge fund traders had a great year in 2008. That year, hedge fund short sellers were instrumental in the spike in fuel prices, the bankruptcy of Lehman Brothers, the banking crisis, and the stock market collapse. While extremely wealthy hedge fund traders engineered each of these calamities, and made billions of more dollars short selling each one, the American people collectively lost trillions of dollars in the value of their homes and savings.
And, as amazing as it is, no one went to jail. Why? Well, perhaps it is because in 2007 the perpetrators had some laws changed to their liking. And perhaps it is because these people are politically connected to the Obama Administration and Congressional liberals. Our government is protecting them, and there needs to be a public investigation into this matter.
The hedge fund short sellers who were at the root of the mayhem are found primarily at the Managed Funds Association (MFA), the so-called “voice of global alternative investment community.” MFA members include George Soros, John Paulson, Jim Chanos, James Harris Simons, and others.
When Democrats took control of Congress in January 2007, MFA lobbyists soon began pressuring Securities and Exchange Commission Chairman Christopher Cox to remove safeguard regulations that provided the conditions for stable markets. Such regulations had been in place since 1938. Cox eventually yielded to their requests to repeal the uptick rule, circuit breakers, and trading curbs. The Federal Accounting Standards Board also instituted mark-to-market accounting. Short ETFs (Exchange Traded Funds) were introduced that year as well. Collectively, these changes fomented the resulting financial disaster.
The next year was a tumultuous one for investors. Early in 2008, the stock market was trending lower as news of the subprime mortgage crisis began to unfold. In July, oil prices spiked to $147 per barrel sending ripples through the economy. One of those ripples was to hit Lehman Brothers. The double whammy of subprime mortgages and soaring oil prices put them under.
On Monday, Sept 15, Lehman filed for Chapter 11 bankruptcy while other lending institutions lined up like dominoes teetering on the edge of bankruptcy. On Thursday of that week, a $550 billion electronic run on banks occurred within an hour or two, going mostly to offshore accounts. Instantly, there became a liquidity crisis within the banking industry. In an unprecedented move, the Treasury and the Federal Reserve had to act together to stop what had become a full-fledged panic. No one has ever investigated who withdrew the money or to where it went.
Up to that week, John McCain was ahead of Barack Obama in some polls by about 3 percent. By Oct. 10, the S&P 500 Index had lost 25 percent of its value from what it had been a month before and the McCain campaign was doomed. Hedge fund short sellers effectively handed the election to Barack Obama.
Declining markets occur all the time. It would be an outrage to the American people if someone were to induce a market panic in the midst of a presidential campaign. Could this be what happened in 2008? We may never know for sure. The evidence is at best circumstantial. This could possibly be the perfect crime of all time. The question we need to ask ourselves now is whether we are exposed for this to happen in 2012?…
The article continues at Newsvine.
H/T Gulag Bound
Also, at The Blaze, Report: Soros Claims Mysterious Buyer of Euros in the Market:
Der Spiegel recently interviewed the master of all currency market speculators: George Soros.
According to the Der Spiegel interview, Soros suggests that the reason the euro continues to outperform the U.S. dollar is because of there is “mysterious buyer” in the market.
The euro has held up surprisingly well despite turmoil in European debt markets. It is up 7.6 percent against the dollar so far this year.
During the interview, the Der Spiegel interviewer posited that the “mysterious buyer” was most likely the intervewee. Although Soros eschewed the notion, it probably would not be unfair to assume that he possesses some small part of arcana regarding the identity of the “mysterious buyer.”…
