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Soros dumps stocks

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    Billionaire George Soros Dumps 37% of Stocks To “Buy Up Massive Amounts of Gold” But Why?

    Mac Slavo
    June 3rd, 2016

    The suggestion seems to be that a point of no return is coming for the stock market system of illusion and usury. The Fed’s great bubble is getting ready to burst. It is playing out on a time frame decided, undoubtedly, by those closest to the inside.

    Worse, the end of the U.S. petrodollar is playing out, with plenty of geopolitical drama as currency wars threaten to undo the foundation that the nation has been resting upon.

    shtfplan.com/conspiracy-fact-and-theory...

  • Independent
    Ft.myers, FL
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    Don't worry; our "billionaires" get only richer by "downturns", just like Trump he loves "bankruptcy" . The main problem in our large "power" player countries is that certain people are in control, who should not be there or rules and laws which do not fit the times or culture. The EU and the US are typical in " too large to fail" because there is always an up and down movement because of events. However in the EU due to the fact that the individual countries have their own cultures and language; then an "central" government becomes too complicated and makes mistakes, like the Greece disaster. In the US due to "capitalism" which works fine for the rich, but not the poor. But of course "downturns" are part of life.
  • Independent
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    Psychotic conspiracy websites don't really fly. The petrodollar isn't going away for a long while. What currency will be viewed as safe? China's? No, they manipulate their currency and have severe future growth issues including a huge population counting on the world's largest market (hint: the u.s.) buying the stuff they make. They are attempting to build internal demand but so far not so much. India? Please. The other two members of the b.r.i.c.? No way. No, the dollar will be the reserve currency and the t-Bill the safe haven for a while. And gold means nothing. Now I actually do subscribe to a collapse but in a different manner. What conspiracy websites seem to miss is the fact that capitalism requires continual access to new markets. This was done in the past via colonialism. It is now done either by the imf and world bank (and even they are waking up to the failure of free market theology) or at gun point (see Iraq and the southern cone). Free market theology is failing and the world needs to scrap it before it scraps the world.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Nobody wastes any kind of move.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    "Free market theology is failing and the world needs to scrap it before it scraps the world."

    Circumstances are never examined beyond establishing a profit. Make a profit =success. The people that run, study and influence the market are like generals in a war. One goal, profit, and no concern for collateral damage. All mistakes are absolved as long as the goal is profit. I was talking to a CEO who attended a special business program at Harvard. Stating that they touch on morals, ethics and logic I asked him what is the single overall motivating guiding ethic of business school. He replied: "make a profit for the stock holder".

  • Independent
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    Chet Ruminski Wrote:

    "Free market theology is failing and the world needs to scrap it before it scraps the world."

    Circumstances are never examined beyond establishing a profit. Make a profit =success. The people that run, study and influence the market are like generals in a war. One goal, profit, and no concern for collateral damage. All mistakes are absolved as long as the goal is profit. I was talking to a CEO who attended a special business program at Harvard. Stating that they touch on morals, ethics and logic I asked him what is the single overall motivating guiding ethic of business school. He replied: "make a profit for the stock holder".

    were the gentleman honest he would have said "boosting share price for the top management."
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    "the single overall motivating guiding ethic of business school..."make a profit for the stock holder".

    Well I would have to agree. If the business doesn't make a profit for the owners, they go bankrupt and everyone loses. So the point of discussion should really be "how much profit and how should it be distributed".

    The trend has been for more of the profits to be given out to the CEO and management teams and less to the workers. Healthy companies give bonuses or perks to all their employees. However, economic cycles go up and down, and the employees need to learn to ride those waves as well.

    Collateral damage? If you mean the environment, then yes everyone, including corporations, has a responsibility to be good stewards of the environment...especially fossil fuel companies.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    lonely bird, Now that the election is over stock trading comes back into focus. It is almost overwhelming in both the technical and moral aspect. Here are my intuitive only non educated observavations.

    Technically: Faster signal delivery, super computers, artificial market makers, algorithm algorithms and all the rest beyond outsider observation.

    Morally ethically: They don't even try to hide front running, actually pay a fee to observe trades in the process of being executed with the purpose of acting on that information, front running is only available to exclusive operators, trading is more than 85% electronically generated, hiding the fact that new money is the income servicing derivative trading, derivatives have no interest in the market, federal law supersedes local law permitting gambling, gambling replacing labor as income source.

    Extrapolated outcome: Next big crash will evaporate retirement funds with repercussions I can't imagine. Will "hang in there" work. No warning from powers that be because any outcome improves their position. The analogy for passive acceptance is San Francisco. The indications are twofold. Warning: San Francisco is particularly vernable for a destructive earthquake. Reaction: " It is almost totally disregarded ".

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    "Collateral damage? If you mean the environment"
    Schmidt, The environment is a concern because it is a victim of profits but the environment has lawful representation. Another victim is the livlihood of the lower classes who have no representation. In fact the lower classes have right wing induced contempt and fall victim to both profits and the environment. I know there are enough resources in this world to provide a "living" for everybody in this world. I know there are other ways to protect the environment than through the zero tolerance zero oversight system. There is no consideration or even tolerance for the lower classes in both conditions. Would the lower classes get representation and better treatment if classified as animals.
  • Independent
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    Schmidt Wrote:

    "the single overall motivating guiding ethic of business school..."make a profit for the stock holder".

    Well I would have to agree. If the business doesn't make a profit for the owners, they go bankrupt and everyone loses. So the point of discussion should really be "how much profit and how should it be distributed".

    The trend has been for more of the profits to be given out to the CEO and management teams and less to the workers. Healthy companies give bonuses or perks to all their employees. However, economic cycles go up and down, and the employees need to learn to ride those waves as well.

    Collateral damage? If you mean the environment, then yes everyone, including corporations, has a responsibility to be good stewards of the environment...especially fossil fuel companies.

    Profit for stockholders is not ethic, it is purpose. And should not be the sole purpose. Corporations are legal constructs and as such are and should be subject to the legislature in terms of their functions and existence. Examination of family or stakeholder capitalism finds a much better fit in the community generally speaking than short-term shareholder value.

    personally I have zero problem with elimination of limited liability. When investment banks were partnerships the actions of the banks directly impacted the partners. With the advent of investment banks becoming publicly traded the result was a disconnect between management and the traders which increased with massively distorting incentives. Profit was the sole purpose. Nothing else mattered. Combined with failed economic theology and we had the f.i.r.e. sector blowing up every decade since the '80s.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Right wing talk stars have capitalized on the reactive defensive side of human nature framing it as the guiding model for human behavior. Self importance, self determination and greed which used to be warning signs are now admirable qualities. Since childhood people have been groomed unknowingly with the best intentions that left them easily diverted to the "right side". Make something of yourself and comparisons to less rewarding jobs and careers analogize poor people as failures. Welfare was demonized by obscene abuses and instead of repairing the built in abusive qualifications it was reformed to deny the initial objective. Money, no matter how acquired, became the standard for respectibility, honesty and knowledge. No money became synonymous with failure and questionable. Children are taught with the best intentions to be good, kind and generous. As they mature it is just the opposite as well as good, kind and generous modeled as success. Dangerous for society creating permissivness.

  • Independent
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    Interesting.

    i am reading Yves Smith's book "Econned: how unenlightened self-interest undermined democracy and corrupted capitalism. The concept of self-interest leading to the common good (called Adam's fallacy in a book of the same name by Duncan Foley) not only doesn't work, it cannot work. Your self-interest and mine may be diametrically opposed. The entire edifice of capitalism as proposed by smith and then mutated by neoclassical theology is a chimera.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Not without purpose has self interest been pervasively chanted. It guarantees power to the powerful. Just as deregulation gives absolute regulatory power to the purse strings.

    "Your self-interest and mine may be diametrically opposed". Exactly. Destroys cooperation, erodes foundation for any type of co-op from unionizing to community stability. Coupled with self determination then the most extreme example is awarded the presumptive candidacy of the Republican Party.

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    Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard

    Tyler Durden's picture
    by Tyler Durden
    Jun 28, 20


    , Greenspan was on Bloomberg Surveillance where in an extensive, 30 minutes interview he was urged to give his take on the British referendum outcome. According to Greenspan, David Cameron miscalculated and made a “terrible mistake” in holding a referendum. That decision led to a “terrible outcome in all respects,” Greenspan said. "It didn’t have to happen.” Greenspan then noted that as a result of Brexit, "we are in very early days a crisis which has got a way to go", and point to Scotland which he said will likely have another referendum on its own, predicting the vote would be successful, and Northern Ireland would “probably” go the same way.

    His remarks then centered on the Eurozone

    zerohedge.com/news/2016-06-27/greenspan...

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    Stock market goes to historical high. The result of Br-exit, have you noticed?