Billionaire George Soros is continuing to bet against the U.S. stock market in the wake of President Donald Trump's election, insisting the economy will crash. His latest wager is $1.8 billion.
U.S. regulatory filings show George Soros is still investing in options that will profit him only if the stock market they are linked to declines in value. Soros Fund Management held put options on PowerShares QQQ Trust, SPDR S&P 500 ETF, iShares Russell 2000 ETF as of June 30. Each is an exchange-traded fund that tracks a broad US stock market index. The bet is worth $1.8 billion. Soros stands to profit only if the stock market falls. Michael Vachon, a spokesman for Soros Fund Management, said the company would not comment on the filing.
In January, Soros said "it's impossible to predict" President Donald Trump's actions, but he was nonetheless sure the market would plunge. Soon after the election, Soros lost over $1 billion by taking a short position on the market. While Soros called Trump a "would-be dictator," and predicted uncertainty and a sell-off after his win, the markets have rallied significantly. The S&P500 index is up over 10 percent this year, the Nasdaq is up 18 percent, and Dow Jones is up over 11 percent.
Soros is best known for making a fortune on his short play against the British pound. On Sept. 16, 1992, Soros' $10 billion short position on the pound forced the Bank of England to withdraw Sterling from the European Exchange Rate Mechanism after it was unable to keep the currency above its agreed lower limit in the ERM.
They should file charges against Soros for market manipulation. He is playing these short positions on the QQQ and SPY and then paying for organized protests (useful idiots) to create political chaos.
Kevin Baker
this. he's too smart to do bets. get ready for more happenings.
Ayden Ramirez
Would explain BTC rising in value.
Ryder Cook
>taking anything this BLM funding old fuck says seriously
Angel Allen
I don't think there's enough connections to him bankrolling the protests for an indictment
Jacob Peterson
plz get liquidated
Michael Bailey
> ywn sponsor angry nigger mobs and middle eastern terrorist
Jason Hall
what the fuck is this kikes problem. I heard he also used to crash poor 3th world country currencies back in the days just to make some profit.
Jack Green
How did he become a billionaire?
He is worse at making money than me at investing in crypto.
Wyatt Cook
He probably bought some TME (Timereum).
Christopher Smith
he literally sold out his fellow jews to nazis in ww2
Benjamin Jones
jews ruin everything.
Jack Ward
I honestly believe the amount of Soros-funded political protests is severely blown out of proportion. at this point at least, the thing has momentum of its own.
I also believe its only a matter of time before Soros is proven correct with his bet
Owen Jackson
>mfw soros has said multiple times that the current economic system is broken and needs regulations. >mfw he wants to destroy US just to prove his point.
Liam Turner
>all these /pol/tards getting angry
This is part of the reason you will never make money, because you buy too much into this bullshit.
Mason Sullivan
Consider headbutting a spear
Ryder Campbell
>he is literally bagholding >he is literally fudding, paying protestor and making then carry "we are the against america marines" torches >he is no worse then those pink wojaks posters lmfao , post ur face this is truly the best timeline
Kayden Kelly
are you scared of the big bad boogey man
Grayson Sanchez
This. You keep complaining about jews and shit but it's your own retardation that keeps you fucking poor. Get your head out of /pol/'s asshole every once in a while and get a breath of fresh air.
Hudson Diaz
This is part of the reason you'll end up in an oven, because you believe blatant market manipulation is acceptable.
Tyler Gomez
you would do well to take a more pragmatic view of the world
Luis Gutierrez
He's actually right and believe it or not a market correction is the best thing that could happen to it.
Hopefully he sells his bags before the drop and loses money both ways.
Ryan Clark
/thread /pol/ knew the market it's going to a catastrophic crash until rddit took over
Jordan Johnson
>literally funded by foundations owned by him
>not enough connections
bruh...
Nolan Flores
Then he moved on to the British Pound, crashed their whole economy.
Jose Harris
We need a correction, true. But it will only be so radical because of the fuckery on the part of the Federal Reserve, a privately owned bank which manipulates our economy on a fundamental level. Which is what Soros loves until he doesn't.
Oliver Garcia
The Fed and the other Chosen, Wal St. , the US gov and their financiers, Obongo kicking the ball down the road, etc.
ANyway fuck Soros but the market is going to crash and he wil prosper from it. I'd expect him to pile on like he did to England. He'll be helping us, unintentionally.
Evan Brown
>no punitive action
bruh
you probably need 4k video footage of soros eating babies
Adrian Butler
1.8 billion? thats not much. his hedge fund is like 30 billion.
george soros is going all in on this plan. he spent years bribing the government of sweden, germany, and canada to help his agenda creating protests, refugee crisis, funding liberal terrorism, censoring conservatives on youtube and social media.. 1.8 billion bet is nothing. he probably spent more than that on the behind the scenes mess already.
the market will crash even without his interventions, its natural at this point. he will increase his bet to tens of billions later on
Luke Sanders
>George Soros >a billionaire pink Wojak poster
Ryder Perry
> 4k video footage of soros eating babies All that will lead to is an metric fuckton of Wall St robots outraged that no one gave him a napkin to wipe his chin
you'd need way more than that.
Aiden Morris
british politicians who wanted to join the euro where sneaky and got them on the path to joining the euro but this jew realized they couldn't afford to keep paying to maintain the expensive peg to dem. and so thanks to him the uk's destiny was sealed to not to join the euro. but it's doubtful that he actually intended to prevent the uk from joining the euro, so perhaps it was another of his colossal fuckups just like now.
Anthony Sanchez
Serious question: whats the point of making more money when your close to death? Just why. And even worse he wont leave a positive legacy so what is his game
Blake Jenkins
you're close to death every single day laddo
Nolan Adams
Regulations are beneficial to already well established actors, this is why you see big names like Soros always shilling for big government and lots of regulations.
Free markets are the best for the consumer.
John Green
he has 5 children, including this shithead
Easton Gutierrez
At least it's better than funding BLM thugs
Parker Nelson
This guy is loaded. But he does have an agenda. There's a reason he's not welcome in Russia. He funds so many unrests it's crazy.
Cooper Phillips
So his minions can keep funding terror froups for decades to come
Matthew Bell
He's probably going to kick the bucket any day now. Who inherits his shit?
Jacob Price
he crashed the pound and the italian lira . that s how . he should be prosecuted for financial terrorism t b h
Jason Stewart
en.wikipedia.org/wiki/George_Soros economist Paul Krugman was critical of Soros's effect on financial markets. [N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit.
Leo Mitchell
yep. then all his left-wing buddies that live and die for redistribution of wealth can go nuts handing out his holdings to honest, hard-working folks all over the world to make up for it. not that that would happen, it'll go to leeches instead.
Jonathan Allen
>everyone protesting against Trump is paid by Soros
You have to go back.
Samuel Young
I haven't a good sensible chuckle in a while, thanks user
Asher Miller
>Implying it's not about to crash, Soros or not.
Nolan Garcia
This I thought Veeky Forums was above this /pol/ nonsense. This market right now is unsustainable and we will see a crash in the next 6-12 months
Xavier Morales
Interesting. Thanks for posting this , OP.
Robert Hall
Huge investments like this tend to create self fulfilling prophecies because people panic when someone that so many people listen to does this.
It's fucking stupid how this is what our economy is based on. If people ignored this old wrinkled cunt nothing will happen
Charles Lee
underrated post
Juan Kelly
Trump is going Super Saiyan on the whole planet right now
How is it possible for one man to be winning this hard?
Juan Collins
And Veeky Forums memed him into the presidency- thanks boys ;)
Most hilarious president ever - hope he gets re elected
