He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992. But a source with knowledge of the firm said Soros was not involved in the rumoured trade and questioned whether in fact there had been such a trade at all.
The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond futures, reported ETF Daily News. Now the investor's gamble seems to have paid off after Standard and Poors issued a credit rating downgrade from AAA to AA+ last Friday. Whoever it is stands to earn a 1,000 per cent return on their money, with the expectation that interest rates will be going up after the downgrade.
The link has been made to Mr Soros in part because he has been tied to President Obamas administration since 2008, reported The Examiner. He also recently stopped managing money for outside investors, meaning he is under less scrutiny from the Securities and Exchange Commision. But the mystery bet could easily have been made by another trader with similar resources, despite Mr Soross links with the Obama administration. The bet also raises questions of whether President Obama and Treasury Secretary Timothy Geithner knew that a downgrade was on the cards. Mr Geithner said in April there was no risk of a downgrade - but the government now appears annoyed, not surprised, by last weeks decision. He has since slammed S&P for showing 'terrible judgment' in their decision and a 'stunning lack of knowledge' of U.S. fiscal budget maths. (8.09.2011, Mark Duell) http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html
[Ed. note: Soros, little timmy, and others knew about the downgrade. The criminal who gave the order for it was david rottenfeller. It is part of his plan to destroy the American economy so the American people will submit to his New World Nightmare. david does not care about pennies, but he lets his minions make a few bucks on his criminal acts.]
"To Achieve One World
Government it is necessary to remove from the minds of men their individualism,
their loyalty to family traditions and national identification." (Brock Chisholm - Director of the World Health Organization)
"A society whose citizens refuse to see and investigate the facts, who refuse to believe that their government and their media will routinely lie to them and fabricate a reality contrary to verifiable facts, is a society that chooses and deserves the Police State Dictatorship it's going to get." (Ian Williams Goddard)
The fact is that "political correctness" is all about creating uniformity. Individualism is one of the biggest obstacles in the way of the New World Order. They want a public that is predictable and conditioned to do as it's told without asking questions.
"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first." Thomas Jefferson