George Soros

The Goals Of The Rule-Or-Ruin Republicans

Whatever one may think of Donald Trump, his campaign has done us a service - exposing the underbelly of a decaying establishment whose repudiation by America’s silent majority is long overdue.

The New New 'Deal' - "Markets Are Too Important To Be Left To Investors"

In the same way that FDR had an existential political interest in generating inflation and preventing volatility in the US labor market, so does the US Executive branch today (regardless of what party holds the office) have an existential political interest in generating inflation and preventing volatility in the US capital markets. Transforming Wall Street into a political utility was an afterthought for FDR; today the relative importance of the labor markets and capital markets have completely switched positions. Today, the quote would be "markets are too important to be left to investors."

Steve H. Hanke's picture

Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Since 1983, when Hong Kong adopted its currency board system, speculative bets against the Hong Kong dollar (HKD) have ended in the graveyard. Just ask Bill Ackerman. He bet the house in a 2011 attach on the HKD, and he lost big. Now, it’s reported that the likes of George Soros and Kyle Bass are rolling the dice against the HKD. They will lose, too.

Soros Floods Democrats With Millions, Warns Trump Of "Consequences"

Following MoveOn.org's "success" last Friday, George Soros is back on the lips of an increasing number of Americans as Bloomberg reports, the liberal billionaire, whose effort to unseat President George W. Bush in 2004 shattered political spending records, is returning to big-ticket activism after an 11-year hiatus. Soros has spent or committed more than $13 million to support Hillary Clinton and other Democrats this election cycle and has warned Donald Trump (and Ted Cruz) of "consequences" for their words and actions. Welcome to the Oligarchy.

This Is What Wall Street Thinks Of China's FX Trading Tax

Last night we reported that the PBoC is now considering a Tobin tax on FX transactions. The follows reports that a series of big name money managers - or, as China calls them “predators,” and “crocodiles” - have placed outsized bets against the yuan. Here's what analysts think of the PBoC's latest move to crush the "speculators."

Caught On Tape: Secret Service Agents Storm Stage To Protect Donald Trump

Shortly after beginning his speech at a rally in Dayton, Ohio, Donald Trump was rapidly surrounded by Secret Service agents after an audience member grew increasingly raucous to the point of Trump appearing to duck at hearing a noise. Trump did not leave the stage and carried on with his speech, adding "I was ready for him, but it's much easier if the cops do it, don’t we agree?" This comes after last night's violent protests (which Soros-funded MoveOn.org have taken credit for) and this morning's misinformation about the cancellation of the Ohio rally.

The World Is Hoarding Gold: "This Was Just A Taste Of What's To Come"

"Before any big move in gold we have always seen extreme volatility or volatility pick up. This was just a taste of what’s to come in the next few years... We’ll look back at this and be reflecting on how minimal this move was compared to what’s going to happen as we go forward... They’re just positioning themselves for what’s to come."

The Silver Age Of The Central Banker (Ends Badly)

The Golden Age, per the original Greek myth, was an era of unblemished cooperation and great deeds. The Silver Age, on the other hand, was a pretty miserable time to be alive. Not as warlike as the Bronze Age, and not the war of all against all as in the Iron Age, but the spirit of the age was one of strife and competition. It ends badly. What’s required is seeing the world for what it is, not what we might wish it to be. That’s not easy, whether you’re a central banker or a small investor, but it’s never been more important.

"A Dramatic Escalation Appears Imminent" In Syria

The problem for the USA is that it has no good option to achieve its overriding goal in Syria: to “prevent Russia from winning”. In the delusional minds of the AngloZionist rulers, Russia is just a “regional power” which cannot be allowed to defy the “indispensable nation”. And yet, Russia is doing exactly that both in Syria and in the Ukraine and Obama’s entire Russia policy is in shambles. Can he afford to appear so weak in an election year? Can the US “deep state” let the Empire be humiliated and its weakness exposed? In fact, in the next few days, we are probably going to witness a dramatic escalation of the conflict in Syria.

Kyle Bass Is Dead Wrong About Chinese Banks Says Chinese Bank

As the eyes of the financial world shift towards what may be some very serious problems in China's mammoth banking system, one analysts says fears about an imminent meltdown are overblown. Meanwhile, NPLs just hit their highest level since Q3 of 2006.