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How The Swiss National Bank Almost Crushed George Soros

Tyler Durden's picture




 

Minutes after last week's Swiss National Bank shocker, jokingly we mused:

... because there would be nothing more ironic if the man who "broke the Bank of England" ended up being FXCMed himself by another central bank, over two decades later and just as he was set to finally retire, at the age of 84, formally, something he supposedly announced in Davos yesterday.

As it turns out, we were almost correct, and according to the WSJ, Soros Fund Management, which manages more than $25 billion for investor George Soros, was betting against the Swiss franc in the fall before it removed those bearish positions.  Why did the Soros so conveniently take off a bet which, with leverage, could have resulted in massive losses for his hedge fund? The WSJ says he did so after "viewing the risk as too high relative to potential gains, said people close to the matter." Well as long as "people close" think Soros did not have input directly from the Swiss central bank, or perhaps the occasional hint from Kashya Hildebrand, then one can't help but marvel at the octogenarian's impeccable timing.

As a result, the franc’s surge last week didn’t have a major impact on Mr. Soros’s firm’s profits, "these people said." Naturally, if Soros was still short the CHF, he would have suffered massive losses.

Curiously, Soros wasn't the only one to "luckily" pull his bearish CHF exposure ahead of the 30% move: Brevan Howard Asset Management, run by billionaire Alan Howard , was profiting from a negative bet on the Swiss franc against the dollar before it cut back shortly before the Swiss currency soared. Brevan’s flagship $23.7 billion fund gained 0.8% last week, taking gains for this year to 1.9%.

How lucky.

So Soros and Brevan were spared due to some truly impeccable timing. Others were not as lucky. Here is a quick recap of all the hedge funds (excluding the numerous retail FX brokers such as FXCM that blew up in the aftermath) that have been known to have suffered terminal or partial, but still cripppling, losses. We already know about

  • Marko Dimitrijevic, who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money when the SNB unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm. Everest Capital’s Global Fund had about $830 million in assets as of the end of December, according to a client report. The Miami-based firm, which specializes in emerging markets, still manages seven funds with about $2.2 billion in assets. The global fund, the firm’s oldest, was betting the Swiss franc would decline, said the person. A spokesman declined to comment on the losses. Calls to Dimitrijevic weren’t returned.
  • Michael Platt’s BlueCrest Capital Management lost 5.5 percent in its macroeconomic fund through Jan. 16, two people with knowledge of the matter said. Amid the losses, Luke Halestrap and Peter McGarry left the $15 billion Jersey-based firm and BlueCrest shut a portfolio run by currency money manager, Peter Von Maydell, according to people with knowledge of the decisions. Von Maydell, Halestrap and McGarry didn’t reply to e-mails and telephone messages seeking comment.
  • Comac Capital, the $1.2 billion firm run by Colm O’Shea, is returning money to clients after it lost 8 percent from the franc surge. The declines bring its loss this month to 10 percent, according to a person familiar with the matter. London-based Comac will continue to trade with internal money, the person said. A spokesman declined to comment.
  • Fortress Investment Group’s main macro hedge fund lost 7.6 percent last week, a period during which markets were roiled by movements in the Swiss franc. The macro fund’s decline last week brought its losses this year to 7.9 percent, Reuters reported, citing a letter to investors. Fortress didn’t give a reason for the loss in the letter, according to Reuters. Gordon Runte, a spokesman for Fortress, declined to comment.
  • SaxoBank moments ago reported it would lose up to $107 million on the Swiss Bank move.

But while the vast majority of "hedged" speculators were massively short the CHF into the Swiss announcement, there were some who bet against the central bank, and made huge profits.

First and foremost among these, Quaesta Capital AG: "The firm, which oversees $3 billion in Pfäffikon, Switzerland, bought options “a considerable time” ago betting that the euro would drop below 1.20 francs, said Chief Executive Thomas Suter."

Those bets paid off last Thursday, when the Swiss National Bank ’s decision sent the franc soaring against the euro and delivered a boost to investors in a $120 million Quaesta strategy that is up at least 14% this year, according to a letter to investors.

 

“We immediately knew that it was going to be a very, very good day for this strategy and its investors,” said Mr. Suter, who said the firm made the bet because of its low cost and high potential rewards.

Omni Partners was another such winner, which "locked in a small profit, by making small trades that it closed out the same day following the massive franc-euro swing, according to a person familiar with the matter. Omni Partners has about $1 billion under management in London.

London-based macro hedge fund Rubicon Global was down 2.3% at the end of the first full week of January but recouped most of those losses, helped by a positive bet on the Swiss franc, said a person familiar with the matter. Rubicon declined to comment.

 

Stockholm-based Lynx Asset Management, which manages $5.5 billion, gained more than 2% last week, helped by bets against the euro. The firm is up about 4% this year to Jan. 16, said a person who has seen the numbers.

We expect to learn about even more victims and casualties in the coming days as career-ending margin calls can only be pushed straight to voicemail for so long.

As for everyone in the investing world else who was spared the violent move either to the up or downside, fear not: as more central banks retreat from currency wars, now that things are really heating up, the volatility seen last week will be merely a pleasant reminder of what is about to come as the Big Three move from mere soundbites and proceed to all out tactical FX warfare, until one day, China joins in as well. Then all bets are off.

 

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Fri, 01/23/2015 - 11:54 | 5696778 SethDealer
SethDealer's picture

sux soros didnt go bankrupt on the swiss frank move

Fri, 01/23/2015 - 12:02 | 5696808 Millivanilli
Millivanilli's picture

Is it me or does George now sport a lovely head of golden blond hair? Man, money does buy everything.  If it weren't for his crypt keeper visage he could pass for 12 years old. And if he could pass for 12 that'd mean he could fuck Epsteins stable of 12 year old girls along with dershowitz and prince randy andy, WITHOUT ANYONE BATTING AN EYE.    Shit, I'm cracking myself up.

 

 

Fri, 01/23/2015 - 12:02 | 5696821 I am more equal...
I am more equal than others's picture

 

 

I've always wondered what Satan looked like.... I wonder no more.  

Soros is Satan incarnate.

Satan is Soros incarnate.

 

Fri, 01/23/2015 - 12:04 | 5696833 e_goldstein
e_goldstein's picture

Pfft, Beelzebubba is a small time hood compared to old Georgie.

Fri, 01/23/2015 - 12:11 | 5696874 nuubee
nuubee's picture

Soros' face, to me, is proof that lizard people do exist.

Fri, 01/23/2015 - 12:15 | 5696890 Silky Johnson
Silky Johnson's picture

That's the face of a creature that has fingered a kid or two, and possibly eaten them after.

Fri, 01/23/2015 - 12:23 | 5696939 BurningFuld
BurningFuld's picture

Nothing like dieing with 25 Billion in the bank.

Fri, 01/23/2015 - 12:29 | 5696969 nuubee
nuubee's picture

I'll bet a good prime rib as a last meal actually tops that.

Fri, 01/23/2015 - 12:47 | 5696977 Romney Wordsworth
Romney Wordsworth's picture

A face only a 'HORROR WAX MUSEUM' curator could love.

Fri, 01/23/2015 - 12:50 | 5697060 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

My gawd, he looks like Emperor Palpentine after his fight with the Jedi.

Fri, 01/23/2015 - 12:54 | 5697075 Overfed
Overfed's picture

I'm starting to think that while all of the GMO food, and hormones in the food are detrimental to homo-sapiens, it is actually good for homo-reptilius. Would help explain why the lizard people live so long, and why they want that shit in the food.

Fri, 01/23/2015 - 13:11 | 5697131 J S Bach
J S Bach's picture

This is all too funny.  Soros is and always has been a faithful servant of Lord Sauron Rothschild and they would never allow one of their loyal ring wraiths to fall under a bus.  Soros is part of the "club" and therefore, privy to all inside information.  Trust me... he'll NEVER get "crushed" by the existing system.  Only angry plebs wielding pitch forks (or drones) will be his undoing.

Fri, 01/23/2015 - 13:46 | 5697293 Anusocracy
Anusocracy's picture

The face of a Killer Klown without its makeup.

Fri, 01/23/2015 - 14:41 | 5697495 pelican
pelican's picture

I am just amazed how life's fuck stains live on and on.  They never die.  Soros, Buffet, the Cock brothers just go on and on.

Fri, 01/23/2015 - 14:06 | 5697369 HardAssets
HardAssets's picture

They don't eat GMO. That's for all us 'livestock'.
A means of Nazi eugenics population control (slow mass murder & to drain your bank account through medical expenses - if in a middle class nation. Poor people just get to die.)

Fri, 01/23/2015 - 14:12 | 5697387 jaxville
jaxville's picture

Gee.... You have to stop slandering Nazis by comparing them to some Jews.

Fri, 01/23/2015 - 12:34 | 5696988 maskone909
maskone909's picture

what is telling is that this POS must not have known untill the last minute to pull his money out.  that means that there is a good chance SNB is panicking and did this as a last minute resort.  otherwise i am thinking he would have moved his money much sooner

Fri, 01/23/2015 - 12:53 | 5697067 cnmcdee
cnmcdee's picture

That guy looks like the level boss in a bad Super Nintendo cartridge game.

Clearly he was tipped just ahead what is interesting is how long ahead he closed out so this was all planned for a while

Fri, 01/23/2015 - 13:57 | 5697346 Crash N. Burn
Crash N. Burn's picture

"what is telling is that this POS must not have known untill the last minute to pull his money out.  that means that there is a good chance SNB is panicking and did this as a last minute resort."

 

 Looks like  a branch office of the "One Bank" didn't get permission to stop currency manipulation "the peg".

"How do we know the banking crime syndicate did not give Switzerland’s government prior permission to end its currency-peg? Because of the “reaction” in our totally corrupt/manipulated “markets”.

What did the 30% rise in value of the Swiss franc shout out (to any who understood that reaction)? “The euro is worthless.” As the One Bank engages in its paper-currency Ponzi-scheme with Western currencies; all of the West’s currencies are already effectively worthless (thanks to two decades of “competitive devaluation”).

This is why we now pay as much for a pound of vegetables as we used to pay for a pound of steak, and why many people now have to take out a second mortgage if they want to provide a “steak dinner” for their family. The pound of steak (or vegetables) hasn’t gotten “more valuable”, it’s simply that our governments (and the bankers pulling their strings) have destroyed the value of our currencies. In fact; if the One Bank was not constantly manipulating Western currencies higher (with its serial currency manipulation) the Western world would have already been plunged into hyperinflation.

Had the One Bank known of what Switzerland’s government was planning; it would have used its primary tool for market-manipulation (its Master Trading Algorithm) to greatly reduce the size of the franc’s jump in value, and thus the “shout” that the euro is worthless (along with the West’s other paper) would have been turned into a whisper."

 

Swiss De-Pegging Reveals Worthless Western Currencies
Fri, 01/23/2015 - 14:04 | 5697362 hardmedicine
hardmedicine's picture

i TELL YOU ZERO HEDGE really holds nothing back...... ergo this comment.  No moderators here nosireeee

 

Fri, 01/23/2015 - 14:20 | 5697403 Silky Johnson
Silky Johnson's picture

If you are so easily offended, may I recommed the Better Homes & Gardens website.

 

"Oh Fuck!!!! Find me a moderator, this sonofabitch insulted me!"  ~ hardmedicine

Fri, 01/23/2015 - 15:31 | 5697642 I am more equal...
I am more equal than others's picture

 

 

Hardmedicine wants some sugar to help swallow .....

Break out Mary Poppins and the Chimney Sweep....

...a spoonful of sugar helps the medicine go down in the most delightful way.........NOT

 

Fri, 01/23/2015 - 16:16 | 5697773 hardmedicine
hardmedicine's picture

Hey!  Did I say I was wanting a moderator?  no  .  People read into posts what they want to read into it.  I was celebrating the fact that zerohedge is one of the last blogs that IS NOT moderated.  haha.  You guys need to lighten up a little bit!  As a matter of fact I have frequently referred friends and family here because of the lack of moderators.  :D

Fri, 01/23/2015 - 14:28 | 5697434 Gavrikon
Gavrikon's picture

Seriously?  I felt that Silky's (as usual excellent) comment was measured and restrained. 

Fri, 01/23/2015 - 14:32 | 5697452 sleigher
sleigher's picture

Were you asked to be here or did you just come here out of your own free will?  I am just asking because I don't think anyone is making you stay, I mean if you don't like the comments...

Fri, 01/23/2015 - 16:21 | 5697791 altheatoldme
altheatoldme's picture

Yea, this site is a bunch of paranoids and wack jobs. Don't take it personally.

Fri, 01/23/2015 - 12:02 | 5696823 idea_hamster
idea_hamster's picture

Looks like Krasting was on to something....

Fri, 01/23/2015 - 12:39 | 5697012 Oldwood
Oldwood's picture

 It seems that is always those at the gambling tables complaining the loudest about rigging and corruption. We can blame the booze manufacturers for alcoholism, the cigarette manufacturers for lung cancer, gun manufacturers for gun violence, and bankers for excessive debt. we neither have to buy or use what they are selling. But we can always blame them and call them evil because they take advantage of our stupidity. And we are stupid, because we NEVER learn. Like a hormone enraged hound dog humping the sofa arm, how can we blame HIM? Until we behave rationally, not reactionary, not predictably serving our base instincts, we will be stupid and those most aware will take full advantage, no differently than a farmer tending his sheep.

Fri, 01/23/2015 - 13:20 | 5697170 exi1ed0ne
exi1ed0ne's picture

Explain to me how it is my fault Soros didn't take a good right fucking on this position when the SNB made their "surprise" move.  This is straight up corruption with a less then 1% chance of getting lucky.  Central banks don't do shit like this in the dark - there are plenty of opportunities to broadcast their moves to the "important" people.  Hell, most of them have a fucking seat at the table while this shit is being discussed.

This has zero to do with avoidable repercussions like booze or herpes.  Fuck Soros and the entire rigged world we live in.

Fri, 01/23/2015 - 13:30 | 5697225 Four chan
Four chan's picture

more ironic would be if he died in jail for insider trading with 25 billion in the bank.

Fri, 01/23/2015 - 13:34 | 5697243 exi1ed0ne
exi1ed0ne's picture

And buba in his stank.

Fri, 01/23/2015 - 14:50 | 5697513 froze25
froze25's picture

Some how I think that Buba even has standards.

Fri, 01/23/2015 - 16:35 | 5697849 exi1ed0ne
exi1ed0ne's picture

Everyone has their price, and that would be one hell of a gofundme.

Fri, 01/23/2015 - 15:19 | 5697605 Oldwood
Oldwood's picture

I don't believe Soros or any other of these assholes could do shit if "investors", the little people, were not in the market. these markets need public support and confidence to be able to transfer the wealth from us to them. Anyone who participates is enabling...in my opinion.

Fri, 01/23/2015 - 16:32 | 5697833 exi1ed0ne
exi1ed0ne's picture

Little people have been leaving the markets in droves for years.  Its so bad that the central banks have had to replace day traders as the dumb money by turning on the money hose and propping everything up.  You can't escape this game, nor the consequences caused by people insulated from the repercussions of their actions.  Non-participation in the economy is impossible unless you have transcended the need for material goods like food and shelter. 

This is information arbitrage from the fount of money (central bank) insulating an insider (Soros) from taking the same fucking with a burlap condom soaked in kerosene as everyone else.  Its not the fact that non-connected traders got it good and hard, but that such a system exists at all - that unfair advantage is brokered to the connected in order to keep decision makers in power.  Keeping out of the markets won't solve anything, even though it is a fools game.  The Central banks will happily dole out our savings and economic future to the connected in order to keep their posts in absence of sufficient skim in stocks.

Fri, 01/23/2015 - 19:19 | 5698354 SubjectivObject
SubjectivObject's picture

Little people are still trapped in retirement/pension/401K funds.

Fri, 01/23/2015 - 19:35 | 5698392 exi1ed0ne
exi1ed0ne's picture

The higher paying jobs being replaced by part time food service will kill that one off too - penalties or no.  I haven't had a 401K in close to 7 years, and I'm not alone.  You can only have a negative return so many years before the withdrawl penalty starts looking attractive.

Fri, 01/23/2015 - 12:28 | 5696965 alangreedspank
alangreedspank's picture

He got a bit fatter though
http://i.imgur.com/7fk9OLI.png 

Fri, 01/23/2015 - 15:26 | 5697613 dexter_morgan
dexter_morgan's picture

Cosby need to get Dershowitz as his lawyer.....

https://www.bostonglobe.com/metro/2015/01/22/harvard-law-professors-line...

The tribe can't be questioned these days.

Ol' Slick did the mile high pedophile deal a few times too, eh?

http://gawker.com/flight-logs-put-clinton-dershowitz-on-pedophile-billio...

Fri, 01/23/2015 - 11:59 | 5696814 El Oregonian
El Oregonian's picture

It couldn't have happened to a nicer terrorist tick. Blood-sucking goblin...

Fri, 01/23/2015 - 12:39 | 5697016 ZH Snob
ZH Snob's picture

almost isn't good enough.

Fri, 01/23/2015 - 20:23 | 5697280 richiebaby
richiebaby's picture

Soros(Rothschild) probably(Without a doubt) advised(Ordered) the Swiss to decouple from the Euro

Fri, 01/23/2015 - 11:54 | 5696780 rubiconsolutions
rubiconsolutions's picture

Uh, can anyone spell insider trading?

Fri, 01/23/2015 - 12:02 | 5696819 Ms. Erable
Ms. Erable's picture

Yes; it's spelled George fucking asshole I wish you would fucking die Soros.

Fri, 01/23/2015 - 12:16 | 5696893 DeadFred
DeadFred's picture

Nah, it's just the luck of the devil

Fri, 01/23/2015 - 12:41 | 5697024 Oldwood
Oldwood's picture

You don't win by playing by the rules they impose on us.

If you want to beat a thief, you have to be a thief.

Personally, I would prefer not to play.

Fri, 01/23/2015 - 13:40 | 5697272 malek
malek's picture

Don't make it sound too feel-good Robin-Hood-esque.

If you want to beat a psychopath, you have to be a psychopath.

Fri, 01/23/2015 - 14:00 | 5697355 css1971
css1971's picture

Actually not. Psychopaths have no empathy. They can't understand anyone's motives other than their own. Once you understand this (and that they are psychopaths) you can beat them.

War is deception.

Fri, 01/23/2015 - 17:00 | 5697922 malek
malek's picture

Wrong.
They have no empathy, but they understand the empathy of others, believed to be a weakness by them.

Fri, 01/23/2015 - 15:53 | 5697708 Oldwood
Oldwood's picture

Is it worth winning to be a psychopath?

I'm not saying we can or should remove ourselves from every aspect of this shit, but to be an active participant ensures the end result.

I don't want to beat them. I want to live free of them. If it comes to the point of them actually attacking or imposing themselves upon me, I will resist. But I will not stoop to their shitty existence only to feel like a winner.

Fri, 01/23/2015 - 17:30 | 5697934 malek
malek's picture

Exactly.
I just recently realized that while I was getting better of understanding psychopaths, I inadvertently became endangered to start acting like one. In psychology, you cannot put some of your thoughts in another room and close the door, only to be opened again when you intentionally want to do so...

Fri, 01/23/2015 - 16:58 | 5697915 Ms. Erable
Ms. Erable's picture

If you want to beat a psychopath, use a lead pipe.

Fri, 01/23/2015 - 12:55 | 5697084 noben
noben's picture

Guys like him also manage risk, in part, by having 'friends' in the right places, who benefit from protecting him from a demise.

IOW... guys like Soros have snitches and birches in all the right halls and holes.

Fri, 01/23/2015 - 15:10 | 5697575 Frank N. Beans
Frank N. Beans's picture

a la Billary's cattle futures trade hahahahahahaha yeah no insider info there

Fri, 01/23/2015 - 11:55 | 5696782 Doubleguns
Doubleguns's picture

He looks dead in that picture. Are we sure he is still alive. If he is still alive, "He's close enough".

Fri, 01/23/2015 - 12:08 | 5696853 e_goldstein
e_goldstein's picture

Better drive a stake through his heart just to be sure.

Fri, 01/23/2015 - 12:12 | 5696871 Eyeroller
Eyeroller's picture

Make triple sure:  after the stake, riddle him with silver bullets, then expose him to daylight...

Fri, 01/23/2015 - 12:50 | 5697056 Romney Wordsworth
Romney Wordsworth's picture

Fuckers like this probably have "Vanilla Sky" cryogenic contracts already worked out.

Fri, 01/23/2015 - 11:53 | 5696786 Buckaroo Banzai
Buckaroo Banzai's picture

I wonder if Soros currently has any of the organs that he was actually born with?

Fri, 01/23/2015 - 14:58 | 5697540 froze25
froze25's picture

Good question, some years ago, about 7 I saw on the science channel (also available online) an episode that dealt with using a ingredient in common dish washing detergent that could dissolve all but the "skeleton" of an organ away.  Then when stem cells were introduced to the "skeleton" in some type of a tank that circulated oxygen and nutrients around the stem cells and the "skeleton" a new organ would form to completion.  It was amazing and different organs had been produced.  I saw a heart and a pair of lungs and a kidney.  They used pig organs than dissolved the pig cells from the organ away with the detergent stuff.  Introduced human stem cells and presto a perfect organ match for the stem cell donor.  I have not heard a peep about this technology since.  I would almost guarantee that these old billionaires are using this along with blood transfusions from young people that has also come out on the news.

Fri, 01/23/2015 - 17:12 | 5697964 HowdyDoody
HowdyDoody's picture

It is pure coincidence that the conflict in east Ukraine has enabled mass organ trading to occur.

Fri, 01/23/2015 - 11:56 | 5696787 LetThemEatRand
LetThemEatRand's picture

Insider trading is a crime.*

*not applicable to members of the Club.  If you are part of the Club and have an erection lasting more than four hours after receiving juicy insider information that makes you even richer, see your doctor.

Fri, 01/23/2015 - 12:03 | 5696834 Ward cleaver
Ward cleaver's picture

"The rules around insider trading are very grey"
Little Stevie Cohen. BTW, he goes to same hair stylist
as King Donnie Trump

Fri, 01/23/2015 - 11:55 | 5696788 NoDebt
NoDebt's picture

Are you saying he might have had knowlege beforehand?  I would never believe that of a guy as upstanding as George Soros.

Fri, 01/23/2015 - 14:36 | 5697469 MalteseFalcon
MalteseFalcon's picture

If the Swiss didn't tip to Soros, there would be an "Eidelweiss" revolution the next day.

Memo to those who lost: "It's a big club and you ain't in it!"

Fri, 01/23/2015 - 11:54 | 5696789 Philo Beddoe
Philo Beddoe's picture

Nice bags under your eyes, asshole. 

Fri, 01/23/2015 - 11:56 | 5696793 JailBank
JailBank's picture

And people give conspiracy theorists shit. Well here is why.

Fri, 01/23/2015 - 11:55 | 5696795 disabledvet
disabledvet's picture

Here comes ISIS Europe.

 

Hope you're ready.

Fri, 01/23/2015 - 11:55 | 5696796 williambanzai7
williambanzai7's picture

Fri, 01/23/2015 - 12:58 | 5697093 noben
noben's picture

:-)

Good interview on Radio Sputnik yesterday, Wm B.

Fri, 01/23/2015 - 13:03 | 5697110 williambanzai7
williambanzai7's picture

I didn't realise it was on Radio Sputnik.

Fri, 01/23/2015 - 13:11 | 5697139 NoDebt
NoDebt's picture

Um.... wut?

Fri, 01/23/2015 - 13:47 | 5697306 williambanzai7
williambanzai7's picture

Starts around 11 minutes: https://www.youtube.com/watch?v=vdBRe3s3LPM

Fri, 01/23/2015 - 16:42 | 5697871 Cognitive Dissonance
Cognitive Dissonance's picture

Great interview Bill. Thank you for doing it and for posting the link. I appreciated hearing your message directly from you including the history of its genesis.

Max definitely has ants in his pants. You did well considering he interrupted you countless times.

<Where can I get my pair of Banzai7 sunglasses? Seriously. I loved them.>

Fri, 01/23/2015 - 11:57 | 5696798 buzzsaw99
buzzsaw99's picture

i would lol if somebody pissed in his bisque

Fri, 01/23/2015 - 11:55 | 5696799 Gnostech
Gnostech's picture

Oh of course Soros knew ahead of time. He sacrificed perfectly good children on a blood altar for that information.

Fri, 01/23/2015 - 16:29 | 5696857 Intellikon
Intellikon's picture

the SNB move was obvious to us.. and anyone following our tweets

https://www.twitter.com/Intellikon/status/554347212663029760

Fri, 01/23/2015 - 12:12 | 5696882 Don Diego
Don Diego's picture

I am a perfectly rational person, I think. Still, I am convinced that the longevity of Soros, Kissinger, Elisabeth II...can only be explained by satanic blood sacrifices of children.

Fri, 01/23/2015 - 12:22 | 5696924 DeadFred
DeadFred's picture

Unlike the Pelosi, Boehner, Lagarde, variants some reptilian symbionts have positive interactions with their host bodies.

Fri, 01/23/2015 - 12:45 | 5697033 Oldwood
Oldwood's picture

The good DO die young. Explains modern mortality rates.

Fri, 01/23/2015 - 13:27 | 5697199 Romney Wordsworth
Romney Wordsworth's picture

Oftentimes it's by way of multiple nailgun shots to the back of the head after you were just unfortunate enough to be within earshot of some Hilary Clinton gaggle.

Fri, 01/23/2015 - 16:02 | 5697736 Clarabell
Clarabell's picture

Actually it has been scientifically proven that injecting someone with "young" blood does slow down the aging process.
So it's not hard to believe that these billionaire scumbags keep a stable of children to use their blood. A modern day version of the vampire legend.

http://news.nationalgeographic.com/news/2014/05/140504-swapping-young-bl...

Fri, 01/23/2015 - 12:40 | 5697022 GtownSLV
GtownSLV's picture

<iframe width="560" height="315" src="//www.youtube.com/embed/UmzsWxPLIOo" frameborder="0" allowfullscreen></iframe>

Fri, 01/23/2015 - 11:57 | 5696801 JRobby
JRobby's picture

Like the cockroach that evades the boot

Fri, 01/23/2015 - 13:03 | 5697117 Oldwood
Oldwood's picture

But is the evading cockroach lucky or smart?

Regardless, it makes us want to stomp him even more.

We don't like anybody or anything smarter than us, especially something seen as a lowly cockroach.

Fri, 01/23/2015 - 14:49 | 5697410 Blankenstein
Blankenstein's picture

How is trading on inside information smart?  You are confusing intelligence with a lack of morals, and willingness to break laws and cheat.  He was on the other side of the trade for a reason and then magically got out in the nick of time.  Sure.

This is an insult to the truly exceptional minds. I know some VERY intelligent people in STEM fields and have nothing but the utmost respect for them.  

Fri, 01/23/2015 - 15:29 | 5697638 Oldwood
Oldwood's picture

It is "smart" to cheat when you realize only the suckers are playing by the rules.

Maybe the higher moral ground would be to not participate, to stay out of the casinos and invest in one's self rather than every other get rich scheme on the planet. We all understand the Ponzi scheme and I would contend the vast majority of the participants know it's a ponzi, only believing their future gains are dependent upon timing the fraud, the ultimate collapse. How is it moral to time a collapse, a collapse you are participating in and hoping to profit in, as YOU KNOW that for you to profit, others must lose? Buy low and sell high. Who the fuck thinks that is sustainable. For this to work relies on constantly increasing prices (which we can pretty much understand is fucked up), or someone must buy high and sell low. How is it more moral to do that, knowing that its not just the toss of a coin but a system of crooks deliberately ramping and deceiving to stimulate such actions, than it is for Soros? because he has inside information? The only people gambling at those levels always know which side of the coin will land up. Why is this shocking anyone, especially here?

Fri, 01/23/2015 - 15:12 | 5697585 overmedicatedun...
overmedicatedundersexed's picture

oldwood, just go away, smarter you say, yah like corzine he's just smart, protected and moral less reptile.

Fri, 01/23/2015 - 15:36 | 5697655 Oldwood
Oldwood's picture

I don't like any of them. they are crooks. crooks that rely on people's weaknesses to profit. Nothing to look up to, but they do provide a lesson, a lesson few if any will heed.

STAY THE FUCK OUT!

Its a rigged game that relies on weakness and stupidity to prosper. Why would anyone want to do this?

Because, just like the fucking crooks, it sooo much easier to earn from the game than it is to actually go out and produce something.

And they flaunt their wealth, not from simply ego, but they understand that to do so creates heightened desires in all of us, encourages us to get into the fast buck game as well, so we can share in the splendor of easy money.

Get a job and forget about these rich manipulating fucks. You will have better luck finding love in a whorehouse.

Fri, 01/23/2015 - 12:00 | 5696811 Soul Glow
Soul Glow's picture

George just does what the Illuminatti tell him to do.

Fri, 01/23/2015 - 12:50 | 5697062 The Joker
The Joker's picture

George is illuminati, he's doing what the prieure de sion tell him to do.  Chain of command and all....

Fri, 01/23/2015 - 12:00 | 5696818 Eternal Complainer
Eternal Complainer's picture

Eff'n lizard

Fri, 01/23/2015 - 12:07 | 5696849 prefan4200
prefan4200's picture

That's very insulting to lizards (see my avatar).  Stop it.

Fri, 01/23/2015 - 12:00 | 5696820 Ghordius
Ghordius's picture

"SaxoBank moments ago reported it would lose up to $107 million on the Swiss Bank move "

ah, that's the reason why they were so... butthurt, in that last article on ZH

Fri, 01/23/2015 - 12:46 | 5697039 Oldwood
Oldwood's picture

There is no honor amongst thieves, only common interests. You never know how that will pan out. Three dimensional chess.

Fri, 01/23/2015 - 12:53 | 5697068 Romney Wordsworth
Romney Wordsworth's picture

That's not even a down payment on Jeff Greene's house in CA

 

 

Fri, 01/23/2015 - 15:25 | 5697624 NotApplicable
NotApplicable's picture

Looks like a fun place for a great game of hide and seek.

Fri, 01/23/2015 - 12:01 | 5696824 Conax
Conax's picture

The old lizard has a spy network and insider moles all his own.

Woulda been funny if he took a bath, lizards hate water.

Fri, 01/23/2015 - 12:08 | 5696856 prefan4200
prefan4200's picture

Dammit.  Not you too.  Stop it with the lizard hate.

Fri, 01/23/2015 - 12:20 | 5696920 Conax
Conax's picture

Can't help it.. Just look at him.

Fri, 01/23/2015 - 13:43 | 5697284 Son of Captain Nemo
Son of Captain Nemo's picture

Can't help it.. Just look at him

Oh I don't no...

That dyed blond white hair kinda softens those chameleon "fried egg" serpent eyes along with the trace of enlarged liver spotted complexion of his that look like scales gives him a real "glow"!...

Don't you agree?!!!

Fri, 01/23/2015 - 13:45 | 5697292 Conax
Conax's picture

He's got a face that would look natural slurping up meal worms.

Fri, 01/23/2015 - 12:04 | 5696831 agent default
agent default's picture

SNB:Sorry George we didn't see you there.  BTW send our regards to those TJN and Transparency International NGOs you finance.

Fri, 01/23/2015 - 12:06 | 5696839 ZeroPoint
ZeroPoint's picture

He wants to retire? I thought these people were obsessed with cheating death? Could it be that being a murderous psychopath actually takes a toll on one's health? Who's going to run his mercanaries in Eastern Europe?

Fri, 01/23/2015 - 12:12 | 5696875 optimator
optimator's picture

Its a simple case of "If I can't take it with me I ain't gonna go".

Fri, 01/23/2015 - 12:50 | 5697054 Oldwood
Oldwood's picture

There is only one way to die and take the money with you and that is by dying with massive amounts of uncollateralized debt. Of course you may be taking with you to hell, but your pockets are full.

Personally, I would rather leave this world with a full heart rather than full pockets.

Fri, 01/23/2015 - 12:06 | 5696842 wmbz
wmbz's picture

With each tick of the clock Soros it one step closer to being reunited with his father, Beelzebub.

I am sure it will be a nice warm welcome home son!

Fri, 01/23/2015 - 12:08 | 5696848 Don Diego
Don Diego's picture

That's antisemitic SNB! and by the way, what happened to the account of grandpa Moshe? he told me he had 2 million Swiss francs in an account over there, unfortunately he forgot the number until he died!

Fri, 01/23/2015 - 12:07 | 5696852 Counterpunch
Counterpunch's picture

I got the fucker in my death pool.

I call upon my Druid ancestors, and the spirits of the trees, and all kinds of shit like that - please, strike down this psychopathic, ossified douchebag, that the world may be a better place, and I can take over 5th place.

 

A-men.

Fri, 01/23/2015 - 12:09 | 5696859 Counterpunch
Counterpunch's picture

p.s. George Bush [41], too.  Stop teasing me!

Fri, 01/23/2015 - 12:12 | 5696877 NotApplicable
NotApplicable's picture

Won't matter. There's an infinite number of "Al-Qaeda Number Twos" waiting in the wings.

Nature abhors a vacuum.

Fri, 01/23/2015 - 12:09 | 5696854 falak pema
falak pema's picture

When you have the inside track going from 1 billion to 100 billion is inevitable.

Saxo blow your horn in disagreement. You have not made the cut to enter the club. 

That's Davos for U ! 

Fri, 01/23/2015 - 12:12 | 5696858 Son of Captain Nemo
Son of Captain Nemo's picture

"Close but no cigar" if true....

And I'm sure it is because if he didn't have positions to cover his ass he probably would have suffered a massive stroke or a heart attack!

You really know how to tease and hurt a guy!!!

Fri, 01/23/2015 - 12:10 | 5696864 NotApplicable
NotApplicable's picture

So... SNB's "shot heard 'round the world" is working as a tool to sort out true club members from the wannabe's with conditional, temporary cards.

Neat!

Fri, 01/23/2015 - 12:12 | 5696866 Shitgum Suicide
Shitgum Suicide's picture

Dear God-

Could you please explain why you let this waste of a human being continue to live while a mother takes her newborn baby, dowses it in WD40, sets it on fire and kills it?
http://www.nj.com/south/index.ssf/2015/01/nj_woman_doused_baby_in_wd-40_...

Just trying to understand your logic sir.

Yours truly, one of your children.

PS- when I die and we meet maybe we can have a beer summit and you can explain, amongst other things, WTF!!!

Fri, 01/23/2015 - 12:15 | 5696884 NotApplicable
NotApplicable's picture

I had a really hard time singing that verse, as it doesn't fit the music very well.

Fri, 01/23/2015 - 12:28 | 5696967 Mayer Amschel R...
Mayer Amschel Rothschild's picture

Erosion of faith in God is a tool of ruling elite.  Check your Protocols.

 

Only children, maniacs, and whiney bitches believe in a bearded sky God of Providence.  Don't be one of those.

Fri, 01/23/2015 - 12:39 | 5697011 lakecity55
lakecity55's picture

We must destroy Art.
The Family.
Any move to racial harmony.
We must encourage dependence on govenemnt.
We must destroy the sex roles of the people.

Then Satan, The Iluminatti, will Rule!"

Fri, 01/23/2015 - 12:56 | 5697071 Shitgum Suicide
Shitgum Suicide's picture

.

Fri, 01/23/2015 - 12:53 | 5697074 Shitgum Suicide
Shitgum Suicide's picture

Check your presumptions. It is foolish to presume someone else's belief In God. A bearded guy in the sky is the usual dismissal by those that are
non-believers.

Fri, 01/23/2015 - 15:11 | 5697578 froze25
froze25's picture

I always thought that God was the fat guy in the red suit that had supernatural abilities and brought Chinese manufactured garbage wrapped in shinny paper around Dec 25th to people.

Fri, 01/23/2015 - 12:55 | 5697078 Shitgum Suicide
Shitgum Suicide's picture

.

Fri, 01/23/2015 - 12:36 | 5697004 lakecity55
lakecity55's picture

"She was a former Sex Slave of George Soros."

Fri, 01/23/2015 - 12:10 | 5696867 Dr.Engineer
Dr.Engineer's picture

I pray frequently that Soros would either convert into a human being who is pro-human or die an immediate death in agony.  I would ask that you would join me.

This guy has ruined so many lives there must be a very special place for him in hell.

Burn baby burn.

Oh, sorry.  Perhaps I'm being too transparent.

Fri, 01/23/2015 - 12:11 | 5696869 crzyhun
crzyhun's picture

Schwartz Gyuri is a clever macher!!

Fri, 01/23/2015 - 12:14 | 5696888 10mm
10mm's picture

When will this translucent prick die. 

Fri, 01/23/2015 - 12:18 | 5696905 FreeShitter
FreeShitter's picture

Transhumanism..

Fri, 01/23/2015 - 12:19 | 5696903 Evil Franklin
Evil Franklin's picture

How many bankers have died over the last 24 months?  I figure the Swiss bankers wanted to keep on living.

Fri, 01/23/2015 - 12:19 | 5696910 vegas
vegas's picture

Convicted insider trading felon; the definition of "Crony Capitalist"; and of course the "inside job" of being Long DMarks - Short GBP in 1992 which made him 6 Large. No doubt in my mind he was told to "get out" - just don't get short EURCHF and embarrass the hell out of us." Without inside information this guy is nothing.

 

www.traderzoo.mobi

Fri, 01/23/2015 - 12:20 | 5696914 PrayingMantis
PrayingMantis's picture

 

 

... I heard rumours CNN wanted to pay $1M for György Schwartz's* funeral video when Reuter's accidentally published his obituary ... :)

 

          ... *George Soros; Hungarian: Soros György; born August 12, 1930, as Schwartz György (source:wiki)

Fri, 01/23/2015 - 12:25 | 5696944 Counterpunch
Counterpunch's picture

apropos of little, Netanyahu's original family name was Mileikowsky.

 

They Hebraicized it to make it seem like his family hadn't lived in Europe for a thousand years before deciding that some Muslims and Christians were occupying their "homeland."

 

Then there's John Fucking Kerry....

Fri, 01/23/2015 - 12:36 | 5696995 lakecity55
lakecity55's picture

"So, you're the Head of SPECTRE, George."
"I AM SPECTRE, Mr. Bond. And my Gators are Hungary."

Fri, 01/23/2015 - 12:21 | 5696917 pocomotion
pocomotion's picture

I know Martha Stewart, and he's no Martha Stewart!

Fri, 01/23/2015 - 12:21 | 5696919 SoDamnMad
SoDamnMad's picture

  I was wondering who made out like bandits on the Swiss move since all we heard about was broker pain.   I heard UBS "got lucky".  Can anyone confirm if they heard how much UB made?  Nothing lie inside information to make up for all those US fines.

Fri, 01/23/2015 - 12:21 | 5696926 Counterpunch
Fri, 01/23/2015 - 12:50 | 5697061 dexter_morgan
dexter_morgan's picture

Hmm....those Zionists are just sooooooooooo smart, eh?

Fri, 01/23/2015 - 12:21 | 5696928 Shitgum Suicide
Shitgum Suicide's picture

Don't be sorry Doc. Personally the only way in hell that I would ever accept this human sack of shits conversion is if he gave up all his money, knocked on every door in the world and begged forgiveness for a 1000 years worth of theft, rape and murder.
Then and only then would I consider his change of heart. Well, that and letting us bury him up to his neck, paint his head like a soccer ball and invite a bunch of brazilians to come over.

Forgiveness. It's a bitch

Fri, 01/23/2015 - 12:25 | 5696953 Calmyourself
Calmyourself's picture

How much 14 year old blood does it take to keep this asshat alive?  You know he is transfusing weekly to keep that corpse animated..

Fri, 01/23/2015 - 12:27 | 5696964 irongator
irongator's picture

Gee, I wonder how he knew to pull he plug beforehand... He must just be really smart, that's all.

Fri, 01/23/2015 - 12:30 | 5696971 Counterpunch
Counterpunch's picture

DEath is too good for Soros.  I think he ought to be trapped in one of those space mirrors from Superman. 

 

Then just leave him somewhere in Newark.

Fri, 01/23/2015 - 12:44 | 5697027 AwkwardReader
AwkwardReader's picture

Counterpunch, that comment mad me laugh so hard.!

Fri, 01/23/2015 - 15:31 | 5697643 NotApplicable
NotApplicable's picture

I snerted.

I prefer the Futurama "head in a jar" though. People can escape from that Superman glass, and well, we just can't take that risk.

Fri, 01/23/2015 - 12:30 | 5696972 Inthemix96
Inthemix96's picture

Is this disgusting, degenerate, filth of the worst humanity can produce taking part in the ritual, midnight child sacrificing and child rape that apparently happens after the witching hour at Davos? 

These fucking poxes on the face of humanity never seem to just fuck off and die do they?  Just like the bastards of the royal families of Europe, not to mention the politicians who just seem to last for ever eh?

This fucking piece of shit though must rate in the top ten of the most vile, most insidious, most depraved cunts that have ever walked this Dog given earth.  In fact this twat must rate just behind that grinning fucking idiot war criminal B.Liar.

Dont worry Soros, all those children that were given in need of your vital organs are waiting to welcome you to hades, where they can repay you for a fucking eternity you piece of fucking shit.

Soros, one of humanities greatest mistakes, and possibly, the second worst 'Human' who ever walked this earth, a right fucking Cunt.

;-)

Fri, 01/23/2015 - 12:49 | 5697050 dexter_morgan
dexter_morgan's picture

So....I'm guessing you don't care for this Soros guy?

Fri, 01/23/2015 - 12:52 | 5697066 Inthemix96
Inthemix96's picture

What in Dogs name gave you that impression Dexter?

He might just be like any old doddering 106 year old grandad for all I know.

If you know what I mean like.

;-)

Fri, 01/23/2015 - 12:59 | 5697097 Bay of Pigs
Bay of Pigs's picture

You made my day with that rant.

Happy Aloha Friday bro...

Fri, 01/23/2015 - 13:19 | 5697161 Inthemix96
Inthemix96's picture

Any time Bay my friend, any time,

A love a good hour on the web and here on ZH calling cunts, Cunts.

It passes a bit of time...  Take care mate.

:-)

Fri, 01/23/2015 - 12:34 | 5696987 Max Steel
Max Steel's picture

KILL THAT MOTHER FUCKER SNB !

Fri, 01/23/2015 - 12:41 | 5697019 xavi1951
xavi1951's picture

Wow!  Seems as though almost everyone dislikes the guy.  A lot of comments about his looks but not much about his 'investment timing'.

I doubt he cares what everyone thinks about his looks.  What might happen if enough people focus on how he trades?  Okay, nothing....

Fri, 01/23/2015 - 16:30 | 5697823 altheatoldme
altheatoldme's picture

Good Point, Xavi1951. its much easier to make fun of how someone looks(like schoolchildren do).

but then this is Zerohedge, the worldwide home of conspiracy theorists and paranoids.

 

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