Report: Soros Claims ‘There is a Mystery Buyer of Euros in the Market’
- Posted on August 25, 2011 at 8:30am by
Becket Adams
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Der Spiegel recently interviewed the master of all currency market speculators: George Soros.
According to the Der Spiegel interview, Soros suggests that the reason the euro continues to outperform the U.S. dollar is because of there is “mysterious buyer” in the market.
The euro has held up surprisingly well despite turmoil in European debt markets. It is up 7.6 percent against the dollar so far this year.
During the interview, the Der Spiegel interviewer posited that the “mysterious buyer” was most likely the intervewee. Although Soros eschewed the notion, it probably would not be unfair to assume that he possesses some small part of arcana regarding the identity of the “mysterious buyer.”
SPIEGEL: As an investor, would you still bet on the euro?
Soros: I certainly would not short the euro because China has an interest in having an alternative to the dollar. You can count on China to back the efforts of the European authorities to maintain the euro.
SPIEGEL: Is that the reason why the euro is still so strong compared to the dollar?
Soros: Yes. There is a mysterious buyer that keeps propping up the euro.
SPIEGEL: And it is not you.
Soros: It is not me (laughs).
Soros has been very vocal in regards to the eurozone debt crisis and has stated as much in several different publications. He has pertinaciously maintained that Europe needs to establish stronger support for eurobonds (international bonds that are denominated in a currency not native to the country where they were issued) and he has sharply criticized Germany (the strongest and most creditworthy country in the erurozone) for not doing enough to back the international bonds.
For the few remaining readers who are not familiar with Mr. Soros, he is the left-leaning philanthropist most famously known for making more than a billion dollars in profit betting against the British pound in 1992, forcing the country to withdraw from the European Exchange Rate Mechanism.
“[S]peculation makes any crisis worse,” Mr. Soros recently admited. However, he has a different definition of “speculator,” and says that it is central banks that are now the biggest speculators in the market, as they are currently the “most important buyers and sellers of currencies.”
“Hedge funds have definitely been supplanted by central banks. Markets expect the authorities to produce a financial system that actually hold together. If there is any hole in that system, speculators will rush through that hole,” he adds.
He would know. After all, this is the same man who “broke the bank of England” and, as many have theorized, made a fortune “speculating” on the credit-downgrading of the U.S.
[Author's note: this article was researched and edited when an earthquake struck the Washington D.C. and Northern Virginia area. I wonder if I'm on to something]
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Comments (103)
P-Daddy
Posted on August 25, 2011 at 1:18pmSuuurrrreee, I believe you Georgie, I know it would NEVER be you betting against the dollar! Puhleaze………..
Report Post »shazam3
Posted on August 25, 2011 at 1:43pmSoros is the puppet master. His monetary disasters for some minor or major currencies has made him a fearsome person of the world. He can dictate what he wants as the rest of the banking concerns are probably pooping their pants for fear he will attack them, therefeor, they will go along. I would say he has the world by the short hairs and they know it. If he gets the US to fail he will monetarily run the world with fear. My question is what will be gained other than showing everybody ” see what I can do?” Who wins? Is this all about energy? Food? Water? If it is what is the gain?, Where will the “elites” go to be safe in all this supposed turmoil. If everybody is fighting over a turnip, where will the taxes come from. New World Order has to be explained to me other than the retoric.
Report Post »pmacres
Posted on August 25, 2011 at 8:17pmi decline to comment about a hick with a foriegn accent and too damn much money!
Report Post »blowback
Posted on August 26, 2011 at 7:40amSoros is an enemy of the United States. He should be dealt with accordingly.
Report Post »avenger
Posted on September 7, 2011 at 7:34pmgeorgie ..where is that foxy babe you threw away…phone no.
Report Post »Natures_God
Posted on August 25, 2011 at 1:13pmLet’s just go to this old jewish ****** house and rob him.
Report Post »Obama wouldn’t mind…..that dude is down with redistributing wealth.
UlyssesP
Posted on August 25, 2011 at 1:50pmYou’re not going to find help here for that. Move On.
Report Post »Elena2010
Posted on August 25, 2011 at 2:18pmDon’t call him a Jew — he is an apostate.
And let’s not tick off the Chinese by messing w/their alternative currency…
They are lairs and cheats.
Report Post »MIBUGNU2
Posted on August 25, 2011 at 6:34pmMay God watch over You, Mr. Soros, Someone has too !!
Report Post »blowback
Posted on August 26, 2011 at 7:51amHe may be an apostate, but he is a Jew, just like Marx, Alinsky, Piven, Ayers, Dohrn, Lippmann, Bernays, Sunstein, Stern, Bernanke, Greenspan, Volcker, Axelrod, Emanuel, Bloom, Orszag, Lew, Summers, Reich, Feinberg, Berwick, Bernsten, Klain, Sutphen, Kagan, Ginsberg, Breyer, Weiner, Grayson, Schumer, Sanders, Frank, Kohl, Feinstein, Boxer, Franken, Waxman, Nadler, Wasserman-Schultz,Cohen, Schakowsky… you know, most of who are bringing down America.
Report Post »Vital
Posted on August 26, 2011 at 5:10pmHmmm you MUST read the book “FULL BLACK”
Report Post »ALL4FREEDOM
Posted on August 25, 2011 at 1:04pmThe dollar is most definitely under attack, and when the US dollar loses it’s status as the world reserve currency, this nation is toast. Interest rates will skyrocket, and the inflation will be unbelievable. The only thing keeping us going right now, that is foiling their plans, is the weakness of the Japanese economy thanks to the earthquake, and the debt crisis in Europe. Note: Italy and Spain are too big to fail, and too big to bail, but they’re going to try, anyway, to “paper over” the problem. They can’t, and we can’t either. Our day of reckoning is coming as well, and Obama’s borrowing will hasten the day. By all means, let China try to bail out the Euro, and let them fail in the attempt. By all means, DO NOT let Obama , the Fed, and the Treasury contribute one thin dime to the IMF in order to bail out the Euro. We’d be cutting our own throat.
Report Post »1TrueOne55
Posted on August 25, 2011 at 3:23pmThat was the Soros plan all along, to get Obama to spend the country into oblivion with Social Justice Programs and when those programs go Bankrupt with the loss of Reserve Status then it will create the chaos that Francis Fox Piven is whining for. Just look at all the other countries that he has done this to. The Chaos does not start until the Social programs fail to feed the poor because the Nations Banks can no longer maintain their Social program’s spending levels and inflation destroys the country.
We are well on that path but we can turn back if we Hope for Change in 2012.
Report Post »Psychosis
Posted on August 25, 2011 at 1:01pmthe reason the euro is beating the dollar is not because someone is buying the euro ……………it is because someone is printing US dollars
Report Post »Gary Fishaholic
Posted on August 25, 2011 at 3:16pmRight!
Report Post »semihardrock
Posted on August 25, 2011 at 12:53pmThe FED will always have more money than YOU Mr Soros! ONLY if THEY decide to TANK the US Economy can it be done and NOT by a “Lone Wolf” such as yourself…..U must know that by now!
Report Post »Sandy
Posted on August 25, 2011 at 1:09pmWho the stock holders of the FED are? Elitist and Aluminati such as Soros and Rothschild. It’s all part of their plan to make themselves more wealthy will breaking the backs of us little people.
Report Post »Bullhorn Guy
Posted on August 25, 2011 at 1:16pmYou really think he is a “lone wolf”? Come on, man, don’t be so naïve. He is just one face of the real power. I promise you there are people he answers to, and you will never know their names. Even when there appear to be conflicting agendas, it is really only the surface of a scheme whose breadth and depth is nearly incomprehensible to us mere mortals. I’m telling you, “we do not wrestle against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this age, against spiritual hosts of wickedness in the heavenly places.”
Report Post »zealot
Posted on August 25, 2011 at 10:31pmIn1914 the Rothschilds created the US Federal Reserve Systym, a Rothschild controlled central banking system for the United States. In 1954 the Rothschilds and Rockefellers co-founded the Bilderberg Group. George Soros is a well known member of this group.
Report Post »Keggs1961
Posted on August 26, 2011 at 9:40amJew boys and the Fed are one in the same! Soros is nothing but a front man. He does exactly what he is told to do!
Report Post »abbygirl1994
Posted on August 25, 2011 at 12:49pmAll the governments this guy has brought down, why isn’t he rotting away in some jail cell… why doesn’t our own governemt investigate this evil man! EIther they are the problem also, or they are afraid of him.. I am so disgusted with our Congress and Senate.. my personal plan is to vote out all the old blood and find some fresh faces who actually love this country.. Anyone who has been in there longer than 8 years needs to go bye bye!
Report Post »Vital
Posted on August 26, 2011 at 5:14pmFresh blood in Washington DC….I agree
Report Post »loveliberty83
Posted on August 25, 2011 at 12:47pmhe is the reason most progressives get elected he is running our country they are all owing to him he is a very nasty human been
Report Post »Bullhorn Guy
Posted on August 25, 2011 at 2:05pmNot a single punctuation mark or capitalized letter in the bunch. And it’s “bean” not “been”. He is a human bean.
You might consider changing your name from “loveliberty83” to “don’tlovetheenglishlanguageorelementaryschoolverymuch83″.
Just a suggestion.
Report Post »CaffeineJunkie
Posted on August 25, 2011 at 2:19pmCoffee comes in BEANS. . . Humans come in BEINGS
Report Post »14ESCHATOLOGY
Posted on August 25, 2011 at 2:37pmThis is like the blind leading the blind….
Report Post »ROFL
soup
Posted on August 25, 2011 at 2:44pmIts not been or bean..it’s human being
Report Post »Bullhorn Guy
Posted on August 25, 2011 at 3:08pmHey, Soup, are you sure about that? Because I‘m pretty sure it’s bean. You know, like kidney bean, lima bean, human bean. Yeah, I‘m pretty sure it’s bean. Trust me on this one…I’ve read a lot of books.
Report Post »spirited
Posted on August 25, 2011 at 8:21pmPeas in a pod… beans grow in them as well.
>bee ing
Report Post »wildbluyonder11
Posted on August 26, 2011 at 1:16pmWow! What an embarrassing display of illiteracy here. Yikes!
Report Post »Bob
Posted on August 25, 2011 at 12:43pmWatch what his other hand is doing. Soros is a liar and a master manipulator.
Report Post »Hoosier
Posted on August 25, 2011 at 12:42pmI’ve made about seven comments. ?????????? ;)
Report Post »Firebrand
Posted on August 25, 2011 at 12:41pmIt’s China.
Report Post »Tejano Elconservador
Posted on August 25, 2011 at 12:40pmIf not Soros, then do not be surprised if it is Obama via either the Federal Reserve directly yet secretly ( look at recent Blooberg disclosures of billions of secret Euro bank bailouts last weekend); or laundered Warren Buffet Bucks via Bank of America. Something does not smell right with Warren Buffet pumping billions into BoA just days after BoA CEO said they did not need more capital ($$$) for operations or reserve for the next year or two!!!!! Hmmm???
Report Post »If Euro fails then US Banks will fail within hours since we did not reinstitute Glass Steagall and now our banks are even BIgger and our Fed Reserve is broker…….
Signs of Depression coming when the huge “moneychangers” start getting desperate???
BV FROM TX
Posted on August 25, 2011 at 9:24pmBOA didn’t need it the last time either, but the FED forced them to take it to keep the other failing banks that needed it from looking bad! Like Glenn says – Get rid of the FED.
Report Post »db321
Posted on August 25, 2011 at 12:36pmIf he says walk – I RUN! Especially if the Lib Media is reporting it.
Report Post »blowback
Posted on August 25, 2011 at 12:24pmSoros is an enemy of the United States. He is far worse, and more harmful, than any al Qaeda operative. He should be treated accordingly.
Report Post »Snowleopard {gallery of cat folks}
Posted on August 25, 2011 at 12:28pmIndeed, Soros sounds like he is getting ready to take down the Euro as he has with so many other national currencies. Watch closely, for he may be able to take it down and the currency of China at the same time.
Report Post »blowback
Posted on August 25, 2011 at 12:38pmSnowleopard, he is on record targeting, seeking to bring down, the United States. He is an enemy, our enemy. And we should treat him accordingly. Europe may have the same claim, but I do not care. Today he is harmful to me and my family, and my government is doing nothing. His destruction, though not as dramatic, is far more extensive than anything al Qaeda has done, or ever could do.
Report Post »SavingtheRepublic.com
Posted on August 25, 2011 at 12:39pm~v~^^~v~^^~v~
I have made that very argument that he should at the least be formally investigated under Article 3 Section 3 of the Constitution. http://www.savingtherepublic.com/Call_To_Action.html
‘mysterious buyer” my A**!! This is Soros’ MO, he has done it to other currencies and oddly its happening again. Oh and what a coincidence stuff like this surfaces after he goes private. He went private to avoid SEC eyes, and b/c he is getting ready to make a kill shot on the Euro or maybe will it be the dollar?!
Report Post »The man is dangerous…
ROMANS 10-9
Posted on August 25, 2011 at 12:10pmElect Michelle Bauchman for President and end all this Obama mess!
Amen?
Report Post »NWalters78
Posted on August 25, 2011 at 12:16pmAmen!
Good Bible verse reference, by the way…..
Report Post »MrKnowItAll
Posted on August 25, 2011 at 12:08pmLess than Zero! That‘s what Soro’s will take to the Grave.
Report Post »db321
Posted on August 25, 2011 at 12:34pmI believe the Bible says that people like this will be tossed into the lake of fire for eternity. This man has the blood of millions on his shoulders – all for Profit.
Report Post »Jenny Lind
Posted on August 25, 2011 at 5:45pmAbsolutely correct, you take nothing with you, except what you have learned and your personal relationship with Christ.
Report Post »TraceyM
Posted on August 25, 2011 at 12:07pmAll that is missing is his golden gun and hairless cat
Report Post »MrKnowItAll
Posted on August 25, 2011 at 12:07pmIf I had Soro’s kind of money, they would find me unkept, with old needles broke off in my body.
Report Post »South Philly Boy
Posted on August 25, 2011 at 11:59amG SoreAss
Report Post »gr8photoman
Posted on August 25, 2011 at 11:58amHe should be deported to Israel and tried as a Nazi collaborator and a war criminal. He is the absolute living embodiment of a James Bond villain. All he needs is a scar and a white Persian.
Report Post »santramir
Posted on August 25, 2011 at 11:40amRestore Courage by concrete positive actions: Stop the Fed !!
Report Post »progressiveslayer
Posted on August 25, 2011 at 11:33amSoros believes he’s God he said so in one of his books,I think he‘s insane and didn’t anyone tell George the so called god is in the white house? At least the msm and the obama zombies think he’s a god.
Report Post »TX_45_ACP
Posted on August 25, 2011 at 11:26amHe may have mutliple personality disorder. Perhaps he didn’t know who he was at the moment.
Report Post »NOBALONEY
Posted on August 25, 2011 at 11:23amLook in the mirror stupid!
Report Post »abbygirl1994
Posted on August 25, 2011 at 12:45pmAhhhhhhhhhhhhhhh you beat me to it…. I thought the same thing.. Good one!!
Report Post »CulperGang
Posted on August 25, 2011 at 11:22amYeah, its him and his buddies the BANKERS …………aka……..Bank of England(Rothchilds).
Bak of America(JpMorgan descendants/Chase……….
Soros would be in jail if he was a street hustling loan shark which in exactly the same as the suits in the board room of the banks…………but justice is not blind. She is a whore of the rich……….so law only applies to the street hustler. 21st century humanity has got to stop this evil cycle and throw of the yoke of the rich and powerful.
Report Post »bigfatslob
Posted on August 25, 2011 at 11:15amSoros can’t keep propping up the Euro, when it crashes, I hope he looses his behind, then maybe he‘ll medal less in our politics when he’s less rich.
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