Billionaire George Soros has recently sold more than a million shares of major financial companies including JP Morgan, Goldman Sachs, and Citigroup, valued at 50 million dollars. While George Soros is well known for his donations to foundations that often undermine the American way, one has to take notice when a powerful insider takes such drastic financial action.
What has he done with the money he has withdrawn from the stock market? He has invested it in GOLD. Soros Fund Management has doubled its position in the SPDR Gold Trust (GLD) to nearly 900,000 shares. That’s nearly 150 million dollars. What’s going on? What does he know? Is a major financial collapse eminent?
Back in April of 2011, I wrote an article titled Government Shutdown, a Soros Diversion, Bretton Woods II! in which a George Soros sponsored event, Bretton Woods II economic conference, which took place at the Omni Mount Washington Resort in Bretton Woods, New Hampshire, was outlined with a mission to change the global economy in one event.
Weeks later I highlighted in an article, Bretton Woods II, Results Are IN, that immediately following the conference, Brazil, Russia, India, China, and South Africa (the BRICS) met for a summit, calling for ‘a restructuring of the World War II-era global financial system and an eventual end to the long reign of the U.S. dollar as the world’s reserve currency.‘
Could the implementation of the non-reported Bretton Woods II be on our doorstep? Could a major global financial collapse usher in a new world currency, partially backed by gold? Could this be why Soros and others are falling over themselves for gold? (John Paulson just increased gold holdings to $700 million, central banks buying gold, China amassing gold)
I’m just putting it out there for your consumption that this might be a further indication that something BIG may be about to happen in the financial world.
Be aware and be prepared.