This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Editor’s Comment: The elite have demonstrated again and again that the system is orchestrated and completely rigged. Again and again, they have manipulated up and down both sides of the bubble to lure people inside the system, only to take them for everything that they’ve got. In the end, it’s all ebb and flow, and the federal reserve, a tidal force, has already repositioned all the assets on the shores of those who hold the upper hand, who work the system, and navigate the designed system.
Is there really a great collapse coming, and a more permanent shift to Americans and westerners becoming more like serfs? Who will hold the power to be secure or prosperous without the aid of the system, and without its watchful gaze? What indeed does George Soros – and a handful of his peers – know about what is coming that the rest of us don’t?
George Soros Is Preparing For Economic Collapse – Does He Know Something That You Don’t?
by Michael Snyder
Why is George Soros selling stocks, buying gold and making “a series of big, bearish investments”? If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money. But if a major financial crisis is imminent, he stands to make obscene returns. So does George Soros know something that the rest of us do not? Could it be possible that he has spent too much time reading websites such as The Economic Collapse Blog? What are we to make of all of this?
The recent trading moves that Soros has made are so big and so bearish that they have even gotten the attention of the Wall Street Journal…
Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.
Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.
Hmmm – it sounds suspiciously like George Soros and Michael Snyder are on the exact same page as far as what is about to happen to the global economy.
You know that it is very late in the game when that starts happening…
One thing that George Soros is particularly concerned about that I haven’t been talking a lot about yet is the upcoming Brexit vote. If the United Kingdom leaves the EU (and hopefully they will), the short-term consequences for the European economy could potentially be absolutely catastrophic…
Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.
“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said.
The Brexit vote will be held two weeks from today on June 23rd, and we shall be watching to see what happens.
But Soros is not just concerned about a potential Brexit. The economic slowdown in China also has him very worried, and so he has directed his firm to make extremely bearish wagers.
According to the Wall Street Journal, the last time Soros made these kinds of bearish moves was back in 2007, and it resulted in more than a billion dollars of gains for his company.
Of course Soros is not alone in his bearish outlook. In fact, Goldman Sachs has just warned that “there may be significant risk to the downside for the market”…
Goldman Sachs is getting nervous about stocks.
In a note to clients, equity strategist Christian Mueller-Glissmann outlined the firm’s fears that there may be significant risk to the downside for the market.
Ultimately, George Soros and Goldman Sachs are looking at the same economic data that I share with my readers on a daily basis.
As I have been documenting for months, almost every single economic indicator that you can possibly think of says that we are heading into a recession.
For instance, just today I was sent a piece by Mike Shedlock that showed that federal and state tax receipts are really slowing down just like they did just prior to the last two recessions…
US federal personal tax receipts receipts are falling fast. So is the Evercore ISI State Tax Survey.
The last two times the survey plunged this much, the US was already in recession.
Is it different this time?
And online job postings on LinkedIn have now been falling precipitously since February after 73 months in a row of growth…
After 73 consecutive months of year-over-year growth, online jobs postings have been in decline since February. May was by far the worst month since January 2009, down 285k from April and down 552k from a year ago.
Last week, the government issued the worst jobs report in nearly six years, and the energy industry continues to bleed good paying middle class jobs at a staggering rate. The following comes from oilprice.com…
That may seem counterintuitive in an industry that has been rapidly shedding workers, with more than 350,000 people laid off in the oil and gas industry worldwide.
Texas is one place feeling the pain. Around 99,000 direct and indirect jobs in the Lone Star state have been eliminated since prices collapsed two years ago, or about one third of the entire industry. In April alone there were about 6,300 people in oil and gas and supporting services that were handed pink slips. Employment in Texas’ oil sector is close to levels not seen since the aftermath of the financial crisis in 2009. “We’re still losing big chunks of jobs with each passing month,” Karr Ingham, an Amarillo-based economist, told The Houston Chronicle.
At this point it is so obvious that we have entered a new economic downturn that I don’t know how anyone can possibly deny it any longer.
Unfortunately, the reality of what is happening has not sunk in with the general population yet.
Just like 2008, people are feverishly racking up huge credit card balances even though we stand on the precipice of a major financial crisis…
American taxpayers are quick to criticize the federal government for its ever-increasing national debt, but a new study released Wednesday found taxpayers are also saddled with debt, and are likely to end 2016 with a record high $1 trillion in outstanding balances.
Wallethub, a site that recommends credit cards based on consumers’ needs, said that will be the highest amount of credit card debt on record, surpassing even the years during and before the Great Recession. The site said the record high was in 2008, when people owed $984.2 billion on their credit cards.
Will we ever learn?
This has got to be one of the worst possible times to be going into credit card debt.
Sadly, the “dumb money” will continue to act dumb and the “smart money” (such as George Soros) will continue to quietly position themselves to take advantage of the crisis that is already starting to unfold.
We can’t change what is happening to the economy, but we do have control over the choices that we make.
So I urge you to please make your choices wisely.
*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].
If he was my uncle id give a shit and if my aunt had balls would she be my uncle
Seriously we all know whats up whats going on and whats a comming our way so unless you currently have millions of bucks to covet let alone billions i say buy more ammo asap
This all gets very confusing for a country boy, how do we have 73 months in a row of growth, and still have 50 million Americans on some kind of government assistance. 73 months of growth, does that mean Obama is doing good? And also, I’m having a hard time bringing myself to mourn this latest tragedy. Trekker Out.
I think he is getting ready to flee the USA… He is in Trouble , he knows it…
Where Soros and his ilk lay their head doesn’t matter to them nor does it in any way limit their power. They don’t recognize the sovereign nation as its all one big playground to them.
Trouble? His room furnishings in just one of his homes are worth more than our combined net worth.
This statement in the article: Hmmm – it sounds suspiciously like George Soros and Michael Snyder are on the exact same page as far as what is about to happen to the global economy.
Yes, that’s because they are Both Jews and get the Inside Dope of what’s going to happen from their Domestic Terrorist Synagogues, located here in the US. Beware of the Wolves in Sheep’s Clothing. They are from the same cloth. And sure don’t believe everything they tell you. Remember WhoWTFKnows, what’s going on.
If you knew anything about Michael Snyder, you would know he is a devout Christian
I can’t wait for the start of “hedge-fund managers hunting season”. No limit btw.
Love that! I can’t stand to see these paper pushing bastards making millions and contribute absolutely nothing to society. Scumbag bottom feeders. Look at madoff. Lounging around in a country club prison. Fucker shoulda been hung. We need maybe sometime of a point system? I don’t know how it would work. Any suggestions?
At least Soros knows the difference between ten days and two weeks (13th-23rd).
Snyder’s new book, that debunks the “pre-trib” rapture theory is awesome. Read it and weep all you pre-tribbers.
Soros’ net worth at 25 billion, so why does anything he does really make a shit to fanner’s?
PASSIN ,i think it matters what Soros does and thinks.
The cheap assbag still counts nickels just like i do , i dont think having billions has jaded him to the value of money, no matter how small. He is a squeaker , so he remains relevant .
My neighbor farms hundreds of acres , i farm tens of acres.
Our profit margins are still the same .
Get it ?
No, he or his billions mean nothing, absolutely nothing to me.
Unless I’m in his will.
Good point. But, the only two wills I am in, are pretty scarce pickings, so I guess i will continue to plan on dying poor in wealth of the world, but rich in biblical truths.
H.H. Some people have never owned a business!
Soros billions mean something to all of us ,what does he do with that $$
Ukraine ring a bell!
Pass that was directed to you
Still waiting on Snyder’s economic collapse prediction to come true, absolutely positively before the end of last year. Well it’s June, and he’s still making bank on his false predictions and now books. There’s one born every minute.
I have yet to see or read where Snyder made a definitive prediction for the coming economic collapse. He has stated many if’s and maybe’s as well as compared similar events of the past.
In fact he just clarified the other day that he has always maintained the position that it will be a collapse over a period of years, and teotwawki will most likely be a ways off.
I don’t always agree, but I do read; and on the pre-trib, he is directly in line with the Holy Word.
But, i doubt you would have any clue as to what that is, since you are quick to judge and criticize.
Watch out for those suckers, cause it takes one to know one.
Just read his E.C. Blog for September of last year. He stated it would collapse before the end of 2015. Now he is also in the earthquake prediction business. Haha, but believe what you want to.
Well said high dry. Snyder has been wrong numerous times and right a few. He does like selling books and making money off the unsophisticated investor.
Destroying our economy is all about the ultra rich . Buying your 150,000 dollar house for 100 bucks . Because your desperate and have no money to feed your children. And if you try to hold out . You will either go to prison on false charges . Or just disappear. With these space based lazer weapons . We have to wait for the second coming . To win against the children of satan?
I saw a college study on the amount the Rothchilds have accumulated. 500 trillion. My ruff calculations and Mabey I’m wrong were that amounts to 35,000 dollars for every man woman and child on this planet. And they are just one rich family . Add up all the rest and see if it’s nesesary for them to have that much to survive. I’m not talking about confiscating anyone’s money . But dam they can sit and watch so many suffer have the means to at least create jobs .or start a fing soup kitchen under thieir name. Do you see any Rothchilds soup kitchens? O they give a lot to charities . Show me? You rich people put your names on it . Or don’t . And be considered by most a greedy rich rats. Maybe they are all raceing to see who will be the first new world order king of the world. Or thieir statist in their world depends on their net worth. Maybe some day one person will own everything and everyone else on the planet will be living under tarps . If their lucky.
There are some books that are credible enough, to follow the Rothschild blood linage all the way back to the tribe of Judah.
No, they were not of the tribe of Judah, but they claimed to be of Judah, but were of the synagogue of Satan…aka the “money changers”.
500 trillion? Is that with a t? Nobody needs that much money. I don’t care what u can do. U right on. Help people then. Bill gates always wants to help the chimps. I’ve helped a lot of people in my day. Some appreciated it and some jammed it up my ass. And I’m no millionaire. U rich sobs could start some factories or something ? And bring back the jobs u bastards sent overseas.
Why is George Soros hoarding gold and cash? Because he thinks he can take it with him!!!!
1 Timothy 6:7
For we brought nothing into the world, and neither can we carry anything out of it.
Eh,with all the insanity going on,well….,buy more ammo!You think you have enuff,well,have even more the enuff.You think you have too much,in trying times a trusted friend/family member on a tight budget could probably use some,the more armed and loaded you trust,the better,so,buy more ammo.
More ammo than you can carry with you is useless if you have to evacuate your location (a highly likely situation for most of us may have to face).
In fact, it can be a hindrance since it may end up tying you down to where you are when you should be unassing the area and getting yourself somewhere else.
Try to draw a balance, you’ll need food much more than ammo in most situations and you’ll need to carry more food than ammo with you if you need to move out in a hurry.
I spent two tours in VietNam (as a truck driver, not an infantryman) and probably shot a total of around 200 rounds. There was a war going on there at the time for those of you too young to remember.
Anon,first off,some folks have caches at friends places or places they may bug to,thus,more ammo(oh,and some mags obviously).Second,some in a financial spot to help friends doing less well also requires more ammo.Third,folks may also be picking up more shooting time,working on skills and honing them down.
So,with all that,buy more ammo!
Anon— to much ammo????
Bury it hide it burn at last resort
To much ammo hmmm
SNYDER again? HO HUM, I’m going back to sleep.
Yea, he is back and so am i, braveheart.
The difference being, I was banned from here but he was not.
I won’t be around very often, or maybe not at all, after my posts today.
I just wanted to yank a few chains, and say hello to some old friends such as yourself. I was amazed that my IP address was allowed through. It seems as though nothing has changed here and I have a new home with new friends that are not so critical and pc with christians.
Wishing you and eppe well, and of course Archivist too.
Banned/I have never heard of that here,some folks do just disappear but figure they have more things on their plate then here.
Side note,plenty of ways if ya’s want to to beat ip id for free.
Mac had warned a while back that he had the capacity of blocking IP addresses, and then it happened, so I guess it was a blessing in disguise, since I am much happier, and many here are glad to see the passin posts disappear.
No problem, i had a good run for about seven years or so, and it was time to move on. I hope to see my Christian brothers and sisters in the eternity, that I met here.
Ya’ll be good and have fun.
Amen my brother, great to see ya on the green side of earth.
May you do well in whatever you do…
Thanks brother, and keep the home fires burning.
Jebus, all the Nuts falling from the tree at once.
It’s a good ole brothers club, wwti…and you ain’t in it.
Your club consists of idolators and foreign freaks.
Passin, good to see you. Where’s this ‘new home’? I’ll have to check it out.
George Soros and the Rothschilds are criminals of the worst sort. Like drug cartel leaders in Mexico or Colombia, they have the money to commit murder with impunity. They have power but they are still scumbags. If the people they exploit could, they would tear them apart limb by limb. These pukes know this. They are powerful but not omnipotent. My guess, deep down, he is scared to death. His hate is a Cancer. He is pathetic.
The reason it matters to some on here is Soros has had a record of making money off of Economic down turns. It is wise to watch what the rich do at this time. Never take financial advice from a poor man.
Soros just seems to be around the edges when bad things happen.
He is the “edges”
Mike in VA, He (Soros) didn’t make money off the Economic down turns, rather he made money by destroying countries and people. I can’t recall the name but there is a country that they’ll put him in jail if they catch the SOB. While I believe God gives and takes lives but with sub humans like Soros and Rothschilds it should be a God given right just like self defense to take their lives. If I ever get such opportunity I won’t hesitate and will ask for forgiveness from the alight later.
Rapists should be hanged and shot on spot and the above parasites are even lower than a rapist and a child molester.
Exactly Stolz, Soros is a Wanted Global Terrorist. We need to inform the uninformed all about this POS Soros, and who Michael Snyder Idolizes. You know how shill plants, promote their own shill tribe, to glorify them in a positive light.
~WWTI… Wise up Ya’ll.
Mike from VA:
“Never take financial advice from a poor man.”
There is wisdom in your statement. There is wisdom in the statement: “Never say never”.
Not all rich people are rich because of their financial acumen. And not all poor people are poor because of the lack of it.
Soros, from what I have read, is a front for the Rothschilds. So, yes, they definitely know more than the rest of us. But, if you recall, Rothschild invented market manipulation. Always suspect the possibility. Risk no more than you can afford to lose. The market is just glorified gambling unless you are an insider. Insider trading is technically illegal so poor people can be stopped. But for rich people, it’s just business. IMHO.
What good doth it do a man to gain the world….
if he loses his soul in the process? absolutely nuthin’.
Everyone, it has begun. Over at The Daily Sheeple, Obola and the Hildebeast are calling for the Ar-15 to be banned. Obola and Hildebeast can go f#$% themselves.
With an AR-15.
Ban the AR,one of the countries most popular rifles,hmmm….Well,at least we have the M-4/M-16 to fall back on!
I actually in a way want em to try and start taking peoples guns,we really need to see who lines up with who and get this insanity rolling.I would rather it would never happen but the fucks do not seem willing to leave the people alone,fine,accept their declaration of war with regret,but hope they know this will be for keeps and very ugly.
On a side note,while they will ban the AR due to a lunatics actions can we also ban all muslims,just seem to make sense in their way of thinking.
Warchild, in the case of gun grabbing, they try it at their own peril. I’m not giving up shit.
I like Ted Nugent’s comment to Obama. “Suck on my Machine Gun”
~WWTI… The AR- stands for “America’s Rifle”
Soros is selling stocks to make the price go down so he can buy more later. He’s buying gold to make the price go up so he sell it later. There’s no secret motive. He’s wealthy enough that he can move the markets with his actions and take advantage of it.
Buy more ammo. Definetly.
Soros thinks something is up and makes his move to profit from it. We think something is up and prep to survive it.
I don’t want my life to be about Soros, Rockefeller and their ilk. They are rich because the manipulate and control at a high level. I have more respect for regular folks who take care of their families and lead decent lives. For an average person to do well in this world is likely a million times harder than for the 0.01 percent who buy laws and politicians and manipulate markets. I like creating self-sufficiency, but their paid running dogs will go after us because they can’t leave us alone.
Rebecca I agree 100 percent. Y these people are so obsessed with making billions is beyond me. They have destroyed the middle class because we were getting too much power. What really pisses me off is they try to become good ” philanthropists” and go do projects to help people in other countries. This stock market don’t mean much to most of us because we don’t have millions to invest. Everybody’s retirement or Iras ain’t doing much at all. U can’t even make hardly anything on a cd in the bank. Even a couple hundred thousand only makes about 3/4 of a percent. Retirement savings should not be this dam complicated. I read an article some ware saying we should let more immigrants in because they start more businesses than native born Americans. Well hell yes our govt gives all kinda tax breaks to foreigners starting businesses. Screw the people been here a while. My wife had a girl in her nursing class from the Middle East and she was bragging the us govt was paying her tuition. Meanwhile I had to raid my pension and get loans from those parasites sallie Mae that you can never seem to pay off. Charity begins at home. Stop foreign aid especially to countries that hate us and tell us we r the great Satan. I absolutely despise our crooked govt.
Because he’s a million years old?
Look if you’re gonna die… why not make the huge high risk plays? I’m sure if he loses he’ll still have enough to kick back in comfort and croak peacefully. If he wins his inheritors are Masters of the Universe. But in the end it’s all the same to him as he looks like he’s gonna kick off within 10 years.