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shawa · CNO Joined: 03 Sep 2004 Posts: 2004

Soros made his fortune in currency speculation!
Is he now manipulating OIL PRICES to hurt Bush???
This man will do ANYTHING to assure a defeat for Bush!

From Clayton Cramer.com:

http://www.claytoncramer.com/weblog/2004_10_17_archive.html#109850047700102858

From Jon Burnham, Burnham Financial Group, October 12, 2004, CNBC-TV, "Closing Bell" 3:00 PM - 5:00 PM ET:
The price of oil is high because it's being pushed up by speculators and money from the big hedge funds. The important thing that gets lost in all that is that there is no shortage of crude oil in relation to current demand.
And from Adel al-Jubeir, Advisor to the Saudi Crown Prince September 28, 2004 at about 1:40 PM Pacific time, CNBC interview with Maria Bartaromo:
We believe the price of oil should be between $22 and $28 per barrel. $25 is a good reasonable price. There is no extra demand accompanying today's very high price for oil. We are seeing no extra customers lined up and there is no shortage of supply. The high prices we are seeing are due to speculation in the oil markets.
Then we have this interesting item from the New Yorker (of all places):
On August 6th, a week after the Democratic Convention, a clandestine summit meeting took place at the Aspen Institute, in Colorado’s Rocky Mountains. The participants, all Democrats, were sworn to secrecy, and few of them will discuss the event. One thing that is certain, however, is that the guests formed a tableau that not many people would associate with the Democratic Party of the past. Five billionaires joined half a dozen liberal leaders in a lengthy conversation about the future of progressive politics in America. The billionaires were not especially close socially, nor were they in complete agreement about politics or strategy. Yet they shared a common goal: to use their fortunes to engineer the defeat of President George W. Bush in the 2004 election.

Read on about the Quantum Fund.

Remember this: until oil prices started skyrocketing in early summer, the economy seemed to be flying upwards. What would it cost for Soros, Lewis, and some of the other billionaires to manipulate oil markets? It doesn't have to last for long--just long enough to derail the economy into October. You don't need to actually buy hundreds of billions of dollars worth of oil. you can buy and sll oil future delivery contracts for a fraction of the final delivery price.

integritycounts · Rear Admiral Joined: 11 Aug 2004 Posts: 667

msindependent · Posted: Mon Oct 25, 2004 8:27 am Post subject:

Aspengate

I B Squidly · Posted: Mon Oct 25, 2004 8:29 am Post subject:

Late for the election, somewhat problematic for oil and a boon for currency speculators, devaluing the dollar was Reagan's master stroke. It brought Toyota, Mercedes et al to produce here and greatly expanded demand for US goods and FOOD!
Less successful but ameliorative against "Great Society' inflation Nixon sent Big John Connelly to France and told the aquisitive DeGaulle to f**k himself and floated the dollar....down.

JCJR · Lt.Jg. Joined: 24 Aug 2004 Posts: 114

blue9t3 · Admiral Joined: 23 Aug 2004 Posts: 1246 Location: oregon

JCJR,
I agree on economy cycles but if it could be affected on the short term, trust me it would. Even soros's bucks could'nt make a big enough dent, although it would intertaining watching him lose his fortune trying.
Regan 2 I believe was from sound policies, reaping what was sewn. Regan 1 was more like todays scenario, (its about security stupid) poor Mr. Peanut head was a toothless tiger and everyone knew it!
kerry is a two faced wiener dog and people can see it, as this gets played out I think the key/winning issue will be the WOT.
The more kerry the puppet talks, the more people are turned off. Wink

_________________
MOPAR-BUYER

Rurik · Posted: Mon Oct 25, 2004 11:18 pm Post subject:

Maybe its time to invest in a rope factory Twisted Evil

_________________
Hating John Kerry continuously since 1971.

Essayons!
Fight Build and Destroy

shadowy · Posted: Tue Oct 26, 2004 1:09 am Post subject:

Soros is a US citizen, isn't he? I'm sure he wouldn't try to do anything......treasonous. Would currency manipulation to affect the outcome of an election in time of war would be treason? It would at least be worse that what Martha Stewart did, surely.

shawa · CNO Joined: 03 Sep 2004 Posts: 2004

shadowy
Only if Bush wins would there be a Justice Dept. investigation.
Soros has to make Kerry the winner!!

The article goes on:

Now, supposedly the Quantum Fund isn't that powerful anymore. But is it powerful enough? Soros also returned to an active role in the Quantum Fund in 2002--after 9/11, when it became apparent that Soros was going to have to do something to bring down George Bush.

Large scale commodities market manipulation can't continue indefinitely, and you can lose your shirt on this sort of thing--but Soros has already said that he was willing to lose it all to defeat Bush. On the other hand, with a little care, he might actually make money. This article reports:
Soros, the founder of Quantum Endowment Fund, one of the world's largest hedge funds, was dubbed "The Man who broke the Bank of England" for his role in betting heavily that the pound would fall in 1992. As a result, Britain suffered a humiliating exit from Europe's exchange rate mechanism -- the precursor to Europe's 12-nation currency. It was rumored that Soros earned $1 billion in a day with his bet against the British pound.

Of course, I doubt that an oil play like this could be kept secret indefinitely--but certainly, President Kerry's Justice Department isn't going to prosecute George Soros for winning him the election. If we suddenly see oil prices drop down again after the election, I certainly hope the Bush Administration will take a serious look at possible market manipulation. But if Bush loses, there won't be investigation at all.