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Found 2 results

  1. God bless the patriot who let this cat out of the bag ... https://www.bloomberg.com/news/articles/2017-01-26/dutch-regulator-accidentally-posted-soros-s-short-positions Dutch Regulator Accidentally Posts Soros’s Short Positions by Ellen Proper and Colin McClelland January 26, 2017, 2:18 AM EST January 26, 2017, 8:12 AM EST Bets against stocks were revealed briefly on AFM’s website ‘Human error’ blamed for publication of positions back to 2012 George Soros Some of hedge fund billionaire George Soros’s short positions dating back to 2012 were published on the Dutch financial market regulator’s website this week due to “human error,” according to the regulator AFM. The short positions, bets on a stock declining, were “between 0.2 percent and 0.5 percent,” of shares outstanding in the companies shorted, AFM spokesman Ward Snijders said by phone on Thursday. The Dutch regulator publishes shorts of 0.5 percent or higher on its website on a daily basis. The smaller amounts were posted by mistake, he said. The Financial Times earlier reported that some of the positions, including bets against Dutch banks, including ING Groep NV, appeared briefly on the website on Tuesday evening. ING declined to comment on Thursday. Soros, whose fortune is estimated at $25.2 billion by the Bloomberg Billionaires Index, is in the same league as Warren Buffett when it comes to investors copying their trades as they try to ride the coattails of the super successful. Short positions, which are typically closely guarded, in Deutsche Bank AG jumped when it was revealed in June that Soros had bet that the stock would fall after the U.K. voted to leave the European Union. The German bank fell 14 percent on the first day after the ballot. Trump Loss The Dutch regulator’s spokesman couldn’t disclose whether there has been contact with Soros following Tuesday’s error. A spokesman for Soros didn’t respond to an e-mail seeking comment. The 86-year-old investor lost about $1 billion by betting against the market after the election of U.S. President Donald Trump, according to the Wall Street Journal this month. The hiring of a chief investment officer may reduce Soros’s role, the paper reported. Soros has managed as much as $30 billion as founder and chairman at New York-based Soros Fund Management LLC. Currency bets on the pound in 1992, the Thai baht five years later and the yen in 2012-13 helped Soros attain a fortune ranked 26th globally by Bloomberg. He’s donated $8 billion to charities since founding the pro-democracy Open Society Foundations in 1979. Regulators have pushed for more transparency around short positions. The European Union imposed rules in 2012 on short bets against some securities in the political bloc to reduce the risk of destabilizing sovereign-debt markets. The U.K.’s Financial Services Authority introduced a regulation in June 2008 requiring disclosure of short positions of more than 0.25 percent for companies that are selling new shares in rights offerings.
  2. Dem's new agenda hauntingly similar to communism By Aaron Klein New York City Mayor Bill de Blasio Last week, New York City Mayor Bill de Blasio unveiled a 13-point national “Progressive Agenda” that is being touted as the liberal “Contract with America.” The aim is for the “Progressive Agenda” to become the basis for the Democratic Party’s main economic policies, including those of its 2016 presidential candidate. De Blasio has compared his plan to the “Contract with America,” a document released by the Republican Party during the 1994 congressional election and drawn up by future House Speaker Newt Gingrich to serve as the GOP policy agenda. Now WND documents that most of the 13 points in de Blasio’s “Progressive Agenda” can also be found in the manifestos and literature of the Communist Party USA and the Socialist Party USA. The full progressive plan, entitled, “The Progressive Agenda to Combat Income Inequality,” can be found on the agenda’s new website. Here is a comparison of the Agenda’s plan with literature from the manifestos and writings of the Community Party USA, or CPUSA, and the Socialist Party USA, or SPUSA. • Progressive Agenda: “Raise the federal minimum wage, so that it reaches $15/hour, while indexing it to inflation.” SPUSA: “We call for a minimum wage of $15 per hour, indexed to the cost of living.” CPUSA: Calls for “struggles for peace, equality for the racially and nationally oppressed, equality for women job creation programs, increased minimum wage. … Even with ultra-right control of the Federal government, peoples legislative victories, such as increasing the minimum wage, can be won on an issue-by-issue basis locally, statewide, and even nationally.” • Progressive Agenda: “Reform the National Labor Relations Act, to enhance workers’ right to organize and rebuild the middle class.” SPUSA: “The Socialist Party stands for the right of all workers to organize, for worker control of industry through the democratic organization of the workplace.” CPUSA: “One of the most crucial ways of increasing the strength and unity of the working class as a whole is organizing the unorganized. Working-class unity depends on uniting all the diverse sectors of the multiracial, multinational working class in the U.S. … Speeding up the organization of unorganized workers is one of the most important challenges to labor and all progressive forces.” • Progressive Agenda: “Pass comprehensive immigration reform to grow the economy and protect against exploitation of low-wage workers.” SPUSA: “We defend the rights of all immigrants to education, health care, and full civil and legal rights and call for an unconditional amnesty program for all undocumented people. We oppose the imposition of any fees on those receiving amnesty. We call for full citizenship rights upon demonstrating residency for six months.” CPUSA: Declares the “struggle for immigrant rights is a key component of the struggle for working class unity in our country today.” • Progressive Agenda: Pass national paid sick leave. Pass national paid family leave. CPUSA: In October 2014, hails that “women are fighting back to defend their jobs and their families against candidates who want to destroy women’s reproductive rights, health care, family leave and paid sick days. Women’s voices and votes can make the difference in this election in the U.S. Senate and House, for Governors and State Legislatures, and in the movement going forward for full equality.” • Progressive Agenda: “Make Pre-K, after-school programs and childcare universal.” SPUSA: “We support public child care starting from infancy, and public education starting at age three, with caregivers and teachers of young children receiving training, wages, and benefits comparable to that of teachers at every other level of the educational system.” • Progressive Agenda: “Earned Income Tax Credit.” “Implement the ‘Buffett Rule’ so millionaires pay their fair share.” SPUSA: “We call for a steeply graduated income tax and a steeply graduated estate tax. …” CPUSA: “No taxes for workers and low and middle income people; progressive taxation of the wealthy and private corporations. …” Dems hail ‘beginning of revolution’ De Blasio criticized Obama as “too conservative” to assert a progressive economic vision and “too afraid to take the bold kind of action that President Roosevelt took” during the Great Depression, reported the liberal news network. Speaking at the “Progressive Agenda” launch event outside the Capitol building last Tuesday, de Blasio said “something is changing in America.” “It’s time to take that energy and crystallize it into an agenda that will make a difference,” he said. “We’ll be calling on leaders and candidates to address these issues, to stiffen their backbones, to be clear and to champion these progressive policies.” The Hill quoted Rep. Charles Rangel, D-N.Y., saying de Blasio’s plan “could be the beginning of a revolution.” Rep. Mark Pocan, D-Wis., commented the mayor’s plan represents “the meat on the bones of a progressive agenda.” Rep. Yvette Clarke, D-N.Y., said, “The cavalry has arrived.” The Hill reported that at the event, some Democrats pushed back against rumors de Blasio was attempting to use the plan to nudge presidential candidate Hillarious Clinton further to the left. “There’s gossip in Washington that this is about trying to move a certain candidate in a certain direction,” said former Democratic Vermont Gov. Howard Dean. “If you look at that candidate’s record, you’ll find that she’s embraced a lot of this already.” Last week’s de Blasio event was reportedly attended not only by politicians but also by union leaders and MSNBC host Al Sharpton. The Atlantic reported the coalition supporting de Blasio’s plan includes Dan Cantor, executive director of the Working Families Party. Cantor also was a founder of the socialist-oriented New Party. De Blasio once served as executive director of the New York branch of the New Party. WND previously exposed that President Obama himself was listed in New Party literature as a member. Soros economist behind Dem’s new ‘Contract with America’ As WND reported last week, a plan drawn up by a George Soros-funded professor seeking to “rewrite” the rules of the U.S. economy forms the foundation of de Blasio’s new progressive agenda. De Blasio’s “Progressive Agenda” was informed by a 112-page policy report at the liberal Roosevelt Institute titled “Rewriting the Rules of the American Economy,” reported MSNBC’s Alex Seitz-Wald. That 112-page plan was crafted by Nobel prize-winning Columbia University economist Joseph Stiglitz, who previously conducted teach-ins at Occupy Wall Street. Indeed, prior to last Tuesday’s launch of the “Progressive Agenda,” de Blasio attended an economic forum at the Roosevelt Institute co-hosted by Stiglitz, where he heaped praised on the economist’s “rewriting” plan. Besides accepting funding from Soros, Stiglitz has engaged in numerous projects with the controversial billionaire and sits on the boards of Soros’ organizations, including one openly seeking to remake the world’s economy. Stiglitz is a leading proponent of more government regulation of the economy. He previously chaired the Commission on Global Financial Issues of Socialists International, the world’s largest socialist organization. Stiglitz, the brains behind de Blasio’s new plan, has been an economic adviser to Obama, but he also criticized the president’s bank-rescue plan. Stiglitz said whoever designed that plan is “either in the pocket of the banks or they’re incompetent.” Stiglitz won his Nobel for research on what became the theory of information asymmetry, which argues for more government intervention in failing economies than the traditional “market failure” school had previously advocated. He has stated that “the real debate today is about finding the right balance between the market and government.” “Both are needed. They can each complement each other. This balance will differ from time to time and place to place,” he has said. Gavin Wright, chairman of Stanford’s economics department, summarized Stiglitz’s work. “Broadly speaking, Joe’s theoretical work has had to do with the shortcomings and imperfections of market economy, not from the standpoint of a thorough-going rejection of the market economy but from the perspective that holds out hope for improvement through government regulation or use of the tax system,” Wright said. Government, business as ‘partners’ Stiglitz was a member of President Bill Clinton’s administration, serving both in Clinton’s cabinet and as chairman of the White House Council of Economic Advisers. Stiglitz’s most important contribution during his time in the Clinton administration was helping to define a new economic philosophy called a “third way,” which called for business and government to join hands as “partners,” while recognizing government intervention could not always correct the limitations of markets. “Third Way” is an ideology first promoted as an alternative to free markets by Mikhail Gorbachev after the collapse of the Soviet Union. The “Third Way” of governing would be neither capitalist nor communist, but something in between. In his 1998 “State of the Union” address, President Clinton outlined the “Third Way”: “We have moved past the sterile debate between those who say government is the enemy and those who say government is the answer. My fellow Americans, we have found a Third Way.” The “Third Way” calls for business and government to join hands as “partners.” Discover the Networks criticized the theory: “In short, Big Business would own the economy (as under capitalism), while Big Government would run it (as under socialism). Corporations would be persuaded to comply with government directives through subsidies, tax breaks, customized legislation, and other special privileges.” Soros himself has been a vocal proponent of the “Third Way” economic policy. Stiglitz, meanwhile, also became involved in “global warming” issues, including serving on the Intergovernmental Panel on Climate Change, helping to draft a new law for toxic wastes and serving on the boards of numerous environmental groups, such as the Alliance for Climate Protection. There's more... read it here: http://www.wnd.com/2015/05/dems-new-agenda-hauntingly-similar-to-communism/#zLZpRC1Y6JFbdba9.99
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