More economic news as food prices could go up due to the drought in California and some of the other surrounding states. It does not bode well for struggling families as a choke is place on the middle class. George Soros has bet big on a market crash. Does he know something we don’t? There is a possibility that he does as the US keeps the American people in the dark of a depression happening now. Check back for more updates and Thank you for visiting These Christian Times. God Bless..
ZEROHEDGE.COM: A curious finding emerged in the latest 13F by Soros Fund Management, the family office investment vehicle managing the personal wealth of George Soros.
Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion (this excludes netting and margin, and whatever one-time positions Soros may have gotten an SEC exemption to not disclose: for a recent instance of this, see Greenlight Capital’s Micron fiasco, and the subsequent lawsuit of Seeking Alpha which led to the breach of David Einhorn’s holdings confidentiality).
The second one is that the “Soros put”, a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside READ MORE: http://www.zerohedge.com/news/2014-02-17/soros-put-hits-record-billionaires-downside-hedge-rises-154-q4-13-billion
KING WORLD NEWS: With continued chaos and uncertainty in global markets, today KWN is publishing an incredibly powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, is warning that the Fed and the US government are bombarding US citizens with a never-ending parade of lies as the world remains caught in the throes of a severe depression. He also discussed what is happening in the gold market.
Russell: “An hour before the close (on Friday), the Dow was up 120 points, with substantially less volume. This told me that institutions were selling into the rally. The Dow closed slightly off its high. I call this a poor day, accented by institutional selling. Gold had its best day since last August, closing at a new high for the move READ MORE: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/18_Richard_Russell_-_World_In_Depression_As_US_Lies_To_Its_People.html
THE ECONOMIC COLLPASE BLOG: Did you know that the U.S. state that produces the most vegetables is going through the worst drought it has ever experienced and that the size of the total U.S. cattle herd is now the smallest that it has been since 1951? Just the other day, a CBS News article boldly declared that “food prices soar as incomes stand still”, but the truth is that this is only just the beginning. If the drought that has been devastating farmers and ranchers out west continues, we are going to see prices for meat, fruits and vegetables soar into the stratosphere. Already, the federal government has declared portions of 11 states to be “disaster areas”, and California farmers are going to leave half a million acres sitting idle this year because of the extremely dry conditions. Sadly, experts are telling us that things are probably going to get worse before they get better (if they ever do). As you will read about below, one expert recently told National Geographic that throughout history it has been quite common for that region of North America to experience severe droughts that last for decades READ MORE: http://theeconomiccollapseblog.com/archives/15-reasons-why-your-food-bill-is-going-to-start-soaring