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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » George Soros sells all shares of Citigroup, Bank of America and JP Morgan

George Soros sells all shares of Citigroup, Bank of America and JP Morgan

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PurpleSkyz

PurpleSkyz
Admin
Wednesday, May 21, 2014

George Soros sells all shares of Citigroup, Bank of America and JP Morgan

Is this a sign of trouble ahead for the banking industry?
 George Soros sells all shares of Citigroup, Bank of America and JP Morgan  George-Soros-1560x690_c
 
By John Vibes
 
WASHINGTON (INTELLIHUB ) — Just over 2 decades ago banker George Soros made his most famous investment by shorting the British pound and pocketing a billion dollars in the process.  Since then he has become famous for betting on stock market crashes and in some cases even rigging markets to fail for his own gain.

Just months ago, Soros made headlines by making a billion dollar stock bet against the S&P 500.  At the time this was said to be a sign of trouble ahead for the US economy, as Soros has seemed to have had advance knowledge of market crashes in the past.  As a result of this reputation, investors have begun to keep a close eye on his holdings.

This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.

The Wall Street Journal reported that  “George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission  Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)”

In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. “We witnessed the collapse of the financial system … It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”

Read more at http://intellihub.com/george-soros-sells-shares-citigroup-bank-america-jp-morgan/#oXDyByKdxawDQddf.99
Posted by enerchi at 5/21/2014 03:40:00 PM


Thanks to: http://www.ascensionwithearth.com



  

Visionkeeper


If this is indeed the truth, then expect the crash of the economy and banks to follow shortly. The end is near !!!

http://oneworldrising.wordpress.com

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