OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Sense of Taste
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 12:02 pm by Consciousness Of Economic

» Truths in small doses
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 12:01 pm by Consciousness Of Economic

» Sense of Smell
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:59 am by Consciousness Of Economic

» Covid testing: DfE confirms arrangements for extra school funding
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:57 am by Consciousness Of Economic

» The Six Basic Exercises for Esoteric Development
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:54 am by Consciousness Of Economic

» Avoid These Fake Silver Bars! We show you how!
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:53 am by Consciousness Of Economic

» Morality will be built on the foundations of spiritual knowledge — or it will not be built at all!
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:52 am by Consciousness Of Economic

» at Woodborough - Harald Kautz Vella
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:50 am by Consciousness Of Economic

» SEC's 28 Page Court Filing For Dave Schmidt's Meta 1 Coin Fraud - RV Guru In Deep Trouble!
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 11:49 am by Carl Spackler

» What is Superior Mirage? Why the Ship looks Floating?
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 10:38 am by PurpleSkyz

» Whanganui woman one of just 11 in the world with MAM negative blood type
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 10:28 am by PurpleSkyz

» Radio is dangerous, but not 5G? FCC greenlights rollout for 5G tech but reaffirms radio radiation
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 10:21 am by PurpleSkyz

» Leftists Start a Pillow Fight with Mike Lindell
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 10:11 am by PurpleSkyz

» Sacha Stone - Institutional Child Trafficking Part 3 - SHARE WIDELY -
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 10:00 am by PurpleSkyz

» Monsanto Found Guilty of Chemical Poisoning in Landmark Case
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 9:56 am by PurpleSkyz

» Skid Row homeless encampment in downtown Los Angeles in the rain
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 9:48 am by PurpleSkyz

» Johnson and Johnson Has Paid $BILLIONS in Criminal Settlements and Never Produced a Vaccine Before – Why Would We Trust Them for a New Experimental COVID Vaccine?
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 9:40 am by PurpleSkyz

» Benjamin bla bla blah Fulford - 3/08/2021 - Gnostic Illuminati Targets Bloodline Elite 2021 Offensive Begins
Rothschild Confirmation Of Eurozone Breakup EmptyToday at 9:35 am by PurpleSkyz

» A Royal Conflict: Buckingham Palace vs. Hollywood
Rothschild Confirmation Of Eurozone Breakup EmptyYesterday at 7:34 pm by bs4ever

» Sean Stone Goes Full Cringe - Is this Really the Great Awakening?
Rothschild Confirmation Of Eurozone Breakup EmptyYesterday at 4:53 pm by PurpleSkyz

» Clif High - Woo Rules!
Rothschild Confirmation Of Eurozone Breakup EmptyYesterday at 4:51 pm by PurpleSkyz

» UFO News ~ UFOs Sighted Over Rio de Janeiro, Brazil plus MORE
Rothschild Confirmation Of Eurozone Breakup EmptyYesterday at 11:11 am by PurpleSkyz




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Rothschild Confirmation Of Eurozone Breakup

Rothschild Confirmation Of Eurozone Breakup

Go down  Message [Page 1 of 1]

ymoilman2


Rothschild Confirmation Of Eurozone Breakup

Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.

Lord Rothschild has led RIT since 1988 Photo: AP
By James Quinn

9:55PM BST 18 Aug 2012

The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.
The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.
The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.
RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.
Sources close to RIT suggested that the position was not a dogmatic negative view on the euro as a currency, but rather a realistic approach on a currency that remains relatively weak.
It is not the first time Lord Rothschild has used currency positions as a form of hedge. RIT significantly increased its exposure in sterling after the currency’s decline in 2008, but then scaled back on both the sterling and the euro, anticipating the ensuing recessions in both regions.
Some 53pc of RIT’s assets were in US dollars at the end of July, in part a reflection of its deal to buy a 37pc stake in Rockefeller Financial Services at the end of May.

Lord Rothschild is not alone in seeing value in shorting – or selling down – the euro. At a conference organised by business news channel CNBC in July, Mary Callahan Erdoes, head of JPMorgan Asset Management, said “shorting the euro” when asked for her single best investment idea.
In June, George Soros – the billionaire investor best known in the UK for helping to force sterling out of the European Exchange Rate Mechanism in 1992 by betting against the British currency – said that European leaders at that point had a “three-month window” to save the euro.

Source

For anyone who is not asleep this will serve as confirmation that the European Debt Union will indeed collapse shortly.

Video Link: https://www.youtube.com/watch?v=U_et4Cqugbk&feature=player_embedded
The video above is of UKIP leader Nigel Farage and his constant warnings of this financial collapse. For over a decade he has worked tirelessly as a Member of the European Parliament. Nobody listened but everybody is listening now.

Wiggy

See also http://blogbywiggy.blogspot.co.uk/2012/08/finland-preparing-for-eurozone-break-up.html

And http://blogbywiggy.blogspot.co.uk/2012/08/the-eurozone-is-shrinking-as-we-head.html


Posted by John MacHaffie at 9:08 AM

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum