Jim Rogers: It's Going To Get Really "Bad After The Next Election"

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.
Why would you dump over a million shares of stock in major banks and purchase more than 100 million dollars worth of gold?

Well, it would make perfect sense if you believed that a collapse of the financial system was about to happen

about a month after?

NO, RIGHT NOW ITS HAPPENING THIS DAY ITS BEGUN....FREIGHT...THEY ONLY PAY COST...MY PAYCHECK IS NOT IN THEIR EQASIONS...SO I SIT ...THERE IS ALOT OF FREE SHIPPING ON THE BOARD

Says the retard that thought he could escape it all by moving to Singapore.

Epic fucking fail.

Singapore will be a wasteland in a couple of years.

MELTING PLASTIC..

Pretty much...

This place is already starting to crumble upon itself. What the fuck was he thinking?

An island populate by monkeys, sponsored by the NWO.

Enjoy it Jim! While it last!

The experiment is over and you are about to lose it all.

i agree it's happening now. it's been happening for over two years.

FOR HIM ITS A QUALITY OF LIFE ISSUE................

He's just postponing the inevitable.