Stacy Summary: Re: the Soros story . . . remember that at the same time he was doubling his stake in GLD, he was dissing gold as an investment in many interviews warning that gold was the ‘ultimate bubble;’ and as you can see from this headline in the Telegraph, the newspaper warned gold was about to crash based on Soros’ warning.
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@CA Doc – language of the SC bill outlawing FRNs?
See:
http://www.scstatehouse.gov/sess118_2009-2010/bills/4501.htm
That bill would never be introduced in California. Anyway, it’s a protest bill, not something that will ever pass.
http://business.theatlantic.com/2010/02/new_home_affordable_modification_report_provides_new_data.php
Interesting story about the Home Affordable Modification Program data (HAMP).
LOL… maybe they should have called it the Home Expensive Modification Program… HEMP…instead.
This entire HAMP program makes me wonder what they’re smoking anyway. Do they really expect me to believe that the modification program will do anything to stop the slide in property value? The people are still out of work and the economy has not yet rebounded in California…the epicenter – ground zero of the housing crisis.
http://www.commodityonline.com/news/IMF-to-sell-remaining-191-tonnes-of-gold-soon-25773-3-1.html
If the IMF is liquidating the remainder of its gold inventory for sale, one wonders which nation will step forward to buy it.
Here’s my list: Germany, Japan, China.
@Will -
What would happen if the Referendum process in California passed that same bill?
Do you have a reference to the language of the bill in South Carolina?
If California went to a gold standard currency, it would force the hand of the Federal Reserve and back up Wells Fargo as JPMChase enters California under the “purchase” of WAMU.
@ Gordo, fair play mate for you to arrive at your conclusion. Yes you are making the correct play if you belive these stories to be rubbish (garbage, for you US readers), i personally have hedged myself a little just in case there may be a slight grain of truth in it.
As you are though the ETF can be sold in the blink of an eye at the moment.
I take Soros’ use of the word “ultimate” in this context as meaning “the last” as he is a politician. By saying this, he is not lying, just as Bill Clinton was not lying when he said about M. Lewinsky “I did not have sexual relations with that woman.” Soros is right – gold will be the last asset bubble as it is the asset of last resort. That bubble won’t pop for many years though – a lot of trash still has to be flushed out of the system before gold reverses its bull run. Obviously George feels the same way or he wouldn’t be doing what he’s doing in the gold market.
South Carolina state representative Mike Pitts seeks to replace US currency with gold coins
Apparently Rep. Pitts realizes his bill has no chance of passing. He stated, “I don’t see the intestinal fortitude of this legislative body to test the federal government on Constitutional issues.”
@doomandbloom
I used to idolize guys like Buffet & Soros too, however i came to realize that if i were to be as cold, ruthless, single-minded and calculating i could be what society considers today a relatively rich and successful person (maybe not a Buffet or Soros – but rich nonetheless). unfortunately (or maybe fortunately?) the qualities that i have listed above are not qualities that I would want to possess in any significant degree or even be known for.
@Gordo. at this point i will have no paper but cash for day to day life. physical gold is easily sold around here.
@ ronron
Let us consider us both warned.
@Gordo. who supply’s the liquidity to make sure there’s a buyer and a seller on each side of a trade? watch out.
@ronron
You are hilarious. I do not mean that in a bad way.
But I just do not think the level of control that is needed to pull that off is there (yet I will keep that in mind though).
@Gordo soros will be able to dump but you won’t. page unavailable please try later. wake up.
@ i’m Alan Partridge
I sometimes do not know what is and is not correct.
I have the feeling that a lot of these rumors are not correct.
I do know that it will not matter. You can dump the GLD ETF in one second at market price. So to me it does not matter if it is tungsten or manure.
@ Gordo, i guess you must totally dismiss all the web rumour about tungsten gold and the amount of vaulted gold held in London, held by Comex and in Fort Knox.
Coup de Banque by Shaykh Dr. Abdalqadir as-Sufi
The Collapse of the Terrorist Dialectic by Shaykh Dr. Abdalqadir as-Sufi
Soros and China are smart they know it is wise not to hold physical.
It is not the old days anymore. When Gold peaks you will need to get out quick. The GLD ETF is the ticket to get out quick.
@Max
You are probably right…
First Soros tries to talk down the PoG…
Then during the few days that it is depressed, he sweeps in to get the GLD…
Media finds out he’s invested, and the paparazzi pump begins…
How long will Soros hold his position before the dumping begins?
a week?
Indonesia group prefers gold as dollar loses shine
Bloody Hell…
Last night in my online journies, I came across an article about someone else increasing their holdings of GLD…
hmmm… I think it was CHINA, actually…
ahhh found it… From the Feb 16 Casey Research Daily Dispatch
1. For the first time ever, China has invested in GLD, the gold exchange-traded fund. Their sovereign wealth fund, China Investment Corporation, recently invested $155 million in the ETF. The amount represents only .05% of the sovereign funds’ $300 billion, meaning there’s a lot more where that came from.
Those mainstream lemmings who predicted China was done buying gold now have to deal with the reality that this move more likely signals they are closer to the beginning – and not the end – of a long-term strategy to diversify into gold.
@ ronron, i agree mate, not pump and dump but SMASH AND GRAB!
@Giorgio – excellent point! Instead of gold from lead, it’s gold from paper
It’s better than alchemy.
Instead of gold from lead, it’s gold from paper (preferably that FRN paper with the cabala seal of approval).
Money for nothing, but keep the free chicks. I’m too old for ‘em.
The Housing Double Dip Is Here
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/New%20Home%20Sales%201.27.jpg
http://www.zerohedge.com/article/housing-double-dip-here-december-new-home-sales-down-76-november-miss-expectations
Great point on Soros. Don’t know why so many worship this criminal. For more on Soros:
http://www.parenting-healthy-children.com/News.html
Scroll 1/3 way down page to George Soros section. Several articles.
Check out: George Soros Happiest Time under Eichmann?- 4 minute video.
Here’s an interesting take on sdr and the IMF gold ‘sales’:
http://www.gold-eagle.com/editorials_00/howe012600.html
“In the 1993 SNA there is already an instrument category Monetary Gold and SDRs in
which the SDR is included (AF1). Asset and liabilities could be separately identified on a
gross basis (although it should be made clear in the 1993 SNA that there are no liabilities
associated with monetary gold). Within the balance of payments, SDR allocations could be
classified as an other investment, other liability, monetary authorities (central bank), long
term.”
http://unstats.un.org/unsd/nationalaccount/AEG/papers/m4SDRs.pdf
Mother Earth: how does one decifer IMF accounting? The problematic seems to be the lack of transparency for the central bank operations. I’m not arguing your point, but I’m wondering what you have to back up your ideas?
The gold sales look like accounting entries: the issue is whether the bank took possession of physical gold. Soros is not buying physical gold. The use of gold/labor is an interesting one: I believe the common people are being duped into a faith for which there is no hope.
Here’s the IMF statement of their transactions ‘selling’ gold in 1999: note the central bank did not take possession:
http://www.imf.org/external/np/sec/nb/1999/nb9962.htm
Lesson: Do the opposite to George S statements…
Opposite George
http://www.youtube.com/watch?v=cKUvKE3bQlY
Whether Soros is right or wrong in theory, as long as he drives the price of gold up, it’s all good to me.
You really have to understand Soros, he is a master at propaganda. What he actually said is irrelevant, the message that the media ran with was the goal. He thinks of himself a philosopher with his “Reflexivity” concept
Market reality is created by the perceptions…
or he can influence the markets through manipulation and propaganda
He is an elitist and his open society is a mechanism to retain the elite class. Is he a progressive, who knows, but he uses anything and anyone to achieve his own goals.
Midas Fund’s Winmill Turns Gold Rise Into 83% Return on Miners http://tinyurl.com/yjs2rqz
Randgold profit more than triples http://tinyurl.com/yhlvuv6
Gold will be $2000 at the end of 2010 – CEO of US GOLD Vid http://tinyurl.com/ydh9u7s
China Becomes Oil ETF’s No. 4 Holder, Buys SPDR Gold (Bloomberg) http://tinyurl.com/yfq3jpw
Dollar will doom, Gold will boom: Jim Sinclair 6 February 2010 (CommodityOnline) http://tinyurl.com/ybfkffs
Brace Yourself for the Coming Gold Shortage http://tinyurl.com/y8q32pg
Yeah, his same old tricks.
I remember when MoveOn(which he significantly funded) picketed Haliburton. Haliburton stock plummeted, he bought at the bottom then all of a sudden… MoveOn stopped picketing Haliburton and the stock shot back up.
@Snoot
Last time I checked gold was not in the SDR basket, hence it can not be transfered using SDRs. In fact , SDRs have been explicitly instated to make gold transfer unnecesary, as it used to be tied to it, but is not anymore.
While we ‘cooperate’ in the IMF/BIS currency system, we seem to have the ‘success’ that SG indicated the site posters were lacking. But that success is the ultimate bubble. It is a trust born of Bretton Woods: a trust in those that used a nuclear device to kill innocence. The system is corrupt. The bubble bursts: trust in the system is the bubble.
Wondering about price at this stage in international finance is absolutely idiotic.
Why do we hang onto every word of Soros and then claim he is a liar? If he is a liar, why the itch? If the G20 system is corrupt: replace it. Either that or settle down for some real abuse: because it’s coming.
@frances snoot,
So you don’t think Soros’ intention was to give the impression…without actually saying it. People love to complete puzzles; give ‘em a pretty recognizable chunk of the picture, and you don’t have to specifically claim anything. You don’t get to be Soros without fucking a few million innocent humans…
typo: cabal
Midas Fund’s Winmill Turns Gold Rise Into 83% Return on Miners http://tinyurl.com/yjs2rqz
“if it then reaches its true value”
The elevated gold price has nothing to do with gold value and everything to do with a corrupt/criminal currency cabel’s illicit third-world projects for the uber-elite behind the IMF/BIS.
Value as indicated by price is dependent on the corrupt paper: period.
Soros: the Philanthropist?
“Deficit countries can use their SDR allocation to pay for imports or to settle international obligations; however, any use of SDR is subject to interest payments, with interest paid to holders who increase their SDR holdings above their initial allocations. In the past, a number of countries that used their SDR allocations fell into interest payments arrears to the IMF. While the SDR interest rate is only 0.31% in August 2009, the rate could rise very quickly if dollar, euro, yen or sterling (the four currencies that make up the SDR) interest rates rise. In that event countries that use their SDR allocations would face burdensome interest payments.”
http://www.atimes.com/atimes/Global_Economy/KH25Dj05.html
Noly that the IMF already sold 200 tons to India. Or has that story been convincingly debunked?
@MotherEarth:
Who debunks rumours? Central banks may draw gold through sdr transfers at a much lower cost than the price affixed to the gold ‘sale’ by the press.
all the same most of the sponsonrs are usually promoted as being ones AJ believes in. Justr kinda startled me to hear Jim Cramer ads.
I’m not knocking his show though, too much valuable info in it!
The way to disqualify gold and hide any loss of fiat value to gold is to brand it a bubble..As it rises people will become jttery and if it then reaches its true value, replacing all other currencies those that where in the know will have had enough time to get in..
@ afors
AJ says its the GCN that is in charge so thats why he has no say
@Lloyd – I guess that what so great with Soros vague story, as frances snoot points out, Soros didn’t say that there was a bubble in gold, but rather that we have conditions for asset bubble to develop and within that, gold could be the mother of all asset bubble.
@Snoot
Noly that the IMF already sold 200 tons to India. Or has that story been convincingly debunked?
I just fried my prototype. Electronics can suck. Boehoe! (forgive my selfindulgence)
Soros is supporting the gold price for a reason: he and his backers are planning on using the IMF sales for loans to back industrial projects:
http://www.imf.org/external/pubs/ft/survey/so/2009/pol072909a.htm
“Role of gold sales
Some of the money to boost IMF lending to low-income countries will come from the envisaged sales of IMF gold. The IMF Executive Board will consider a plan for the Fund to sell about 400 metric tons of gold in order to create a new income model for the institution. In order to meet the financing needs of the low-income countries during the global crisis, some of the proceeds of those sales will be used to help provide new subsidy resources for the concessional lending to those countries.
Resources linked to the gold sales will be used to help fund concessional lending to low-income countries in the following ways. First, windfall profits when the gold sales take place can be used for the subsidy resources. Windfall profits would derive from gold sales at an average price in excess of $850 per ounce—that is the price assumed in the new income model as necessary to fund the model. Second, to the extent that the realized windfall profits fall short of the required contribution, the remaining amount will be generated through investment income from the endowment funded by the gold sales.”
Areva nuclear projects?
http://www.telegraph.co.uk/earth/copenhagen-climate-change-confe/6778960/Copenhagen-climate-summit-George-Soros-urges-use-of-IMF-gold-for-green-loans.html
Pardon my naive question, but isn’t this sort of blatant manipulation illegal?
That begs the question, are Soros alone responsible for the fall in gold price lately? though, the interview with Soros was at a time when gold were below $1100 so if that is the start date for his “pump and dump” then it wasn’t much successful (as the lowest price of gold was Feb. 08-2010 with just above $1060). If he started with this in December 2009 then he certainly have made the clone traders act on his “advice”.
cant believe i used to idolise all these crooks back in the days when I was studying finance…..soros, buffett, Goldman’s…
better open my eyes late than never ..
Soros is not lying. Soros said, “”When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.”
How is Soros lying when he is only scooping some of the cream off the top of the etf market through speculation? He is not buying physical gold. He’ll sell at the right moment. When did Soros ‘diss gold’? He indicated that artificially low interest rates were creating ‘conditions’ for speculation through access to capital.
The newspaper did not warn about gold crashing. The newspaper indicated that Soros’ words were “sparking fears that prices for the precious metal may soon suffer a tumble.” There is not one warning in the entire article concerning the gold price.
Soros words should be heeded if the etf market speculation is indeed the basis for the gold price rise. What happens when interest rates rise in the spring?
Soros warned about the oil price bubble in 2008:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2790539/George-Soros-rocketing-oil-price-is-a-bubble.html
When that story came out, it sounded fake to begin with. That’s because the headline was “Soros: gold is a bubble” but nowhere in the article did you hear Soros give a reason he thought the gold price would crash.
He probably had insider info that China would be selling Treasuries, and knew gold would pop up soon.
@max
‘I was right. I bet $100,000 that Soros was lying about his gold position’
sorry to quibble, but on the subject of mistaking your ego for reality, who did you actually bet with max… your avatar or was it somebody in reality????
er, max you previously you twitted!!!
‘I’ll bet $100,000 dollars that George Soros’ words regarding a gold “bubble” are wrong. He has mistaken his ego for reality’
@maxkeiser
I see that AJ radio show is running ads for Jim Cramer. Thought it was a spoof, buth then realised it was for real. The things people do for money………
Con man dupes Merrill Lynch for $ 780 000, buys Ferrari
http://www.nypost.com/p/news/local/manhattan/liar_conned_firm_peeled_out_with_Bv0mEwO8Dn9LdCRCUhH8MM
A Day in the Life at the Gulag
So, Ivan, did you say if the gold price went up or down?
Igor, keep quiet. Maximus is taking role call. Remember who you are: remember comrade. We pull as one.
Ivan, look. I’m sitting on the cold metal: its a pain in my ass. Is it going up or down? Stop being cryptic.
Igor! WE told you: number the times. Gold is money. But you are in the gulag: shut up and wait for rations.
Ivan!!! I’m getting the shakes. You say gold is money. Stacey say gold is money. But snoot won’t shut up. Who decided to bring a cat to a gulag?
Cat’s are useful: they eat rats. What you got against cats?
I WANNA BE TOLD WHAT I WANNA BE TOLD. Tell me gold is good. Please. Get rid of that cat: I think she’s a stray.
You like I throw water on her?
SG?! Well, will it work?
I’ve got this cold dishwater here.
Yes, SG. We talk gold with Youri. We make new world. World of moral capital! World of Mises! Come comrades: pull together.
Where’s the cat?
She wandered off. Look, Igor. Cat’s have nine lives: what is cold water going to do? SG? Can’t you answer a simple question? What’s wrong with you?
mweeeeooooow.
@ David I dont have any Gold
ROFL
Hic
But You shoulda done a back Ground Check on Soros his rise has been shady all ta way
Surprise, surprise. Damn and I went and sold off all my gold when I heard Soros, did I fuck.
” this is soros using the media to ‘pump and dump’
he’s brilliant as he positions himself as a ’statesman’ but he’s just another hedgie like Pimco, or James Cramer – using the media to do their propaganda for them.”
he’s just another fucking liar.
Soros…..douche.
@ X
Much as I detest HSBC for a run-in we had a few years back, blame the baloney on the IRS. There’s no place to hide your hard-earned money anymore, except Mogadishu, maybe (where I’m going soon) Sign up for my crew
On your other post, why in the world would Iran attack Turkey? Erdogan was quoted last week as saying trade was up over $10 billion and would double in the next couple years. I do agree though that US bases like Incirlik won’t be safe if Iran is attacked.
http://www.flickr.com/photos/hawk914/574561824/
A WW2 plane recovered under 270 feet of ice. Global warming is BULL SHIT !
Vega Man
PS Freezing my butt off in FLORIDA !
Soros took circa £8 billion from the UK tax payers when he and his bankster pals attacked the UK pound! He cares only for his greedy self interest and secondly for his financiers!
@MaxKeiser. is this not opposite pump and dump? slam and buy?
call me.. Aoomandbloom…
It’s hard work moving $ 250 000 cash from your Swiss bank back to the USA.
… more holes in Swiss cheese banks’ raison d’être
http://www.nytimes.com/2010/02/17/business/global/17tax.html?hp
off topic: Prince Bandar neutraized?
Saudi prince held over murder in five star London hotel room:
http://www.telegraph.co.uk/news/newstopics/politics/lawandorder/7252310/Saudi-prince-held-over-murder-in-five-star-London-hotel-room.html
@Y’All
‘music industry to musicbloggers: there is no point in obeying the law’
http://www.boingboing.net/2010/02/16/music-industry-to-mu.html
@danny, david, er.. doom and deep deep depression alert.
saw this a while ago er,a bit old now but, at least it was in the Daily Mail…
http://www.dailymail.co.uk/news/article-1240174/Why-Ant-live-longer-Dec–A-beginning-D-wipe-10-years-life.html
World may not be warming, say scientists
http://www.timesonline.co.uk/tol/news/environment/article7026317.ece
The question still remains:
If Iran invaded Turkey from the rear, would Greece help out?
Anyone know the real story behind the raid on the UK £ back in 92?
Mike
http://blogs.wsj.com/iainmartin/2010/02/16/dont-worry-about-that-inflation-we-didnt-anticipate-says-bank-of-england/
WSJ NAILS the BOE
BTW A source has told me that tomorrow the goverment will show figs that the tax take for Jan (Normally £8.5 Billion) will be less than £3 billion!!!
@Marc Authier, Soros backs every color revolution but the gold and silver ones.
the perfect occasion to use the word SCUMBAG
Soros knows how to milk the media
when the Telegraph story went out I got many knee-jerk emails from people who were a) not sure about gold/ have not yet bought any b) owned gold but were worried.
Obviously, for huge buyers like Soros to buy at reasonable prices, many of the ‘weak hands’ must be shaken out of the market to pick up bargains.
He knows this and manipulates the media accordingly – by going to a huge media event like Davoa and making the statements that he made.
Play the players, not the market.
Soros is a fascist. A national socialist. The sad truth. He is a cynic like Obama. In reality he couldn’t care damn about pacifists, liberals or progressive. His “open society” is a front for more savage capitalism. He financed the orange “revolution in Ukraine. Go ask the Ukrainians what they think about the great “progress” ? It’s always very funny to see a billionnaire pretending to be a progressive.
Max
Know his history?
Mike
@Max
I think the game is called “How many fools do you have?”..
Why do people defend Soros?
Oh yea, he’s convinced the folks at moveon.org and dailykos the he’s a “Progressive.”
Suckers!!!!!
Rule by Oligarchs
A Country of Serfs
By PAUL CRAIG ROBERTS
…
…
If the Treasury’s bonds can’t be sold to investors, pension funds, banks, and foreign governments, the Federal Reserve will have to purchase them by creating new money. When the rest of the world realizes the inflationary implications, the US dollar will lose its reserve currency role. When that happens Americans will experience a large economic shock as their living standards take another big hit.
America is on its way to becoming a country of serfs ruled by oligarchs.
http://www.counterpunch.org/roberts02162010.html
I think the Gold ETF holders are going to get stuck with the tungsten plated bars. From what I understand the prospectus says they are not responsible for the purity of the bars. They have to stick someone with the tungsten crap . He may think he is slick now but lets see how it all ends !
Vega Man
U.S. risks crisis without fiscal action: Hoenig
Kansas City Fed chief calls for pre-emptive strike on tax, spending policy
http://www.marketwatch.com/story/us-risks-crisis-without-fiscal-action-hoenig-2010-02-16-124000
Peter Schiff is an Austrian School hack; he criticizes the Fed for overregulating…
@moaningmnnie,…..BTW,.that’s some pretty good copy-writing,.you ever thought of going into the marketing business!
George Soros caught using APMEX coupon codes.
http://www.youtube.com/watch?v=ABsCE3ITROQ&feature=sub
I posted 3 weeks ago that while Soros said “Gold is the next bubble” , his fund was holding 2,450,320 Shares of SPDR Gold Trust .. dated 30. Sep. 2009, and that it was the 4th. largest Long position in the Trust’S holdings.
After all, he did say Gold will be the next Bubble !!!!
i.e. due to rise !
… The $251 billion New York-based firm became the fourth- largest
holder in the SPDR Gold Trust, adding 3.728 million shares valued at $421 million, according to a filing with the U.S. Securities and Exchange Commission yesterday. …
The 4 largest holdings at 30.Sep. 2009 were :
1 POTASH Corp
2 Petroleo Brasileiro
3 HESS Corp
4 SPDR Gold Trust
FWIW
To be fare he didn’t say it was inflated just the ultimate bubble
I reckon it will be as well
US ‘Creative Accounting’ Could Repeat Greek Tragedy: CEO
http://www.cnbc.com/id/35422136
I found a not on my pillow this morning from my brain saying goodbye. Sneaky bastard. What do I do now?
Gold will be deemed a terrorist means of exchange pretty soon..”We can’t have enabling money floating around unregistered or detected!”.
I learned some time ago trading junk for illogical prices is the way to move money out of Africa. Maybe we’ll see mullahs exchanging postage stamps next. Soon any trade outside regulated consumption will be illegal, we will all be slaves and puppets sucking the fructose out of sponges.
But its sunny in Holland!
@themoanerfromcorona,….Most folk on here trade from their coms’,..what’s your excuse looser? : /
Vancouver is a joke. You will notice that real estate bubbles are always present when you have the Olympics. After the olympic boom it’s the bust. It’s like the high rise buildings. When a country or a city builds high rises like in Dubai or in Malaysia, you know that olympic bricks and mortar bust is close.
Canadian gastronomy ZERO. Very different in Québec. At least pour l’instant.
The case for silver (Forbes)
http://www.youtube.com/watch?v=HGPvVjfNYgs&feature=player_embedded
I reckon he’s doin’ a Rothschild,…time will tell!
Thank God we got :-
Peter Schiff
Jim Plav-er
& some silly bloke who can’t sing & has a dishy girl friend
Mike
liar liar..pants on fire
Heres a headline from the Winter Olympics that gave me a chuckle.
Team Russia forced to eat at McDonalds ahead of hockey kick off (because food at Olympic village is so bad)
http://rt.com/Sport/2010-02-16/russia-hockey-mcdonalds-vancouver.html
WTF!
Y’all know where I can get yesterdays Keiser Report online? RT are very slow this week on the oul’ uploading.
@SG
Blaise Pascal used to say. “Most of the world’s problems come from the fact that most men are unable to be in a room and sit .”
Jessy Livermore used to say. “The best stategy is most of the time to sit on your ass and wait.”
Yes saw this earlier when Max posted it on facebook.
I had to laugh. We all saw through Soros’ bull when he talked down gold a couple of weeks back. Why do the MSM push forward Soros’ ‘opinion’ like he’s some divine being who’s ‘views’ are whats happening in the financial when in fact he’s just an overbloated card-shark.
Don’t answer that.
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@max
The media whores don’t mind a bit being used. The media has always been violently anti gold and anti commodities and anti real stuff , specially the british media. I stop buying FT and the Economist because of their idiotics attacks on gold and oil. I have a timing recommandation here. When FT and the Economist or TIME become adamantly pro gold, I will then sell. Only then.
this is soros using the media to ‘pump and dump’
he’s brilliant as he positions himself as a ‘statesman’ but he’s just another hedgie like Pimco, or James Cramer – using the media to do their propaganda for them.