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Monday 20 August 2012

Lord Rothschild Betting On Euro Collapse? - Banking titan places $200 million dollar short against single currency -

Lord Rothschild Betting On Euro Collapse? - Banking titan places $200 million dollar short against single currency - 



If the actions of Lord Jacob Rothschild are anything to go by, the long predicted collapse of the Euro may not be far away, with the banking titan placing a $200 million dollar bet against the troubled single currency.

“Lord Rothschild, an elder member of the dynastic Rothschild banking family, has taken the position against the euro through RIT Capital Partners, the 1.9 billion pound investment trust of which he is executive chairman,” reports CNBC.
RIT has upped its short against the Euro from 3 per cent in January to 7 per cent in July.
The European Central Bank continues to try to re-animate a dead corpse by continually pumping bailout money into debt-ridden countries like Greece, Ireland, Portugal and Spain.
However, top investors only see it as a matter of time before the single currency is consigned to the landfill of economic history.
Last week, influential German newspaper Der Spiegel reported that “Banks, companies and investors are preparing themselves for a collapse of the euro.”

Meanwhile, billionaires like John Paulson and George Soros are throwing their financial muscle behind gold as the financial picture looks increasingly unstable heading towards the end of the year.
“According to Bloomberg News, Paulson & Co. and Soros Fund Management bumped up exposure to SPDR Gold Trust to 21.8 million shares and 884,000 shares, respectively. Paulson & Co. now has 44 percent of its $24 billion fund exposed to bullion,” reports ABC News.
The next leg of the financial collapse is being forecast by many to be far greater in severity than the 2008 downturn, with Max Keiser appearing on the Alex Jones Show Friday to predict a systemic economic meltdown before April 2013.

Read more -
http://www.prisonplanet.com/lord-rothschild-betting-on-euro-collapse.html

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