Here’s some news to make your day.
After Donald Trump’s stunning upset victory over Hillary Clinton, some progressives were crying tears for more reasons than the fact that they witnessed Hillary go down in flames, for the second time. One of the biggest progressive financiers of everything anti-America, one-world, Marxist puppetmaster of the Democrat Party George Soros, may have been crying tears for a different reason.
In the weeks after Trump winning the electoral college vote to become the 45th President of the United States, Soros lost nearly $1 billion as the stock market soared at the anticipation of a pro-business Trump presidency.
You see, billionaire Soros has made his money betting against the currency of countries. For example, Soros’s pocketbook had a $1 billion gain in 1992 after he bet against the British pound. Soros, as did many others, expected the stock market to experience a decline after Trump’s victory, so Soros did what Soros does. He positioned himself to benefit from what he thought would be economic doom in the weeks after Trump’s election.
George Soros was wrong and felt the financial sting for betting against America and Trump. (emphasis mine)
Last year, Mr. Soros returned to trading at Soros Fund Management LLC, which manages about $30 billion for Mr. Soros and his family. Mr. Soros was lured back by the opportunities to profit from what he saw as coming economic troubles.
Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter. The stance proved a mistake — the stock market has rallied on expectations that Mr. Trump’s policies will boost corporate earnings and the overall economy.
As a result, some of Mr. Soros’s trading positions incurred losses approaching $1 billion, the people say. Mr. Soros adjusted his positions and exited many of his bearish bets late last year, avoiding further losses, the people added.
Don’t hold your breath waiting for democrats like Barack Obama and Hillary Clinton or even avowed socialist Bernie Sanders to condemn Soros for trying to profit from the economic woes in America he anticipated for America. After all, profit is only a dirty word when it doesn’t benefit them and they have to keep their moneyman Soros happy. So, he’s off-limits from their hypocritical criticism.