On August 19th, several news sources reported that George Soros had bought millions of shares of coal stock.
The man who funds the Global Warming/ Climate change groups suddenly buys coal. You can bet its not just because the stocks used to be $90.00 a share and now are $1.00. When Al Gore began telling people to sell their fossil fuel stocks because in five years he would make them worthless I kept waiting for Jim Cramer of CNBC to remark on who would be dumb enough to buy something that was going to be made worthless.
In order to sell something you have to have someone willing to buy it. And no one is going to buy stocks that are going to be made worthless by government edit. That is unless the buyer knows something the seller doesn't: Like possibly all the other things we make using coal including Steel where we use Processed Coal (Or Coke) in the blast furnaces. The alternative is that the buyer has depressed the value of the stock by various (legal) means so they can then buy real cheap. Following which they stop the legal measures that depressed the stock value. In the end Soros is at least up front on the purchases; Danny Devito in in the movie "Other Peoples Money" set up a front company in Jamaica called OPM investments.
The man who funds the Global Warming/ Climate change groups suddenly buys coal. You can bet its not just because the stocks used to be $90.00 a share and now are $1.00. When Al Gore began telling people to sell their fossil fuel stocks because in five years he would make them worthless I kept waiting for Jim Cramer of CNBC to remark on who would be dumb enough to buy something that was going to be made worthless.
In order to sell something you have to have someone willing to buy it. And no one is going to buy stocks that are going to be made worthless by government edit. That is unless the buyer knows something the seller doesn't: Like possibly all the other things we make using coal including Steel where we use Processed Coal (Or Coke) in the blast furnaces. The alternative is that the buyer has depressed the value of the stock by various (legal) means so they can then buy real cheap. Following which they stop the legal measures that depressed the stock value. In the end Soros is at least up front on the purchases; Danny Devito in in the movie "Other Peoples Money" set up a front company in Jamaica called OPM investments.
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