How George Soros Helps Us Truly Understand Things, Part 1

Found a most interesting article this morning from Reuters: Soros says EU break-up would be catastrophic. I couldn't agree more.

An EU break-up would certainly be catastrophic . . . for globalists like George Soros, that is. It would mean their fantasies of world government would go Poof! overnight.

As I've said before, there's a reason why the EU is called "the European Project." It really is a project, an experiment. And if they can make it work, its architects would like nothing more than to implement it over here with the result being a North American union made up of Canada, USA, and Mexico. Then Asia, then the Middle East, then South America. Dream on, lads.

I'm not a fan of George Soros. I keep a quote from his thinly-veiled globalist manifesto The Alchemy Of Finance on this blog for a reason. It's to remind me to keep my eyes open and not be fooled by "events" created to manipulate public opinion. I saw his book to be nothing more than an exercise in Hegelian dialectic (problem-reaction-solution) in which Soros attempted to guide our thoughts to a predetermined solution. (Part 2 will be a full "book report" in a future post.)

His solution? Markets need a single, international currency and a single, international central bank.

Imagine the Fed or the ECB regulating financial markets around the world. The ECB can't even manage the EU debt crisis without seeking help from the IMF, while the Fed has erased over 90% of the purchasing power of its Federal Reserve Notes (which are otherwise known as the US dollar and just so happen to be the world's reserve currency). Currently, the Fed is now pushing on a string despite record amounts of stimulus. Do either of these institutions sound up for the task of controlling the world's money supply?

Failure to understand how individuals such as Soros use the Hegelian dialectic to shape our opinions encourages implementation of their goals. And that is why:

"Many momentous historical developments occur
without the participants fully realizing what is happening."

Thank you, Mr. Soros, for helping us understand.

As for the markets, notice this morning that both the dollar and the S&P futures rallied strongly on the NFP number. So much for the perfect correlation between the two. Economists will now say a strong dollar indicates the economy is getting stronger.

I could care less about the NFP number, and I still don't know what it was. Of course I wish more people had jobs, but my point is that this is a great example why news doesn't matter. I would trade (or not trade) the same way no matter what the number was.

For example, I'm still waiting for 1292.66 on the S&P (and possibly higher to 1308). I am long from lower levels. I will not alter my strategy today unless 1265.26 fails. That's all I care about. Not rumors, not GDP forecasts, not analyst estimates. Just price.

Speaking of quotes, here's another one for you:

"The market's gonna do what it's gonna do when it's gonna do it."