Lord Rothschild takes £130m bet against the euro

[god_zeus]

[Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.


The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.

The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.

RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.

Sources close to RIT suggested that the position was not a dogmatic negative view on the euro as a currency, but rather a realistic approach on a currency that remains relatively weak.

http://www.telegraph.co.uk/finance/f...-the-euro.html

[Loofydralb]

Rothchild bets both sides of the play. Don't be fooled. Some of his plays are just red herring.

128 million is peanuts to him. If he is really negative on the Euro, he could have bet 10billion of his assets.

[johnny333]

So what is Ho Ching doing

As someone suggested, do the opposite

[hairylee]

A very well established dynasty.
They are part owner of this world and can never lose money.

[Narong Wongwan]

Rothchild bets both sides of the play. Don't be fooled. Some of his plays are just red herring.

128 million is peanuts to him. If he is really negative on the Euro, he could have bet 10billion of his assets.

Agree. 128 million is small change. Even soros could bet 10 billion against the pound...

[Muthukali]

I think they do hedge, buy attractive sell unattractive.

[laksaboy]

And look at David de Rothschild... he is an 'adventurer' and doesn't need to work.

Gotta love old money.

[god_zeus]

And look at David de Rothschild... he is an 'adventurer' and doesn't need to work.

Gotta love old money.

the Tomb raider game is like based on illuminati
Lara croft father is like a illuminati
she dont need to work
but go around the world to collect anicent artifacts

[Jah_rastafar_I]

A very well established dynasty.
They are part owner of this world and can never lose money.

The very first face you see in the vid is the avatar used by clinton666 and his wannabe clone cruxx.

[Jah_rastafar_I]

And look at David de Rothschild... he is an 'adventurer' and doesn't need to work.

Gotta love old money.

Look at the other female member of the rothschild that had sex with a rapper.

[Cruxx]

Schizophrenia has become pandemic in Singapore.

[god_zeus]

Unstoppable economic collapse is imminent

[redoubtable]

Can't tell if the position is hedged.

[god_zeus]

Agree. 128 million is small change. Even soros could bet 10 billion against the pound...

it is not 128million dollars
but 128 million pounds
I think the pound was 4X the amount of UsD dollar

[Narong Wongwan]

it is not 128million dollars
but 128 million pounds
I think the pound was 4X the amount of UsD dollar

Sorry you lost me there....

[Cruxx]

Sorry you lost me there....

Told you liao. Schizophrenia is a serious problem in Singapore

[Narong Wongwan]

Told you liao. Schizophrenia is a serious problem in Singapore

I need some help to explain this statement...

I think the pound was 4X the amount of UsD dollar

[Cruxx]

I need some help to explain this statement...

I think the pound was 4X the amount of UsD dollar

He's trying to say that the exchange rate is 1 GBP = 4 USD. This is the same joker who claimed that "there will be thousands of UFO flying and appearing in the sky this saturday (4th August)"

[Narong Wongwan]

He's trying to say that the exchange rate is 1 GBP = 4 USD. This is the same joker who claimed that "there will be thousands of UFO flying and appearing in the sky this saturday (4th August)"

That's what I thought.
Even historically such an exchange rate never existed.
This chap is a deep one indeed.

[Fook Seng]

That's what I thought.
Even historically such an exchange rate never existed.
This chap is a deep one indeed.

Seems very high. 3 times too high.