With the spread of the Coronavirus continuing to cause havoc on the U.S. economy, a group of “rich guys” are downing the stock market and overall economy for mere personal profit, “betting big against” them as President Donald Trump recently tweeted and appearing to gleefully predict a collapse.”
“When the so-called “rich guys” speak negatively about the market, you must always remember that some are betting big against it, and make a lot of money if it goes down,” tweeted President Trump “Then they go positive, get big publicity, and make it going up. They get you both ways. Barely legal?”
Trump’s tweet appeared to be directed at Stanley Druckenmiller, but also Paul Tudor Jones. According to CBS Marketwatch, “Druckenmiller’s net worth is $4.7 billion, according to Forbes, and his remarks are similar to those from other billionaires, including Paul Tudor Jones. The investor’s admonishment also matches those of non-billionaires and economists who warn that the markets may face stiff headwinds as the U.S. tries to restart businesses that have been frozen for months to halt the spread of the deadly pathogen that has infected 4.3 million people, and claimed nearly 300,000 lives worldwide, according to data gathered by Johns Hopkins University.”
The morbid prediction by some of these “rich guys” that the U.S. economy was going to crash is eerily similar to the predictions made right before the 1987 stock market crash.
One of those traders that made the 1987 prediction and garnered unprecedented street credibility, not to mention having profited from the crash, is the aforementioned billion hedge fund owner Paul Tudor Jones II who has started to buy into bitcoin and out of the U.S Dollar.
Tudor Jones recently warned that because Americans valued their “individualism” that very same belief and “love of freedom” is the nation’s “biggest weakness” and could result in catastrophic consequences.
“Americans are too different,” said Tudor Jones “I don’t think we would be able to come together and do that,” Jones said. “I think America’s biggest strength is individualism, its love of freedom. In the case of the pandemic, it’s also our biggest weakness. If you look at the Asian countries that are succeeding and beating this, they are doing it because they place a much greater emphasis on society values than they do on individual rights.” (CNBC)
Making controversial remarks like this America’s “biggest weakness” comment is nothing new for Tudor Jones II, who has been an outspoken critic of the American agriculture community in Florida.
Jones is the founder of The Everglades Foundation and funds The Everglades Trust, the political arm of the organization. The Trust is closely associated with other controversial and partisan water conservation groups like Captains for Clean Water.
Several eco-friendly and conservation groups that are affiliated and partner up with The Everglades Foundation and Trust are backed by George Soros-funded groups, including he Center for Biological Diversity, which has sued the Trump administration some 200 times.
Is it un-American for these “rich guys” or anyone to bet against Americans as the COVID-19 virus’ death toll in American has surpassed 80,000?