Soros et.al. attacking Euro?

Daily Mail:

A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro.

Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports.

A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented.

At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar.

The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland.

But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.

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This is also going to create a problem for many of the drug cartels who have switched from the dollar to the euro. They are watching their profits shrink as the market for the euro falls. Soros lost some money betting against the dollar after Bush won in 2004. Perhaps he is trying to recoup his losses and also prop up his buddy Obama.