According to the article “Buffett's $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist”, a number of billionaires have taken a cash position on their holdings at the expense of stocks.
The article details the transactions as follows:
According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called "the world's greatest investor."
It's the biggest cash hoard the company has ever amassed, in the 40 years he's been in charge.
Jim Rogers recently admitted to Yahoo! that he is staying far away from U.S. stocks.
New filings also revealed billionaire George Soros' massive short position on the S&P 500.
The alleged reason for the cash hoarding and shorting of the stocks is that these billionaires have inside information on a forthcoming and massive financial calamity.
According to Jim Rickards, the CIA's Financial Threat and Asymmetric Warfare Advisor, they are taking emergency measures now before a historic economic meltdown strikes - one he, and many of his colleagues at the U.S. Intelligence Community, fear is unavoidable.
"Everybody knows we have a dangerous level of debt. That's no secret," he said. "But all signs are now flashing bright red that our chickens are about to come home to roost."
Have these billionaires taken a cash (or contra-stock) position on their holdings?
As an aside, it would be interesting to reference any explanation of their position and strategy in the light of an expected massive impending U.S. financial calamity.