Are "Gun Control" Billionaires buying up USA Mfgrs?

creekbend · May 27, 2012

www.tititudorancea.org/z/machete.htm

creekbend · May 27, 2012

creekbend said:
Machete

Machetes cutting a wider swath of fear in U.S. communities

Gator6x4 · May 27, 2012

cisco said:
Yup, sure thing, and let's jack up the price of guns and ammo just like after Obama was elected 'cause, for sure, there will be legislative initiatives to impair 2nd amendment rights.

Didn't happen, not even when Democrats controlled both sides of Congress and the Presidency, and now prices/availability are back to near normal. Course, in the interim a whole bunch of folks bought arm/ammo at a premium. Dang, time to ramp up the rhetoric again 'cause there's folks to stir up and a profit to be made.

Now, re. the facts, let's see them, for real. If you've got such, many, me included, would be real interested. If not, well.....

As to Soros, he's over 80, out of hedge fund management (very poor results in waning years), and mainly functions as a philanthropist and curmudgeon for business talk shows. Find another villain.

I don't think the current resident of the White House has anything to do with who is currently buying firearm manufacturing facilities or ammunition facilities. They are being purchased by Venture Capitalist Companies. Cerberus Capital owns wholly or partial Fredom Group and they own about any weapon or ammunition company you can name, why you ask? No - No not trying to restrict gun sales but make gun sale. There is money, big - big - big- money in firearms and ammunition. Want to increase sales? Start a rumor that gun sales are going to be restricted. Tried to buy ammunition lately? Some of the calibers that were readily available years ago are hard to find. Find it and pay three or four times what you used to pay. Look to pay even highher prices in the future. Venture Capitalist like and demand large returns on there money. If they wanted one percent they would buy CD"s. Three or four percent they would invest in munies or Federal Bonds. No they want 20-30 percent. A businessman explained it this way one time, the two "G's". "Greed" the sellar wants more and we as consumers are "Gullible" enought to buy or fall for the false advertisment that makes the product(s) so desireable. How many time have you heard of someone paying hundreds or thousands over the MSRP for a product because it was in hot demand or limited production. How many remember the "Cabbage Patch Dolls"? Tried to buy a New Shelby Ford, since Carrol Shelbys death?

LazySusanFarms · May 27, 2012

As long as this company doesn't get bought and East European countries still make 7.62 rounds, I will remain happy.

http://www.laruetactical.com/obr-762

tcreeley · May 27, 2012

Aren't all guns made in China and sold under a US label- like every other American business!

edlegault · May 27, 2012

If I remember correctly, Soros owned, or controlled, a company that bought Smith & Wesson a decade or two ago. That was when S&W stopped selling firearms to the general public -- only to the military and police. Their sales went to almost nothing. Soros then got out of the weapons business (as far as S&W goes).

RollTideRam · May 27, 2012

If they own the gun companies, and they stir up fear of no guns, then guns and ammo go up and they make millions. Hmmm

Gator6x4 · May 27, 2012

RollTideRam said:
If they own the gun companies, and they stir up fear of no guns, then guns and ammo go up and they make millions. Hmmm

I thought you spelled Billion with a "B" not an "M".

A NYT article on who owns firearm companies. http://www.nytimes.com/2011/11/27/b...e-the-gun-industrys-giant.html?pagewanted=all

An ownership history of Smith and Wesson can be found here: Smith & Wesson - Wikipedia, the free encyclopedia. George Soros's name is not mentioned as an owner.,

Ken45101 · May 28, 2012

edlegault said:
If I remember correctly, Soros owned, or controlled, a company that bought Smith & Wesson a decade or two ago. That was when S&W stopped selling firearms to the general public -- only to the military and police. Their sales went to almost nothing. Soros then got out of the weapons business (as far as S&W goes).

NO, totally incorrect.

S&W was owned (and mismanaged) by a British conglomerate,Tompkins PLC. Under the Clinton administration, they signed an agreement to limit gun sales and that angered the firearms community and hurt sales. But they never stopped selling guns to the public. The agreement was more of a PR fiasco than any actual limitation in sales.

Sales plummeted and the company, partially because of bad managment, was deeply in dept. It was bought for a song by Safe-T-Hammer ($15 million plus $30m debt), less than half of the $115 million that Tompkins had bought it for. Safe-T-Hammer then changed it's name to Smith and Wesson Holding Corporation.

Ken