 Ah, the collapse. Sweet! |
George Soros, the man who broke the Bank, sees a global meltdown – Times Online — Great story, but it expresses a lot of wishful thinking (of a negative sort). Soros finally admits that he loves it when things are bad.
The financial oracle does not know how long it will last. “That depends on how it’s handled. Allowing Lehman Brothers to fail was the game-changing event. That’s when the financial crisis went over the brink.” We could end up with a depression. “Unless we handle it well then I think we would. The size of the problem is actually bigger than in the 1930s.”
The problem in Britain, he believes, is in many ways worse than in America or Germany. “American memory is seared by the Depression, the German memory is seared by hyperinflation but Britain has a pretty serious problem in many ways worse than America because the financial sector looms bigger and the overvaluation of real estate is bigger than in America.”
Found by John Ligums.
The “end of the world” might be a price I’d be willing to pay, if I could take this buffoon down with me.
The world (even post Armageddon) would be such a better place without him and his ilk.
Shouldn’t he have a clown nose, John? Since he’s predicting something unpleasant.
You’re slipping.
Isn’t this the guy funding the Trilateral Commission?
WOW! That guys is brilliant at revisionist History.
This man belongs in jail.
Soros also funded the gun lobby in Australia that was successful only after the worst lone gunman event in (peace-time) world history. I believe they even arrived at the scene before the reporters. Brutally efficient.
Re: # 5 (Me)
Anti-gun lobby that is.
Yeah, the UK is at the center of all of this.
Sounds like his wet dream…
He is one of the main figures behind the worldwide economic collapse from which he is profiting (by his own statement). One can just hope for willing and persistent prosecutor.
Soros is getting bored with the Democratic party as his personal toy.
Yet again, it’s fun to watch how passionately Yanks get to denounce the guy only because he happens to tell something that goes against your inflated sense of self-importance.
ah i would dare to say American memory these days is seared shut. -1 week retention span or whatever the media decides should be remembered.
soros…looks crusty..somehow i thought he was younger looking.. no matter, i’d say he’s probably one of the hands that manipulated the current financial mess.. what else would someone who deals with currency trading do with his spare time?
-s
George Soros may dream of a global economic collapse, but he forgets that others look at him and dream of one clean shot.
He’s getting what he paid for.
Im still wondering WHY banks are causing this much of a problem.
HOW in the world is such a small problem causing ALL THIS..
Why was a Mortgage loan SHARED, bank to bank to bank, until the BIG BANKS had the problems?
Are all these mortgage banks associated to 1 LARGE bank?? THAT alone shouldnt cause this much of a problem.
I THINK that the sharing of the loans, spreading them out over 10-20 OTHER BANKS and such, CUT their profit margins to the point THERE WAS NO MONEY.
Mr Soros, is unpleasant to listen to, but is usually correct. He speculated on small countries currencies in the 70’s and 80’s, forcing them to trade at artificially high exchange rates. If you’re looking for someone to blame for third world poverty and famine, check out this guy and his buddies.
Figure if the market HITS BOTTOM..
costs of stocks will be CHEAP..great place to start again..
I am beginning to think some of the positive numbers coming out are inflated to hide what is really happening. I would not consider any government not willing to manipulate numbers to get confidence up.
But unemployment and business closings and such cannot be covered up. I agree that the UK is probably worse off then the US. But its a race to the bottom I do not want to win! I think its pretty easy to predict more pain ahead. Its the optimists that I question their motives.
Who’s going to kill Soros first? A right wing nut who hates his message, or a left wing nut who misses his funding?
George Soros’s propaganda site, ThinkProgress is popular with Digg kids.
#11 is correct.
Just find someone to blame – as long he/she isn’t from your “tribe” (political party, country, class, race, neighborhood, etc)
JCD said, “Soros finally admits that he loves it when things are bad.”
He doesn’t “like” bad things to happen nor does he actually cause them. He has the ability to spot future currency (and other) problems, and knows how to make money from them.
No crime – no ethical problems either.
While ya’ll are scapegoating him, he’s giving away many millions to promote democracy in formerly communist countries, and doing many other good things.
Further, when he dies ALL his holdings go to charities – nono to his family. (I would set my family up pretty well – but it’s his choice.)
John, I detect some envy here, old friend (reading you since 1987).
Most of the rest of you are just clueless.
/tangent
#16 -it’s by design
a somewhat simplified version..
-they repacked bad house loans along with more legitimate assets into securities and bonds, called them AAA rated securities and sold them to investors. the value of these instruments
are derived in part from the cost of the
house and the total amount of the loan.
when the homeowners started to default on the loans in droves, the overvalued houses they lived in in turn started to drop in price, this in turn eroded the value of the securities and bonds based on those loans.
these securities and bonds number in the millions
and are used as the assets that make up the actual value of many banks, corporations and investment firms. -these assets are used as collateral to borrow yet more money. (asset backed loans etc) -when these became worthless, so did any the value and borrowing power of any entity that was using them as collateral.
this has had a snowball effect all over the globe,
but is only a small fraction of the total picture.
-also attached to these loans…
..a huge mostly unreported part of the housing problem is the fact that many homes were never even lived in. with the help of corrupt loan officers, real estate appraisers and closing agents, straw men with fake ID’s bought
thousands of homes, jacked up the price and immediately flipped them. -fueling the
housingand credit bubbles.
anyway..this is a direct result of relaxed federal borrowing standards and bank regulations for which the banks have been lobbying for almost 30 years.
by no means is the financial hell-storm anywhere near over.
coming soon will be the commercial real estate
bust and the second and third wave of mortgage
defaults from ARM and ALT-A loans resetting to higher rates. -this should start in may or june.
(ie: $1700/month house payments jumping to
$2300-2600+ etc. -on people with no job even)
go look up the 1929 crash for the other main
banks involved in today’s caper. history is repeating itself…by design.
-s
George Soros and the elite do not want you to see this documentary.
http://youtube.com/watch?v=eAaQNACwaLw
Don’t believe what you see?
http://obamadeception.net/articles.html
Soros is a parasite, pure and simple. It’s people such as he who screw the rest of us in pursuit of a political/financial goal. The rest of us are merely ‘collateral damage’. Oops.
And he’s tight with the Big O.
Looking at co-relations as a means of establishing evidence for money making.
Does anyone else notice that the very ones who profited (and hope to profit more) are the very same ones who were short selling in the first place?
Didn’t Soros short sell the pound an make a fortune? Hasn’t he a history of short selling several currencies? In fact isn’t that the way he grew rich in the first place?
Be interesting if this was the currency which held up the longest or recovered quickest. Believers in Soros should examine his record of being wrong, and losing, but of course, we don’t want to talk about that do we in these days of ‘everything going down the Swanee’
Did you know that George Soros would not be a billionaire, if it were not for the international language Esperanto?
Born in Hungary in 1930 as Gyorgy Schwartz, the family changed its name in 1936 to Soros, which in Esperanto means “to soar” . The Soros name change was an effort to protect the Jewish family from the rise of fascist rulers and the whole family spoke Esperanto at home.
As a native Esperanto speaker, (someone who has spoken Esperanto from birth), George Soros defected to the West in 1946, while attending an Esperanto youth meeting in Berne, Switzerland.
Esperanto enabled Soros both to defect, and to become a billionaire.
Why can’t SOMEONE kill this cock-bite piece of shit named George Soros?!?!?