George Soros Warns Of Financial Collapse, Class Warfare And The Rise Of Evil
Gus Lubin | Jan. 24, 2012, 8:00 AM | 13,143 | 86
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George Soros warns of financial collapse and class warfare in a chilling interview with Newsweek's John Alridge.
“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Read the full interview at The Daily Beast >
These days Soros is holding mostly cash -- he calls gold "the ultimate bubble -- along with European bonds he picked up in the MF Global firesale -- judge for yourself whether they were a cutthroat investment or altruistic support for Europe.
In Davos this week, expect Soros to give the counterpoint to Angela Merkel and Mario Draghi's optimism on the eurozone.
Who cares! Sorros is exactly the kind of speculator that is running upon the Euro. He'll be as rich as Croesus from any depression that occurs.
Unlike your press we already know what the situation is we still just about have the BBC so we still have fairly unbiased reporting, and it keeps the rest on the straight and narrow. But Murdock et al are trying hard to get rid of it, although they've handily shot themselves in the foot for a while.
You rise of evil when just 50 years back 10 millions died is horror of National Socialism
[they are singled out because they had class.. nice uniforms and style] almost like us. now.
thats what is scary.
the NSDAP
national socialist german workers party.
a few years later the chinesse killed 10's of millions.
The USSR killed 50 millions under STALIN
I'm not sure George Soros is implying that evil did not exist prior to now.
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Actually, I have included a link in my second post where you could read the entire article.
Cheer me up..? google aspergers...
What is cheer?
I know it as word only.
My life is a fake. I pretend to agree/understand.
pretend. my only feelings are for my kids. an abberation it seems.
several psychologists have commented..
I replied.. you, are a fool.
And 20 years my junior.. back to preschool . They left the gate unlocked.
Soros is so far off mark 'difficult time? lol
We are facing time of mass culling of humanity. Where billions will cease to be.
will this destroy economy. no.
But if your thinking economy then why bother.. you live for economy not people.
do we need to go back before money was .. to learn from mistakes?
This'll be the bloke who ran the pound moralising would it!
