Posted on 05/23/2020 7:18:38 AM PDT by RandFan
Billionaire financier George Soros said the European Union could be forced to directly tax its citizens as the bloc faces collapse due to the coronavirus pandemic.
Covid-19 has wreaked havoc across the continent and stalled swathes of the global economy with governments forced to ramp up borrowing to levels not seen in peacetime history.
Mr Soros, 89, believes perpetual bonds - bonds that cannot be redeemed but provide continuous interest payments to investors - could keep the EU afloat.
But to fund these bonds, the EU may need to directly tax the citizens of its member states.
In a transcript of a question-and-answer session emailed to reporters, Mr Soros said the damage to the euro zone economy from the new coronavirus would last 'longer than most people think'.
He added that the rapid evolution of the virus meant that a reliable vaccine would be hard to develop.
The hedge-fund veteran and chairman of Soros Fund Management LLC said perpetual bonds - used by the British to finance wars against Napoleon - would allow the European Union to survive.
'If the EU is unable to consider it now, it may not be able to survive the challenges it currently confronts,' Soros said.
'This is not a theoretical possibility; it may be the tragic reality.'
(Excerpt) Read more at dailymail.co.uk ...
Not that I give a rat’s posterior about that particular political entity, I believe the world economy will recover much quicker than the doomsayers say.
This is downstream from the seminal event of President Donald Trump rightfully removing the United States from the Paris Communist Accords.
Sounds like a return to serfdom.
No shit George, The EU rediscovered their borders.
Gov. Witmer, please send that 20 yr old man that massages old white people, to give comfort Mr Soros.
Corona is not killing the EU
The EU framework is killing the EU.
The euro is killing the EU
And debt is killing the EU
So Soros has a big FX bet against the Euro?
Yes please!
For all of the younger viewers out here, The EU is a currency model that was to overtake the US Dollar.
The US Dollar is the world standard in this time.
Wouldn’t surprise me...
Just watched “The Coming Conversion” . . .DVD and a Free watch on Amazon Prime Time. Released in 2017 and is more applicable now to our times then three years ago.
Will someone sneeze on that fascist old relic?
When is a perpetual bond not a tax?
Soros is merely stating that which everybody knows. The EU as it presently exists is in general irreversible decline.
One must ask, Is the EU responsible or are the various member states individually responsible?
The body can’t survive numerous separate cancers
George, if its the end of the EU, do you have suggestions for anything better?
I’m sure he does! (Hint: One World government by the annointed.)
I guess SorAss spells Brussels as “COVID-19” ...
Soros will buy the EU through loans. They will be beholden to him. He will be the puppet master
Doesn’t the old reprobate Nazi collaborator have outstanding arrest warrants in the UK and Hungary? If not, maybe he should! His new address for the rest of his life should be HMP Wormwood Scrubs.
A lot of businesses have died and are not coming back.
Small business is the backbone of this nation.
The former business owners don’t have the capital to open up again. They lost everything.
Mom and pops. Single businesses. Chains...
Every single day more permanent damage is being done.
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