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 ...
I’m more interested in what spells the end of George Soros.
And there you have your silver lining.
The EU is now the New World Order for Soros. Ready to tax directly, having destroyed National identities with destructive immigrants will facilitate the New World Order with a single Fascist State “Elitist Leader”. “Tomorrow the World”.
Soros controls then all through the ‘Open Society’.
Interestingly, he is detested in his native Hungary and the Prime Minister there regularly calls him out.
I will know the swamp is being drained when we stop harboring George Soros from a number of countries that has a warrant out for his arrest.
I think it is “the plan” to break the American spirit.
It’s Soros. He may just be saying it to create exploitable currency fluctuations.
How odd.
Here I thought unrestricted immigration of low-skill, no-skill parasites would be their downfall...
I learn something new every day.
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