Face of the devil.
Ping
So George when your brothers let you go to England that was not a financial crisis????
Soros made his fortune taking down the British pound sterling in the ‘80s. Now he is working to take the US dollar down, ruining the US economy in the process. He doesn’t care that many millions of people will suffer as long as he can get his ego trip and power fix. He won’t live long enough (thankfully) to spend all his money.
Yet, CNBS’s Maria Bartiromo gave him an adoring interview last week to sell his book to propagate his poisonous prognostications, and the NYT is promoting him as a seer this week. The Left hates America and loves the haters of America.
What we should have done is deport this ingrate instead of taking this snake to our bosom. When will a Congressional committee haul his butt to D.C. to ask him pointed questions about currency manipulation? They summon oil company execs, who do produce a product we can’t live without, every time they want a photo op. Soros’s venomous speculation with his hedge fund has done as much damage to the economy and produced nothing but grief.
This guy seems hell bent on the destruction of the country that gave him the freedom to amass a fortune. Does he want to remake us in the image of his native Hungary?
A few things strike me about Soro’s prophesy:
- First, he states that this “supperbubble” has been building for the past 25 years. His buddy and close political ally, Bill Clinton, was President for over 30% of the last 25 years. Why didn’t Soros get Clinton to do anything?
- If this “superbubble” has been building for 25 years now, why is this the first time Soros is just now coming out of retirement and saying this?
- There is a US election in a few months. Soros has a clear agenda to now help spook the markets to help the Democrats - with the willing assistance of the MSM.
- Soros has a book to sell, and this also helps get out the Dem message.
All that money did not buy him any smarts.
Nada.
He doesn't manufacture anything. He doesn't produce any works of art. He doesn't make anyones life better without making someone else's life poorer. In short he doesn't produce anything.
Or in other words, he doesn't make more pie. He takes other peoples pie by betting against them. He lives off other peoples production. Not much to be proud of...
George Soros is EVIL INCARNATE!! He destests AMERICA and he and Warren Buffet wwere shorting the dollar years ago!!
“Gee... It sure would be too bad if he was to have some kinda accident or sumtin’.”
Just read through the first 17 posts. Predictably Soros is bad. So What?
This is a story about money, not morality.
In the financial game the score is kept with money. Soros made a lot so by definition he was right.
Past performance is no guarantee of future returns, but it does tell you a lot about a persons ability to play the game.
The stupidity of leftists is shown by the fact that they rail against corporate capitalists, but they praise this amoral money manipulator.
The difference is that Soros gives them money.
Actually, I agree with Soros on one point here. There is a superbubble that will be bursting soon in the USA. Perhaps a better word for it than burst is boom. Baby Boom, that is.
I suggest for your reading a couple of books by investor Harry S. Dent. The first one was written back in the early 90s and is called the Great Boom Ahead. The second was written in 04 or 05 and is called The Next Great Bubble Boom. Both detail his predictions for the economy long-term. One of the things he focuses on in both books is the effects of demographics connected with different sectors of the economy. He especially focuses on spending patterns related to the Baby Boom generation. This generation essentially came in 3 waves with the last of the 3 being the largest. That last wave has just now gone past its peak spending age. Demographically, we are set for an economic slowdown.
I really hate that I am in agreement with him on this particular issue, but I do believe that he is correct. There are other forces at work that he does not see, but the demographics do back up his superbubble remark.
One factor that weighs against the Dollar is that all dollar account in non-US banks really reside in that bank's account of in their correspondent US bank. All it takes is the signature of a single federal judge to seize that account. At order could come because of civil litigation or because the accountholder ran afoul of US law even though he never set foot in the US, only his money did.
The seizure factor alone is, IMO, responsible for Iran (a nation documented to fund terrorist groups) to selling its oil in Euros. Hugo Chavez had millions seized in a civil dispute with a US oil firm.
Euros are harder to seize because of jurisdiction issues among the many banks that operate correspondent accounts for non-Euro banks.
Translation: I envsion a time when it will be harder for people to be like me.