Soros Warns of “Economic Collapse,” Nations Leaving Euro

Gold Alert ^ | 06/27/11

[TigerLikesRooster]

Soros Warns of “Economic Collapse,” Nations Leaving Euro

Monday, June 27, 2011, 1:21pm EDT Written by GoldAlert Staff.

nations leaving euro

George Soros warned of an international economic collapse and several nations leaving the euro currency at a panel discussion in Vienna, Austria this past weekend.

Soros, the legendary investor who ran the Quantum Fund with Jim Rogers, stated that “There’s no arrangement for any countries leaving the euro, which in current circumstances is probably inevitable. We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable,” according to a Bloomberg report.

“I think most of us actually agree that” Europe’s crisis “is actually centered around the euro,” Soros continued. “It’s a kind of financial crisis that is really developing. It’s foreseen. Most people realize it. It’s still developing. The authorities are actually engaged in buying time. And yet time is working against them.”

[Buckeye McFrog]

Which is something that certainly was not part of Soros’ master plan. So you aren’t all-powerful after all, eh, Georgie Boy?

He is right however. The Greeks will literally set their own country on fire before they’ll accept an IMF austerity plan.

[Old Teufel Hunden]

"I think most of us actually agree that” Europe’s crisis “is actually centered around the euro"

Well duh! That's quite obvious. His solution is one that is equally obvious, a centralized bank to control the monetary policy. However, what is left unsaid is that the next step to that is a centralized government that controls the economic policy of all EU member states. You can't have a single currency without these other elements.

I hope his other prediction comes true. That countries will start leaving the Euro. It would be the best policy. If Greece did not have the crutch of the Euro and being part of the European union, they would have to shape themselves up.

[de.rm]

"Nazi's, . . I hate nazi's."

[painter]

Bump for later

[Mind-numbed Robot]

You have him analyzed correctly but he said the same thing in 2004 about defeating Bush. However, now he has even more phony voters and election fraud schemes working for him, including plans for most Democrats to crossover and elect our candidate again. Once we have a candidate we must work really hard to turn out and elect them regardless of who it is.

[Malesherbes]

Spooky Dude has company. Wolfgang Schauble, the German Finance Minister, said this weekend that they are “preparing for the worst.”

Greece will default. That’s in the cards. It’s what comes next that could set off a tsunami.

[ScottinVA]

I’d like to hear of a Soros collapse.

[ilovesarah2012]

I have said for a long time I am surprised Soros hasn’t made the wrong people very angry.

[Go Gordon]

Why not just send Bernanke over there with his printing presses to pump out Euros and pay off the debts of Greece, Spain, Portugal and Ireland?

[itssme]

For all the chaos and damage this POS has caused, why hasn't one of his victims made a move to remove Soros in any way, shape or form? With all of the technology and agents trained to do this kind of work, why have we not heard anything on the subject?

His turn WILL come, and it must be soon.

[Lucky9teen]

You said it!

[GOPJ]

I suspect his plan is to milk money out of the misery of failing countries - and maybe help by pushing a few off the cliff...

[Mariner]

"He is right however. The Greeks will literally set their own country on fire before they’ll accept an IMF austerity plan."

Like we wouldn't?

[BigEdLB]

Soros Sez-


And when I get the chance we'll put all viable Republicans into Carbonite, thus insuring Obama's re-election. Let em have Gary Johnson or Ron Paul LOL

[Southack]

Soros acts as though this is news...in reality the plan since 1997 was:

Step #1: create a non-soveriegn currency (i.e. Euro)
Step #2: move all soveriegn debt into new non-sovereign currency
Step #3: default on non-sovereign currency/debt
Step #4: return each state back to their former sovereign currencies

The above accomplishes a debt default without the fallout that Russia saw from its sovereign debt default in 1998. However, in hindsight, perhaps Russia was the smart one to do the bad deed openly and fast, Machiavellan-esque.

[Southack]

"The Greeks will literally set their own country on fire before they’ll accept an IMF austerity plan."

Mere theatrics from beggers for the pleasure of their lenders. "Oh, we'll riot if you don't loan us more money."

[AnAmericanAbroad]

Post of the day.

Soros is 100% right on this one, though it may be painful to admit. Even the EuroBanksters admit, there is no Plan B. Somewhat silly, if you ask me.....planning for contingencies is the oldest rule in the book.

[Publius Valerius]

His end game is a global central bank with a single global currency-issuing power.

If that's his plan, it's not going to happen anytime soon. If anything, the failure of the Euro would be a giant step in the opposite direction. A global currency, if it could ever exist in light of the events of the past few months in Europe, requires the Euro to be saved.

[Travis McGee]

A global single currency would only happen on the back side of a global economic collapse, wars, famines, etc. But I think that is what they are angling for. In Lenin’s words, “The worse, the better.” (For imposing a socialist system rapidly by force.)

[Travis McGee]

Mere theatrics from beggers for the pleasure of their lenders. "Oh, we'll riot if you don't loan us more money."

And after they riot, loot and burn...then what?

Like a child holding its breath and stamping its feet.