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 ...
We can only hope.
Taking more money from the people weakens their ability to resist being controlled. The increase tax plan in order to sustain the globalist’s dream of a borderless Europe has been in play all along. IMO, the CV-19 was orchestrated to be used to trigger the globalist’s NWO take over. The globalists have used wars to change the social structure of countries but the next war will go nuclear and that would negatively effect even the wealthy ruling elite globalists. War is their last resort and it will never be ruled out.
I agree, the lock down has been devastating to entrepreneurs. We never should have locked down the economy. We should open back up immediately.
But it will come roaring back to fill the vacuum left by the financial carnage. The United States will lead the way, as always.
He probably shorted the EU!
Yep...what you said. And just how much HCQ/Zinc/AZT is Georgie taking these days...
Who cares what a One World Government /hate Trump/ worm thinks?
I speak from terrible experience
My thoughts....
Recessions weed out marginal businesses. This recession will be the same. Some will be reinvigorated. Some will start over. and, many former employees will take a chance and start their own business
The result will be new and different very small businesses that thrive by trial and error.
Banks are important. Those businesses judged to be fit will be provided loans.
In the current situation, Banks are forced to provide bad small business loans with government guarantees. They will have the headaches caused by the inability to repay the borrowed money.
Loan officers knew this and used up all the money on those deemed credit worthy. Those deemed marginal were not funded
Based on what I we see in the democRAT-ruled blue states with their governors' dictatorial lockdowns and arbitrary authoritarian picking of winners and losers, this corona virus could spell the end of these United States as well, if it weren't for the leadership of Donald Trump riding roughshod over these liberals.
We are only getting a small peek into what life in America would be like if the democRATS controlled everything. Ego and ideology driven punitive policies to control the population and to penalize the "subjects" they think they "rule" be executive fiat.
There is no problem that cannot be solved with more taxes!
Soros will be exempt, of course.
But according to the ProgTrads the Wuhanic Plague is the sole cause of death for everything.
Anyone notice how none of the elites (e.g. Soros, Kissinger, etc.) are falling to Coronavirus?
Given his past, no doubt SorosIdiot has serious money hedged upon this outcome.
HAHAHA!
This virus has exposed the EU to be the complete farce that it is. It has done NOTHING to help member states. It’s nothing more than centralized economic planning that picks winners and losers while enriching the un-elected politicians. It’s a damn cartel.
Now Soro’s thinks having a direct tax of the citizens of all these countries is needed? Wow, that’ll go down well. Collapsed economies, a non-existent EU emergency response, capped off with new taxes - lol.
The EU is history, now everyone can see it is *nothing* like a ‘United States of Europe’. It was always fascistic, founded by Nazi’s.
There’s always a silver lining...
The doomsayers are of course the very doomdoers who have created this mess. Given how easily they crashed the global economy and got everyone cowering in their homes, all liberties suspended and the ideas of increased surveillance and control, with an at least de facto forced en route, I don’t see them loosening their grip soon or easily.
The doomsayers are of course the very doomdoers who have created this mess. Given how easily they crashed the global economy and got everyone cowering in their homes, all liberties suspended and the ideas of increased surveillance and control, with an at least de facto forced en route, I don’t see them loosening their grip soon or easily.
How do you know “they won’t come back”? Some small businesses go broke every day even in the best economic times. The people survive by taking a job and/or later reopening a business.
Spot on socialism and one world government both take a hit.
Are there no good men able to permanently silence this oxygen thief !
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