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- demicritter, on 04/06/2009, -15/+82Soros made his fortune by bankrupting nation's currencies. He's a pirate minus the eye-patch and wooden leg. He probably has already hedged the currencies and whatever he says will move the market just enough that he can make hundreds of millions of dollars just by opening his pie-hole.
- hockey131, on 04/06/2009, -21/+86He nearly broke the Bank of England with his behind the scene monetary transactions. If you check he has made Millions betting against the dollar. For a guy who hates the USA he sure is making his fortune . I guess he will try buying one of the US States like he did in the former Soviet Union.
- URnotheonly1, on 04/06/2009, -19/+84Well you have been working so hard at it all these years George. Who took the 500 billion George?
- ObamaFTL, on 04/06/2009, -15/+55When will we see the end of George Soros???
- Birdie1111, on 04/06/2009, -23/+52George Soros is an evil man. I hope his interest is peaked by some other country so that he leaves the U.S. alone. He is truly an evil man.
- richmomz, on 04/07/2009, -2/+29I have no love for Soros (and am adamantly against many of his political views) but he did nothing wrong here. The BoE's problems were the result of bad monetary policy, NOT because of Soros' actions - he just saw the writing on the wall and positioned himself to profit from it. Although he made a few billion off the move it was little more than a drop in the bucket of problems that brought down the British Pound.
Now he's seeing the same problems with the dollar, but instead of blaming the people that are REALLY responsible (the Federal Reserve) for bad monetary policy people are once again trying to deflect the blame onto "speculators." - edstate, on 04/06/2009, -8/+35Hasn't he made out like a bandit in the last two years?
- avengingturnip, on 04/06/2009, -4/+29fta - Soros also said the U.S. dollar is under selling pressure and may eventually be replaced as a world reserve currency, possibly by the IMF's Special Drawing Rights, a synthetic currency basket comprised of dollars, euros, yen and sterling.
"I think the dollar is now under question and I think the system will need to be reformed, so that the United States will be subject to the same discipline as is imposed on other countries," said Soros, whose famous bet against the British pound earned his Quantum Fund $1 billion in 1992. "Being the main issuer of international currency, we have been exempt and we have abused that because we have effectively consumed 6.5 percent more than we have produced. That is now coming to an end." - inactive, on 04/07/2009, -5/+29I wonder where he keeps all his money?
Markets are volatile. Debt market is risky. Forex market unpredictble.
Now he is saying whole banking system is insolvent
Does anybody have his address ? - inactive, on 04/07/2009, -14/+34It seems like everyone is bashing Soros and rightly so for his past exploits... But dont dismiss the fact that there is a big cover up going on with Obama , Geithener, and all the big banks. Yes Soros took is piece of the UK money pie ..but where are the crooks that took the big shares of the US money pie? How much did they take? Why havent they been found? Why isnt the government looking?
- AbelZhu, on 04/07/2009, -0/+19Wikipedia it. He is known for breaking the Bank of England. It was the move that defined his career. He hasn't done anything nearly as momentous.
- inactive, on 04/07/2009, -10/+25I wonder how many of the conservatives here complaining about Soros relate his immense wealth and the easy way George obtained it to the folly of Central Banking? Yep, folks, that would mean another "Ron Paul told you so" moment, but you let the media bias sway you, and NOW look what we've got. As ye sow...
- ncnavguy, on 04/07/2009, -5/+18Why the Ad Hominem attacks? Love him or hate him this article seems to be sound.
- zaneperry, on 04/07/2009, -1/+14I read Soros's "The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means." and understand many of the concerns posted above but you can't deny that his predictions are often correct and should be taken seriously.
- SpykerSpeed, on 04/07/2009, -5/+18It's funny how Soros is supposed to be so brilliant but he's basically repeating everything Peter Schiff said 2 years ago.
- AbelZhu, on 04/07/2009, -5/+17He's probably bet against the dollar. He'll be using his "influence" to help him make a quick buck.
- Chordonblue, on 04/07/2009, -12/+24Soros managed to get Obama and the Dems in, and in doing so is helping to bankrupt the rest of us for his aims.
Say what you want about him, but he's not stupid. He spent a LOT of money getting in his men but he'll make many times that because he is prepared for the next stage - U.S. insolvency. - ranold, on 04/07/2009, -7/+19Soros is looking to profit....somehow.
- macmcraeart, on 04/07/2009, -12/+24I'll tell you what is insolvent you ***** douchebag - your pathetic attempt to manipulate the market. Shut the ***** up. People like you who game the system are to blame for our ***** up economy.
- richmomz, on 04/07/2009, -2/+13The problem is with the Federal Reserve's poor monetary policy, NOT with Soros' speculative activities. Actually some would argue that the Fed ITSELF is the problem, but that's a topic for another time.
- NorthMass, on 04/07/2009, -3/+14Peter Schiff has been saying this for years.
- inactive, on 04/07/2009, -7/+17The thing I find most amusing is that Soros is the epitome of the corrupt businessman that the left usually hates with a passion.
But, since he supports leftists, he's swell. Nevermind that he makes his money by shorting entire economies and helps his cause by talking them down (and manipulating the political scene to get people who will ruin the economy in power). - caution, on 04/07/2009, -22/+32Hey. Democrats. I thought you were the party of the poor and oppressed. You better hide these rich bankers who've been on your books for decades before some voters actually pay attention. If so, they might actually vote a third party in to the house or senate or even (gasp) the white house.
- Craig304958, on 04/07/2009, -0/+10Thanks for injecting some nonemotional sanity into the discussion.
- atomheartmother, on 04/07/2009, -8/+18Let me guess...Soros' only solution is nationalization, right?
- NorthMass, on 04/07/2009, -4/+13Come on northwatuppa, what does this partisan slandering do for anyone? True conservatives like Ron Paul, Peter Schiff, and other Austrian economics have been saying this will happen for years.
Why would I listen to a Keynesian like Paul Krugman or Soros over Schiff/Paul? Krugman only predicted the housing bubble, and his solutions to a economy that had too much debt and credit is to expand both. It is like throwing gasoline on a fire, it makes no sense. - Waiting2awake, on 04/07/2009, -5/+13Sad. If you shill for the right, the left hates you and the right loves you regardless of the facts. If you shill for the left, the right hates you and the left loves you regardless of facts.
If however, you point out that both the left and the right have screwed the country and that neither is looking out for the country - You get bashed from both sides...
Keep preaching though - until the US can rid itself of the illusion of the two party system it doesn't have a chance of rising above the current slavery. - Joolz404, on 04/07/2009, -2/+10The economic crisis has been deliberately manipulated by the Federal Reserve with the aim of robbing the american people of property, capital and then eventually offering the solution of one world bank, one world government..... by that time people will be so desperate for a solution that they'll welcome a covert slide toward a more intensified tyranny with open arms.... it's classical fascism.... create the problem, offer the solution.
Obama has been chosen and groomed as the friendly face who will sell us all the idea of a world bank. Already the mainstream media is awash with the rhetoric of "NEW WORLD ORDER". This is the endgame... the wallstreet elite and international bankers who highjacked american politics 50 years ago are now putting their plans in place... They will continue to create legislation that will destroy the freedom that your ancestors fought for unless you KEEP FIGHTING TO RETAIN THEM. Just because Obama is in power doesn't mean the global agenda will be abandoned over night. Alex Jone's new docu The Obama Deception is FREE on Google Video Remember - google is your friend.
Watch it and come to your own conclusions.
Just DON'T become complacent...
DON'T let them pull the wool over your eyes....
and DON'T think that your freedom is guaranteed.... people will try to take it for their benefit.
http://video.google.com/videosearch?q=the%20obama% ... - richmomz, on 04/07/2009, -2/+10It's not his fault - the endless bailouts and failed monetary policy of the Fed are to blame. Further business failures are going to drag things down even further. In fact, GM may already be preparing for bankruptcy: http://digg.com/business_finance/GM_in_intense_ban ...
- outoforder, on 04/07/2009, -0/+7George Soros on Housing Prices June 2006:
http://www.youtube.com/watch?v=PFD_3mZBxD8 - drakelord, on 04/07/2009, -0/+7Currencies trade in pairs on the foreign exchange market (FOREX). For instance, EUR/USD. You can kind of think of it like a weird stock in a odd sort of way.
If the EUR/USD is at 1, then one EUR trades for one USD. If you short it, and it falls to .85 EUR per USD, and then you cover, then you "in essence" borrowed 1 eur for 1 usd, then bought it back at .85, netting a .15 profit.
Its a bit more complicated than that, an active FOREX trader would be able to state it better. But thats the general rundown. - kolobcreek, on 04/07/2009, -0/+7The ***** it ain't. Its high time we found who the winners and losers are.
Time to let the banks start to fail. The economy will recover and a few of us will get deals. And those who have quality home mortgages will be sold off to profitable banks. Giving away money hasn't worked its high time we try this. Depositors will be covered by the FDIC. And if you had a CD or other investment you knew what you were getting yourself into. - neozeed, on 04/07/2009, -6/+13wow what a surprise... lol not.
Come on, it's george bankrupt the GBP soros.
Fear this guy. He is only interested in our downfall. The only "help" he offers is to help himself. - richmomz, on 04/07/2009, -3/+10Not true - he saw when a country was engaging in bad monetary policy and positioned himself to profit from the inevitable drop. The central banks are responsible for the consequences of their bad currency decisions, NOT the speculators.
- Waiting2awake, on 04/07/2009, -0/+7Ajwinder - Everything is overblown until it isn't. What is the definition of slavery?
Definitions of slavery on the Web:
* bondage: the state of being under the control of another person
* the practice of owning slaves
* work done under harsh conditions for little or no pay
wordnet.princeton.edu/perl/webwn
Can you really state that under the two party system, that you aren't under the control of others? Can you really say that the work you do is for the betterment of you and your family, or merely to keep roof over head and food on the table? Which were at least provided by the slave owners, when it was overt slavery, for the work they did in the fields, farms and factories.. But turn it into covert slavery, and we never even know we are slaves - in fact, we become conditioned to just laugh it off instead of critically thinking about it....
By definition you, me and us all are slaves. Just covert slaves. It isn't a nice thought, but the cold hard truth seldom is.
The two party systems hogties the people. Regardless of who they vote for, the same policies are still enacted. What is the definition of when peoples interests don't matter again?
Instead of thinking "it isn't so bad", why not take a look around and see that it is not only that bad, but has been that bad for a very long time - it is just people don't want to see it - so they decide it is a conspiracy theory, or worse, the television decides for them it is a conspiracy theory.
So now I can tell you - it isn't over-exaggeration - it is just an unpopular truth. - inactive, on 04/07/2009, -3/+9Do any of you commenting on Soros actually know anything about the man?
- dtele, on 04/07/2009, -4/+10Will it EVER recover?
- odigity, on 04/07/2009, -1/+7No... it's a topic for right now, actually. The Fed - that is to say, fiat currency and government involvement in money - is the root problem.
- inactive, on 04/07/2009, -2/+8Exactly. It's literally AMAZING how blame gets personified with Soros and totally diluted with the Federal Reserve, as if they are totally unrelated. In truth, the man would NOT have his fortune without a variety of fiat currencies and the central banksters who spawned them. Under the discipline of gold & silver, NONE of the ***** would have happened, but admitting that is too close to admitting that RON PAUL WAS RIGHT.
- richmomz, on 04/07/2009, -0/+6"Soros also said the U.S. dollar is under selling pressure and may eventually be replaced as a world reserve currency, possibly by the IMF's Special Drawing Rights"
The G20 (along with Tim Geithner) just confirmed last week that this is a serious possibility. - inactive, on 04/07/2009, -0/+6FYI... for those who don't know. Soros pioneered Hedge Funds.
- SzaszMan, on 04/07/2009, -3/+9@ jdibiase
Um, actually, questioning Mr. Soros' motivations rather than addressing the content of the article is the very definition of an ad hominem argument. Try a dictionary sometime. - foohookups311, on 04/07/2009, -0/+6Very true. This is why I left the republican party and went libertarian. I cannot vote another republican in just because the republican maybe the lesser of two evils. I have been so sickened by the two party system; I will vote third party even if they can never mathematically win. At least I voted my conscious. I am just hoping that there are as many people out there like me that love their country enough to vote and smart enough to never get swayed by the ultimately defunct two party system.
- inactive, on 04/07/2009, -2/+8Shhhh!! You're getting dangerously close to "Ron Paul Told You So!" territory when you say that!!! ;)
- inactive, on 04/07/2009, -4/+9It's easier to imagine than an end to the Federal Reserve & central banking, even though without the bankster-manipulators Soros would NOT be all that wealthy...
- bigtoes, on 04/07/2009, -0/+5Things have gotten so bad we are turning banks into zombies ! Of all the things we could have turned financial institutions into . We turned them into ZOMBIES !!! GOD DAMN IT !!! ZOMBIES !!!!
- odigity, on 04/07/2009, -2/+7Soros is an evil villainous world-dominating son of a bitch, but he didn't start it. The fact is, if a system is gameable, it will be gamed, and blaming the players won't solve the problem. Get rid of the gameable system - fiat currency. End the Fed.
- regeya, on 04/07/2009, -1/+6Why rephrase it? I read it and nodded right away. It's plain English. If that's not your first language, don't rate it down just because it doesn't make sense to you personally.
- NorthMass, on 04/07/2009, -2/+7Let me guess, everyone who isn't supportive of Obama or other partisan Democrats like Soros/Olbermann/etc is some type of right-wing stooge? Doesn't matter if they are Greens who don't like Obama's views on the 4th amendment and war, doesn't matter if they are libertarians who despise Obama's nanny state philosophy, doesn't matter if they are conservatives who want someone who can balance budgets.
See how foolish it is to paint everyone who disagrees with you as a right-wing stooge? - whorunbartertwn, on 04/07/2009, -1/+6I think google has an article about it too, they've got all kinds of stuff
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