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Old 12-20-2008, 03:34 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,536,508 times
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George Soros, 78, has made billions as a hedge-fund manager and investor. SPIEGEL spoke with him about the current financial crisis, how he expects President-elect Barack Obama to respond to the economic disaster and the responsibilities borne by speculators.


SPIEGEL: Mr. Soros, in spite of massive interventions by governments and federal banks the financial crisis is getting worse. The stock markets are in free fall, millions of people could lose their jobs. More and more companies are in trouble, from General Motors in Detroit to BASF in Ludwigshafen. Have you ever seen anything like it?

Soros: Never. I find the present situation dramatic and overwhelming. In my latest book “The New Paradigm for Financial Markets: The Credit Crisis of 2008” I predicted the worst financial crisis since the 1930s. But to tell you the truth: I did not actually anticipate that it would get as bad as it did. It has gone beyond my wildest imagination.





(remainder of interview at SPIEGEL Interview with George Soros: 'The Economy Fell off the Cliff' - SPIEGEL ONLINE - News - International )

Last edited by Waterlily; 12-20-2008 at 06:26 PM.. Reason: copyright issues
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Old 12-20-2008, 03:52 PM
 
Location: down south
514 posts, read 1,455,745 times
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Americans are an strange crowd, all the have are tens of thousands of debt, they have been chewed up and screwed up by rich and powerful god know how many times. Yet every time the rich and power preach the supposedly infallible gospel of free market, the same people soaked in debt will also fall in line in no time to enthusiastically support policies and measures that are detrimental to their interests.
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Old 12-20-2008, 05:17 PM
 
Location: Great State of Texas
86,068 posts, read 74,693,967 times
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Quote:
Originally Posted by eatfastnoodle View Post
Americans are an strange crowd, all the have are tens of thousands of debt, they have been chewed up and screwed up by rich and powerful god know how many times. Yet every time the rich and power preach the supposedly infallible gospel of free market, the same people soaked in debt will also fall in line in no time to enthusiastically support policies and measures that are detrimental to their interests.
And the term for that is "sheeple".
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Old 12-20-2008, 05:22 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,536,508 times
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Quote:
..... Yet every time the rich and power preach the supposedly infallible gospel of free market,....
Well, Soros is rich and powerful, but he's preaching something very different from that here.
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Old 12-20-2008, 07:29 PM
 
28,453 posts, read 73,421,830 times
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Default Things must really be hard...

You'd think that with "his guy" in the White House, his massive market positions against the USD, and his well known bottomless of dough Soros would be OK, since he HAS A BOOK TO HAWK things must REALLY be bad...
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Old 12-20-2008, 08:38 PM
 
12,869 posts, read 13,428,626 times
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i think the foreward of a soros book is very interesting:
George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game.
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Old 12-22-2008, 10:58 AM
 
11,836 posts, read 25,883,888 times
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I wonder what role Soros & the Rothchild family are playing in manipulating events?
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Old 12-23-2008, 04:36 AM
 
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i think soros has plenty to do with manipulation. he advocated for recapitalization of the banks with the bailout money and now pretends that he did not. (i can find the story if needed) he supported obama and he funds the center for american progress which is the source of our bailout plan that we will be implementing. all of the key players are the same, or nearly the same, except the president. the rothschild family was smart enough to sell their business and soros was smart enough to bail out when he did. anybody can look him up and see what he did to the bank of england. he is certainly not a man to be trusted.
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