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Soros Speaks

Tyler Durden's picture




 

Unlike the last time a bunch of men gathered at Bretton Woods to determine the monetary fate of the world and set the stage for globalization, this time around the prevailing activity was a casting call for the role of the new Emperor Palpatine. Yet despite that (or maybe because of) George Soros appeared in full Open Society regalia and spoke to Bloomberg TV about how importing foreign asset collateral (also known as exporting debt) through "globalization" is still the name of the game. And obviously while the Hungarian billionaire would not disuss the true purpose for his presence in Bretton Woods, he did have some words of caution for China bulls: "while the big banks under direct central control are in fact refusing to
lend, there is a shadow banking system that is growing out of control.
There is a real danger there of wage price inflation because prices have
gone up, particularly real estate prices have gone up because there was
a real estate boom." But to those concerned about the key issue at play, namely the future of the reserve monetary system, some could interpret the following statement by Soros, as a tacit agreement that the end of the dollar is fast approaching: "cautionary words for the dollar: "There's a big question whether the U.S. dollar should be the main
reserve currency and in fact it no longer is because it maybe accounts
for two-thirds of the monetary reserves. The euro is an alternative and
there's a lot of diversification into other currencies and even more
into commodities. Not only gold, but actually oil is now an asset class
for investors.
That has put some upward pressure on the commodities." Of course what actually is decided in B-W will be made clear over the next year or so, once the decision makers have already placed their bets accordingly and pull the rug from under the market.

On stimulus vs. austerity and whether U.S. debt impacts the world:

"If you have a growing economy, you can tolerate a higher level of debt. And if you have too much debt and you have a recession, you get into what they called debt check. This is the big issue. "

"I am afraid it is overshadowed by political considerations. You have a financial crisis in Europe. There is the pressure of Spain and Portugal and so on. But debt is a different problem. Those countries are part of the European bloc and they are not in a position to issue their own currency. We can issue our own currency. In fact, the dollar is quite strong. It is really a matter of political judgment. That is where you have different opinions.”

"There is very a strong push to tighten the budget as a way to reduce government spending. It's a resistance to any kind of tax increase and tightening, particularly the budget of the states. The [U.S.] states cannot issue their own currency. They are in a similar situation to Spain and Portugal. There is a danger that by pushing this too far, you could abort the very fragile economic recovery that you are currently enjoying and push the economy once again into a slowdown or a recession."

"I rather fear these political forces will push it into a recession. In my opinion, the country could actually absorb some more debt in order to get the economy going.”

On the ECB vs. the Fed - who is doing it right?:

"Two different directives govern the European Central bank and the U.S. Federal Reserve. In the case of Europe, it's a one-sided directive. Their only job is to prevent inflation, and in the case of the U.S., it is more balanced, to maintain employment and financial stability."

On whether the U.S. dollar is still a safe asset:

"There's a big question whether the U.S. dollar should be the main reserve currency and in fact it no longer is because it maybe accounts for two-thirds of the monetary reserves. The euro is an alternative and there's a lot of diversification into other currencies and even more into commodities. Not only gold, but actually oil is now an asset class for investors. That has put some upward pressure on the commodities."

On whether the sovereign debt crisis has diminished euro's chances of becoming a reserve currency:

"The euro is under a cloud, but that is exactly because there are some inflationary pressures from the price of commodities, particularly now oil and also food prices have risen. That is what has induced the European Central Bank to raise interest rates at a time which is, in my opinion, quite inappropriate…It is not appropriate in current circumstances when you have a number of countries that are suffering from too much debt and high interest rates that they have to pay."

On China's economy:

"China has really stimulated its economy full force very successfully and now it is trying to rein in the rate of growth, and is exercising very strong constraints on the banking system. But because of that constraint, and because of the big demand for money, a shadow banking system has arisen and is growing very rapidly. So while the big banks under direct central control are in fact refusing to lend, there is a shadow banking system that is growing out of control. There is a real danger there of wage price inflation because prices have gone up, particularly real estate prices have gone up because there was a real estate boom."

"Therefore, wage demands have risen, and we now have 20%, 30% wage increases. The Chinese government has made a mistake not allowing its currency to appreciate, which would have controlled the price of inflation. Instead of that, we now have this wage pressure, which is a little bit out of their control."

On the Chinese economic approach and whether they did something right:

"[The Chinese] were the major beneficiaries of globalization. They were the big winners in the financial crash because their economy was largely isolated because they have capital controls on their currency. They have a two-tiered currency system, whereas the rest of the world allows free movement for capital, and you had a runaway expansion of credit and leverage which then resulted in the financial crash, and China was largely immune. So, they benefited tremendously."

"Their system, which really stands in contrast to the international system, international capitalism with free movement of capital, and then there is a system where the state controls the economy. That system actually has performed significantly better than the international system. So now it is beginning to be imitated by others, but I think it is a tremendous mistake, because that was just one particular set of circumstances when it worked better. They had an advantage because they were the only ones that were controlling capital flows. So as a result, they not only control their own currency, they effectively controlled the world currency system. Now other countries, defensively, are beginning to follow them. For instance, Brazil just doubled the surcharge on capital inflows. That is not good for Brazil, and it is not good for the global economy."

 

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Fri, 04/08/2011 - 17:32 | 1151651 bania
bania's picture

Palpatine! It's so obvious. How did i miss this before?

Fri, 04/08/2011 - 17:45 | 1151691 Missing_Link
Missing_Link's picture

+1

Fri, 04/08/2011 - 18:03 | 1151754 Highrev
Highrev's picture

Of course what actually is decided in B-W will be made clear over the next year or so, once the decision makers have already placed their bets accordingly and pull the rug from under the market.

I'll watch the clip tomorrow.

Fri, 04/08/2011 - 18:58 | 1151924 malusDiaz
malusDiaz's picture

 

WilliamBonzai7!!!

 

SOROS(PALPATINE) + LIGHTING!!!!

Sat, 04/09/2011 - 11:35 | 1153234 Don Birnam
Don Birnam's picture

Emperor Palpatine.

Perfect. Indeed yes, that rictus grin of George Soros bears close resemblance, doesn't it ?

http://cache.gawkerassets.com/assets/images/12/2008/03/medium_Emperor-Pa...

Fri, 04/08/2011 - 17:46 | 1151696 Ahmeexnal
Ahmeexnal's picture

Somebody ought to carve a swastika on Soros fat, greasy, ugly, old, repulsive forehead.

Fri, 04/08/2011 - 18:26 | 1151814 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Soros is very dangerous.

Fri, 04/08/2011 - 18:53 | 1151899 Buckaroo Banzai
Buckaroo Banzai's picture

They don't call him "The Black Hand" for nothing. I'm pretty sure he has a dungeon where he slaughters babies and drinks their blood.

Well that's what I was told, anyways.

Sat, 04/09/2011 - 10:22 | 1153027 falak pema
falak pema's picture

buckaroo on kangaroo march. He is more "back hand" that black hand. He knows how to pull the pants down of arrogant central banks who ignore the market. But from there to pretend he is a Sauron and is looking for his ring to become Sauron- infinity in another thing. He has no say in how the world is run. He is a renegade who got rich and now looks for respectability by playing at 'The Count of Monte Christo' showing up all the bad guys..like Bernanke and JCT. All the while he tears into their over exposed currencies. See the reality from the shaded virtuality and you will understand that Dark Vador is the invention of kinky minds looking for dinky clients who love the stories of blood sucking leeches. Suck away, suck away...

If you know John Le Carre, then you know his new book..about the likes of Soros :

"Our kind of traitor", sums it up perfectly. Buccaneers and financial pirates alike, kings of the City and WS, like they used to be of the Waves from "Rule Britannia days".

Sat, 04/09/2011 - 11:49 | 1153246 Bob Paulson
Bob Paulson's picture

According to Lyndon LaRouche, George Soros is British Intelligence and an agent of the Rothschilds.

Sat, 04/09/2011 - 11:58 | 1153256 cosmictrainwreck
cosmictrainwreck's picture

consider the source. that said, George don't work for nobody but George

Sat, 04/09/2011 - 16:16 | 1153750 JR
JR's picture

Renegade?  What makes us think that Soros is the least reputable of attendees at Bretton Woods. These men who would steal the world’s resources, who would destroy the future of families worldwide, who would actually corrode their own nations for pocketfuls of coin over the innocents worldwide are exactly on the same moral level with Mr. Soros.  He’s perhaps more well known,  not as a renegade, but as a criminal insider and mover.

The good news here is that the discussions of these men have a purpose that now is well known, unlike at Jekyll Island and Bretton Woods 1944.  These men, my fellows, are our enemy and the enemy of the future of freedom for mankind throughout the world.  And their face is Soros.

And included in their goals, which they are now bringing to fruition, is a one world currency issued by the IMF/World Bank – as planned at Bretton Woods I.

Here is an excerpt of the Soros Plan, outlined March 29 in the WSJ by Dan Gainor of Media Research Center:

“Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start - and no one seems to have noticed.

“On April 8, a group he's funded with $50 million is holding a major economic conference and Soros's goal for such an event is to 'establish new international rules' and 'reform the currency system.' It's all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for 'a grand bargain that rearranges the entire financial order.'

“The event is bringing together 'more than 200 academic, business and government policy thought leaders' to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund. Soros wants a new 'multilateral system,' or an economic system where America isn't so dominant.

“More than two-thirds of the slated speakers have direct ties to Soros. The billionaire who thinks 'the main enemy of the open society, I believe, is no longer the communist but the capitalist threat' is taking no chances.” ...

http://online.wsj.com/article/SB1000142405274870447190457622902353642441...

Sat, 04/09/2011 - 20:19 | 1154058 Rahm
Rahm's picture

Buy IQD.

Fri, 04/08/2011 - 19:31 | 1152003 Eric Cartman
Eric Cartman's picture

Wage inflation means peoples salary goes up right? How is this a bad thing for average people?

Sat, 04/09/2011 - 03:33 | 1152948 BorisTheBlade
BorisTheBlade's picture

Good laugh, it's nice for a change to come across someone who still thinks that it is a wage inflation, muahahaha

Fri, 04/08/2011 - 19:35 | 1152014 ghostfaceinvestah
ghostfaceinvestah's picture

the single most dangerous and evil man in the world (well, maybe #2 after Benocide)

Fri, 04/08/2011 - 18:48 | 1151888 frenchie
frenchie's picture

ironic

he is a jew

Fri, 04/08/2011 - 18:51 | 1151898 sabra1
sabra1's picture

that's right, and he handed jews over to the nazis! if i were him, i would be very afraid of dying! 

Fri, 04/08/2011 - 23:57 | 1152726 Anonymouse
Anonymouse's picture

It's true.  He's said as much.  In fairness, as much as I despise the man, it was at age 14 (or so) and while under Nazi control and in hiding as a Christian. I'm not sure many would have done differently.  Takes a lot of guts for anyone to stand up to danger, much less a boy

 

What's more vile is his attitude about it.  "If I didn't someone else would have."  Nothing personal, it's just business.  That's got to mess up your mind.  Even scarier would be if it didn't mess up your mind.

Fri, 04/08/2011 - 21:48 | 1152434 EvlTheCat
EvlTheCat's picture

-1 junk frenchie

Fri, 04/08/2011 - 21:30 | 1152361 Homey Da Clown
Homey Da Clown's picture

spooky dude as Beck calls him. The man is evil

Fri, 04/08/2011 - 21:52 | 1152443 EvlTheCat
EvlTheCat's picture

-3 junks, and as I assume more will pile up on you!  -n junks.

Fri, 04/08/2011 - 18:10 | 1151768 Farcical Aquati...
Farcical Aquatic Ceremony's picture

George Soros appears to have junked you.  George, stop hiding behind junks.  You could've at least responded to the man.  Or shot him with Force lightning.

Fri, 04/08/2011 - 19:19 | 1151978 macholatte
macholatte's picture

 

Palpatine looks for a job.

http://www.youtube.com/watch?v=eTkQ2mnn-ZE 

 

 

 

Sat, 04/09/2011 - 00:03 | 1152747 wisefool
wisefool's picture

That is pure comed(Tepco). We can laugh at ben bernake. Or we can mourn for the miners who hual shiny metal out of the ground.

For me. I contemplate suicide from a vegitarian point of view. Time to cut some silent scream grass to put rice in my belly.

For all you rice lovers, go eat aparagus. They not only lack the vertebrate gene, but they actually lack the gene to be a plant. code words. Kill. Kill. Kill all asparagus.

Fri, 04/08/2011 - 21:30 | 1152367 Twindrives
Twindrives's picture

Just die already you greedy old fucker.  Take Warren Buffett and Charlie Munger with you.

Mon, 04/11/2011 - 17:24 | 1159147 Geoff-UK
Geoff-UK's picture

Sad thing is, if you played "The Emperor's March" from Star Wars every time Soros walked into a room, he'd ENJOY it.

Fri, 04/08/2011 - 17:34 | 1151654 Yen Cross
Yen Cross's picture

I'll listen with baited breath. The global fossil, speaking about the legacy of Socialism!

Fri, 04/08/2011 - 17:50 | 1151711 Ruffcut
Ruffcut's picture

Soro's speaks.

Soro's speaks out.

Soro's speaks out his ass.

Shriveled up old raisin like greedscum.

Fri, 04/08/2011 - 18:17 | 1151799 cosmictrainwreck
cosmictrainwreck's picture

a veritable "used-to-be" aka "has-been" but can't [won't] see it....

Fri, 04/08/2011 - 18:29 | 1151832 IQ 145
IQ 145's picture

 It's bad for Brazil, and bad for the world" How the fuck does he know?  Mainly, Brazil is not "playing the game"; there's a good chance this is just fine for Brazil; despite the pontification of the mouthpiece for the NWO.

Fri, 04/08/2011 - 19:18 | 1151979 1fortheroad
1fortheroad's picture

Delma is bought and paid for.

Sun, 04/10/2011 - 00:05 | 1154393 weinerdog43
weinerdog43's picture

It's 'bated', not 'baited' dumbass. 

Fri, 04/08/2011 - 17:36 | 1151660 High Plains Drifter
High Plains Drifter's picture

Glenn Beck is going to have a field day with this one...........

Fri, 04/08/2011 - 21:22 | 1152332 mtomato2
mtomato2's picture

He has been telling his audience about this gathering for a week now.  You're way behind.

Fri, 04/08/2011 - 17:38 | 1151662 gunsmoke011
gunsmoke011's picture

The Real Question is - How does this dude remain alive?

Fri, 04/08/2011 - 17:39 | 1151670 Yen Cross
Yen Cross's picture

Obama Care!

Fri, 04/08/2011 - 17:38 | 1151674 High Plains Drifter
High Plains Drifter's picture

he is in the club.

Fri, 04/08/2011 - 17:42 | 1151683 Dr. Porkchop
Dr. Porkchop's picture

He's on the same program as Keith Richards perhaps.

Fri, 04/08/2011 - 17:46 | 1151695 gordengeko
gordengeko's picture

He is a vampire.

Fri, 04/08/2011 - 18:40 | 1151855 Rodent Freikorps
Rodent Freikorps's picture

I was gonna go with zombie.

Fri, 04/08/2011 - 19:48 | 1152052 gordengeko
gordengeko's picture

No, zombies are the things vampires want to create.  Soulless maggots creating soulless servants to do their bidding and maintain their lifestyle while they do their secret twisted shit in the shadows.  Like human, drug, sex and organ trafficking.  This whole fucking system is coming apart at the seams.  Fuck the British empire and their ancient phoencian banking system!

Sat, 04/09/2011 - 05:00 | 1152983 slewie the pi-rat
slewie the pi-rat's picture

buffy wld be crushing his windpipe with her fabulous thighs, right now;  driving the stake into the souless heart of the empty, twisted, vacant void. 

Fri, 04/08/2011 - 17:47 | 1151704 HamyWanger
HamyWanger's picture

He's a "zionista", according to bigot libertarian conspiracists, so he must sleep in a secret hibernation chamber at Denver Aiport. 

Fri, 04/08/2011 - 17:54 | 1151729 gordengeko
gordengeko's picture

God loves you.

Fri, 04/08/2011 - 20:40 | 1152211 Escapeclaws
Escapeclaws's picture

Who?

Fri, 04/08/2011 - 21:59 | 1152394 gordengeko
gordengeko's picture

to quote tupac's song blasphemy.

 "We probably in Hell already, our dumb asses not knowin

Everybody kissin ass to go to heaven ain't goin
Put my soul on it,....

-- Babylon beware
Comin from the Pharoahe's kids, retaliation
Makin legends off the shit we did, still bullshittin
Niggaz in Jerusalem, waitin for signs
God promised, *she's* just takin her time, haha...

...I live decent, hope God can see my heart is pure

Is heaven just another door?"

Tupac had mad intelligence and it was evident in the majority of his music.  

Fri, 04/08/2011 - 21:21 | 1152334 mtomato2
mtomato2's picture

Actually, I'm not sure that He does.

Fri, 04/08/2011 - 18:07 | 1151763 Pez
Pez's picture

I spent a week there one night.

Fri, 04/08/2011 - 18:47 | 1151884 nmewn
nmewn's picture

He's a demented, cowardly, evil, sick bastard....there's a special place in hell waiting on this hemmoroid of humanity.

Speaking on his collaboration with the Nazis;

"Well, of course I c--I could be on the other side or I could be the one from whom the thing is being taken away. But there was no sense that I shouldn't be there, because that was--well, actually, in a funny way, it's just like in markets--that if I weren't there--of course, I wasn't doing it, but somebody else would--would--would be taking it away anyhow. And it was the--whether I was there or not, I was only a spectator, the property was being taken away. So the--I had no role in taking away that property.So I had no sense of guilt. (George Soros, 60 Minutes interview transcript, December 20, 1998)"

It was just business eh George?...giving names, addresses and occupations of those who the Nazis were hunting for...really, just kind of a "human market".

Fri, 04/08/2011 - 19:23 | 1151988 1fortheroad
1fortheroad's picture

Hitler was played for the fool that he was.

Fri, 04/08/2011 - 20:45 | 1152229 nmewn
nmewn's picture

Hitler was a demented, evil, cowardly fuck just like Soros...although I'm quite sure they never met...yet.

Soros uses the same social tactics as Hitler...division/boogeyman politics...Soros came of age in that time frame...that is, a very impressionable time for any youth (cool uniforms, trains run on time, ultimate state power...just join and go with the flow, propaganda audio/visuals of divine right & superior purpose etc.).

Soros was a fascist and remains a fascist.

In the end, Hitler died a one testicaled corporal as was his military experience & training, who didn't even have the balls (obviously...LOL) to kill himself, at the head of a gang of beer hall bully's who destroyed their country yet again while seeking (for the apologists) vengeance for Versailles under some Teutonic Knight paradigm.

As an aside...his predecessors also thought it a grand idea to turn on the printing press to escape the bone crunching velocity of debt...to their "credit" (from what I understand of Germany today) they have gotten over that idiotic concept, though I'm not versed in the macro of the country's finances. 

Fri, 04/08/2011 - 21:12 | 1152295 New_Meat
New_Meat's picture

Niederhoffer used to work as a trader for Soros, interesting and well before I knew about Soros' political ... er ... bent.  Of course, the genius blew up in the '97 Tiger implosion:

http://www.abebooks.com/servlet/SearchResults?sts=t&tn=%22education+of+a...

he posts at http://www.dailyspeculations.com/wordpress/ , mathy, sometimes good.

Point: Neiderhoffer was bragging about finances and Soros took his account apart like a chicken, looking for fraud.

- Ned

{I'm thinking that Soros didn't quite bag Beck this week, but, well, we'll see.  Interesting May coming up.}

{{u take care of u and yours}}

Fri, 04/08/2011 - 21:52 | 1152447 nmewn
nmewn's picture

Now there's something to delve into tomorrow after the double header...thanks Ned.

"{{u take care of u and yours}}"

You do the same my brudah...keep it tween the ditches & in yo britches ;-)

Fri, 04/08/2011 - 22:19 | 1152510 EvlTheCat
EvlTheCat's picture

+ infinity

Fri, 04/08/2011 - 20:54 | 1152251 Mossy
Mossy's picture

Liberals, skinheads, and fascists use the word "Zionist". Libertarians don't.

Sat, 04/09/2011 - 00:09 | 1152758 Andy Lewis
Andy Lewis's picture

Make that

some liberals

 

 and I'd agree.

Fri, 04/08/2011 - 22:10 | 1152485 savagegoose
savagegoose's picture

fresh blood form all those aborted chinese babies

Fri, 04/08/2011 - 17:38 | 1151663 Infinite QE
Infinite QE's picture

When demons age, their human overlay just fades away to reveal the truth.

Fri, 04/08/2011 - 17:45 | 1151687 gwbrennan
gwbrennan's picture

Best comment I've read on here today.

Fri, 04/08/2011 - 17:57 | 1151745 Infinite QE
Infinite QE's picture

Thank you kind Sir.

Your payment in siler eagles is in the mail.

Fri, 04/08/2011 - 18:27 | 1151816 DoChenRollingBearing
DoChenRollingBearing's picture

We wish!

+ $14.81

Fri, 04/08/2011 - 18:34 | 1151845 Infinite QE
Infinite QE's picture

Silver's been on a tear. Silver e-minis are making me very very happy. Getting a wee bit antsy at this level.

Been thinking we get a correction around $42. But if we clear $42.50 or so and hold for a few days, we'll pop $50 before we get any meaningful correction. Or not! LOL!

Fri, 04/08/2011 - 22:04 | 1152469 DeadFred
DeadFred's picture

$45 real quick then $43 even quicker.

Fri, 04/08/2011 - 18:42 | 1151859 Rodent Freikorps
Rodent Freikorps's picture

You can see the imp-like bat ears on Obama.

Something always gives it away.

Fri, 04/08/2011 - 18:45 | 1151869 Infinite QE
Infinite QE's picture

He will not age well. The Mrs. will be much worse.

Fri, 04/08/2011 - 19:29 | 1152004 1fortheroad
1fortheroad's picture

Thats the hell he will have to pay

Fri, 04/08/2011 - 21:14 | 1152299 New_Meat
New_Meat's picture

find the story about the demo convention when he was "broke"

Fri, 04/08/2011 - 21:23 | 1152341 mtomato2
mtomato2's picture

Hell of a good comment.

Fri, 04/08/2011 - 17:37 | 1151667 Yardfarmer
Yardfarmer's picture

In fact, the dollar is quite strong.

now that's true brilliance!

Fri, 04/08/2011 - 17:39 | 1151677 Yardfarmer
Yardfarmer's picture

In my opinion, the country could actually absorb some more debt in order to get the economy going.”

even better!!

Fri, 04/08/2011 - 18:21 | 1151777 Pez
Pez's picture

Even when wet, the dollar is stronger than most double quilted TP. PLEASE don't squeeze the T-Bills!

Fri, 04/08/2011 - 18:33 | 1151840 IQ 145
IQ 145's picture

 "In fact the dollar is quite strong; Hoody Doody is not a puppet, and Tinkerbelle really can fly;" man, I could listen to this freak all day.

Fri, 04/08/2011 - 21:02 | 1152278 rufusbird
rufusbird's picture

Well, wasn't he actually calling for a turn and a stronger dollar just two or three weeks ago...must have had some he wanted to sell...

Fri, 04/08/2011 - 22:07 | 1152475 DeadFred
DeadFred's picture

With the luck of the devil he's always right, but not always truthful.

Fri, 04/08/2011 - 17:39 | 1151668 Seasmoke
Seasmoke's picture

can absorb more debt......wow !

Fri, 04/08/2011 - 18:34 | 1151844 IQ 145
IQ 145's picture

 "Which, co-incidently, would be beneficial to my primary capital investments".

Fri, 04/08/2011 - 17:40 | 1151671 Your Mama
Your Mama's picture

Only now do you understand the power of the dark side.....

Fri, 04/08/2011 - 19:32 | 1152010 1fortheroad
1fortheroad's picture

/\ and \/

Fri, 04/08/2011 - 17:41 | 1151675 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

"That has put some upward pressure on the commodities." Of course what actually is decided in B-W will be made clear over the next year or so, once the decision makers have already placed their bets accordingly and pull the rug from under the market."

How true.

Fri, 04/08/2011 - 17:41 | 1151679 knukles
knukles's picture

If we even suspect that concentration of wealth and power are a problem now, Soros' proposals complete the transition to full socio-political-economic slavery somewhere past the nightmare of Orwell's 1984. 

Fri, 04/08/2011 - 17:49 | 1151703 Uncle Remus
Uncle Remus's picture

Stolen savings & retirement + armed to the teeth + not a lot of choice = revolution is the new retirement.

Fri, 04/08/2011 - 21:02 | 1152282 reader2010
reader2010's picture

They've got food-stamps, free mortgage, and iPads. Revolution for what?

Sat, 04/09/2011 - 10:52 | 1153205 Uncle Remus
Uncle Remus's picture

Revolution for what?

At the very least, entertainment value. In the abstract, redemption.

 

And, because, it is written.

Fri, 04/08/2011 - 17:40 | 1151682 camaro68ss
camaro68ss's picture

i WANT THE DRUGS HES ON. IT WOULD MAKE LIFE MORE EASY

Fri, 04/08/2011 - 17:46 | 1151693 NotApplicable
NotApplicable's picture

The drug he is on is called "George Soros." Sorry, you'll just have to create your own.

Fri, 04/08/2011 - 17:45 | 1151688 NotApplicable
NotApplicable's picture

Soros gathered with other billionaires at Bretton Woods?

Gee, sounds like RICO time to me. (I'm sure Holder is soon to be all over this crime)

Fri, 04/08/2011 - 17:55 | 1151742 docj
docj's picture

And thus, one cruise missle - aimed at this gathering rather than (accidently, of course) at the Lybian "rebels" - could have immediately solved most of the world's problems.

Fri, 04/08/2011 - 19:40 | 1152031 Jendrzejczyk
Jendrzejczyk's picture

I'll donate a portion of the silver needed to build it.

Fri, 04/08/2011 - 22:36 | 1152548 DoChenRollingBearing
DoChenRollingBearing's picture

Count me in!

Fri, 04/08/2011 - 18:07 | 1151764 knukles
knukles's picture

Holder is now an Honorary Adjunct Enabler of the Second Illiminatti Junior Order.

Sat, 04/09/2011 - 05:13 | 1152990 slewie the pi-rat
slewie the pi-rat's picture

not incorrect, but, again, too clever by half, k-nuk! 

in practice, holder as enabler is neither honorary nor adjucnct, is he?  neither is there, functionally, anything "Second" or Junior Order about that which he enables, is there?  you are so "elegantly correct" as to be talking outa yer ass, man! 

Fri, 04/08/2011 - 17:45 | 1151690 Haywood Yablomi
Haywood Yablomi's picture

Don't vampires burn when exposed to direct sunlight?  That background must be superimposed.

Fri, 04/08/2011 - 18:27 | 1151815 Ahmeexnal
Ahmeexnal's picture

That's why he's wearing tons of makeup.

He looks like a disgusting old baglady.

Fri, 04/08/2011 - 17:48 | 1151706 Reese Bobby
Reese Bobby's picture

Gyorgy Schwartz has looked better...

Fri, 04/08/2011 - 17:48 | 1151710 kengland
kengland's picture

Is that Becky Quick's sister? WTF? How about branching out Bloomberg

Fri, 04/08/2011 - 17:50 | 1151716 magpie
magpie's picture

Absorb more debt, bitchez.

Fri, 04/08/2011 - 17:52 | 1151728 Infinite QE
Infinite QE's picture

Lord Rothschild needs more villas

Fri, 04/08/2011 - 17:51 | 1151720 Rogerwilco
Rogerwilco's picture

The Chinese economy was isolated from the crash? So why did PBoC copy TARP to the tune of 25% of their GDP? Soros is just talking shit because a microphone is in front of him. Like Buffett, the Media hang on his every word as though he's going to let them in on what's really happening. Too funny.

Fri, 04/08/2011 - 18:40 | 1151857 IQ 145
IQ 145's picture

 Yes; and what he's actually going to do is use the opportunity to put some spin in your brain. Just a little propaganda to help everything go down better.

Fri, 04/08/2011 - 18:01 | 1151749 Yen Cross
Yen Cross's picture

I want to see a (Trump/ Soros) throw down octagon match.

Fri, 04/08/2011 - 18:08 | 1151767 Robslob
Robslob's picture

EVERYONE taking a dump on the dollar...then again what was the dollar low in 2008-2009...anyone?

 

Fri, 04/08/2011 - 19:06 | 1151833 Yen Cross
Yen Cross's picture

It was in the 74's off the top of my head. I'll run a monthly chart. I'm posting a 74.76 on October 26 09. i need to spread these charts but that looks like a point to work from. Update I have 74.2 on 11-25-09 as a low on the daily candle.

Fri, 04/08/2011 - 18:15 | 1151772 cougar_w
cougar_w's picture

I'll tell you what I think. I think The Boyz don't have as firm a handle on things as they pretend, or would prefer.

I think this wee shit storm has them scrambling around just a bit. I do.

I know something about complexity. Cats manage a lot of input on any given day and we tune in to dangerous snarls quick. And this whole business has the smell of singularity about it. One of those quantum entanglement things that you don't dare touch else it resolves itself right now and maybe you end up on the wrong side of the event horizon breathing vacuum, fucker.

Feels like that, anyway.

So maybe we let this Minuet in the key of Fail play itself out to the end. Oh like there's a choice. Because at the very least half of these old guys with money are going to be left standing in an alley penniless urinating on themselves. Or standing on the edge of a bridge, looking down at the black churning waters that boil like the fear lodged in their hearts. Go head, jump. Suicide is painless.

600 years going up. Then 6 years going down. Someone touched something, some third-rail of the cosmic tracks. The complexity collapses in a flat line and suddenly it's all gone.

The gravity well beckons. Bitchez.

Fri, 04/08/2011 - 18:24 | 1151811 ReallySparky
ReallySparky's picture

Cougar I tend to agree with you.  I think the boys had it fairly under control, but were side tracked by the Jap quake.  So now they meet to see if they can reorganize to get back on track.

Fri, 04/08/2011 - 18:27 | 1151829 DoChenRollingBearing
DoChenRollingBearing's picture

+++

Fukushima will have much bigger effects on the world economy than people think.

Fri, 04/08/2011 - 18:33 | 1151843 cougar_w
cougar_w's picture

Or more likely they were sidetracked by globalization.

You don't dump 600 years of wealth building in a week over an earthquake. They let their eye off the ball in 1970s or 80s. Maybe it was the Berlin Wall falling. Maybe it was the promise of Chicom Capitalism. Who knows. But the current generation of oligarches thought they could let loose the reins a little. They got greedy. They harvested more than they tended. I mean, history had already ended right? What could possibly go wrong?

Yeah. What could.

Like my character Fortran says at some point in the story, when she's confronted with the deepest, darkest pit of human fail ever slopped, poured and shoveled into one place; There's not enough fire in the whole of Hell to burn this up.

Not to spoil anything ... but she burns it up anyway. Because actually there is no bottom to the wells in Hell. And all this is going to burn, like vanity, and history will start over from zero.

Fri, 04/08/2011 - 22:01 | 1152467 mtomato2
mtomato2's picture

Coug, would you please be so kind as to show me the way to some more of your writings?

Fri, 04/08/2011 - 18:56 | 1151910 fuu
fuu's picture

9/10/08 LHC fired up for the first time.

Later that same day Lehman announced they were selling everything. http://www.nytimes.com/2008/09/11/business/11lehman.html?hp

 

You may be onto something there.

Fri, 04/08/2011 - 19:46 | 1152005 New World Chaos
New World Chaos's picture

"One of those quantum entanglement things that you don't dare touch else it resolves itself right now and maybe you end up on the wrong side of the event horizon breathing vacuum, fucker... Someone touched something, some third-rail of the cosmic tracks."

Ummm, I think I did it, guys.  Touched the third rail during a brain BBQ in '06.  Figured out how to hurl the Beast into the black hole, collapse its wavefunction down to zero.  You think things are surreal now?  This is just the initial rush of a long, strange reality-warping trip.  Mostly a good trip for us, bad trip for them.  The whole world needs a purging fire, and we will get it next year, but don't give up- the transhuman future is amazing!  Without the Luciferian hive mind holding us back, we will go to the stars and turn the whole universe into the ultimate hive mind:  God!

Fri, 04/08/2011 - 20:44 | 1152221 Escapeclaws
Escapeclaws's picture

Been to the Denver airport recently, I would hazard to guess.

Fri, 04/08/2011 - 19:52 | 1152066 1fortheroad
1fortheroad's picture

Japan has tons of oil or had, when it fails, well the banksters have.

Fri, 04/08/2011 - 20:05 | 1152099 Ricky Bobby
Ricky Bobby's picture

Your prose speaks deeply and strike some chord with me. Well done!

Fri, 04/08/2011 - 21:27 | 1152357 mtomato2
mtomato2's picture

I can't remember the last time I enjoyed reading something quite so much.

 

1000 T.U.

Fri, 04/08/2011 - 21:36 | 1152390 Yes_Questions
Yes_Questions's picture

The Boyz don't have as firm a handle on things as they pretend, or would prefer..

Indeed.  I think this may go down with more of a whimper than a scream from these inbreds.  These feckless fools..

 

Fri, 04/08/2011 - 18:15 | 1151780 Thorny Xi
Thorny Xi's picture

This is all he's got? "Debt is ok when things are good, but not when they aren't?" Please. I get more insight from this site.

Fri, 04/08/2011 - 18:51 | 1151891 bugs_
bugs_'s picture

Yes thats all he's got, its all the banksters got, its all the politicians got, its all the open borders globalists got.  Things would have worked out if only the ECONOMY hadn't FUCKED IT UP!

Sat, 04/09/2011 - 01:30 | 1152864 Snidley Whipsnae
Snidley Whipsnae's picture

All the globalists want soverign borders open to currency flows. That is the way to destroy entire economies and make one's self rich at the same time.

Soros is pissing and moaning because China, Brazil and more countries are closing their borders to currency manipulation which is Soros specialty.

Fri, 04/08/2011 - 18:16 | 1151788 weenus
weenus's picture

Have you guys ever read Soros?   Alchemy of finance?   The dissers on here have been watching too much Beck.   His theory of reflexivity is stone genius and will help your trading.   I like Soros and am mystified as to how he has been villified by the political right.    I think he's cool and smart and I am always interested in what he says.  

I'm apolitical personally, I hate both parties.   Fuck Obama.

My two cents.

 

 

Fri, 04/08/2011 - 18:23 | 1151808 TheGreatPonzi
TheGreatPonzi's picture

No one denies the fact that Soros is very intelligent. But does he act in the best interests of the world? 

Fri, 04/08/2011 - 18:21 | 1151809 bob_dabolina
bob_dabolina's picture

No one said he wasn't a good investor. We're not talking about George Soros the investor...we're talking about George Soros the human being (or whatever he is; vampire)

He's a communist who has used his wealth for political aspirations and has aided in the transformation of this country from something great...to something that smells like shit

Fri, 04/08/2011 - 18:45 | 1151876 Eagle1
Eagle1's picture

+1

He destroyed the British pound

Fri, 04/08/2011 - 19:12 | 1151896 bob_dabolina
bob_dabolina's picture

If George Soros' mother had a broken leg he would walk up to her her while she was weak, cut her throat, and snatch her purse.

That is just the type he is.

*In fact I think George Soros even though he was born Jewish, helped round up fellow jews to bring them to concentration camps. In fact, George Soros' birth name is not Soros (a palindrome, how clever) but it was Schwartz. Even to this day he has refused to express remorse for his actions.

Fri, 04/08/2011 - 21:21 | 1152322 disabledvet
disabledvet's picture

why not take her to the hospital and THEN steal her purse?

Sat, 04/09/2011 - 13:37 | 1153443 Hulk
Hulk's picture

That which is weak gets attacked...Its the Brits own fault he attacked their currency, they were fools and have so admitted...

Fri, 04/08/2011 - 18:25 | 1151812 Rogerwilco
Rogerwilco's picture

No one disputes Soros' trading acumen. Sociopaths often are very intelligent.

Fri, 04/08/2011 - 18:35 | 1151842 magpie
magpie's picture

I've read it - though you will get to the same results if you think about what "it's priced in" or exactly what "expectations" means.

And as a trader with clout he necessarily talks his book.

What is gold, what is silver, what is money, Herr Schwartz ?

Fri, 04/08/2011 - 18:55 | 1151904 bugs_
bugs_'s picture

Alchemy of Finance - a good read.  There is a section in there where he discusses his "brink model".  You can especially see the Euro using this and the American congress using this.  There is an artificial brink that is created.  A debt ceiling.  A "metric" that a country must achieve.  They get to the brink and all sorts of chaos happens as they get closer to that brink.  Then instead of fixing the problem they just move the brink further out.   Does he not know his politician class or what?  This still does not expunge his Karmic debt - which is clearly having its effect on him.

Fri, 04/08/2011 - 19:25 | 1151996 KickIce
KickIce's picture

lol, I don't think I've ever seen a person that hates Obama but is in love with Soros, they are the same animal.  Do some research on the Czech Republic, he creates chaos on the bottom and when the people cry for help he clamps down.  Coming next to a country near you.

Fri, 04/08/2011 - 19:29 | 1152006 tomster0126
tomster0126's picture

I agree, Soros is actually pretty genius, he gets a bad rap without just cause.  Can't deny him being the spitting image of Palpatine though, lol.

 

www.forecastfortomorrow.com

Fri, 04/08/2011 - 20:14 | 1152141 Escapeclaws
Escapeclaws's picture

I read that book. His basic idea he calls 'reflexivity'.  This amounts to saying the market has feedback. People base their buy and sell decisions on how the market is performing which in turn accelerates price change. Profound.

Sat, 04/09/2011 - 00:26 | 1152780 victor82
victor82's picture

Every Bond Villain has his schtick.

Soros is simply missing a monocle and a Persian Cat.

Fri, 04/08/2011 - 18:15 | 1151793 bob_dabolina
bob_dabolina's picture

Next time I travel I'd like to borrow those bags under his eyes. My suitcases aren't big enough anymore.

Fri, 04/08/2011 - 18:21 | 1151806 NidStyles
NidStyles's picture

I'm more amazed that some Glenn Beck listener has shot this guy yet.

Fri, 04/08/2011 - 18:25 | 1151818 New_Meat
New_Meat's picture

... er ... dude, Nid, ... he didn't get shot.  Wonderin' on your whereaboutz, tho - Ned

Fri, 04/08/2011 - 18:32 | 1151835 NidStyles
NidStyles's picture

*hasn't

 

I need sleep.

Fri, 04/08/2011 - 21:34 | 1152375 mtomato2
mtomato2's picture

...because we don't shoot people... Asshole.

 

Sorry.  I need sleep, too.

Fri, 04/08/2011 - 18:22 | 1151810 colonial
colonial's picture

hey tyler,

you remember the last time we heard from george?  It was at Davos and swallow...I mean MB...asked him his opinion on the markets.  His first words were amazing, he said..."Oh, I don't manage money any more."  Say what?  Who is he kidding?  I think George has a mega bet in place.  He's set to make billions of the next currency event.  The problem is this time it may well be Ben's Fed.  There is no way his Dem buddies will take this well.  So, he's already letting it be known that he's not managing money. 

He's a snake. 

Fri, 04/08/2011 - 18:34 | 1151827 bob_dabolina
bob_dabolina's picture

Who is this?

http://www.nasdaq.com/reference/ownership.stm

edit: I guess the site doesn't allow you to link directly. Anyhow, click on the link and in the search box click "institutional" type "soros" and search.

Unless, there is more than 1 George Soros trading 5 billion plus. Top 5 in that fund are commodity based.

Fri, 04/08/2011 - 19:03 | 1151936 In Fed We Trust
In Fed We Trust's picture

Just like Bill Gates isn't running MS anymore? Ya right!

Fri, 04/08/2011 - 18:26 | 1151824 velobabe
velobabe's picture

gibberish from an old fart. april fools day† i can't stand to lo_ok at that mug. do you think these douchebaggers even look in a mirror? i can't imagine seeing him naked. human beings especially white ones, are so full of themselves. he is the grossest man i have ever seen and heard. no thanks to playing that video. glad you put his shit up on a article, tyler.

have a good weekend, ya all†

Fri, 04/08/2011 - 18:32 | 1151834 AN0NYM0US
AN0NYM0US's picture

Could Obama have been elected without Soros' $$ and prop machine ?  e.g. Media Matters, Open Society, HuffPuke etc.

 

http://24ahead.com/huffington-post-investigative-journalism-arm-funded-g...

http://www.soros.org/

http://mediamatters.org/

Fri, 04/08/2011 - 18:37 | 1151852 Yen Cross
Yen Cross's picture

Is PUKE the Dem call word. Too much South Park I guess. The Stan puking on Wendy thing?

Fri, 04/08/2011 - 19:02 | 1151933 In Fed We Trust
In Fed We Trust's picture

Maybe some more "CHANGE" is on the way, compliments of Soros/Obama.

Fri, 04/08/2011 - 18:35 | 1151841 somethingelse
somethingelse's picture

"Now, young Skywalker, you will DIE."

Fri, 04/08/2011 - 21:23 | 1152335 disabledvet
disabledvet's picture

i would respect him more if he actually would say that.  then we all would know "you too have been engaged in the secret pleaassssure of reading Zero Hedge."

Fri, 04/08/2011 - 18:39 | 1151849 Gold 36000
Gold 36000's picture

the dollar is not dying.  The world is becoming multipolar.  No big deal.  The dollar will probably remain 50 percent of world reserves for indefinitely if our congress can get its act together and get rid of taxes and policies that hinder growth.

However if it doesn't then we will become a backwater.  That corporate taxes are the biggest hindrance to growth seems will accepted by economists.  Next is personal income taxes, then consumption taxes and the least hindering of economic growth is real estate taxes.

We really should go to consumption and real estate taxes only and end all the rest.  we would be the 800 pound economic gorilla forever.  A rising tide would lift all boats eventually.  Even though the income disparity might be wider we would have a higher base.

But socialists doing the right thing?  Unlikely.  That is why of course gold 36000 is inevitable, eventually.

Fri, 04/08/2011 - 18:42 | 1151866 weenus
weenus's picture

Soros is a communist?   That is not a reality-based comment.  He has spent millions to promote democracy through his OPEN SOCIETY organization.  He is avowedly anti-communist.   Do some research instead of parroting soundbites. 

Yes, he supports Obama.   I voted for Obama.  I think he has sucked.   I knew it was over when he appointed Geithner.    But I don't for a minute think that McCain would have picked someone else.   That was the choice, remember?   I think McCain, amazingly, understands macroeconomics even less than Obama.  

Soros is a very different and interesting cat.   I would highly recommend to anyone whose mind is still open to read the ALCHEMY OF FINANCE (and his other books about open societies) and decide for yourself who Soros is and what he is about.   

As a sidebar, ZH originally attracted a bunch of people who liked to think for themselves.   Many places around the web complain that the ZH boards have fallen prey to stupid orthodoxies, snark, and a preconceived mindset.  I see the RX to Soros as an example of this.  Just saying. 

Fri, 04/08/2011 - 18:46 | 1151879 TheGreatPonzi
TheGreatPonzi's picture

"He has spent millions to promote democracy through his OPEN SOCIETY organization. "

Democracy and communism can perfectly coexist.

But you're right, Soros does not believe in communism. He believes in "socialisme de marché", a French term which corresponds to social-democracy. 

The State does not take 100%, it takes 60%-70%. 

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