Soros Fears 'Rebellion', Warns "The Euro Could Destroy The EU"

Tyler Durden's picture




 

From a discussion of the Dutch political system being in the pocket of Big Oil to warning that German policy stipulations and the Euro itself could "potentially destroy the European Union," amid rebellion, George Soros has drastically reduced all Euro-related exposure from his portfolio - only a few weeks after his cautious optimism that Europe is 'revived' in Davos. As Open Europe blog notes, Soros fears that "there is a real danger that the [Euro] solution to the financial problem creates a really profound political problem." The interview below with Dutch TV shows Soros grave concerns that the Southern nations are "being pushed unwittingly... into a long lasting depression," as Germany's austerity program is "counter-productive - cannot actually succeed." Just as we recently noted the similarities between the European Union and the Soviet Union, so Soros believes the 'Euro' itself is "bound to break up the European Union." It may take generations, he notes, as a terrible tragedy of "lost political freedom and economic prosperity."

 

From Davos - two weeks ago...optimism that the banking system had been revived but even then he was concerned...

...the european banking system, the interbank market, has revived so there's a general sense of let's say almost euphoria that the crisis is over. I think that is somewhat premature. because the fundamental internal inconsistencies in the dis-tim have not been addressed, and actually, therefore, you face political dangers.

 

The Euro is transforming the European Union into something very different from the original conception which was a voluntary association of equal states, and instead of that, the financial created a two-class system where the euro, the creditors and debtors and the creditors are in charge. The political situation I think is going to get worse.

 

Now, not so optimistic anymore - begins around 23 minutes in...(initially discussing corrpution then on to European stresses at around 28 minutes)

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Via Open Europe blog,

...prominent investor George Soros has warned that,

"I am terribly concerned about the euro potentially destroying the EU. There is a real danger that the solution to the financial problem creates a really profound political problem."

Asked what kind of change is needed, he said,

"Germany needs to realise that the policy it impose on the euroarea - the austerity programme - is counter-productive. It cannot actually succeed. At the moment they [the South] is being pushed - unwittingly, not with bad intentions, but the effect is that they are being pushed into a long lasting depression and that is what is happening to Europe. And it may last more than a decade, in fact it could become permanent, until the pain is so big that eventually there may be a rebellion, a rejection of the EU, and that would then be the destruction of the EU, which is a terribly heavy price to maintain to preserve the euro, which is meant to be just a servant of the EU."

On whether the euro will survive, he said,

"It could last quite a long time, the same way as the Soviet Union, which was a very bad arrangement, lasted for 70 years. However, I think that eventually, it is bound to break up the European Union. The longer it will take, and it may take generations, those will be lost in terms of political freedom and economic prosperity. The solution is to me a terrible tragedy for the EU. And it's happening to the most developed open society in the world. To me it's a terrible tragedy. It doesn't have villains, because I don't think that Germany is doing it with bad intentions but its happening out of a lack of understanding of very complex problems."

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Thu, 02/07/2013 - 11:31 | 3222968 LawsofPhysics
LawsofPhysics's picture

Yes, yes, he says this all the while increasing his physical gold holdings.

Thu, 02/07/2013 - 11:35 | 3222981 Fredo Corleone
Fredo Corleone's picture

If Soros had never existed, Ayn Rand would have created his caricature.

Thu, 02/07/2013 - 11:39 | 3223008 kliguy38
kliguy38's picture

Long live the EURO..... heaven forbid the ponzi collapses......its been a helluva ride for you George.....now hell's comin' and the Devil's comin' with it.....

Thu, 02/07/2013 - 11:45 | 3223034 gmrpeabody
gmrpeabody's picture

Soros always and only talks his book.

Thu, 02/07/2013 - 12:13 | 3223152 ParkAveFlasher
ParkAveFlasher's picture

...at least, back when he had clients...

Thu, 02/07/2013 - 18:41 | 3223506 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

I like Soros; he fucking kylebassed the BritsPonzi just like Kyle Bass is kylebassing the JapsPonzi.  

Thu, 02/07/2013 - 19:19 | 3224492 Againstthelie
Againstthelie's picture

I do not believe the official version. I just don't buy it, that the City of London was not intentionally avoiding the Euro. Soros part was to deliver the excuse.

Thu, 02/07/2013 - 12:14 | 3223156 insanelysane
insanelysane's picture

and to think that Becky picked Warren over George.

Thu, 02/07/2013 - 12:19 | 3223174 jaap
jaap's picture

Promintent member of Soros' Open Society is Mabel Smit (actually her name is Petra).

She is married to Prince Friso (who is in coma after a skiing accident).

The largest shareholder in Royal Shell is Queen Beatrix, mother of Friso.

Just some facts, who will connect the dots for me?

Thu, 02/07/2013 - 13:22 | 3223347 Cap Matifou
Cap Matifou's picture

Soros is part of the problem, not the solution.

Thu, 02/07/2013 - 14:12 | 3223508 e-recep
e-recep's picture

he's fucking 83 and he's still lying like a bitch. "bernanke is right" and "the economy is expected to pick up"? what an asshole.

Thu, 02/07/2013 - 17:48 | 3224274 californiagirl
californiagirl's picture

Soros is a lying S.O.S. hypocrite.  It is exactly what he wants - to burst the bubble of U.S. supremacy with economic destruction so that his beloved ideals of a one-world government and Agenda 21 can come to fruition.

Thu, 02/07/2013 - 11:46 | 3223035 DeadFred
DeadFred's picture

No one better to welcome the Devil's arrival than old George, the faithful servant. What a laugh that the puppetmaster of revolutions is worried about rebellion. Two weeks after being bullish. The man is a piece of work.

Thu, 02/07/2013 - 12:00 | 3223090 CH1
CH1's picture

When is this monster going to die?

Thu, 02/07/2013 - 12:05 | 3223113 Lost Wages
Lost Wages's picture

Didn't Soros invent the Euro?

Thu, 02/07/2013 - 19:43 | 3224518 Againstthelie
Againstthelie's picture

Problem - Reaction - Solution.

First they create the problem, wait for the reaction and then they offer the solution, that brings everything even closer to their intention.

We are in the mid of phase 2, where the Germans and the few other strong countries (Finland, Netherlands, Austria) are forced into a total transfer of their productivity without a war.

The solution is - as he openly admits - a marxistic supranational and centrally planned EUSSR, where the banks and the cabal make the rules, have total control, while the media declare what is "democratic" and what is "antidemocratic" and while the children of the GOYIM are becoming foreigners in their own countries, they are allowed to send troops and fight for a racially aware Israel with settlers, that are stronger checked about their descent than the members of the evil, evil, evil Waffen-SS.

For the Goyim, the cattle, race mixture, multiculturalism and globalist rulership, for the chosen ones national souvereignity, protection of their culture and their roots:

http://youtu.be/rA7Ymki71fM

Thu, 02/07/2013 - 12:10 | 3223140 lincolnsteffens
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You took the words right out of my brain.

Thu, 02/07/2013 - 12:13 | 3223153 fightthepower
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Soros is just a puppet for the Rothschilds, they will replace him when he dies. 

Thu, 02/07/2013 - 12:22 | 3223178 Chuck Walla
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The old Nazi collaborator must have his positions on. Time to scare the heard in to his corral for the shearing.  I bet Georgi believes in guns, for his security detail.

 

FORWARD SOVIET! Georgi sez so!

Thu, 02/07/2013 - 14:47 | 3223647 robobbob
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never, that was part of the deal he signed with you know who.

Thu, 02/07/2013 - 11:39 | 3223010 Joe Davola
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To quote Keanu Reeves:  Whooooa!

Thu, 02/07/2013 - 13:33 | 3223379 Jugdish
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To quote Swayze "What am I gonna do man? Paddle to New Zealand?"

Thu, 02/07/2013 - 11:43 | 3223025 Keegan11
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Good one! Soros is a cross between Ellsworth Tooey -- and who am I thinking??

Thu, 02/07/2013 - 12:11 | 3223143 ParkAveFlasher
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and...the internet "u mad" meme?

Thu, 02/07/2013 - 12:21 | 3223176 Tippoo Sultan
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Wesley Mouch.

Thu, 02/07/2013 - 13:04 | 3223300 Vashta Nerada
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Von Ribbentrop

Thu, 02/07/2013 - 11:45 | 3223032 bania
bania's picture

let the hate flow through you!

Thu, 02/07/2013 - 11:38 | 3223004 Joe Davola
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We need LongSoupLine to chime in on this one - as soon as I read the headline I started swearing worse than the Tourettes Guy.

Thu, 02/07/2013 - 12:01 | 3223097 LongSoupLine
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See below...first Mario fucking opens his mouth, then that fucking shit stinking Fed tool Evans, and now Soros...my fucking head exploded.

Thu, 02/07/2013 - 13:56 | 3223447 piliage
piliage's picture

Bingo ! Mario called george and asked him to talk down the euro.
I'm sure the bastard is short too.

Thu, 02/07/2013 - 11:49 | 3223045 Buzzworthy
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Exactly.  Well done, Physics!

Thu, 02/07/2013 - 11:32 | 3222973 trav777
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those evil Germans still at it

Thu, 02/07/2013 - 11:34 | 3222980 The Gooch
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FUCK YOU SOROS! AND YOUR PROGENY!

Thu, 02/07/2013 - 11:41 | 3223006 El Oregonian
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SOROS? I thought he was Mermaid Man?

Thu, 02/07/2013 - 11:44 | 3223029 Raymond Reason
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Always the helping hand and wise councilor, shepherding the errant herd from danger.   

Thu, 02/07/2013 - 11:35 | 3222983 BrigstockBoy
BrigstockBoy's picture

When is austerity not austerity?

Thu, 02/07/2013 - 11:35 | 3222984 azzhatter
azzhatter's picture

No worries Soros, you'll be dead soon

Thu, 02/07/2013 - 11:42 | 3223017 The Gooch
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His boys will pick up where he left off.

Thu, 02/07/2013 - 11:51 | 3223053 MiltonFriedmans...
MiltonFriedmansNightmare's picture

"You'll be dead soon".....

Evil never dies.

Thu, 02/07/2013 - 14:25 | 3223566 chindit13
chindit13's picture

So will you pretty soon, so there's hardly anything to crow about.

Thu, 02/07/2013 - 17:02 | 3224130 Panafrican Funk...
Panafrican Funktron Robot's picture

"there's hardly anything to crow about."

Relatively speaking, there is.  We're all worm food, even the tyrants among us.  When they die, they aren't "more awesomely dead".  

Thu, 02/07/2013 - 11:36 | 3222986 Silverhog
Silverhog's picture

Soros is an asshole. Wish somebody would shove a kilo of tungsten up his crack, 

Thu, 02/07/2013 - 11:47 | 3223040 gmrpeabody
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What have you got against tungsten?

Thu, 02/07/2013 - 11:36 | 3222988 Broccoli
Broccoli's picture

Yes, but will Soros repeat his previous escapades in Europe and take the property of people off to the camps? They should have asked him that.

Thu, 02/07/2013 - 13:06 | 3223303 Go Tribe
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"Any gold in those teeth mister?"

Thu, 02/07/2013 - 11:37 | 3222991 Shevva
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Basically these moroons are realising that winters over and with half the youth unemployed it will be molotov cocktails all round this summer.

Thu, 02/07/2013 - 11:37 | 3222993 BlueStreet
BlueStreet's picture

"George Soros has drastically reduced all Euro-related exposure from his portfolio - only a few weeks after his cautious optimism that Europe is 'revived' in Davos."

------

Isn't that basically a pump and dump, Soros, you fucking asshole. 

Thu, 02/07/2013 - 11:38 | 3222996 fonzannoon
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i just pray david balls in your face tepper got out unscathed.

Thu, 02/07/2013 - 11:37 | 3222998 I need more cowbell
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Once you assume that pretty much anything that comes out of the mouths of these pyschopaths like Soros for public consumption, is a lie or half-truth, with an underlying ( or under-lying if you prefer ) agenda, yu can do one of two things. Try to get into their heads like a FBI profiler, or ignore them. I try to stay out of outhouses, so i prefer the latter.

Thu, 02/07/2013 - 15:16 | 3223757 Bandit und Buster
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If his lips are moving, he's lying!

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