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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
lincolnsteffens's picture

You took the words right out of my brain.

Thu, 02/07/2013 - 12:13 | 3223153 fightthepower
fightthepower's picture

Soros is just a puppet for the Rothschilds, they will replace him when he dies. 

Thu, 02/07/2013 - 12:22 | 3223178 Chuck Walla
Chuck Walla's picture

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
robobbob's picture

never, that was part of the deal he signed with you know who.

Thu, 02/07/2013 - 11:39 | 3223010 Joe Davola
Joe Davola's picture

To quote Keanu Reeves:  Whooooa!

Thu, 02/07/2013 - 13:33 | 3223379 Jugdish
Jugdish's picture

To quote Swayze "What am I gonna do man? Paddle to New Zealand?"

Thu, 02/07/2013 - 11:43 | 3223025 Keegan11
Keegan11's picture

Good one! Soros is a cross between Ellsworth Tooey -- and who am I thinking??

Thu, 02/07/2013 - 12:11 | 3223143 ParkAveFlasher
ParkAveFlasher's picture

and...the internet "u mad" meme?

Thu, 02/07/2013 - 12:21 | 3223176 Tippoo Sultan
Tippoo Sultan's picture

Wesley Mouch.

Thu, 02/07/2013 - 13:04 | 3223300 Vashta Nerada
Vashta Nerada's picture

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
Joe Davola's picture

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
LongSoupLine's picture

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
Buzzworthy's picture

Exactly.  Well done, Physics!

Thu, 02/07/2013 - 11:32 | 3222973 trav777
trav777's picture

those evil Germans still at it

Thu, 02/07/2013 - 11:34 | 3222980 The Gooch
The Gooch's picture

FUCK YOU SOROS! AND YOUR PROGENY!

Thu, 02/07/2013 - 11:41 | 3223006 El Oregonian
El Oregonian's picture

SOROS? I thought he was Mermaid Man?

Thu, 02/07/2013 - 11:44 | 3223029 Raymond Reason
Raymond Reason's picture

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
The Gooch's picture

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
gmrpeabody's picture

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
Go Tribe's picture

"Any gold in those teeth mister?"

Thu, 02/07/2013 - 11:37 | 3222991 Shevva
Shevva's picture

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
fonzannoon's picture

i just pray david balls in your face tepper got out unscathed.

Thu, 02/07/2013 - 11:37 | 3222998 I need more cowbell
I need more cowbell's picture

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
Bandit und Buster's picture

If his lips are moving, he's lying!

Thu, 02/07/2013 - 11:38 | 3223000 SheepDog-One
SheepDog-One's picture

FUK U SOROS!

Thu, 02/07/2013 - 11:38 | 3223002 Taterboy
Taterboy's picture

One of the first steps of a worldwide economic solution would be to hang this evil piece of filth.

Thu, 02/07/2013 - 11:42 | 3223020 lakecity55
lakecity55's picture

+100

Thu, 02/07/2013 - 11:51 | 3223055 DeadFred
DeadFred's picture

Vampires are able to fly so hanging is a singularly ineffective method. This is Zerohedge so think silver bullets.

Thu, 02/07/2013 - 14:37 | 3223607 A. Magnus
A. Magnus's picture

Silver bullets are for werewolves; soak some nice, sharpened stakes in garlic oil and have a machete handy to cut the head of the vampire off to ensure elimination...

Thu, 02/07/2013 - 16:35 | 3224012 medium giraffe
medium giraffe's picture

Nosorosferatu..

Thu, 02/07/2013 - 11:39 | 3223005 Everybodys All ...
Everybodys All American's picture

In other words Soros has gotten out of his long positions relating to the Euro and now is shorting those same positions. So bring on the fear and lets get this party started. Soros is as pathetic as his pinhead puppet Obama.

Thu, 02/07/2013 - 11:41 | 3223014 EmmittFitzhume
EmmittFitzhume's picture

I got a dollar that says he is shorting the Eurozone

Thu, 02/07/2013 - 12:12 | 3223151 forwardho
forwardho's picture

Sir, I work far to hard to simply give my dollar away.

 

Thu, 02/07/2013 - 13:38 | 3223389 Meat Hammer
Meat Hammer's picture

You HAD a dollar.  You now have 95 cents.

Thu, 02/07/2013 - 13:41 | 3223397 The Gooch
The Gooch's picture

After debasement, you are now a nickel in the red.

Thu, 02/07/2013 - 11:41 | 3223015 schatzi
schatzi's picture

So what is Soros's solution, if not to balance the budget? Go the Abe route? FFS what is it with these people. As if there were an easy fix solution for 20 years of debt fuelled growth. There is none. It's either face up now or face up further down the road with accrued interest. It's gonna hurt. It's gonna hurt even more later if not dealt with now.

Thu, 02/07/2013 - 11:52 | 3223061 Doubleguns
Doubleguns's picture

Yep go on the diet now or wait till we put on 50 more pounds, that makes the diet so much easier.

Thu, 02/07/2013 - 13:54 | 3223445 Matt
Matt's picture

It seems to me he is saying that the Eurozone needs a new currency regime, that the Euro in it's current form is unsustainable and will lead to ruin.

Thu, 02/07/2013 - 11:42 | 3223023 Black Markets
Black Markets's picture

God said, "Let there be a default," and there was a default.

And God saw the default and saw that it was good.

Thu, 02/07/2013 - 12:10 | 3223134 forwardho
forwardho's picture

Soros said, "Let there be a default," and there was a default.

And Soros saw the default and saw that it was good.

Fixed

Thu, 02/07/2013 - 15:27 | 3223789 Bandit und Buster
Bandit und Buster's picture

And God Says:

Oba 1:1

The vision of Obadiah. Thus saith the Lord GOD concerning Edom; .... Oba 1:2Behold, I have made thee small among the heathen: thou art greatly despised.  The pride of thine heart hath deceived thee, thou that dwellest in the clefts of the rock, whose habitation ishigh; that saith in his heart, Who shall bring me down to the ground? Though thou exalt thyself as the eagle, and though thou set thy nest among the stars, (from) thence will I bring thee down, saith the LORD.

 

Thu, 02/07/2013 - 11:46 | 3223037 kato
kato's picture

Germany is at its historical place as the trampling ground of other European powers. previously - take the 1800's - it was France, Austria-Hungary and more laterally Russia giving and taking pieces of land of then disaggregated German principalities to one another - until Bismarck. this time it some other 'big powers' jockeying for tax revenue from Germany. be careful what you wish for, George.

Thu, 02/07/2013 - 12:00 | 3223094 trav777
trav777's picture

and nevermind what the western powers' central banks did to Germany during Weimar, with Warburgs on opposite sides of the negotiating table with their overarching goal "is this good for our tribe?"

Of course, Germany's historical grievances against others are NEVER mentioned.

Thu, 02/07/2013 - 11:48 | 3223041 youngman
youngman's picture

I see two things.....the published numbers that the politicians use and the CB´s use or estimate....then there are the actual numbers on the ground..the real numbers....totally different I think...think Spains housing market....it has not dropped near enough on the banks books...but yet the banks say they are OK....

Thu, 02/07/2013 - 11:48 | 3223044 EmileLargo
EmileLargo's picture

To me it's a terrible tragedy.

To those who love freedom and hate the EU nanny state, this should be a cause for celebration.

Thu, 02/07/2013 - 11:50 | 3223047 solgundy
solgundy's picture

hurry up and die George

Thu, 02/07/2013 - 11:52 | 3223062 Dr. Engali
Dr. Engali's picture

Quantitative easing avoids a depression? We have been in a depression since 2000 you degenerate old ass clown.

Thu, 02/07/2013 - 13:57 | 3223453 Matt
Matt's picture

Nominally, the depression has been put off for sometime. Of course, if you subtract inflation and government deficit from the GDP growth, the economy has been shrinking for quite sometime.

Thu, 02/07/2013 - 11:52 | 3223063 TrumpXVI
TrumpXVI's picture

"..it might take generations..."

Yeeeah.....riiiight.

Thu, 02/07/2013 - 11:54 | 3223069 HoaX
HoaX's picture

The man is 81, give him a break.

He´s obviously senile and at the very least running nothing but his own agenda.

Comparing the EU to the USSR is a bit of a Godwin btw.

Thu, 02/07/2013 - 12:06 | 3223111 CH1
CH1's picture

No break for this asshole. He looted his own people while sending them to death camps, and enjoyed it.... and enjoys remembering it still.

Thu, 02/07/2013 - 12:16 | 3223165 HoaX
HoaX's picture

I should remember to post /Sarc after every obviously ironic statement I guess :[

 

Thu, 02/07/2013 - 11:54 | 3223071 Yen Cross
Yen Cross's picture

 Soros you're wanted back on the set of the " Lord of The Rings. They're filming the "middle earth" sequence, and need an especially evil Hobbit for the part.

Thu, 02/07/2013 - 11:54 | 3223072 Mercury
Mercury's picture

He should know, he had a front seat at the last one.

Thu, 02/07/2013 - 11:56 | 3223078 TrumpXVI
TrumpXVI's picture

Hell, not just a front seat; he HELPED with it!

Thu, 02/07/2013 - 12:01 | 3223098 Mercury
Mercury's picture

Well, I was referring to the social unrest part.

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."

Not really George.  The circumstances that led to WWII were very complex. The problem with the Euro is very simple: There is no such thing as a free lunch.

Thu, 02/07/2013 - 12:02 | 3223105 TrumpXVI
TrumpXVI's picture

Holy shit!

The bastard said that very thing back in 1944!

Thu, 02/07/2013 - 14:19 | 3223540 Rustysilver
Rustysilver's picture

Mercury

The circumstances that led to WWII were very complex

No they're not. WWII was a continuation of WWI. Plus, Germans wanted to take some stuff such as land in Poland and Soviet Union.

 

Thu, 02/07/2013 - 17:50 | 3224278 medium giraffe
medium giraffe's picture

Lebensraum? check. Second Thirty Years War? check. 

 

Fri, 02/08/2013 - 01:43 | 3225240 bunnyswanson
bunnyswanson's picture

Free lunch?  FREE LUNCH?  Tranfer of wealth is over and now what to do with the victims of the grand larcency, you mean?  The agenda is clear.

http://theeconomiccollapseblog.com/archives/the-coming-derivatives-panic-that-will-destroy-global-financial-markets

"It would be hard to overstate the recklessness of these banks. The numbers that you are about to see are absolutely jaw-dropping. According to the Comptroller of the Currency, four of the largest U.S. banks are walking a tightrope of risk, leverage and debt when it comes to derivatives. Just check out how exposed they are...

JPMorgan Chase

Total Assets: $1,812,837,000,000 (just over 1.8 trillion dollars)

Total Exposure To Derivatives: $69,238,349,000,000 (more than 69 trillion dollars)

Citibank

Total Assets: $1,347,841,000,000 (a bit more than 1.3 trillion dollars)

Total Exposure To Derivatives: $52,150,970,000,000 (more than 52 trillion dollars)

Bank Of America

Total Assets: $1,445,093,000,000 (a bit more than 1.4 trillion dollars)

Total Exposure To Derivatives: $44,405,372,000,000 (more than 44 trillion dollars)

Goldman Sachs

Total Assets: $114,693,000,000 (a bit more than 114 billion dollars - yes, you read that correctly)

Total Exposure To Derivatives: $41,580,395,000,000 (more than 41 trillion dollars)

That means that the total exposure that Goldman Sachs has to derivatives contracts is more than 362 times greater than their total assets.

To get a better idea of the massive amounts of money that we are talking about, just check out this excellent infographic.

How in the world could we let this happen?

And what is our financial system going to look like when this pyramid of risk comes falling down?

Our politicians put in a few new rules for derivatives, but as usual they only made things even worse.

According to Nasdaq.com, beginning next year new regulations will require derivatives traders to put up trillions of dollars to satisfy new margin requirements.

Swaps that will be allowed to remain outside clearinghouses when new rules take effect in 2013 will require traders to post $1.7 trillion to $10.2 trillion in margin, according to a report by an industry group.

The analysis from the International Swaps and Derivatives Association, using data sent in anonymously by banks, says the trillions of dollars in cash or securities will be needed in the form of so-called "initial margin." Margin is the collateral that traders need to put up to back their positions, and initial margin is money backing trades on day one, as opposed to variation margin posted over the life of a trade as it fluctuates in value.

So where in the world will all of this money come from?

Total U.S. GDP was just a shade over 15 trillion dollars last year.

Could these rules cause a sudden mass exodus that would destabilize the marketplace?

Let's hope not.

But things are definitely changing. According to Reuters, some of the big banks are actually urging their clients to avoid new U.S. rules by funneling trades through the overseas divisions of their banks...

Wall Street banks are looking to help offshore clients sidestep new U.S. rules designed to safeguard the world's $640 trillion over-the-counter derivatives market, taking advantage of an exemption that risks undermining U.S. regulators' efforts.

U.S. banks such as Morgan Stanley (MS.N) and Goldman Sachs (GS.N) have been explaining to their foreign customers that they can for now avoid the new rules, due to take effect next month, by routing trades via the banks' overseas units, according to industry sources and presentation materials obtained by Reuters.

Unfortunately, no matter how banks respond to the new rules, it isn't going to prevent the coming derivatives panic. At some point the music is going to stop and some big financial players are going to be completely and totally exposed.

When that happens, it might not be just the big banks that lose money. Just take a look at what happened with MF Global.

MF Global has confessed that it "diverted money" from customer accounts that were supposed to be segregated. A lot of customers may never get back any of the money that they invested with those crooks. The following comes from a Huffington Post article about the MF Global debacle, and it might just be a preview of what other investors will go through in the future when a derivatives crash destroys the firms that they had their money parked with...

Last week when customers asked for excess cash from their accounts, MF Global stalled. According to a commodity fund manager I spoke with, MF Global's first stall tactic was to claim it lost wire transfer instructions. Then instead of sending an overnight check, it sent the money snail mail, including checks for hundreds of thousands of dollars. The checks bounced. After the checks bounced, the amounts were still debited from customer accounts and no one at MF Global could or would reverse the check entries. The manager has had to intervene to get MF Global to correct this.

How would you respond if your investment account suddenly went to "zero" because the firm you were investing with "diverted" customer funds for company use and now you have no way of recovering your money?

Keep an eye on the large Wall Street banks. In a previous article, I quoted a New York Times article entitled "A Secretive Banking Elite Rules Trading in Derivatives" which described how these banks dominate the trading of derivatives...

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

According to the article, the following large banks are represented at these meetings: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup.

Thu, 02/07/2013 - 11:54 | 3223073 eclectic syncretist
eclectic syncretist's picture

The Euro will eat itself, the dollar will eat itself, fiat will eat itself.  Let it be done already.

Thu, 02/07/2013 - 11:55 | 3223075 eclectic syncretist
eclectic syncretist's picture

Soros only talks up his book while lying to himself that he's on some kind of crusade to save the world.  He's just another disillusioned sociopath.

Thu, 02/07/2013 - 11:56 | 3223076 aleph0
aleph0's picture

Read .... "The Rotten Heart of Europe" .. by Bernard Connolly.

Written in 1995 ... an excellent piece of work.

He was a leading Economist for the EU Commission, and was sacked after writing a "working paper" which prognosed a devastating future for "the people" of the EU. Also explains why the EUR was created .. and to what end !

Luckily we can read in his book the (now) facts that the EU Commission wanted to hide from the peoples of Europe.

Be sure get the 2012 Edition .

Thu, 02/07/2013 - 13:31 | 3223367 Cap Matifou
Cap Matifou's picture

Or get this torrent to have a peek

61893F846D646E90B0A9E4618A307748B11DE683

Thu, 02/07/2013 - 15:34 | 3223828 Bandit und Buster
Fri, 02/08/2013 - 06:26 | 3225347 matrix2012
matrix2012's picture

 

Rotten Heart of Europe: The Dirty War for Europe's Money

Author: BERNARD CONNOLLY

Publisher: Faber & Faber (November 1, 1997)

"THIS BRILLIANT book is a devastating exposure of the pretensions of those who want to rule Europe. It shows that the attempts to achieve monetary and economic union, and consequently political union, are bad for us. They will not bring monetary stability, economic growth or political harmony. Instead they will destabilise currencies, reduce growth and promote hatred between the nations of Europe.

Economic and Monetary Union (EMU) is supposed to build on the experience of the Exchange Rate Mechanism (ERM). Britain's membership of the ERM forced us into a disastrous and quite unnecessary recession. After two years of suffering, Major said in July 1992 that Britain would soon be the leader of the ERM. Two months later, we were well out of it, and ERM had bermbed, as Jacques Clouseau, Major's mentor, would say.

ERM constrained British Government policy on non-monetary matters too. The Government appeased Spain over the fishing dispute to keep Spain happy about the sterling/peseta rate. So the Common Fisheries Policy, so damaging to Britain's fishing industry, is not an isolated EU aberration: it stems from the whole logic of economic and monetary union.

The ERM was described as the Eternal Recession Mechanism; EMU is likely to be Even More Useless. The ERM kept the poor countries poor; it did not help them to converge; it certainly did not help them to meet the Maastricht criteria. Spain's experience of ERM was catastrophic: 22% unemployed. The ERM forced Denmark into recession: unemployment doubled to 12%, the budget was slashed, and investment, output and wages all fell. In the ERM, Ireland's unemployment soared from 11% to 23%. ERM subordinated nations' economic interests to minorities' foreign policy goals: ruling class interests dominated working class interests. Some still claim that ERM and EMU could control capital, but actually they were and are attacks on the working class.

A 1992 report by the Monetary Committee, which advises the EU's Council of Ministers, admitted that ERM did not stabilise prices or money and did not reduce inflation. Perhaps it was after all just a tool for moving countries towards political union.

The book also depicts the present dangerous struggle between the French and German ruling classes for control over the proposed institutions of a single European state. Germany is determined to keep the Deutschmark and the Bundesbank: it wants EMU so that it can assimilate other countries into an expanded Deutschmark zone. France wants a new currency and wants to get its hands on the Bundesbank; it pushed for the Maastricht Treaty, which would destroy the Deutschmark. Who would control Europe's currency? Who would control the proposed new European Central Bank? Germany or France?

As Wilhelm Nolling, a Bundesbank Council member, said: "We should be under no illusion - the present controversy over the new European monetary order is about power, influence and the pursuit of national interests."

They are already fighting about the 1996 InterGovernmental Conference. Germany wants the economic criteria for EMU met as soon as possible: it insists that economic convergence must precede monetary union. France wants the earliest possible date for monetary union, believing that monetary union would produce economic convergence. Both are wrong of course: convergence cannot and will not be achieved, either way.

EMU's implications are universally unpopular. The workers of France, Italy and Belgium are striking against the EU's schemes. The Austrian Government fell in October, unable to pass the EU-required budget.

We can see both from ERM's effects, and from the effects of the attempted imposition of the Maastricht criteria, how damaging membership of EMU would be. It would cause, as intended, a permanent lowering of wages, a permanently higher level of unemployment, and massive cuts in public spending."

William Podmore - May 15, 2001


Bernard Connolly was fired by the European bureaucrats after this book came out. If you read this book you will understand why. This book has all the detail you could ask for. It is an incredible expose of the events leding up to European Monetary Union.

If you support the European Community, reading this book will change your mind -- if you dare read it.

 

Check the hash or "Connolly - The Rotten Heart of Europe (1995) {H33T}{projectmyskills}.torrent"

 

Fri, 02/08/2013 - 07:30 | 3225353 Ghordius
Ghordius's picture

LOL "Britain's membership of the ERM forced us into a disastrous and quite unnecessary recession. After two years of suffering, Major said in July 1992 that Britain would soon be the leader of the ERM. Two months later, we were well out of it, and ERM had bermbed, as Jacques Clouseau, Major's mentor, would say"

Here you find a few concepts that encapsulate the quandary Britons had with the ERM at that time and have with the EUR today:

1. this British need to be the leader of whatever their Kingdom engages in (or to be the follower, in any case never a peer)

2. No mention at all why the UK was in the ERM in the first place (hint: currency wars)

3. No mention at all how badly the UK's BoE managed their currency's "placement" in the ERM - which is also the reason why Britons were left with such a bad taste in their mouths about the whole debacle

4. No mention at all how strong the speculative forces operating were - including Soros' raid on the Pound, see Black Wednesday

5. No mention at all to the fact that the main criticism raised vs. the ERM yesterday and the EUR today is always based on the assumption that moar printing is better

6. No mention at all that the UK is currently not in the eurozone, the "new" ERM - which is a different club from the EU

7. And of course the century old British dilemma: how to prevent the european continent to engage any political unification

(btw it's indeed an interesting book, though it's built under some imho very strange assumptions. nevertheless, read it - but do some additional homework)

Fri, 02/08/2013 - 07:46 | 3225376 Ghordius
Ghordius's picture

"Bernard Connolly was fired by the European bureaucrats after this book came out"

Indeed the EU Commission fired him for that, and he brought the case in court

from Ambrose Evans-Pritchard's quite angry article on that on the Telegraph in 2001:

"THE European Court of Justice ... found that the European Commission was entitled to sack Bernard Connolly... for writing "The rotten Heart of Europe. ... The ruling stated that the commission could ... punish individuals who "damaged the institution's image and reputation". The court called the Connolly book "aggressive, derogatory and insulting", taking particular umbrage at the author's suggestion that Economic and Monetary Union was a threat to democracy, freedom and "ultimately peace".

Though I wonder: how many corps, orgs and institutions would not fire someone that just brought out a book titled "The Rotten Heart of <insert name of my employer here>"?

Anyway, it was for sure good PR for him and a good way to sell his book. LOL

btw, Connolly started working for the Confederation of British Industry and after the EU he worked 11 years for... AIG

Thu, 02/07/2013 - 11:58 | 3223079 Azannoth
Azannoth's picture

"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."

It's the exact opposite the Euro(EU) is/was supposed to be a financial solution to a political problem(how to unite and make Europe safe for all Jews and their business interests)

Thu, 02/07/2013 - 11:58 | 3223083 Spastica Rex
Spastica Rex's picture

"Silverlight?" WTF?!

Thu, 02/07/2013 - 11:58 | 3223085 LongSoupLine
LongSoupLine's picture

Fuck you Soros you book talking fucking hedge fund old stinking ass.

 

You have just as much to destroy good national wealth than any fucking EU member has, you fucking piece of dried up pig shit.  FUck off and die asshole.

Thu, 02/07/2013 - 12:01 | 3223096 TrumpXVI
TrumpXVI's picture

Why don't you tell us how you really feel about him? ;-)

Thu, 02/07/2013 - 14:50 | 3223655 resurger
resurger's picture

i was looking for this post +1

Thu, 02/07/2013 - 12:00 | 3223091 forrestdweller
forrestdweller's picture

darth vader without helmet.

evil.

Thu, 02/07/2013 - 16:07 | 3223926 viahj
viahj's picture

it took an undertaker's cosmetic application to pass this POS off as alive for the camera. 

Thu, 02/07/2013 - 12:03 | 3223104 Big Corked Boots
Big Corked Boots's picture

Soros is a shit. Fucking nazi collaborating, government crushing spawn of satan that would profit from any kind of revolution in Europe or in any other place for that matter. At 81 you would think he might consider redeeming himself, but he will live on like some spectre of evil that will cloud humanity and ensure darkness for all eternity. Hell would be too good for him. He will live longer while Beezelbub tries to figure out how to prevent a takeover of his domain.

Thu, 02/07/2013 - 12:09 | 3223124 Big Corked Boots
Big Corked Boots's picture

And when he finally dies, he should be cremated in a pile of dry pig excrement and his minions be forced to breathe in the fecal smoke and ash of his body.

(Trying to calm down... I'll get over it... Need a drink...)

Thu, 02/07/2013 - 12:03 | 3223106 williambanzai7
williambanzai7's picture

THEORY OF REFLEXIVITY

Thu, 02/07/2013 - 12:17 | 3223166 JR
JR's picture

Sheer genuis, Banzai. The problem in three words.

Thu, 02/07/2013 - 12:07 | 3223116 JR
JR's picture

"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." -- Soros

The bankers blame Germany for what they do.

It’s clear this is a banker-created crisis in an attempt to compact Europe into single political control by the central banks, and Soros participated all along. And now that the bankers have bled Europe dry, it’s “Germany's austerity program” that is "counter-productive," that "cannot actually succeed."

True to form, the fall guy is always Germany, i.e., the German people. And make no mistake that the European Central Bank is tied to the US Treasury and its owner, the privately own, self-named “U.S. Federal” Reserve.

It is a myth that central banks in western nations are independent and it is a myth that the EU can be independent of the power coming from the Fed and its Goldman Sachs’ tentacles. Ironically, it has been the prosperity created by the American system that provided the value now being sapped by the Fed to provide the power leverage.

And, of course, the discipline and prosperity of the German citizens is being stolen by the bankers as well to be used to finance a single European political unit. And when the German people are reluctant to deliver more to the bankers, as Soros bemoans, they are categorized as the problem.

Soros is pulling out his money because there’s no more to pillage. And now Soros “ fears rebellion could destroy the EU." Hahahahahaha…  Sob… (no pun intended)

Thu, 02/07/2013 - 12:07 | 3223121 Dan Conway
Dan Conway's picture

Soros complains about the german austerity program but shouldnt this be seen as a positive by the takers?  If I were a taker, I wouldn't want all of us to be on the dole.  If I were a taker, I would want somebody working hard, purchasing crappy govt bonds, and willing to make further cuts to help the lazy takers, I mean, less fortunate people.  You can't make this stuff up. 

Thu, 02/07/2013 - 12:07 | 3223122 Yen Cross
Yen Cross's picture

 

       The bund is negative 3 basis points from flat before Draghi. That should be good for Piigs spreads going into Friday. /sarc.

 Let's go for the hat trick, and get some really shitty news out of China later. (05:30 gmt aprox.) CPi and PPi, Trade Balance.

 

Thu, 02/07/2013 - 12:08 | 3223127 From Germany Wi...
From Germany With Love's picture

Soros' analysis = BS.

Neither austerity nor Keynesian money-printing is the way to resolve the crisis. The crisis is triggered by uncertainty surrounding things such as counter-party risk and huge financial bombs that may or may not (heh) lay dormant in the balance sheets of financial institutions. As such the crisis is caused by lack of transparency, especially lack of transparency regarding exposure to risks. And if that is true, what we have is an accounting crisis. Repo 105 anyone?

Thu, 02/07/2013 - 12:09 | 3223131 medium giraffe
medium giraffe's picture

"I am terribly concerned about the euro potentially destroying the EU"

Suddenly grown a conscience have you? Ticking clock getting louder is it? Deathbed conversion looking like a good hedge, eh?

 

Thu, 02/07/2013 - 13:56 | 3223449 Flatchestynerdette
Flatchestynerdette's picture

Love your post.

Still, Soros blames Germany when Germany is only looking to not go down the toilet like the rest of europe. I feel for the Greek people but until they get out of the EU? They deserve what they get.

Now, I don't know if its their leaders (?) who tell them they'll leave the EU if voted in and then don't leave the EU once sworn in (?) but some shenanigans happen when the people vote for parties that say "GET US OUT OF THE EU" and that party wins enough seats to join with the other party that is quasi-anti-EU to make a majority yet still - Greece is in the EU.

Spain too. What's going on? Iceland divorced. So do you have to be an island far far far away from the arms of the EU to get away?

What's really going on here?

Thu, 02/07/2013 - 15:43 | 3223851 Bandit und Buster
Bandit und Buster's picture

"What's really going on here?"

What's really going on here is what went on in France in the 1890s, Russia in 1917, Germany in the 30's, and is planned for greater EU and USA in 2013-14.  Same people, same plan, just wrapping up really.

Read "The Nameless War" if you really want the history.

http://iamthewitness.com/books/Archibald.Maule.Ramsay/The.Nameless.War.pdf

www.synagoguerising.com

Sat, 02/09/2013 - 04:01 | 3225061 matrix2012
matrix2012's picture

The Controversy of Zion  (7,828,915 bytes)

By DOUGLAS REED

This book was written in 1951-1956 but first published in 1978 by Dolphin Press (Pty) Ltd., Durban

ISBN: 0-939482-03-7

 

Several times republished and reprinted by Veritas Publishing Company Pty., Ltd., Bullsbrook, Western Australia

ISBN 0-945001-38-X  587 p.

 

This book has been made available in <html> format at this address: 

<http://www.nationalvanguard.org/docs/reed.html> in 2004.

We have corrected many misprints. See also: < http://knud.eriksen.adr.dk/Controversybook/index.htm> 

The <pdf> version by AAARGH, December 2004: http://aaargh-international.org

In his day, “Douglas Reed was on everyone’s lips; his books were being sold by the scores of thousand, and he was known  with intimate familiarity throughout the English-speaking world…one of the world’s leading correspondents,” says the writer of the Preface, Ivor Benson. But by the end of the 1940s Reed had almost vanished from the scene. The likely reason for his exile was Reed’s book, Far and Wide, which took a critical look at the history of the United States. We might say the second and decisive reason was his discovery of Israel’s connection to that history. Of himself Reed says, “I am a fairly obscure person and when I went to America in 1949 was almost unknown…the publication of most of my books having been prevented by the methods above described. I found that the ADL watched me like a hawk from my arrival and from this first realized its immense spread and vigilance.” After having been invited to a dinner party by the “cousin” of a friend, Reed says, “I learned a year later that he was head of the ADL’s New York office…and thereafter the ADL knew my every movement. They knew about the book I was writing and when it was ready for publication the ‘cousin’ approached the American publisher of an earlier book of mine with a pointed request to know if he contemplated issuing this one; a man of discretion, he answered No. Three years later, in 1952…the American Legion’s magazine at Hollywood published some five hundred words from it. The ADL at once demanded a retraction from the Hollywood commander of the Legion…No inaccuracy was alleged; the deputation just called the book ‘anti-semitic.’”(346)

Commencing in 1951, Reed spent three years in the New York Central Library amassing this 300,000 word treatise, The Controversy of Zion, which itself became a controversy and remained in obscurity for almost 20 years before it was published. After his research, Reed concluded: “The peoples of the Western nation-states are deprived of information in the matters most vitally affecting their present and future, by a press which (they are continually told) is ‘the freest in the world.’”(346-7)

I must say, by the time one gets to the end of Reed’s book, if it is all true, one cannot escape the conclusion that almost everything we see, hear and feel is an ILLUSION created by the powers-that-be, and an overwhelming amount of those powers reside in the Zionist cartel of bankers, politicians, government officials, lobbyists, journalists, educators, scientists, professionals and Hollywood producers.

Reed’s book is filled with many facts, figures and original source quotes and thus his case is very convincing and formidable. Notwithstanding I can hardly do justice to the book in the limited space I have. I can only reveal the major themes and ideas  running through his 585 pages.

 

Review of 'The Controversy of Zion'  (800,911 bytes)

Author: Douglas Reed

ISBN: 0-945001-38-X

First Published: 1978

Reviewed by Robert Sungenis

 

The Synagogue of Satan by Andrew Carrington Hitchcock  (4,439,602 bytes)

And he would not live to see his people fulfil bible prophecy, as the, "Synagogue of Satan." It turns out Vidal's stepfather, Hugh Auchincloss, subsequently wed Jackie Kennedy's mother, Janet Bouvier. This Lieutenant, who would rise to the post of Senior Historian, United States Army and would retire as...

 

Lectures on the Holocaust: Controversial Issues Cross Examined by Germar Rudolf  (14,120,675 bytes) 

The author, a chemist, is jailed in Germany for more than a year for writing scholarly books as above!

 

 

 

Thu, 02/07/2013 - 16:21 | 3223965 medium giraffe
medium giraffe's picture

Love your Cylon :)

 

Maybe you are right and the Greeks should pull an Iceland, but don't be too harsh on the populace.  The 'lazy Greek tax dodging bastard' image we've been sold could very well be contrary to the truth - I recall seeing a chart that showed the Greeks actually working longer hours than the Germans.  Their entry into the Euro was only facilitated by some shitty Goldman back door tactics, and if the wishes of the people were really represented by their government there would be no need for quite so many fire extinguishers in Syntagma square.

 

The EU has failed - it's just a matter of time until the Spanish unemployment, Cyprus implosion, Greek exit, Italian election debacle etc etc kills it dead.  I'm still astounded that the idea of forcing a collective currency on such vastly different economies was thought to be a good idea - you need to be able to set controls on your own currency in line with your sovereign debt obligations / exports / inflation targets etc.  The only reason I can see for closer European integration is to prevent another pan-European war, but the Euro currency is a step too far.  I was in Germany when the Euro came in, and it was so incredibly painfull and costly to businesses and the man in the street, heartbreaking stuff...

Thu, 02/07/2013 - 12:10 | 3223132 TuesdayBen
TuesdayBen's picture

Huh? On the contrary, WaPo columnist D Ignatius today writes from the Munich Security Conference that 'the relief that the Eurozone crisis has largely passed was palpable here' and 'confidence and liquidity are returning to European markets'.

Who ya gonna believe?

Thu, 02/07/2013 - 12:12 | 3223149 JR
JR's picture

Your lyin' eyes.

Thu, 02/07/2013 - 12:12 | 3223148 israhole
israhole's picture

Soros is a prominent player in your Jew World Order.   

Thu, 02/07/2013 - 12:14 | 3223158 SoundMoney45
SoundMoney45's picture

At 28:36 the commentator asks Soros  "You know something about money, do you have your own savings in Euros?"  Soros answers, "no <laughs> no"

Perhaps everyone should emulate Soros's here.

Thu, 02/07/2013 - 12:15 | 3223160 dexter_morgan
dexter_morgan's picture

and he just keeps 'droning' on..............

Thu, 02/07/2013 - 12:15 | 3223161 Quinvarius
Quinvarius's picture

Soros changes sides as fast as he gets inside information from the people's whose money he manages.  The dude is a clown and an inside trader who is basicly a money launderer for policy setters.  If there is a political decidion to devalue a currency, the people involved gives Soros some of their money to manage and tell him all about it.  That is exactly what happened when Soros knew about the pound devaluation, yet the talking heads try to spin it as if he broke the pound.  LOL.  The dude is a complete criminal. 

Thu, 02/07/2013 - 12:18 | 3223171 Rathmullan
Rathmullan's picture

soros is a liar and a coward. I believe nothing that spews out of his vile and rotting body.

Thu, 02/07/2013 - 13:47 | 3223421 Flatchestynerdette
Flatchestynerdette's picture

True. He's probably all in. Some scenario like buying up the toxic greek bonds knowing that America's Bernanke will save the day - we're doing that NOW! He's just using Greece as a front.

Thu, 02/07/2013 - 12:23 | 3223180 Inthemix96
Inthemix96's picture

Listen up soros you Nazi-colaborating, front running, nation wrecking cunt.

Some folks memories aint as bad as yours it seems.  You should have been dead a long time ago you fucking puke of a sell-out.  I will drink deep in a toast when I find the devil has pulled your worthless soul full of shit down to the depths of hades, you fucking dog.

I hope all your material gains was worth it you fucking pathetic excuse of a human skin.  I wish you, your family, and anyone who profited from being associated with you nothing but a long drawn out horrible death.  Remember you cunt, the devil himself has words for you, I hope they last an eternity.

Fucking criminal Nazi bastard.

Thu, 02/07/2013 - 18:24 | 3224368 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

You must run George's Facebook Fan Club page.

Thu, 02/07/2013 - 12:24 | 3223183 smartstrike
smartstrike's picture

There is nothing new in what he says. But his comments on the Euro are spot on: the European Union is being torn apart by issues stemming from adaption of the Euro. You no longer even have parliamentary democracies, banking technocrats dictate trans-national policies with the main goal being of repaying German debts--this is just the opposite of Versailles Treaty.

Countries like Greece need to dump the Euro, and repay Germany with worthless drachma.

Thu, 02/07/2013 - 12:47 | 3223267 From Germany Wi...
From Germany With Love's picture

Yeah but how will they continue to get the nice and shiny German cars and machines after that? If they didn't want them, they could have stopped buying them long ago. The truth is that the products will continue to be in demand and countries like Greece will have nothing to trade with in exchange.

Thu, 02/07/2013 - 12:28 | 3223192 gdiamond22
gdiamond22's picture

I hope the euro goes up just in spite of this communist cockmaster.

Thu, 02/07/2013 - 12:31 | 3223201 q99x2
q99x2's picture

Put that mummy artifact in an oxygen tent and be done with it already. Soros will go down in history as one of the most disgusting humans that have lived. Arrest him while there is still time.

Thu, 02/07/2013 - 13:59 | 3223460 Winston Churchill
Winston Churchill's picture

Robert Maxwell was his mentor.

Thu, 02/07/2013 - 12:33 | 3223205 Miles Kendig
Miles Kendig's picture

Darth late to the party, as always.  Must be from subsisting on a la carte

Thu, 02/07/2013 - 12:38 | 3223217 IamtheREALmario
IamtheREALmario's picture

While I understand that the evil ones who think they are Satan's gift to the world want to create one world technocratic government, they should also understand that one government is inherently less stable than a massively divided structure where no one has enough power to dictate to others with impunity. Not having a huge amount of power tends to keep the psychopaths in line.

At some point the evil ones will no longer provide enough utility to justify their existence and at that point there should be a change. It will most likely come with a generational change. I know they are trying to prevent the change through both corruption and voilence ... and they believe that by decreasing the world's population they will be relatively stronger. My hope is that they will fail... although at present they are winning.

Thu, 02/07/2013 - 13:40 | 3223255 moonstears
moonstears's picture

I'd imagine that for Mr Soros hell comes, and quickly. Also, it's not the welcoming kingdom he believes it to be.

Thu, 02/07/2013 - 12:39 | 3223220 4exNinja
4exNinja's picture

Reading a lot of the comments I get the impression that fool Glenn Beck has multiple accounts on ZH :(

Thu, 02/07/2013 - 14:00 | 3223463 busted by the b...
busted by the bailout's picture

You must be new.  Stick around; it gets even better.

Thu, 02/07/2013 - 14:10 | 3223500 chindit13
chindit13's picture

It's not him, it's just his sheeple who got all of their "original" thoughts from him.  They're harmless.  It just makes them feel good to be part of the greater flock.

Thu, 02/07/2013 - 12:47 | 3223230 virgilcaine
virgilcaine's picture

Welcome to the Zombie economy George.. ur on the menu when the rebellion takes hold. Picture the torches marching up to his Castle.. banging on the Gate to get in.

Thu, 02/07/2013 - 12:41 | 3223233 MaggieL
MaggieL's picture

Fuck silverlight.

Thu, 02/07/2013 - 12:48 | 3223271 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

"The Euro is transforming the European Union into something very different from the original conception"

NO shit George?Well I've got news for you,the rapidly diminishing white nationalities that are being ethnically cleansed by uncontrolled immigration across the EU seem to have got the impression thirty or forty years ago they were joining a common free trade area,a kind of European trading zone that would be of benefit to all.

And look what we have ended up with, a trojan horse of a common currency,an all controlling central bank,ultimately leading to one central government for all countries,national laws superceded by the European Human Rights legislation and last but not least the total loss of sovereignty and national identity by the indigenous white poulation being outbred by the immigrants deliberatley imported to replace them.

So your not alone George,we all were sold down the river by our corrupt/naieve/incompetent politicians,many of whom still cannot see where it is ultimately heading.

Thu, 02/07/2013 - 13:42 | 3223401 Blazed
Blazed's picture

"So your not alone George,we all were sold down the river by our corrupt/naieve/incompetent politicians,many of whom still cannot see where it is ultimately heading."

You mean Soros is not alone in pushing for and causing the current situation. Simply watch what he and his brethern do. Across the board, small and large player alike, they have funded, promoted and pushed for the financial, economic, cultural/social destruction of Euorpe.

http://greece.greekreporter.com/2012/10/31/soros-plans-homeless-immigran...

http://www.youtube.com/watch?v=k2Vq_e2Z1ug

 

Thu, 02/07/2013 - 15:32 | 3223818 groundedkiwi
groundedkiwi's picture

The point of all the immigrants, is so we can fight each other and not our masters.

Thu, 02/07/2013 - 16:10 | 3223937 Bazza McKenzie
Bazza McKenzie's picture

The EU is very different from what was sold to the public by evil, dishonest politicians.  It is not different from the "original conception" of its proponents, who knew where they wanted to go with a new EUSSR.

Thu, 02/07/2013 - 13:02 | 3223293 Mongo
Mongo's picture

about the 90s: "Back then a billion dollars was still a lot of money" LOL

Thu, 02/07/2013 - 13:06 | 3223302 random thoughts
random thoughts's picture

What an amazing guy Soros is.  How can he possibly criticize corruption when he and Madeleine Albright built APR Energy from nothing to $855 million in about 10 years!  How did you get all those deals in developing countries, George? I guess we are to believe that it was Madeleine's long and distinguished track record in business development and management that got all those deals!?!?  Absolute hypocrite. 

And why decry only corruption in energy development?  If the public sector is corrupt, then it's most likely systematically corrupt.

As for his criticism of austerity, ie countries living within their means- it's simply indefensible. 

The real problem is the euro itself, and the transfer of sovereignty from individual, accountable countries to Brussels.

Thu, 02/07/2013 - 13:22 | 3223344 Bokkenrijder
Bokkenrijder's picture

The Dutch public (i.e. STATE OWNED, paid for by taxpayer money!) broadcasting stations are notoriously left wing, so all the talk about less osterity, more government printing and more legislation to fight evil capitalistic corporations like Shell are like manna falling from the heavens!

Soros is just a 'salon socialist,' someone who will NOT tell you where they park/hide their money, but WILL stir the MSM rumour mill in order to make more money for themselves. YUK!

Thu, 02/07/2013 - 13:33 | 3223375 Meat Hammer
Meat Hammer's picture

I had a dream last night that we the people had captured Soros, Benny the Banker, Blankfein, Big Sis, et al, and had strung them up by their ankles in the town square.  They were begging for their pathetic lives as the people bludgeoned them.  It was beautiful.

Then my alarm went off.  I've never slammed a snooze button harder in all my life.

Thu, 02/07/2013 - 13:40 | 3223394 Flatchestynerdette
Flatchestynerdette's picture

If Evil wanted to disguise itself and move about the populace, shaking hands, having lunches, and introducing itself - it would present an embossed card on white vellum with black ink: GEORGE SOROS

Thu, 02/07/2013 - 13:48 | 3223425 Dareconomics
Dareconomics's picture

Germany is acting in its self-interest. The euro is a great deal for the Germans, because it is a weak currency that feeds their export machine. It is not such a great deal for the other countries. For example, the fair value of the euro for Germany is $1.53, but it is under a $1.20 for Greece and Italy:

http://dareconomics.wordpress.com/2013/02/06/two-eurozones-2/

 

Thu, 02/07/2013 - 13:56 | 3223450 lasvegaspersona
lasvegaspersona's picture

Examine the balance sheet of the Euro and then the Fed. They are quite different. As gold rises (in dollar price) the Euro looks better while the dollar looks worse. If the dollar hyperinflates the Euro still has a balance sheet the Fed does not. Ultimately I believe the Euro will survive. Someday, when a strong currency is a good thing again, the Euro will be a decent currency. The 'New Dollar' will be structured like the Euro. Ultimately the Yuan must come around too. Look at the structure of the Euro....it is NOT the same as the dollar...and that is a big deal.

Thu, 02/07/2013 - 14:02 | 3223473 lasvegaspersona
lasvegaspersona's picture

Ultimately the various countries in the EZ must find a way to work through the difference in production in those countries. The Greek cannot expect to be paid at German rates if Greece does not produce enough to warrant that pay. Greece must pay the same for oil as everyone else but it will always be hard if you are just exporting olives and boats. Until 'adjustments ' are made the problems of a single currency will persist. Dealing with differences in production is at the heart of the Euro problem as it pertains to the EZ countries.

Thu, 02/07/2013 - 14:38 | 3223555 Rustysilver
Rustysilver's picture

Soros was born in Hungary.  So, how many trucks had to change hands befor Soros got out of Nazi Hungary.

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