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George Soros Warns "Central Banks Are Creating Financial Instability"

Tyler Durden's picture


While the crisis in Europe is first in Goerge Soros' mind because it is the "hottest" risk flare currently, his biggest concern in what he calls the "disarray in global cooperation," or what we would call 'dueling central banks'. "The almost universal adaptation of quantitative easing," worries him and he notes that "Europe is the last bastion of orthodoxy," in this regard as the aging hedgie warns, "Europe is entering a situation that Japan is desperate to escape from," as "Japan has just abandoned - after 25 years of stagnation - a process that Germany is just in the process of imposing on Europe." But perhaps his clearest concern in this brief clip is that no matter what we are told, the central banks' actions are 'creating' increasing financial instability because, "let's face it, quantitative easing is really and directly competitive devaluation." But it is his comments on the actions of the BoJ that should be most concerning as he stated to CNBC, "What Japan is doing is actually quite dangerous because they are doing it after 25 years of just simply accumulating deficits and not getting the economy going," as he fears should they actually get something [inflation] started, "they may not be able to stop it." If the yen starts to fall, which it has done, and people in Japan realize that it is liable to continue, and want to put their money abroad, then "the fall may become like an avalanche."


From INET (brief):


From CNBC (more depth):

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Fri, 04/05/2013 - 09:59 | 3412424 GOSPLAN HERO
GOSPLAN HERO's picture

Soros is a POS.

Fri, 04/05/2013 - 10:01 | 3412433 CH1
CH1's picture

Fuck Soros. Sociopath monster.

Fri, 04/05/2013 - 10:07 | 3412462 Ghordius
Ghordius's picture

perhaps, nevertheless he does know a bit how CBs function

""Europe is entering a situation that Japan is desperate to escape from," as "Japan has just abandoned - after 25 years of stagnation - a process that Germany is just in the process of imposing on Europe.""

is he saying that europe has 25 years of calm, tranquility and slow stagnation ahead? compared to other scenarios in other countries this does not even sound that bad

Fri, 04/05/2013 - 10:16 | 3412505 BigJim
BigJim's picture

When I read between the lines of what he is actually saying, I get the usual "we need more NWO".

I'd trust Soros to have our better interests at heart about as far as I could throw a mile-high stack of FRNs.

Fri, 04/05/2013 - 10:50 | 3412718 The Big Ching-aso
The Big Ching-aso's picture

By the size of those eye bags I bet he has money stored inside them too.

Fri, 04/05/2013 - 11:48 | 3413012 Banksters
Banksters's picture

Ghordius, Europe is going down the shitter in real time.   Hopefully it will lead to the split up of the EU mafia.

Fri, 04/05/2013 - 11:55 | 3413056 Ghordius
Ghordius's picture

perhaps, perhaps. one question out of curiosity, though: is this "EU mafia" - by which I presume you mean the EU Council and the sub-groups like the EuroGroup - more congenial to you if splitted? and if yes, why?

Fri, 04/05/2013 - 10:14 | 3412509 Kirk2NCC1701
Kirk2NCC1701's picture

So, not a nice man like Warren Buffet?  Or do they hate him because "he didn't build that" (wealth)?  ;-)

Fri, 04/05/2013 - 10:16 | 3412525 Bearwagon
Bearwagon's picture

Since when is Warren Buffoon a nice man?!

Fri, 04/05/2013 - 10:48 | 3412697 Kirk2NCC1701
Kirk2NCC1701's picture

Was the ;-) wink too subtle for you and your up-arrow pals?  Sheesh!

Fri, 04/05/2013 - 11:09 | 3412822 Bearwagon
Bearwagon's picture

Okay, now I up-arrowed you. Was there anything else, I can do? Come on, man, it's friday, you know what that means, don't you? And, just in case you don't:  :)

Fri, 04/05/2013 - 11:25 | 3412904 teolawki
teolawki's picture

Uncle Warren likes ice cream cones. Doesn't that prove he's a nice man?

Fri, 04/05/2013 - 10:26 | 3412529 Anasteus
Anasteus's picture

Good morning, George! When you discover you're part of it, let us know again.

Or, are you already preparing us for the final takeover?

Fri, 04/05/2013 - 10:22 | 3412577 jjsilver
jjsilver's picture

You won't get our Arms scumbag, you are all going to Jail

Fri, 04/05/2013 - 10:28 | 3412613 ATM
ATM's picture

he wont make it to jail.

Fri, 04/05/2013 - 10:03 | 3412440 Pinto Currency
Pinto Currency's picture

This ass has said nothing about cb intervention and now he is a concerned citizen.


Fri, 04/05/2013 - 10:06 | 3412471 EINSILVERGUY

Soros is the AntiChrist.  Years from now when they write the epitaph for America, they will find out how extensive he directed the destruction of this nation. Obama is his picked right hand man demon child

Fri, 04/05/2013 - 10:17 | 3412542 eigenvalue
eigenvalue's picture

If Soros is an Anti-Christ, then I must be a devil in your opinion because I'm a Mammonist. Money is my shepherd!

Fri, 04/05/2013 - 10:28 | 3412602 Ghordius
Ghordius's picture

do Mammonists believe in an afterlife? if yes, how does it look like?

Fri, 04/05/2013 - 10:31 | 3412626 eigenvalue
eigenvalue's picture

No. Après moi, le déluge

Fri, 04/05/2013 - 11:49 | 3412957 Ghordius
Ghordius's picture

does this mean that with advancing age your shepherd's value to you decreases? funnily for many seriously rich people this means that they need moar of it ;-)

Fri, 04/05/2013 - 10:49 | 3412716 Schmuck Raker
Schmuck Raker's picture

Actually, Michael J. Fox is the anti-christ.

Fri, 04/05/2013 - 10:52 | 3412728 The Big Ching-aso
The Big Ching-aso's picture

I think you're on shaky ground with that opinion.

Fri, 04/05/2013 - 15:30 | 3413861 LFMayor
LFMayor's picture

And Elvis is in Joan Rivers, but he's trying to get out!
He's trying to get out man!!!

Sat, 04/06/2013 - 12:35 | 3416304 highrise
highrise's picture

"I think you're on shaky ground with that opinion."

I felt bad for laughing at that

Fri, 04/05/2013 - 10:09 | 3412488 mayhem_korner
mayhem_korner's picture



That's because he wants to scare the sheep into filing into the paper investments he's already holding.  That's all he ever does.

Fri, 04/05/2013 - 10:17 | 3412536 tsx500
tsx500's picture

just talking his book.   what else is new.     i'd feel more at ease hiring Jerry Sandusky to run my daycare center than i would entrusting cs Soros to manage a dollar of my money

Fri, 04/05/2013 - 10:14 | 3412513 Crash Overide
Crash Overide's picture

George Soros Warns "George Soros Is Creating Global Instability"

Fri, 04/05/2013 - 10:06 | 3412455 HelluvaEngineer
HelluvaEngineer's picture

Why do evil people live so long? Is it all the baby blood they drink?

Fri, 04/05/2013 - 10:14 | 3412510 BigJim
BigJim's picture

The Blood Libel! Boooo!

Fri, 04/05/2013 - 10:15 | 3412521 TeamDepends
TeamDepends's picture

Possibly.  Also, the nightly spankings in dark robes is good for blood circulation.

Fri, 04/05/2013 - 10:18 | 3412538 Bearwagon
Bearwagon's picture

That's because they know very well, they would be killed with bare hands instantly, if they ever showed up at any place where normal people (like ZHers) could get a hold of 'em. So they don't.

Fri, 04/05/2013 - 10:24 | 3412583 TeamDepends
TeamDepends's picture

Ah yes, bare hands (tears up with nostalgia) the good old fashioned way.

Fri, 04/05/2013 - 11:48 | 3413013 JimBowie1958
JimBowie1958's picture

A hammer-hand to the side of the neck can work wonders.

Fri, 04/05/2013 - 11:42 | 3412980 dark pools of soros
dark pools of soros's picture

you mean the blood from this vampiric cocksuckin religious act?





Fri, 04/05/2013 - 10:07 | 3412469 Super Broccoli
Super Broccoli's picture

is Soros creating financial stability ???

Fri, 04/05/2013 - 10:12 | 3412498 Banksters
Banksters's picture

What a dickhead.


Fri, 04/05/2013 - 10:23 | 3412573 CheapBastard
CheapBastard's picture

Does he still hold his 600,000 shares of GLD?

Fri, 04/05/2013 - 10:50 | 3412719 markettime
markettime's picture

Has anyone noticed how the media all of a sudden has changed its tune about the markets. Its as if they are trying to scare a correction in the markets. ????

Fri, 04/05/2013 - 10:58 | 3412774 viahj
viahj's picture

they need a new crisis (the big financial one) to take advantage of.  dark days ahead.

Fri, 04/05/2013 - 17:19 | 3414330 Chuck Walla
Chuck Walla's picture

Georgi Soros, Hero of the Little Guy, Nazi Collaborator, killer of innocents.  His minions have done his bidding, now he's saying: "Look at them, what they did" as if he had no idea. He must have his positions on and its time to stampede the idiocracy.



Fri, 04/05/2013 - 09:59 | 3412426 H E D G E H O G
H E D G E H O G's picture

Welcome to the party George! You fucking dipshit!

Fri, 04/05/2013 - 11:13 | 3412844 eddiebe
eddiebe's picture

My sentiments exactly, hedgehog. Is this guy a genius or what? Idiots that actually listen to some stupid fuck like Soros must be total morons. We really are in seriously deeper shit than I even thought. 

Fri, 04/05/2013 - 10:01 | 3412427 Tippoo Sultan
Tippoo Sultan's picture

And George Soros' financial machinations create -- ?

Fri, 04/05/2013 - 10:01 | 3412428 buzzsaw99
buzzsaw99's picture

It warms my heart that he cares so much about his fellow human beings. [/sarc.]

Fri, 04/05/2013 - 10:06 | 3412468 G-R-U-N-T
G-R-U-N-T's picture

FYI....Marxism is alive and well and on their way to global destruction...



Fri, 04/05/2013 - 10:19 | 3412430 falak pema
falak pema's picture

he will skim the cream from the CB milk; he is a true condottierre. No prisoners. 

Great swordsman of finance when : the "disarray in global cooperation," or what we would call 'dueling central banks' leads to "when thieves fall out" as Rome's mansions burn, amongst the top oligarchy CB papal circles; then the condottiere jackals can walk in.

The sack of Rome like in 1527. A Colonna...!  

Fri, 04/05/2013 - 10:03 | 3412434 autofixer
autofixer's picture

He is one of TPTB. 

Fri, 04/05/2013 - 10:03 | 3412435 Chump
Chump's picture

Go die already asshole.

Fri, 04/05/2013 - 10:07 | 3412461 Bearwagon
Bearwagon's picture

Maybe we should offer some help with that?

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