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George Soros Warns Greece "Is Going Down The Drain"

Tyler Durden's picture




 

“Right now we are at the cusp," billionaire George Soros tells Bloomberg TV in this brief clip, the chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain." The 84-year-old fears that talks between Greece and 'the institutions' could "break down," adding that  "Greece is a long-festering problem that was mishandled from the beginning by all parties," concluding that the chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain." Finally, Soros notes, what worries him the most is Ukraine.

As Bloomberg reports,

The chances of Greece leaving the euro area are now 50-50 and the country could go “down the drain,” billionaire investor George Soros said.

 

“It’s now a lose-lose game and the best that can happen is actually muddling through,” Soros, 84, said in a Bloomberg Television interview due to air Tuesday. “Greece is a long-festering problem that was mishandled from the beginning by all parties.”

 

Greek Prime Minister Alexis Tsipras’s government needs to persuade its creditors to sign off on a package of economic measures to free up long-withheld aid payments that will keep the country afloat. Since his January election victory, he has tried to shape an alternative to the austerity program set out in the nation’s bailout agreement, spurring concern that Greece may be forced out of the euro.

 

The negotiations between Tsipras’s Syriza government and the institutions helping finance the Greek economy -- the European Commission, European Central Bank and International Monetary Fund -- could result in a “breakdown,” leading to the country leaving the common currency area, Soros said in the interview at his London home.

 

“You can keep on pushing it back indefinitely,” making interest payments without writing down debt, Soros said. “But in the meantime there will be no primary surplus because Greece is going down the drain.”

 

Soros said in January 2012 that the odds are in the direction of Greece leaving the euro region.

 

“Right now we are at the cusp and I can see both possibilities,” he said in Tuesday’s interview.

*  *  *

Soros explains...

 

* * *

And concludes with some thoughts on Ukraine...

...the war in eastern Ukraine between government forces and rebel militia supported by Russia’s President Vladimir Putin concerns him the most.

 

Without more external financial assistance the “new Ukraine” probably will gradually deteriorate and “become like the old Ukraine so that the oligarchs come back and assert their power,” he said. “That fight has actually started in the last week or so.”

*  *  *

 

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Tue, 03/24/2015 - 09:07 | 5921232 Jonesy
Jonesy's picture

Just the way you like it, eh Georgy?

Tue, 03/24/2015 - 09:09 | 5921245 bania
bania's picture

It took 6 episodes of Star Wars for Palpatine to die. What are we on, episode 5 now?

Tue, 03/24/2015 - 09:11 | 5921248 GetZeeGold
GetZeeGold's picture

 

 

Something wicked this way comes....

Tue, 03/24/2015 - 09:20 | 5921274 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

die die die, why wont you die.

 

https://www.youtube.com/watch?v=Ov9ynOC4lPE

 

not a perfect reference, the protagonist and antagonist should be reversed. but hey who here doesnt love a good v for vendetta reference.

Tue, 03/24/2015 - 09:22 | 5921279 Keyser
Keyser's picture

Someone please drive a wooden stake into the heart of this creature... It's long overdue... 

Tue, 03/24/2015 - 09:26 | 5921292 rpboxster
rpboxster's picture

or at least try some garlic or daylight

Tue, 03/24/2015 - 09:35 | 5921306 GetZeeGold
GetZeeGold's picture

 

 

"Hello. My name is Adalbaro Agamemnon. You killed my father. Prepare to die."

Tue, 03/24/2015 - 09:36 | 5921324 NoDebt
NoDebt's picture

A guy worth billions you think he'd get those bags under his eyes taken care of.  Probably heard about what happened to Joan Rivers and decided..... mmmm, no.  I'll pass on giving my enemies a chance to make it look like a surgical accident.

Tue, 03/24/2015 - 09:49 | 5921358 BringOnTheAsteroid
BringOnTheAsteroid's picture

Even his skin is repulsed by him and is trying to get away.

Tue, 03/24/2015 - 09:53 | 5921367 Latina Lover
Latina Lover's picture

Soros is worried most about the Ukraine because he stands to lose the most and/or earn the least profit from the misery of others.

Hopefully for him, when he dies, he is buried in an unmarked grave.  Imagine the farewell flowers, thank you notes  and fertilizer that would grace his grave.

Tue, 03/24/2015 - 10:12 | 5921421 Stuck on Zero
Stuck on Zero's picture

Instead of causing and profiting off of the misery of others why doesn't he use his considerable fortune to help the Ukranians and Greeks.

Tue, 03/24/2015 - 10:33 | 5921491 JRobby
JRobby's picture

Preposterous!

This man is an agent of Satan.

Tue, 03/24/2015 - 11:20 | 5921629 nope-1004
nope-1004's picture

If the current "economy" in Greece is bad while under the control of the EU oligarchs and handlers, like Soros, can it get any worse if they Grexit?  I'd hate to see what their economy might be able to do upon exiting this awesome economic union that they have been forced to remain in.

The truth is, anything is better than the current situation.  Default already, then life and the economy can move as it is intended, instead of how a few moneymen like Soros wish it to go.  If Greece exits and the Ukraine moves back under Russian influence, Soros won't be able to use those countries as economic weapons to further his political agenda for profit, and THAT is what he fears most.

Everything else he says is pure lies.  Vast sums of money accumulation by any one individual clearly comes at the expense of your fellow brother, so it stands to reason that he is a very selfish and dishonest person.  The video also shows a man with notable cerebral deterioration - he hasn't got long to live.

Tue, 03/24/2015 - 11:22 | 5921680 strannick
strannick's picture

Imagine at his age, still scheming to implement his shitty will.

Go for a hike. Volunteer somewhere. Read a classic (Russian)

Tue, 03/24/2015 - 12:52 | 5922013 Pinto Currency
Pinto Currency's picture

 

 

For the guy who visibly helped finance the coup and chaos in the Ukraine with his NGO's, he's now worried about the mess he created with the Necons.

Soros was booted out of Russia in the 1990s for reasons that are becoming clear.

Tue, 03/24/2015 - 13:41 | 5922181 Gambit
Gambit's picture

"Without more external financial assistance the “new Ukraine” probably will gradually deteriorate and “become like the old Ukraine so that the oligarchs come back and assert their power,” he said. “That fight has actually started in the last week or so.”

 

HahahahahA! Oligarchs coming back! hahahahah... fucking biggest liar if there ever was.  Oooops Soros you forgot about your friend billionair and oligarch Igor who has a fucking private army of 4000+ 

"A billionaire with his own private army is fighting the government in Ukraine"


Read more: http://www.businessinsider.com/billionaire-tycoon-igor-kolomoisky-on-a-dangerous-collision-course-with-ukraine-government-2015-3#ixzz3VKHHOH7r

Tue, 03/24/2015 - 15:44 | 5922640 angel_of_joy
angel_of_joy's picture

Unless it's about how HE is going down the drain, I'm not terribly interested in Soros' warnings.

Tue, 03/24/2015 - 11:39 | 5921769 StormDrain
StormDrain's picture

notable cerebral deterioration - he hasn't got long to live.

 

 

From your mouth to God's ear!

Tue, 03/24/2015 - 12:26 | 5921931 Ghordius
Ghordius's picture

"while under the control of the EU oligarchs and handlers, like Soros..."   sure, because Soros is an "EU oligarch", instead of a financial tycoon based in New York

Tue, 03/24/2015 - 12:43 | 5921991 Mayer Amschel R...
Mayer Amschel Rothschild's picture

"The Man Who Broke the Bank of England?"

Tue, 03/24/2015 - 12:35 | 5921959 Fukushima Fricassee
Fukushima Fricassee's picture

or Satan is an Agent of Soros

Tue, 03/24/2015 - 12:51 | 5922010 Syrin
Syrin's picture

I think you just insulted Satan

Tue, 03/24/2015 - 10:33 | 5921492 Thirst Mutilator
Thirst Mutilator's picture

7 years of college DOWN THE DRAIN!

Tue, 03/24/2015 - 12:17 | 5921903 Totentänzerlied
Totentänzerlied's picture

"Instead of causing and profiting off of the misery of others why doesn't he use his considerable fortune to help the Ukranians and Greeks."

No amount of money can do that.

Tue, 03/24/2015 - 13:33 | 5922131 Mountainview
Mountainview's picture

He is long Ukraine, short Greece!

Tue, 03/24/2015 - 11:56 | 5921842 Boxed Merlot
Boxed Merlot's picture

buried in an unmarked grave...

 

Likely already has his plot bought and paid for on the Mount of Olives in Jerusalem, right next to the rest of his buddies.  I wonder which name will be used when he's called to account by the Almighty?

Tue, 03/24/2015 - 13:25 | 5922101 my_nym
my_nym's picture

White Storm Troopers getting restless with the Sith Lord of the Farce:

Timeline:

  • The US paid for a violent coup in the Ukraine, mainly through neo-Nazi groups run by Jews (some actually being led by IDF soldiers)
  • Obama said people on the payroll of the US State Department firebombing the police were “peaceful protesters”
  • False flag shootings took place, the capital was stormed, the democratically elected leader was forced to flee the country
  • An unelected coup government, almost entirely made up of Jews, was put in place by the neo-Nazis
  • Putin decided he wanted to keep Crimea, and the people there agreed, voting overwhelmingly to not be a part of the non-elected coup government
  • The West began sanctioning Russia for allowing Crimea to escape the coup and the overwhelming poverty that would come with it
  • Others in the East of the Ukraine decided they also didn’t want to be a part of the coup, and voted, again overwhelmingly, to secede from the unelected government
  • The unelected government began bombing civilians for voting to secede
  • The US, Merkel, et al, said that an unelected coup government bombing civilians was freedom and democracy
  • Someone – apparently Poroshenko and the Jewkraine coup – shot down a Malaysian passenger jet; first Putin was personally blamed, but when it became obvious someone on the other side committed this act of mass murder, the media stopped talking about it completely
  • Putin was further sanctioned, to the point his economy crashed major
  • Putin retained popular support
  • Two Minsk treaties failed because the Jews running the Ukraine continued to slaughter civilians after signing peace deals
  • The alleged “international community” started calling for war with Russia over a useless former communist poverty zone in East Ukraine
  • The US started holding military parades in the Baltic states
  • The US congress called for Obama to engage in open war in the Ukraine

 

Daily Stormer

 

Google it.  Yup, more Nazis...  White Storm Troopers ready to play their part in the Farce one more time.

 

The Sand People are still raiding.... and "the Jedis" are getting nervous.

 

 

 

 

Tue, 03/24/2015 - 10:44 | 5921530 chunga
chunga's picture

I bet his personal medical staff feeds him concentrated embryos three times a day.

Tue, 03/24/2015 - 10:58 | 5921598 Anasteus
Anasteus's picture

The mere fact that George can speak is admirable in and of itself.

Tue, 03/24/2015 - 12:16 | 5921901 Eeyores Enigma
Eeyores Enigma's picture

"George Soros Warns Greece "Is Going Down The Drain"

And how does he know that...? because he helped pull the chain.

Tue, 03/24/2015 - 09:30 | 5921303 The Wizard
The Wizard's picture

Don't forget his handlers. Soros is a front man.

Tue, 03/24/2015 - 10:10 | 5921414 Max Steel
Max Steel's picture

I would love to beat the shit out of Soros and Kissinger with my bare hands .

Tue, 03/24/2015 - 11:01 | 5921501 JRobby
JRobby's picture

Soros vs. Kissinger - Cage Fight To The Death! Our special electrified cage is dunked into a pool of water every 45 seconds while charged with 880V.

Who Will Win?

Contact your cable or satellite provider.

Tue, 03/24/2015 - 13:47 | 5922202 Gambit
Gambit's picture

+1000 LOLLLLLLLLLLLLLLLLLLLLL

Tue, 03/24/2015 - 09:31 | 5921307 smlbizman
smlbizman's picture

best proof ever there is no god of any kind anywhere....

Tue, 03/24/2015 - 09:42 | 5921338 froze25
froze25's picture

He along with others like him (so called elites) have discovered that blood transfusions from young children have a positive affect on slowing the aging process.  Look it up its true.  Sad but true.  Modern day Vampires in more ways than one.

Tue, 03/24/2015 - 11:12 | 5921655 PTR
PTR's picture

Thousands upon thousands of kids go missing every year.  Just saying.

 

In other news, pedophilia among the elites continues basically unabated.

Tue, 03/24/2015 - 12:18 | 5921909 vesna
vesna's picture

If WWIII starts it will be high chance he lives longer than the Fight club members.

Tue, 03/24/2015 - 09:38 | 5921328 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

when are the tylers going to get a podcast or a youtube channel going. they can remain anonymous in interviews by writing out the questions or using guy fawkes masks and masking their voices. or cut up a bunch of audio clips of tyler durden from fight club. get on it.

Tue, 03/24/2015 - 09:45 | 5921342 Bokkenrijder
Bokkenrijder's picture

And then what? Who would they interview, apart from the usual goldbug suspects? You think Janet Yellen would appear? Or Soros? Or Steve Liesman? Or Jim Cramer? Or anyone from the Muppetbranch department at Goldman Sachs?

Tue, 03/24/2015 - 10:13 | 5921425 Max Steel
Max Steel's picture

Little do you know but Tyler( the one who started this initiative ) himself is an ex-employee of Goldman Sachs . He's an Austrian .

Tue, 03/24/2015 - 10:37 | 5921507 JRobby
JRobby's picture

"ex-employee of Goldman Sachs"

Who better to expose the filthy nature of their corrupt culture?

Tue, 03/24/2015 - 10:51 | 5921569 chunga
chunga's picture

Tyler is now also involved in a class action lawsuit against the Pressman Hotel over the urine content of their soup.

Tue, 03/24/2015 - 11:31 | 5921694 Bokkenrijder
Bokkenrijder's picture

"Little do you know but Tyler( the one who started this initiative ) himself is an ex-employee of Goldman Sachs . He's an Austrian ."

Well, then let's get Tommy Stolper & Lloyd Blankfein their own columns here on ZH then! LOL! (actually Stolper has his own column except that it's written for him, not by him)

p.s. always thought that Tyler was Bulgarian.

Tue, 03/24/2015 - 10:51 | 5921568 Utah_Get_Me_2
Utah_Get_Me_2's picture

He's kept alive by the blood of young children used up in London pedophile dungeons. The man is like a Ring Wraith of Sauron.

Tue, 03/24/2015 - 10:24 | 5921450 a common man
a common man's picture

The caption stated "Soros explains..."  should read:

Soros Explains The Obvious. ( well maybe mumbles the obvious...)

So, if a guys makes a billion dollars he automatically becomes an "elder statesman" and gets to use Bloomberg TV to his agenda? I mean it is not like he is a dynamic speaker or captivating with charisma.

Tue, 03/24/2015 - 11:30 | 5921718 Ghordius
Ghordius's picture

correct, he is a billionaire and a non-smoker, and so welcome on Bloomberg by Bloomberg himself

the same Bloomberg that recently had a fawning British PM Cameron explaining to him how the Queen was "purring" on the phone, and the same Soros that once made a bundle by orchestrating a speculative hit on the British Pound

Carlin was wrong. it's a big club, and it's open to all. you just need to speak English, own a billion or more and not smoke /S

Tue, 03/24/2015 - 11:26 | 5921704 Ondoron
Ondoron's picture

hopefully 5.9!

Tue, 03/24/2015 - 12:26 | 5921927 HungryPorkChop
HungryPorkChop's picture

O.K. Zero Hedger's I need some help.  I've found what has got to be the Best Animated Clip Ever on the original Heavy Metal Film to post under this article.  It would be awesome if someone with the software to pull out a couple clips and start posting:

https://youtu.be/tHgMsvpFm08

While the whole thing is a gem the best clips are the following times:

1:33 - 1:40

2:17 - 2:43

The absolute best clip to rule them all is at:  3:01 - 3:23

 

 

Tue, 03/24/2015 - 09:36 | 5921323 Bokkenrijder
Bokkenrijder's picture

I wish I could get 1$ or even 1€ for every "ehhh" from George Soros.

Tue, 03/24/2015 - 11:49 | 5921814 rubiconsolutions
rubiconsolutions's picture

".....long-festering problem..."

 

See: George Soros

Wed, 03/25/2015 - 00:07 | 5924088 one_hundred
one_hundred's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Tue, 03/24/2015 - 09:14 | 5921233 SloMoe
SloMoe's picture

Yeah, well, what does that old fuck know about Greece and markets, anyway...

Tue, 03/24/2015 - 09:07 | 5921235 Cognitive Dissonance
Cognitive Dissonance's picture

Predictive programming or an admission he is losing control?

Tue, 03/24/2015 - 09:39 | 5921252 Ignatius
Ignatius's picture

Either way, these turds display a remarkably consistent amnesia by not mentioning the NATO/neocon origin of the coup in Ukraine.

Tue, 03/24/2015 - 09:17 | 5921266 skistroni
skistroni's picture

Judging by his backing of Varoufakis, and the financial support to some obscure "movements" in here, I would say the 1st. Laying the ground for a bipartisan government to take over. Euro up, Gold down.

Tue, 03/24/2015 - 11:13 | 5921659 PTR
PTR's picture

Euro up, Gold on sale.

 

Fixed your post.

Tue, 03/24/2015 - 09:27 | 5921294 astoriajoe
astoriajoe's picture

probably just adjusted his book.

Tue, 03/24/2015 - 09:08 | 5921237 dimwitted economist
dimwitted economist's picture

Fuck You Soros!!!!

Tue, 03/24/2015 - 09:09 | 5921244 IridiumRebel
IridiumRebel's picture

He will make money either way

Tue, 03/24/2015 - 09:10 | 5921246 HonkyShogun
HonkyShogun's picture

F U, jew

Tue, 03/24/2015 - 09:10 | 5921247 LawsofPhysics
LawsofPhysics's picture

So, Soros is short Greek debt then?  Fuck this bitter old corrupt fool.

Tue, 03/24/2015 - 09:12 | 5921250 NoDebt
NoDebt's picture

I can't for the life of me figure out whether George wants Greece to go down the drain or he'd rather it didn't.  For sure, he doesn't care about what's best for Greece or its people, which leaves only which side he's got his money.

Tue, 03/24/2015 - 09:31 | 5921301 mtl4
mtl4's picture

That old nut is absolutely tied into the Euro's survival (ie wants to scare Greece into thinking it's only option is to take on more debt in the form of aid payments this time) because the Euro basically benefits the oligarchs of which he's in the top echelon of douchbaggery worldwide.  This obviously makes his oligarch comment absolutely hilarious.  Even there he shows his colors saying he supports the current Ukraine puppet government backed by the US........again favors oligarchs and the continual war machine.  Best thing Greece can do at this point is to totally default and drop out of the Euro at which point I'll bet their economy recovers very quickly after that. If they keep pushing Putin in the Ukraine the it will definitely lead to war but perhaps that's what they are after anyways.  

 

 

Tue, 03/24/2015 - 09:32 | 5921313 NoDebt
NoDebt's picture

Fair enough.  I'll buy that explanation.

Tue, 03/24/2015 - 09:45 | 5921350 froze25
froze25's picture

It explains the US and Nato's constant Putin bashing and claims of Russian troops active in the Ukraine even though there is no credible evidence to support that and the German and French intelligence says the opposite.  The are beating the drums of war, complete insanity I hope for our children that Putin doesn't take the bait and cooler heads prevail.

Tue, 03/24/2015 - 10:09 | 5921389 Ghordius
Ghordius's picture

"...because the Euro basically benefits the oligarchs of which he's in the top echelon of douchbaggery worldwide..."

that's an interesting meme. so those ("globalist", I suppose) oligarchs were perfectly fine until the end of the 20th Century without an EUR, and now need one? could someone explain it to me? that's Soros we are talking about. the same guy that was accused by British conspiracy theorists to orchestrate his billion dollar hit on the GBP on behalf of and for the greater glory of the USD

it's a sibling meme to "the EU is a test run for a World Confederation" which is cropping up more loudly, recently. any sources for this theory are very welcome, perhaps I might find there some inkling of evidence or reason

both memes, as far as I could follow them up, originated among the more conservative US "conspiracy theory" websites in order to explain "the imminent demise of the Dollar" without going too much into the details of why the USD is the current global reserve currency, a little detail which might be uninspiring for a patriotic readership

further, this other meme "best thing Greece can do is drop the EUR...", which I still would find hilarious (if it wasn't so sad) on a website where people usually moan about gold being a hedge against strong inflation or hyperinflation. does anybody read comments nowadays? how is it that one guy moans about one fiat currency being devalued and so robbing Peter while next to him another points to a strongly-to-be-devalued Drachma as a wonderful Dr.Krugman-esque way to solve all of Paul's problems, as if Argentina was on a different, not-yet-discovered planet?

just for information: when my interest for the EUR was waken, our discussions about a common currency were done pointing at Soros as the perfect example of why we need it... next to the fact that the USD was not our currency "but our problem"

so to recap: Nixon shocked us, Soros hit us... we banded our currencies together as a protection against the disadvantages of small/medium currencies against global ones and immense speculative attacks... and now you tell us we did it for Soros? what's next, that we hosted two world wars here because of the advantages of breaking all windows and rebuilding everything?

curious and curiouser

Tue, 03/24/2015 - 10:18 | 5921438 Counterpunch
Counterpunch's picture

Rambling and incoherent. You should be a bureaucrat in Brussels, or an adjunct at Brown.

Tue, 03/24/2015 - 10:55 | 5921571 Ghordius
Ghordius's picture

ok, I'll dumb it down, I do understand that some can't digest more then a tweet

Nixon shocked us, as in us europeans. Soros hit us, as in us europeans. Our response to this kind of treatments was the EUR

now I have to read that we europeans built the EUR... for Soros? The "trasher of the GBP"?

it's in the same category of us europeans building the EU not for our needs, no, but for the needs of.... "Them", of course

short and simple enough? then give me an answer, Mr. "I know something about 1934"

Tue, 03/24/2015 - 13:32 | 5922124 malek
malek's picture

 Our response to this kind of treatments was the EUR

So to dumb it down a bit more, you're stating "the EUR was created as a response, and a defense to being treated again like Nixon and Soros did before."

And I have to say, Ghordius your Pavlovian training was effective and can be said to be complete!

Wed, 03/25/2015 - 03:49 | 5924289 Ghordius
Ghordius's picture

malek, why is the Danish national bank fighting for it's ERM peg? why did the Swiss national bank have a peg to the EUR?

ZH does mention the whole EuroSystem as a giant cross-pegging exercise. what for? what is your explanation? mine is... currency war

a very simple view: fiat currencies are financial "weapons", and are used against each other, in this role

the start of this monetary war was on August 15th, 1971. since then, the Mighty Dollar is "our problem"

Wed, 03/25/2015 - 13:16 | 5925694 malek
malek's picture

 ZH does mention the whole EuroSystem as a giant cross-pegging exercise. what for? what is your explanation? mine is... currency war

"signifying nothing" comes to my mind first...
would you please clarify if you're trying to say the EuroSystem as a giant cross-pegging exercise was designed to be able to start/pursue, or instead to defend against currency war?

 

And "nicht alles was hinkt ist ein Vergleich":
Why did the Swiss in the end did de-peg?
You believe the Danish can/will defend their peg, no matter what happens to the EUR?
Contrary to the Swiss, I believe the Greek are just trying to figure out how they can de-peg "their" currency

You are still, very much between the lines, giving me associations that you believe -or wish for-, the Eurozone to be a fight back against the purely fiat USD since 1971 and it's abuses.
It's hard for me to express how ridiculous that view is.
How do you build up such a defense when Europe is economically (and more) totally dependent of the US, by design, and was for decades? How could you ever defend against the vicious effects of a true fiat currency, with a fiat currency of your own? How do you wait for 28 years and then basically declare "seit 12 Uhr wird zurueckgeschossen!"

Thu, 03/26/2015 - 05:04 | 5928387 Ghordius
Ghordius's picture

malek, it's very easy. there is no political will, here, for any other strategy

the effects of the USD are palpable, at the moment, for all the Emerging Markets that loaded up debts in USD, and now have a huge problem with it's current strenght

a small currency, in this environment, needs lots and lots of USD FX reserves just to manage some rational level inside of it's currency zone

the EuroSystem is nothing else then a giant pooling of monetary resources, at it's basics. a cooperative alliance of national banks

please explain to me what the other options are. do you really think we have the option of going back to a gold backing? just watch how long it will take for the BuBa to get it's gold back

yes, the EUR is a true fiat currency. no, the EUR is gold neutral. yes, the Swiss and the Danes have a monetary anchor, here. without the EUR, the only monetary anchor would be the USD

yes, the Greek government is thinking about options, for example a possible de-peg. the new Drachma would then need an anchor, too

if you don't believe me, then have a look at the FX Reserves of all central banks, worldwide. That's the key thing: FX Reserves (be them in USD or in gold)

Thu, 03/26/2015 - 12:32 | 5929850 malek
malek's picture

You really believe that shit.
The US only has to tighten a few of the hundred of thumb screws it has on Europeans, and the EU politicians will dance exactly to their tune, with or without a EUR, as any good lapdog would do.
If you really want to reduce US influence, you would have needed to protest the Cypriot bail-in at the harshest, as it's only goal was to squeeze out Russian big money and (possible) economic influence in the EU. Just for starters. Because that is basically the only other option: support competition, and as the EU is too dependent on the US it needs to reduce dependency which is only possible by becoming more dependent on other countries.

Countries or their central banks only needs FX reserves for trying to balance out a pull-out of foreign investors, usually pulling USD they previously invested (or shall I say "invested.")
And why do you believe the Fed needed to hand out USD swaps to the ECB in 2008/09?

There is only one way to make that unnecessary: do not allow foreign investors to invest in USD (i.e. lend to you in USD), only in your local currency, and that includes companies in your jurisdiction. If the foreigners then one day want to pull out all their local currency investments, your CB can print the needed money is all else fails. (Look at the Eastern European countries where mortgages in CHF were the hot-sellers, great mess there are in now.)
But the US will surely use all thumb screws it has available against any country even trying to start doing that.

So in summary with people like you, TPTB will let you run around til kingdom come (effectively making you controlled "opposition") presenting you new carrots from time to time, but you will never get anywhere - just like they intended.

Tue, 03/24/2015 - 12:02 | 5921863 RevIdahoSpud3
RevIdahoSpud3's picture

You are actually correct in this, "..breaking all windows and rebuilding everything?" In the process of bringing freedom and democracy to (name here) and at the same time protecting freedom here at home you have to first kill them, bomb them and tear the shiite out of everything. Once conquest has been achieved, resources oil, minerals etc. have been secured for the peoples then the process of rebuilding begins. Companies arive to "rebuild" infrastructure and set up new leaders and government. This costs a lot of money so obviously money must be loaned + interest for this process. There you have it.

Tue, 03/24/2015 - 10:07 | 5921405 sessinpo
sessinpo's picture

Soros doesn't give a shit about the Euro or any other currency. He only cares about is bottom line. If the Euro dies, so what? Then everyone goes back to their own currency which is fine with him. He still gets to speculate.

Tue, 03/24/2015 - 10:11 | 5921419 Ghordius
Ghordius's picture

actually, he gets moar to speculate. it's 19 currencies, that gives lots of FX crosses, including those with the USD, the Yen and soon the Yuan. from a point of view of someone that likes to speculate on currencies, the EUR is an absolute disaster

Tue, 03/24/2015 - 14:00 | 5922266 malek
malek's picture

So in extension to your reasoning logic, a one world currency would be a complete disaster to Soros and other oligarchs! Muaaaahahahaaa!!!

Wed, 03/25/2015 - 03:43 | 5924286 Ghordius
Ghordius's picture

malek, the truth is that there is very, very little logic in all those claims about a one world currency

we had once one: gold. specifically, nearly all national currencies switched to gold backing, interestingly often from silver backing

and we have one entity that could issue the SDR "for all uses": the IMF. watch China setting up it's own version of the IMF

it sounds so deliciously ominous, a "one world currency", best for a "one world government". de facto the US "had a shot" at the whole thing, for a short while

the truth is that oligarchs, Soros and so on could not care less. they play with what is available

the soundbites that Soros is giving here are just the usual manipulative comments you could expect from someone that has positions to promote

Wed, 03/25/2015 - 12:17 | 5925630 malek
malek's picture

 the truth is that oligarchs, Soros and so on could not care less. they play with what is available

But earlier you had written:

he gets moar to speculate. it's 19 currencies, that gives lots of FX crosses, including those with the USD, the Yen and soon the Yuan. from a point of view of someone that likes to speculate on currencies, the EUR is an absolute disasterm

So you confirm yourself that your earlier "argument" was complete bullshit?!!
Because that's all I had wanted to point out.

(And aren't you using the same manipulative comments style that you accuse Soros of?)

Thu, 03/26/2015 - 06:02 | 5928413 Ghordius
Ghordius's picture

is it? a complete bullshit? there are lots of Wannabe Soroses that would love to speculate on ex-EUR small and medium sized currencies. just have a look at the speculative levels around the EURUSD

I repeat/rephrase: "they" play with what is available. isn't it true? (do I use manipulative comments? have to think about that. I do try hard to stick to facts, imho)

Thu, 03/26/2015 - 12:45 | 5929903 malek
malek's picture

Carefully pre-selected facts, yes I agree.

If "they" play with what is available, why do you leave out mention of a certain counterbalancing effect: while 19 smaller currencies are, per a single one of them, easier to push around and manipulate, the potential windfalls from such manipulation are also pro-rated smaller.

BTW I find it telling how you intermingle the terms "speculator" and "manipulator", just like a good parrot repeating the psychopaths' talking points when they need a scapegoat after the next market crash.

Tue, 03/24/2015 - 12:35 | 5921965 shovelhead
shovelhead's picture

I doubt that greece would be better off.

It would still be run by Greeks chasing a socialist fantasy where nobody pays in but everyone wants a payout.

Tue, 03/24/2015 - 12:42 | 5921983 Ghordius
Ghordius's picture

ok, I'll try the shortest version of this question. ""...because the Euro basically benefits the oligarchs of which he's in the top echelon of douchbaggery worldwide..." "

could someone explain this? 20 people seem to "like" this, so far, so there should be someone able to explain it. any part of the above message, shouldn't it?

Tue, 03/24/2015 - 10:04 | 5921394 sessinpo
sessinpo's picture

Would you buy something like gold thinking "I want those gold sellers to go down!"

I think not. You are thinking to much into it. You are correct, he doesn't care what is best for Greece. You speculate to make a profit regardless of who wins or who gets hurt.

I might have a favorite football player playing in the Superbowl, but if I think the other team has a better shot at winning, that is where I place my bet. Take emotions out of it.

Tue, 03/24/2015 - 12:29 | 5921940 Kirk2NCC1701
Kirk2NCC1701's picture

The Parasites are positioning themselves to return to Europe, to partake in the coming EurAsian Silk Road.

By taking over, controlling and effectively owning Ukraine, they plan to become the Fulcrum of said Road. After that, it's the takeover of Russia and the resurrection of ancient Khazaria.

At a certain level it is no longer about money, but total (god-like) power and remaking man and the world in their vision.

Tue, 03/24/2015 - 09:12 | 5921251 stinkhammer
stinkhammer's picture

die you fuck   why won't you die?

Tue, 03/24/2015 - 14:38 | 5921321 mtl4
mtl4's picture

Dracula is undead.......it's the light of truth that burns him.

Tue, 03/24/2015 - 09:12 | 5921253 ZippyBananaPants
ZippyBananaPants's picture

>>>>Buffett

>>>>Soros

Who lives longer?

Tue, 03/24/2015 - 09:18 | 5921268 cossack55
cossack55's picture

Both. Evil incarnate

Tue, 03/24/2015 - 09:31 | 5921311 Thirst Mutilator
Thirst Mutilator's picture

Well ~ BOY'S TOWN is actually in a suburb of Omaha... Just sayin'

Tue, 03/24/2015 - 10:31 | 5921488 agent default
agent default's picture

Nah.  Lord Rorthchild.  He has got them both by the balls.

Tue, 03/24/2015 - 09:36 | 5921322 yogibear
yogibear's picture

Depends who satan wants more.

Tue, 03/24/2015 - 10:09 | 5921412 sessinpo
sessinpo's picture

If you are implying that Soros or Buffet are evil, then Satan wouldn't want them more. He already has them.

Satan wants those that oppose him.

Tue, 03/24/2015 - 10:11 | 5921418 Nunyadambizness
Nunyadambizness's picture

Why would Satan want either one of them to die?  They're both doing his work now, so why kill the golden goose?  They'll both probably live to be 100+

Tue, 03/24/2015 - 09:42 | 5921339 Stormtrooper
Stormtrooper's picture

Kissinger

Tue, 03/24/2015 - 09:13 | 5921254 orangegeek
orangegeek's picture

soros just talks his book - this prick has no interest in anything other than trading his book

 

when schwartz/soros starts flapping, he is ready to change position

Tue, 03/24/2015 - 09:13 | 5921255 Bill of Rights
Bill of Rights's picture

Slow burning Cancer, Stroke, massive Heart attack...please something!!!!

Tue, 03/24/2015 - 09:14 | 5921259 g speed
g speed's picture

which dies first--Greece, Ukraine, Soros ?

Tue, 03/24/2015 - 09:19 | 5921260 Hayabusa
Hayabusa's picture

Man, does Soros look old or what?  What a relic!  I don't know about the rest of you, but when Soros talks it reminds me of the perverbial snake with forked tongue and in this case an 84 year-old senile snake who has made his riches screwing everyone he can all his life for his fiat.  He's got no respect for any of us and visa versa. 

Tylers, please don't give corrupt old relics like Soros any press... what Soros says is simply not newsworthy, or trustworthy.

Tue, 03/24/2015 - 10:14 | 5921428 Snoopy the Economist
Snoopy the Economist's picture

R u kidding? I only clicked on this article to see how many want this monster dead - it was pretty much unanimous.

Tue, 03/24/2015 - 09:16 | 5921264 Jonesy
Jonesy's picture

His Jew buddies picking apart Ukraine like the ugly vultures they are.

http://globaleconomicanalysis.blogspot.com/2015/03/oligarchs-and-their-p...

And check out the fat, happy mug on this troll:

https://www.google.com/search?q=Igor+Kolomoisky&gws_rd=ssl

Goyim are dumb as shit.

Tue, 03/24/2015 - 09:18 | 5921267 ANestIOS
ANestIOS's picture

"Greece is a long-festering problem that was mishandled from the beginning by all parties"

I believe he refers to DEMOCRACY

Tue, 03/24/2015 - 09:34 | 5921314 p00k1e
p00k1e's picture

"Greece is a long-festering problem that was mishandled from the beginning by all parties"

Greece - festering since 146BC.

Tue, 03/24/2015 - 09:19 | 5921271 quasimodo
quasimodo's picture

I am always reminded of Anakin Skywalker without his mask whenever I see this evil old coot. How the hell do these old relics just keep on keeping on? WTF? Pure evil is the only logical explanation, a soul that is owned by the fallen angel himself.

Tue, 03/24/2015 - 11:25 | 5921702 PTR
PTR's picture

Like Anakin, he harness dark energies to keep going (reference, Empire Strikes Back.)

It's also how Nancy Pelosi keeps her outer looks together.

Tue, 03/24/2015 - 12:36 | 5921955 mtl4
mtl4's picture

This guy isn't Anakin because Anakin had both good and bad forces within........you put a black hood on Soros and you've got a real life Emperor Palpatine.

Tue, 03/24/2015 - 09:22 | 5921276 Son of Captain Nemo
Son of Captain Nemo's picture
George Soros Warns Greece "Is Going Down The Drain"

And if anyone wrote the book on being the principal architect for what "going down the drain" is, it's Georgy Schwartz!...

Lesson...

Always be suspicious of those who are inclined to both changing their names and identities without telling you the truth about their own past and 'why" they changed it!

Don't fool yourselves. Your name and the integtity that goes with it is priceless!!!

Tue, 03/24/2015 - 10:42 | 5921524 Oldrepublic
Oldrepublic's picture

Another famous name changer: Robert Maxwell from Ján Ludvík Hyman Binyamin Hoch

Tue, 03/24/2015 - 09:22 | 5921278 blackhand
blackhand's picture

Is this one of those Captain Obvious commercials in disguise?

Tue, 03/24/2015 - 09:23 | 5921281 venturen
venturen's picture

how about we screw George and the other oiligrachs and give a couopule billion to the people and move forward. Instead....we will give billions to Goldman Sachs to keep the Monkey's Dancing. Why does each bailout end up with the crooked rich guys?

Tue, 03/24/2015 - 10:13 | 5921422 sessinpo
sessinpo's picture

I don't suppose you have divided a couple of billion by 10 million people, have you?

I won't say anything more other then some other people haven't done the math either.

Tue, 03/24/2015 - 09:24 | 5921283 dizzyfingers
dizzyfingers's picture

What's worse, a shitload of debt in the EU or being free outside the EU? Maybe someone can expound on this?

Tue, 03/24/2015 - 09:30 | 5921304 Duude
Duude's picture

For Greece to exist outside the EU it will require living years with no access to credit markets which would end Greek pensions and most of their governmental functions at least for a decade or so.

Tue, 03/24/2015 - 11:47 | 5921800 Caleb Abell
Caleb Abell's picture

"For Greece to exist outside the EU it will require living years with no access to credit markets which would end Greek pensions and most of their governmental functions at least for a decade or so."

 

That's assuming Russia and/or China would not provide credit.  They may look at it as an opportunity.

Tue, 03/24/2015 - 09:24 | 5921284 Q-Q-Q
Q-Q-Q's picture

I would be worried about being 84 than Ukraine. Then I'm not as kind and as giving as billionaire George!

Tue, 03/24/2015 - 09:25 | 5921288 captainkid
captainkid's picture

on the cusp of going down the drain???? if 25% youth unemployment and masive debt, bank runs are the cusp what the hell is total collapse????

what a prick!

Tue, 03/24/2015 - 09:26 | 5921291 no more banksters
no more banksters's picture

The hyena smells blood again ...

Tue, 03/24/2015 - 09:27 | 5921293 Jano
Jano's picture

Ueberzionist has spoken.

Apparently he has pulled out of Greek bonds.

Tue, 03/24/2015 - 09:27 | 5921295 Pol Pot
Pol Pot's picture

Greece needs to surround itself with garlic too keep out the blood sucking vampire Soros. It's time to sell off an island to Russia and one to china, let them build bases, collect $300 billion upfront, pass GO...collect 20 billion a year ..and stick it to the IMF, ECB, FED and other cockroaches

Tue, 03/24/2015 - 11:05 | 5921628 g speed
g speed's picture

better to get the bid started on NOT selling an island for a mil base---that way you get to keep the island --never sell something you can collect rent on--just saying

Tue, 03/24/2015 - 09:28 | 5921297 Duude
Duude's picture

Hello Capitain Obvious!  Welcome to reality.  Here's another thing that might have passed your notice, you're old.

Tue, 03/24/2015 - 09:34 | 5921316 FMOTL
FMOTL's picture

He,s good for another 15-20 years with regular baby blood infusions

Tue, 03/24/2015 - 09:29 | 5921302 Oquities
Oquities's picture

listen up!  george soreass, nazi dick sucker is talking.

Tue, 03/24/2015 - 09:31 | 5921310 FMOTL
FMOTL's picture

One oilygark dissing other oilygarks ? where,s da unity bro

Tue, 03/24/2015 - 09:36 | 5921325 Chuck Knoblauch
Chuck Knoblauch's picture

Where does George spend most of his time these days?

Tue, 03/24/2015 - 09:50 | 5921363 Pol Pot
Pol Pot's picture

Either in his coffin or hanging upside down in his crypt while shitting on the rest of humanity below..

Tue, 03/24/2015 - 09:36 | 5921326 Omega_Man
Omega_Man's picture

why is George whining? I am sure he shorted the Euro.

 

Tue, 03/24/2015 - 09:41 | 5921336 venturen
venturen's picture

Is Goldman still Greece's debt  advisor?

Tue, 03/24/2015 - 09:45 | 5921348 q99x2
q99x2's picture

Arrest Soros prosecute Soros don't let him get away. Redistribute his stolen wealth.

Tue, 03/24/2015 - 10:25 | 5921437 sessinpo
sessinpo's picture

OMG, you almost sound like Obama telling me why I need to give amnesty to illegal immigrants and surrender to the world. Hell, I've been stealing the world's wealth even before I was born.

And I'm not a Soros fan. I think Soros has unfair connections that he uses for profit.  I dislike his anti seminism. So I do have a negative view of him overall.

But he is free to speculate like you are. I wish, I really wish beyond reality, that Soros could be found guilty of insider trading which I suspect with his connections. But atlas, he'll probably never be caught or convicted of such things. But to go after someone for speculation is going after everyone (including you) for taking a chance for monetary profit.

Tue, 03/24/2015 - 11:41 | 5921756 Caleb Abell
Caleb Abell's picture

 "I dislike his anti seminism."

 

Anti-Semitism?

Soros is a Jew, both parents were Jewish.

Incidentally, his father was a lawyer.  It appears that Shakespeare was right again.

Tue, 03/24/2015 - 09:47 | 5921354 mattgallis
mattgallis's picture

All you ZH nut jobs should love soros.  Afterall he took on a central bank and won.

 

Tue, 03/24/2015 - 10:29 | 5921458 Quinvarius
Quinvarius's picture

Do you think that is really what happened?  It isn't.  Soros managed money for the people who made the decision to revalue the pound.  They all made money.  Soros is a money launderer for people who make decisions that move markets.  That whole pound devaluation move he made money on was a policy decision, not a market event.

Tue, 03/24/2015 - 10:29 | 5921477 sessinpo
sessinpo's picture

Did he win? Is that central bank dead?

As far as I know the BOE still exist today. You must have read one of those headlines "How Soros Broke the Bank of England".

No he didn't break them. He just profitted billions of dollars.

Tue, 03/24/2015 - 11:07 | 5921635 Comte d'herblay
Comte d'herblay's picture

Sure and chickens have lips.

If you think he didn't know ahead of it that the Pound would be devalued, and made him a billion, then you also believe there was no blue dress, oral sex isn't sex, he did not have sex with that woman, Ms. Lewinsky, did not insert a cigar in her vagina and then licked it. 

Soros is an inside 'trader' with an iron clad guarantee.  Oh to see his payoffs and to whom.

 

Tue, 03/24/2015 - 09:50 | 5921364 Financial Paparazzi
Financial Paparazzi's picture

GEORGE SOROS DIED YEARS AGO BUT SOMEONE FORGOT TO WARN HIM

Soro´s lawyer failed to present him with his death certificate, prompting the misunderstanding. Soros is expected to formaly pass away upon receiving the FED EX letter.

Source: www.financialpaparazzi.com

Tue, 03/24/2015 - 10:03 | 5921392 SilvertonguedAngel
SilvertonguedAngel's picture

Poor George he cain't hep it, he was born with a golden calf in his mouth...

Tue, 03/24/2015 - 10:04 | 5921398 Quinvarius
Quinvarius's picture

Soros's biggest fear about Ukraine:  Some other rich person taking all the assets he funded a war to get. 

What a complete piece of shit.

Tue, 03/24/2015 - 10:05 | 5921401 SilvertonguedAngel
SilvertonguedAngel's picture

But I thought all these oilygarchs are working in cahoots with each other?

Tue, 03/24/2015 - 10:27 | 5921461 Loucleve
Loucleve's picture

oh, they do.

soros is bidding on newly "privatised" assets in serbia right now.

so when he says so that the oligarchs come back and assert their power, he is only bitching that its not him.


Tue, 03/24/2015 - 10:10 | 5921415 thamnosma
thamnosma's picture

Die, you sick zombie.  Then all your money should be confiscated and used to bail out Greece.  This guy didn't make a dime doing anything productive.  A pure global leech.

Tue, 03/24/2015 - 10:27 | 5921464 Loucleve
Loucleve's picture

my champagne is waiting for that day, and it cannot come soon enough.

Tue, 03/24/2015 - 10:14 | 5921420 escapeefromOZ
escapeefromOZ's picture

quote " talks between Greece and 'the institutions' could "break down,"  . I get it  ..... the mental institutions like the TROIKA , the BCE and the IMF . A person must be "Mental " to allow to be guided the those Idiots ! 

Tue, 03/24/2015 - 10:31 | 5921482 Counterpunch
Counterpunch's picture

Best thing Greece could do would be to default, leave, and shoot the next Jewish banker or oligarch that tries to rape them like they raped Russia under Yeltsin (that was led and engineered by Jews withiut question - spare me the hysterics) and as they, largely, are currently doing in Ukraine.

 

Jews secretly hold they are smarter, and ooenly believe they are God's Chosen.

 

Well, they are also greedy, ethnocentric, and dishonest, and their religion and cukture have as primordial aims the robbery and enslavement of The Other.

 

A casual stroll through the Torah proves this - as does quotable quotes from prominent rabbis through the years.

 

This doesnt mean all, or even most Jews are bad. But it means most view the world with two ethical lenses - rules for fellow Jews and rules for the goyim.

 

The point is to know that Jewish eschatology has them ruling the world from Jerusalem, has them able to live anywhere they please but exclusively in one patch of land, even though the Hebrews, those petty robbers, Never dwelled alone in Canaan - as archaeology more than attests.

 

Most of what the Jewish people are consists of fictions written by liars, centuries later.

 

 

 

 

 

 

Tue, 03/24/2015 - 11:00 | 5921600 Ghordius
Ghordius's picture

and you need all that space for the same antisemitic rants I've been reading something like two million times, here? a heartfelt FUCK YOU, Counterpunch, few week old troll

from all my heart, for utter lack of originality

Tue, 03/24/2015 - 15:35 | 5922591 pendragon
pendragon's picture

wonder why the grown ups are departing this place in droves

Tue, 03/24/2015 - 17:14 | 5922954 Counterpunch
Counterpunch's picture

Are grown ups to you people who think rekigious and/or ETHNOCENTRIC Jews are above criticism, and that their sacred texts are all about peace and love?

 

I bet youve read anti-Arab, anti-Muslim unqualified group hate comments and not uttered a word in objection. 

 

Fuck you and your Pavlovian Morality

 

 

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