• Sprott Money
    01/11/2016 - 08:59
    Many price-battered precious metals investors may currently be sitting on some quantity of capital that they plan to convert into gold and silver, but they are wondering when “the best time” is to do...

George Soros: It's 2008 All Over Again

Tyler Durden's picture




 

Surging volatility in global equity, currency, and credit markets and significant stress in a major world economy have George Soros on edge. Speaking at an economic forum in Sri Lanka, the billionaire hedge fund manager warned global markets are facing a crisis and investors need to be very cautious. On the heels of the second trading halt in four days, Soros exclaimed "I would say it amounts to a crisis... which reminds me of 2008."

 

Volatility is surging everywhere...

 

And as Bloomberg reports, Soros is worried...

Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.

 

China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive interest rates is a challenge for the developing world, he said, adding that the current environment has similarities to 2008.

 

...

 

“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”

*  *  *

Of course, this is not the message central planners and TV anchors want the mainstream to hear. Every dip is a buying opportunity, and "long-term" is how everyone should invest... no matter that your assets dropped 20% in a week... long-term!!

How about this long-term?

4.142855
Your rating: None Average: 4.1 (7 votes)
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 01/07/2016 - 08:57 | 7010301 Hephaestus
Hephaestus's picture

If you live in Europe apparently you have a huge tolerance for violence....as long as the gov says its good for ya.

http://www.liveleak.com/view?i=cb0_1447249820 7 year olds getting raped, 1400 kids abused by Paks, rapes so bad the woman is medically unable to speak, on and on.

Secondly the slitting throats comment is a very famous saying expressing frustration not a direct threat.

Thu, 01/07/2016 - 10:30 | 7010890 Ghordius
Ghordius's picture

many Englishmen are keen on saying that their country isn't Europe

"Secondly the slitting throats comment is a very famous saying expressing frustration not a direct threat."

did not know that. thanks, +1

Thu, 01/07/2016 - 18:27 | 7014114 nmewn
nmewn's picture

The quote is H.L. Mencken's, the sentiment is mine. There's a lot of truth in it (normal men) and what they're capable of when pushed too far. 

Thu, 01/07/2016 - 07:19 | 7009863 Lady Jessica
Lady Jessica's picture

On the topic of civility.....

Pierre Boulez has passed.

Think what you will of his own compositions, modern culture has lost a legend, in music-making at least.

(Absolute crickets in the North American MSM, sad).

Thu, 01/07/2016 - 07:46 | 7009973 SmedleyButlersGhost
SmedleyButlersGhost's picture

the combat you describe is for Social Justice Warriors. Real combat is very uncivil.

"Don't do anything by half. If you love someone, love them with all your soul. When you go to work, work your ass off. When you hate someone, hate them til it hurts."

Henry Rollins

Thu, 01/07/2016 - 08:27 | 7010179 herkomilchen
herkomilchen's picture

Except people are not all black or all white.  People are complex.  I'll bet you have done some good things and done some bad things.  How would you feel if someone slapped a label on you and blindly treated you according to that label?

How about:

Love the parts of someone you love with all your soul.  Hate the parts of someone you hate till it hurts.  Learn to distinguish the two within the same person.

Thu, 01/07/2016 - 11:46 | 7011377 SmedleyButlersGhost
SmedleyButlersGhost's picture

That really doesn't work for me - kind of a look for the good in everyone - BS. In a thread starting with, of all people, George Soros, I'd hope we can agree that there are just some people who are evil and killing them would be a good deed.

Thu, 01/07/2016 - 12:46 | 7011895 Ms No
Ms No's picture

Your both right.  People are complex and not black and white.  Psychopaths however, are just evil and they differ enough in their brain structure and function that it is debatable if they are human at all.  They are almost an interspecies predator.  

It's best to try and focus more on what you love more than hate or you will end up an unhealthy person.  Negative emotions and stress kill people plus it's a shitty way to spend your life.

There is always time for hating George Soros though! 

Thu, 01/07/2016 - 08:03 | 7010053 Element
Element's picture

This little sub thread needs an anthem.

https://www.youtube.com/watch?v=R6GDdKrQ8EI

Thu, 01/07/2016 - 09:02 | 7010320 Hephaestus
Hephaestus's picture

Element that video is "Not available in my country" The US.

https://youtu.be/VcauCclfytI this works better for me.

Thu, 01/07/2016 - 05:07 | 7009635 messystateofaffairs
messystateofaffairs's picture

Georgie porgie pudding and pie

Fucked them up the ass and made them cry

When the bankrupts came out to say ...

Georgie porgie ran away

Thu, 01/07/2016 - 05:23 | 7009649 Atomizer
Atomizer's picture

Curious george soros goes to hospital

https://m.youtube.com/watch?v=HiKCXbQsRKQ

Thu, 01/07/2016 - 06:38 | 7009749 lakecity55
lakecity55's picture

Probably to get baby blood and baby organs transplanted.

Thu, 01/07/2016 - 05:26 | 7009656 atthelake
atthelake's picture

This man must have security up the Ying Yang.

Thu, 01/07/2016 - 06:40 | 7009756 just the tip
just the tip's picture

i don't understand why the brits or japanese didn't take him out......

Thu, 01/07/2016 - 05:37 | 7009668 ArmyofOne
ArmyofOne's picture

"need to be very cautious"

 

Translation...SELL!

Thu, 01/07/2016 - 06:16 | 7009713 vegas
vegas's picture

Soros definition of a crisis: A sitution where I don't get inside information from a government official before I place my bets.

 

www.traderzoo.mobi

 

Thu, 01/07/2016 - 06:20 | 7009719 Gracy101
Gracy101's picture

Bankers are *ankers. www.thatguybloke.com  Beer! Sing!

Thu, 01/07/2016 - 06:29 | 7009729 OzFan
OzFan's picture

Serious question  - why hasnt someone put a hit on Soros......or similar guys like Rumsfield, Cheney or a Rothschild.

These people are utter enemies of the human race and their deaths could end so much misery and injustice and imbalances.

 

Thu, 01/07/2016 - 08:14 | 7010113 Niall Of The Ni...
Niall Of The Nine Hostages's picture

People like this are able to afford top-notch bodyguards to accompany them at all times and private security services on call 24 hours a day, who are well-armed and under orders to shoot first and ask questions later. Nobody daft enough to try taking out Soros would live to tell the tale. 

It's only poor people who have to wait 30 minutes for the police to show up, ample time for a member of America's criminal classes to kill your family, grab everything he can fence and run off into the night, never to be seen again. 

That's assuming it isn't the police who have come looking for money that may not be there, happy to shoot anybody demanding a warrant. 

Thu, 01/07/2016 - 06:30 | 7009732 khnum
khnum's picture

methinks thou dost protest too much

Thu, 01/07/2016 - 06:31 | 7009734 I AM SULLY
I AM SULLY's picture

That's funny ...

(because Soros reminds me of passages I've read concerning evil and Satan)

Thu, 01/07/2016 - 06:36 | 7009745 lakecity55
lakecity55's picture

"Hahahha, my cunning plan is working. First, short the yuan, then the dollar, then ALL currencies, hahhaha, I will rule the world."

Thu, 01/07/2016 - 06:39 | 7009752 nmewn
nmewn's picture

"Surging volatility in global equity, currency, and credit markets and significant stress in a major world economy have George Soros on edge. Speaking at an economic forum in Sri Lanka..."

Sri Lanka, right.

Because me driving to work or going to the beach is killing the fucking planet right Georgie, you fascist fuckstick? 

Sri Lanka, how did you get there Georgie, bus, monorail, subway, a row boat or your private jet? Did you convert paper fiat you stole into "carbon credits" and deposit them with the fucking UN before leaving? And what does Obama have to say about you dusting the fucking planet with CO2?

Hmmm? ;-)

Thu, 01/07/2016 - 06:40 | 7009760 Panic Mode
Panic Mode's picture

Soro, it reminds you how you created the asian currency crisis. 

Thu, 01/07/2016 - 06:46 | 7009766 yogibear
yogibear's picture

Besides Buffet, Munger and others, Satan is waiting for this guy.

Thu, 01/07/2016 - 06:47 | 7009769 falak pema
falak pema's picture

So is Soros saying : I'm going to do to the Yuan what I did to the Pound  in the 90s and to Greek Euro in 2011 ?

Thu, 01/07/2016 - 06:55 | 7009781 wonderatitall
wonderatitall's picture

the obama buddy , the human lizard says democrats bail me out

Thu, 01/07/2016 - 06:49 | 7009771 buzzsaw99
buzzsaw99's picture

warns, yeah right. profits is the word asshole.

Thu, 01/07/2016 - 06:52 | 7009775 ramgold2206
ramgold2206's picture

soros has a big stack of 24k 999 burried deep underground

www.teamramgold.com/about-us

Thu, 01/07/2016 - 14:41 | 7012733 Hope Copy
Hope Copy's picture

burried.. that is like not declared.. Read Frank-Dodd..

Thu, 01/07/2016 - 06:55 | 7009779 Youri Carma
Youri Carma's picture

Soros is a rat not a fool. WHERE’S THERE A CRASH? WORLD ECONOMY COLLAPSING!!! - HEADLINES DECEMBER 2015

http://forum.prisonplanet.com/index.php?topic=100571.msg1583411#msg1583411

Thu, 01/07/2016 - 07:00 | 7009803 Wahooo
Wahooo's picture

Grandad, what was currency?

Thu, 01/07/2016 - 07:17 | 7009855 moman
moman's picture

More like, " Guard what was currancy"?

Thu, 01/07/2016 - 07:05 | 7009820 MFL8240
MFL8240's picture

Lucifer!

Thu, 01/07/2016 - 07:10 | 7009837 FX223
FX223's picture

Why can't this mother fuckers head and a bullet cross paths?

Thu, 01/07/2016 - 07:16 | 7009854 AbbeBrel
AbbeBrel's picture

Time once again for that theme song:

The Great Unwind
Merle Hazard
https://www.youtube.com/watch?v=hj86YsaoCtw

Thu, 01/07/2016 - 08:16 | 7010120 herkomilchen
herkomilchen's picture

Nice!

Thu, 01/07/2016 - 07:35 | 7009928 Mike Masr
Mike Masr's picture

Why won't this old evil fucking jerk just die already.

George Soros must be Satan incarnate watching with great pleasure all of the death, pain and suffering he has caused.  

https://www.youtube.com/watch?v=04EShclPAa0

 

Thu, 01/07/2016 - 07:49 | 7009989 Last of the Mid...
Last of the Middle Class's picture

lemme guess, he just went short.   lol

Thu, 01/07/2016 - 08:06 | 7010067 Kagemusho
Kagemusho's picture

Soros and his Bilderberg butt-buddies  are getting nervous. They can't get down from the tiger - or perhaps, the 'dragon' - they've been riding and feeding without becoming its next meal.

That is, not without an ejection seat. And they're reaching for the yellow handle.

These jerks always telegraph their moves in subtle ways, to bitch-slap the sleepwalkers and tweak the noses of those aware of them and their machinations. Soros is probably saying he's bugging out of all markets.

Way ahead of ya, Georgie, you amoral monster. 

Thu, 01/07/2016 - 08:09 | 7010072 Mike Masr
Mike Masr's picture

This probably also reminds him a lot of the economy in 1346 the year he unleashed the plague. 

Thu, 01/07/2016 - 08:08 | 7010074 dcohen
dcohen's picture

Die already you Soros A-hole

Thu, 01/07/2016 - 08:15 | 7010118 22winmag
22winmag's picture

If you work for the Nazis aren't you a Nazi?

 

If you work for Satan aren't you a Satanist?

 

Exhibit A.

Thu, 01/07/2016 - 08:25 | 7010164 thinkmoretalkless
thinkmoretalkless's picture

Keep your PM's close and your guns closer

Thu, 01/07/2016 - 08:50 | 7010267 brushhog
brushhog's picture

Some of these comments are funny. You guys think that if Soros dies the world is going to get better? Give me a break. I guess using one man as a target for all your fears and anger is a good way to avoid taking responsibility for your own failure to contribute to a better world. Soros isnt the problem, its the system that allows people like Soros to operate. Get rid of Soros 2 more will pop up in his place. You're striking at the branches while watering the roots.

Thu, 01/07/2016 - 09:34 | 7010511 conraddobler
conraddobler's picture

I agree.

It's this group or that group, no, it's all of us, it's how we live that is creating all this.

You can use whatever spiritual guide you want or you can just use your eyes, we've forgotten how to live in peace with each other and this is develving into a game of who can win the most money when all life is about is being alive.

We don't demand that our leaders actions stay within the realm of common sense sustainability. 

People are immune to what they are doing.

We house chickens and animals and treat them like we are some kind of sadistic demon that we hate them or at least that we have less than no respect for their lives and then we wonder why some people treat other people like this?

It's a disease of the spirit, people have lost all respect for themselves and what it means to be human.  We have a duty to leave things for the next generation better than or at least as good as we found it.

Instead we're despoiling the earth in an orgy of unsustainability without the proper respect for the enviroment.  I'm not talking about belching out too much C02 i'm talking about modern civilization and how we eat so disconnected from nature.

It's horrifying.

Thu, 01/07/2016 - 09:48 | 7010602 Boxed Merlot
Boxed Merlot's picture

Get rid of Soros 2 more will pop up in his place...

 

Since that's the case, I'll maintain my prayers the continued good health, safety, security and rampant prosperity our current gracious rulers with their keen and benevolent foresight and dedicaton in providing us all such a bright and wonderful future existence never end.

 

Wait, wouldn't 2 times the number of such folks at the helm be better?

Thu, 01/07/2016 - 08:53 | 7010287 Falconsixone
Falconsixone's picture

I'm sure it's just an ajewstment.

 

Ahh...Things the nazi's missed but islame wont.

Thu, 01/07/2016 - 09:02 | 7010326 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

after reading the comments here

 

i undrstand why the goy is under talmudic rule

Do NOT follow this link or you will be banned from the site!