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The Full "Three-Days-To-Eurocalypse" Soros Interview
In a no-holds-barred interview with Bloomberg TV's Francine Lacqua, the increasingly droopy-faced George Soros remains as sprite-minded as ever in his clarifying thoughts on Europe. His diagnosis is spot on: "Basically there is an interrelated problem of the banking system and the excessive risk premium on sovereign debt - they are Siamese twins, tied together and you have to tackle both" and summarizes the forthcoming Summit 'fiasco' as fatal if the fiscal disagreements are not resolved (and as of this afternoon, we know Germany's constant position on this). His solution, however, is unlikely to prove tenable in the short-term as he notes "Merkel has emerged as a strong leader", but "unfortunately, she has been leading Europe in the wrong direction". His extensive interview covers what Europe needs, the Bund bubble, GRexit, post-summit contagion, and Mario Monti's impotence.
Soros on Europe’s crisis:
“Basically there is an interrelated problem of the banking system and the excessive risk premium on sovereign debt - they are Siamese twins, tied together and you have to tackle both. It's recognized that you have to do that and there is no widespread agreement on what to do on the banking side. It's the beginning of a banking union and there is a disagreement on the fiscal side and unless that is resolved in the next 3 days then I am afraid that the summit could turn out to be a fiasco, and that could be fatal, because you are facing the possibility of Greece leaving the euro and perhaps the European Union and you need to strengthen the remaining euro structure to withstand that shock.”
On Angela Merkel:
“Well actually Angela Merkel has emerged as a strong leader. Unfortunately she has been leading Europe in the wrong direction. I think she is acting in good faith and that is what makes the whole situation so tragic and that is a big problem that we have in financial markets generally - that you could have a false idea, a false ideology, a false interpretation which is reinforced by reality. In other words it works for a while until it stops working and that is what is called a financial bubble - which, you know, looks very good while it is being formed and everyone believes in it and then it turns out to be unsustainable…The European Union could turn out to have been a bubble of this kind unless we realize there is this problem and we solve it and the solution is there. I think everybody can see it, all we need to do is act on it, and put on a united front, and I think that if the rest of Europe is united, I think that Germany will actually recognize it and adjust to it.”
On whether yields there’s a risk of contagion continuing if a strong proposal doesn’t come out of the EU summit:
“That is right, and there is then a serious threat of the euro breaking down and that is not to be neglected because it's quite serious. But even if you manage to avoid, let's say an 'accident' similar to what you had in 2008 with the bankruptcy of Lehman Brothers, the euro system that would emerge would actually perpetuate the divergence between creditors and debtors and would create a Europe which is very different from the Europe as an open society that fired people's imaginations and led to the creation of the European Union. It would transform it into a hierarchical system where the division between creditors and debtors would become permanent…It would lead to Germany being in permanent domination. It would become like a German empire, and the periphery would become permanently depressed areas.”
On what Europe needs:
“What you need is a European fiscal authority that will be composed of the finance ministers but would be in charge of the various rescue mechanisms, the European Stability Mechanism, and the one that preceded it and it would be empowered to issue treasury bills, to set up a debt reduction fund and actually buy up the excess stock of that that has accumulated in the hands of particularly Italy and Spain and finally combine issuing treasury bills. Those treasury bills would yield 1% or less and that would be the relief that those countries need in order to finance their debt.”
“Euro bonds are not possible because Germany would not consider euro bonds until you have a political union, and I think it's actually quite justified, it should come at the end of the process not at the beginning. This would be a temporary measure, limited both in time and in size, and thereby it could be authorized according to the German constitution as long as the Bundestag approves it, so it could be legal under the German constitution and under the existing treaties. What it means is the political will by Germany to put it into effect and that would create a level playing field so that Italy and Spain could actually refinance its debt on reasonable terms.”
On whether he believes Germany would be content with a smaller euro zone:
“I think Greece leaving the euro zone or being pushed out is now a real expectation and this is what is necessary to strengthen the rest of the euro zone because the way the financial markets work they can actually push a country like Italy into default - see this is what the weakness of the euro as it is currently structured because a developed country has no reason to default because it can always print money. By printing money it can devalue the currency and people can lose money by buying debt but there is no danger of default, but the fact that the individual members don't now control the right to print money - they have given that right over to the central bank you see, and that has created this situation with a European country that could actually default and that is the risk that the financial markets price into the market and that is why say ten-year bonds yield 6% whereas British 10-year bonds yield only 1.25%. That difference is due to the fact that these countries have abandoned the, surrendered their right to print their own money and they can be pushed into default by speculation in the financial markets.”
On the chances today of Greece leaving the euro:
“It's very hard to see how Greece can actually meet the conditions that have been set for Greece, and I think the Germans are determined not to modify those conditions seriously so I think one has to now calculate on Greece being forced out of the euro - that's what we have to prepare for.”
On how the treasury bill would be priced:
“It would be sold on a competitive basis but right now there are something like over 700 billion euros are kept on deposit at the European Central Bank earning a quarter of one percent because the interbank market has broken down so then right then you have got 700 billion that would be very happy to earn let's say three-quarters of a percent instead of one-quarter, and the treasury bills by being truly riskless and guaranteed by the entire community would yield current conditions less than one percent.”
On whether he believes Greece will exit the euro forever:
“No, actually it's quite possible that it could actually, depending on how it is arranged and whether it's orderly or disorderly, it's possible that Greece could re-enter but what I am really afraid of and really most disturbed about is that the euro would hold together but it would create a Europe that actually nobody wanted. It would put Germany at the center of an empire which would actually be very beneficial in many ways to Germany but politically I think it would be unacceptable and it's not something that the majority of Germans want.”
On whether German bunds are in a bubble:
“Yes…Certainly they have benefited and they are far too low-yielding if you had no world conditions, in other words the high price or low yield of the German bonds is a fever chart measuring the distress in the financial markets.”
On the chances of Spain, then Italy, needing a full-blown bailout:
“If you have this thing, then the Spanish banks would be recapitalized which would add to the debt of the Spanish debt, but if the Spanish, the excess debt is financed at 1% then it's no problem then this will help that also and if you resume growth then the decline in the housing market would not be as severe as it would be if you have a folding economy so Spain would be also in a position to come out of the recession.”
On Mario Monti:
“Monti is a caretaker, he is a technocrat so he has no political base but I think that he would have to say that he cannot serve as a technocrat if there is no support from Germany and what would Europe do without Monti, so Monti can push Merkel but and this is in a strong position to do that because he has done his best in structural reforms and he could do more if actually this was something that didn't come out in the discussion, that, Germany is worried that if you provide this kind of support then countries like Italy would stop pursuing structural reforms and that is not the case because by having a great benefit from it and losing the benefit if you abandon the structural reforms is I think a stronger guarantee that they will not abandon it than anything else.”
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Is he talking about the United States of Goldman Sachs? (Europe)
Fucking Soros! What George, you found time from beating the shit out of one of your girlfriends to give an interview? Fuck George Soros, how much do you want to bet that this guy is talking up his book? I will take all bets.
During the course of the interview, Soros clearly failed the Voigt-Kampff test several times.
Soros. Die.
You want it funded? Fork over a few billion into the pot to start, you fucking hypocrit!
They don't call Soros "The Black Hand" for nothing.
Pay no attention to what he says, pay attention to what he does.
Even simpler:
Take money out of the banks and buy some gold with it.
You do not have to be All Inn re gold. Only 1% - 3% of Americans own non-jewelry gold. Even a little will go a long way.
Dead men tell no lies.
Complete and total worldwide economic collapse will benefit all free people all over the world if done right.
It's imperative to make the elites, oligarchs, aristocrats, and banksters choke themselves to death on the massive world debt they created.
I would prefer to see them hang from the gallows.
Boys, boys, don't fight...
We can easily accommodate you both, as long as Paul agrees to go second.
Note that unlike other Bloomberg interviews which are conducted on a first-name basis, he is "Mister Soros". Why not just call him "Your lordship"?
I'm sorry. Who the fuck is George Soros really? You're a fucking pigman, "George". Fuck you, "George". When they start marching people to the guillotine I hope they take you and your Open Society trash to the blade first.
Soros, one of the lieutenants of TPTB, putting himself out there and highly visible to add to the illusion of credibility to what they're selling as a "Hank Paulson Tanks in the Streets & Martial Law" v2.0 moment.
Soros is keeping his pimp hand strong, reminiscing of his glory days of taking down the pound sterling. He's no Mayer Amschel, but he is still a playa'.
Never let a good crisis go to waste, by not magnifying the actual risks by a factor of at least 100x, so as to bring about an even more rigged, criminally operated, racketeering mechanism, that creates panic and uses fear to subjucate the actual producers of wealth, and add yet another intraveneous needle into their veins by which more of their blood can be stolen and given to the CronyCapitalists (i.e. non-capitalistic, best friends forever of the New York Branch of the Federal Reserve & Bank of England).
So, an asteroid 9,000 miles in circumferance will hit the earth in 3 days if the bad debts of the PIIGS aren't made whole by sucking a good chunk of the savings (present savings and what would have been many decades of future savings) of the citizens of Germany and a few other northern european nations, so that New York and London based TBTF banking and financial institutions holding the toxic debt of the PIIGS can be bailed out and made whole (does Europe have someone similar to Bernanke or Geithner who will insist that the banks not only not take haircuts, but get compensated at a rate of 175% on their PIIGS portfolio?), yet again...and again....and again.
Never mind curing the disease or even treating the disease that brought the failure that is the Eurozone to this place in the first place. Just 'paper over' the losses, and then do it again...and again........and again......
........so as to bring about an even more rigged, criminally operated, racketeering mechanism, that creates panic and uses fear to subjucate the actual producers of wealth, and add yet another intraveneous needle into their veins by which more of their blood can be stolen and given to the CronyCapitalists.......
The PIGGS did exactly what should have been expected; they gave up the right to print money in exchange for becoming welfare recipients. The tit is running out of milk so the parasite is whining and the mother is supposed to feel guilty for not providing more milk but Germany is putting on a good show.
They gave up the right to print but not their sovereignty which is the hole in the EU universe. That will be changed so that the Euro can become the new reserve currency and fuck over the USA big time.
Soros discusses the issue of sovereignty in one of his books. He certainly knew this day would come. That means others knew as well. There are no accidents.
Well said.
This man is clever, but his priorities are upside down. He is concerned more with banks than with human beings. Where is the conscience?
"Political union" has been the dream of control freaks for longer than any of us has been alive. They fabricate slick narratives to justify the psychopathic rationalization that "The greatest threat to humanity is humanity itself." BUNK! The greatest threat is these self-ascribed "elites" whose parasitic constructs, intended to compensate for their own unbalanced psyches, bring us to ruin AGAIN AND AGAIN AND AGAIN.
FOR THEIR OWN SAKE, LET'S HOPE THAT NATIONS STAND UP.
Only in the end, the vanguard of crony-capitalism and puppeteer of unsuspecting socialists has opened his mouth.
- YAWN -
A day late and a dollar short...Eurocalypse now.
Plastic surgery junkie. Hey George ! Watch your nose!
You SOB
I think he doesn't act in good faith. That is not tragic. But he should pay for it.
We will invite him to Nürnberg II.
The day of reckoning will come, also for good old George.
Jawohl zu Nürnberg II.
Sollen wir Draghi und Trichet einladen?
I was about to ask if that was really Soros or jocelyn wildenstein
Right then, what's you plan?
Or we could send them a pic of me neked as a jay bird. Possibly they would puke and choke on their own vomit.
Or we could send them a pic of me neked as a jay bird. Possibly they would puke and choke on their own vomit.
The "Dark Pools of Soros" are probably making a killing right now.
He just doesn't want the game to end yet. And it takes a long time to safely move all the physical Au he owns.
FEEEEEEEED ME!
Looks like you've been feeding yourself so well that your infinite mass has turned you in black hole, although it is a rather rectangular one at that! ;)
I think you misspelled Satan
When Soros said, "...Merkel has emerged as a strong leader. Unfortunately [he] she has been leading Europe in the wrong direction." he actaully called Merkel a "he." I laughed out loud when I heard it!!
Guys like Soros are rotting in hell. This POS deserves a kick in the nuts just for enjoying his part in sending people to concentration camps in Hungary.
Maybe he believed in free housing of his chosen ones even then?
Tirptitz,
The actual chosen ones are luciferan and sabbatean,not regular jewish people.Read Israel Shahak to see how luciferans have exploited rank and file jewish people.
+1
and everyone else, too
George the tortoise is lying on it's back.
What's a tortoise?
Ever heard of a turtle?
Yes.
Same thing...
Rewatched the directors cut last week, for some reason I never caught the importance of the quote at the end of the rooftop scene until now:
Quite an experience to live in fear, isn't it? That's what it is to be a slave.
Phillip K Dick, only Sci Fci author that not only wrote about the future in the 50's half out of his mind on pharma grade speed and mesculine while in bus stations on a portable typewriter.
Weirdly, he's been correct more often than not.
Wait, what desert?
Die, Soros, you fucking fuck! Die! Die, already! (Uglier than Hitlary, too!)
Edit: The above outburst was designed to alleviate internal stress brought about by too much Apocalyptic forward-thinking. It was in no way meant as a threat to any individual nor an incitement to physical harm. I feel better now, and will return to my schedule of meds. Side effects include chancroids, ulcers, dry-mouth, burning sensation of the eyeballs, diarrhea, and micro-vomiting.
PRAISE GEORGE SOROS!
janus will tell you why after he's listened to and digested the Great Man's words. such fucking fools! have you no goddam respect? who the fuck are you, wittle bitchez? let it be known that George Soros is an amazing thinker...he may not always be right, but he's most certainly great. and you are small. reason being? you will not take in all. you myopic little ants...think you're fit to weigh wrong and right? do you know how petty and petulent you'd bee if God blundered and made you a 'wonder'...stupid mutha fuckahs -- you'd redefine evil; you'd make yourselves a cautionay tale.
how many of you actually watched the interview?
stupid lil folk.
i'm reminded of a quote:
"little folk become their little fate." HORACE -- and, again, who da fuck are you?
janus does not necessarily agree with the words he's about to hear from Soros; but you bet your bottom dollah he's a gonna prick up his ears...cause it mattters, and you don't.
janus matters.
there's a reason why...wanna know? open your minds and your societies. it's a big big big world; don't be so insufferably small.
http://www.youtube.com/watch?v=taf8fYP9Y-A
&
http://www.youtube.com/watch?v=O7XywuICl64
creature come creature, creature/
my own double-feature/
as i'm warmin the bleachers at home,
janus
He is a jew. What do you expect?
substitute the D.C-NYC corridor for Germany and the rest of the US as the "periphery" (debt slaves) and you have some sort of analogy. The difference being that Germany creates wealth with industry and exports, whereas our economy believes "banking" creates wealth.
Soros playschool: "They can't default They can always print money" (with a lil' help of my goldman sachs buddies)
Hmmm physical <commodity> is hard to print. Watch your back soros people have the rope ready
Always the signal that Georgi has his positions in order. Time to start pushing the buttons to reap the rewards. This must be phase 4, he's bought his postions and politicians and others. He's placed the mechanism of instability in place. The Carl Icahn of the world economy is ready to ready to reap and rape on the ultimate green mail.
Komrade Georgi learned much at the knees of his Gestapo masters.
Oh, and if Merkel is leading in the "wrong" direction, she must be doing the right things for the world, not sociopathic old buggers with Dr. Evil designs he actually intends to implement.
wide screen and everything.. getting the popcorn!
popcorn! ha ha ha... love this site!
I was just kidding, no popcorn.. i couldn't get passed 5 minutes of this guy. Quickly read the summery instead.
He wants OBAMA to win and owns the voting making machine company in Spain. There is something wrong here and I can't put my lying finger on it.
All you have to do is put your finger on the trigger when the time comes to defend your home and property, friends and family.
I'm actually pretty sure he doesn't give a rat's ass who wins. To him and his ilk, Obama vs. Romney is like fucking awesome chocolate ice cream vs. fucking awesome butter pecan ice cream. Either way, fucking awesome ice cream is in his future, and we're the dumbfucks behind the counter serving it to him for free, fighting over the crumbles and drippings left over.
Of course you know, this means war.
Problem? Too many IOUs.
Solution? Fresh IOUs.
Ben, you hearing this?? Attaboy!!
No, no, no. You have to replace the existing IOUs with new IOUs backed by other IOUs.
HA Ha! Business!
Then wrap them in a derivative chain.
Derivatives for everyone!! And undersigning!!!
No, no, no. You have to replace the existing IOUs with new IOUs backed by other IOUs and sing a contract pleging away any freedom you may still have.
No no no. You issue everyone, at birth a "Wimpy coupon," which entitltes them, every day, to a hamburger today. That hamburger will then be paid for the following Tuesday. Attendant legislation then turns every Tuesday into a national holiday.
Soros, like the so-called Bono et al, tax evaders extraordinaire all, they constantly propose goverment transfer money to somewhere else; anywhere besides where it came from. As along as it is not them footing the bill.
Understandable. As long as one of their speculation vehicles is on the receiving end of all that dough...
People like Soros make me willing to tax the rich at 99.9%. That's on their wealth, not income. We need to spread his wealth around. For the good of the children.
“Monti is a caretaker, he is a technocrat so he has no political base but I think that he would have to say that he cannot serve as a technocrat if there is no support from Germany and what would Europe do without Monti, so Monti can push Merkel but and this is in a strong position to do that because he has done his best in structural reforms and he could do more if actually this was something that didn't come out in the discussion, that, Germany is worried that if you provide this kind of support then countries like Italy would stop pursuing structural reforms and that is not the case because by having a great benefit from it and losing the benefit if you abandon the structural reforms is I think a stronger guarantee that they will not abandon it than anything else.”
Wow, one sentence. What a train of thought. Either the thinker-speaker is a genious, or rather lives in mental nirwana.
He's a Carleone.
Without a sense of honor?
Not to mention, i dont think it makes sense. If structural reforms to reduce deficits were self reenforcing countries wouldn't go into debt. The fact countries have such a hard time with fiscal discipline validates Germany's concern and points out why Soros' views should be ignored, he doesnt have a good grasp on reality.
Soros is a puppet for a few families (bankers) at the top.
What a beautiful history: came from scratch and became a billionaire! Oh yes!
Try to read the lines in between.
Behind every great fortune is an undiscovered crime.
Or crimes, in this case.
One of my favorite quotations of all time. Spoken by a Frenchman (Balzac) of course.
Well..... GREECE NEEDS A NEW FINANCE MINISTER....no ? Shall we ask if he is up to it ?
Behind every great fortune is an undiscovered crime.
So if I win the lottery, I must have commited a crime? Is this one of those original sin kinda things, ie, we're all criminals from the day we're born?
Do please explain.
You have no concept of "great fortune."
The only thing this asshat ever trades on is inside information. He's on Bloomberg to talk his position, and it doesn't look good for the Euro. This guy is a pure parasite.
http://vegasxau.blogspot.com
"- see this is what the weakness of the euro as it is currently structured because a developed country has no reason to default because it can always print money. By printing money it can devalue the currency and people can lose money by buying debt but there is no danger of default, but the fact that the individual members don't now control the right to print money - they have given that right over to the central bank you see, and that has created this situation with a European country that could actually default and that is the risk that the financial markets price into the market and that is why say ten-year bonds yield 6% whereas British 10-year bonds yield only 1.25%. That difference is due to the fact that these countries have abandoned the, surrendered their right to print their own money and they can be pushed into default by speculation in the financial markets.”
Perhaps, but at some point the only difference between hyperinflation and default is academic. What George is saying here is that he can’t believe individual European governments were so dumb as to give away their most powerful tool: the ability to screw their lenders.
Sure, print like Zimbabwe and pay down your $Zim denominated debt with funny money.
But that only solves one part of the problem.
The other is that your ongoing funding costs won’t be anywhere near 1.25.
The UK won’t be rolling at a 1.25 for very much longer anyway.
Everyone can’t be the best looking horse in the glue factory.
He is short Bunds (outright & / or against spreds with other Euro denominated crap)He bet wrong that the Socialists would prevail and make him a big win, by shackling Germany to the debts of others and seing Bund Yields soar and spreads compress. Not working out, didnt` work out for MFG either. Time to get on the media and predict armageddon, must be hurting big time.
I wonder.... It would explain a lot.
I don't have time to listen to the whole interview. Did he mention any other individual tradeable security? If not then reload has hit the nail on the head. Men like Soros always talk their book even when they can convince themselves they are doing a public service. Their logic works like this:
By convincing the world that x is true his investment in y is crystalised at a profit.
This is how it works.
Geoarge if German bunds are in a bubble the U.S bonds are the Hindenburg.
[Senile] Dementia (taken from Latin, originally meaning "madness", from de- "without" + ment, the root of mens "mind") is a serious loss of global cognitive ability in a previously unimpaired person, beyond what might be expected from normal aging
"Merkel has emerged as a strong leader", but "unfortunately, she has been leading Europe in the wrong direction" – George Soros
That’s good news. There are two directions; the Soros direction and the other direction. Thank goodness Merkel is with the other direction.
Just -- walking in ever growing circles around one's crumbling banks, not sure that's a direction worth following.
That was the most self-serving statement in the interview ... and that is saying a lot. Somebody needs to put the banksters in their place. Deutschland is in a position to do just that.
Did someone forget to tell him he is dead? Must be the residual bathsalts in his system
Resident Evil
good plastic surgery. look at his hands. his face used to look like his hands a couple years ago.
That's from drinking the blood of infants and virgins, not plastic surgery.
We have arrived at the end of the age of governments. All nation states have become useless dinosaurs that steal labor, kill people, and destroy commerce. Let them all die together.
What about the full Lupe Fiasco Interview on The Colbert Report?
www.tradewithdave.com
Soros is a loopy fiasco.
What Bankers Want: http://unicornpoo.wordpress.com/2012/06/25/what-bankers-want/
Weidmann from Bundesbank had a long live interview with der Spiegel in Germany. Soros' ideas will not be accepted until there is an institution that will have enough power to rule in debt sinners. What was quite interesting was his comparison between Fed and ECB. Asking Bernanke if the Fed would buy Florida or Oklohoma bonds to bail them out without Federal oversight. Ben' s response was, no way.
The above message brought to you by the guy who never met a free man he didn't despise,
Screw Soros. Here's an interesting read on the Euro:
http://www.acting-man.com/?p=17874
Most Germans are frugal and have some savings so it is more likely that their Federal government will protect savers from the profligate members of the EU, IMHO.
Disgusting post ZH, simply disgusting.
You can't possibly be serious? This old psychopathic sadistic fuck can go fuck himself and take a dirt nap. Yes of course, more centralization, more debt and for everyone here in Europe to give up what little autonomy we have left surely must be the answer to these problems huh?
I can't believe ZH would spread his demented vile lies as some sort of wisdom. Just simply truly disgusting. :/
+1 agree 100%. The inner workings of ZH are mysterious and I believe it is generally on the same page as most of us here, but it also churns out posts at an amazing rate and is likely paid at times to publish some content (Charles Hugh-Smith, Phoenix Capital, Mad Hedge Fund Trader, Leo way back when?), so who knows how they come up with some of what they post.
That said, I just love that this comment board is almost unanimous in its disgust for self-serving Soros and the continuous debt-slavery status quo his 'solutions' represent.
You are right and I may have been a bit too harsh in my post, my disgust for Soros must have overwhelmed me for a second. I agree that it should be noted and commended that even if ZH gets paid to post some garbage like this post, at least they keep the comment section free of any censure and allow for readers to voice their opinions, whatever they may be.
ZH posts are typically pretty good and once in a while it's like WTF but the witty commentary from it's members is priceless.
Three days to Eurocalypse?
No. Just three days to the ressurection of the free market.
this guy is Dracula and Caesar Borgia rolled into one! Renaissance chimes as Constantinople-Athens falls!
Shock! The demon spokesman for one world government wants a one world digital currency backed by nothing but the good faith and credit of the Rockefellers and the Rothchilds and their international banking and corporate cartel!
Tuco
No, no, it'll be backed by them collateralising the rest of us.
lehmans bankruptcy was an accident? i did not know that
Yeah, the asshat sounded like he was talking about a puppy that pissed on the floor: "But even if you manage to avoid, let's say an 'accident' similar to what you had in 2008 with the bankruptcy of Lehman Brothers.."
Vee have ways to make "accidents" happen, yah ;-)
who da bitch in dis fucked up satanic abusive relationship.
david rothschild
baron edwyn de roth
david d rockafella skank
soros
soros is da frontman methinks.
but he is also the analized gimp.
how can anyone possibly want to listen to a man that has been regularly fisted by the illuminated inter bred families of europe.
TW I like the cut of your jib.
he wants Europe to fail
Why?Tis the quetion.
problem/reaction/solution (the manipulation method) and/or the hegelian dialectic (the framework for directing the historical narrative) are useful concepts to understand this.
Problem reaction solution:
Hegelian dialectic:
The thesis is the current financial union of europe, justified by the alleged necessity to coordinate the nations for whatever ends
The antithesis is the financial crisis that Europe is going through, apparently caused by the lack of fiscal coordination between members of the union but truly with roots too exquisitely manipulative to be discussed presently (that's what ZH is about!)
Put those in a blender, shake vigorously, using P/R/S to preach for more centralization as a solution...
Soros makes as much sense as any oligarch, and comes up with solutions that would only appeal to oligarchs. He wants to pay off old debts (he and his class are the CREDITORS in this system) with new debt. Which is great for him but still puts everyone else into permanent debt peonage.
When I hear these wealthy bastards finally admit the only solution is massive default and, a total reset of the world's banking and monetary systems, is the day I take them seriously.
Debt Chains Forever!
Billionaires I cant stand list:
1) Soros. Constantly warns about the end of Europe and almost singly handidly destroyed the UK
2) Buffet. You can put lipstick on a pig but it is still a pig. Buffet, your phony Santa gimmick is up. How many times did you do Becky from CNBC already?
3) Trump. Your fired a-hole! What a narcissistic egomaniac.
4) Welsh. How come you never say anything about the guy you picked to take your job? As in, where is GE stock price since you left? Never mind the GE is the parent company of CNBC, home of all things financially brain-dead.
I think that it is very hard to like anyone who is a billionaire. Why does anyone want a thousand million dollars? What is the point?
My guess is that it has something to do with men who have disagreeable personalities, chronic halitosis, a sub-average penis, erectile disfunction, and a realization that no woman would be willingly caught within 50 feet of them if not for their money.
Just how many WOMEN billionaires does anyone know of?
It is high time that we as a society stop idolizing these sick greedy bastards, and start mocking and reviling them for the (usually) sociopathic, soulless, perverted monsters that they are.
I don't necessarily disagree with all these cliche sentiments, but they sure are off-the-rack and maybe say more about you than anything else.
At least learn to spell the names of people that you feel qualified to diss.
...
As I listen I detect his "solution" is to preserve the status quo at all costs.
Funny as the days pass, that audience becomes smaller and smaller.
The status quo means slavery for the global working class.
I'll take my chances in a world where the status quo blows up.
Just to keep things in perspective, Israel had protests this weekend and many were arrested (85 in Tel Aviv):
http://news.yahoo.com/dozens-arrested-israel-social-protest-065404807.ht...
There are anti-government protests in Nepal, Sudan, Yemen
http://seattletimes.nwsource.com/html/nationworld/2018522197_apasnepalpr...
http://www.sudan.net/completenews.php?nsid=3398&cid=1
http://yementimes.com/en/1584/news/1043/Amidst-calls-for-southern-secess...
There is an occupy movement in Hong Kong vs HSBC:
http://www.businessweek.com/news/2012-06-25/hong-kong-protesters-vow-to-...
Haiti:
http://www.huffingtonpost.com/2012/06/25/haiti-slum-protests-government-...
Bahrain:
As Hopes for Reform Fade in Bahrain, Protesters Turn Anger on United Stateshttp://www.post-gazette.com/stories/news/world/as-hopes-for-reform-fade-...
Tunisia:
http://www.jpost.com/International/Article.aspx?id=275149
And more.
Double, double toil and trouble; fire burn, and cauldron bubble.
Did Soros point them out to the authorities!?
"But, but I’m disturbed…I’m depressed…I’m inadequate: I
got it all !!!"-George
I have never seen Soros and Kissinger in the same room at the same time...
Soros is the classic Statist. Sure, he wants Federate Europe so he and he friends can squeeze billions from their cronies.
How does Federation erase current debts OR slow down government spending? US State governments run up horrendous debts (like CA) then ask for a Federal bailout.
http://confoundedinterest.wordpress.com/2012/06/25/the-new-siegfried-lin...
Memo to George- Go fuck yourself with a baseball bat
10+ for that one!
More debt please! Fucking idiot.
George! George! George! soon enough, you shall be welcomed to my abode. eternally mine, L. Diablo.
Doesn't really matter what he is recommending, all you need to know is that:
1. Soros doesn't give a rat's ass about what happens to Europe/Europeans.
2. He will become even more filthier rich if his advice is followed.
Isn't this the same "hurry up and bail out" mentality that drove the original bank bailout?
Also, I seem to remember nothing happening when the "doomsday" deadline came and went.
Soros must have some options that are expiring.
Too Big To Fail, Long Live EMPEROR Jamie! ScapegoatingANY Ivory Tower 'theory' in order to cover-up for MAFIA Capitalism is intellectually dishonest.
And the $2.3, or per Johnson and Parsons, $4 trillion of JP Morgan “balance sheet” exposures don’t tell the whole story. Banking expert Chris Whalen has described JP Morgan as a $2 trillion banks attached to a $75 trillion derivatives clearing operation. Why do you think, when Lehman and MF Global got wobbly, that JP Morgan became more and more difficult to deal with? Because their role as clearer made them particularly exposed.
JPMorgan’s total balance sheet is valued, under U.S. accounting standards, at about $2.3 trillion. But U.S. rules allow a more generous netting of derivatives — offsetting long with short positions between the same counterparties — than European banks are allowed. The problem is that the netting effect can be overstated because derivatives contracts often don’t offset each other precisely. Worse, when traders smell trouble at a bank that has taken on too much risk, they tend to close out their derivatives positions quickly, leaving supposedly netted contracts exposed.
People with experience regulating or analyzing financially distressed institutions greatly prefer to measure potential losses with the European approach, in which netting is allowed only when contracts expressly incorporate settlement on a net basis under all circumstances.
Now you might say, “didn’t JP Morgan submit a preliminary plan for an orderly wind down? Surely we can manage this sort of thing now.” Don’t hold your breath. Top bankruptcy lawyer Harvey Miller objected to the decision to put Lehman into bankruptcy in haste, warning that the failure of a mid-sized broker/dealer (and Lehman was clearly bigger that) disrupted markets.
Johnson’s warning is clear: a eurozone crisis is not likely to be contained, and the biggest US banks are exposed. And it is looking more and more likely that we’ll find out whether the regulators can, as they insist, manage a big bank failure without engaging in massive bailouts. (www.nakedcapitalism.com)
a jewish man who made a profit from working in nazi death camps and admired by many.
the solution is there we just need to act on it.
he says.
only 3 days left...
sounds like iraq wmd 45 min warning.
thesis,antithesis,synthesis
collapse,chaos bringing a jewish knight in shining illuminated masonic armour.
result.
1 bank.
1 europe from further integration : )
1 prison
make the potato your friend.
this could get medievel
http://es.wikipedia.org/wiki/Archivo:Vincent_Van_Gogh_-_The_Potato_Eater...
But Vincent, I could have told you this world was never meant for one as beautiful as you!
Don McLean/ Stary stary nights
I did quit the interview after 6 seconds. First i read comments on an article, then i read the article itself, most of the time. I can't bear anymore of this technocrat or financial fascists trying to get away from the guillotine.
In the next interview with Soros, or some EU official, or a former GS CB, i want to see real fear in their eyes.
Then i will watch the FULL movie.
I believe you see that as a "popcorn" moment?
In the next interview with Soros, I'd like to see him keel over, clutching his chest, gasping for breath.
It has been super clear that they have been yearning to destroy the last fense of nation states. The plan has been working like a charm.
soros is like the henryKissinger of the goldilocksCrisisTM
guess what? the summit will not panic; marioECB's plan must at least include some goldilocks safety-net from timmah&FED and cuckooChanelIMF
this is so exciting! what better fun while doing the wash?
Soros is proof that you can't buy a soul.
So he pulled his "3 months" blog to he can now say "3 days"?
It's really 2 days. You have to do like he does & front run his statements.
Yes young lady, sit on my lap and I will answer your questions. I'm having trouble hearing you from across the room.
"....the treasury bills by being truly riskless and guaranteed by the entire community..."
Truly riskless=Truly hilarious.
But truly to be avoided like the plague since he is talking them up.
Questions that need an answer:
Who's treasury bills is he speaking of ? Timmay's? Who is the "entire community"?
This guy talks like he's drunk..
eh uhmmm ehh, e , uhm, ehmm, ehh, e ,e , uuh, I uhm ee..
Fuck you George. How much is enough?
Bob Dylan's lyrics beckon:
"All the money you made will never buy back your soul."
Just another Statist.......yah, whatever......
3 days to a descent into anarchy and cannibalism - so the bankers tell us. not true says mario monti - who says we've got at least 6 or 7 days - which is twice Soros' estimate.
i'm starting to think that they could let the whole thing blow up - and no one would notice - save for a very small number of bankers and hedge fund managers.
http://www.guardian.co.uk/business/2012/jun/22/mario-monti-week-save-eur...
"... chaos and cannibalism"
"Anarchy" (the absence of government) is NOT synonymous with "chaos"!
More and more nowadays, precisely the opposite in fact.
this freak smiles each times he sais money or curency. scary.
http://www.chassisenpvc.be/
AHHHHH-HAAAAAA....Look at that burned-ouwt old fagg trying to feed everybody a bunch of crap that he is just making up off
the top of his head as he goes. !! AHHHHH-HAAAAA ...What an old fool!
Two interesting facts about George.
He has 1/3 of the hair he had when he was 30
and
He has Holmes Aidie Syndrome. Which is why his eye lid is drooping (Aidies Eye lid).
didn't david axis of evil frum have that - but i saw a recent interview and he was fine
Sorry but I could not be less interested.
He 1/1000 of the soul he had when he made his deal with the Devil.
What a total scumbag. The solution to everything is more egregious control by more egregious predators in more egregious and untenable ways. His solution is --- governments just print and spend money and give themselves the ability to enslave every future generation, not just the next several.
Look, the entire structure of planet earth today is based on the following idea:
Give credit cards with no upper limit to people who do not have to pay back the debt they incur. Oh, and give these same cretins unlimited control of hordes of jack booted thugs to go steal and waste even more wealth, and beat the crap out of anyone who objects.
Every single human being on earth who is honest for a moment would agree such a scheme is inherently unworkable, and in fact, inherently insane.
Yet that is the basis of every gang of predators DBA government on the planet.
Human beings are a complete FAILURE. Human beings are FINISHED unless they throw off this and other forms of collectivism, and return to individualism (responsibility for self).
Who is Soros and what is he standing for?
Fact: As far as I know, the FED is a private bank whos owners aren't even officially known. At the present status, it hasn't the obbligation to declare who the shareholders are. Research tells FED's owners are Rotschild Banks of London and Berlin; Lazard Brothers Bank of Paris; Israel Moses Sief Bank of Italy; Warburg Bank of Hamburg, Germany and Amsterdam, Kuhn Loeb Bank of New York, Lehmann Borthers Bank of New York; Chase Manhattan Bank of New York (under control of the Rockefeller family).
Basically, the FED has, since 1913 - Wilson - the power to print money out of nothing and borrow it to the US government. Some of the FED's functions are performed by de Federal Reserve’s Open Market Committee (FOMC), which has 12 members belonging to american banks. The FED is a finantial corporation, shareholders are not even exactly known by the US citizens, under the leadership of a banker's cartel - even foreign ones - some of it's functions delegated to a cartel of american bankers.
According to the Bureau of Public debt (http://www.publicdebt.treas.gov), at 05/24/2012 USA public debt was U$S 15,712,446,368,243.65; USA GDP 2011: U$S 14,582,000,000,000 (http://www.tradingeconomics.com/united-states/gdp), 103% del GDP (same source, data can be updated daily).
Bankers are major contributors to both Democrats and Repubblicans. Who is in control of the US Government? (We've read on ZH about Bush's present to fraud freely by even keeping two separate sets of books and Clinton's gift of Glas-Steagall's derogation, deregulation)
EUROPEAN CENTRAL BANK (ECB) belongs NOT TO THE EU States but to Eurozone's Central Bank members and NON Eurozone's Central Bank members (such as Bank of England, Sweden, NO Euro countries).
?
?Who owns Eurozone States' Central Banks? PRIVATE BANKS. http://www.ecb.int/ecb/orga/capital/html/index.en.html
?
?WHAT IS GOING ON? AMAZINGLY HUGE BANKSTERS LOSES (derivates to be thanked to Clinton's and Bushe's gifts) ARE BEING TRASFERRED TO CITIZENS THROUGHOUT GOVERNMENTS (also CONTROLLED by BANKSTERS, as all of us know: Monti, De Guindos, Samaras, Shuterand, Draghi, (ECB) etcetera and even Merkel and Obama as they NEED banksters (having resigned monetarian sovereignity GOVERNMENTS CAN'T HANDLE MACROECONOMICS TOOLS AS monetarian policy...).
?
?What's the best a banker can ask????? To be backed up by the government no matter what, wich is what SOROS aims at: ?ONE MORE BIG, MONSTROUS UNION GOVERNMENT (THE UNITED STATES OF EUROPE) OF BANKSTERS (AS THE USA) CONTROLLING STATES' ECONOMIES AND ASSETS AND THE POWERFUL WAR CAPACITY OF NATO.
?
?That's all, folks. NO DEMOCRACY, NO FREE MARKETS, NO FREEDOM, NO CHOICE. Everybody is and will be forced to pay bankster's bills.
?Hope people wake up and realizes there's nothing good for any of us around the world under that kind of INGSOC already in process.
?
?Either we fight for freedom or enslaves ourselves for good. Choice looks pretty clear to me.
?
?
[1] http://www.usagold.com/federalreserve.html;