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Soros sounds dollar warning (Soros tries to kill America, again)
GulfNews ^ | 23/2/2005

Posted on 02/27/2005 7:59:17 PM PST by jb6

Jeddah: George Soros is warning all oil-producing countries about pegging their currencies and oil revenues to the dollar.

"The US dollar is weak, and is expected to deteriorate more," said Soros.

The famous currency trader and financier warned Russia and other oil-producing countries to sell their oil and price it in euros rather than US dollars, because the US dollar continues to fall against the euro.

The US dollar poses a danger to oil-producing countries and their economies, he said.

Many central banks intend to peg their currencies to the euro and increase their balances of European currency against the dollar.

Soros's remarks came during at a press conference on the sidelines of the Jeddah Economic Forum, which ended on Monday.

Soros rejected allegations by some economists who held him responsible for the collapse of financial markets and creating an economic crisis in South East Asia.

He was accused of leading an international campaign to weaken currencies of a number of South East Asian countries when he withdrew his funds from Asian stock markets in 1997.

Soros said he sold all his Malaysian and Asian currencies six months ahead of the crisis, and has insisted he had nothing to do with the carnage in the markets.

Soros attributed the crisis to short-term investments in stock markets and the property boom as many investors withdrew their funds and pumped them into real estate.

Ironically, Soros's comments about the dollar may find support from at least one of his old antagonists.

In an interview with Gulf News last month, Dr Mahathir Mohammad, former prime minister of Malaysia, also warned against relying too much on the US dollar.

"Why are we clinging to the US dollar when we know we are going to lose money [as it declines in value]?" Dr Mahathir said.

He and Soros clashed in 1997, when Mahathir blamed global currency traders for the decline in the Malaysian currency


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: athiest; buttofevil; cnn; currency; dollar; easonjordan; economy; evil; globalgovernance; insane; islamics; mastersoftheuniverse; mediawaronamerica; oil; soros; wef
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To: Tax Government

Well, he was run out of Russia, Indonesia and several other nations. France sued him and won for $2 million. He was persona non-grata in England but is back buying up land and probably prepping for an English Orange (Limey? Blood pudding? Shepard's Pie?) Revolution on the next elections.


21 posted on 02/27/2005 8:23:14 PM PST by jb6 (Truth = Christ)
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To: Goodgirlinred

Soros is a traitor.


22 posted on 02/27/2005 8:23:32 PM PST by spyone
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To: jb6

He has a very large short position along with his pal Buffet. He certainly isn't going to talk the dollar up.


23 posted on 02/27/2005 8:23:38 PM PST by Wolfhound777 (It's not our job to forgive them. Only God can do that. Our job is to arrange the meeting)
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To: Goodgirlinred

First he's Jewish, second he passed himself off as an escapy. He's a piece of work alright, he, his brother and his two sons (one is a flamer). He was still a kid, around 18 or 20 after the war.


24 posted on 02/27/2005 8:24:50 PM PST by jb6 (Truth = Christ)
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To: Doe Eyes

"Its amazing that a single man can destroy the US Dollar"

He didn't destroy it. Congress and the Federal Reserve destroyed it.


25 posted on 02/27/2005 8:25:16 PM PST by Wolfhound777 (It's not our job to forgive them. Only God can do that. Our job is to arrange the meeting)
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To: Goodgirlinred
I doubt if he believes in a higher power. He probably believes HE is the higher power.

That is Hinduism,..........Ultimate realization of re-incarnations!

Hindu mysticisms,...Kaballah mysticisms,...etc,.....'At ONE with the ONE',...Ego Trip!

/illusions

26 posted on 02/27/2005 8:26:06 PM PST by maestro
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To: maestro

Thanks for the ping!


27 posted on 02/27/2005 8:27:54 PM PST by Alamo-Girl
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To: Doe Eyes
"Its amazing that a single man can destroy the US Dollar."

I thought he was married.

28 posted on 02/27/2005 8:28:03 PM PST by oprahstheantichrist
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To: Doe Eyes
Its amazing that a single,...'U.N.',... man can destroy the US Dollar?

/Islamic $$$$$$ U.N. connections

29 posted on 02/27/2005 8:28:49 PM PST by maestro
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To: Russ

I am beginning to think he could be. He collaborated with the Nazis and someone allowed him to become an American citizen? I want his citizenship revoked! My father fought the Nazis! Why the heck should a Nazi collaborator be allowed to become an American citizen, become rich off of our country, and then try to tear it apart? He should be tried for treason!


30 posted on 02/27/2005 8:28:52 PM PST by Goodgirlinred ( GoodGirlInRed Four More Years!!!!!)
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To: jb6

Is anyone asking whether the guy is right or wrong? I don't like him either; but, that doesn't necessarily mean he's wrong.


31 posted on 02/27/2005 8:29:44 PM PST by Havoc (Reagan was right and so was McKinley. Down with free trade. Hang the traitors high)
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To: Russ
"Is Soros the anti-Christ?"

If he were just a bit younger, I'd be betting on it.

32 posted on 02/27/2005 8:30:00 PM PST by oprahstheantichrist
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To: Doe Eyes
Its amazing that a single man can destroy the US Dollar.

He can't. Soros is, by international monetary standards, a loud-mouthed pipsqueak.

The oil-producing nations are free to peg their product to any currency they want. And the dollar is, indeed, falling in value with respect to the Euro.

Of course, it isn't just the short-term arbitrage that's involved here. The underlying economies are a much more reliable indicator of where the currencies will be 10, 20, or 50 years from now. Hard-eyed traders are going to be looking at this: which economy do you want to depend on, the U.S.'s or the EU's? And if the latter, how much pain will you be willing to stand when it turns south?

33 posted on 02/27/2005 8:30:40 PM PST by Billthedrill
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To: jb6
You could collect your Soros posts and publish them as "Protocols of the Elders of Soros".

Soros is not a bridge you can use to span the widening chasm between America and Putin's Russia.

34 posted on 02/27/2005 8:30:57 PM PST by Hoplite
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To: bboop
"Perhaps Soros has his pants in a bunch because he spent all that money trying to bring Bush down ... and lost big. I think he is just determined to get him. Should be in that cage with Saddam."

Interesting whom Soros is now propping up, the Euros, apparently he needs the 'oil-producing' nations in his new play.

One has to wonder now that JFKerry turned out to be such a big flop for the king maker will he now try and make hillry the queen she sees herself to be. One thing is for certain Soros is seeking to harm the US, and appears to be willing to crawl into bed with whom ever he can to make that harm happen.
35 posted on 02/27/2005 8:31:59 PM PST by Just mythoughts
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To: jb6

He's fixing to short dollars. Personal gain is his motive, maybe so that he can try to purchase a President again.


36 posted on 02/27/2005 8:32:13 PM PST by meyer (Our greatest opponent is a candidate called Complacency.)
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To: jb6

It's time for the CIA to do their job for the national defense.


37 posted on 02/27/2005 8:32:13 PM PST by bigsigh
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To: meyer
He's fixing to short dollars.

Duh!(slaps self in forhead) - he's been shorting dollars, now he's fixing to buy them ... cheap.

38 posted on 02/27/2005 8:33:21 PM PST by meyer (Our greatest opponent is a candidate called Complacency.)
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To: Hoplite

No, but he's the glue that will bind Hildabeast's presidency to the EU socialists. Try not to show glee. Oh and he loves the Islamics you seem to champion too.


39 posted on 02/27/2005 8:34:01 PM PST by jb6 (Truth = Christ)
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To: maestro
Oh. Kabellah? Isn't that what Madonna is into now?

Gee, you sure do know a lot.

No, I am not blonde.
40 posted on 02/27/2005 8:34:24 PM PST by Goodgirlinred ( GoodGirlInRed Four More Years!!!!!)
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