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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: Hoplite; A. Pole; Destro; ninenot; OldFriend; Lion in Winter; Mount Athos; Honorary Serb; ...
Strip your posts of the idiot fearmongering, and you're got nothing left

Which is still more then you have. I guess your Hadje is over, we missed you (not) for a while there.

61 posted on 02/27/2005 8:53:28 PM PST by jb6 (Truth = Christ)
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To: jb6

I read somewhere that he has set out to put an end to all worship of God. Something about some group he had started.

Also that his offices in Russia were raided and he is no longer welcome in their country for some reason.


62 posted on 02/27/2005 8:55:49 PM PST by GloriaJane ("How Many Babies Are Crying In Heaven Tonight" http://music.download.com/gloriajane)
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To: jb6
What matters is if the nations sell in Euro then all the importers dump the dollar to buy Euros. Euro value goes up, but the dollar might easily start a death spiral with our credit along for the ride, while the interest rates shoot up faster then the magic bean stock.

Then,....we'll have to create a 'Homeland Security Force' to keep law and order?

/sarcasm?

63 posted on 02/27/2005 8:55:51 PM PST by maestro
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To: maestro

No there are enough Law and Order reruns to keep the public engrossed through any crisis.


64 posted on 02/27/2005 8:57:04 PM PST by jb6 (Truth = Christ)
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To: GloriaJane

Declaring himself Lord Grand Master above paying taxes or obeying laws had a lot to do with it.


65 posted on 02/27/2005 8:57:48 PM PST by jb6 (Truth = Christ)
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To: jb6
Which is still more then you have.

Of course. Explains why I'm the one calling for backup.

66 posted on 02/27/2005 9:04:07 PM PST by Hoplite
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To: maestro
Thank you! :) I love life, too! I am a happy person and tend to be a little ditzy in my enthusiasm sometimes. :)
67 posted on 02/27/2005 9:04:10 PM PST by Goodgirlinred ( GoodGirlInRed Four More Years!!!!!)
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To: jb6

I used this article during the run up to the election to show people who was behind the big push for kerry and how this Soros had set out to bring President Bush down. And why it was just one more reason why they should vote for President Bush. http://slate.msn.com/id/2096921


68 posted on 02/27/2005 9:07:04 PM PST by GloriaJane ("How Many Babies Are Crying In Heaven Tonight" http://music.download.com/gloriajane)
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To: Hoplite

I'm not calling for back up, I'm writing to people who might be interested in your rantings, you should be honored. I can handle your jihadi shilling behind all by my lonesome, even while my kids bounce on my knees, if they weren't asleep.


69 posted on 02/27/2005 9:09:08 PM PST by jb6 (Truth = Christ)
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To: Goodgirlinred
......Good!

....that's nice too!

:-)

70 posted on 02/27/2005 9:09:08 PM PST by maestro
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To: Old Sarge; backhoe; piasa; Godzilla; tmp02; Liz; All

Ping


71 posted on 02/27/2005 9:14:26 PM PST by Cindy
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To: jb6

And an euthanasia enthusiast and death culture financial promoter.


72 posted on 02/27/2005 9:17:26 PM PST by tertiary01 (Believe your eyes and heart before some stupid tests.)
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To: jb6

Just goes to show, jb6 - you need to get a license to drive a car, but anybody can have kids.


73 posted on 02/27/2005 9:18:42 PM PST by Hoplite
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To: Dan from Michigan

I've always thought that when Soros starts getting rid of all his dollars, he knows that Something Bad is going to happen.


74 posted on 02/27/2005 9:18:54 PM PST by Sender (Team Infidel USA)
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To: GloriaJane

You know, re-reading that article, I'd say Soros thinks we are in step 2 and he's trying to push step 3 into happening.


75 posted on 02/27/2005 9:19:13 PM PST by GloriaJane ("How Many Babies Are Crying In Heaven Tonight" http://music.download.com/gloriajane)
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To: tertiary01
And an MASSES euthanasia enthusiast and MASSES death culture financial promoter?

/Work Makes Free Soros....

76 posted on 02/27/2005 9:20:05 PM PST by maestro
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To: jb6

Soros is just making an economic prediction, and one that has some merit, although nobody really knows.


77 posted on 02/27/2005 9:20:33 PM PST by Torie
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To: Hoplite

And good Christian kids at that, the next generation is going to be ready for anything Islamic that crawls from your loins. But if you'd like, there are plenty of places that will perform a free Jihadi castration for you, to remove your worries.


78 posted on 02/27/2005 9:21:28 PM PST by jb6 (Truth = Christ)
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To: Torie

In Saudi Arabia, towards the oil producing nations that can severly damage America if they switch to the Euro by causing a flood of dollars. Yup, just a "prediction". Sure.


79 posted on 02/27/2005 9:22:41 PM PST by jb6 (Truth = Christ)
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To: jb6
"Soros tries to kill America, again"

Maybe it's time to return the favor!

(Metaphorically speaking, of course.)

--Boot Hill

80 posted on 02/27/2005 9:23:27 PM PST by Boot Hill ("...and Josuha went unto him and said: art thou for us, or for our adversaries?")
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