[CommieCutter]

“We’re now in a period of wealth destruction,” says George Soros.

---

Thanks to people like you!

[AndyJackson]

We’re now in a period of wealth destruction,” says George Soros

The wealth, the ability to produce, was destroyed long ago. What is left is balancing the books and settling up.

In fairness to Soros, he has never been in the wealth generation mode, but rather in making money off the optimistic delusions of others when they turn sour. The real culprits were the investors who thought that excessive houses in the Nevada desert and a glut of shopping malls everywhere is "wealth."

[webheart]

“We’re now in a period of wealth destruction,” says George Soros. “It is going to be very hard to preserve your wealth in these circumstances.”

It won't be hard for him to preserve his wealth, though.