Posted on 06/10/2010 1:25:44 PM PDT by blam
Soros: The Crisis Is Far From Over, And Derivatives Are A "License To Kill"
Vince Veneziani
Jun. 10, 2010, 4:14 PM
George Soros is sounding a lot like Warren Buffett these days.
In a conference in Vienna, the famous investor said that Europe's worsening debt situation is just "Act II" of the crisis, according to Bloomberg.
Bloomberg: “The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”
Soros, 79, said the current situation in the world economy is “eerily” reminiscent of the 1930s with governments under pressure to narrow their budget deficits at a time when the economic recovery is weak.
But the kicker was what he had to say about credit default swaps. Soros called them a "license to kill" and that they should only be allowed if there's an "insurable interest." Quite reminiscent of when Warren Buffett famously called derivatives "weapons of mass destruction."
[snip]
(Excerpt) Read more at businessinsider.com ...
The crisis will on its way to being over when Soro’s fat you know what is sitting in jail.
Soros may be a commie, but he’s a wealthy commie. He didn’t get rich by being stupid.
I think he’s right about act II and derivatives.
“they should only be allowed if there’s an “insurable interest.”
I wonder if he regards the millions he’s dumped into progressive causes an insurable interest. If so, did he purchase any swaps to cover his position when the progressives in Congress get their heads handed to them this fall?
I’ll have to say, in that photo he doesn’t look particularly distressed about the world being in the worst financial crisis since the 1930’s. Of course, for all we know, everything is playing out exactly as he planned it years ago...
“Do you expect me to talk, Sorosfinger?”
“No, Mr. Bond. I expect you to die.”
I suspect, Soros can’t stand the competition.
...I know, because I'm orchestrating about 50% of it personally...
“the famous investor?”
Really, because aren’t there warrants out for his arrest in some countries because he meddled in a way to collapse their currencies?
You know, like he’d like to do to the dollar. He’s been trying to buy himself a President to aid and abet him in this enterprise for years. And look - he finally FOUND one!
There is an international arrest warrant that was issued in Malaysia...this warrant is still active.
It just struck me, didn't Soros visit the White House while under this warrant?
A few brave patriots protested economic terrorist George Soros and Gordon Brown... other news outlets would not touch this.
See the NHTPC site for a list of articles, item under this one with videos.
http://www.nhteapartycoalition.org/tea/2011/04/11/video-of-soros-protest/
That old commie Soros IS still right about those Derivatives, they are economic destruction, set to blow this nation apart.
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