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SOROS: 'What Japan Is Doing Is Quite Dangerous'
TBI ^ | 4-5-2013 | Sam Ro

Posted on 04/05/2013 4:06:26 AM PDT by blam

SOROS: 'What Japan Is Doing Is Quite Dangerous'

Sam Ro
April 5, 2013

Legendary investor George Soros is in Hong Kong for the INET conference.

He took a few minutes to speak with CNBC's Bernie Lo.

"Reports say you made a billion dollar shorting the yen," Lo said. "What are you trying to do? Break the Bank of Japan?"

"I think the Bank of Japan is eager to have people do that," joked Soros.

On Thursday, the BoJ's Haruhiko Kuroda announced extremely aggressive monetary policy, an effort to stimulate Japan's stagnant economy.

"It is a sensation because he broke some of the monetary taboos," said Soros about Kuroda. "It's a very daring undertaking."

He continued by discussing how to fight deflation.

"In the conditions of deflation that Japan has been in in the last 25 years, one way to break that is to have monetary policy, which buys in the market government bonds and the government providing fiscal stimulus so that it effectively doesn't increase the debt outstanding," explained Soros. "Because what the government sells in bonds on one hand, the bank buys with the other hand. The government owns the bank. That doesn't increase the debt."

"But if it stimulates the economy, using unused resources, then the economy grows," he said. "If you go to Japan, you will find people are quite excited."

Soros, however, warned that Japan's efforts to devalue the yen is risky.

"What Japan is doing right now is actually quite dangerous because they are doing it after 25 years of just simply accumulating deficits and not getting the economy growing," he explained. "So if what they're doing gets something started, they might not be able to stop it. If the yen starts to fall, which it has done, then people in Japan

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: banking; economy; japan; japancrisis; japanexperiment; japanmarkets; japansoros; japansorus; northkorea; soros; waronterror

1 posted on 04/05/2013 4:06:26 AM PDT by blam
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To: blam
Posted Wednesday:

Japan's Great Economic Experiment Starts In Just A Few Hours — Here's What You Need To Know

2 posted on 04/05/2013 4:08:09 AM PDT by blam
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To: blam

Russia still has a warrant for Soros for shorting the Rouble, causing it to devalue by a factor of three in 1999-2000.

Because he’s a U.S. citizen, countries having mutual defence pacts with the U.S. will not extradite him, because the U.S. does not have an extradition treaty with the Russian Federation.


3 posted on 04/05/2013 4:10:59 AM PDT by Westbrook (Children do not divide your love, they multiply it.)
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To: blam

Extradite? He should be hung, save the airfare.


4 posted on 04/05/2013 4:12:45 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: blam
Huge Rally Fizzles Out In Japan

The big story is Japan, which at one point was up nearly 4.5%, in the wake of aggressive action from the Bank of Japan.

But in the end, the Nikkei only ended up 1.5%.

A market up 1.5% is called a fizzle... What exciting times!

5 posted on 04/05/2013 4:14:13 AM PDT by blam
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To: Westbrook
He's not liked in Malaysia either:

GEORGE SOROS, SCOURGE OF ASIA? CONSPIRACY THEORIES

6 posted on 04/05/2013 4:17:46 AM PDT by blam
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To: blam

That vile maggot needs to be at the top of the list . . .


7 posted on 04/05/2013 4:19:08 AM PDT by tomkat
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To: blam
an increase in the size of the Bank of Japan's quantitative easing program, a directive to start buying longer-dated bonds as part of those asset purchases, a cut in the interest rate the central bank pays on excess reserves, and stepped-up purchases of risk assets like ETFs.

What's dangerous, George? Be specific.........oh wait, that would be a problem, wouldn't it?

8 posted on 04/05/2013 4:20:23 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: blam

I’d love to see Soros caught a billion on the wrong side of a short.

It would be like a freight train running over a bug.

Never happen though.


9 posted on 04/05/2013 4:21:11 AM PDT by OpusatFR
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To: tomkat
Maybe he'll get the bird flu while in Hong Kong.

Bird Flu Tanks The Hong Kong Market

10 posted on 04/05/2013 4:21:47 AM PDT by blam
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To: blam

Soros lost his soul when he sold out to the Nazis.


11 posted on 04/05/2013 4:23:58 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: blam
I wish someone would break this capo Nazi who turned his own people over to hitler. This is one of the most evil demons to walk the earth.

LLS

12 posted on 04/05/2013 4:28:07 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: blam
Where that evil bastard is concerned, karma has completely fallen down on its job.
13 posted on 04/05/2013 4:28:09 AM PDT by tomkat
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To: tomkat

“Where that evil bastard is concerned, karma has completely fallen down on its job.”

Well, he’s fat, old, and ugly.


14 posted on 04/05/2013 4:43:41 AM PDT by ModelBreaker
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To: tomkat

Soros is Dr. Evil incarnate. The guy appears to enjoy manipulating whole government economies and societies from his evil lair. He would make a good James Bond villain. Problem is I think he would enjoy the role way too much.


15 posted on 04/05/2013 4:45:55 AM PDT by jsanders2001
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To: blam

dangerous? they’re printing more money? just like 0failure did after 1 month in office... and has 2 times since

would he admit that 0failures policies, and that of all big govt types, are all dangerous and designed to fail?


16 posted on 04/05/2013 4:59:15 AM PDT by sten (fighting tyranny never goes out of style)
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To: blam
SOROS: 'What Japan Is Doing Is Quite Dangerous'

Translates as: "I bet on another horse."

17 posted on 04/05/2013 4:59:54 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: ModelBreaker
Well, he’s fat, old, and ugly.

Yeah, but he's still alive. I hope that changes soon.

18 posted on 04/05/2013 5:09:33 AM PDT by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Westbrook

I am surprised IVAN has not taken care of him.

He must have some very good sequrity on staff. Also, I would not want to be his food taster.


19 posted on 04/05/2013 5:27:47 AM PDT by woodbutcher1963
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To: Westbrook

security

Sorry, very tired this morning, almost pulled out in front of a car this am.


20 posted on 04/05/2013 5:30:40 AM PDT by woodbutcher1963
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To: blam

IOW it might cost him money


21 posted on 04/05/2013 5:31:12 AM PDT by AppyPappy (You never see a massacre at a gun show.)
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To: tomkat
Where that evil bastard is concerned, karma has completely fallen down on its job.

That's why I don't believe in karma, it never truly takes care of the evil and corrupt in this life. I imagine him in hell where devils poke him back down into a pit of bubbling, liquid fire to stew some more.
22 posted on 04/05/2013 5:33:43 AM PDT by Thorliveshere (Tais deau sá taghdedaul!)
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To: blam
Convicted insider-trading felon Legendary investor George Soros is in Hong Kong for the INET conference.

Fixed it.

23 posted on 04/05/2013 5:37:59 AM PDT by E. Pluribus Unum ("Somebody has to be courageous enough to stand up to the bullies." --Dr. Ben Carson)
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To: blam

Japan is the largest foreign buyer of US T Bills. If she blows up her economy, it will affect US because the largest buyer of US T Bills will not be available to help finance our deficit spending. This will force Fed Reserve to print more money or US gov faces defaulting.


24 posted on 04/05/2013 5:58:33 AM PDT by Fee (9/11 first shaking; 2008 finance collapse second shaking; 2015 ????)
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To: tomkat
Where that evil bastard is concerned, karma has completely fallen down on its job.

Perhaps you're right. Otoh, Soros might be an agent of karma, possibly neither good nor bad, but merely used by the PTB where necessary, just like everyone else is.

I haven't studied what he has done and how, so my opinion is raw, but from what little I've heard, he seems to take advantage of what others have done to themselves.

From this point of view, he serves a function in the universe to back up "Murphy's law". He is one of the agents of change the law warns you about, the who makes good on the threat.

I don't like what he does, but I like that we make ourselves vulnerable to him and others like him even less.

He becomes what we eventually do to ourselves.

25 posted on 04/05/2013 6:30:32 AM PDT by GBA (Here in the Matrix, life is but a dream.)
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To: GBA
My understanding has always been that the maggot turned on/in his fellow Hungarians (?) during WWII, resulting in their deaths.

For that alone, never mind anything since, there's nothing appropriate short of a rope, imo.

Tho I surely appreciate the effort, as for the metaphysics of the rest of your fine post, will have to re-read after the cable guy's gone and the third coffee starts to kick in !

lol

26 posted on 04/05/2013 6:38:12 AM PDT by tomkat
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To: sten

That was my thought. What is Japan doing that we haven’t done already and continue to do?


27 posted on 04/05/2013 6:41:21 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: tomkat

He turned on his fellow Jews and sent them to their deaths. Why hasn’t Shin Bet liquidated him?


28 posted on 04/05/2013 6:44:34 AM PDT by massgopguy (I owe everything to George Bailey)
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To: blam
PAY NO ATTENTION TO THAT MAN BEHIND THE CURTAIN!


29 posted on 04/05/2013 8:24:44 AM PDT by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: blam

Soros will never be held responsible for any of his doings

Soros is a big Free Trade Communist Globalist, and, even though many alleged conservatives complain about him....no Free Trader Communist Globalist really wants Soros busted...they are too linked to him

Soros was a member of the Carlyle Group, an investment group started by liberal GOP and which GHW Bush was involved in. He still has ties to both Dems and GOP

He even bought an oil company from George W Bush years ago. It later went bust (maybe the real reason Soros went after Bush 43 in 2004)

As long as the economic ignorant continue to worship Free Trade, nothing will happen to Soros. Many wish to rip off like Soros


30 posted on 04/05/2013 8:29:21 AM PDT by SeminoleCounty (GOP = Greenlighting Obama's Programs)
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To: tomkat
I've had a chance to stumble onto some things about Soros and his extracurricular activities that support the hatred and revulsion others have expressed for him.

His is the stuff of the end times, paving the way for the final 10.

Just a quick look around shows his hand stirring all the potions that are causing our problems, making it easy for others to connect the dots and claim him to be of the forth small horn that Daniel (7:8) spoke about. The times, too interesting, they are.

Game on.

31 posted on 04/07/2013 7:02:16 AM PDT by GBA (Here in the Matrix, life is but a dream.)
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