World Renowned Investor George Soros 2/20/09 - "I see no bottom for world financial collapse"

Thats a good point drive the market down until you can increase your wealth 10 fold good plan...

I guess we can time stamp this and see in 5 years how much and whom would benefit most in creating and perpetuating a panic...

Hey if my only purpose in life was to make myself wealthy. I would promote this to.

Some people can just never have enough money.

Look at the news. The billion dollar scams. Hey a couple of million would have worked for most of us. But no!! they needed to scam Billions of dollars. They had no shred of feelings for the people whos money they stole. Money is like a drug to them. They dont care whose life they ruin. Its the greed ego to the Nth degree. Most of us couldnt even relate to that way of thinking. ugh ok i am done with this

I am just asking you to think about it.....

[edit on 21-2-2009 by ranhome]

[edit on 21-2-2009 by ranhome]

[edit on 21-2-2009 by ranhome]

reply to post by Logarock


logarock....just re-read your post....still chewing on it, but so far, quite meaty, indeed.

Here's a shout-out to the ATS people, all smart and accomplished....any ideas as to a solution to this economic mess???

THIS is the place....we just need to get George Soros to look, and pay attention....anong wiht about a couple dozen OTHER Billioniares.....

EDIT.....radical idea, but since I may have somebody's attention.....

IS CAPITALISM DEAD?

I don't mean Democracy, when I ask that!!!

IS THERE a way for democracy, and all the good bits survive, without a capitalistic money system???

maybe this needs a thread of its own.....someone can do it.....

[edit on 2/21/0909 by weedwhacker]

reply to post by ranhome


ranhome, you almost beat me to it....

expressing an opinion is difficult, on a forum.....but we ARE trying!!!

reply to post by weedwhacker




I believe the same people who crashed the markets during the Great Depression and mopped up by buying everything in sight are the same names who are doing the same thing again this time around.

The first names may change, but the last names stay the same. Morgan, Rothschild, Rockafeller, Warburgh and Soros can probably be put into the mix as well. Crash the economy, create mass fear and hysteria, buy up all of the competition and all of the equitable assets and make unspeakable amounts of money.

This insures that the same people who have held on to power and run things for the last 100 years are guaranteed to do so for the next 100 as well. Keep the masses hungry, desperate and just above ruined and you have yourself an entire populous of sheep all too eager to be fleeced.

Who wants to bet that once these crooks have made their money and had their fun, when all returns to "normal" again, there will be people lining up by the millions to accept all too eagerly more credit and more inflated debt in spite of the hard lessons being dealt out today. Mankind is a predictible beast if nothing else.

reply to post by BlackOps719


You forgot to include a few other names.....Bush, Clinton....etc, etc.

Maybe others I've missed????

Don't want to impugn unnessecarily......

Originally posted by weedwhacker
reply to post by Logarock

 

Here's a shout-out to the ATS people, all smart and accomplished....any ideas as to a solution to this economic mess???

THIS is the place....we just need to get George Soros to look, and pay attention....anong wiht about a couple dozen OTHER Billioniares.....


[edit on 2/21/0909 by weedwhacker]

Lets say you have 100$ and loan out 20$ to 5 people to get their production off the ground.

So once they get set up they low ball you right out of business. Then they start loaning you money to buy their goods.

Anyway on down the road you look back and loath the day you ever loaned them anything.

To me this cycle or whatever goes beyond capitalism. Its foolish to give up advantage once you have it and count on the better natures of others to look out for you like you looked out for them.

The shifting sands of power over the course mans history have had to do with the weakening of other nations one way or another and the stronger filling the void. Be it by better weapons, more gold, economic warfare, philosophic wars ect.

So how do you beat a nation thats stronger than you militarily? Got to start undermining their strength somehow. Get them to a point where they cant use their weapons if you can, undermine their power worldwide, get them IN DEBT to you, dependent. The little elves tied down the sleeping giant.

reply to post by Logarock


Brilliant.....you just tore down Capitalism, at the same time you tried to prop it up....I think.....


Well, we've seen Communism fail, we know that Socialism may fail, Capitalism is teetering on thin legs.....

Is a money-based idea of a society doomed to fail??

What else is there????


[edit on 2/21/0909 by weedwhacker]

[edit on 2/21/0909 by weedwhacker]

Would you really trust what Soros states at face value?

Beware, be very aware when a man like this, who is happy to bring down a nations currency for his own benefit, says anything which may influence the actions of people of ordinary stature.

reply to post by Nineteen


Nineteen.....it implies that Soros, and his ilk, are 'selling short', if they're investing in currencies, around the World....is THAT your point???

Or selling 'long', depending....but, essentially...manipulating all along the way???

If so....clap 'em in irons and throw away the keys, and the hacksaws!!!!

the idea were going to continue with this economic blunder is pretty much confirmed from every angle. Were not going to pull out of this anytime soon. all the dominoes are falling and theres really nothing theres to stop them and they sure as hell aren't going to stop on their own.

at this point think of it as a sumo match, but with each country as a wrestler. were all on the outside edge falling. we just want to be the last ones to fall at this point.

the first countries to fall are the weaker ones and they will just be swallowed by the larger still standing economies. They will be basically kept alive with the support of other countries. Or bought out and being held as a separate entity of the country's (banks) who are keeping them alive and funded.

the last ones to fall will have the win. they will have an open road to pave their new economic structure.

They will have more power over the economies that fell before them. This is in all essence an economic world war going on. Were forming economic allies, economic enemies, and forming economic weapons to be the last ones standing.

If we know were going to fall, we might as well try to be the last ones to fall. So we can have the best chance to start again. Because the last one to fall has the least to fall. thats the way i ultimately see us heading in a worst case scenario.

reply to post by weedwhacker


Soros almost collapsed the UK pound and walked away with billions if my memory serves me right. Yes he used currency trading then.

reply to post by ghostlandseller


Think IMF and then what do you have?

Soros is a also a speculator/investor, his financial conglomerate manages several funds and hedge funds world wide. Who says this man isnt shorting some part of the markets right now and is making more money as the markets decline further, if that is the case, of course he would use his influence and person to put some more stress and pressure on the financial system. Derivatives, Buffet said so and now Soros, they call derivatives weapons of mass destruction. Its probably the next bubble to burst, CDOs for example.


[edit on 2009/2/21 by reugen]

Originally posted by weedwhacker
reply to post by Logarock

 

Brilliant.....you just tore down Capitalism, at the same time you tried to prop it up....I think.....


Well, we've seen Communism fail, we know that Socialism may fail, Capitalism is teetering on thin legs.....

Is a money-based idea of a society doomed to fail??

What else is there????


[edit on 2/21/0909 by weedwhacker]

[edit on 2/21/0909 by weedwhacker]

I am sort of saying that its all a larger "ism" with different definitions depending on how many or who profits from it.

We entered into an economic union of sorts with China for many reasons and now they own our debt and wont loan us anymore money. The helper now becomes the helped. China are ultimate capitalists that got us to buy in with then in exchange for them backing off there world wide communist agenda.

They did this by selling trinkets and household junk mostly.

We helped give birth to a new China nationalism and economic power. Our press still tells us they are an "emerging" nation but its WAY WAY beyond that now.

China is arguably the worlds military and economic superpower. But they still show us straw hats, rickshaws, and rice.

All the people buried with their head in the sand, are going to pull it out one day and be shocked and unprepared for the future.

I have been trying to get all the people I know - prepared about this, and it is frustrating, because only one person has actually listened and taken care of what they need to.

It is coming down and it has been slow burn since Sept. but I don't see it being very slow anymore, somethings will probably start happening faster.

What until the civil unrest happens, due to those who "think" everything is still going to get better magically.

Why are we so concerned about things? those that are in control, wish to maintain power and money by staying in control, we are the ones that allow it by letting the situation continue.
Give a man a fish and you feed him for a day , give a man a rod line and hook and he feeds his family for ever. He now does not rely on the system.
We can chase the system with all its worries and pressures, is that what we want? If you have all the basics and are happy (fairly), then things don,t seem so bad after all, or you could always want more and become a slave once again to the system.

the only way i see his opinion ciming to pass is if the current
System of Finance is kept alive...

the central bank model, or Federal Reserve counter part in the USA,
are given the authority to 'manage' economies...
as long as usury interest is compounded to make one pay 3-5x
the original value of a product...
as long as fractional reserve banking is practiced and the 'reserves'
are figments of accounting magic...

then Yes... its a bottomless vortex. with all manner of fiat wealth,
then resources, commodities, then flesh & blood...thrown into the
black-hole of mammon & greed

Originally posted by BlackOps719
When the money men like Soros are stepping out publically and ...

Sorry but I don't believe anything he says. Soros has been spending his billions for years on trying to buy elections for the left. Anything he says has is suspect. He has bias and agenda. What he says may be true or it may not be. Unfortunately his actions and agenda cloud anything he says. His statements could easily have poltiical motive somehow. He is untrustworthy.

There is a bottom, a solution.

The UN Economic Council proposal, the brainchild of Germany, is now supported by Britain and French - China and Russia support the proposal too.

Under this Council, the IMF and World Bank would come under United Nations control. If you borrow finance from either institution, the World Bank or IMF gain influence over your economy (depending on the amount borrowed.) In other words, the United Nations gains more influence and the ability to weaken sovereignty if it provides financial assistant.

The collapse of capitalism, as stated by H.G Wells in The shape of things to come, will result in a world government lead by a benevolent dictatorship.

World government is inevitable.

reply to post by infinite


And with that benevolent dictatorship we will see pigs sprout wings, the unicorns will graze on the pastures of Atlantis and sweet mana will fall from the heavens.

Who do you think you are fooling? This crisis will not be solved by the people who essentially engineered it. If anything your post is an endgame, a desired outcome for the parasites that have steered the world economy onto the rocks so that they are the only ones left to pick up the pieces.

Some people would rather rule a molehill than be citizens of a prosperous world.

The solution, understood as an optimal solution for all mankind and not as a 18th century survival of the fittest elitist mindset, is to let the system evolve, let the too big to fails fail, let people take control of their wealth and their minds, decentralize and get some sort of real currency going locally. Then people will prosper. Centralization of power has brought nothing but strife for humanity, as it's being led my malthusian and maciavellian philosophies and a bunch of psychpathocrats (see links in my signature).

You can't cure a bruise with a hammer, you just get a bigger bruise.