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US Recovery Is Far Off, Banks Are 'Basically Insolvent': Soros

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posted on Apr, 6 2009 @ 09:31 PM
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US Recovery Is Far Off, Banks Are 'Basically Insolvent': Soros


www.cnbc.com

The U.S. economy is in for a "lasting slowdown" and could face a Japan-style period of relatively low growth coupled with high inflation, billionaire investor George Soros said on Monday.

Soros, speaking to Reuters Financial Television, also warned that rescuing U.S. banks could turn them into "zombies" that draw the lifeblood of the economy, prolonging the economic slowdown.

(visit the link for the full news article)




posted on Apr, 6 2009 @ 09:31 PM
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i dont know if i hate this guy or just find him creepy and smart... oh well ill hedge my bets and say hes both!!

I just find it ironic after this little twirp who works for the rothchilds who help kill stearling "or as was precived".. helped make HIM and others milllions if not billions in the fall of stearling.. "that btw was the plan"..

I dont like to say HATE alot but this guy makes me vomit.. please read the rest of what this (___) has to say in regards to the USA..

same thing infact he said about the uk befor he made a killing on black monday the #

leave it to you.. soros / me spits @ you mR

www.cnbc.com
(visit the link for the full news article)



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