World on the verge of an economic collapse says Soros

oh wow, what a surprise.

'Oh Look! Nazi-boy Soros is speaking out!'' ''he has authooorityyy... now we must worry!'' Please, get a grip.

Soros is part of the banksters nwo maffia hell bound on creating a new monetary power, a one world central bank.

This entire financial/economic collapse is just an entirely engineered false flag operation, carried out by the money powers.

And they will get it. I see no reason why not. I see a crisis approaching that will stretch way beyond economic disaster. We are facing the possibility of a huge war coming out the middle-east, of course entirely engineered. What else? Fukushima? More natural disasters for sure. I believe that we are in post-glacial-rebound effect. We will see much more natural disasters.

Originally posted by surrealist
I think he has valid points about

valid to whom? him or you?

Only the replacement of Greek debt with a new European bond issued at low interest rates can salvage this mess, although it risks being seen as a free passport to ever greater borrowings. There is no sign of this happening whatsoever.

Sorry Soros, more debt is NOT the answer, regardless of how "low" the interest rates are. Sure Soros and his banker buds are going to be out some money, but it was fake money literally printed out of nothing to begin with.

Taking their orders from the bankers who provide the loans and the corporations which benefit, the politicians are to blame for ever increasing deficit spending. The Greek people have to take a stand. Take a cue from Iceland, tell the bankers and the EU to piss off.

Really??? Who would of thought the world was on the verge of economic colapse!!! jesus you just gotta look outside your front door or watch the evening news to realise this lol

reply to post by surrealist


No # soros, it doesn't take a genius to work out that when Greece defaults others will follow. Greece will end up going bankrupt pulling out of the euro and going back to the drakmar, others will follow suit and the euro will devalue, it will cause investment to move overseas to the east and before long we will all be using new european monies backed by the yuan. Why else would China invest so much in europe?

reply to post by Skerrako


I'm not I own physical silver and gold only.I bet Soros has his money invested some how that he is going to be rich when things go to crap. Probably why he is making this comment he is getting impatient because of all the put options he probably has.

The people need to take back control of the monetary systems
or we're all _______.

there are three separate groups that are being planned to go to europe over the fourth of july weekend, nice european tours for our representatives, compliments of the US taxpayer...I think it was six or seven jets have joined the air force fleet over the past couple of years, just to fly our elected reps all around the world!!!
obviously, our economic crisis isn't as bad as we think it is, nor is the threat of greenhouse gases that great!! or these people would knock off their spending spree and get to work finding a solution here or there!!!
we've got tsa agents assaulting 90 year old cancer patients while our borders are so pourous that an elephant can slip through unnoticed!
we've got our leaders taking joy rides in their nice new jets as they talk about how we soon to be seniors should just give up our social security (for our children's future!!)

WE ARE BEING LIED TO!!!
or they are the dumbest people in america!!
I'd go with the first option!!!
they are lying to us !!!

Um, financial noob here, but what if Greece decided to go back to the Drachma and value it at a rate consistant with the euro (or even higher)?

Sure, the rest of the Euro-pean countries would lose out but not at the rate or severity if Greece kept the euro.

Greece could then "re-set" and their economy would stabilize.

It'd also stop weasels like Soros from selling short on the Euro.

Just a thought. Feel free to poke holes in it, just shooting from the hip here.

Without even reading the OP, allow me to remind everybody that Soros LITERALLY says this every single week. He's been saying it on an almost bi-daily basis for at very least, 9 months straight. With that said, I will continue on to the OP. I'm just frankly getting tired of seeing this thread every other day. No offense, OP. The information is valid and useful. It's just becoming.. well, beyond repetitive at this point.

Cheers,
Strype

reply to post by Strype


No worries strype. But I will tell you what I do with a whole lot of threads that I am sick and tired of reading, I just IGNORE them and move on. That's all you have to do buddy. Don't stress. You have the choice, so easy, a five year old could do it.

There is a plan B. And it's accepting a new French loan that would hold Greece over for a 30 year period.

Anyone agree with the this: one of the main problem with socialism and communism is corruption by those who would have power or those who would refuse to give up power (let's disregard how unsustainable these systems are without machine labor).

Now let's look at freemarket capitalism: The main motivation is profit, and one of man's largest faults is greed. Now, it doesn't take a genius to understand what will happen when a few individuals hold most of the capital and abuse how governments and global organizations interfere with the free market. Capitalism's main fault is that its essentially greed driven and greed is the vice of man. It wasn't a sustainable system. We need something new, I'm not sure what...

Maybe it is time to invest in those machines/infrastructure that grow our crops, produce all of our goods, and provide us with all of our amenities.
Maybe instead of the machines being owned by government or private corporations, every individual person should own a share.

Who knows what will happen, but I can tell you this, as a 20 year old, I couldn't imagine this world working the way it currently does for more than five more years. Something is going to have to give. It's going to be our choice whether or not its for the common good or not.


Let the United Flag of Freemen rise. Let us unite hand in hand and build a better future for every sentient. Our compassion should not be overshadowed by our greed. We have the capability of taking care of everyone....let us at least try...let us at least say that we tried.

reply to post by surrealist


Been trying to tell everyone. Its Oct of this year.

I think there are many plans out but the rules of the game don't allow it.

A new ultra low interest loan could postpone the collapse. A forgiving of debt could help. Anything the money powers decide could be done.

Thing is. They don't want it.

I see the entire economy as a game. It is all based on debt created out of absolutely nothing but thin air. There is NO real capital. Only debt. Capital means savings which there are none of, nowhere in the world. Every nation is deeply in debt to the monetary powers. Our economy runs by debt. Investments, hedge funds, credit default swaps, mortgages, mortgage backed securities and even ''savings'', it is all based on debt! There are no savings at all! And they decide the rules of this game. They decide when they want their money back, how high the interest will be and they can even forgive debt if they feel like it.
In other words, we are their slaves.

It would be great if Greece defaults because it would be a good blow back. A lot of banks will go bust, the euro might collapse. It won't mean an end of the monetary powers, I don't believe that. But it would help Greece escape the draconian austerity measures and try to rebuild their economy with their own currency. (based on debt anyway)
Debt doesn't just disappear. It stays right there and it keeps growing. It is like a cancer. And it needs to be payed off within a certain amount of time.
So only ''capital'' or ''savings'' can pay off debt. But money only comes into existence through loans. So how will Greece pay of their debt? With more debt. I see absolutely no way out of this economic situation. This will continue unless we end this monetary system and restore ''real capitalism'' or move to a resourced based economy which I think is the best of course.

hmmmm ..... easy for him to say. He'll probably be one of the people who help bring about the collapse.

Soros saying the economy will collapse is liike the kettle calling the pot black

Plan B:

Senator John McCain's son was just sent to Guam to fly helicopters for the Navy. China is putting their 1st Aircraft Carrier to sea next month....

The Senator's son will fly his helicopter too close to the Chinese Aircraft carrier, get shot down....then WW3 goes into high gear as everyone jumps in to slaughter the chinese.

That's how it's going to go down.

Of course he said this, as this is what he wants.
He has mass stockpiles of Gold, Silver, Land and control.

The collapse will usher in the NWO.
Duh!!!

Originally posted by Variable


You know what the world really needs is a good plague. Make those that survive MUCH more valuable, redistribute the existing wealth to fewer people. It would force those that survive in to a sustained period of high productivity because of fear of ... well ....it happening again. War may work but, it would too haphazard and destructive - plus, unless it went nuclear or biological, it wouldn't kill enough people. Nuclear is not a good idea because it lays waste to otherwise fertile and productive land. Much better to have a plague.

I vote war.

Centered on the Middle Eastern Islamic countries.

Especially Mecca.

Originally posted by vkturbo

This is a major drama we are seeing before our eyes as every country invests so much into another that when that country fails so does the investor. You have Australia and America keeping China afloat and the UK with their needless buying of cheap crap.

Thats the underlying problem, that right now, just like any unsustainable Ponzi scheme, all we are doing is moving money around trying to pretend that the entire structure is viable, when in fact, its not. Shuffling money from one country to the next will delay the collapse, which wont really occur until people realize, truly, that its all been smoke and mirrors, but it wont solve the underlying problem, which is that the growth our economies have been based on, isnt sustainable. We dont have the resources, ultimately, to allow the consumption we have been enjoying in the west on a global scale.

And, like I said, too much of the worlds wealth has shifted into too few hands. Not that more equitable distribution of wealth would be an ultimate solution to the problem of a pyramid shaped economy, it wouldnt. Sooner or later we would still hit a wall, regardless, unless we let go the model of "grow grow grow" and find another. But, a more even distribution of wealth would allow the game to go on longer.

People can make the terminology as complicated and jargon laced as they want, but the problem is actually simple, and structural. You have too little at the base, supporting to heave a load at the top. You have a lot of people, in number, but those people are economicially weak. They arent making what they need to make to live the lives they want to have, or in some cases, to live really at all. And the whole things depends on a flow of monies from the bottom to the top. When the money stops flowing upward, the game ends, and the fighting begins.

Originally posted by vkturbo
LET THE BANKS FAIL LET THE COUNTRIES FAIL IF WE REMAIN CALM (WHICH I DOUBT) THERE WILL BE NO NEED TO BRING ORDER WITH A ONE WORLD CURRENCY BECAUSE THEN WE ARE SCREWED ONE STEP CLOSER TO ONE GOVERNMENT.

We should have let the banks fail. And we would not have remained calm, but that reset button is going to be hit, and sooner would have been better than later. All America did was take on more debt to save itself and its financial bullies abroad, which only worsened the real problem while buying the rich more time. It really never addressed the underlying problem, which is, globalism itself is a CAUSE of this sort of economic collapse.

Its a little known, (because no one wants to believe it, not because no one noticed it) fact that our first modern foray into globalism ALSO ended in economic collapse. Most economists assumed, because it suited them to, because it allowed them to argue that globalism was workable for the people who paid them, that the nations retreated back into protectionism because they were irrational. When in fact, in this case, the people were acting instinctively and correctly. Nations need to compete. Not become one amorphous generic "labor pool" for corporations to draw labor from. You dont see corporations erasing the boundaries between themselves for some economic free for all, do you? Of course not, that would be ridiculous, and its no less ridiculous when the entities in questions are "corporations" of people and resources, nations, in other words.

"Important" economists simply totally misinterpret what they are seeing both in the last collapse brought on by globalization and this time as well.

www.iie.com...

It would be easier to dismiss all these concerns except for one troublesome fact: We've seen it happen before. As Joe Nye pointed out earlier, we had a similar period of globalization a hundred years ago. The standard understanding, of course, is that this earlier world of globalization-which by many measures was more extensive than today-came crashing down with the advent of World War I followed by the Great Depression. But careful students of that history have informed us that the contemporary backlash a century ago was already significantly rolling back globalization well before the onset of war and depression. Protectionist trade measures-including in the United States but other countries as well-resisted the increasing intrusion of foreign competition. Immigration, which was a huge factor in globalization during that period, began to be resisted, including by earlier generations of immigrants, and began to shut down that element of globalization even before the more traumatic outbreaks in the early part of the 20th century.

And note what he says about the contemporary, (when the speech was given) reaction of the people;

The ultimate paradox is that this backlash against globalization is so severe in the United States even with the excellent economic situation that we are experiencing, as Marty Feldstein laid out yesterday.

That was in May of 2000. Economists saw NO trouble with the economic outlook. At all. In many of their opinions, everything was fanfookintastic. But, just like before the great Depression, the people, the masses, are like the canary in the coalmine, and long before economists in their unreal modeled world noticed anything, the people were already feeling the weight shift on their bottom level of the pyramid. The people werent irrational. Everything wasnt great. It was already starting to come undone, and no one making great money at the top wanted to listen to the cries for help at the bottom.


Profit is privatized, costs and debts are being socialized, (such as in Ireland, and in America, where the cost of extracting resources from the middle east is essentially being paid for by the citizens of America and other "allied" nations, funny how economists and the wealthy dont mind socialism then) and it really doesnt take a genius to figure out that that cannot go on forever. Our leaders arent intelligent enough to save us. They dont know what else to do. A growth economy is what we have been doing for the last 10,000 years, at least. It never WAS sustainable, but the fact that there were unexploited areas to expand into concealed that fact. (But Plato knew it, long ago, and argued for a very different model)

But now there is nowhere left to expand into. And we have already been tapping unrenewable resources for over 100 years, and top that off with the fact that even minor climate change can bring about crop failures which will drive food prices through the roof and we arent looking at a very happy outcome. We are looking not only at global economic collapse, but the real possibility of societal meltdown and the war, famine, and everything else that can easily come with it when large numbers of people cannot feed themselves, and their families.