SOROS: "Im having a very good crisis"

swpa19 · 03-26-2009, 08:24

Quote:

A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.

http://www.dailymail.co.uk/news/worl...recession.html

Got to wonder just where were headed?

**The Reaper** · 03-26-2009, 09:15

And he made a killing. Greed is good, for Mr. Soros.

Nothing like profiting from the sorrow of others and enjoying it.

OTOH, in his utopian socialist state that he would like to create for us, via his proxies, President Obama, Speaker Pelosi, and Majority Leader Reid, he would be forced to redistribute almost all of his ill-gotten gains to others who were less fortunate. Fair is fair, right?

TANJ.

TR

**Team Sergeant** · 03-26-2009, 09:39

Mr. Soros should go and wash his mouth out with a .38

rubberneck · 03-26-2009, 14:01

Soros has the morality of an alley cat. The man was convicted of a felony for his involvement in an insider trading case in France. He lucked out because in France the punishment for insider trading was disgorgement of profits. If he had been convicted here in the states he would have been sent to prison for 10 years like Michael Milken. He also was involved in manipulating the currency market to the point that the British pound had to be devalued and made himself a tidy $1 billion for his efforts. There is nothing that man won't do (legal or illegal) to make a buck. If people are looking for a real wall street villain I can't think of a bigger one than Soros.

TOMAHAWK9521 · 03-26-2009, 17:15

Perhaps nmap could enlighten me further, but as I understand it, the major brokerages and trading houses had an agreement to start back up after 9/11 right where they left off when the markets reopened so no one would be caught short and lose their ass. Soros chose to help himself and added insult to injury by selling off several of his stocks, thereby making millions and further damaging the market.

Since this f*ckstain is also the primary bagman for all the major entities on the left, I'll lengthen the tip of my tin-foil cap and go out on a limb to ask if he hasn't been the predominant force behind this whole economic disaster we are dealing with. If that is true, then he as every reason to be happy since he's making money like clockwork.

nmap · 03-26-2009, 19:36

Sir, Soros is an almost legendary figure in some ways. The run on the Bank of England established his reputation as both a highly successful speculator and a ruthless manipulator. Almost anything about him smacks of tinfoil. I cannot add anything to what you have said about his involvement with the post-911 problems, but I would expect precisely that behavior from him.

At the risk of a substantial digression, and possible wholesale lots of tinfoil, an intriguing question remains about large put option positions acquired by someone (no one knows who) before 9/11. More HERE. I am not suggesting Mr. Soros was involved, nor do I represent the site at the link to be of high quality - but the facts presented are as I recall them. Someone had a strong idea before the fact that 9/11 would happen...and the SEC never followed up the investigation, or at least never released the information.

When it comes to current events, I would not be at all surprised if Mr. Soros is involved. Not only do bear markets make profits more rapidly than bull markets (if one is on the right side), but Mr. Soros is a proponent of globalization. In fact, the advertising the publisher includes on his book says so at Amazon. LINK. We've discussed the possible loss of reserve status by the dollar - not only is that a potentially very profitable trade, but it could begin the process of destroying national sovereignty.

I cannot improve on Team Sergeant's sentiment.

TrapLine · 03-26-2009, 19:51

Thankfully I was drinking a beer and reading this thread while traveling and staying at the Double Tree. After reading TS's post, the keyboard may or may not survive. I really can't think of many people I have more disdain for than George Soros. He has made a pile of money on the system he has attacked for years. I guess it is ok for him and his cronies to live the high life as long as the rest of us are left as peasants. Sorry for the rant.

nmap · 03-27-2009, 17:51

Along this line, the attached Dow Theory letter includes the following:

Russell comment -- I think the fall of the dollar as the world's reserve currency is inevitable; it's just a matter of time. China, Russia and most of Europe bristles at the thought of the US as the perpetual world leader. The US is a massive military power, no nation would dare oppose the US militarily. However, as I've said repeatedly, the Achilles' Heel of the US is its dollar, and the powers that oppose the US know it. If the US loses its reserve status, that would mean that we couldn't print the money our debt is denominated in. It would also mean that our creditors would no longer hoard dollars as a safe haven or as a store of value.

Taking away the reserve status of the US dollar would be one way to weaken the US. I think it's only a matter of time until it happens. If it happens, it will happen through the United Nations by "order" of the world.

Worthy, perhaps, of reflection.

frostfire · 03-29-2009, 10:49

First a disclaimer, I fully agree with TS' take on the issue. In the 90's, Soros decimated nearly all Asian countries economy. I and my family felt the impact first hand.

Having said that, where do we draw the line? Please correct my understanding if it's flawed, but isn't Soros just following the principle of capitalism as discussed here: http://professionalsoldiers.com/foru...ad.php?t=22489

Does capitalism simply enable him to do what he does. Then is it our fault to let him pulled the stunts he did, but what could an average joe really do within ethical and legal boundaries? Capitalism is the necessary evil...and Soros the manifestation of it?