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  1. #1 Soros Sees no Bottom for World Financial Collapse 
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    Soros Sees no Bottom for World Financial Collapse

    "Now we Have Paul Volcker singing the Soros song.Volcker is a member of the rich Old Money club And Soros is trying to cause a panic run on the dollar ."



    "Soros has gone 'long on the Euro' Against the dollar and is trying to cause a sell off of the dollar and buy up that position . "He has done the same thing against the English Pound Sterling and the Thai Bath !"
    FOREX Rates USD - EUR 0.77950 0.00000 /current rate .


    - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

    Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet UnionHe said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.

    "We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.

    Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain."I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.

    http://www.reuters.com/article/busin...90221?feedType

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  2. #2  
    CU's Tallest Midget! PoliCon's Avatar
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    Soros wants to collapse our economy. He wants the power it would bring to him and his ilk. :mad:
    Stand up for what is right, even if you have to stand alone.
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  3. #3  
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    Obama has some great advisors.:mad: An anti-American socialist like Soris who would sell his soul for a buck and a worn out senile dumb ass like Volker who almost put us in a depression during the Carter Administration. We are in a world of hurt!
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  4. #4  
    CU's Tallest Midget! PoliCon's Avatar
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    Quote Originally Posted by lacarnut View Post
    Obama has some great advisors.:mad: An anti-American socialist like Soris who would sell his soul for a buck and a worn out senile dumb ass like Volker who almost put us in a depression during the Carter Administration. We are in a world of hurt!
    They want that to happen though. It's the best way for them to expand their control and power. :mad:
    Stand up for what is right, even if you have to stand alone.
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  5. #5  
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    First of all, it's the Thai BHAT not "Bath". Second of all the dollar has been STRENGTHENING during this crisis. A year ago, the pound was a something like a 25 year high against the dollar (about $2.10=1)...today, there's just $1.44 per . Same thing with the Euro, last July it reached its highest ever exchange rate with the dollar at ($1.59=1)...it is now down to just $1.26=1.
    "Because we're a great nation, our challenges seem complex; it will always be this way. But as long as we remember our first principals and believe in ourselves, the future will always be ours." -Reagan
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    eeeevil Sith Admin SarasotaRepub's Avatar
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    Ya have to love the Doom & Gloomers. :D

    If you a responsible American you are going to get through these tough times just fine.
    This country was built by solid people and it will survive. It will do more than survive, it will continue to prosper.

    Bumps along the way are to be expected.
    May the FORCE be with you!
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    Quote Originally Posted by SarasotaRepub View Post
    Ya have to love the Doom & Gloomers. :D

    If you a responsible American you are going to get through these tough times just fine.
    This country was built by solid people and it will survive. It will do more than survive, it will continue to prosper.

    Bumps along the way are to be expected.
    I hope your are right. However, with the election of 8 Ball, him and his amateurish adminstration have dashed a lot of folks confidence. Just hoping that those bumps don't become boulders.
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  8. #8  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Quote Originally Posted by lacarnut View Post
    I hope your are right. However, with the election of 8 Ball, him and his amateurish adminstration have dashed a lot of folks confidence. Just hoping that those bumps don't become boulders.
    Well...that's what AR's and plenty of ammo are for.;)
    May the FORCE be with you!
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  9. #9  
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    Quote Originally Posted by SarasotaRepub View Post
    Well...that's what AR's and plenty of ammo are for.;)
    Have you taught your better half how to fire it?:)
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  10. #10  
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    Quote Originally Posted by lacarnut View Post
    Have you taught your better half how to fire it?:)
    Haven't fired a gun since Florida. We need to find a local range and practice. Can't depend on those cowardly but loving greyhounds for protection. Well, in a way I can. If anyone tried to harm them, I'd get in a rage and go on the defense. :D
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