George Soros: America is Sucking Up Worlds Savings – EoP Converting or WiP Destroying America Will be culmination of My Life’s Work
America, as the center of the globalized financial markets, was sucking up the savings of the world .. [EoP converting; or WiP] Destroying America will be the culmination of my life’s work – [EoP Amended] George Soros aka Gyorgy Schwartz: The Australian
America sucking up worlds savings:
Billionaire investor George Soros predicted on Sunday that the financial crisis would mean the end of a U.S.-led market system that has dominated the global economy with debt and deregulation since the 1980s.
“Globalization, America as the center of the globalized financial markets, was sucking up the savings of the world,” Soros said in a CNN interview.
“This is now over. The game is out. It does mean a very serious adjustment for America,” added Soros, a staunch backer of the Democratic Party.
As world leaders rushed to help banks weather the crisis that has sent stocks into steep decline, Soros blamed the turmoil on the faith in market forces that began under President Ronald Reagan and British Prime Minister Margaret Thatcher a generation ago.
The notion that markets are self-correcting led to a massive expansion of debt financing that culminated in the sub-prime mortgages that epitomized the easy-money mentality at the root of the disaster, he said.
“This belief became the dominant creed. And this, then, led to the globalization of markets, the deregulation of markets and the increased use of leverage and all the financial engineering,” Soros said.
“This whole enormous construct is built on false conceptions,” he added. “You can go a very long way. But in the end, reality rears its ugly head and that’s what happened now.”
Jeffrey Sachs, special adviser to U.N. Secretary-General Ban Ki-moon and director of the Earth Institute at New York’s Columbia University, appeared to agree with Soros.
“The age of Reaganism is over,” Sachs said in a separate CNN interview. “The no-regulation, low-taxes (philosophy) has broken the back of our economy. We now have to get serious about reconstructing normal government that pays its way and a normal financial sector that’s properly regulated.”
Treasury Secretary Henry Paulson’s embrace of the same “market fundamentalist ideology” has made the Bush administration slow to respond to the crisis, said Soros, who blamed Paulson for not saving the Wall Street firm Lehman Brothers from bankruptcy.
“That’s what actually kind of unleashed the current phase of meltdown,” he said.
Soros said U.S. authorities could effectively address the crisis by recapitalizing banks, first with private money, and restructuring home loans to minimize foreclosures.
– Reuters: Soros sees end of US-led globalized market system.
George Soros: [Alleged, couldn’t find original] Destroying America will be culmination of my life’s work: Soros told Australia’s national newspaper “The Australian”: “America, as the centre of the globalised financial markets, was sucking up the savings of the world. “Destroying America will be the culmination of my life’s work.” Soros also told “The Australian” that the world financial crisis was “stimulating” and “in a way, the culmination of my life’s work.” – BeforeItsNews.
George Soros Philosophy Posterity
Open society is sort of a middle ground, which is neither market fundamentalism, nor communism, socialism or nationalism. It is the recognition that all our systems are flawed, all our concepts are flawed and we must aim for improvement. … I would rather be remembered as someone who contributed something to philosophy, than someone who made allot of money. – George Soros, Charlie Rose 1998.
» EoP MC: George Soros; IG: 17-04-07_wiptitaniceconomy-eopwtoption; 17-04-11_gsoros-altright-eopwiprulesfuture; 17-04-15_gsoros-eopvwipwealthtransfer; 17-04-15_gsoros-eopnatsecdefinition; 17-04-28_gsoros-butheleziresponsiblefreedom; 17-05-06_gsoros-zizek-hanson; 17-06-05_gsoros-eopaxis-forpolwipimmigban; 17-06-22_gsoros-eopntegm-sdwipponziecon; 17-08-05_gsoros-drainswampponziecon.
George Soros: WiP Economy Collapse: All Players Must be Regulated
George Soros is worried. He thinks the global economy is coming apart at the seams and that the world needs to be protected from people like George Soros. | We may now think that everything is fine, but the fact is that the system is broke, and it needs fixing. | What you are doing is asking for some form of regulation to protect the world from people like you | Well, I am a player, and I think all players should be regulated. There have to be rules of the game. … Its easier for [the Prime Minister of Malaysia] to blame an outside force, than to admit that they were mismanaging their economy and currency. The French Finance Minister talked about hanging currency speculators from lamp posts. … I am basically there to make money. I cannot and do not look at the social consequences of what I do. | George Soros is a carnivore of the first order | Whats it like to have a statement that you make have such grievious consequences. It looks to me like in a number of different situations you can take a position against a currency, or make a statement and the whole country falls apart. | Its a tremendous sense of responsibility, actually; and its also a humbling experience because I am actually trying to do the right thing, and sometimes something that I do has an unitended negative consequence, as it did in Russia. .. | At the center of George Soros there is an inherent contradiction | Which is | On the one hand you are the capitalist who does not care about the social consequences of his act; and on the other hand you are a philanthropist who cares only about social consequences. How do you resolve the two? | Recognizing that as a competitor I have got to compete to win, as a human being I am concerned about the society in which I live. | Which George Soros am I talking to now? The amoral George Soros, or the moral George Soros? | It is one person who at one time engages in amoral activities and the rest of the time tries to be moral. … | You watched as jews had their property confiscated and were sent to concentration camps and this did not bother you with guilt? | … Well in a funny way its just like in markets, of course I wasn’t doing it, someone else was doing it, and if they weren’t doing it, somebody else would be taking it away anyhow. Whether I was there or not. I was only a spectator. Their property was being taken away. I had no role in taking away their property, so I had no sense of guilt. | President Mandela requested his advice | I told President Mandela, I wrote him a memo on how he could protect South Africa from speculative attack. | Thats the old ‘stop me before I kill again approach right’. You are telling him, this is what you can do to stop me. Whether I or somebody else does whatever is happening in the markets, it really doesn’t make any difference to the outcome. I don’t feel guilty because I am engaged in an amoral activity, which is not meant to have anything to do with guilt. | Part of the reason he is so rich is because the Soros Hedge Funds operate offshore to avoid scrutiny by the Securities Exchange Commission. So even while Soros tells Congress that Hedge Funds must be regulated to stop the global economic crisis, he’s avoiding the rules. Why is it that Americans can’t invest in the Quantum fund, its an offshore fund. | Because the fund is not registered with the Securities and Exchange Commission. So we are not licensed to do business in the United States, because we find it more convenient to operate without it. | So in some ways its to escape regulation. | Thats right | But you have been sitting here talking about the need for regulation. | Yes, and whatever regulations are imposed we will obey. | One of our money managers really told us that George really does think he is God. | If you think that you are God and you go into the financial markets, you are bound to come out broke, so the fact that I am not broke, shows that I don’t believe that I am God. — George Soros, Jim Grant et al; 60 Minutes, 1998.
» EoP MC: George Soros; IG: 17-04-07_wiptitaniceconomy-eopwtoption; 17-04-11_gsoros-altright-eopwiprulesfuture; 17-04-15_gsoros-eopvwipwealthtransfer; 17-04-15_soros-eopntegmru-navalny-12jun; 17-04-15_gsoros-eopnatsecdefinition; 17-04-28_gsoros-butheleziresponsiblefreedom; 17-05-06_gsoros-zizek-hanson; 17-06-05_gsoros-eopaxis-forpolwipimmigban; 17-06-22_gsoros-eopntegm-sdwipponziecon; 17-08-05_gsoros-drainswampponziecon.
Betty Bowers: Donald Trump Bringing Down America
Cass Anaya: Donald Trump Smart Person in Idiot Clothing
“His stupidity is refreshing to the really stupid. Now he’s either really stupid or there is something else more interesting happening. The story is that Trump has fallen in love with his own bullshit. Limbaugh is an idiot in smart people’s clothing. Donald Trump is the opposite. A smart person in idiot clothing.” – Minute History: Donald Trump Theory Pranking us All.
Brad Blanton: Thank God for Donald Trump: Dumbest Fucking Liars of All Time
Thank God for Donald Trump! He is one of the dumbest fucking liars of all time and therefore the potential savior of America and the World! Donald Trump is a hero because he is an incredible fool and even shit -for -brains dumb asses who are almost as ignorant as he is can see what a lying stupid sonofabitch he is. He works at it. And he doesn’t know when to quit and he can’t stop and he can’t be stopped by anyone else or by learning anything new. – Dr. Brad Blanton; Radical Honesty: Secrecy is Lying, Secret Agencies are Bullshit, Diplomats are Liars, and Everyone is Full of Shit.
Elizabeth Spiers: Jared Kushner: Donald Trump Conning Republicans Cause He Thinks they are Stupid
Elizabeth Spiers: 28 May 2017: 20:16 hrs: My response to a right-wing blogger who called me a kook and a loser for stating that Donald Trump is a liar / water is wet: pic.twitter.com/pAp18w2x3W: Elizabeth Spiers: Let me tell you a story, Doug: my opinion about Trump is formed by, among other things, actual real-life interaction the family and having covered the business he’s in, where he was such a notorious liar that a friend of his once said of him, “he’d lie to you about what time of day it is, just for the practice.” And that was a FRIEND. So when I was the editor of the New York Observer and Jared Kushner and I were going back and forth about how the paper should cover him, I told Jared that I was particularly appalled by his father-in-law’s birtherism stance, which I viewed as cynical and racist. He rolled his eyes and said, “he doesn’t really believe it, Elizabeth. He just knows Republicans are stupid and they’ll buy it.” And sadly, he was apparently right. But let’s be clear: he was talking about you, Doug. Trump did not con Democrats; he conned — and is still conning — his base. So you have every right to your gullibility and I won’t try to deprive you of it, but personally, I’d rather know what the hell is going on.”
Yascha Mounk: Europeans Schadenfreude Horrified by Ugly American Trump
Most Europeans are horrified by the president. They cannot stand his ignorance or his bellicosity, his plebeian manners or the constant bragging about his wealth. And yet, for all of their loudly proclaimed indignation, the barely concealed secret is that Trump makes them, well, happy. In representing everything Europeans hate about America, Trump simultaneously confirms everything they want to believe about themselves. After all, Europeans have always looked down on Americans in the manner of a learned uncle who cannot conceal his jealousy at the banker nephew with that hot babe on his arm. In other words, they suffer from what psychologists call an inferiority superiority complex. … On the only metric that really counts at the moment, Europe and America are, sadly, very much alike. – Yascha Mounk: Slate: The Ugliest American: Europeans secretly love Trump for confirming their own sense of superiority.
Rod Dreher/John Burtka: Trump is Symptom of American Character.
As Rod Dreher is wont to say, Trump is not the cause of our present woes, he is a symptom of them—the symptom of something that runs much deeper in the American [lack of ego/eco literacy ] character. – [EoP Amended]; John Burtka; The American Conservative: Face It: Trump is the Man in America’s Mirror.