George Soros: Euro may collapse.

[freshjiva]

http://finance.yahoo.com/news/Soros-says-Germany-could-rb-896390694.html?x=0&sec=topStories&pos=4&asset=&ccode=

Welcome to collectivism, folks! Now we see what Ayn Rand was talking about 60 years ago and Ron Paul for the past 30 years...

National sovereignty, free markets, competing currencies, gold/silver as legal tender, market-determined interest rates, no central bank discount window, commodities-backed sound money....

HOW MANY TIMES ARE RON PAUL, PETER SCHIFF, JUDGE NAPOLITANO, TOM WOODS, LEW ROCKWELL AND OTHERS GOING TO HAVE TO EXPLAIN TO PEOPLE THESE SOUND IDEAS?

Unfortunately, I think the answer to that question will be "Until its too late."

[Krugerrand]

I don't trust anything George Soros says. He has the means to manipulate currencies for his own personal profit. Take a look at what he's saying:


BERLIN (Reuters) - Germany's budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.

"German policy is a danger for Europe, it could destroy the European project," he told German weekly Die Zeit.

Soros, who earned $1 billion in 1992 by betting against the British pound, added that he "could not rule out a collapse of the euro."

"If the Germans don't change their policy, their exit from the currency union would be helpful for the rest of Europe," he said.

Chancellor AngelaMerkel unveiled plans earlier this month for 80 billion euros ($107 billion) in budget cuts over the next four years -- a package she hopes will bring Germany's structural deficit within European Union limits by 2013.

"Right now the Germans are dragging their neighbors into deflation, which threatens a long phase of stagnation. And that leads to nationalism, social unrest and xenophobia. Democracy itself could be at risk," he said.

"Germany is globally isolated ... Why don't they let their salaries rise? That would help other EU states to pick up."

Merkel on Monday defended her budget cut plans after U.S. President Barack Obama preached patience in clamping down on public spending. A German government official said on Tuesday Berlin did not expect to come under pressure at a G20 summit in Toronto this weekend to provide fresh stimulus measures.

He's arguing that Germany needs to stick with the mantra of inflation and reckless spending. He'd rather them artificially raise their wages so that their workers are less competitive throughout Europe.

[specsaregood]

I don't trust anything George Soros says. He has the means to manipulate currencies for his own personal profit. Take a look at what he's saying:

He's arguing that Germany needs to stick with the mantra of inflation and reckless spending. He'd rather them artificially raise their wages so that their workers are less competitive throughout Europe.

Your highlighting really does show what is up. Germany is working to keep from destroying the EU and euro and Soros doesn't like it.

[Krugerrand]

Some say Soros is orchestrating the euro's collapse:
YouTube - Soros crashing EURO; Greece fall, US falls; Spain's PM admits conspiracy: Tarpley (http://www.youtube.com/watch?v=7o05t-cwsOc)

[catdd]

Well at least they are beginning to realize that Keynesian economics is a bust; problem is that they may have waited too long.
How long are we going to wait here while talking heads still try insulting the idea of competing currencies? Until the country is in complete chaos?
Everyone has to see by now that you can't spend your way out of debt. It was a terrible idea just as the Austrian economists said.

[Noob]

I wonder how a Civil war would play out there in the E.U.