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Soros says deep recession inevitable, depression possible
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Reuters
November 13, 2008
WASHINGTON (Reuters) – George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:
* Said “a deep recession is now inevitable and the possibility of a depression cannot be ruled out.”
* Said hedge funds were an integral part of the financial market bubble which now has burst.
* Said hedge funds will be “decimated” by the current financial crisis and forced to shrink their portfolios by 50-75 percent.
- A d v e r t i s e m e n t
* Said Fed, Treasury Department and the SEC must accept responsibility to prevent market bubbles from growing too big in future.
Said impossible to prevent market bubbles from forming, but they can be kept within “tolerable bounds.”
* Said financial engineering should be regulated and new products approved by regulators, and that such regulation should be a high priority of the new Obama administration.
* Said a recent IMF credit facility not large enough to stabilize markets.
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November 13th, 2008 at 5:20 pm
I hate this cocksucker.
November 13th, 2008 at 5:45 pm
I hate him also, hes a thorne to Greece also, and he thinks we dont know.
hes behind the OA crap going on amoung other things.
hes days are short, if Greece is still in its state in few months.
trust me, him and the other non-Greek based Greeks, are traitors to Greece, and of course to America.
We are watching him, like hawks resdy to feast on.
HW Spartan.
November 13th, 2008 at 6:27 pm
George Soros and his filthy ilk helped bring this mess about!
Imagine if a man walked into your home, slapped your wife in the face, took the clothes off your kids back, shot your dog, peed on your carpet, took all of your money and valuables, threw all your food in the dumpster and then said to you, “Your standard of living is going to drop.” (And then burns your car as he leaves.)
What a genius he would be!
Currency trading low-lives like this man will have no place once the economy of the Information Age has fully developed.
Click the link below to explore a new inflation-proof currency, new economic format and new social policy.
When we start using an alternative currency, the bankers and their political pawns will have no power over us.
Don’t fight the system:
Replace it
http://socialviability.com/
November 13th, 2008 at 6:32 pm
when Soro’s talks i listen,now go look out your window and look for Communist controlled flying
saucers and look out for the Elvis Presley brainwashing brigade’s
November 13th, 2008 at 6:33 pm
This guy would know what’s going to happen because he’s one of the scumbag elites who have been planning it. It’s time for a revolution, not in 2012, but NOW while there’s still food to give us the strenght to fight.
November 13th, 2008 at 6:42 pm
DonO That was lame!
November 13th, 2008 at 7:38 pm
pickup your arms while you still have trigger fingers, or lay in the street as a tank rolls over your house.
November 13th, 2008 at 7:47 pm
It’s funny really. Obama criticizes the Republicans for “trickle down” economy and says that wealth needs to be shared from the bottom up…If the poor produce wealth, then why does Obama rely on the rich for advise and not the poor??? Hmmmm?
Obamanots voted in this imbecile with the help of Soros and now America will pay a lasting heavy price! We’re seeing it already.
November 13th, 2008 at 8:06 pm
The Globalist Hyena’s agenda…”throughout the world”…has been established for decades!
The “key” for total control or failure of the Elite’s plan…is in the hands of the American people. It is the American people that have at their disposal (not the puppet government) the military weapons capable of quashing the European and Asian Globalists…for all time!
The American people “must” wrest control, from the Globalist controlled Government puppets, the institution of “for the people” Government. Once achieved, measures need to be put in place…so that the citizens of the “United States of America” can never again be “controlled”…by Sub-Human individuals…of the most insidious evil intent!
.
The Sub-Human! (Globalist Hyena’s…the Elite)
The Sub-Human, that biologically seemingly complete similar creation of nature with hands, feet and a kind of brain, with eyes and a mouth, is nevertheless a completely different, dreadful creature. “It” is only a rough copy of a human being, with human-like facial traits but nonetheless morally and mentally lower than any animal. Within this creature there is a fearful chaos of wild, uninhibited passions, nameless destructiveness, the most primitive desires, the nakedest vulgarity!!!
.
What is it that I hear in the wind, that taunts and tares at my soul?
Could it be the sound of all the babies crying
Crying for justice……
For all the love that has been lost by acts of greed, in selfish ego
For all that could of been, that will never be.
Are not good men, guilty of evil?
If they stand by and allow it?
.
Materialism is not the answer…………………………………………… Life is!
.
Who has the power?…who?……of course you do!!!
November 13th, 2008 at 8:14 pm
Another bastard who should be tarred and feathered.
November 13th, 2008 at 8:37 pm
Americans by nature are too coward to launch a revolution (the patriots wanna be are only blah, blah, blah)…the US government is and will be always one step ahead…besides that, people in the United States don’t have a clue of what Martial law is all about (in fact, the Constitution will become a goddamned piece of of paper once the tanks start patrolling the streets of America)…so better accept the NWO, the Amero, the NAU and everything will be OK…GOD BLESS THE NEW WORLD ORDER
November 13th, 2008 at 8:41 pm
Tar and feather the motherf---er.
November 13th, 2008 at 8:41 pm
I em already flat broke! This is my plan. Im giong to start kicking people in the balls then punch them in the face. Maybe that will wake them up! If that does not work then we are trully f---ed!
November 13th, 2008 at 9:20 pm
Of course there is going to be a recession, they are going to ensure that you beg for this NWO and when the depression hits you will soon be on your knees wanting them to fix the very thing that they broke.
Don’t let them get that far!
November 13th, 2008 at 9:54 pm
You could have read this article on your HDTV with http://www.freedomonmytv.com!
November 13th, 2008 at 10:13 pm
Roger.. Achilles Heel ..I read back:
“pickup your arms while you still have trigger fingers, or lay in the street as a tank rolls over your house.”
Uh…Lay off the Cough syrup son…
Six out~
November 13th, 2008 at 10:19 pm
Freedomonmytv.com Says: You could read this article “on your HDTV with”
A THERMITE GRENADE UP YOUR ASS..
Buy a banner ad punk..
November 13th, 2008 at 10:49 pm
I HAVE SWORN UPON THE ALTAR OF GOD ETERNAL HOSTILITY AGAINST EVERY FORM OF TYRANNY OVER THE MIND OF MAN….(THOMAS JEFFERSON)…..
A PATRIOT MUST BE READY TO DEFEND HIS COUNTRY AGAINST HIS GOVERNMENT…… (EDWARD ABBY)
November 13th, 2008 at 11:48 pm
Yes Soros!! Everybody knows that the handwriting on Americas and Europes walls are at hand!! As they are feigning with greedy and evil hearts to rule the world under their luciferic order!! For we will suffer and lose battles; but in the end; they will be in the Great Lake of Fire and Brimstone and those of us who know God and Jesus will be living on the renovated and beautified Earth as kings and queens and princes and princesses!!
November 14th, 2008 at 12:15 am
Traditional sources are unlikely to work because the scam is so HUGE! First off, the US has had the illegal creation of the Federal Resrve for about 95 years–in that span of time the Fed has helped to usher in the IRS (its collection agent), WWI, orchastrated stock market crash of 1929 that it manipulated into happening, the removal of the gold standard in 1933, entry into WWII, entry into the Korean War that many still do not know why we entered, JFK assassination, entry into Viet nam war, on up to the present with other false flag operations such as inside job 911, illegal war on Iraq, Gitmo, Patriot Act that basically nullifies our US Constitution…the illegal $700 billion bailout, ETC. ETC. ETC. Do you recall that on 9-10-2001 Rumsfeld announced that their was some $2.6 TRILLION unaccounted? The following day 9-11, and then a little later on, it was reported Rumsfeld was in error, the more accurate amount of missing $ was $3.4 TRILLION! This was announced with an explaination that we will never be able to know for sure how it was stolen from the US people snce the evidence were located in the Pentagon and Twin Towers, like the ENRON evidence–how convenient. Hmmm. Could such vast amounts of money help to finance a 9-11 false flag operation? We rightly squabble about $700 Billion bailout, but $3.4 TRILLION based on 2001 value is some five times this most recent bailout! The illegal Federal Reserve has capitalized and encouraged every war and false flag operation that it financed into existence with monopoly money that is not based on anything; yet, the Federal Reserve charged interest on such a fiat system and therefore manipulated much of the true wealth and assessts of this country away from WE THE PEOPLE! How many of you have lost a family member or friend in the manufactured wars of the 20th and now 21st century? How many have died. In WWI and WWII it is estimated as much as a 100 MILLION died in those senseless wars. In Vietnam, one million vietnamese died–not counting US deaths. In Iraq, MILLIONS have died since its manipulated war with Iran in the 1980s, and speaking of Iran, now the US (CIA/MOSAD) are encouraging a war with Iran! When will it cease? Who stands to gain by such evil manipulations? Surely WE THE PEOPLE do not gain anything from wars and rumors of wars, so why participate in a game that offers you no true lasting benefits/rewards? Folks, you want change? Then get involved and do what your heart, mind and soul directs you to do to bring about a lasting change to usher in JUSTICE and hopefully PEACE. NUFF SAID–GET INVOLVED! Peace.
November 14th, 2008 at 1:13 am
Hey, Soros! I have passed deep recession. I have passed depression. I am now in deep depression. Stay out of my gunsights.
November 14th, 2008 at 2:05 am
#14 well if you go around kicking people in the balls and punching them in the face, it won’t be long before you won’t have to worry about being broke, at least you’ll get three squares a day, in jail.
November 14th, 2008 at 5:47 am
If we were more like this guy, we would be far better off: http://www.youtube.com/watch?v.....re=related What do you think? Peace.
November 14th, 2008 at 6:32 am
In a Republic, you have natural, God-given rights. The natural rights of minorities are protected by the Bill of Rights from the majority or “mob rule”. In contrast, in a democracy – the majority rules. It is dangerous mob rule. Instead of natural rights, you have civil rights bestowed upon you as a “privilege” granted by the majority. If the majority, on any whim, decides to vote 51%-49% in favor of taking away any of your unalienable rights, so be it. A democracy is a dictatorship of the majority of uninformed people.
A Republic has a solid foundation called the constitution. The constitution is a document that has inspired people from all over the world. A democracy is based on the feelings of the majority of dumb-downed people that are controlled by the mainstream media, politicians or corrupt religious leaders.
November 14th, 2008 at 7:47 am
THE USA IS A CONSTITUTIONAL REPUBLIC……………………..NOT A DEMOCRACY…………………GET THAT STRAIGHT………………………………………………
November 14th, 2008 at 9:28 am
Soros wants to rule us.
November 14th, 2008 at 10:09 am
AUSSIE YOUR THE BEST
November 14th, 2008 at 11:07 am
Since we have Deer season in the USA….when will it be banker season? I think We should implement that very soon
November 14th, 2008 at 11:34 am
#30 I think your right. we haven’t played cowboys and bankers yet have we. Let me get my boots on.
November 14th, 2008 at 11:38 am
Soros has enough money to “meddle” with societies for a profit. That is his interest.. using GVTs to manipulate people for profit.. his profit as much as possble.
November 14th, 2008 at 11:45 am
This man was banned from a country for single-handedly ruining their economy. The sign under that big statue doesn’t say “give us your greedy and corrupt”.
November 14th, 2008 at 2:52 pm
The men being interviewed by the press are the very ones that should be strung out on the White House lawn as enemies of the state. I wish I could escape from this alternate universe.
November 14th, 2008 at 4:37 pm
this guy is the f---stick that purposely manipulated this
crisis and bankrolled the obama campaign
that gives you an idea whats in store for us
November 14th, 2008 at 6:27 pm
Great man!
November 15th, 2008 at 1:26 am
LOOK, the gold hasn’t left this earth, as far as I know. If a revolution comes, the first thing to do is to confiscate the goods they (bankers and Co.) have taken from the people. No person(s) can call anything his/her own if he/she has obtained the goods in question through fraudulent means (GAMING THE SYSTEM, CRONISM, ETC)
THE PEOPLE SHALL GET BACK WHAT IS THEIRS IN DUE TIME.
LAST TIME THAT A DEPRESSION TOOK PLACE, PEOPLE DIDN’T KNOW WHO TO BLAME AND WHERE TO GO FOR THEIR MONEY. THIS TIME AROUND THE PEOPLE KNOW THAT IT IS THE BANKERS THEY CAN RIGHTLY BLAME, AND IT IS TO THEM THAT THE PEOPLE SHOULD GO FOR THEIR MONEY.
IN THE END, WE ALL ARE GOING TO BE ABLE TO SAY THAT THEY (BANKERS) CREATED THEIR OWN DEMISE; THEY OVERMILKED THE COW!!!!
November 15th, 2008 at 3:48 pm
Fear is weakness, as is all negative emotions.
These people are here to sow negative emotions in the populace. Its all black magick at a large scale. The more people thinking the more negative emotions, the more negativity it creates. Be aware, be strong, have hope, love thy neighbor, and work together and we’ll overcome. Don’t give in!
November 16th, 2008 at 9:37 pm
I CAN’T WAIT TO GET THESE INSANE MORONS all in slave camps they caused all the problems top RECKERS!!!!!!!!!!!!
November 17th, 2008 at 9:19 am
Arlo, thank you – you’re not wasting your time – Im checking it right now
cheers
November 18th, 2008 at 11:54 pm
You people are insane. Do you know that? You’re the one’s who scare me. Can’t you all just go find something that makes you happy and get along with everyone else? Life is good. Enjoy it.
January 28th, 2009 at 11:50 pm
“Trust no one”, you right and not just partially, since the real positive emotions lead to real ideas [with no addiction to these same ideas, using it not being used by it] and actions to make the goal real.
Related to Soros, for me the curiosity is that although he have warn the people about the flaws of believing or following blindly this system or any kind of system since 1980’s, not just trying never fight the present one frontally but using it, on the same time some neocon media have named him loud as possible as “the main filthy/traitor/guilty” “the man who broke the bank of england” [well, it would be very interesting see a individual break the FED] but notice modestly his losses.
“My father save us [his family] and other people [from holocaust] …conscious and repeatedly disobeying all authorities and circumvent those [inequitable] laws.” G.Soros