Saturday, March 13, 2010

Soros Looking to Attack the Euro?

Rumours are growing that billionaire George Soros is looking to engineer an attack on the Euro, just as he previously engineered attacks on the Thai bhat and the British pound, triggering economic crises in Asia and Britain respectively.

Obviously he sees a vulnerability on the Euro, because of the large debts of Greece, Spain, Portugal, etc. There's a domino chain-reaction waiting to happen, if he can just pull it off.

Soros also seems to be putting more money into gold, presumably as a hedge against wider currency decline.

2 comments:

Arvind said...

Obviously he sees a vulnerability on the Euro, because of the large debts of Greece, Spain, Portugal, etc.


That is not how Soros operates. Soros abuses his proximity with the big powers and uses IMF to force countries to fix their exchange rates and then attacks the currencies. Mahatir Mohammed saw through his fraud and kicked him out of Malaysia. In fact, every single country that gets a "loan" from IMF gets it on the condition that it will fix the currency rate at artificial levels and defend it if it falls.


Soros is also a convicted felon in Europe.

sansk said...

Don't know about George Soros, but having lived in one of the PIGS nation I know this, EURO is destined for a shallow grave. It is backed by nobody, everyone has had a good party at the illusion of implicit backing of Germany and now the hangover is, to the least, is nasty.

Furthermore, the EU economic and fiscal policy are these days what India used to suffer from before RG tried to and later PVNR finally pulled her out of the socialist mess.
The parallel with Greece is strikingly similar...same socialist corrupt dynasty politicians running the nation into ground, large scale tax evasion and government doing all sorts of business.
As, Margrate Thatcher once remarked, the problem with socialism is that they eventually run out of other people's money. EU has just run out of juice. Taxes are already high is UK and Greece (for those who pay it). Balancing the budget is so passe, and politicians are determined to spend the society into bankruptcy (it is called inflating the currency).

The endgame of fiat currency has begun and it is not going to be fun.