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Soros on Recent EU Developments: Absolutely Not Enough

Sep. 14, 2012 6:52am Becket Adams

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Billionaire currency speculator, philanthropist, and liberal activist George Soros appeared on Bloomberg TV Thursday morning to discuss the financial crisis in Spain and what steps, he thinks, the European Union should take going forward.

“I think it’s impossible for Spain to ask for a full-fledged program,” he said, referring to the idea of bailing out the ailing euro country. “So it will be some kind of an extended … in-between phase, which would allow something like $100 billion to be advanced (up to $100B) and that would be sufficient.”

“So that will be, I think, the solution,” he added.

And on the subject of the eurozone as a whole, Soros doesn’t think the steps taken have been drastic enough especially in regards to the EU’s banking union.

“The measures taken have at least bought time and it is during that time some further impetus is given. Very important is the banking union because if you create a European banking system, then disparity would be greatly relieved,” Said Soros.

“So, these are very positive developments but they’re not enough. Absolutely not enough to turn the situation around because we are on the verge — or already in — a deflationary debt trap,” he added

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Comments (24)

justanillusion
Posted on September 24, 2012 at 6:10pm
I knew back in July ( I think it was) when Jamie announced those huge losses at JP Morgan, there would be another bailout in the works. This amounts to more worthless securities being transferred to the American taxpayers, and real money (if you can call it that) going to the big banks and wealthy elite to buy gold with. They know the demise of the dollar is coming. I truly believe the average American citizen has no clue of what is coming our way…so sad

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EvertB
Posted on September 24, 2012 at 6:04pm
The whole point is that a majority of Europeans do *not* want more bailouts or a banking union.
Like the US, Europe is being governed by a government which does not represent the peoples wishes.
Each EU member states sovereignty has been taken away through such mechanisms as the Lisbon Treaty and the ESM. These are anti-democratic state bodies that nobody got to vote for (or against) and which are non-accountable to the tax payers whose money funds them.
Rather than a divide between the US & EU we need a unity between global citizens to remove these corrupt power brokers.

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Commerce Exchange
Posted on September 20, 2012 at 1:12pm
The Eu needs a fundamental change, a migration to more entrepreneurship and less govt. intervention, less taxes and less social programs.
One point of Data we are analyzing is the amount of the declines due to non sufficient funds from European based cards, numbers are rising in over 15% of declines for the Bloc, Portugal, greece and spain are in the high 20′s so just something to wonder on the little guy pocket. source : http://www.gpndata.com

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MCDAVE
Posted on September 14, 2012 at 5:08pm
anything this guy says is a lie

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- Blazergirl
  Posted on September 14, 2012 at 9:41pm
  No worry, God has a very very special place for Mr. Soros:)
  
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Jenasus
Posted on September 14, 2012 at 4:21pm
George Soros how long will it take the dollar to crash now that Bernanke is throwing more fuel on the fire to destroy the value of the dollar?
Will the Euro and Dollar crash on or before 12/21/2012 as the Illuminati have planned so the world will convert to a one world currency followed by a one world government. The New World Order.

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Knew2U
Posted on September 14, 2012 at 3:17pm
We all have to keep working so this “Elite” Bastard and those like him can make ends meet!!! They are all in it together..The Dems and Repubs are just to keep Americans divided so we will never unite against them…Oathkeepers.com is a great site to start with..before we are all fighting each other we need to unite against the real enemies of freedom, the Constitution and America!! WAKE UP NOW!!!!

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PurrrpleMtnMajesty
Posted on September 14, 2012 at 2:25pm
And THIS is the man who owns the company that will be counting our VOTES in November?
If that is in fact true (heard it here I believe)……what can we do about it.
IF that is true, there iS only one party, and you know what that means, folks.
We are now socialists.

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nothinghere
Posted on September 14, 2012 at 11:15am
soros is very good at spotting troubled countries and their currencies,hes made billions from it,why do you think hes so involved in the socialist agenda of the american left,he makes more money on countries that fail,as the ones that don’t.

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- 1TrueOne55
  Posted on September 14, 2012 at 12:47pm
  Well he is pushing his hidden agenda to rule the finances of all the world’s countries. He is the real life Gold Finger or what ever other financial anti-hero in the 007 Universe. He is the one that got Obama elected by creating the financial crisis of 07-08. He has CEO’s in companies that have a large influence on the American and even the world’s economy.
  
  He has this ideological vision of a New World Order based on a philosophy of an “Open Society”. The same words used by G.H.W. Bush when fighting Iraqi forces in Kuwait. Soros has been using that phrase since he has designed the destruction of the U.S. Economy in the 90′s even for the last twelve years. He is trying to slowly decline our GDP to the point of the rest of the world, near zero.
  
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historyguy48
Posted on September 14, 2012 at 8:22am
Like America, print more worthless paper currency, hold your nose and hope the peon’s buy it.

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- MikeRestin
  Posted on September 14, 2012 at 9:25am
  Why would we trust or listen to George? He has a vested interest. As the world prints more useless money his gold and other holdings skyrocket in value.
  And the press prints his every word like he wants to help people. Yeah, help them to be slaves to his money cause ours is worthless. I don’t trust him.
  mr
  
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- PIGSWILLNEVERFLY
  Posted on September 14, 2012 at 1:09pm
  “The Man Who Sold the World” written by David Bowie and re-released by Nirvana
  
  “We passed upon the stair, we spoke of was and when
  Although I wasn’t there, he said he was my friend
  Which came as some surprise I spoke into his eyes
  I thought you died,, a long long time ago
  
  Oh no not me
  I never lost control
  You’re face to face
  With The Man Who Sold the World
  
  I laughed and shook his hand, and made my
  way back home
  I searched for form and land, for years
  and years I roamed
  I gazed a gazely stare at all the millions here
  We must have died alone a long long time ago
  
  Who knows? Not me
  We never lost control
  You’re face to face
  With the Man Who Sold the World
  
  Actually, i think the man who sold the world was “adam” in the garden, but George Soros is fits into this song alright!
  
  Report this comment
jackact
Posted on September 14, 2012 at 8:00am
…Deflationary debt?
Soros ponders the obscenity of his own hubris.
Who do you think is the ‘vulture’ hedging all bets on the collapse of the Eurpoean and American economy’s?
When the oil rich economiy of Brazil emerges unscathed as America’s own vast energy resources remain untapped, who do you think benefits?

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- jackact
  Posted on September 14, 2012 at 9:38am
  When will America re-institute the concept and enforcement of treason?
  Treasonous acts against The United States of America, acts of financial sabotage included, used to carry the ultimate penalty, death.
  We have strayed far from this needed protection and our constitution and citizenry demand our guaranteed protections from the likes of Soros and his ilk.
  
  Report this comment
dadsrootbeer
Posted on September 14, 2012 at 7:47am
So Soros, who makes his money off the destruction of people and countries going all the back to working for Hiltler against his fellow Jew now is describing more of the same. No wonder he supports the progressive party and is such a good fit for them.

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Snowleopard {gallery of cat folks}
Posted on September 14, 2012 at 7:20am
So Soros is emerging again with one of his usual ‘accurate’ warnings of doom and gloom at hand; due to the fact he has for the most part, engineered it from the beginning.

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watersRpeople
Posted on September 14, 2012 at 7:19am
Germany would have a lot of money if they confiscated Soros’ money.

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- PIGSWILLNEVERFLY
  Posted on September 14, 2012 at 12:52pm
  Isn’t there enough on this creep to lock him up somewhere or do we have to wait for the gates of hell to open up completely?
  
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Searchingforthelight
Posted on September 14, 2012 at 7:18am
Trickle up economy. From the United States tax payers pockets to the world Governments. Global Governance.

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- Searchingforthelight
  Posted on September 14, 2012 at 7:19am
  But this is what everyone voted for, right?
  
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- floridareader
  Posted on September 14, 2012 at 9:08am
  The black prophet said: “we are five days away from fundamentally transform the United States of America”, and all those zombie-like adorers reply in ecstasy “YEAH!!!!”.
  Well, there you go.
  
  Report this comment
blanco5
Posted on September 14, 2012 at 7:12am
Hurry up and fail EU and America—I have money to be made and power to exert thinks souros! And why aren’t more people angry about spain counting our votes!!!!!!!

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James Daly
Posted on September 14, 2012 at 7:09am
What is the opposite of that? Whatever it is….THAT is what should be done.

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