More Dire Predictions? Soros Compares EU Crisis To Collapse of The Soviet Union
- Posted on April 24, 2012 at 11:59pm by
Becket Adams
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Two weeks ago, billionaire currency speculator George Soros said that the financial crisis in Europe had “taken a turn for the worse” and warned of “a long period of economic stagnation or worse” for the EU.
Shortly after making those comments, the infamous market guru was back in the news for talking about betting against the euro.
This week, he says the EU financial crisis reminds him of the collapse of the Soviet Union.
“Europe is similar to the Soviet Union in the way that the euro crisis has the potential of destroying, undermining the European Union,” he said during a debate on public policy education Tuesday.
“With the profound social, economic and moral crisis that Europe is in, we can see a similar process of disintegration.”
His Soviet Union comparison is similar to remarks he made in Denmark last week, where he said the eurozone crisis is “not over yet, and it is going in the wrong direction.”
“The euro is undermining the political cohesion of the European Union, and, if it continues like that, could even destroy the European Union,” he said, according to Reuters. “You can grow out of excessive debt, you cannot shrink out of excessive debt.”
As mentioned before on The Blaze, Soros has embarked on something of a personal crusade “to save” the EU and has chosen to do this by railing against the Bundesbank (Germany’s federal bank) — a lot.
German banks and lawmakers are, according to Soros, “dead set” on enforcing the “status quo” by supporting laws that don’t work while the financial crisis threatens “still-incomplete political union.”
Soros says the EU can only be saved through bold and drastic action taken by eurozone authorities.
“The crisis can be stopped at any time. But this requires that the authorities realize that extraordinary situation requires extraordinary responses, ‘outside the box,’” Soros said in a Le Monde interview. “But the rules need to be changed to be sure the system does not emerge from its box.”
“Mr. Soros said other countries, such as Japan and Latin American nations, have come through similar experiences and survived, but the EU is not a country and is ‘unlikely to survive,’” according to the Wall Street Journal.
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HKS
Posted on April 25, 2012 at 1:20pmNow how special is that and Soros got to be a part of both of them. Now that’s headstone stuff there.
Report Post »Arshloch
Posted on April 25, 2012 at 1:04pmHee Haw Hee Haw Hee Haw Hee Haw ……………………………………………………….
Report Post »MammalOne
Posted on April 25, 2012 at 12:15pmIs anyone surprised European socialism has destroyed the entire European Union?
Report Post »scootervanneuter
Posted on April 25, 2012 at 10:51amOh yeah? And we compare George Soros to an anal wart -
Report Post »nosharia
Posted on April 25, 2012 at 10:48amSoros is playing a huge, grotesque chess game with the world. He needs to be stopped.
Report Post »lukerw
Posted on April 25, 2012 at 11:23amSurprise… a Nazi Jew… who hates Jews and Communists!
Report Post »CulperGang
Posted on April 25, 2012 at 10:26amHE can be arrrested for war crimes, just like all Nazi collaborators.
Report Post »G-WHIZ
Posted on April 25, 2012 at 10:39amIn the past, G.Soros HAS been banned from at least two(2) countries, for aiding the crash of their financial systems!! He has crashed many more than that, and is now crashing the whole EU and the U.S.A. . This terrorist should be in a terror trial, convicted and shott.
Report Post »porkandbeanz
Posted on April 25, 2012 at 9:55amthe song by europe, the final countdown) i could see Soros rocking out with the big hair from the 80′s
Report Post »Sara123
Posted on April 25, 2012 at 8:53amHe is right. Europe has become an oppressive, cultural cleansing, controlling monster of all powerful socialism and elitism. Wait until they put a European Federal government together, ruled by an all powerful dictator to consolidate the intolerance of Marxism or fascism and make it more effecient.
In America we have a third way – constitutional freedom. Europeans only have a struggle between the Marxists and Fascists. They each hate and harm different groups. The Marxists hate the natives of European countries and their cultures and the Fascists hate the non-natives. For native European voters it is a choice of who you are going to vote to abuse – elitists who hate you or the elitists who hate the foreigners who have been taught by the Marxists to hate you. Let’s go the third way, America.
Report Post »South Philly Boy
Posted on April 25, 2012 at 8:46amSoreAss… His FAT HEAD ought to COLLAPSE
Report Post »slybrtndr
Posted on April 25, 2012 at 8:04amget a rope freedom reighns,oboma Bush & Cheney put in jail and a lot more will be in jail soon
watch please
http://www.youtube.com/watch?v=tFSkBh5pF9E
Report Post »spirited
Posted on April 25, 2012 at 1:18pmIf ~~>“The Plan” <~~ is true, there really is hope for change.
Report Post »jnobfan
Posted on April 25, 2012 at 7:45amGeorge is undeniably a very smart guy but listen what he said. “You can grow out of excessive debt, you cannot shrink out of excessive debt.”
The world progressive leadership is betting the future of the world on the word of a currency trader who’s trading has brought countries to their knees. IMO he is Dr Evil and/or the devil.
He mixes the truth with lies to gain his own agenda.
The truth is “ you can grow your way out of debt”
The lie is “you can grow your way out of excessive debt”
Europe debt to GDP ratio is right at or past the point of no return.
Report Post »They have little natural resources and a workforce that gets 7 weeks vacation a year and retires at 55.
Good luck with that growth thing – have you heard of China? The western industrial revolution is over and not coming back. Europe will either suck it up and shrink back to a more rural less centralized government structure or they will kill each other again trying to put 10lbs of cheese in a 5 lb bag.
Robert Hawk
Posted on April 25, 2012 at 5:12amSoros states:
“The crisis can be stopped at any time. But this requires that the authorities realize that extraordinary situation requires extraordinary responses, ‘outside the box,’” Soros said in a Le Monde interview. “But the rules need to be changed to be sure the system does not emerge from its box.”
This comment is a slip of the tongue for Soros “Crisis” yep what is going on in the EU is set to bring about a state of Crisis. Why? so the EU can finally be overtaken by communism, George knows this because he knows the end game is to emerge with communist states who all report to a single global government (the open society). The box he refers to is the institution of communism/socialism over the existing sovereign countries within the EU. Russia is very close to achieving its goal of peristroika which is explained as global communist states by A Golitsyn in his book New lies for Old. Where the current administration in the White House is part of a plot to overthrow the USA and bring it under communist rule, George Soros is part of a global plot to overthrow all of the governments of the world and bring them under communist rule. The end game is complete communist rule under a global government system.
Report Post »Thatsitivehadenough
Posted on April 25, 2012 at 5:44amAbsolutely correct. Anyone who has been paying attention, and reading to understand history, real history, lived by real people, can see it. The problem we face is that of being able to convince people who have been so indoctrinated, so brainwashed, that they are incapable of seeing the truth. That, is the problem we have to overcome. George Soros is every bit as evil as Adolf Hitler. The more people who know that, the better.
Report Post »REPUB1
Posted on April 25, 2012 at 3:04amGermany IS THE STRONG hold of the UNion
Report Post »rsanchez1
Posted on April 25, 2012 at 1:21am“The Man Who Broke The Bank Of England” is drumming up a crisis so he gets rich while Europe goes into collapse.
Report Post »Itsjusttim
Posted on April 25, 2012 at 1:25amI don’t see him being rich in the end, or if he passes on first at least his children will inherit dust.
Report Post »Itsjusttim
Posted on April 25, 2012 at 1:34amAlright, they may have control of oil and natural gas or even gold. Who’s going to find value in it? Most people will be broke; the spirit of people is a giant factor in that Socialism has ruled for a very long time, and yes even in the U.S. People are not used to severe hardship, therefore people will become severely depressed – lethargic, unhappy, slothful, and they will see no value in the oil, gold, and other things the mongers think they control. People will have no purchase power, and the elites will just have a bunch of clutter no one wants and neither can afford, and so the rich elites will be brought low.
Report Post »Itsjusttim
Posted on April 25, 2012 at 1:44amThe people who lived through the Great Depression didn’t come from a really cushy time previously and life in general was still pretty hard before the Great Depression. The people then were nothing like the people now, the people now will shatter like fragile thin glass.
Report Post »Itsjusttim
Posted on April 25, 2012 at 1:55amI’ve always dwelled in the real world. How will you be when your nakedness is discovered?
Report Post »lukerw
Posted on April 25, 2012 at 11:59amDr Frankenstein… could build the Monster… but he could Not Control it!
Report Post »Apple Bite
Posted on April 25, 2012 at 1:19amHe should know…considering he helped CAUSED IT!!
Report Post »Diane TX
Posted on April 25, 2012 at 1:09amSoros seems to love making money on pain and misery. What a guy!
Report Post »Itsjusttim
Posted on April 25, 2012 at 1:18amLife is a series of ups and downs. But things are just mediocre, that’s why the love of many has waxed cold.
Report Post »RebelPatriot
Posted on April 25, 2012 at 1:00amWhat I don’t understand is how suprised they are when their idealogy continues to fail in real world examples.
Report Post »They attempt to blame it on everything but their idealogy. They don’t understand the world market is not to be propped up or manipulated, it has to be left alone by government and the rest will take care of itself.
The only problem with the US economy is the socialist in charge won’t get their greedy little commie hands out of it.
Itsjusttim
Posted on April 25, 2012 at 1:14amThat‘s what happens when you peg Capitalism to the future that doesn’t belong to men. See, the U.S dollar can be printed as much whenever they want for the longest time, and it’s made things cushy in America so people could pursue ideas and innovation for the longest time, but it’s a commie approach. Now the money is ruined. Think the elderly are going to want to give up their self perceived notion of entitlements? I don’t. Think people are going to want to pay back their debts who are just used to them getting discharged? I don’t. Moreover I don’t think Americans will want to pay the real cost of what it takes to live.
Report Post »Itsjusttim
Posted on April 25, 2012 at 1:23amThey never should have gotten rid of debtor’s prison, because people would have been more careful.
Report Post »lukerw
Posted on April 25, 2012 at 11:57amTheir Desires exceed their Grasp!
Report Post »Itsjusttim
Posted on April 25, 2012 at 12:59amI guess they better hurry up and get out there in space to find a lot of precious metals.
Report Post »lukerw
Posted on April 25, 2012 at 11:54amPredators… Hunt & Consume… and Move On!
Report Post »Itsjusttim
Posted on April 25, 2012 at 12:52amSoros knows the world is not going to pull through this financial crisis. He‘s old and it’s the culmination of his life’s work, to destroy the world financial system.
Report Post »Itsjusttim
Posted on April 25, 2012 at 12:57amThe bad guys are the ones who created it.
Report Post »Snowleopard {gallery of cat folks}
Posted on April 25, 2012 at 1:13amAnd his sons are making their apperances on the world stage as well; to pick up where the father has left off when his passing occures.
Report Post »lukerw
Posted on April 25, 2012 at 11:53amI think… Nature… Created the Supply & Demand System… and Thinking… Created the Idea of Money, as the Easy Way to allow the Exchange of Goods in a Barter System!
Report Post »dds2th
Posted on April 25, 2012 at 12:36amShort the Euro now, Spooky Dude has spoken.
Report Post »whatthecrazy
Posted on April 25, 2012 at 12:35amWhats dire is having to look at his evil face as he looks like he is about to climax while talking about the demise of what ever nation he is sucessfully destroying.I wouldn’t be surprised that when he drops his pants there is a horses@ss …………..
Report Post »jwilburn
Posted on April 25, 2012 at 1:08amSO True & 2 Funny!
Report Post »ThePostman
Posted on April 25, 2012 at 7:23amJust say a whole bunch of offensive things and your entire existence on the blaze will be “disappeared” in no time. Trust me. They deleted my first profile because I said something that many people didn’t like. It was true, they just didn’t want to hear it.
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