Soros: If I Wasn’t Retired, I’d Bet Against The Euro
- Posted on April 19, 2012 at 11:04am by
Becket Adams
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During an interview with the French newspaper Le Monde, billionaire currency speculator George Soros said that were he not a retired investor, he’d “bet against the euro.”
“You have long speculated on currencies…would you be willing to bet against the euro?” Le Monde asked Soros.
“I am now retired, and my Quantum fund has no position in euro. But until there is no change among European leaders, if I were to invest, I would bet against the euro. Or at least, I’d bet on it,” Soros responded.
However, it should be noted that it’s not until the end of the Le Monde interview that Soros makes his comments about the euro. Most of the article consists of him railing against the Bundesbank (Germany’s federal bank) and calling for European authorities to take complete control of the EU’s finances.
“I fear that the political leaders of today will lead to a disaster. The euro threatens to destroy the European Union and, with the best of intentions, the leaders are leading Europe to its ruin by trying to impose inappropriate rules,” Soros said.
“The most fragile countries in the euro area have discovered they are in a situation of third world countries, as if they were indebted in foreign currency,” he added.
“Even if the euro survives, Europe has before it a period of great difficulties.”
As most Blaze readers know, when Soros starts talking like this, it’s best to listen. After all, as noted by Ambrose Evans-Pritchard for The Telegraph, he “has some expertise in this field.”
“His cue for launching a speculative attack — with others — on Sterling and the Lira in September 1992 came after Bundesbank Chief Helmut Schlesinger told Handelsblatt that the two currencies were overvalued within the [Exchange Rate Mechanism] peg,” Evans-Pritchard adds.
Soros continued (via Le Monde):
The crisis can be stopped at any time. But this requires that the authorities realize that extraordinary situation requires extraordinary responses, “outside the box.” But the rules need to be changed to be sure the system does not emerge from its box.
A radical proposal would create a holding company through the ECB [European Central Bank], where states would transfer 2,000 to 3,000 billion euros of bonds and would not have to pay interest.
…
The problem is in Germany, because the public has confidence in the Bundesbank…The Bundesbank dominates European politics, but it has taken action good for Germany, not for Europe. Because Germany is a flourishing country, it benefits from the euro crisis, the low exchange rate of the euro relative to the strength of its economy and low interest rates to finance its debt.
…
The situation remains very serious, as related to the sovereign debt crisis. Bank recapitalization should continue, and that the European Stability Mechanism may be useful.It is especially important to introduce a real European control over banks, because there are too many incestuous relationships between banks and national governments. Particularly in France, with the “financial inspectors”
As some Blaze readers may have noticed, this is basically a continuation of last week’s Financial Times op-ed where Soros said “the euro crisis has recently taken a turn for the worse” and that the the German banks can‘t solve the EU’s problems.
This article has been updated.
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Comments (66)
nothinghere
Posted on April 19, 2012 at 5:46pmis this one of those dog whistles,he’s scared to death,germany,and england are going to eat his lunch,retired ,retired from what, the article said he was a currency speculator, what do you call what he’s doing now.
Report Post »yes this is another glowing account of a socialist hypocrite,but this ones probably directing 75% of americas news organizations.
75% of the socialist controlled american press,the state of florida,and the federal government have violated zimmerman’s,or everyone elses constitutional rights.
zimmerman was not taken in front of a grand jury,so i need to know for my own safety,has the malitia been called out(the new black panthers),are we at war,or is the public in danger?
read the 5th amendment of the constitution
if the aclu was the aclu,nevermind.
i hope some good new lawyers will assist zimmerman,as many lawsuits as these people have exposed their companies,assoc.,and groups to,and the civil rights violations,starting at the city level up to the doj,were talking tobacco size settlements.
their trying for a racial war,their not going to get it. all their going to get is alot of inner-city property damage,and regetablely many minority,and poor peoples deaths.
one thing o’bama wants to do is this marshal-law, that would be his last presidential order, and i think he will be in the air when and if he does it.
this is just my thinking,there are 100,000,000 citizens, probably at least 500,000 gov.employees, that are armed and not happy with you and yours,
dmerwin
Posted on April 19, 2012 at 5:42pmAs if he hasn’t?
Report Post »Mr Sanders
Posted on April 19, 2012 at 4:57pmhere we go…..
Report Post »AZGodGoldGuns
Posted on April 19, 2012 at 4:57pmWe here in America must be aware that Obama is a disciple of Soros, but Hillary is his protégé.
Report Post »Larry E
Posted on April 19, 2012 at 4:05pmSoros needs to be retired to a nice deep hole infested with poisonous snakes. He may be intelligent, but that’s no excuse for his prolonged torture of the civilization.
Report Post »Anamah
Posted on April 19, 2012 at 4:38pmSadly he is unable to be something different than a worm. He has lived as a worm all his life and he will still be to his death.
Report Post »Hollywood
Posted on April 19, 2012 at 4:41pmHe is starting to look just like I picture his father. That’d be satan!
Report Post »He will be meeting him soon, I think.
satan loves self hating Jews like Soros. Love being used very loosely here. Soros will find out just what is in store for him for conspiring against his fellow Jews,in Hungary, during WW2. He has their blood on his hands.
Thatsitivehadenough
Posted on April 20, 2012 at 4:23amI can’t wait.
Report Post »unsure
Posted on April 19, 2012 at 3:52pmGeorge Soros has retired ever since he won the President of the United States, now all he has to
Report Post »is tell his stuge what to say and do.
MCDAVE
Posted on April 20, 2012 at 1:01amThe man behind the teleprompter..
Report Post »DSTSS2010
Posted on April 19, 2012 at 3:29pmThr Devil is retiring? I don’t believe it.
Report Post »lukerw
Posted on April 19, 2012 at 3:39pmHe can call himself retired… but his Money is Active and supporting the Overthrow of Nations!
Report Post »NLN
Posted on April 19, 2012 at 7:41pmI wonder? Does he collect social security.
Report Post »scout n ambush
Posted on April 20, 2012 at 4:03amNo he started making how to guides now check out The All in One Guide to to Defeating ICE hold Request sponsored by Soros justice fellowship programs.story at ncrenegade.com sor won’t retire he just branches out in diffrent directions like poison ivy
Report Post »SHOWMESTATEGUY
Posted on April 19, 2012 at 3:22pmSoros is an enigma. He says Europe is going down the tubes because of pass fiscal policies then turns around and supports those same fiscal policies in America. The man writes checks to liberal groups that have the stated goal of making America more like Europe.
We can’t afford to be more like Europe can we?
Report Post »THX-1138
Posted on April 19, 2012 at 2:41pm“Retired” is an interesting word. This man is one of a very few I would not mind seeing retired….
Report Post »WakingSheep
Posted on April 19, 2012 at 1:40pmI bet he likes Romney as much as he does Clinton, Obama, Bush or the rest of the gang.
Report Post »More government control is what they are all about. Utopia, in their minds, cannot be achieved as long as the individual can do as he pleases. Utopia means the end of the individual and the rise of the state and you better not go any different direction than the state.
The end of the individual creeps closer and closer comrades.
grandmaof5
Posted on April 19, 2012 at 1:34pmThe only way, I believe, Spooky Dude retires is when he is 6′ under. And then he and the devil will orchestrate from the grave. Wish he would test my theory…..
Report Post »janedough1
Posted on April 19, 2012 at 1:32pmYeah, so you’ll just get your kids and your minions to do your dirty work for you.
Report Post »suedstate
Posted on April 19, 2012 at 1:26pmYou can bet anything you’ve got he is betting on the euro collapse, since he was pushing for the euro and now will make trillions on it’s collapse.
Report Post »He is also the AH that is pushing for a one world currency, with the help of the Federal Reserve he is now hedging for the collapse of the Dollar, pure evil this cretin.
jackact
Posted on April 19, 2012 at 1:21pmI guess this creep thinks he was not partially responsible for the collapse Greece?
Report Post »The elite will always think we are stupid if we say nothing.
Next plan for Soros is hedging a bet that our entire economy collapses due to untapped domestic energy resources.
Just watch closely.
kickagrandma
Posted on April 19, 2012 at 12:40pmhe will never retire.
More lies from the mouth of satan….
Report Post »SiToNiTsOrOs1
Posted on April 19, 2012 at 11:58amThis man is one THE principal persons in doing HARM to ALL economies. He is an economic terrorist. He operates under cover and has power because he is so wealthy. If freedom is to survive on Earth, something has to be done about Soros and all of his ilk. Won’t some one (or many some ones) stand up and do something about this deceptive miscreant? He is clever and very street smart. Taking down all of his organizations would be difficult, but if enough folks (including the wealthy conservative power brokers) get together and initiate the right plan, WE THE PEOPLE can remove George (a person that turned on his own during WWII) from the picture.
Report Post »lukerw
Posted on April 19, 2012 at 12:22pmIf there was Plague… would we not do everything to snuff it out? Then… what is the Plan?
Report Post »gsplgtr
Posted on April 19, 2012 at 12:40pmHas there been any currency that he has not destroyed where he has not profited?
Report Post »db321
Posted on April 19, 2012 at 12:48pmSoros – If I was the DOJ I would have brought you up on Treasonous Charges and Locked you up!
Soros – is right – you should believe him – he has successful predicted the fall of every Country he has set out to destroy. The Euro “WILL FALL THIS YEAR AS HE PLANS – Just in time for the Monetary Collapse of US Dollar before the Election – I’m Not talking Economic Collapse – but MONETARY COLLAPSE of America – coming this year!
Obama is pretty smart – he pass a law two week ago that allowed him to declare Marshall Law – if the US Dollar has a Monetary Collapse. Hail Obama!
My new past time – will be to go to the Grocery stores and watch Americans try to use their food stamps and US Dollars to by bread! Myself and the clerks are going to laugh at each of them, as they explain that they no longer taking US Dollars or Food Stamps as legal Tender.
My last words to them as they walk out empty handed is – How is Obama working out for you!
My Economic Professor in College told us this was going to happen 18 years ago – so don’t give Obama to much credit for collapsing the US Dollar – a wasted stimulus and multiply expensive Vacations was easy to do!
No household or Business can ever ever operate with a debt that is strangling it’s very existence – they collapse!
Welcome to the United Socialist States of America – the Great Christian Super Power is Gone – here comes Sharia Law!
Report Post »bement14
Posted on April 19, 2012 at 11:49amSteelhead I‘m pretty sure insider trading doesn’t fall under “capitalism”.
Report Post »Unix
Posted on April 19, 2012 at 11:48amSoros is a monster, IMHO! He sold his own people to the Germans during WWII, and he crashed several currencies and is wanted as a financial terrorist in several countries, if what I read is true! This man funds MediaMattersLess, OpenSociety and several other communistic franchises, for which he construes to take down the USA financially, as “…the last impediment to world peace…”. The man is a piece of work all right!
Report Post »thegreatcarnac
Posted on April 19, 2012 at 11:47amSoros is helped kill some of his own people during WWII. He has a lot of money but in reality he is worthless.
Report Post »Mark0331
Posted on April 19, 2012 at 11:22am…and if the NAZIS had won, he would still be selling out his neighbors for gold and chocolate.
Report Post »edcoil
Posted on April 19, 2012 at 11:26amSoros was the leading force for the euro. Guess he, like everyone else does not like what he created.
Report Post »AvengerK
Posted on April 19, 2012 at 11:48amDid you see Soros’ signal to the Euro elite? “Until there’s a change among European leaders”..he goes on to reiterate that the European governments have to step in and take over. You must remember that Soros is invested heavily in Italian debt (to the tune of billions of dollars) and Italy is in a lot of trouble. Soros was betting against the U.S. and he lost the bet. So what Soros wants now is for the European governments to go to Brussels, tear up the E.U. charter and do as they please. Statism at it’s most stark and brutal. Any agreements are worthless at that point. This is what Soros endorses and what he endorses here in the U.S. as well. For the government to do as it pleases, regardless of any constitution. His own goals are to acrue more wealth for himself because he makes his money on down economies and through government control of industries but they align with leftist goals because more government power is what leftists seek. Soros has been beating the “The European governments need to take over” drums for months now. He keeps giving them the nod. Realistically..Greece will default..this won’t affect us here too greatly. But the domino effect of Spain, Italy and Portugal defaulting (Spain is again facing that reality) will have dire consequences for Europe and will impact us here in the U.S. Meanwhile Germany wants to preserve the Euro in order to preserve the boom it’s seen in trade. Europe is in trouble and it‘s socialism’s fault.
Report Post »lukerw
Posted on April 19, 2012 at 11:58am@EDCOIL
Report Post »They wanted the Euro…. so they could move money between Countries without Conversion Rates & Fees. Now… they have a New Home for the consolidated Funds… so Europe can go to Hell!
Itsjusttim
Posted on April 19, 2012 at 11:18amI think the entire thing has even gotten too complex for Soros to understand anymore, and that’s why he got out of speculation.
Report Post »Itsjusttim
Posted on April 19, 2012 at 11:25amIf I was an investor (which I’m not because I would rather just watch), I’d be investing in energy, land, and many commodities, even though I don’t see what good that will do if everyone is broke.
Report Post »lukerw
Posted on April 19, 2012 at 11:42amUnder Socialism… they will take over all Land as Monitary Support… and control Food & Energy! Gold maybe the most safe… but they can take that away from you!
Most people will be driven to Comply… or Fight!
Report Post »Detroit paperboy
Posted on April 19, 2012 at 11:17amAnd what got them to third world status…… Socialism and welfare……
Report Post »ZX12R
Posted on April 19, 2012 at 11:37amThat is obvious to anyone objective. And if the idiots in America don’t remove communist Obama from office this election, we will catch up to them at speed of light.
Report Post »Jackie Rogers, Jr.
Posted on April 19, 2012 at 12:23pm“And if the idiots in America don’t remove communist Obama from office this election, we will catch up to them at speed of light.”
Did you really want to say idiots? Because I’m assuming your going to be one of the voters trying to remove him.
Report Post »Snowleopard {gallery of cat folks}
Posted on April 19, 2012 at 11:09amSo now commences the collapse of the Euro and Europe with it; just as Soros has planned, soon to include the US if he has his way.
Report Post »CatB
Posted on April 19, 2012 at 11:13amand we are supposed to believe he isn’t “active” in it … yea right.
Report Post »lukerw
Posted on April 19, 2012 at 11:16amThe Federal Reserve has been backing the Euro… giving Dollars… for Euro “assets” on their Books. So, Failure in Europe should add about 6 Trillion to our Debt! We are LINKED!
Report Post »Snowleopard {gallery of cat folks}
Posted on April 19, 2012 at 11:46am@CatB – most of us at the Blaze do understand Soros all too well; its the majority of the nation who still does not get it. One person here where I live asked to see the details I had on Soros, so I shared it with him, including the videos downloaded.
He declared Soros to be “a hollywood nightmare of a villian.” I had to explain that Soros is all too real.
Sadly to say the nightmare vision of one man is not going to end soon for the world.
Report Post »Snowleopard {gallery of cat folks}
Posted on April 19, 2012 at 11:47am@Luke – I have an uneasy feeling that the $6 Trillion number may be many times that amount.
Report Post »lukerw
Posted on April 19, 2012 at 12:04pm@SNOW…
Report Post »I fear that you are Correct… but my mind cannot grasp the Concept of More! I’m truely saddened that we have arrived to this state!
MCDAVE
Posted on April 20, 2012 at 2:21pm@lukerw few people know about this ….this is the ultimate act of treason committed against us by the Fed….
Report Post »Steelhead
Posted on April 19, 2012 at 11:09amand the beckerheads hate the capitalist Soros. lol
Report Post »Unix
Posted on April 19, 2012 at 12:02pmYou make me laugh, capitalist? You have not understanding of the term, if that is the case! Go find a second brain cell, so you can rub the one you have with your newly found wisdom, ROFLMAO!
Report Post »GardenoftheGods
Posted on April 19, 2012 at 12:03pmWe don’t hate Soros… We hate all the horrible things the man has done to make his wealth. We don’t want to see it taken away from him; that is the difference between we “beckerheads” and say, Obama, Van Jones & OWS… He can keep it; just get the hell out our country & stop trying to destroy our economy.
Report Post »lukerw
Posted on April 19, 2012 at 11:07amWe are going to learn… how many Ghosts follow his words… and how much Money that they control!
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