George Soros Betting & Hedging that America Will Fail

George Soros, no friend of the United States economy.

George Soros has been betting, hoping and hedging that the American economy would fail for quite some time. Mr. Move on.org and Democratic backer is in gleeful mode as he drools over his comments that US economic recovery is far off and banks are basically insolvent.

The U.S. economy is in for a “lasting slowdown” and could face a Japan-style period of relatively low growth coupled with high inflation, billionaire investor George Soros said on Monday.

Soros, speaking to Reuters Financial Television, also warned that rescuing U.S. banks could turn them into “zombies” that draw the lifeblood of the economy, prolonging the economic slowdown.

What does Soros ultimately dream of, the $US being replaced as a world reserve currency.

Soros also said the U.S. dollar is under selling pressure and may eventually be replaced as a world reserve currency, possibly by the IMF’s Special Drawing Rights, a synthetic currency basket comprised of dollars, euros, yen and sterling.

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Comments

7 Responses to “George Soros Betting & Hedging that America Will Fail”

trevor on April 7th, 2009 12:47 am

truth hurts-i am sure him being a billionaire is no coincidence
rightknight on April 7th, 2009 3:21 am

Smacks of cornering the short market by
influencing the desired outcome via
manipulation of politicians, no? Anyway,
being on the winning side of market change
does make money for those who have
advance indications.

Please pass the loaded dice, thanks!
Dolf on April 8th, 2009 1:18 am

doubt this, due to the international business he has.
_________
SM: Sorry Keebler … not when one has a track history of shorting currencies and making money when things fail.
HOPE on April 8th, 2009 6:31 pm

You don’t get it do you?

The people have hope in their hearts…

Not for the love of money.

But in knowing their protected.

They will always have what they need.

.

The Passover is at sunset on Thursday.

For me, everyday is Christmas…

and I celebrate only One as He commanded.

I’ve come to pray for His kingdom to come.

I close my eyes and beg the suffering

to end.

And, thank God for every day

for it is because of his mercy

that I am, even, alive.

.
Dolf on April 9th, 2009 1:42 am

1 zijn dood is de ander zijn brood.

death of 1 means bread for some1 else
Dolf on April 9th, 2009 1:42 am

SM: keebler??
_________
Its just a saying … Kinda like sorry Charlie from the tuna commercials.
Dolf on April 15th, 2009 9:15 am

damn, i hate tuna

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