Soros: Credit Crunch Is "Biggest Financial Crisis Of My Lifetime"

He tried to stop bush and for that I am grateful. It must have been all of that reflexivity of gun control, gay marriage and abortion that motivated the people to vote against their own economic interests.

The world is going to hell and I'm not going to take it anymore or something like that. Soros, stifle yourself. You're a first class alarmist. Go hedge something.

Soros is one of the few opportunistic predators feeding upon the decaying corpse of the American economy, who exhibits a sense of patriotic duty to his Country. Therefore, he warns us that our present national direction is disaster. He already has stated that the balance of economic power has shifted to Asia. He warns Americans that we must change the direction of our economy and financial system or face decline and ruin.
Th media has labeled him as left wing, socialist, liberal and crackpot for his warnings. There is virtually no discussion of his ideas. An organization of essentially controlled information does not mix well with the truth.

How much of it did he help CAUSE? I don't trust any of these guys anymore...

It's funny how brokers can figure down to the tiniest decimal what the value of a stock is, but somehow no one can get a handle on the depth of the subprime crisis, or so it is reported. the real problem is the weak dollar brought on by the irresponsible behavior of the banks (with the federal reserve at the top of the list).

RuleOfLaw supplied this and it's worth noting:
Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States"-Sen. Barry Goldwater (Rep. AR).

Why can't we get Great Men like this to run for President??????????

Smart man, I would follow his advice.

Even a bigger crisis than when Soros collapsed SE Asian currency and made billions. Soros damaged millions of Asians but feels that was not as important?

Like Cassandra, Soros seems to be cursed with knowing the future, but having no one believe him.

Even worse, when the future he predicts occurs, people blame him for the reality.

Seems to me that he has worked out some principles about the world, then bets his money on them, as all investors do. When he is right, people are envious and savage him.

I have been watching him for a while. I do not recognize the guy I have been watching in many of the posts here.

Good I hope you loose every penny, and God makes you live another 20-25 years penniless. Then you can Spare change on the streets.

At 77 that puts his lifetime as including all the years back to about 1931. So he means it's the biggest thing since then. Since the Great Depression coincided roughly with his birth, I think he means that what is happening now is of more concern, that is to say is bigger than the GD.

A lot of posters on this site, pushing us to buy gold, bringing up hints at the value of having guns or survival farms, or considering cannibalism apparently agree. Still others see potential for BlackWater run concentration camps and have provided links to "evidence" of the existence of these camps.

As yet I am taking a more optimistic view. I think that Bush will muddle through until very close to November. I think that he will pay for it when his turn comes to stand in the doc at the Hague, shortly after he vacates the White House, but he will succeed in the short run. Even with the opposition running Congress for nearly two years he has continued to have his way with us at every turn (riding a wave of "reflexivity?"). Still, November is a stretch and the voters will be not risk the cliff with another Republican in control. They know that if nothing else, D's will produce a viable safety net. And they will all fear they will need one.

Well, I watched Soros on a C-Span panel awhile ago, and the one thing that came through to me is that the guy is really, really smart. He was dealing in philosophical concepts that your average $100M per year CEO wouldn't have a clue with. I'm not saying he is a great guy, just that he is really smart. And he says what he means. I keep a DVD-R of Greenspan testifying before the Senate in my medicine chest - it's faster than ipecac.

I hope that the UK's FT does a precis on the NYT article on Mr Soros. The Soros article is a typical NYT effort to cover business/ finance which uses a lot of words & takes up too much of the NYT's space but says nothing. Maybe Mr Murdoch's WSJ will comment on the NYT's article on Mr Soros on Sat, 4/12/04. The NYT article today, 4/11/08 on Mr Soros & his operations is both murky & opaque.

Ole George doesn't have to worry long. He's funding Barack Obama's campaign through MoveOn.org and I'm sure that if Obama becomes President, George will get a large Return-on-Investment, (ROI).

George Soros is angry. In common with 90 per cent of the world's population, the Man Who Broke the Bank of England has had enough of President Bush and his foreign policy. In a recent article in the Financial Times, Soros condemned the Bush administration's policies on Iraq as "fundamentally wrong""based as they were on a "false ideology that US might gave it the right to impose its will on the world".

http://www.mindfully.org/WTO/2003/George-Soros-Statesman2jun03.htm
http://www.balkan-archive.org.yu/kosta/licnosti/soros.1.html