28 Responses to George Soros: The global financial system is in a ‘self-reinforcing process of disintegration’

  1. Irene C says:

    Whenever I look at George Soros, I have to think about the Emperor on the original “Star Wars”, sitting there rubbing his hands in glee with that maniacal laugh. He is one spookey dude.

    Maranatha

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  2. LoneRider says:

    So let me get this straight, we are looking at someone who has been prosecuted on insider information violations, known for currency manipulation, and we are looking to him for guidance??

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  3. Tom says:

    His verifiable past, remember, also includes a stint wearing a Nazi uniform in Germany and shuttling civilians to concentration camps to be slaughtered. I don’t know I could trust him for much of anything, other than to be or to be a supporter for the upcoming next anti-Christ.

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  4. The Watcher says:

    Yea, He would Know…. This whole thing has been planned and executed from the start.

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  5. Dennis E. says:

    Let me also add: I see Africa and The Arab Spring as areas of progress? Yes they were. The alignment of nations that will soon come against Israel.
    From Africa:::Libya and Ethiopia.
    The Arab Spring:::The rise of the Muslim Brotherhood, another arch Enemy of Israel.
    A good friend of obama. So, in public, words are spoken of support, peace and security.
    In private, plans are being made for its destruction.

    Something to ponder………….
    Good morning Alvin…………….

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  6. radiogirl says:

    Soro’s..Mr.Partoftheproblem commenting on the problem.DISGUSTING!!!!!!!!!!!!!!!!

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  7. Blessed says:

    George Soros is holding hands with the Anti Christ

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  8. SC says:

    I agree with all of you. This man is the mastermind of all evil!

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  9. Gen says:

    What would a fiscal union mean. Would it cause countries to pull out of the eurozone.

    http://www.news.com.au/business/merkel-pushes-euro-fiscal-union/story-fn7mjon9-1226212770214

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  10. Gen says:

    Goldman Sachs and Europe

    This is from Wikipedia:

    “Goldman is being criticized for its involvement in the 2010 European sovereign debt crisis. Goldman Sachs is reported to have systematically helped the Greek government mask the true facts concerning its national debt between the years 1998 and 2009.[72] In September 2009, Goldman Sachs, among others, created a special credit default swap (CDS) index to cover of high risk of Greece’s national debt.[73] The interest-rates of Greek national bonds have soared to a very high level, leading the Greek economy very close to bankruptcy in March and May 2010 and again in June 2011.[74] Lucas Papademos, Greece’s new prime minister, ran the Central Bank of Greece at the time of the controversial derivates deals with Goldman Sachs that enabled Greece to hide the size of its debt.[75] Petros Christodoufou, head of Greece’s debt management agency began his carreer at Goldman Sachs.[76] Mario Monti, Italy’s new prime minister and finance minister, who heads the new government that took over after Berlusconi’s resignation, is an international adviser to Goldman Sachs.[77] So is Otmar Issing, former board member of the Bundesbank and the Executive Board of the European Bank.[78] Mario Draghi, the new head of the European Central Bank, is the former managing director of Goldman Sachs International.[79] Antonio Borges, formerly head of the IMF’s European Department is a former vice chairman of Goldman Sachs International.[80] Peter Sutherland, former Attorney General of Ireland is a non-executive director of Goldman Sachs International. Karel van Miert, former EU Competition Commissioner is an ex-international adviser to Goldman Sachs.[81] These ties between Goldman Sachs and European leaders is an ongoing source of controversy.[82] “

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  11. Heather says:

    Sure, George, Africa & the Arab Spring are real “areas of progress” – if you’re a radical Muslim working to establish a caliphate or a member of the banking cartel looking to expand your reach. Amazing how the media continues to quote this guy as if he’s not one of the chief instigators of the whole mess.

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  12. Evo says:

    Europe is in debt, China is in debt, the US is in debt. Who is owed money? I am completely bewildered by all this debt, and would be very grateful to anyone here that could explain it, even a little to me. Where is all this loaned money coming from?
    If you add up all the debt that is owed by all the countries, it is very improbable that it can ever be repaid. If every country in the Earth said tomorrow “Nope, cannot pay this back” who is without payment?.
    I know my question is extremely naive, and I know the consequences would be very dire, but all this stuff is outside of my understanding. I thank anyone now, in advance, who can give me even a slight understanding of what is really going on.

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    • MG
      The Global Banking System: Magicians’ greatest secrets revealed

      Evo, it’s quite simple. Forget about cash. The world doesn’t operate on cash. Never has- it operates on cashless credit. The time it takes for money to be paid to the time it is paid by contract is leveraged by finanical institutions to borrow more money. Here’s a simple analogy: Mike moves from the U.S. to Costa Rica and transfers his account of 10,000 from Bank U.S to Bank Costa Rica. Does Bank U.S. ship the cash to Costa Rica? No. Bank U.S. simply issues a credit to Bank Costa Rica. Bank Costa Rica takes the $10,000 credit and now goes to Bank of Brazil and uses the $10,000 credit to leverage against borrowing $100,000. With the $100,000- Bank Costa Rica will put $5,000 in cash reserve, place $50,000 in trading, futures and derivative options and will loan out most of its own money of $400,000 at 5% interest while balance leveraging the remaining $45,000 Brazilian dollars which is used as instant liquidity. Bank Cost Rica expects to make $100,000 from its market trading and $420,000 from its loan portfolio. So, it now leverages that $520,000 to borrow $1 million from the Bank of Mexico. Meanwhile, the Bank of Brazil is expecting $106,000 back from the Bank of Costa Rica, so it leverages that incoming credit to borrow $600,000 from the Bank of Colombia to strengthen its portfolio. We have not inflated $10,000 in cash to a declared credit value of about $1,700,000 dollars.

      Now the problem: Mike withdraws his $10,000 out of Bank Costa Rica to help purchase his retirement home. Just as Mike begins settling into retirement- a Recession hits and there are huge losses in financial markets. Because of the Recession, people are laid off so the $400,000 residential loan tendered to Construction B Company by Bank Costa Rica defaults. Now Costa Rica has lost its $10,000 cash deposit, it has lost $30,000 in a bad market and it has $400,000 to write off as a bad debt. Now the bank is looking at $440,000 in loses less its $45,000 in liquidity = $395,000 in loses on the books. But wait, it still owes the Bank of Brazil $100,000 + ($4,000 in interest) and the Bank of Mexico $ 1,040,000—- so now, it’s total loses is $1,539,000 because it gambled with Mike’s $10,000 in the wild hopes of striking it rich. Bank Costa Rica has now put both the Bank of Brazil and the Bank of Mexico in jeopardy because it cannot repay its loans to either institution. Worst, the bonds both banks used to insure against default loses cannot be redeemed in time to recover operating capital because of contract dates. Now, the Bank of Brazil has put the Bank of Colombia in jeopardy because of its loan defaults.

      And this is a simple analogy of just how easily the dominoes start falling when a little cash of $10,000 is taken to create a nightmare credit bubble of millions of dollars which is used to prop up 4 banks with nothing more than IOU’s. Now you know why debt dollars probably outnumber $cash reserve dollars by about 2000 to 1. The actual statistic of credit dollars to cash is likely much higher but the whole finanical system is nothing more than an elaborate ponzi scheme as even convicted con artist Bernie Madoff himself said.

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      • Evo says:

        Alvin, what you are saying is that our banks are gambling institutions, punters in casinos, punters at the racetrack.? And they have hit a losing run? Seriously.? But with other peoples money.
        I never understood what was really happening until now, in a way I wish I had not asked, because the only emotion it brings is disgust.
        In this case, there is not even a foundation of sand under our banks. It’s a foundation of…what?…I have no idea, fantasy?
        You have shocked me. Your post should appear on the front page of every newspaper in the world, because there are many people like me that who simply cannot get a grasp on what happened.
        I will ask only two question, how can implosion not be inevitable? The whole thing is just pretend, fake. And how is this legal? It’s not their money.
        Thank you, for your patience, and going to the lengths you did to educate me.

        BTW This Mike guy in Costa Rica, he has a lot to answer for!!

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      • CAS

        Mike should have never moved to Costa Rica. Basically, if there was a run on any one large bank in the U.S. or anywhere in the world…governments would have to print money to cover your desposits. The last thing I read was that large U.S. banks were over-leveraged by about 50 to 1 – meaning they have $50 in outstanding debt to every $1 in cash reserves on hand. What most people don’t realize is their deposits are basically a mirage until they withdraw the money out of the bank. Until then; they are much like Bernie Madoff’s investors receiving bogus investment statements each month when there is no cash in the bank vault —— we’re all broke, even Warren Buffet because he could only obtain some of his liquidity now in an emergency cashout but in a crisis; he would lose all his money. When the financial system finally does implode, everyone will be penniless. That’s why the financial institutions came up with creative schemes to tie up your cash- to keep you from pulling it out of the system prematurely- 6 month CD’s, IRA penalities for early withdrawal, bond maturity dates, education bonds, ect

        Below is a list of derivative debt exposure for 4 of the largest U.S. banks. Keep in mind, the entire GDP- amount of money the whole world can produce in one year is only $100 trillion dollars. JP Morgan Chase already has almost that much in debt.

        1.) JP MORGAN CHASE BANK NA OH
        $78.1 trillion OTC derivatives

        2.) CITIBANK NATIONAL ASSN
        $56.1 trillion OTC derivatives

        3.) BANK OF AMERICA NA NC
        $53.15 trillion OTC derivatives

        4.) GOLDMAN SACHS BANK USA NY
        $47.7 trillion OTC derivatives

        source: http://www.bankreorealestate.com/credit-news/over-leveraged-u-s-banks-top-4-have-235-05-trillion-in-otc-derivatives.html

        This is why I laugh when people call us alarmists or say people have been warning about a system crash for years and it hasn’t happened yet. Once you understand the scope of the problem and how the system works- it’s enough to turn your stomach because it’s all a lie. How can it be legal you ask? The educated crooks in our society came up with a way of legalized stealing because it’s easier robbing a bank in a suit and tie than it is holding up a liquor store.

        Problem Bank list tells how the world’s biggest banks are caught up in the soverign debt mess: http://problembanklist.com/to-big-to-fail-casino-banks-make-billion-bet-on-piigs-sovereign-debt-0430/

        Now, sadly and shockingly, you now know one of the most closely guarded financial secrets in the world.

        Alvin

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  13. Amy P. says:

    If gold takes a dump, don’t sell… Soros has tons. He wants to squeeze every last bit out of us and he will risk a lot to make a whole lot more.

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  14. Tim says:

    Monopolizing, who needs more money? We’ve got plenty and we’ll just print some more.

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  15. Gen says:

    Australia’s rating was raised to AAA by Fitch’s the other day. Now Australia’s biggest 4 banks have been downgraded by S&P.

    http://www.abc.net.au/news/2011-12-02/australia-banks-downgraded/3708476?section=business

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  16. harry says:

    There is more to this whole mess than meets the eye. It has not happened on account of pure greed, it’s not just about money. It’s about power. If the people behind the bankers can engineer a financial crisis severe enough to cripple the economy, rising fuel costs, effecting transportation of food supplies, they will have the world on it’s knees in no time. If the offered solution of a one world currency solves the problem, starving people will agree to give anything a try. Also, to the comments on the anti christ, or the beast from the abyss, soros is not him, when he arrives you will know him, IF you in constant communication (prayer) with God. If not you will be guessing like the rest and be taken unawares. Grow your own food, and research alternative energy sources, apart from gas and oil. Become independent of the grid, this is the only way to remain free of the military industrial complex, (the powers that be).

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  17. Evo says:

    It may be that the Antichrist is already amongst us. Not as a human being but a creation of the power hungry, greed obsessed, culture we are now living in. And worst of all, it is winning.

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  18. Fillade says:

    Just learned Newt Gingrich is a 33rd Degree FreeMason, Ron Paul is also a free Mason, unknown degree.

    There is an unknown clasification for Obama, his Czar’s and the US Senate above 33 degree. They just passed S-1867, it’s a free ticket to those lovely FEMA camps in the Heartland, the one’s with no provison for feeding the guests.

    Maybe somebody could ask a simple question at this late hour, what affect will it have upon the nation to again elect a man who worships Lucifer above the God of Creation.

    A truth: Those who do not learn from the failures of history are doomed to repeat those failures.

    There’s only one finite problem with this truth, this time around there won’t be anyone left to learn.

    Fillade

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