LJWorld.com weblogs Swampyville's You're the Poet; "Autumn Prayer"

Swampyville's - Reading Between the Lines!


(Reuters) January 2012 - A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying.

"Today, the euro is potentially endangering the political cohesion of the European Union," the Business Line newspaper cited Soros as saying.

"If the common currency were to break down, it will lead to the break up of the European Union itself. And this will be catastrophic not only for Europe but also for the global financial system."

(Reading between the lines - It would have a catastrophic effect on his global financial manipulations!)

The euro zone crisis is "more serious and more threatening than the crash of 2008," the Economic Times reported, quoting Soros.

In the near term, some of the euro zone countries (but, not me) may have to take more austerity measures because of the imbalances between the "creditor and the debtor countries," Soros said at a business school event.

"Unfortunately, they haven't yet solved the acute financial crisis and that is causing the situation to deteriorate...and it is not at all clear it will have a solution." Soros said.

(Hey; America, keep those TARP/Stimulus Packages coming)

("OH!; by the way, is anyone interested in buying billions of worthless Euros/Dollars that I will sell you for ten times the amount that I paid for them?") (George Soros)

"AMICULE, DELICIAE, NUM IS SUM QUI MENTIAR TIBI" (Baby, sweetheart, would I lie to you?)


Use the comment form below to begin a discussion about this content.

Commenting has been disabled for this item.