Pages: 1 2
George Soros is delighted that chaos is coming to his adopted homeland.
“In the crisis period, the impossible becomes possible,” the anti-American financier told Newsweek in a recent interview, restating the Alinskyite adage that a good crisis is a terrible thing to waste.
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros says. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Like some of the more dimwitted commentators on economics, Soros loves to spew the usual socialist drivel about so-called market fundamentalism running amok as if he were living during the Cleveland administration. “The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening.”
To people like Soros, the mortgage bubble was caused by the Snidely Whiplashes of the financial world, not by venal real-life politicians like Barney Frank and Chris Dodd and the monstrous financial blunderers known as Fannie Mae and Freddie Mac. Free markets are to blame even though they have never been tried.
As the U.S. economy continues to deteriorate, anger will grow and rioting in the streets is sure to follow. “It’s already started,” he says. “Yes, yes, yes,” Soros adds “almost gleefully,” Newsweek writer John Arlidge editorializes.
For years Soros has longed for an opportunity to transform America into a socialist state. “The system we have now has actually broken down, only we haven’t quite recognized it and so you need to create a new one and this is the time to do it,” he said in 2009 as he created the Institute for New Economic Thinking with a $50 million endowment.
This Communist sympathizer co-founded the ultra-secretive Democracy Alliance, a billionaires’ club that funds leftist political infrastructure. He has said that European-style socialism “is exactly what we need now” and favors American decline. Soros praises Red China effusively, saying the totalitarian nation has “a better-functioning government than the United States.”
Pages: 1 2