Tuesday, January 24, 2012

The Latest Views from the Gleeful Evil Bastard Soros

Well, this is interesting coming from a likely key backer of the Occupy movement. George Soros is predicting violence from the movement and evil from the government he tries to influence

The Daily Beast reports:
He sympathizes with the Occupy movement, which articulates a widespread disillusionment with capitalism that he shares. People “have reason to be frustrated and angry” at the cost of rescuing the banking system, a cost largely borne by taxpayers rather than shareholders or bondholders.

Occupy Wall Street “is an inchoate, leaderless manifestation of protest,” but it will grow. It has “put on the agenda issues that the institutional left has failed to put on the agenda for a quarter of a century.” He reaches for analysis, produced by the political blog ThinkProgress.org, that shows how the Occupy movement has pushed issues of unemployment up the agenda of major news organizations, including MSNBC, CNN, and Fox News. It reveals that in one week in July of last year the word “debt” was mentioned more than 7,000 times on major U.S. TV news networks. By October, mentions of the word “debt” had dropped to 398 over the course of a week, while “occupy” was mentioned 1,278 times, “Wall Street” 2,378 times, and “jobs” 2,738 times. You can’t keep a financier away from his metrics.

As anger rises, riots on the streets of American cities are inevitable. “Yes, yes, yes,” he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. “It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”
If that isn't enough of a negative forecast for you, Soros has even more:
Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. “At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “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.”
But, here is where things get interesting. He seems to be blaming the current problems on Wall Street trading programs, and although he doesn't say so directly, capitalism:

To Soros, the spectacular debunking of the credo of efficient markets—the notion that markets are rational and can regulate themselves to avert disaster—“is comparable to the collapse of Marxism as a political system. The prevailing interpretation has turned out to be very misleading. It assumes perfect knowledge, which is very far removed from reality. We need to move from the Age of Reason to the Age of Fallibility in order to have a proper understanding of the problems.” 
Understanding, he says, is key. “Unrestrained competition can drive people into actions that they would otherwise regret. The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.” Still, Soros believes the West is struggling to cope with the consequences of evil in the financial world just as former Eastern bloc countries struggled with it politically. Is he really saying that the financial whizzes behind our economic meltdown were not just wrong, but evil? “That’s correct.”
Notice, there is no discussion of central banks and the money manipulations that have caused the crises. There is no mention of regulations, such as minimum wage laws that prevent unskilled youth from gaining employment. Instead, Soros blames it all on a belief in "efficient markets" and  the belief that "markets can regulate themselves".

It is true that econometricians used faulty mathematical models to forecast the subprime mortgage market, but these econometricians in a real free market would be dead and buried, with the losses their equations caused. Thus, there is no problem with free markets regulating themselves but with government interfering in the liquidation of bad investments and propping up the incompetent, who having nothing but superior connections to government. It wasn't about too big to fail.  It was about too connected to fail.

The sly and slippery Soros is calling out the entire crisis that is likely to develop, but then he slips in the blame on "markets that can't regulate themselves", i.e., capitalism. In other words, he wants even more government regulation. Slick, he warns about a loss of freedom, but is promoting a direction that will result in that loss of freedom.

And where is he about to promote his ideas? At the World Economic Forum in Davos, where a top level debate on "The Future of Capitalism" is scheduled.  As I wrote yesterday, it appears as though the elitists are about to make the big power grab to take down capitalism and institute total elitist control.

Folks, capitalism and our freedoms are now, as they would say on Wall Street, "in play."


  1. I love the expression "markets that can't regulate themselves".

    The chief selling point of a free market is that it is a *superior* regulator.

    The market cannot be lobbied or bribed. It cares not who succeeds at satisfying consumers and who fails. If you squander resources, they'll be swiftly removed from your hands. If you apply them wisely, more will come your way. But in both cases, you're never secure.

    And that's what the likes of Soros and the rest of crony capitalism nation crave - security.

    It's much easier to have a politician in your pocket than to deal with fickle consumers. Bailouts, Subsidies, Monopoly Privileges, and Regulations written by lobbyists....that is the system that they've created, and they're betting that they can foist even more of the same on our backs.

    At some point that bet won't pan out.

  2. I am curious how Soro's believes that deeply indebted governments with exploding deficits and social welfare systems along with high unemployment can objectively regulate anything? Just look at how the EU has bent the rules to prevent banking collapses in Europe. I can assure you if the banking industry found a way to create a new bubble, the politicians would encourage the regulators to look the other way. What we have now is a global political economy.

    It seems all those that support expanding government's regulatory powers ignore the fact that one needs a disinterested party to enforce them regardless of political/economic consequences. There is no government I know of that is disinterested in the fruits of its economy. The governments of the world are as interested in profit as are the businesses creating it. Profit equals more jobs, lower deficits, political stability and higher tax revenues at all level of government.

  3. This little cockroach has had his nose up the Rothschild's arse for years. `The banker's little noser just doing his duty for them. He like the rest to go to Davos are the money elite puppets. Yes, yes, yes, go gleefully to defend the crap from the City of London. This low life is near his end, and imagine knowing when you are to die that you are a brown noser all your life. A fitting end for this useless human being.

  4. Is there any figure more Palpatine like in politics than Soros?

  5. He's more interested in 'surviving' than in staying 'rich'? I wonder if he found out that he did not make the top tier cut off for the elites?