Monday, June 25, 2012

Heed the Words of the Great and Powerful Soros


Germany’s Resistance May Prove ‘Fatal’ to Europe: George Soros


"A longer-term solution has to be found for the crisis in Europe, Soros said, and he proposed a so-called European Fiscal Authority (EFA) to be set up to buy Spanish and Italian bonds in exchange for structural reforms.  Under Soros’ proposal, this fund will buy the bonds with European Treasury Bills issued and backed by the ECB and every euro zone member-nation. These Bills would therefore receive a zero-risk weighting from regulators and have very low yields."

Ummm, before my German friends go "all in" on Mr. Soros plan, please recall this quote as seen today over at Jesse's :

"The hyper-rich are facing something worse than death: becoming poor. Do you think they will go quietly? I think they will do whatever it takes and sell it to us in the name of 'saving the system.'"

David Malone, Debt Generation

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.