Friday, January 28, 2011

Soros: Authorities Terrified

From Economic Policy Journal:
In an interview out of Davos, Switzerland, George Soros told FT that authorities are terrified over the financial situation in countries like Ireland. The oligarch spoke up for "the people" in his remarks and said that it is "blatantly unfair for the people [of Ireland] to absorb all the losses" in Ireland, while bond holders go free. He said this is causing fear among authorities and it is why an EU emergency fund must be said.

Not mentioned by Soros is the fact that an emergency fund would result in further EU control over "independent" EU nations.He also failed to mention the fact that an emergency fund would simply spread the cost over entire EU population, rather than only the populations in the countries with the debt problems. As for objections from the German people about bailouts, the master manipulator said the German people "were coming along"....MORE 
Also at EPJ:
$900 Billion Child Support Suit Against Rapper Diddy