Euro Debt Crisis Is Worse Than US in 2008: George Soros

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Jeff Cox
CNBC.com
Sept 25, 2011

WASHINGTON—Europe lacks the same mechanisms that the U.S. had to deal with its financial crisis three years ago, making the dangers even greater, billionaire investor and activist George Soros said.

The U.S. Treasury Department in 2008 helped devise and implement the myriad liquidity programs used to recapitalize big banks and reassure investors when questions arose over their stability and integrity of deposits.

But uncertainty over what would happen in a run on European banks has added to the volatility of the European debt crisis.

“The European crisis is more serious than the crisis of 2008,” Soros said in an appearance at the meeting here of the World Bank and International Monetary Fund . “The authority needed (in 2008) was in place.”

Soros, who has for many years supported various liberal political causes, has called for a number of measures to take on the European Union sovereign debt crisis, including the establishment of a unified Treasury.

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14 Responses to “Euro Debt Crisis Is Worse Than US in 2008: George Soros”

  1. Euro Debt Crisis Is Worse Than US in 2008: George Soros
    ——————————————————————–

    The bastard should know, he helped create this mess not to mention he bankrupted other European countries in the past.

    “Takes one to know one”. He knows, because is a part of it.

    What a useless bastard.

    Bravo2……..out

  2. “Euro Debt Crisis Is Worse Than US in 2008: George Soros”

    So what does that mean, he wants the US to come out with a QEIII to bail out Europe?

  3. This is just more cnbc/Soros propaganda that promotes more financial socialism, fixing (not fixing) the debt problem with even more debt (worsening the debt problem), in the form of qe4, qe5, qe6, qe(n), and then handing over the tab to the tax payers once again as it collapses. No thanks, rhinoSoros, the only solution to the broblem is total collapse of a failing financial systems and starting all over with one based/built on honesty rather than corruption and deception. I say the sooner the better, quit delaying the inevitable. This sick financial scam on the people is getting old.

  4. Soros had lost BIG TIME with his “Orange revolution”,and now wants to suck more blood from the Europeans;this crook is nothing else then another MAdoff

  5. The bankers know that they cannot squeeze much more out of the US, so they try to convince the EU to invest (bail out) into their “scheme”. There will come many more bad news until they pay…but IF they do pay, they did not learn a thing out of the experience the US made with the “wonderful” recovery plan….
    That something like that would come after the EU sent Geithner home with the advice to clean first his own mess before trying to tell them what to do was a logical conclusion as well.

    All that could only happen because economies are nowadays measured in stock-market values, and stockmarkets are pretty much controlled by “the few”….
    20years ago the stockprice went up when the company fired thousands of people, but that wasn’t enough! Greed seems also to be unlimited!

  6. The old Zionist, Nazi, Racist Jew Soros should know, because him and his masters Rothschild Family planned to take america down from within. We are the only Christian nation left on earth who is the big hump in the road for them to rain in a One World Government. They need to take out 1/3 of the U.S. which would be all states east of the Mississippi River. And is where your most Christians are located. Don’t be fooled by these people there is going to be a false flag attack and a majority of U.S. citizens will be slaughtered by these evil Satan worshipers. But in the end almighty God will prevail and they will be cast into the deepest pits of HELL!!!!!!!

    reconscoutsniper Reply:
    September 25th, 2011 at 9:44 am

    And “STILL”, batting 1000.

    Bravo2…..out

    mississippiblackman Reply:
    September 25th, 2011 at 9:50 am

    thanks recon love telling the truth!!

    reconscoutsniper Reply:
    September 25th, 2011 at 11:20 am

    Back in 1990, a 42-1 underdog stepped into the ring with the undisputed heavy weight champ of the world at that time. Buster Douglas vs. Mike Tyson. With the exception of what happened in the 8th, Buster was beating the shit out of Tyson. In the 10th, Buster knocked his ass out. Those are the facts for any one who watched that fight. Remember that Tyson’s eye was swollen shut before the fight ended.

    Here is the point. Jim Lampley who was commentating, gave out the ring judges scores upon the conclusion of that fight. One judge actually had Tyson ahead in the fight until the KO happened. !!!!!! !!!!!

    Lampley’s comment was, and I quote; “Its hard to imagine what fight he was watching”.

    The truth is that Tyson took Douglas “light” and got knocked out. The judge that scored it incorrectly was a paid shill, or, a huge Tyson fan, or just didnt want to admit to the fact that Buster was the better fighter that night…..no doubt. In any case, he was wrong.

    Standing before Pontius Pilate, Jesus was asked by him; “What is truth”. Pontius Pilate knew that truth is the perception of those who are in power, not the facts. Thats what we have going on today. That too is why the DC crowd wants to have control over the internet and destroy the life line of truth getting to the people.

    Real truth is what it is. Its based on FACTS, not on perceptions, opinions, conjecture, wishful thinking or anything other than what it is. We truly enjoy reading your posts.

    Thanks again.

    Bravo2……..out

    heathdew2006 Reply:
    September 25th, 2011 at 12:21 pm

    recon mbm i like your posts…i read a lot but don’t comment much, i won’t be drug into all the drama that is all too common on sites like this. Something big is coming, not sure when it will happen, could be any day. My dad has been predicting this for 30 years (he’s ex naval intelligence). I’ve prepared my family as best as I can and am now just waiting…I’m really tired of waiting!!! But patience is a virtue lol. I would really like to talk to both of you, if your interested let me know and i’ll give you my e-mail.
    Heath

    reconscoutsniper Reply:
    September 25th, 2011 at 12:34 pm

    heathdew2006

    Do not post your email here.

    Meet us at the oldhippie.com/forums/ site. For you also Mississippi. You can scroll through the members section and click on any ones name.

    They call me scoutsniper over at the OH site. Use the PM service there and we shall talk. We also have a MI connection (current).

    Let us know what you might need. If we have it, we’ll share it with you.

    See you there. If you will, use the same handle you are using here. “Mississippi” knows where to find you at. He might need to meet you at another site. Ask him.

    Bravo2…….out

    heathdew2006 Reply:
    September 25th, 2011 at 12:45 pm

    Ok recon…ty…will see you there…msm, if you need too, let me know where to find you. Heath

  7. I wish he’d quit worrying about our foster child Europe ? Sam will be there soon to change their diapers ! ….don’t worry

  8. Good ole George Soros; what would the world do without him? For those of you who like and admire him; at 81 years old, his time is running out! I wonder how many moving vans we will
    see in his funeral procession? The way he carries on; he acts like he will live forever!

    Louisiana Creole

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