George Soros: 'I'm having a very good crisis'

http://www.dailymail.co.uk/news/wor...manager-1billion-world-plunged-recession.html

'I'm having a very good crisis,' says Soros as hedge fund managers make billions off recession

Last updated at 5:13 PM on 25th March 2009

George Soros said the current economic crisis has been the culmination of his life's work

A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.

Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.

But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.

And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
'It is, in a way, the culminating point of my life’s work,'...

 

We now have confirmation for one of the reasons Obama is prolonging the recession.

 

Please. This is just conspiracy theory nonense.

Many people other than Soros are going to benefit from this economic time. You know, what I'm going to benefit! I'm still contributing to my 401k. Guess what, I'm buying low right now. That's gonna make me a ton of money over 30 years.

 

Get a life.:rolleyes:

<pa deleted - LE>

 

So you're in favor of extending the recession for your own personal gain?

Regardless of who it hurts?

 

Certainly not. My point is that people do benefit from the recession, and not just the ultra-rich guys like Soros. Just because someone like Soros benefits from the recession does not mean that we "have confirmation for one of the reasons Obama is prolonging the recession".

People have benefited from every recession we've had. Many people benefited from the Great Depression. People benefiting from a recession does not equal an ulterior motive by the Administration to create/prolong that recession.

 

Neither does multiple people benefitting from the recession negate his assertion.

 

Many more are hurt than are helped. Your compassion for them is touching.:rolleyes:

Since democrats and liberals don't seem to have a problem suggesting that Republicans aid their "rich" corporate buddies through policy, it's not a stretch to believe that democrats would make policy to help one of their ultra rich contributors.

There has to be some underlying reason for the zero's boneheaded handling of the economy. Every move he has made seems designed to extend the recession. That's where he gets his "mandate" to spend trillions of dollars we don't have.

Either that , or he's just stupid. Like he believes all the rest of us are.

 

Make sure you don't contribute to any type of investments during this recession. If you do, then you have no compassion for people that are hurting during this recession.

Yeah, that's a great idea. Everyone should just stop investing during this recession! That would get us of out this mess out a lot quicker. :laugh:

I mean, heck, we wouldn't want anyone to benefit from this thing. It wouldn't be compassionate to people that are going through a hard time.

 

If you say so.

Do you actually have a comment on the subject?

 

The question, is do you have a comment on the subject? I've been attempting to talk about the subject at hand and you keep attacking me because of it.

The subject is that Soros is benefiting from the recession. You asserted that Obama is purposely putting us in a recession so that Soros can benefit. I assert that Obama is not purposely putting us in (or prolonging) the recession and I also assert that more people than Soros will benefit from this (including me and I assume you will also).

If you don't want to discuss these topics. don't post about them to begin with.

<off topic pa deleted - LE>

 

Don't you agree that democrats continually accuse Republicans of establishing policy to help their "rich corporate buddies"?

If so , why is it so far fetched to believe that democrats would do the same?

 

Closed by request of OP for being off topic.

LE