George Soros: US Banking System "Basically Insolvant"

[Palatka51]

The U.S. economy is in for a "lasting slowdown" and could face a Japan-style period of relatively low growth coupled with high inflation, billionaire investor George Soros said on Monday.

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I find it quite interesting that this man has made billions by short selling stocks. For the past week our market has been up and with this timing it seems that he is influencing the market to turn down again. It is he that was the largest contributor to Obama's election.

 

[carpro]

Soros makes money off the misery of others. He likes it that way and supports politicians who use the economic misery of some to try to cause the economic misery of others.

IE Liberals and democrats

 

[billwald]

But is US currencies in worse shape than other major currencies?