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Wednesday, April 21, 2010

George Soros Talking the Euro to Death

First it was the “Death Spiral,” now it is the “Death Circle.”

George Soros told a Greek TV station last night that the government in Athens is facing the prospect of both recession and falling budget revenue if yields on Greek debt remain this high.

Monday, April 19, 2010

George Soros on the Economic Crisis

George Soros Perspectives

Financier George Soros, who initiated the Institute with a $50 million gift, gives his perspective on the Institute and some of the huge issues facing economists in the 21st century.

Soros: Euro, EU Will Collapse if Germany Does not Make Concessions

George Soros :“The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not anymore,” Soros recently told Corriere della Sera. “That’s why the European project is stalled. And if it can’t go ahead from here, it will go backwards. It’s important to understand that if you don’t make the next steps forward for the euro, the euro will go to pieces and the European Union, too,”
George Soros on The Milan Based Italian News Paper Corriere Della Sera

Sunday, April 18, 2010

Who is George Soros ?

Who is George Soros

George Soros, born Gy├Ârgy Schwartz,Hungary , he experienced the Nazi occupation of Hungary. Being Jewish, he was forced in 1936 to change his name. He fled the communist regime in 1947 to Great Britain. In 1952, he studied at the London School of Economics under the anti-communist philosopher Karl Kopper . In 1956 he emigrated to the United States with an idea in mind: to win half a million dollars. This was achieved, is fortune now stands at 14 billion dollars, which makes him rank at 35th on the Fortune Global Forbes's list of 2010.

Just installed, he creates his first investment fund The Soros Fund, which will be the cornerstone of the financial empire, Soros. In 1973, he founded Quantum Fund with Jim Rogers. For ten years, this fund will beat all records with earnings consistently exceeding 30%.

The general public finds out during the Great Depression of 1992. In speculating on a decline in the pound sterling, it causes such as fluctuations in the pound was forced out of the monetary system. This stunt earned him win nearly one billion in one night and being nicknamed "the man who blew up the bank of England."

But George Soros is not only an a outstanding speculator , he is also an unmatched philanthropist . With Open Society Institute that brings together twenty foundations whose aim is to defend human rights and promote democratic governance, it extends its influence in the political arena. George Soros describes himself as a "stateless head of state.

The man who wanted to be a philosopher and writer looks forward, building on its foundation, participate fully in the transformation of society. He, the speculator, as admired as criticism, has become the scourge of excessive liberalism and unbridled capitalism.
Powerful and rich, it is not unusual that George Soros lends money to the states. A Russian emissary who demanded an additional loan, he replies curtly: "Do not it becomes a habit! "Referring to a previous loan that was granted to Boris Yeltsin that it maintain its commitment to pay pension arrears.
Quotation :
"When we realized that the misunderstanding is the lot of the human condition, there is no shame in being wrong, but only to fail to correct the mistakes. "

Wednesday, April 14, 2010

George Soros The INETeconomics speech

George Soros Chairman of Soros Fund Management LLC and founder of The Open Society Institute
Some of the leading Advisory Board members explain the need for the Institute, its ambitious mission, and suggest some of the goals they hope the new organization will accomplish.

Friday, April 9, 2010

Soros Says Greece Should Pay Concessionary Rate on Loans

April 9 (Bloomberg) -- Billionaire investor George Soros talks with Bloomberg's Francine Lacqua about the prospect of Greece calling for emergency loans to fund its budget deficit.

Thursday, April 1, 2010

George Soros on Charlie Rose

A conversation with George Soros, Chairman, Soros Fund Management. A conversation with actress Helen Mirren about her book In the Frame: My Life in Words and Pictures

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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.