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Wednesday, October 12, 2011

George Soros was right about the Global Economic Collapse

George Soros predicted global economic collapse , George Soros is predicting Global Economic Collapse... We've been talking about it for nearly 18 months ~ He also stated that Gold is the Next Bubble to Burst... Which is True The protests in the Middle East ("Arab Spring") was about economics as much as about justice. Food prices have risen and many of the poorest members of society are feeling the pressure. ---------- The Slovaks made the right choice for their people. Greece should default. The actions of the bankers and Eurocrats will only prolong the agony. Better to let the bankers take the hit why is obama not addressing our nation about any of this>?

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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.