George Soros Predicts Global Economic Collapse.

Greece is on the verge of default and America isn't far behind. The people of both countries lately have been protesting the economic situations and are asking for major change. Are these two situations related? Is there hope for a recovery? Demetri Kofinas, RT contributor, gives us the latest on this economic catastrophe.

Soros Heir's Village Townhouse Listed for $29.5 Million

A mid-19th century four-story townhouse on West 10th Street was listed yesterday for $29,500,000. The 21 room (7BR, 8.5BA), 26-foot wide house was purchased by Andrea Soros Colombel, daughter of billionaire George Soros, in 2006 for $11,500,000 and given a thorough renovating.

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George Soros & Open Society Institute Philosophy

George Soros & Open Society Institute Work and Philosophy

Open Society Institute chairman and founder George Soros shares his latest thinking on economics and politics Soros discusses the concept of open society, which has guided Soros's global philanthropy, as well as the potential for conflict between capitalism and open society. The work of the Open Society Foundations is infinitely complex. This film, featuring George Soros, Chris Stone, board members, staff, and grantees, seeks to capture the emotions as well as the facts, the passions as well as the strategies, and the ethics as well as the histories that make the Open Society enterprise so impressive.

Soros Resumes Donations to Help Democratic Candidates

Democratic heavyweight George Soros keeps inching his way back into partisan politics.
The latest evidence: Mr. Soros donated $100,000 in August to a super PAC created to help Democrats win control of the House in the November election.
The contribution, tucked into a fundraising report released late Thursday night, is the latest evidence that Mr. Soros’s self-imposed hiatus from election politics may be coming to an end after nearly a decade. source The Wall Street Journal : read more >>>>>>

George Soros Buys Manchester United Stocks

George Soros reveals major stake in Manchester United. George Soros' hedge fund spends $40mn on shares in club. Players' salaries have made them multi-millionaires. EPL stars see 1508% salary increase since 1992. TV revenues allow for higher player wages. Players can move freely between EU clubs once contracts expire. Clubs have more firepower. Wayne Rooney makes $20.5m a year. Yaya Toure makes $16.4m as does Carlos Tevez. But Baseball is the most lucrative. Alex Rodriguez makes $25m. American athletes make more than footballers. Baseball players make the most. NBA is the greatest in the world.

Billionaire George Soros Bets Big on Gold

According to Bloomberg News,  Paulson & Co. and Soros Fund Management bumped up exposure to SPDR Gold Trust to 21.8 million shares and 884,000 shares, respectively. Paulson & Co. now has 44 percent of its $24 billion fund exposed to bullion.
On Wednesday, according to Reuters,  gold began to rebound after two straight losing days with spot gold climbing to $1,604.35 an ounce, up 0.4 percent.  According to CNBC, in the previous four months gold has had a difficult time moving beyond a $1,525 and $1,680  range.

George Soros Getting Married To Girlfriend Tamiko Bolton

(Reuters) - Billionaire investor George Soros had a lot to celebrate on Saturday evening: his 82nd birthday and the engagement to his much younger girlfriend Tamiko Bolton. Soros and Bolton, who met in the spring of 2008, formally announced their engagement at a party at Soros' summer home in Southampton, New York attended by a small group of friends and relatives, according to a person familiar with the trader. Soros proposed to Bolton, 40, a few weeks ago during a weekend visit to the Hamptons, a summer beachside colony on Long Island frequented by New York's wealthy.
Source : Business Insider : George Soros Is Getting Married To Girlfriend Tamiko Bolton>>>>>

Alexander Soros talks about His Foundation

Alexander Soros, philanthropist and son of billionaire investor George Soros, talks about the Alexander Soros Foundation and his father. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)At a party held on a sprawling, seafront farm in Bridgehampton Saturday evening, Alexander Soros, the 26-year-old aspiring academic and son of business magnate George Soros, took off his mask. Literally. "I'm a bad mask-wearer," the younger Mr. Soros said as reported by the Wall street journal

George Soros speech on The Eurozone Crisis in The Festival of Economy Trento Italy 02/06/2012

George Soros speech on The Eurozone Crisis in The Festival of Economy Trento Italy 02/06/2012

George Soros :" Ever since the Crash of 2008 there has been a widespread recognition, both among economists and the general public, that economic theory has failed. But there is no consensus on the causes and the extent of that failure. I believe that the failure is more profound than generally recognized. It goes back to the foundations of economic theory. Economics tried to model itself on Newtonian physics. It sought to establish universally and timelessly valid laws governing reality. But economics is a social science and there is a fundamental difference between the natural and social sciences. Social phenomena have thinking participants who base their decisions on imperfect knowledge. That is what economic theory has tried to ignore. Scientific method needs an independent criterion, by which the truth or validity of its theories can be judged. Natural phenomena constitute such a criterion; social phenomena do not. That is because natural phenomena consist of facts that unfold independently of any statements that relate to them. The facts then serve as objective evidence by which the validity of scientific theories can be judged. That has enabled natural science to produce amazing results. Social events, by contrast, have thinking participants who have a will of their own. They are not detached observers but engaged decision makers whose decisions greatly influence the course of events. Therefore the events do not constitute an independent criterion by which participants can decide whether their views are valid. In the absence of an independent criterion people have to base their decisions not on knowledge but on an inherently biased and to greater or lesser extent distorted interpretation of reality. Their lack of perfect knowledge or fallibility introduces an element of indeterminacy into the course of events that is absent when the events relate to the behavior of inanimate objects. The resulting uncertainty hinders the social sciences in producing laws similar to Newton’s physics..........."

George Soros Pushes for Eurobonds

George Soros urged the Eurozone to start a new fund to buy Italian and Spanish bonds paid for by issuing so-called Eurobond. German Chancellor has already ruled that out. Germany's stance on Eurobonds could force Greece out of the euro.


Michael McKee -

"George Soros is going to be very disappointed. It's not going to happen. The things he is talking about are going to take a very long period of time. Investors want to know what's the short-term that will get us to the medium-term! The Europeans don't have anything to address those questions"


[Is this EU 2-day Summit going to accomplish somehow what some of the other meetings have not?]

"No it's not [Beautiful]. It's the 19th meeting they've had since the beginning of the crisis. It's going to end like all the others. With a statement saying we've made incremental progress on these things, we're getting there but it's important for Greece to stick to its austerity program. They're going to keep talking. There are no grounds for a breakthrough".

George Soros is Buying Gold

Billionaire George Soros has been back buying Gold , and this on its own has probably given a lift to the gold price, with many big money investors likely to see that as a lead to follow.Billionaire George Soros bought more gold in the first quarter of 2012, more than trebling his clients' stake in the big New York-listed SPDR Gold ETF according to a report .

Soros : Europe is similar to the Soviet Union

George Soros : “Europe is similar to the Soviet Union in the way that the euro crisis has the potential of destroying, undermining the European Union,”
“The euro is undermining the political cohesion of the European Union, and, if it continues like that, could even destroy the European Union,” said Soros in comments reported by the Wall Street Journal. “With the profound social, economic and moral crisis that Europe is in, we can see a similar process of disintegration.” “You can grow out of excessive debt , you cannot shrink out of excessive debt,” said Soros. - in cnbc

Soros: Next French President Unlikely To Stand Up To Merkel

The French president who will be elected after the runoff vote on May 6 is unlikely to stand up to German Chancellor Angela Merkel on European issues as the country's economic situation will remain weaker than Germany's, U.S. billionaire investor George Soros said Thursday in an interview with French weekly magazine L'Express. - in nasdaq.com

Soros : Reversing Europe Renationalization

NEW YORK – Far from abating, the euro crisis has taken a turn for the worse in recent months. The European Central Bank managed to relieve an incipient credit crunch through its long-term refinancing operation (LTRO), which lent over a trillion euros to eurozone banks at one percent. This brought considerable relief to financial markets, and the resulting rally obscured underlying deterioration; but that is unlikely to last much longer.
The fundamental problems have not been resolved; indeed, the gap between creditor and debtor countries continues to widen. The crisis has entered what may be a less volatile but potentially more lethal phase.
At the onset of the crisis, the eurozone’s breakup was inconceivable: the assets and liabilities denominated in the common currency were so intermingled that a breakup would cause an uncontrollable meltdown. But, as the crisis has progressed, the eurozone financial system has been progressively reoriented along national lines.- in project-syndicate
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George Soros on The Future of Europe

April 13, 2012 : George Soros, Chair of Soros Fund Management at the panel entitled "The Future of Europe" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. Soros discusses his general theory of reflexivity and its application to financial markets, providing insights into the recent financial crisis. The third and fourth lectures examine the concept of open society, which has guided Soros's global philanthropy, as well as the potential for conflict between capitalism and open society. The closing lecture focuses on the way ahead, examining the increasingly important economic and political role that China will play in the future.

Soros : European Crisis Has Entered Potentially More Lethal Phase

George Soros :"The fundamental problems have not been resolved; indeed, the gap between creditor and debtor countries continues to widen. The crisis has entered what may be a less volatile but potentially more lethal phase. At the onset of the crisis, the eurozone’s breakup was inconceivable: the assets and liabilities denominated in the common currency were so intermingled that a breakup would cause an uncontrollable meltdown. But, as the crisis has progressed, the eurozone financial system has been progressively reoriented along national lines." Soros wrote in an op-ed piece published on Project Syndicate - via project-syndicate

Soros : The Euro is broken and needs to be fixed

George Soros : “The fiscal compact is going to push Europe into a deflationary debt trap with potentially catastrophic consequences,” . “This can be prevented if only it’s recognized there’s fundamentally something wrong with the rules of the euro.” Soros said today at a book party in Berlin He explained that Europe’s fiscal compact to promote budgetary discipline can’t work in its current format, while the euro is “broken and needs to be fixed.” - via Bloomberg

George Soros - EU faces lost decade

George Soros - EU faces lost decade .EU crisis entering chronic phase .The crisis is changing from the acute phase to the chronic phase, where a very important role is played by the European Central Bank (ECB).The ECB in recent weeks has been creating money at a very rapid rate to make sure banks have enough funding. The second round of long term financing the ECB will make available to the banks in a few weeks will be much larger than the initial amount. This might be the ECB's indirect way to finance sovereign debt of countries with problems as Greece

George Soros : a Billionaire Advice for Economy !

George Soros : a Billionaire Advice for Economy"CNN Report Fareed Zakaria Interview

Soros : Europe Defenses for Greece Too Weak

Billionaire investor George Soros says that austerity and structural reforms must be tackled in Europe , He talks about the European debt crisis and the global economic outlook with Bloomberg TV from Davos Switzerland during the Davos 2012 meeting January 27 2012

George Soros : the European debt crisis could be worse than the 2008 crisis

Billionaire investor George Soros, and Soros Fund Management chairman, is warning that the debt crisis in Europe could end up even worse than the financial crisis of 2008. "because then you had the authorities to deal with it. the federal reserve and the treasury. and in the case of Europe, you have the central bank, but you don't have a common treasury. and you have to create it in the process of the crisis. which is this EFSF " George Soros said

George Soros warns of economic calamity

George Soros : “I am not here to cheer you up. The situation is about as serious and difficult as I've experienced in my career."
“We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.” - In a Newsweek exclusive

Soros : possible Break-Up of the Euro with catastrophic consequences

Billionaire George Soros chair of Soros Fund Management, Warns of the Risk of Euro Break Up , He told CNBC, "the markets are beginning to price into the market, the possibility of a break-up of the euro, which in my view would have catastrophic consequences, not only for Europe but for the entire global financial system because of the interconnectedness."

George Soros : Gold Bubble on Brink of Bear Market

Two years ago Billionaire investor George Soros called it the “ultimate asset bubble,” , Soros sold most of his shares in gold trust in the first quarter of the last year though he did buy some spider gold trust shares in the third quarter of 2011