In a Frontline interview, Soros predicted the meltdown of the world economy due to a naive understanding of global capitalism. He said,
Argentina is still in a sticky position; Mexico is still recovering, and the U.S. is in a period of slowdown. At least China and Malaysia are doing fine, but they have a different, "old world" structure where currency is not transferable, and where tarrifs are used to keep their markets from being flooded with foreign goods. Doing fine is relative, of course, since China in particular is doing irreperable damage to the environment.
The U.S., which initially cried fowl over Malaysia's move back toward a Keynesian system, is now monkeying them, blocking exports from Canada and elsewhere. Funny that while the world needs a few more Soros', the world needs less of the system Soros used to stimulate change.
As for us? Paul Martin said, "freer and fairer trade will lift more human beings out of poverty than all of the assistance programs in the world combined." Comedic buffoonery.
A couple of idiotic bits and pieces to eat your free time:
The West Formally Re-Attempts to Rape Developing Nations
Use of Synthetic Chemicals Scientifically Linked to Rising Cancer Rates
Environmentally Blind Theorist Claims Oil in Unlimited Supply
Soros' Frontline Interview
Because of the [1998 Global] financial crisis, we actually got lower interest rates and a new shot of stimulus. So we, if anything, benefited. It's very hard right now to convince people that there is something really wrong, because they don't feel it themselves.Guess what? The world hasn't recovered. And it's taking a further hit from the oil crisis - which, I might add, has not gone away, and shall only get worse in the next twenty to fifty years. We don't have to look very far to figure out that countries are still in trouble.
But if they look abroad, they can certainly see it. In my view, there is a very good chance that the next crisis, which may happen ... in the next new years ... could have a negative effect in our economy. If that were to happen before the rest of the world has recovered, then you would have a worldwide depression similar to what happened in the 1930s.
Argentina is still in a sticky position; Mexico is still recovering, and the U.S. is in a period of slowdown. At least China and Malaysia are doing fine, but they have a different, "old world" structure where currency is not transferable, and where tarrifs are used to keep their markets from being flooded with foreign goods. Doing fine is relative, of course, since China in particular is doing irreperable damage to the environment.
The U.S., which initially cried fowl over Malaysia's move back toward a Keynesian system, is now monkeying them, blocking exports from Canada and elsewhere. Funny that while the world needs a few more Soros', the world needs less of the system Soros used to stimulate change.
As for us? Paul Martin said, "freer and fairer trade will lift more human beings out of poverty than all of the assistance programs in the world combined." Comedic buffoonery.
A couple of idiotic bits and pieces to eat your free time:
The West Formally Re-Attempts to Rape Developing Nations
Use of Synthetic Chemicals Scientifically Linked to Rising Cancer Rates
Environmentally Blind Theorist Claims Oil in Unlimited Supply
Soros' Frontline Interview
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