Wednesday, April 8, 2009

George Soros: The Whole Banking System is Insolvent (Video)

Liberal financier George Soros on the economy and the banking collapse. This is the same man who said last month that is is "having a very good crisis", as his hedge fund managers make billions off recession.

Telegraph adds:

George Soros, the billionaire financier, helped unsettle markets by voicing fears that share prices had further to fall. In an interview, he said: "It's a bear-market rally because we have not yet turned the economy around. This is not a financial crisis like all the other financial crises that we have experienced in our lifetime."

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  1. Did you know that George Soros would not be a multi-billionaire if it were not for the international language Esperanto?

    Born in Hungary in 1930 as Gyorgy Schwartz, the family changed its name in 1936 to Soros, which in Esperanto means "to soar."

    The Soros name-change was an effort to protect the Jewish family from the rise of fascist rulers and the whole family spoke Esperanto at home.

    As a native Esperanto speaker, (someone who has spoken Esperanto from birth), George Soros defected to the West in 1946, while attending an Esperanto youth meeting in Switzerland.

    Esperanto enabled Soros both to defect, and to become the 28th most wealthy man in the World, according to the Forbes rich list.

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