Tuesday, May 27, 2008
Dr Evil Has His Say
Timesonline: George Soros: The economy’s doomed
‘It’s like a Greek tragedy,” says George Soros, with a smile playing around his lips. “You can see the trouble coming and you can’t avoid it.”
Posted by mrmickey @ 12:40 PM (506 views) Add Comment
9 Comments
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1. drewster said...
Times: "Which currency will take the dollar’s place?"
Soros: “No other currency is sufficiently attractive. They’re all overpriced. So there’s a general flight from investing in currencies to commodities - and that partly accounts for the explosion in the price of oil and food.”
Whatever takes the dollar's place, it needs liquidity and fungibility. Gold is one option; commodity futures (including oil) are another. Commodities have a certain buzz about them, and much of the same 'logic' that property had during the boom - "There's a finite supply of property oil / copper / wheat; People will always need somewhere to live heating / food / building materials".
Commodities have been popular for a while now though, it's hard to tell when they'll peak. I think the gold era will come after the commodities bubble has burst. That could be a couple of years away yet, or it could be tomorrow.
2. paul said...
*DING DING DING*
Congratulations! You've used the word of the day - "fungibility"
(my bad for hotlinking)
3. sold 2 rent 1 said...
The calls for a single world currency have begun already.
The flaws in the debt-based monetary system have been known and expoited by the eilte for centuries.
This IS a conspiracy.
The sooner you all take your fingers out of your ears and stop saying LA LA LA LA the better.
The "fifth night" destruction continues.
As the Calleman/Lungold model suggests this is the biggest evolutionary test since WW2.
Not everyone made it through then.
It won't be as bad this time but there will still be casualties.
Will you be one of them?
4. planning4acrash said...
A gold standard is the only true global currency. The only way for global governance, yet, they need fiat to maintain control. So, i expect a split world, a divided federation, as predicted by george Orwell, Oceana, East Asia and West Asia+wartorn equator
5. drewster said...
@paul - ahhh, I love that cartoon :-) It's very true, but there are reasons to want higher fuel efficiency other than just terrorism. The less we spend on oil (both as individuals and as a country), the more we have to spend on other things.
@s2r1 / p4ac: Have you seen the movie "Endgame: Blueprint for Global Enslavement" by Alex Jones? It discusses the same ideas of a three-part world government, as well as all the other major conspiracy theories of our time.
6. planning4acrash said...
Yes, I am increasingly believing that Orwell had insider knowledge. His receipt of a flattering presidential letter two days before his death, just before finalising 1984 is highly suspicious.
7. sold 2 rent 1 said...
drewster,
Just found this
Peak Oil Scam Part One
http://www.youtube.com/watch?v=ukW9zveKKwk&feature=related
We have a masive information war with:
Peak Oil
Climate Change
9/11 / war on terror
Fed Reserve being a private bank
At some point one side of all these arguments has to collapse and the truth about the reality will come out.
Roll on 6 July 2008
Remember blogger happyrenterz is back from his Buddhism course in August.
I said the world would have changed by then
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