Tuesday, June 28, 2011

George Soros Predicts Economic Collapse; But China Says Not So Fast!

Jim Trippon: Billionaire George Soros rattled a lot of teacups in Europe last weekend by predicting “economic collapse”.

The legendary investor declared, “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”

Is it time to panic? There are a lot of reasons to say no. And, it looks like stock markets are listening.

China (NYSE:FXI) has been an important player, buttressing confidence in Europe and even China itself over the past week.

More Here..


  1. As one can plainly see from this article; we are all joined at the hip. You have the classic
    scenario of the strong ( China ) propping up the
    weak ( EU ) and the jesters of the court running around like chickens with their heads cut off ( USA and it's little wars around the globe )

    The whole thing might as well be a new reality
    TV show - the whole friggin' thing is also one big quagmire of monumental proportions - it will
    be so interesting to see how long these countries can keep this baby afloat.

    Really interesting

  2. "Is it time to panic? There are a lot of reasons to say no. And, it looks like stock markets are listening."

    Whoever wrote this needs to take it up the fucking ass with a big dick going in their mouth.

    Fucking cocksucker. No time to panic? REALLY? FUCK YOURSELF. I can see all the empty homes in every neighbrohood along with food stamps being pulled out by almost everybody at stores (44 million households), people in their 30s moving back in with their parents, gold at 1500, and no job openings anywhere that there is no reason to panic.


  3. china's lending (acquiring hard assets/infrastructure/geopolitical tie's) while back home their local lenders are hiding over 1.5 trillion in debt beyond and above what is reported..seems unsustainable also..


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