George Soros
George Soros
George Sorosis a Hungarian-American business magnate, investor, philanthropist, political activist and author who is of Hungarian-Jewish ancestry and holds dual citizenship. He is chairman of Soros Fund Management. He is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds, making him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Soros is one of the 30 richest people in the world...
NationalityHungarian
ProfessionEntrepreneur
Date of Birth12 August 1930
CityBudapest, Hungary
I see tremendous imbalance in the world. A very uneven playing field, which has gotten tilted very badly. I consider it unstable. At the same time, I don't exactly see what is going to reverse it.
Misconceptions play a prominent role in my view of the world.
The financial markets play an active role in determining what's going to happen, how the economy is going to function.
These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities. They really kicked off this crisis. The state should set the rules and enforce them but not become involved as a market player.
No, because I've got the same courts that found me guilty in the first place.
I'm very worried about the supply-demand balance, which is very tight.
It will require, I think, the release of funds and perhaps even an increased package to bring stability, ... Everything that could have been done wrong has been done wrong.
Up to those amounts the countries concerned would be able to access international capital markets at prime rates. Beyond these, the creditors would have to beware.
As the housing boom cools off, there will be a shortfall in demand (which will) affect the global economy.
This asymmetry in the treatment of lenders and borrowers is a major source of instability in the global capitalist system and it needs to be corrected,
Something really is broken in the international financial architecture, ... We're now in the 20th month of financial crisis. Yet this crisis was brewing, it was the most anticipated crisis in recent history.
Now, I have not worked out the details, because I don't think it's for me to work out the details. It's for them to work out the details.
So I think what needs to happen is he needs to be removed from power,
I hardly knew the man's name, ... He really invented me. He needed me for his political purposes, so I'm a figment of his imagination.