While most investors are worried about the sorry state of the global markets, Soros finds the economic gloom-and-doom “exhilarating,” and reckons a full-blown depression is inevitable. “I have to admit that actually I flourish, I’m more stimulated by the bust,” Soros said in an interview with the Times of London. “On the one hand, there’s the tremendous human suffering, which is very distressing. On the other hand, to be able to handle the situation is exhilarating.” This recession, Soros said, is a “once-in-a-lifetime event,” particularly in Britain and the United States.
– From Moneynews.com
You’re spot-on, Ross 🙂 Thanks!
Jim, based on your comment, you might be interested in doing some further reading on ponerology. Fascinating stuff. The brevity, accuracy, and calm delivery of your comment reminded me of this
resource: http://www.ponerology.com
Classic sociopath.
there are 2 economies:(1)goods and services (energy comes from labor and earth)(2)finance (manipulates money/credit i.e.the fruits of first economy.) the second is a parasite on the first.Soros is of the second as is the rest of the financial class that has bought our political representatives with the wealth extracted from working people thru interest rates and financial manipulation.he is a parasite-not good/bad, right/wrong. it’s his nature. study up on pre WW2 Germany. the similarities are stunning.Question:why would parasite feed so voraciously as to kill the host? ans:again,that’s their nature.enter host,cross bood-brain barrier,convince host you are part of him/her/it,feed until host dies and die.Another answer:financial class ruled by families that have intermarried over hundreds of years creating genetic anomalies. they are sick, sick people. do not expect reform,conversion.they see us as dumb beasts born to serve them, and be slaughtered in money-making wars.best question:how do you stop them when most good-hearted Christian people refuse to face the facts of what is being done to them?
mhelburn is right. The Moyers interview of Bill Black is a must-see.
This Moyers interview of Bill Black puts things in perspective. A minority of people brought us this meltdown and they have managed to maintain control to hide the losses and support the banks. Black tells it like it is… Finally someone is saying that AIG got special treatment to make sure that Goldman Sachs got paid… and Paulson was behind it.
They had the laws to deal with this… were mandated to close down the failing banks and refused to do it… These banks were not too big to fail.. Paulson was too crooked to obey the law.
http://www.pbs.org/moyers/journal/04032009/watch.html
The chosen people are just so compassionate and would never take advantage of others in such a situation. After driving over Rachel Corrie they would never back up over her.
Catherine,
My wife — an anthropologist by training — has long scoffed at economists, saying that they work in a narrow realm, blind to significant cultural and ecological forces. I cut my teeth on Ayn Rand (blushes)and von Mises, but came to think on them as hopelessly myopic. In the great spin of things I’d say free-market economies are inherently unstable. It is not that powerful men occasionally distort the market system which will eventually right itself, but that “the market” was always a temporary stability, and powerful men (let alone nature and grand movements of public feeling) will /always/ find a way to bend it. The economist’s conceit is akin to attempts at staying in that sweet spot between clumps of cars on a long stretch of freeway: it cannot be done for long. Prognosticators from Marx to Smith have tried their best and failed to capture the broad sweep of human endeavors. We can only muddle through with our broken, incomplete models and do the best we can.
–John
A few years ago when I was mostly indifferent to Soros (as far as character), I saw him interviewed on Charlie Rose. Soros was plugging his book. Charlie asked him something like “How did you go about righting the book? Did another writer help you type or ghostwriter or committee help you?” Soros said oh no, he woke up early morning for months to write.
I don’t know why exactly, but his answer and expression gave me this knee-jerk HE’S LYING feeling.
Maybe it had something to do with the idea of a speculative billionaire currency trader (***where time is money***) waking up early to write with a typewriter/word processor sounding like a complete farce. At least coming from Soros anyway.
Wow, after all these years waiting for the shoe to drop on our economy, I am amazed at how so many arrogant and truthful statements are being made by the big players. They are gazing at the banquet that has been prepared for so many years and their hunger is making their heads spin. Creepy indeed. Perhaps it’s because you feel like a side dish?
I would say that it sure ain’t free market and it also ain’t capitalism. There is a difference between free market capitalism and financial fraud and “anything goes”. It would be good if we could be accurate in our wording about all of this.
It’s one thing to be able to “handle the situation” when you can lose 90% of your acquired wealth and still live in comfort, and quite another thing to be much closer to the “human suffering” end of the scale. Mr Soros typifies the shark mentality that fuels the financial elite. To be fair, there is cold rationality about Soros and others of his ilk that fosters success, as defined by Go-Go standards developed in the age of capitalism. Soros has managed to keep one floot firmly planted in Free Market capitalism while openly and unashamedly dancing with his other foot in the liberal world of nanny government anti-capitalism. There’s something creepy about him.