George Soros: “I’m having a very good crisis”
posted at 8:47 pm on March 25, 2009 by Allahpundit
It’s a comfort to know not everyone’s suffering in this horrible global recession. I guess sometimes the good guys do finish first.
Remember that Jake DeSantis letter to AIG this morning and how sympathetic it made you feel about the plight of our plucky financiers? Prepare to be cleansed.
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse…
And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
‘It is, in a way, the culminating point of my life’s work,’ he told national newspaper The Australian.
So saith the man who broke the Bank of England, twirling his new Snidely Whiplash mustache. Exit question one: What’s he going to do with that billion? The left could always use a few more media-watchdog smear sites, I guess. Exit question two: I do a lot of goofing on our more conspiratorial-minded readers — birth-certificate Truthers, NAU believers, Glenn Beck fans, etc — but since the news is slow, I’m going to throw it open in the comments. What dastardly secretive collusion does Soros’s windfall prove? Did he support The One because he knew that his economic plan would further ruin the global economy, enabling a Soros profit? Or did Obama do that for him unbidden, as a solid? I knew Geithner looked shifty!
Update: The obligatory bailout sketch re-post.
Blowback
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“Thailand blamed Soros and his hedge fund for setting off the Asian financial crisis in July 1997, which started when the Thai baht plummeted. He’s been so demonized there that some potential grant recipients have shied away from the Burma Project, unwilling to be associated with it. “Some get a little nervous to publicly have our support,” says Maureen Aung-Thwin, who heads the project out of a Fifth Avenue office in New York. And Soros himself hasn’t set foot in the country in years. In 2001 he canceled a planned speech in Bangkok because of the threat of protests.
”
http://www.rebound88.net/sp/world/soros.html
Rather than be called a nut, or conspiracy theorist…I rather see myself as suspicious.
capejasmine on March 25, 2009 at 10:10 PM
I say we tax the billion. 90%.
Terrye on March 25, 2009 at 10:11 PM
I guess I am a nutter, because I believe that Soros provided the bulk of the $500 million plus that the Obama campaign “raised” through “online donations.” We know that hundreds of false names were reported, we know they turned off the automatic credit card verification system, and we know that over $100 million magically appeared in September when Obama fell behind McCain in the polls. The whole campaign was one giant money laundering operation.
rockmom on March 25, 2009 at 10:12 PM
You Cons need to quit asking questions.
/sarc
Jamson64 on March 25, 2009 at 10:12 PM
I thought cons are against a rich hunt.
getalife on March 25, 2009 at 10:13 PM
Well, you’re the one who brought it up. The point that you tried to make (“no ideology is true in its purest form”) isn’t true. People will always try to take advantage of any ism, but only nihilism believes that nothing works.
JohnJ on March 25, 2009 at 10:13 PM
Liberals don’t mind profits, it’s what makes their sugar daddy government run when the profits are confiscated. Liberals are like 16 year old kids, who haven’t ever worked, but want the new car.
“WHAT??? You mean I have to PAY for a car????”
john1schn on March 25, 2009 at 10:14 PM
Not when they are commies.
Maxx on March 25, 2009 at 10:14 PM
what are you saying, are you done with capitalism? What do you want to replace it with? It’s not perfect system, but it is the best system we have.
Exit question. Do I want to know what you want to replace capitalism with. Probably not.
Lance Murdock on March 25, 2009 at 10:14 PM
They don’t even have to be young, I am amazed at the number of people who get moderately informed during the election and as of Nov 5th, they are done. But I agree sometimes their ignorance is bliss attitude in enviable.
Cindy Munford on March 25, 2009 at 10:15 PM
Lets take a bus tour to getalife’s house. I’ll bring some eggs and rocks. He made a lot of money in the market this week. I hate him.
swede7 on March 25, 2009 at 10:15 PM
Quid pro quo.
Johan Klaus on March 25, 2009 at 10:16 PM
swede7 on March 25, 2009 at 10:15 PM
Not as much as Soros but again, I thought cons were against rich hunts and bus tours.
Can cons make up their minds?
getalife on March 25, 2009 at 10:17 PM
I disagree. It isn’t that they hate profits, they just want the ability to say who gets what and how much.
A perfect example is Al Gore and his carbon trading firm based out of London. Gore’s firm could potentially make billions.
moxie_neanderthal on March 25, 2009 at 10:18 PM
So noted, when their beliefs serve to destroy the fabric (hello constitution) of our society I relish the opportunity to gut them as they breath, to instill fear, horror and paranoia in every second they exist. So is the duty of anyone that calls themselves a patriot!
dmann on March 25, 2009 at 10:19 PM
Can you have an independent thought or do you just mindlessly oppose anything a conservative or republican says?
JohnJ on March 25, 2009 at 10:20 PM
george maybe nobody has told you leave america alone go back to your communist roots and take your little president with you
wade underhile on March 25, 2009 at 10:20 PM
You are quite boring, yet wholly ineffective.
Patrick S on March 25, 2009 at 10:20 PM
JohnJ on March 25, 2009 at 10:20 PM
I am a proud Independent.
getalife on March 25, 2009 at 10:21 PM
No, we love profits made from honest work. Soros is a leech — he makes profits from dishonest work. When the dust settles and Soros reveals where he got his profits, we will undoubtedly find that the pockets the loose change came out of was ours. After all, he does hedging, which is a form of betting against us, and with the weight of his money, can force the hedge to go the way he wants.
If anyone deserves a 90% tax, there’s the man.
unclesmrgol on March 25, 2009 at 10:22 PM
I don’t know the rules, but I’m pretty sure that qualifies for a ban.
You need some anger management or something, dude. In all seriousness, seek help.
JohnJ on March 25, 2009 at 10:22 PM
You made money on wall street while single mothers with gout and shingles try to raise their children while working three jobs and taking care of their invalid grandparents. You are evil.
swede7 on March 25, 2009 at 10:22 PM
You know, you need to take a position and not flip flop.
That would be a squishy Republican.
I thought you were against those too.
getalife on March 25, 2009 at 10:23 PM
…who happens to support the entire liberal agenda. Let me guess, Bill Clinton’s felonies were all the workings of a deranged conservative imagination.
JohnJ on March 25, 2009 at 10:24 PM
getalife:
Yeah, you and Hillary Clinton are independents. Sure you are.
Terrye on March 25, 2009 at 10:25 PM
getalife — you cannot be independent when accepting money from the DNC
Jamson64 on March 25, 2009 at 10:26 PM
Purposely tank the economy for political gains? Nahhh….
Right?
Ruh roh
TastyPanda on March 25, 2009 at 10:26 PM
Just to be perfectly clear, the conservative position is to persuade through logic and reason, not violence.
JohnJ on March 25, 2009 at 10:26 PM
Now you are putting words into my mouth. I’m sorry that you disagree with me, but unless you want to ignore history that’s fine, most people do. Capitalism does has it’s fault: Look at the mess we are in today. But it is the BEST system we’ve got. That will not change.
To make you happy, free is one of my favorite quotes from Larry Kudlow, ” We believe free markets capitalism is the best path to prosperity.”
Lance Murdock on March 25, 2009 at 10:27 PM
Do you really want to spend your time defending them?
You have nothing to be proud of as just like all
lieingindependents you will be a perfect lil ObamaBot. Count this conservative as unimpressed.DannoJyd on March 25, 2009 at 10:27 PM
Obama’s economic saviour savaged as Keating lets rip
I win
econavenger on March 25, 2009 at 10:27 PM
Put me in the way back time machine when this guy was a nazi and 14 years old or not, I’d delight in pulling the handle and watch him swinging from the gallows pole. On second thought maybe “getalife” is his offspring and that might upset the whole timetravel thing, ya think?
GlocknRoll on March 25, 2009 at 10:28 PM
Soros reminds me of the character Orren Boyles {I think that is the name} in Atlas Shrugged. The guy who professed to be an industrialist, but who spent most of his resources buying polticians and their favors so that they would arrange things for him. He fed off of the real creators of wealth.
Of course people like getalife like the guy inspite of the fact that he is rich because he panders to them. They are hypocrites. Power to the People he said sauntering off to his private jet.
Terrye on March 25, 2009 at 10:28 PM
JohnJ on March 25, 2009 at 10:24 PM
You mean the lie about a bj.
No, that was his fault.
Not a fan of the dems but do support our President.
getalife on March 25, 2009 at 10:28 PM
As a general rule, I don’t believe that a conspiracy theory explains many of the issues we face. But with Soros’ money, he could be a one man conspiracy that might explain a lot of things.
(Yes, I know that a conspiracy, by definition, requires two or more people. But again, with that kind of money, a man can defy definitions).
RedSoxNation on March 25, 2009 at 10:29 PM
Wow! Well done!
DannoJyd on March 25, 2009 at 10:29 PM
Everything that you needed to know about George Soros is here, including the political action groups that he funds.
onlineanalyst on March 25, 2009 at 10:31 PM
If you make a decent living you will. Big time.
swede7 on March 25, 2009 at 10:32 PM
I applaude your effort as the ObamaBoat is sinking and he will be glad to have your shoulders to stand on as it goes down.
DannoJyd on March 25, 2009 at 10:32 PM
Yep, cry foul and bitch like a little girl. I say what I believe and make no excuses for the apparent lack of civility, which is only afforded after the killing is done and the victor so deems the need for reconciliation. Please study history; it may even open your jaded eyes!
As for the amateur psychoanalysis….please…….
dmann on March 25, 2009 at 10:32 PM
No, that’s not what I mean at all. Capitalism is like a law of nature. Corporatism is different. It is a legalistic construct of the 19th Century. Severe concentrations of economic power can be almost as dangerous as big government. It’s the old warning about too much power. More decentralization is better. The Libertarian-libertine attitude toward corporatism was one factor that led to this mess. It’s other face is “legalize drugs.” That is amoral and denies the effects of absolute individual freedom on a neighborhood, a town, a society. Shall we become Amsterdam? Is that a good idea?
Today, a rootless managerial elite is merged with a rootless political elite. They have no use for cultures or nations. Adam Smith wrote of merchants (small businessmen) and the invisible hand.
Feedie on March 25, 2009 at 10:34 PM
Thank you.
DannoJyd on March 25, 2009 at 10:35 PM
The problem is that we haven’t tried capitalism in it’s “purest” form.
JohnJ on March 25, 2009 at 10:35 PM
Yep, cry foul and bitc# like a spoiled little girl. I say what I believe and make no excuses for the apparent lack of civility, which is only afforded after the killing is done and the victor so deems the need for reconciliation. Please study history; it may even open your jaded eyes!
As for the amateur psychoanalysis….bite me
dmann on March 25, 2009 at 10:36 PM
According to President TelePrompter, Soros is one of the evil, greedy Wall Streeters.
Time for Soros to be patriotic. Part of the New Deal. Obama will chop up Soro’s company, before it becomes too big to fail.
TN Mom on March 25, 2009 at 10:36 PM
onlineanalyst on March 25, 2009 at 10:31 PM
WOW! After reading about dear comrade sorass and his ties to the child of the teleprompter and the rest of the dems all I can think is this guy has got to be got. Blackwater, you listening?
GlocknRoll on March 25, 2009 at 10:40 PM
Treason against the Citizens of the United States of America……
Seven Percent Solution on March 25, 2009 at 10:41 PM
THANK YOU for using the word corporatism/corporatist to describe the bastarded version of Adam Smith’s classic liberalism that these fools call the “free market.” I was accused of making up the word.
DeathToMediaHacks on March 25, 2009 at 10:41 PM
Comment Guy……
………. where is your research on Soros?
Seven Percent Solution on March 25, 2009 at 10:42 PM
Clenis didn’t lie about the BJ. He said he did not have sexual relations with that woman, Monica Lewinsky. So he thought a BJ with an intern was perfectly OK.
He was clever. You’re not. You are a waste of good bandwidth who pukes out the same crap, day after day, on one thread after another.
But we have fun laughing at you.
fogw on March 25, 2009 at 10:42 PM
Where’s the piano wire?!
apco on March 25, 2009 at 10:44 PM
Easy money.
Good for him and Soros for gambling, winning and not needing a bailout.
getalife on March 25, 2009 at 10:44 PM
Thanks……
…….. just imagine if we didn’t have this forum to share information, thoughts, or humor.
Sheeple………….. indeed!
Seven Percent Solution on March 25, 2009 at 10:50 PM
We could get along … after you finish the course on finesse. It isn’t a crime to be reganesque.
DannoJyd on March 25, 2009 at 10:56 PM
I just wonder if he is getting his money’s worth out of the Messiah?
d1carter on March 25, 2009 at 11:01 PM
Strange times indeed. :-)
Feedie on March 25, 2009 at 11:01 PM
“Time waits for no man”…..and if you can put lips to that quote you’ll understand MY frustrations. This is a blog, I can be an ass, its cathartic. Real life requires dancing…..I’m a white guy ;-)
dmann on March 25, 2009 at 11:05 PM
“Did he support The One because he knew that his economic plan would further ruin the global economy, enabling a Soros profit?”
You’re mighty sarcastic for someone who has such a crappy track record of calling the future.
leetpriest on March 25, 2009 at 11:09 PM
Read about what Soros did after 9-11. His excuse for causing a market plunge? “Hey somebody was going to do it. Somebody was going to make millions profiting from this tragedy. Why not me?”
And it’s like he didn’t even realize what he was revealing about himself saying that.
Just like getalife has no clue what he’s revealing about himself commending Soros and Paulson for profiteering off of economic disasters that harmed America.
manofaiki on March 25, 2009 at 11:13 PM
Does anyone know who started the markets tanking on Sept. 11-14, 2008?
I remember reading about a congressman(?) saying ‘Fed & Treasury were notified that 50 Billion disappeared from the market in 5 hours during Sept. 11-14, 2008.’ It was a ‘house of cards’ thing.
This is what spooked the Fed and sent them running to congress for TARP I……
Somebody moved the money. Someone knows………..
TN Mom on March 25, 2009 at 11:21 PM
maybe Soros knew exactly what was going to happen with the Perfect Politically timed Financial Crisis in Sept. and played the market accordingly?
Good for Soros, Good for Obama
jp on March 25, 2009 at 11:23 PM
Soros alive more proof that Cheney’s assination squads don’t exist. Soros is worse than Moore, Gore, Carter, and Obama combined. That Nazi sympathier should get one right between the ears.
lavell12 on March 25, 2009 at 11:29 PM
That was nicely done. Notice that Proud Rino, who asked for specifics, slunk off with his tail between his legs and never responded?
a capella on March 25, 2009 at 11:32 PM
The only thing more repulsive than a slimy international financier who brags about profiting from American tragedy and economic disasters are people who try to defend them on blogs like this one.
manofaiki on March 25, 2009 at 11:41 PM
Someone who plays the market well is someone who is pessimistic while others are optimistic. Soros would be that contrarian, EXCEPT that by believing in communism, he would lose money if that overtook capitalism. But the dude’s on death’s doorstep, and let’s face it. That’s when most fools are parted with their money. He’s just a douche.
chunderroad on March 25, 2009 at 11:46 PM
Soros is a Socialist… pure and simple…. power is his goal at all costs… why is it so hard to understand?
MNDavenotPC on March 25, 2009 at 11:57 PM
Thank you. Yes, I just came back and checked the thread. Discover the Networks is a great site. When he scoffed like that about specifics I knew exactly where I could find the info.
INC on March 26, 2009 at 12:03 AM
Here’s their list of the Leftwing Millionaires Club with this explanation:
INC on March 26, 2009 at 12:06 AM
getalife on March 25, 2009 at 10:28 PM
Oh I do support the office of the President, when he serves the American people and upholding his duties under the constitution and not trying to take over every industry he can while simultaneously pushing support for bills that are gigantic slush funds for organizations like ACORN.
Tp paraphrase you libs, I support the President, I dont support his mission.
Opportunity Costs on March 26, 2009 at 12:11 AM
Question here! May I? Who said this?
radiofreevillage on March 26, 2009 at 12:13 AM
I’ve been saying for weeks, find out how Soros and the other Move On billionaires are doing in this market and you’ll have a much clearer idea if the market is being driven down with collusion and profiteering in mind. Looks more and more like Soros’ half-billion plunked into the Obama campaign was more investment than donation.
Chaz on March 26, 2009 at 12:28 AM
Soros also owns two million shares of Halliburton.
lavell12 on March 26, 2009 at 12:46 AM
I’ve been hoping for a while that somebody bumps this guy off.
lavell12 on March 26, 2009 at 12:50 AM
God I love Soros.
Terry Silver on March 26, 2009 at 12:53 AM
you and me both
funky chicken on March 26, 2009 at 12:58 AM
When dealing with liberals, of course not. The rich have been hunted for decades by you and your socialist pals, and now you commend one of the rich for doing what you would thoroughly denigrate any rich conservative for doing, you two-faced little lump of weasel shit. I’ve had it with you and your hypocritical ilk, setting the rules and breaking them when those rules are used by your political opponents. You’re dishonest swine, destroying the freest nation in history, and for the sake of spewing your own fanatical and acid-borne palaver. You haven’t a shred of integrity within your corpulent hide, and with all seriousness and intensity, I hope that the dismal future of this economy hits you and yours hardest of all, and you reap the fetid afterbirth of your vile fetish for chaos.
MadisonConservative on March 26, 2009 at 1:00 AM
George Soros–personally responsible for the fact that more impoverished Thai peasants had to sell their young children into sex slavery in the brothels of Bangkok. Yeah, just a hell of a guy.
funky chicken on March 26, 2009 at 1:06 AM
This just in….The Mexican Drug Gang Killings are just a pretense for an American invasion in order to secure more beachfront property for Soros…This per Mini Me
I wish our Austrian would Terminate this wanted man.
Gohawgs on March 26, 2009 at 1:59 AM
Good news: Soros currently only has a little over a billion left in his personal PAC. The bad news is that he and his ilk will have destroyed this country long before they run out of money.
The Open Society Institute:Assets: $858,935,162 (2005)
Grants Received: $377,413,561 (2005)
Grants Awarded: $65,934,588 (2005)
The fact that his organization has an Orwellian sounding name is no doubt lost upon Soros.
moxie_neanderthal on March 26, 2009 at 2:30 AM
Who lives in his Mother’s basement.
Gohawgs on March 26, 2009 at 4:38 AM
Anyone who doesn’t think that Obama, Axelrod and their gang doesn’t speak with Soros on a regular basis is a fool. Further, if you don’t think Geitner saying “the administration is open to a global currency” was a tip of his hat to Soros’ shorting the dollar, you’re naive. As decent people we generally give people the benefit of the doubt, but Obama and his gang aren’t decent people, and they’re proving it every day. They’re tanking the economy for power ant profit. No one in the Treasury Dept yet? Pleeeeease.
marklmail on March 26, 2009 at 7:08 AM
I’m not at all a fan of Soros, and, usually, I ignore the hell out of getalife, but I think he’s correct on this one.
Good for George. He saw his opportunities (opportunities that are available to us all) and he went with them. And he can do with his money whatever he pleases (just as you and I can).
I wish I was as clever.
If these opportunities are going down the tubes, if the freedom to spend our money as we please is gradually being taken away from us, that’s our own damn fault.
misslizzi on March 26, 2009 at 7:37 AM
Me three!!!!
becki51758 on March 26, 2009 at 7:45 AM
Please. Do these trolls have no life?? Every single morning, I come here with my coffee and am astounded at the hours and hours of trash perpetuated by them! Good Lord, I hope they’re getting well paid.
anniekc on March 26, 2009 at 7:57 AM
I’m sure there’s a special place in hell for this man.
bluelightbrigade on March 26, 2009 at 8:03 AM
This is an excellent, excellent way to get banned. Cut it out.
DrSteve on March 26, 2009 at 8:13 AM
How are these opportunities available to all of us? And if that’s true why would it be ok to use it the way Soros has? Everything these days has become incredibly complicated, and unless you’re devoting quite a chunk of time to studying this economic/political mess, you probably have no idea what’s being done to this country. Whatever happened to personal responsibility? Why is a person like George Soros exempt from it? Personally, even if I understood how to do what Soros did, and had the cash to start with, I would NOT do it.
4shoes on March 26, 2009 at 8:15 AM
AP, what is your issue with Glenn Beck fans? Got something against people who have more sense and intelligence than the average blog moderator?
hogfat on March 26, 2009 at 8:37 AM
Wall Street got rocked Tuesday by a “debt bomb” economists have worried about for decades.
Hours after the United Kingdom failed to attract enough buyers for its auction of $2.5 billion of 40-year bonds, the United States Treasury had similar difficulties with its sale of $34 billion worth of five-year notes and was forced to raise their interest rate to a much higher yield than had been anticipated.
Such problematic debt offerings came on the heels of Germany having two failed auctions of its bonds already this year.
Treasury 10-year note yields rose the most in more than two weeks after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand. …
President Barack Obama’s government is selling record amounts of debt to revive economic growth, service deficits, and cushion the failures in the financial system. Debt sales will almost triple this year to a record $2.5 trillion, according to estimates from Goldman Sachs Group Inc.
What most Americans may not yet understand is that the vast majority of the debt that the Obama administration intends to incur, not just this year but for years to come–assuming it can find the requisite creditors–has nothing to do with the present financial crisis. Rather, Obama intends to finance a grotesquely swollen federal government, with socialized medicine just one item on the agenda, by borrowing the money. How to pay it back? Hey, not our problem–Obama will be out of office by 2017 at the latest, so paying off trillions in needless debt will be up to our children. (powerline)
To think, getalife keeps telling us that Obama has fixed our economy…
Keemo on March 26, 2009 at 8:46 AM
Ya think?/
Disturb the Universe on March 26, 2009 at 8:47 AM
Where are the ACORN mobs? Why no bus tours past his home?
Disturb the Universe on March 26, 2009 at 8:48 AM
Someone above said getalife made a lot of money in the market last week. I think a lot of people did. But, I wonder if he’s a day trader since he seems to have all day and night every day practically non-stop to post.Either he’s that, or a hot air plant or he really does need a life or….
jeanie on March 26, 2009 at 8:51 AM
jeanie on March 26, 2009 at 8:51 AM
Brain transplant would be the only possible cure…
Keemo on March 26, 2009 at 9:08 AM
HA HA HA HA HA HA HA HA HA
Oh that was good. Good joke there, but seriously, so what is the talking point your masters in washington put out today?
sonofdy on March 26, 2009 at 9:27 AM
FIFY
bluelightbrigade on March 26, 2009 at 9:28 AM
EVIL
pseudonominus on March 26, 2009 at 10:14 AM
I’ve wondered about some of the late rallies in the stock market. Take yesterday. The market tanked after Geithner’s misstep on dropping the dollar for a “world currency”.
But at the last minute, it shot WAYYYY up, putting it in positive territory for the day.
I dont’ BELIEVE it’s happening. But couldn’t a cabal of rich liberals, and their influential friends at the financial services companies, manipulate the markets for their ends?
The reason I don’t think it’s happening – people act out of greed, moreso than power. Rare is the person who would try to game the markets for political purposes.
hawksruleva on March 26, 2009 at 10:21 AM
To answer your first question, I’m not exactly sure, but I doubt anyone could stop me from playing the market, if I had the money, the way Soros and others are able to.
Secondly, I’m not saying that I approve of how Soros spends his money. Rather, I disapprove of anyone being told what to do with their money, whether I approve of their spending habits or not.
Thirdly, I agree with you that I have a quite limited idea of what is being done to this country and I do, in fact, take my share of personal responsibility for my ignorance and for the consequences of my ignorance, as I clearly exclaimed in my previous post.
If only I had his financial acumen, I’d do everything within my means to responsibly reverse whatever Soros has done.
Hell, I should be doing that, regardless of my current financial situation.
misslizzi on March 26, 2009 at 10:24 AM
Maybe a 90% tax would be appropriate
faraway on March 26, 2009 at 10:42 AM
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