Mega-billionaire George Soros said yesterday that the current European woes are more dangerous than the 2008 financial meltdown. Soros continued by saying that Europe's leaders may not be able to solve the situation. The statements got picked up in media around the world. So, what does this mean?
If the speaker were anyone other than Soros, I would believe that it was just a statement of concern about the need for Europe to get its house in order. With Soros, however, one always has to wonder what the real message is. Is Soros trying to push the currency markets into chaos in order to reap huge profits? Has Soros placed major bets against the euro so he is now trying to drive that currency lower? Is Soros trying to foment a leftist revolution in parts of Europe by attacking the adequacy of the current governments? There is no way to know from the reports what is actually behind Soros' announcements. We do know that Soros has profited in major ways in the past from disruptions in the world currency markets and that he helped promote some of those disruptions through his investments. We also know that Soros favors far left solutions to most political problems; he funds all sorts of organizations which push a Marxist view of the world.
The next time you hear a report about Soros' views, try to keep this in mind.
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