BMJ George Soros (3 0f 3) THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS

[alenblake38g]

Your vid is a favorite on Mexico

[itostrong923v]

Your vid is popular on Ethiopia

[007thday]

SNITCH!

[stealthpakfa]

soros = rothschild agent in america

[MustacheVerra]

This Jewish was a nazi collaborator. Don't ever forget that. he's lying in your face. What he and his friends want is more power.

[Truth4Power]

George Soros was a Nazi collaborator??

Uh, he was born in 1930, Nazi Germany fell in 1945. 

-So he was a pre-teen Jewish Nazi collaborator??

Don't let reality ruin a good story!!

[MustacheVerra]

I heard he was a Nazi collaborator yes. I'm pretty sure it's accurate.

[BergenFana]

Satan speak through this ruthless, inhuman piece of shit. He is definately one of the biggest enemy of humanity. He definately knew about this crisis and offers recapitalizing the banks and bringing up the cost of energy as solutions whereas I am sure he knows that these things brings the standard of living down and worsen poverty aroud the world

[bloggop]

All the time he mentions selfishness, the people have caused this crisis, NO FUCK NO AND FUCKING HELL NO we did not cause this crisis. It was engineered by the banker elite who have hijacked the govt, its a guilt trip so you won't feel to bad shelling out more money to the bankers!! We are on the road to tyranny if you do not wake up!

[taostoner1]

umm im pretty sure he said that the crisis was caused by lack of government regulation. and a separation between the people who owned the motgages and the people who were actually creating them.

[aodkijghtnemmifhjdjj]

wait... who was talking about the people causing the crisis? was it sean soros or george hannity? i'm so confused now - you just can't rely on a liberal media outlet to get the story straight...

[meonia11]

George wrote about it in the Alchemy of Finance. Same mistake 20 years later in the securitisation of mortgages. Should have been regulated against 20 years ago. Spanish banks didn't have this problem as they're banned from dealing in Mortgage backed derivatives. Usual feedback mechanism problem in financial markets. Greed/excess on the postive and Fear in the negative. As Warren Buffet says, it's unfair that he pays less tax than his secretary. Wealth distribution is perhaps the big problem.

[klaudie150]

Go to hell with you philosophy !!!!

[MyFreeCredit]

Entertaining to watch. Thanks for sharing.

[greatrighthope]

Global warming is a scam. George Soros and Maurice Strong want to run the world. Listen to him talk about Socialism..."it would have worked if the rulers had the interest of the people at heart" Someone like his guy would loead the world in real Socialism. Be afraid of this man and his global warming hoax. It is a way to get control "they cause the problem ("it is going to hurt") and then offer their solution. Watch as they move to take over the world. We are all mere pawns. Nice.

[Zeldovich]

great, apparently listening is not one of your skills on display here. When Soros says that, "socialism would have worked if the rulers had the interest of the people at heart" he implied that socialism cannot work, because individual selfish interests render it unworkable. The "agent/principal problem" make pure socialism or pure free market ideology fail. Listen to what he says near the end.

[greatrighthope]

Thank-you for your precious time. Please tell me the books that help you to be so enlightened? I did listen at the end. That is precisely what troubles me. He is offering a new way to govern and conduct business, a way that puts him and those like him in charge. I don't trust socialists (they demonstrate little to engender confidence) but what I have even less faith in is Billionaire Socialists. Oxymoron? You are really smart, you figure it out. BTW My listening good, spelling atrocious.

[Zeldovich]

This man knows more about capitalism than you probably ever will. That's why he's filthy rich and you probably aren't. If you call him a socialist, then you know nothing about socialism or capitalism.

[cris750]

George Soros, Please read my email and delete or read the others. I have the new economic philosophy. Read my email at your New York corporation office.

[KewazingaBabinga]

...and now quickly go and watch a GW Bush interview here on YouTube, and you should notice that Soros is a brilliant thinker while Bush is stupid dumbass idiot who fucked the entire planet....

[KewazingaBabinga]

I think the government should easy up on the bankruptcy laws (Bush fucked it up), let people go bankrupt on their credit cards, so they have cash to pay mortgages and buy things cash

Millions are falling behind on the credit cards which means the banks can sue and lock freeze people's bank accounts, which equals more homes lost, since people won't have any money to pay the mortgage. The president or the upcoming president and congress should act on this fast, it is bigger than most people think.

[tanibooboo]

This is a profoundly simple and elegant idea worth exploring-- I am not being a youtube/blogger smartass

If people are allowed to go bankrupt, they cannot borrow for years and must pay for what they NEED with cash (instead of what they want with credit) and maybe 7 years later the market will sort itself out.

The last thing we need is more credit!

[WhatIsNotSeen]

The Agent-Principal distinction was a brilliant addition to this very interesting interview. 5 *s!

[wawens]

Soros did make billions, but he is honest about it all now, and it was not illegal what he did. He knows how markets work whereas political pundits and journalists are often way off the mark. Further, Soros is genuinely trying to help now, its plain to see.

[rickpasorti]

Cindi3847 - Everything he says makes good sense (were you paying attention?). Surprisingly, the White House reversed course today 10/13 to begin funding banks (as he describes) and the stockmarket responded with "record" trading!

Is it a coincidence that his opinions and suggestions regarding how to hault the downward spiral had immediate response? And the White House's stumbling inept finance procedure cost the market - the American investors - about a Trillion in lost trading revenue failure!

[wawens]

Soros is an honest person. Rare to see these days.

[Cindi3847]

What asylum did you escape from. George Soros is the scum of the earth who has caused more people to loose everything they had because of his manipulation of the stock market. He makes Billions while the small investors loose their shirts. Look on line and read how he made billions by taking down a bank in England while investors became homeless.

[jburt56]

It need not be painful. Most of the crap we consume we don't need anyway. These consumer markets were just a fraud to industrialize the third world because the right wing didn't like foreign aid and was desperate to bust the unions. Thanks to derivatives we're all in debt to our eyebrows so that fixes the consumption problem.

[valhala56]

Maybe, maybe not. The people of the US were brought up and schooled in consumerism. People who have never known, what it's like to be cold, hungry, poor, really poor. When it get's really bad they will look for somebody to blame, In the middle ages they blamed the Jews for the Plague, The inquistion the same, Nazi Germany Jews again. BTW I am not Jewish, I'm just saying people will look for scapegoats. It may be illegal aliens, migrants. They will find someone to vent their anger at.

[valhala56]

I suppose another way to look at the situation is that Free Market Capitalism became like an addiction. The Investment world got more and more complicated leading to ever more complicated and exotic investment vehicles. I think the answer may be look addiction recovery, you have to get off of what your addicted too.

Also like an addict who reaches bottom, there is only two courses..Recovery or the outcome of the disease of addiction. Death.

[carlosvalenciatj]

Excellent analogy

[jburt56]

Plus people at the top have the weapons to be sure people at the bottom pay up. They'll probably claim that the derivatives debt represents the total liability incurred by the negative externalities from current cultural processes--ie our debt to nature. Of course they'll collect 10 bucks in interest for every dollar nature gets.

[jburt56]

Basically corporations, governments, banks all got gulled by the derivatives scam which has created a fictive liability requiring the entire solar system as collateral. Let's fire up those electrogravitic UFOs and mine the asteroids. Yahooooo!!