Thursday, August 4, 2011

Soros: Euro Exit Mechanism 'Inevitable' Amid Debt Crisis - Is he a wonderful human being or what?

Soros is not my favorite person due to his political views. However, if he sells the Euro short I'm sure he is about to make another billion dollars. He is correct in thinking that the Greece crisis will cause the European union to falter and even crack. Spain will follow. Ireland is not far behind in a debt crisis. The entire union is unraveling in a debt crisis and Germany and its citizens are growing weary of bailing all these welfare states out of trouble when they are working 50 hour weeks and constantly presenting responsible budgets in their government. When they have had enough, the European union will "crack"...I did not say dissolve...and Soros sees this coming and I'm sure his trading in the monetary markets will make him more and more fortunes. No doubt he is selling the Euro short and buying Swiss Francs, maybe $100,000 an hour over time.

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