Glenn has demonstrated how George Soros uses his influence and the media to try and sway the outcome – just like he did with the British pound back in 1992. He’s at it again, hitting the press to predict the end of the Euro. Is that what Soros is after?
The Blaze reported:
George Soros, a billionaire investor who in part made his fortune by predicting economic trends, delivered a speech today in Trento, Italy where he said that Europe has three months to rectify the Eurozone crisis, after which time it will be “too late.”
Known as the man who “broke the bank of England,“ Soros continued to predict a type of ”lost decade” for Europe as seen in Latin America in the 1980s.
“A similar fate now awaits Europe. That is the responsibility that Germany and other creditor countries need to acknowledge. But there is no sign of this happening,” he said.
Soros continued, explaining: “The Greek crisis is liable to come to a climax in the fall. By that time the German economy will also be weakening so that Chancellor (Angela) Merkel will find it even more difficult than today to persuade the German public to accept any additional European responsibilities. That is what creates a three-month window.”
“Three years ago when I started talking about this, everybody said, ‘Oh, that’s crazy. Shut up’,” Glenn said.
“This is crazy, what’s going on. Yet more evidence of things spiralling out of control. I think somewhere we all know that things are going to get bad but we don’t know how bad things are going to be.”
“Some bad times are coming our way, but we’ll make it. We always do. Tough times come, but we make it through it,” he added. ” The sooner we start to address the problems, the better off we are.”