If there is such a think as an "expert" in financial markets, it is George Soros. As explained by Paul Volker, former chairman of the Federal Reserve:
George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become 'open societies,' open not only in the sense of freedom of commerce but – more important – tolerant of new ideas and different modes of thinking and behavior.
If the following doesn't give you pause about the current "understanding" of our financial crisis, ie too much debt, nothing will:
"...the greatest threat to freedom today comes from the formation of an unholy alliance between government and business. This is not a new phenomenon. It used to be called fascism. The outward appearances of the democratic process are observed, but the powers of the state are diverted to the benefit of private interests (i.e. corporations)"
Government per se is NOT the problem. Big, BIG, BIG money buying favoritism from government is.
Business monopolists and oligarchs attempt to destroy free markets. Don't believe it? Visit GeorgeSoros.com read the free download from his latest book, then decide.
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