Soros sees no bottom for world financial “collapse”
If we did not need more great news today as the stock fell approx 250 points, George Soros stated that the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. In his words, Soros believes the current situation is actually more severe than during the Great Depression. He has also compared the current situation to the demise of the Soviet Union. What does he know that we don’t know. Well he was the one who sold the British pound and made over 1 Billion from it. It is like the old saying when “whatever brokerage speaks…people listen”. Maybe we should be listening to George Soros. Quoting him; “We witnessed the collapse of the financial system,” . “It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.” Tell this to the people on CNBC waiting for the banking stocks to rebound.
Maybe they will…maybe they will be Nationalized.
Maybe George is wrong.
But what is for sure…is have a plan..and follow it…