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Arlidge reports: "In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether."

Hedge-fund pioneer George Soros at the 2011 Davos World Economic Forum, 05/17/11. (photo: Fabrice Coffrini/AFP/Getty Images)
Hedge-fund pioneer George Soros at the 2011 Davos World Economic Forum, 05/17/11. (photo: Fabrice Coffrini/AFP/Getty Images)



George Soros on the Coming US Class War

By John Arlidge, Newsweek

24 January 12

 

'The situation is about as serious and difficult as I've experienced in my career.'

ou know George Soros. He's the investor's investor - the man who still holds the record for making more money in a single day's trading than anyone. He pocketed $1 billion betting against the British pound on "Black Wednesday" in 1992, when sterling lost 20 percent of its value in less than 24 hours and crashed out of the European exchange-rate mechanism. No wonder Brits call him, with a mix of awe and annoyance, "the man who broke the Bank of England."

Soros doesn't make small bets on anything. Beyond the markets, he has plowed billions of dollars of his own money into promoting political freedom in Eastern Europe and other causes. He bet against the Bush White House, becoming a hate magnet for the right that persists to this day. So, as Soros and the world's movers once again converge on Davos, Switzerland, for the World Economic Forum this week, what is one of the world's highest-stakes economic gamblers betting on now?

He's not. For the first time in his 60-year career, Soros, now 81, admits he is not sure what to do. "It's very hard to know how you can be right, given the damage that was done during the boom years," Soros says. He won't discuss his portfolio, lest anyone think he's talking things down to make a buck. But people who know him well say he advocates making long-term stock picks with solid companies, avoiding gold - "the ultimate bubble" - and, mainly, holding cash.

He's not even doing the one thing that you would expect from a man who knows a crippled currency when he sees one: shorting the euro, and perhaps even the U.S. dollar, to hell. Quite the reverse. He backs the beleaguered euro, publicly urging European leaders to do whatever it takes to ensure its survival. "The euro must survive because the alternative - a breakup - would cause a meltdown that Europe, the world, can't afford." He has bought about $2 billion in European bonds, mainly Italian, from MF Global Holdings Ltd., the securities firm run by former Goldman Sachs head Jon Corzine that filed for bankruptcy protection last October.

Has the great short seller gone soft? Well, yes. Sitting in his 33rd-floor corner office high above Seventh Avenue in New York, preparing for his trip to Davos, he is more concerned with surviving than staying rich. "At times like these, survival is the most important thing," he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn't just mean it's time to protect your assets. He means it's time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history - a period of "evil." Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.

George Soros. , Photograph by Jake Chessum for Newsweek

"I am not here to cheer you up. The situation is about as serious and difficult as I've experienced in my career," Soros tells Newsweek. "We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system."

Soros's warning is based as much on his own extraordinary personal history as on his gut instinct for market booms and busts. "I did survive a personally much more threatening situation, so it is emotional, as well as rational," he acknowledges. Soros was just 13 when Nazi soldiers invaded and occupied his native Hungary in March 1944. In only eight weeks, almost half a million Hungarian Jews were deported, many to Auschwitz. He saw bodies of Jews, and the Christians who helped them, swinging from lampposts, their skulls crushed. He survived, thanks to his father, Tivadar, who managed to secure false identities for his family. Later, he watched as Russian forces ousted the Nazis and a new totalitarian ideology, communism, replaced fascism. As life got tougher during the postwar Soviet occupation, Soros managed to emigrate, first to London, then to New York.

Soros draws on his past to argue that the global economic crisis is as significant, and unpredictable, as the end of communism. "The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what's happening." To Soros, the spectacular debunking of the credo of efficient markets - the notion that markets are rational and can regulate themselves to avert disaster - "is comparable to the collapse of Marxism as a political system. The prevailing interpretation has turned out to be very misleading. It assumes perfect knowledge, which is very far removed from reality. We need to move from the Age of Reason to the Age of Fallibility in order to have a proper understanding of the problems."

Understanding, he says, is key. "Unrestrained competition can drive people into actions that they would otherwise regret. The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to." Still, Soros believes the West is struggling to cope with the consequences of evil in the financial world just as former Eastern bloc countries struggled with it politically. Is he really saying that the financial whizzes behind our economic meltdown were not just wrong, but evil? "That's correct." Take that, Lloyd Blankfein, the Goldman Sachs boss who told The Sunday Times of London at the height of the financial crisis that bankers "do God's work."

To many, the idea of Soros lecturing the world on "evil" is, well, rich. Here, after all, is an investor who proved - and profited hugely from - the now much-derided notion that the market, or in his case a single investor, is more powerful than sovereign governments. He broke the Bank of England, destroyed the Conservative Party's reputation for economic competence, and reduced the value of the pound in British consumers' pockets by one fifth in a single day. Soros the currency speculator has been condemned as "unnecessary, unproductive, immoral." Mahathir Mohamad, former prime minister of Malaysia, once called him "criminal" and "a moron."

In the U.S., where the right still has not forgiven him for agitating against President George W. Bush and the "war on terror" after 9/11, which he described as "pernicious," his prediction of riots on the streets - "it's already started," he says - will likely spark fresh criticism that Soros is a "far-left, radical bomb thrower," as Bill O'Reilly once put it. Critics already allege he is stoking the fires by funding the Occupy movement through Adbusters, the Canadian provocateurs who sparked the movement. Not so, says Soros.

Soros's fragrant personal life will also prompt many to pooh-pooh his moralizing. Last year, Adriana Ferreyr, his 28-year-old companion for many years, sued him in New York Supreme Court in Manhattan, alleging he reneged on two separate promises to buy her an apartment, causing her extreme emotional distress. Ferreyr, a former soap-opera star in Brazil, said Soros had given the apartment he had promised her to another girlfriend. She also claimed he assaulted her. Soros has dismissed Ferreyr's claims as "frivolous and entirely without merit" and "riddled with false charges and obviously an attempt to extract money."

Despite his baggage, the man who now views himself as a statesman-philanthropist is undeterred. Having profited from unregulated markets, he now wants to deliver us from them. Take Europe. He's now convinced that "if you have a disorderly collapse of the euro, you have the danger of a revival of the political conflicts that have torn Europe apart over the centuries - an extreme form of nationalism, which manifests itself in xenophobia, the exclusion of foreigners and ethnic groups. In Hitler's time, that was focused on the Jews. Today, you have that with the Gypsies, the Roma, which is a small minority, and also, of course, Muslim immigrants."

It is "now more likely than not" that Greece will formally default in 2012, Soros will tell leaders in Davos this week. He will castigate European leaders who seem to know only how to "do enough to calm the situation, not to solve the problem." If Germany's Angela Merkel or France's Nicolas Sarkozy nurses any lingering hopes of finding their salvation outside the continent, they are mistaken. "I took a recent trip to China, and China won't come to Europe's rescue," Soros says. Despite all its woes, he nevertheless thinks the euro will - just barely - survive.

While Soros, whose new book, Financial Turmoil in Europe and the United States, will be published in early February, is currently focused on Europe, he's quick to claim that economic and social divisions in the U.S. will deepen, too. He sympathizes with the Occupy movement, which articulates a widespread disillusionment with capitalism that he shares. People "have reason to be frustrated and angry" at the cost of rescuing the banking system, a cost largely borne by taxpayers rather than shareholders or bondholders.

Occupy Wall Street "is an inchoate, leaderless manifestation of protest," but it will grow. It has "put on the agenda issues that the institutional left has failed to put on the agenda for a quarter of a century." He reaches for analysis, produced by the political blog ThinkProgress.org, that shows how the Occupy movement has pushed issues of unemployment up the agenda of major news organizations, including MSNBC, CNN, and Fox News. It reveals that in one week in July of last year the word "debt" was mentioned more than 7,000 times on major U.S. TV news networks. By October, mentions of the word "debt" had dropped to 398 over the course of a week, while "occupy" was mentioned 1,278 times, "Wall Street" 2,378 times, and "jobs" 2,738 times. You can't keep a financier away from his metrics.

As anger rises, riots on the streets of American cities are inevitable. "Yes, yes, yes," he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. "It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States."

In spite of his warnings of political turmoil in the U.S., he has no plans to engage in politics directly. "I would prefer not to be involved in party politics. It's only because I felt that the Bush administration was misleading the country that I became involved. I was very hopeful of a new beginning with Obama, and I've been somewhat disappointed. I remain a supporter of the Democratic Party, but I'm fully aware of their shortcomings." Soros believes Obama still has a chance of winning this year's election. "Obama might surprise the public. The main issue facing the electorate is whether the rich should be taxed more. It shouldn't be a difficult argument for Obama to make."

If there is a glimmer of hope for the world in 2012, Soros believes it lies in emerging markets. The democratic-reform movement that has spread across the Middle East, the rise of democracy and economic growth in Africa, even reform in Russia may yet drag the world out of the mire. "While the developed world is in a deep crisis, the future for the developing world is very positive. The aspiration of people for an open society is very inspiring. You have people in Africa lining up for many hours when they are given an opportunity to vote. Dictators have been overthrown. It is very encouraging for freedom and growth."

Soros insists the key to avoiding cataclysm in 2012 is not to let the crises of 2011 go to waste. "In the crisis period, the impossible becomes possible. The European Union could regain its luster. I'm hopeful that the United States, as a political entity, will pass a very severe test and actually strengthen the institution." Nor has he quite given up hope that the central bankers and prime ministers gathering in Davos this week have got what it takes to rally round and prove him wrong. This time, being wrong would make him happy indeed.

 

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+74 # shortonfaith 2012-01-24 12:40
I hate reading stuff like this. Change & learning only occurs in conflict. This is the peoples only chance to get back the power that was given to the large corporations by those sent to DC to protect us. People like Soros made $Billions on the backs of the little guys, after passing laws that protected them & their trades. A lot of trading tactics were outlawed in the past. Global Corporations were not allowed because of the damage they do trying to flatten the world.

Soros may be one of the good guys who just took advantage of the situations? Those in power, who were suppose to be looking out for the peoples investments, were allowed to change the rules. This allowed gaming of the entire world systems.

The driver of the bus will decide if it stays on the road or goes over the cliff? Fasten you seat belts kids, we're about to start swerving from shoulder to shoulder. Support your neighbors & the OWS, they are the only ones who have your backside.
 
 
+40 # Majikman 2012-01-24 18:08
"You don't need a Weatherman to know which way the wind blows" (Bob Dylan). I forget who said that a civilization thrives and survives as long as its elites support and identify with the people. Guess where that leaves us...the war has already begun whether or not we wish to acknowledge it.
 
 
+75 # berensmann 2012-01-24 12:56
Be nice if O'Reilly put his money where his big mouth is as Soros has. Through his Central European University Soros has sent hundreds (maybe thousands) of young men and women from Eastern Europe to the United States as exchange students to be exposed to an ecomnomic and cultural society he admires.
 
 
+36 # cypress72 2012-01-24 12:59
If George Soros is "more concerned with surviving than with staying rich" is there any hope for the rest of us ?? Davos must be a very cheery place this year.
 
 
+10 # Doubter 2012-01-24 17:45
As someone who knows how to extract billions from the system, he might just be forseeing the results of his and the other super billionaire's actions.
 
 
+109 # Risa de Angel 2012-01-24 13:02
More Americans now than ever before are experiencing dramatic concrete evidence of the de facto class war that has been waged against 99% of us by America's wealthiest 1% for decades. In 1981, Reaganomics set in motion a class war that hadn't been seen since the days of child labor (which Gingrich would like to bring back for poor families). The American people need to see, once and for all, who is on our side and who isn't. It all comes down to 99% of the people standing up to the wealthiest 1%. We work together for jobs and workers' rights - "Democrats" and progressive Democrats - or 99% of the American people continue falling down, down, down.
 
 
+17 # RLF 2012-01-25 04:24
Can't keep that average family income up if we don't get more of the family working! Remember the 70's when they got mom working to keep it up and the income didn't double?
 
 
+25 # burner 2012-01-24 13:04
Very nice; however if Soros is a member of the Council of Foreign Relations, this is all BS.
 
 
+107 # Scott479 2012-01-24 13:16
One of the richest Americans, Warren Buffett, replies to this issue:

“There’s class warfare, but it’s my class, the rich class, that’s making war, and we’re winning.”

http://www.commondreams.org/headline/2010/10/06-5
 
 
+34 # wantrealdemocracy 2012-01-24 13:30
This guy is emblematic of the 1%. Waste of time to read his 'words of wisdom'. What we need to do is tax the hell out of people as rich as he is. Let's level the playing field on planet earth and let all of us have a chance to live a decent life.
 
 
+49 # Cambridgemac 2012-01-24 14:09
You might try reading some of Soros' writings on democracy and economics. Or philanthropy. They're little short of brilliant. I recommend the piece he wrote on the Euro for the NY Review of Books.
http://www.nybooks.com/articles/archives/2011/oct/13/does-euro-have-future/?pagination=false

Remember, this article is written by John Arlidge, a Newsweek writer, not by Soros.
 
 
+32 # Activista 2012-01-24 18:27
I agree - Soros is brilliant - could be too complex for the audience here - but the decline of capitalism has the same patter as decline of communism - and is moving fast.
 
 
+11 # RLF 2012-01-25 04:25
We warred ourselves just like we got Ussr to do!
 
 
+40 # Karlus58 2012-01-24 14:44
Problem is my friend, we have no power whatsoever to tax the rich, nor make changes if the same puppets are in power. That IS what we must do. Elect people who think and act as we do, as long as they remain loyal to their beliefs and not become puppets to these Masters. We are paying the price for our apathy and noses to the telly of reality shows, idolization of the rich and the technology that's de-socialized our society. Soros speaks a chilling possibility.
 
 
+14 # MendoChuck 2012-01-24 13:54
The more you use fear to make the 99% nervous the more you can control them.
Is Soros any different?
I wonder . . . . .
 
 
+7 # lincolnimp 2012-01-24 14:00
I know this is not pertinent to the data presented in this article. I don't feel informed enough to comment on it BUT I just want to say that if being rich can make an 81 year old man look so much younger than his years, we should all try it.
 
 
+13 # Doubter 2012-01-24 17:50
You must be awfully young.
I'm just an 86 yr. old shmuck but I don't have those awful bags under my eyes yet.
 
 
+2 # Activista 2012-01-25 12:56
Soros is a man - does not run to the cosmetic surgeon like USA pops. It adds to his credibility.
 
 
+6 # dyannne 2012-01-25 14:23
Soros looks every bit of 81. There are people older who have not had plastic surgery and look a helluva lot better than he does.
 
 
+36 # tarantilla 2012-01-24 14:11
Soros is a survivor. It is useful to listen to his thinking. He has been appropriately cynical and shrewd at the right time. The impression of being a victim of tyrany is deep. Never again, for him, now protected by his billions. The rest of us %99, not so fortunate.
 
 
+25 # aitengri 2012-01-24 14:20
For quite some time now I've been saying that some anarchic commotion would be prophylactic to our dumbed down society. I'm not speaking of your average reader of this site, but of the people who are content with American Idol/football '49er mania media, and hoping beyond hope to beef up their credit again. The small town masses who fill not only the small towns, but the cities. As some kids' book whose name eludes me right now says, "Let the commotion begin" - I think it was one of the Max series.
 
 
+17 # David Starr 2012-01-24 15:11
George Soros certainly has had the security of a financial buffer to kick back & contemplate the current crisis (yet another) of capitalism. And its the 99% that usually have gotten hurt while those of Soros's class are, well, buffered from the consequences. It's nice of Soros to show concern for the 99% although he sure took advantage of their class interests by gambling w/in the capitalist casino. Right-wing inquisitor Bill 'O Reilly, usually like other Righties, has it wrong by calling Soros "a far-left radical bomb thrower" responding to Soros's prediction that there'll be rioting in U.S. streets. Then there's Newsweek, a tradition among other traditions w/in the U.S. media, that apes an old terminology, using "totalitarian ideology, communism" to desribe Hungary when it was socialist although communism as a full society didn't, & doesn't really exist. One term that could be used for Hungary's practices was "goulash socialism." Like the Right, the U.S. media gets it wrong again when it comes to dissecting these ideas from the regressive/repr essive practices of Stalinism. And its nice that Soros opposed the Bush regime, although he is essentially in the same class as the Bushites, & Clintonites (whatever tactical differences).
 
 
-12 # CandH 2012-01-24 15:13
Sir, no matter how many "philanthropic" entities and millions you throw around, nevertheless you voted for REDD. Class war indeed...
 
 
0 # CandH 2012-01-25 09:07
"Is REDD the New Green? Indigenous Groups Resist Carbon Market-Based Forestry Scheme to Offset Emissions:

A controversial proposal to protect forests worldwide is on the table at the U.N. Climate Change Conference in Cancún. Reducing Emissions from Deforestation and Forest Degradation (REDD), would include forests in the emerging carbon markets, allowing governments and corporations to purchase permits to protect forests as a way to offset the carbon released into the atmosphere through its industrial pollution. Though often reported as a means to stop deforestation, there is widespread opposition to REDD from environmental and indigenous groups. We speak to Anne Petermann of the Global Justice Ecology Project.

Guest: Anne Petermann, Executive Director of the Global Justice Ecology Project. Speakers at REDD forum in Cancún, financier George Soros, Walmart chairman Rob Walton, longtime conservationist Jane Goodall, and World Bank president Robert Zoellick."

http://www.democracynow.org/2010/12/9/is_redd_the_new_green_injustices
 
 
-28 # joehonick@gmail.com 2012-01-24 15:13
I wrote the article with this thesis and concern two years ago under the heading of: Will We Now Fear Parades?
Soros has served no purpose with this, nor have you with its publicarton.
 
 
+13 # Huck Mucus 2012-01-24 18:03
Joe, you may not even care why you are getting the negative hits, but your post could be read many ways.

Would Soros, and the RSN publication of this, have served a purpose if only it had been done two years ago, or with your heading instead?

Did your article render this instant article purposeless?

Is your message too late now, and we were fools to not listen to you then?

Was your article correct then, but wrong now?

I guess I'm just not getting it. Would you please extrapolate? Thanks in advance for any clarification.
 
 
+21 # Huck Mucus 2012-01-24 16:27
“In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. . . . He saw bodies of Jews, and the Christians who helped them, swinging from lampposts, their skulls crushed.”

Who are the men and women that would carry out these actions? Look around your neighborhood, your community. Try to spot them. Get to know them, personally. Try to learn to understand them. Find their weaknesses. Plan to exploit those weakness when, or shortly before they come knocking. They are the enemy. Do not be fooled.



These people won’t be so forthright, like Nazis or Communists. When you are asked to board a train, it will be requested with all the “We are here to help you” sincerity of a friend. Hell, they may even actually be a friend. It might be in response to an outbreak of disease, or natural disaster, or a chemical leak, or a dirty bomb, or whatever. As a good human being, with a good heart, as a liberal, you will want to believe them. You will want so desperately much to believe them.
 
 
+21 # Huck Mucus 2012-01-24 16:27
Maybe they will be sincere, if only because they themselves won’t even know what’s up. They might even have that “To Protect and To Serve” subjective men rea. You probably will believe them. But that does not make them any less your enemy. Your head will be crushed, if only later. You will hang from a lamp post, if only later. At the very least, you will be forced to work.

You will go, as they request, and I will not pity you. THAT is the lesson Soros learned in Hungary.
 
 
-26 # in deo veritas 2012-01-24 18:28
Has anyone bothered to check out the Larry King interview with Soros where he admitted to collaborating with the Nazis in WWII? Check it out and then see if he has any credibility.
 
 
+9 # Activista 2012-01-24 20:00
please provide the link -
Soros is very complex figure -
http://www.soros.org
making systemic changes - bad that Obama did not denazificate USA after 8 years of NEOCONS and Bush as Soros recommended.
 
 
+17 # Huck Mucus 2012-01-24 20:32
Illogical. If Hitler says one apple plus one apple equals two apples, is he lacking in credibility on that point simply because he is Hitler?

Anyway, help me with the math here: If Soros is 81 years old today, then he would have been born in 1931, and 14 years old at the end of the war in 1945. So, he was a Nazi collaborator at 14 or younger? Actually, at 13 or younger?

But to answer your question, I have not checked out the Larry King interview. Can you give me a nutshell version? Thanks in advance.
 
 
+12 # in deo veritas 2012-01-24 18:30
If class war comes, it will be France in 1789 again......
 
 
+1 # RLF 2012-01-25 04:27
I'm headed to Greenwich, CT on that day!
 
 
+7 # MidwestTom 2012-01-24 19:59
Every Billionaire wants the EURO and the dollar to survive, if they do not survive they will be much poorer.
 
 
+15 # Activista 2012-01-24 20:19
"Soros was thirteen years old in March 1944 when Nazi Germany occupied Hungary". Year later (1945) Stalin took over.
In 1948 Soros escaped (17 years) to London where he completed London School of Economics.
I admire Soros - his philosophy, courage, wisdom.
en.wikipedia.org/wiki/George_Soros
 
 
+6 # CL38 2012-01-24 20:45
See "Thrive: What On Earth Will it Take?" @ http://www.thrivemovement.com/
 
 
+14 # Fi10Gale 2012-01-24 23:29
I've always admired Soros. His gloomy prediction for the nations economic future is troubling yet he credits OWS and the 99% Movement with refocusing the issue(s) our political leaders need to pay attention to. The more people that join the movement the louder our voice becomes. www.99%Declaration.org even if you can't march you can make your voice heard. Read the list of grievances.
 
 
+3 # fcvnyc 2012-01-25 06:51
The financial activities of George Soros and other hedge fund managers show how dysfunctional the international monetary system is that makes currency speculation possible. We need a monetary standard. Not a pure or flexible gold standard, but a carbon standard. In such carbon-based the international monetary system not only speculation would be heavily reduced, but, more importantly, such system would push nations to decarbonize their societies and to deal seriously deal with the most serious global problem of climate change. Curious about how that can be done? Go to www.timun.net.
 
 
+4 # Activista 2012-01-25 11:14
$1.6 trillion per year goes to WAR - military-indust rial complex. Rich who own 80% if the country have "Bush/Obama tax break".
USA is bankrupt - technicalities do not matter much now.
 
 
+3 # barbaratodish 2012-01-25 15:13
Soros is almost right when he says "A lot of the evil in the world is unintended." What if ALL of the evil, especially all of the greed, etc., in the world is unintended, because NONE of us HAS intent, because all of our intent, in ANYTHING we do, HAS US?Intention and whether we have it, or whether intent has us, has been an issue I have been dealing, with because I want to free myself from all defensiveness (except, of course from the instinctual and intuitive defensiveness involved in "fight or flight" reactions). Perhaps we all only exist with a partial relative intent, namely the intent to perform, and perhaps this performanced intent does NOT rise to the level of HUMAN INTENT and or HUMAN AGENCY, i.e., perhaps we all are sub human, perhaps we all are just our "dark sides" and we only imagine that we are GOOD or that we have any intent. Perhaps we only "exist" to PERFORM, as a performance ego. WE all want to, or are indoctinated to want to, be competitive, comparative in all our waking and even in our sleeping hours (i.e., my dream was better than your dream!lol). Even cooperation is a performance, i.e., any act of so called "virtue" can have a "dark side" to it. Finally, regardless of how much money, fame, power, etc., Soros, or anyone, for that matter has, it appears that all their money can't get what we all seem to need, namely, peace of mind.
 
 
+11 # peterjkraus 2012-01-25 19:43
"Occupy Wall Street...will grow. It has "put on the agenda issues that the institutional left has failed to put on the agenda for a quarter of a century."
That alone is worth the read. The institutional left (which is rather right of center in my view) has been lethargic, quaking in their boots and eager to survive the next election. By putting our hope in them, we have been fooled since St. Ron took office -- for over 30 years. It´s about time we worked for radical change.
 
 
+3 # Nick Reynolds 2012-01-26 09:37
I have nothing but respect for George Soros and admire his efforts to promote free and open societies. And if he says something is likely to happen, then I pay attention.

However, I have reservations about expecting a brutal clampdown. He's speaking from his experience. Clamping down is entirely possible; it's the preferred gov't action throughout history.

But this time the people are also armed, with a new and very powerful weapon, namely video recorders. The brutality, if it comes to that, will be publicized and visible to everyone with an Internet connection. That will lessen the gov't brutality.

Mr. Soros, if he wishes to continue the struggle for free and open societies, would do well to help keep governments' hands off the Internet.
 
 
+1 # mishanti2 2012-02-03 12:54
Th brutal crackdowns are already happening in every city where the police are attacking peaceful Occupy demonstrations and turning it violent. Our city police agencies are now quite indistiguishabl e from our military in their weapons and tactics.
 
 
+4 # Activista 2012-01-26 13:32
Soros has courage - read his biography - does not need billions to shelter himself - his Open Society is NOT money society as present USA is.

His prognosis does not fit American "optimism" psyche - is not written in 4 point Power Point - is very realistic.
I did spend youth in the totalitarian system and the present USA is symptomatic of the autocratic system in making.
Mass media are owned by 1% and controlling masses. Like they did from Hitler, Stalin, to Mao.
Military is idolized - immigrants are demonized - and terrorists are everywhere.
The totalitarian systems had elections - but these were meaningless - because vote was for the "party" - confirming status quo. The participation was compulsory and 99% positive vote was expected and common.
USA is becoming closed society - opposite to Soros model of open society.
How many billionaires understand and support 99% protest - it is a principle NOT money in case of Soros.
 
 
+3 # bewildered 2012-01-26 17:00
So move assets to cash and watch it devalue? The game has been 1% rigged for a long time.
 
 
+2 # Activista 2012-01-26 20:33
Soros is pointing correctly that gold is next - super-bubble.
Of course the speculators pro will off-load at the profit ...
 

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