George Soros, the Billionaire who shorted the British Pound and made 10 gazillion dollars, almost bankrupting the Bank of England in the process has written a new book. This is a guy you listen to. He was on CNBC with my darling Maria tonight. Ahh Maria... can one imagine a more perfect woman, super sexy, smart and could talk stocks all night long...
Uh, back to George.... In the interview, George referred to the current crisis as the worst since the dirty thirties. He agreed that if Bernanke hadn't bailed out the Bear it may have caused a collapse of the entire financial system and he referred to George Bush as "A man with a penis that's 3 times as big as his brain--and that's not saying much for his penis". ok maybe not the last part.
He was obviously very big on commodities and said that there is no alternative for investors. That all the world currencies are on shakey ground so investors must seek out alternatives like commodities.
It was also clear that he's but another Billionaire who's backing the Dems and thinks we're on the verge of a depression. This list includes Warren Buffet, Bill Gates and Donald Trump.
From his website:
George Soros, the legendary financier, philanthropist and bestselling author, has written a new book, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means (9781586486846, $22.95), to be released exclusively as an e-book by PublicAffairs on April 3.
Mr. Soros’ opening sentence summarizes his sense of urgency about the turmoil in the financial world, where he is one of the most successful and enduring of investors: “We are in the midst of the worst financial crisis since the 1930s.”