Saturday, January 28, 2012

Soros Knows What Is Coming

George Soros is just a poor billionaire and can't really be expected to express himself well. Let's help him out. What was he really trying to say when warning the world's bankers and politicians of the coming civil war they are provoking?

Soros works with two basic ideas:

1. Boom and bust cycles. Unrealistic optimism where the herd of optimists imitate and predict each other's actions. Followed by bust, a realistic pessimism where the herd of pessimists imitate and predict each other's actions.

2. Admission that the principle that unregulated markets will benefit everyone equally is false.

Following the false economic principle of free markets benefiting all, most of the world has gone from boom to bust, but not the bankers and politicians, who because of their ability to control governments with their money are still in a boom. They are richer than ever, than in any time in world history.

Soros made his billions predicting how people followed each other in their stupid fantasies and then followed each other in disillusionment. If anyone knows you can't reason with successful herd fantasy it is Soros.

Soros knows what is coming.