george soros

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Can it be that the world as we know it may be coming to an end? Naw, it can’t be that bad, can it? Well, I’ve been cramming as much of this global financial predicament as I can stand into my head the last couple days, between going about my daily chores and ablutions. And, as one might say, this is serious shit. Paul Krugman’s blogs have been my main starting points, but also I watched online Bill Moyers’ interview of George Soros, the man who predicted this perilous predicament a number of months ago. George states that we have wasted valuable time and are still behind the curve but may be lucky. Nothing less than a coordinated intervention by all the countries into their banking systems to supply vast sums of equity, plus huge economic stimulus packages and bailouts for homeowners, will work. Or at least it seems so. Tomorrow, Sunday, Oct. 12, 2008, may be the D-Day, D for decision. Will it work? We’ll have to see.
Update Oct. 12: Well, here it is Oct. 12, Sunday, and it looks like the Europeans at least are starting to get their acts together. We’ll see about the U.S.of A. Paul Krugman still has doubts about our commitments, but thankfully our markets are closed tomorrow, the day Columbus discovered America, or so the story goes…… Oh, and here’s another great source of info on the current situation.

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