Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Monday, 7 November 2011
Soros: Angela Merkel Was the Creator of the European Crisis
George Soros explains to Reuters' Chrystia Freeland how German Chancellor Angela Merkel's actions in 2008 could lead to the disintegration of the European Union. Consequently, a disorderly default of European sovereignties may lead to a global financial meltdown worse than 2008. He explains his analysis here.
Soros: European Governments Have the Bazooka
The EU must use ''the bazooka in its hands'' properly to combat debt default, George Soros tells Reuters' Chrystia Freeland. The European Central Bank should not recapitalize the banks, but rather, guarantee the banks against default.
