Soros: Dollar's Strength a Measure of System's "Sickness"; Euro Will Remain Viable

Yep, I was wrong about the "it'll probably go up today" prediction..

This collectivist scum wants to destroy america because of his own guilt.

Soros may be a left-wing scumbag, but he is arguably one of the better commodity and currency speculators of our time. I believe he is ultimately correct about the dollar - except for one thing: the Euro is also in trouble due to 1.7 trillion in loans to E. Europe. So whatcha gonna do? All currencies would drop against gold, while remaining relatively stable against each other.

Traditionally its economic growth that drives inflation. What the FED is doing now is to ARTIFICIALLY create inflation in the HOPE of driving economic growth. This is the stupidiest thing I've ever seen, trying to pump up asset prices to induce folks chasing after higher asset prices huh?? Its DOOMED to fail, coz Americans are BANKRUPT, broke, unemployed. Worse, USD devalued in real term. Stupid FED.

This is sick! This man engineered the failure of the british pound and is now doing so with the US dollar. How can this be news? He is promoting his own hedge fund!

It's so easy for people to talk. If Soros is a billionaire and is so smart, then why doesn't he lead a movement to fix things? America should not be a nation of talkers, we should be a nation of doers.

Soros may be a left-wing scumbag, but he is arguably one of the better commodity and currency speculators of our time. I believe he is ultimately correct about the dollar - except for one thing: the Euro is also in trouble due to 1.7 trillion in loans to E. Europe. So whatcha gonna do? All currencies would drop against gold, while remaining relatively stable against each other.

the dollar is doomed. Obama's policies are shoring this up for Soros. Soros wants a currency with his image on it and he is working to attain that. They will break the entire world down in order to insert a solution. Watch it. Soros was Obama's largest sponsor, this has a price!

Why do they even have this guy on, he doesn't say anything other than this is a complicated situation. Well as#hole we know that. I guess its easier than taking a stand on something. Beat it crook.

Soros is just another Madoff. The Euro will lose it's value and hit the level playing field as the dollar as soon as the European Union stops with the denial and reallizes that their "fundamentals" are in much worse shape than the U.S.'s. We have hit or are very near hitting our bottom. The European Union has not even come close to seeing theirs. Tech ticker is like CNBC. They interview anyone that has a crystal ball ththeory that people will watch. In August, T.Boone Pickens (remember him) said oil would never go below $120. Where is he now?

Soros is just another Madoff. The Euro will lose it's value and hit the level playing field as the dollar as soon as the European Union stops with the denial and reallizes that their "fundamentals" are in much worse shape than the U.S.'s. We have hit or are very near hitting our bottom. The European Union has not even come close to seeing theirs. Tech ticker is like CNBC. They interview anyone that has a crystal ball ththeory that people will watch. In August, T.Boone Pickens (remember him) said oil would never go below $120. Where is he now?

Translation: Take responsibility for your OWN salvation and do your OWN homework and OWN speculation.

www.richardsavvy.com

That's annoying Soros does not want to take any positions in front of the camera because that would probably move the markets or he may have legal problems. But the way he talks about the dollar "I know exactly where the dollar is going but I can not tell you...." probably means he thinks the dollar is going to lose value in a big way.

I see there are the usual right wing trolls on this comment section. Thank you George Soros for all you do with your Foundation - helping to make the world a better place. Soros is a man of power who really weilds it to help make the world better - the right wingers who helped bring about this economic disaster through their idiotic deregulation policies can't stand this and fear him. In any case - with all the corruption on Wall St. right now and the Obama economic's team's lack of balls to really fix the underlying issues, I think anyone who invests in the stock market right now is taking a big risk. Some banks are insolvent and they need to be temporarily nationalized. The level of greed in this environment is unfathomable. You all should read the latest Rolling Stone article on this - read it and weep: http://www.rollingstone.com/politics/story/26793903/the_big_takeover

I agree with John P...if Soros is so smart why doesn't he fix things...it's easy to complain and say that something doesn't or won't work, but the people that do that usually don't have a clue or an idea on how to fix anything (or in Soros' case, don't want to, cuz he's benefiting somehow)

Just like Warren Buffet - these people go on TV or wherever to talk up things to improve their position. Buffet - "buy stocks" since he had just jumped in. Soros on how good the Euro is..... he must be long. Not evil people, just selfserving.

soros only cares about soros and his profits .. he has no scruples

listern up! the usa banking system has just spen five year commiting fraud on a massive scale. Issuing bogus mortages, with little paperwork to people who were cleary unqualifiable. Add to that appreasers who work for the banks and lie about values and the b/s insurance for the mbs. The bankers should all be in jail and their companies, BofA, Citi, Wells ect shut down. The US media goes a pretty good job of fudging the news and clouding the issues to a point that people sort of know the truth but do not really really know the truth for sure. But in the rest of the world outside the USA everybody knows for sure that the banking system of Americal is full of criminals. Criminals that are now being aided and abetted by a bigger crime which is the government covering up their crime with a bigger crime which is printing bailing out money. Now ask youself this question? Drum roll............ Would you want to hold the currency of a country that alllows and effectively rewards a criminal banking system. A banking system that having got away with it once, will almost certianly just commit more crime. I think you have your answer on the long term value of dollar. countries are only holding the dollar now out of necessity or fear. Not because they want to. This situation won't last for ever.

He may be smart, but this guy is as slimy as they get.