Is George Soros behind a plot to cause Euro crisis?
This is an old story from Mail Online, but right now is a good time to review the story, especially in light of what might be the inevitable crash of the Euro. Is it really possible that George Soros, in his greed, has set out to cause this much havoc in the world? I am no conspiracy theorist but the more I hear about George Soros, the more I shudder….
The article refers to a meeting back in February 2010 at which the Soros Hedge Fund was represented. It is not hard to imagine that there is a plot in place to see the Euro fail. It seems that these hedge fund managers stand to reap billions if this happens. This is what was reported on February 24 when it was first apparent that Greece was in real trouble, and that this was putting pressure on the Euro:
The single currency has been under enormous pressure because of Greece’s debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland.
But, it has also struggled because hedge funds have been placing huge bets on the currency’s decline, which could make the speculators hundreds of millions of pounds.
The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros
Fund Management, warned in a newspaper article that the euro could ‘fall apart’ even if the European Union can agree a deal to shore up support for stricken Greece.
He said: ‘Makeshift assistance should be enough for Greece, but that leaves Spain, Italy, Portugal and Ireland.
‘Together they constitute too large a portion of euroland to be helped in this way.’
He believes that unless the European Commission is given sweeping powers over taxation and spending, the single currency will always be vulnerable to financial turbulence in individual states.