George Soros Quotes - Page 8

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• It is better to have a cat and mouse game where the cat has the upper hand than a cat and mouse game where the mice are ruling. Because the latter means that the market participants are given free range. That was actually the big misconception of our national hero Ronald Reagan, who always talked about the magic of the market.

  George Soros

  Hero, Mean, Cat

  "The Economy Fell off the Cliff". Interview with Mathias Müller von Blumencron, Gregor Peter Schmitz and Gabor Steingart, www.spiegel.de. November 24, 2008.

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• I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

  George Soros

  Thinking, Financial, Unstable

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• There is no question that a breakup of the euro would be very damaging, very costly, both financially and politically. And the biggest loss would be incurred by Germany. Germans have to bear in mind that, effectively, they have suffered practically no losses so far. Transfers have all been in the form of loans, and it is only when the loans are not repaid that real losses will be incurred.

  George Soros

  Breakup, Real, Loss

  Source: www.spiegel.de

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• Of course, speculation will always make a crisis worse. If there is a weak point, it will expose it.

  George Soros

  Weak Points, Crisis, Speculation

  "'You Need This Dirty Word, Euro Bonds'". SPIEGEL Interview, www.spiegel.de. August 15, 2011.

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• Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.

  George Soros

  Country, Europe, Debtors

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• The bureaucratic method of building an integrated Europe has exhausted its potential.

  George Soros

  Europe, Exhausted, Building

  "Can Europe Work? A Plan to Rescue the Union". Foreign Affairs, September/October 1996.

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• Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the imagination of the German public, and the German public has accepted it.

  George Soros

  Imagination, Narrative, Accepted

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• In 2012, the far-right Golden Dawn won 21 seats in Greece's parliamentary election, the right-wing Jobbik gained ground in my native Hungary, and the National Front's Marine Le Pen received strong backing in France's presidential election. Growing support for similar forces across Europe points to an inescapable conclusion: the continent's prolonged financial crisis is creating a crisis of values that is now threatening the European Union itself.

  George Soros

  Strong, Money, Marine

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• This crisis has the potential to be a lot worse than Lehman Brothers.

  George Soros

  Brother, Lehman Brothers, Crisis

  "In Euro Zone, Banking Fear Feeds on Itself" by Landon Thomas, Jr. And Nelson D. Schwartz, www.nytimes.com. September 6, 2011.

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• There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It's not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well.

  George Soros

  Europe, Administration, Doe

  "In Rare Jewish Appearance, George Soros Says Jews and Israel Cause Anti- Semitism". www.jta.org. November 10, 2003.

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• If the choice is between cooking alive and wasting money unnecessarily I would rather waste some money, because long before we cook we are going to kill each other if we don't deal with climate change.

  George Soros

  Long, Choices, Cooking

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• America felt victorious and generous after World War II. They had also learned from the mistakes after World War I when they imposed punishment on Germany. What became of Germany? A Nazi dictatorship which threatened the world. Today's Germany doesn't feel as prosperous and generous as America then. But actually, Germany still is very prosperous.

  George Soros

  War, Mistake, Punishment

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• President George W. Bush is endangering the United States and the world's safety while undermining American values.

  George Soros

  Hurt, Safety, President

  "Why America Must Not Re-elect President Bush". Column at Project Syndicate, www.project-syndicate.org. October 17, 2004.

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• If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.

  George Soros

  Charity, Pay, Wealth

  "'Merkel Is Leading Europe in the Wrong Direction'". SPIEGEL Interview, www.spiegel.de. February 13, 2012.

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• I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.

  George Soros

  Balance, Toxic, Relief

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• Proposition 19 already is a winner no matter what happens on election day. The mere fact of its being on the ballot has elevated and legitimized public discourse about marijuana and marijuana policy in ways I could not have imagined a year ago.

  George Soros

  Marijuana, Years, Matter

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• The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.

  George Soros

  Country, Marijuana, Substance

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• The US needs a cap and trade system with auctioning of licenses for emissions rights. The revenues from these auctions can be used to launch a new, environmentally friendly energy policy. That would be yet another federal program that could help us to overcome the stagnation.

  George Soros

  Rights, Friendly, Overcoming

  Source: www.spiegel.de

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• However, even a strong government can't perform miracles. It needs money from the taxpayers.

  George Soros

  Strong, Government, Miracle

  Source: www.spiegel.de

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• Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.

  George Soros

  Business, Government, Steps

  George Soros (2000). “Open Society: Reforming Global Capitalism”, PublicAffairs

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• The eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled.

  George Soros

  Pain, Suffering, Nightmare

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• I have made it a principle to give advice that does not serve my personal interest but rather the common interests.

  George Soros

  Giving, Advice, Principles

  Source: www.spiegel.de

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• The ultimate asset bubble is gold.

  George Soros

  Gold, Assets, Ultimate

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