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It is, in a way, the culminating point of my life’s work
Soros Cashing In On Financial Meltdown
While the U.S. Congress (and American left in general) is demonizing anyone in the financial sector that’s making any kind of money, here’s one gentleman Barney Frank would never dream of grilling up on the Hill. And talk about the days of seat-squirming the left would be doing after such testimony…
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse. Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the global storm.
But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion. And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
‘It is, in a way, the culminating point of my life’s work,’ he told national newspaper The Australian.
Funny how people who make money are demeaned as evil, except when it’s one of the people who fund them.
And when you think about how many people worldwide have lost their jobs and had their lives totally disshevled because of the economic crash, while he brags about how it’s “the culmination of his life’s work”, we really see what true progressives are all about.
| | Bob Parks
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Bob Parks is a is a member/writer of the National Advisory Council of Project 21, Senior Writer for the New Media Journal, VP of Marketing and Media Relations for the New Media Alliance. Bob’s websites are Black & Right and youtube.com/BlackAndRight
Bob can be reached at: .(JavaScript must be enabled to view this email address)
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