George Soros Says The US Should Take On More Debt And Not Be Obsessed With Budget Cuts

From:  Business Insider

George Soros Says The US Should Take On More Debt And Not Be Obsessed With Budget Cuts  (15:34 video)

http://www.businessinsider.com/george-soros-us-more-debt-2011-4

Famed investor George Soros spoke to Bloomberg Television about the U.S. economy yesterday, specifically the debate over cuts versus government spending. Soros argues that the U.S. should take on more debt and spend it on infrastructure.




0:20 It is a really open question; How much debt is too much and when should you tighten? We're in the midst of a difficult, delicate, two-speed maneuver.

1:15 If you have a growing economy, you can tolerate a high level of debt. If you have an economy in recession, and too much debt, you get into what's called a debt trap.

1:50 This argument is overshadowed by political considerations. In Europe, you have debate of eurozone members and their debt.

2:25 We can issue our own currency in the U.S., and the dollar is quite strong.

3:20 There is a danger than, by pushing budget cuts too far, you can endanger it. I fear political forces are going to force the economy back into recession.

3:50 The U.S. economy could absorb some more debt to get the economy going. If you use it to reinforce consumption, you get no benefit from it. Building infrastructure or improving productivity is where it should be used.

5:30 The U.S. dollar is considered to be riskless, but it's a question as to the degree of future inflation. One way to decrease the future weight of debt is to have inflation.

George Soros making a move to control food and grain production

From:  Examiner

George Soros making a move to control food and grain production

http://www.examiner.com/finance-examiner-in-national/george-soros-making-a-move-to-control-food-and-grain-production?fb_comment=31435366


Financier and progressive activist George Soros is formulating a move to control food and grain production by purchasing grain elevators in late March in several parts of the United States through his subsidiary company Gavilon Grain. With some purchases made on March 29th, Soros will become the third largest grain company behind Cargill, and Archer-Daniels Midland.


With strong ties to the Obama administration, Soros now has both the economic, and political clout to begin consolidation of purchasing and shipping domestic agriculture around the world. . . . .

George Soros Buys WalMart Stores Inc., FedEx Corp., Advanced Micro Devices Inc., Sells General Dynamics Corp., Google Inc., Intel Corp.

From: Guru Focus

George Soros Buys WalMart Stores Inc., FedEx Corp., Advanced Micro Devices Inc., Sells General Dynamics Corp., Google Inc., Intel Corp.
http://www.gurufocus.com/news.php?id=22220


Billionaire investor George Soros have been warning about recessions and financial crisis. He wrote "The current financial crisis was precipitated by a bubble in the US housing market. In some ways it resembles other crises that have occurred since the end of the second world war at intervals ranging from four to 10 years." These are his buys and sells during the 4th quarter of 2007. . . .