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04-01-2009, 07:09 PM #1
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Soros: If G20 Fails, Global Depression Ahead
Soros: If G20 Fails, Global Depression Ahead
Wednesday, April 1, 2009 10:33 AM
By: Gene J. Koprowski
If the G20 meeting of world leaders this week results in nothing but more hot air, billionaire George Soros says all bets are off — the global economy is heading for a huge meltdown.
“That could push the world into depression. It’s really a make-or-break occasion. That’s why it’s so important. The chances of a depression are quite high — even if that is averted, the recession will last a long time. Look, we are not going back to where we came from. In that sense it’s going to last forever.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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04-01-2009, 07:37 PM #2
[quote]Soros refuses to say what he is doing in the markets now. Has he shorted the pound recently? “I had shorted it last year, but I’m not shorting the pound now.â€
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