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PA Democrat

(13,225 posts)
4. George Soros was sounding the alarm at Davos as well.
Wed Jan 25, 2012, 09:52 PM
Jan 2012
http://www.huffingtonpost.com/2012/01/25/george-soros-davos-2012-europe-austerity_n_1231243.html

Soros has been sounding the alarm for more than a month about deflation, which he warns will cause more class warfare and oppression as the global financial system teeters closer to collapse. These tensions are clearest in Europe, Soros said in Davos, where troubled eurozone countries are being forced to slash their budgets. He said that these austerity measures will push wages and prices down, which will force to consumers buy less and companies to lay off workers, further hurting consumer demand and quality of life. Ultimately, he said, this economic turmoil will result in political repression as leaders fear the anger of the new poor.
nine recs, no kicks... G_j Jan 2012 #1
K&R... tosh Jan 2012 #2
K&R! Louisiana1976 Jan 2012 #3
George Soros was sounding the alarm at Davos as well. PA Democrat Jan 2012 #4
yep G_j Jan 2012 #5
Yep, that is a given........... socialist_n_TN Jan 2012 #10
kick & rec! BeHereNow Jan 2012 #6
K&R PotatoChip Jan 2012 #7
Thank you Arab Spring, thank you Wisconsin,thank you Ohio, malaise Jan 2012 #8
& a special thanks to women in every country G_j Jan 2012 #9
Nice malaise Jan 2012 #12
K&R nt hifiguy Jan 2012 #11
k G_j Jan 2012 #13
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