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Response to G_j (Original post)

Wed Jan 25, 2012, 09:52 PM

4. George Soros was sounding the alarm at Davos as well.

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.

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G_j Jan 2012 OP
G_j Jan 2012 #1
tosh Jan 2012 #2
Louisiana1976 Jan 2012 #3
LineNew Reply George Soros was sounding the alarm at Davos as well.
PA Democrat Jan 2012 #4
G_j Jan 2012 #5
socialist_n_TN Jan 2012 #10
BeHereNow Jan 2012 #6
PotatoChip Jan 2012 #7
malaise Jan 2012 #8
G_j Jan 2012 #9
malaise Jan 2012 #12
hifiguy Jan 2012 #11
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G_j Jan 2012 #13
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