A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.
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 gloabal 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.
I have no doubt in my mind this scumbag was up to his eyeballs in causing the financial panic last fall. He essentially OWNS the Democratic Party, and the bank-system collapse ensured Obama's coronation.
| He started his life by stealing from others and he'll end it the same way ... |
Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year.
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