Soros Warns Europe: “Beware The Leaders Within” by Tyler Durden for Zero Hedge
In a lengthy transcription of an interview with Italy’s La Repubblica, billionaire hedge fund manager, philanthropist, and – some might argue – puppet master to a new world order, expounded at length on Europe’s demise, financial market bubbles, and – the focus of this note – Europe’s imminent demise unless they follow his grand plan.
He begins on a rather ominous note:
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“We are in a crisis, the worst crisis in my lifetime since the Second World War. I would describe it as a revolutionary moment when the range of possibilities is much greater than in normal times. What is inconceivable in normal times becomes not only possible but actually happens. People are disoriented and scared. They do things that are bad for them and for the world.”
Then escalates…
Q) So how do you see the situation in Europe and the United States?
A) I think Europe is very vulnerable, much more so than the United States. The United States is one of the longest-lasting democracies in history. But even in the United States, a confidence trickster like Trump can be elected president and undermine democracy from within.
But in the US you have a great tradition of checks and balances and established rules. And above all you have the Constitution. So I am confident that Trump will turn out to be a transitory phenomenon, hopefully ending in November. But he remains very dangerous, he’s fighting for his life and he will do anything to stay in power, because he has violated the Constitution in many different ways and if he loses the presidency he will be held accountable.
But the European Union is much more vulnerable because it is an incomplete union. And it has many enemies, both inside and outside.
Q) Who are the enemies inside?
A) There are many leaders and movements that are opposed to the values upon which the European Union was founded. In two countries they have actually captured the government, Viktor Orbán in Hungary and Jaroslaw Kaczyński in Poland. It so happens that Poland and Hungary are the largest recipients of the structural fund distributed by the EU. But actually my biggest concern is Italy. A very popular anti-European leader, Matteo Salvini, was gaining ground until he overestimated his success and broke up the government. That was a fatal mistake. His popularity is now declining. But he has actually been replaced by Giorgia Meloni of Fratelli d’Italia, who is even more of an extremist. The current government coalition is extremely weak.
