Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. George Soros More Quotes by George Soros More Quotes From George Soros The ultimate asset bubble is gold. George Soros assetsultimategold We in the United States are very often - since we are a democracy and we have national interests, we've often made the mistake that a democracy has to adopt America's interests, and that is a contradiction because a democracy basically is people deciding what their interests are. George Soros democracies-havemistakeamerica Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power. George Soros debtorseuropecountry Esperanto was a very useful language, because wherever you went, you found someone to speak with. George Soros esperantofound-someonelanguage Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention, and I wouldn't underestimate the value of that. But they're not designed to take care of social needs. George Soros great-inventionslooksneeds I think that my foundation uses the money better than the government does. In any event, I do pay taxes. George Soros foundationgovernmentthinking However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists. George Soros brokensuccessfulyears No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That's one of the positive features of markets. That's why they function. George Soros moralityinfluenceattention By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent. George Soros creatinggovernmentcountry Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in. George Soros governmentbusinesssteps In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments. George Soros investinglightintegrity I'm not doing my philanthropic work out of any kind of guilt, or any need to create good public relations. I'm doing it because I can afford to do it, and I believe in it. George Soros guiltworkbelieve You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel. George Soros punishmentgovernmentwould-be The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences. George Soros marijuanasubstancecountry The world is looking to us for leadership. We have provided it in the past; the main reason why anti-American feelings are so strong in the world today is that we are not providing it in the present. George Soros strongfeelingspast Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the crisis lies in the increasing shortage of oil. George Soros oilhumanitylying I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever. George Soros goldforevermean This crisis has the potential to be a lot worse than Lehman Brothers. George Soros lehman-brotherscrisisbrother A full and fair discussion is essential to democracy. George Soros democracyessentialspolitical The world order needs a major overhaul. George Soros orderworldneeds
