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    George Soros Says Crash Imminent, But It Might Take 8 Years

    Mac Slavo
    April 14th, 2010
    SHTFplan.com
    Comments (22)
    Read by 1,795 people

    Billionaire financier George Soros warns that we are creating another environment which will inevitably lead to a crash, but this time, it won’t be just stock markets and it will be an even bigger boom and bust than the recent credit crisis.

    Via Reuters:

    “Unless we learn the lessons, that markets are inherently unstable and that stability needs to the objective of public policy, we are facing a yet larger bubble.

    “We have added to the leverage by replacing private credit with sovereign credit and increasing national debt by a significant amount.”

    Though many contrarian analysts and investors have suggested that a massive economic catastrophe will occur sometime in the next 0 to 3 years, Soros is a bit more optimistic on time frame, according to Reuter’s Funds Hub:

    One crumb of comfort could be the 10-year period between the 1998 Asian crisis and the 2008 credit crisis. If the pattern is repeated, it should at least mean we have another 8 years to go before the next crash…

    So much for trying to time when the next crash will hit.

    *Note: A transcript of Mr. Soros’ speech has not been made available, thus the “8 year” time frame may simply be an interpretation of an unnamed Reuters reporter.

    The Reuters report suggests that the credit crisis is behind us and a new boom cycle has begun, but it seems to us that we are still within the bust cycle at this time.

    Our view is that Mr. Robert Prechter’s recent assessment of stock markets may be a little more accurate, as it is hard to imagine a scenario where we are approaching another “boom” cycle which will not bust for eight more years.

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    Author: Mac Slavo
    Views: Read by 1,795 people
    Date: April 14th, 2010
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

     

    22 Comments...

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    1. Sam says:

      Comments…..I said it before and I will say it again, the year is 2016 till then enjoy the roller coaster and hang tight.

      Rate This Comment: Thumb up 0 Thumb down 0

    2. Paul Revere says:

      Try 2011 – 2012.

      Rate This Comment: Thumb up 0 Thumb down 0

    3. Cynical Optimist says:

      My gut says five years left before it’s game over childrens…

      Rate This Comment: Thumb up 0 Thumb down 0

    4. why on earth would anyone take seriously anything that comes out of that slimey greaseball’s mouth? because he’s ‘rich’? come on! take that info and reverse it and you’re near the truth. if he says 8 years then you can be sure Amageddon is imminent. I’ll put my money on 8-18 MONTHS.

      Rate This Comment: Thumb up 0 Thumb down 0

    5. MadMarkie says:

      I really can’t believe that we will be having Presidential Elections happening in 2012. Ron Paul is polling heads up even with Barkie Obungle right now; Barkie’s numbers aren’t going to improve anytime soon either. Just wait and see what happens to the current numbers if/when Barkie pushes his so-called “Immigration Reform Bill” through Congress; his ratings will be measured in negative numbers.

      I am 10 months away from receiving early Social Security Retirement Benefits. I think that I’m going to get what I can while I can; at least until the world as we know it comes crashing down around us.

      Rate This Comment: Thumb up 0 Thumb down 0

    6. mike comkler says:

      the doomsday scenario……..

      ……an unpredictable  minor fiduciary revelation will suddenly expand to expose the world’s huge  rotten financial core  and then the entire world’s financial network will swiftly implode as the stronger launch the lifeboats carrying all the residual real wealth.

      good luck to those left stranded on the poop deck.

      (this is how these things always happen)

      Rate This Comment: Thumb up 0 Thumb down 0

    7. Tony says:

      Financial Amageddon is already here. We have been in the beginning stages of it since the end of 2008. Everything will implode around the middle of 2012.

      Like I said, things have already to go down since the end of 2008. 2009 was also a bad year. The rest of this year will continue to get worse. The real panic will start at the end of this year. 2011 will be TERRIBLE with the floor completely falling out in 2012.

      This is my take.

      (P.S. Anyone notice Bernanke (who was WRONG about everything over the past 3 years)is starting to come out with his doomsday predictions now as the DOW approaches and climbs slightly pass the  11,000 mark.)

      The wise have been making preparations for about a year now. There will be no excuses when the SHTF. Everyone had pleny of time to prepare.

      Rate This Comment: Thumb up 0 Thumb down 0

    8. Henry says:

      How do you know this man didn’t make his money on pure luck?
      How do you know, because of his ideology, someone, or a group, have not supplied him with inside info on market manipulation schemes, and will continue to do so, as long as he holds that ideology?

      Rate This Comment: Thumb up 0 Thumb down 0

    9. sam says:

      Comments…..Henry, there is no such thing as luck, this man and his cronies are the inside, it is they who create the idealogy for the outside world.

      Rate This Comment: Thumb up 0 Thumb down 0

    10. Mary says:

      Didn’t I hear some where that he is responsible for destroying many foreign economies? Luck- I don’t think so. Evil scumbag! Far closer to the truth.

      Rate This Comment: Thumb up 1 Thumb down 0

    11. Willie Wonka says:

      He’s scummier than obama, and thats hard to do.  He is evil incarnate, epitome of mans dark side.  He is worse than a Hitler type because he is a behind the scenes coward, not willing to expose his evil openly for all the world to see.

      Rate This Comment: Thumb up 0 Thumb down 0

    12. zukadu says:

      The crash will occur on May 24th at 4:02 Pacific Time. Have your ducks in a row by then. On a scale of, say, one to ten, this crash will rate a nine, 9.25, or above. It will reveal the cracks in the financial system, leaving open fissures in the economy. Some people, with reason, will think the sky is falling. But its not yet TEOTWAWKI.

      The other “shoe” will fall within 90 days thereafter. 

      Rate This Comment: Thumb up 0 Thumb down 0

    13. grannyb says:

      Dang, zukadu – I was hoping for a little more time!!! ;-)
      Been reading “Aftershock” by Wiedemer(s) and Spitzer. They estimate things ramping up by the end of this year going into next, with the very worst hitting by 2012-2014.  But so many things are hitting the economies of the world right now, and financially they are already shaky. I’ve still got several big things I need to get/make before TSHTF!!! What to look for on that date that will set it off???

      Rate This Comment: Thumb up 0 Thumb down 0

    14. zukadu says:

      People in Hell want ice water too, GrannyB!   :-)

      Sorry Granny, I can’t control the time. Just share it. You won’t have to look for anything. It will be self evident. I try to use time as an ally. The man or woman who masters patience masters all things. Just continue to apply yourself, doing what you are doing. You have lots of time. Drain your bank accounts to the minimum balance earlier that day, (its a Monday I think) so you can access your cash if you need it and accounts are frozen for a week or two. Convert to silver if you have extra. Who knows, you make get a windfall before then anyway. Stranger things have happened.

      Time is the protocal by which God catelogs eternity. Give thanks for a 30 day notice.   :-)

      Rate This Comment: Thumb up 0 Thumb down 0

    15. xopatriot says:

      On what do you base that date zukadu?

      From all the trend forecasters I have been reading they say things will begin to deteriorate beginning in July and accelerating by the end of this year. None really give an exact date but a rough time line. The army is now training to take on the american people and that seems to fall in line with the predictions of martial law in the 1st 6 months of next year. That means a panic by end of this year/Beginning of next. I think they will try and squeeze what is left of the sheep for Christmas combined with high gasoline prices (they will blame the current oil spill for the hike in oil prices).  

      Rate This Comment: Thumb up 0 Thumb down 0

    16. Rod says:

      Comments….MR SOROS YOUR MONEY WILL PERISH JUST LIKE YOU.

      Rate This Comment: Thumb up 0 Thumb down 0

    17. fred miller says:

      What happens when the sheep comprehend that Obingo’s BC is a total forgery (which has been proven beyond any doubt) or that he is a tax cheat himself, nevermind most of his “appointees” They all know whats coming..why else would they be ignoring the economy and the invasion from the south….They know its already over….

      Rate This Comment: Thumb up 0 Thumb down 0

    18. Frank; says:

      I have’nt left any evidence with which one of you hysterical American boneheads could track me down for saying to you people what I’m going to say.Some of you talk about godly matters like there actually is a god and that you know what it is going think or react like. Listen to yourselves and some of your colleges. Some of you Americans are not well and I mean that in a most compassionate sense. Mr. Soros isn’t evil though I have never met the man, he does’nt scare me. But some of you who’ve written in to this site that I stumbled onto(honestly), would be cause for me to feel VVERRY uncomfortable. Truly.Some of you I believe, have crossed an emotional line at a time in your life when you were’nt equipped to deal with what you saw. I hope it’s something that passes for youall. chin up. Frank

      Rate This Comment: Thumb up 0 Thumb down 0

     
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