What would you expect from the self proclaimed god-man who has destroyed the economies of several nations and is trying to do the same to America.
“I admire Chancellor Merkel for her leadership. But unfortunately she is taking Europe in the wrong direction,” the financier and philanthropist told the weekly Der Spiegel.
Soros warned against addressing the crisis with spending cuts, urging the injection of funds instead.
“Otherwise we will repeat the mistakes that plunged America into the Great Depression in 1929. That’s what Angela Merkel doesn’t understand,” he said.
US President Franklin Roosevelt addressed the crisis in 1933 with his New Deal, inspired by British economist John Keynes, which combined a reform of the banking system with major infrastructure projects.
Soros also told Der Spiegel, in remarks published in German on the magazine’s website, that he thought Europe could handle the crisis without the help of the International Monetary Fund.