The Global Crisis Is Caused

Stock Market Bubbles Don't Grow Out Of Thin Air. They Have A Solid Basis In Reality, But Reality As Distorted By A Misconception.

Advocating Democracy Has, By Other People, Often Been Taken As A Form Of Imperialism, And Not Without Some Justification. So The Important Thing In A Democracy Is That It Doesn't Necessarily Have To Agree With What America's Interests Are, And It Doesn't Necessarily Have To Be Serving American Interests.

I Call Government That Works The Best For People Open Society, Which Is Basically Just Another More General Term For A Democracy That Is - You Call It Maybe A Liberal Democracy. It's Not Only Majority Rule But Also Respect For Minorities And Minority Opinions And The Rule Of Law. So It's Really A Sort Of Institutional Democracy.

I Admire Chancellor Merkel For Her Leadership Qualities, But She Is Leading Europe In The Wrong Direction.

We [at Soros Fund Management] Use Options And More Exotic Derivatives Sparingly. We Try To Catch New Trends Early And In Later Stages We Try To Catch Trend Reversals. Therefore, We Tend To Stabilize Rather Than Destabilize The Market. We Are Not Doing This As A Public Service. It Is Our Style Of Making Money.