Soros Is "Having A Very Good Crisis," Murdoch Daily Boasts

March 26, 2009 — In the run-up to G-20 summit, Rupert Murdoch's The Australian, Australia's leading daily, glorifies Nazi protege George Soros as one of the few who forecast the collapse; made a profit off of it, and now, at last, is recognized as a leading economic philosopher, whose advice should be heeded at the G-20.

Interviewed "in his London mansion," Soros characterizes his role in the disaster threatening mankind, as "in a way, the culminating point of my life's work."

Soros, a felon convicted of insider trading in France, is hopeful that the crisis will drive the U.S. to support economic measures that will destroy it. He believes that the "growing awareness of the depth of the crisis" may pave the way to the adoption of many of his proposals at the G-20, "such as loosening Washington's grip on the International Monetary Fund," and "bringing in new international regulatory regimes for banking and markets."

Says Soros, "I am actually fairly optimistic because the problems are recognized and certainly the new team in America understands things pretty well the same way as I do. And I think Gordon Brown does, and he is providing leadership. He is working on the G-20 meeting in April as the sort of culminating point of some actions, so I think action will be taken."

Institutional Investor's Alpha magazine yesterday released its annual ranking of hedge fund managers based on money made in 2008. Soros was fourth, with $1.1 billion.