Friday, December 12, 2008

George Soros

Seems to be a filantrophe.

He's written a lot of books about the imperfect economy, about the imperfection of the financial marketsystem and the imperfections of the actors on those markets. The latest book (2008) is tittled the international creditcrisis, subtittle the future of the financial markets.

There must be change of that global financial system. We're not in the day's of Bretton Woods anymore. Europe is almost united in the EU and the far east plays another important role. The world isn't anymore what it used to be.

The EU has come to an agreement (under chairmanship of French president Sarkozy) on climate change, the credit crisis, the Irish no previous this year and other things.

While googling on some international English news about the EU-top, I found an artivle of Martin Kettle in the Guardian of 12 December 2008.

You should know that there are some tensions between the Anglo-American (Great Britain) and Rhineland bookkeepers (France, Germany, the Netherlands, etcetera) which model is adequate dealing with the present crisis. I think none of those models because of the reflexivity of the markets. Soros explained that in a 1998 book, tittled The crisis of global economy, subtittle the downfall of the free world.

The person who makes a model which explains the problems we face now, can earn a lot of money when he also knows the shortcomings of his model (because everything is liable to error as Soros said)

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