Posted on 04/21/2011 6:55:13 PM PDT by RobertClark
It's been two weeks since George Soros bought himself a major economic conference designed to remake the entire global economy. Just because the event received little major news attention, it still had an impact Americans might be reeling from for years.When the anti-American Soros spent $50 million creating the New York City-based Institute for New Economic Thinking (INET), he set in motion a major move against the dollar. The billionaire who once crushed the British pound through currency trading openly declared his plans to 'reform the currency system.' In the Machiavellian mind of Soros, the dollar needed to take a back seat and end its stint as the world reserve currency. 'The dollar no longer enjoys the trust and confidence that it once did, yet no other currency can take its place,' he wrote in late 2009.
In 2011, he was already pushing aside the dollar. 'The big question is whether the U.S. dollar should be the reserve currency; and, in fact, it no longer is,' Soros told Bloomberg. He's not the only one. Nobel Prize winning economist and Soros buddy Joseph Stiglitz said he is arguing for 'a global reserve currency.' Stiglitz, who also chairs the UN General Assembly on Reforms of the International Monetary and Financial System, called for a new 'global system,' saying the current one is 'fundamentally unfair because it means that poor countries are lending to the U.S. at close to zero interest rates.'
In the short time following the Soros-funded Bretton Woods event, the move against the dollar has gained momentum rapidly. Soros wrote in 2009 that 'the rising powers must be present at the creation of this new system to ensure that they will be active supporters.' Here come those rising powers right now, singing the Soros tune.
The five BRICS nations - Brazil, Russia, India, China and new member South Africa - had their third summit meeting one week after Soros held his. Unsurprisingly, the themes were similar, with BRICS nations calling 'for a restructuring of the World War II-era global financial system and an eventual end to the long reign of the U.S. dollar as the world's reserve currency.'
We've heard that all before - from Soros himself. In 2009, Soros called for the increased use of an obscure economic tool called Special Drawing Rights (SDRs). Before your eyes glaze over, SDRs are essentially a 'basket of currencies' - the euro, Japanese yen, pound sterling and U.S. dollar. If the world starts using them more and the dollar less, then U.S. economic status declines.
According to The Pioneer of India, those five nations 'have called for 'a broad-based international reserve currency system providing stability and certainty.'' The group also wants more of a say in how international economic institutions are run and what currencies make up the SDR basket. That last concern reflects an existing move to include the Chinese remimbi in the SDR selection.
The Wall Street Journal agreed that's what's going on, quoting Chinese central bank-governor Zhou Xiaochuan saying the G-20 nations are considering adding China's currency to the four other in the SDR. ''If someone suggests that the RMB [the renminbi] should be in the SDR, I welcome this kind of opinion,' Mr. Zhou told a panel discussion.' He's not alone. Michael Pettis, a finance professor at Peking University and a senior associate at the Soros-funded Carnegie Endowment for International Peace, claimed that the dollar is even bad for the United States. In a Financial Times opinion piece, he argued 'America must give up on the dollar.' The Financial Times, you'll remember, had five news employees speak at Soros's Bretton Woods event, too.
But this isn't an organized effort or anything.
The push for a new world currency wasn't the only major news coming from the Soros conference, though most major news outlets ignored the entire gathering. The International Monetary Fund might be getting a new leader, one of the speakers at the event in fact. The IMF is part of the old world economic order that came from the first Bretton Woods. To promote your candidacy these days, all you have to do is hang with the right people.
According to the Daily Mail, former British Prime Minister Gordon Brown 'has emerged as a favourite for the £270,000-a-year role after networking this week at a conference of policymakers at Bretton Woods in New Hampshire, where the IMF was founded.' It's not what you know, it's who after all. So, the pro-Soros movers and shakers are making their push to control the IMF too.
Brown is a perfect fit for the Soros economic view. At the conference, one of his takeaway lines was: 'American and European dominance is no longer a fact.'
Clearly, that's the takeaway that Soros wants us to believe, at least.
I’m afraid lead will be the new precious metal and, ultimately, the last reserve currency.
That POS is still alive because hell won’t have him. Yet I think that the time has come to give him a push into the after-life.
It is the ‘precious metal’ in which I am most heavily invested.
that lead you’re referring to...... .223FMJ?
Soros is only a passenger, not the driver. We killed the dollar all by ourselves by repeatedly returning our local pork purveyor to Congress and constantly buying the “latest” crap from China after the old crap became obsolete. BB indulged us like an older child handing out cookies to the younger children.
Obama & Soros -- the financial terrorist -- are thicker than blood. A man with a checkbook but no country.
He made his billions by shorting over-valued currencies of countries in Europe and Asia. The Tea Party wants to cut the deficit, and return the dollar to a position of strength. Meanwhile, 'Helicopter Ben' Bernanke is printing hundreds of billions of dollar bills to weaken it. So George placed a bet, shorting the dollar, and the Tea Party policies would cost him a fortune. Is that about right?
Now add Africa and the Middle East and the rising futures price of oil...
It's going to get much worse before it get's any better, I'm afraid.
Zer0 doesn't care about left or right... he's there to bring down America...
The latest from Soros at INET...”Conversation: Volcker and Soros”, Sunday, April 10, 2011...
http://ineteconomics.org/net/video/playlist/conference/bretton-woods/S
Thanks to poster “Life of Illusion” from zerohedge (Getting Off The Globalist Chessboard) for posting the above link yesterday (about 1/2 way down on the scrollbar)...here...
http://www.zerohedge.com/article/guest-post-getting-globalist-chessboard-introduction
When is this scum going to be arrested.
This is who’s really running the U.S. and Obama is just his puppet.
Does Soros OWN the FBI?...
-OR- does he OWN those that themselves OWN the FBI!?...
-OR- Is he in bed with those that control the FBI!!?...
I wonder when his air intake system or his red hydraulic pump is terminated. Sheese, why has the world allowed this guy to continue?
I know where the lead needs to be placed.
I don’t see this as necessarily a bad situation.
We can chuck the United Nations off our shores, for starters, and the IMF after them. Hey, they won’t need our money anymore, now will they?
I do not support isolationism, but I know this nation can be energy independent.
I know we can feed ourselves and export any leftovers.
I know we have technological know-how. Hell, that’s why the Chinese are always stealing ideas from us!
Right now we need some time to get ourselves reorganized along Constitutional constructs.
We must bring our military home from policing the rest of the world. I’m sure you’ve all noticed the rest of the world really doesn’t appreciate our efforts.
Screw ‘em.
We can launch the Third Industrial Revolution without the rest of the world. Then laugh hysterically watching them all try to catch up from their failed experiment in ‘Globalism’.
Mr. Soros... these are not nations who are traditionally friendly to Jews... Me thinks your bet is wrong...
He should have been arrested a long time ago.
Where is the FBI!!?...
Does Soros OWN the FBI?...
-OR- does he OWN those that themselves OWN the FBI!?...
-OR- Is he in bed with those that control the FBI!!?...
Exactly!
And why didn’t George Bush and others expose 0bama in 2008?
Bush must to have had information on the evil bastard.
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