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Soros Event Sets in Motion New Attacks on Dollar
Business & Media Institute ^ | 04/20/2011 | Dan Gainor

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.



TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: communism; corruption; democrats; diealready; dollar; economy; fraud; georgesoros; liberalfascism; obama; selfloathing; shadowparty; smearfinancier; socialism; socialistdemocrats; soros; spookydude; tyranny
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To: Ouderkirk

Wouldn’t it be sweet to give him a nudge off a balcony somewhere? Somewhere like the Petronas Towers....


21 posted on 04/21/2011 10:07:29 PM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: SatinDoll
I don’t see this as necessarily a bad situation.

Agreed. I hear the Europeans talk about "Austerity". If the Repub leadership grabs a hold of this term and redefine it for conservative purposes, this could be the political baseball bat that is needed to beat the Dems about the head:

Austerity measures are needed to save
the country...the poor...the government...minorities...Social Security...the environment...etc.

Without austerity measures...
our grandchildren will be yoked with our debt.
there will be no safety net
we cannot fight terrorists
cannot create jobs
etc.

22 posted on 04/22/2011 6:12:14 AM PDT by VRW Conspirator (Pray like it all depends on God. Shoot like it all depends on you.)
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To: PGalt; All
... The elites have conned us into thinking that the only possible “solution” to where we are is federal elections, which only vote in new puppets for the puppet masters to manipulate in an illusory shell game. We have been tricked into thinking we are free because we come together from time to time to select our rulers. ...

But because the globalists – with the aid of complicit domestic counterparts - have been able to capture our education system, our media, our political system, and our legal system, they have succeeded in dumbing us down and duping us into thinking that all other mechanisms for constraining power have been removed from the table. In fact, we have been convinced that all of the other fundamental institutions of our republic– aside from voting - are illegitimate, or even criminal. ...


Phenomenal article at zerohedge. thanks for the link.
23 posted on 04/22/2011 6:23:39 AM PDT by algernonpj (He who pays the piper . . .)
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To: SatinDoll
One problem with your otherwise sound ideas: We no longer have a public well enough educated and disciplined enough to execute said plan without falling to anarchy.
24 posted on 04/22/2011 6:29:38 AM PDT by Carry_Okie (The power to manage "The Environment" is the power to control the entire economy.)
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To: RobertClark

BTTT—very important article for all Freepers to read.


25 posted on 04/22/2011 6:38:23 AM PDT by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
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To: SatinDoll
You're thinking about the right end-result, but a journey to that result by the means of Soros' games will not work out well. I agree, we need to become somewhat isolationist, throw out the UN, NATO, IMF, World Bank, etc. We can become very independent as our ingenuity and manufacturing history would permit us to repeat what we have previously accomplished. Energy would be the concern, but with our abundance of coal and natural gas, we can be independent - Canada would always sell to us, so that is 60% of our daily imports right there.

Our obligation dictated by the Declaration of Independence is to throw out the government when it becomes intolerable. We have reached that point. We must disband our current federal government and all related agencies - shift all functions of government to the state level for a short period while a new federal government is formed and structured (adopting the Constitution as the guiding document). Then that government must request each needed function be ceded to it by every state - of course defense would be first. By tossing aside our current government, we will need to default on all foreign debt obligations and possibly restructure a new currency backed by a commodity.

We are past the point of no return.

26 posted on 04/22/2011 7:09:32 AM PDT by RobertClark (On a long enough timeline the survival rate for everyone drops to zero.)
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To: JoeProBono

A picture of Soros made up entirely of atomically decomposed devalued Currencies of the World.


27 posted on 04/22/2011 7:33:25 AM PDT by supremedoctrine (Come closer. I want to get a better look at you.)
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To: JoeProBono

A picture of Soros made up entirely of atomically decomposed devalued Currencies of the World.


28 posted on 04/22/2011 7:33:37 AM PDT by supremedoctrine (Come closer. I want to get a better look at you.)
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To: April Lexington
Mr. Soros... these are not nations who are traditionally friendly to Jews... Me thinks your bet is wrong...

The bet's a lie. From Dec 20, 1998 60 Minutes interview:

KROFT: My understanding is that you went out with this protector of yours who swore that you were his adopted godson.

Mr. SOROS: Yes. Yes.

KROFT: Went out, in fact, and helped in the confiscation of property from the Jews.

Mr. SOROS: Yes. That's right. Yes.

KROFT: I mean, that's -- that sounds like an experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?

Mr. SOROS: Not -- not at all. Not at all. Maybe as a child you don't -- you don't see the connection. But it was -- it created no -- no problem at all.

KROFT: No feeling of guilt?

Mr. SOROS: No.
29 posted on 04/22/2011 7:49:47 AM PDT by Renderofveils (My loathings are simple: stupidity, oppression, crime, cruelty, soft music. - Nabokov)
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To: unkus
[ And why didn’t George Bush and others expose 0bama in 2008? ]

AND Soros, SEIU, Unions buying off Congressmen(State and Federal), and the chicago mafia..

Bush's border shenanigans are very suspicious.. someone OWNS someone.. else this/that would be squashed.. Its obvious that America is being Milked like farm animals.. and fed upon..

Beck displays the Animal Farm daily on his TV program and America just "MOOooooo's"...

30 posted on 04/22/2011 9:30:26 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: hosepipe
Why the FBI?

Why not Mossad, the Chinese, or the Russian Mafia? This guy is leading a charmed life.

31 posted on 04/23/2011 8:36:36 AM PDT by Mamzelle
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To: Mamzelle
[ Why not Mossad, the Chinese, or the Russian Mafia? This guy is leading a charmed life. ]

Evil is as evil does.. its like a box of chocolates..

32 posted on 04/23/2011 9:49:51 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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