Sorry about the lack of an open link, hope this fixes it.
Now it becomes clearer what is happening!
Obozo’s master explains it.
From “The Financial Times”
http://www.ft.com/cms/s/0/49b1654a-ed60-11dd-bd60-0000779fd2ac.html?nclick_check=1
The Game Changer
By George Soros
Published: January 28 2009 19:55 | Last updated: January 28 2009 19:55
“How unfair the system is has been revealed by a crisis that originated in the US yet is doing more damage to the periphery. Assistance is needed to protect the financial systems of periphery countries, including trade finance, something that will require large contingency funds available at little notice for brief periods of time. Periphery governments will also need long-term financing to enable them to engage in counter-cyclical fiscal policies.
In addition, banking regulations need to be internationally co-ordinated. Market regulations should be global as well. National governments also need to co-ordinate their macroeconomic policies in order to avoid wide currency swings and other disruption.”
Sounds like Soros is attempting to get the US to extend financing to all the “periphery” countries that have been damaged in the downturn along with tying the US into the global economy more strictly by enacting international market regulations that are binding upon all.
Individual nations can protect themselves from this sort of thing by enacting local legislation that strictly limits the leverage ratios of their investment and commercial banks and the activities they can engage in. However, that would not allow the international power brokers to seize control of the world’s economic gears which is Soros’ real intention.
“National governments also need to co-ordinate their macroeconomic policies in order to avoid wide currency swings and other disruption.”
Gee, I dunno. If they hung George Soros from a rope and threatened to do the same to other currency speculators, it would probably tame currency swings quite a bit.
Somehow that’s not the ‘gamechanger’ Soros has in mind.