Posted on 10/24/2009 1:32:17 AM PDT by Story Balloon
I found this recent interview of globalist George Soros discussing the new "financial new world order."
He goes into why he thinks the dollar has to be put aside as the major currency used and how China must be involved. He describes the way the ''new world order'' will have operate.
Here are a couple choice quotes from Soros. The video is 10 minutes long so there are plenty more:
"China will emerge as the mortar replacing the U.S. consumer."
"China will be the engine driving it forward. The U.S. will be a drag with the decline of the dollar."
Click here to watch the interview
Soros is just currying favor so he can stay on the inside to work his schemes, like he is doing with Obama and like his dad did with the Nazis. Did you think he was trying to help us out with some honest advice?
By the way, the U.S. printing program is about 12% as well, except 3Q GDP growth is only 3-4%, according to Romer.
There are rumors he is hedging against the dollar.
fyi
Americans with gold filings please report to the head of the
line!
Transcript. May not be perfect:
FT: What sort of a financial deal should Obama be seeking to strike when he travels to China next month?
GS: I think this would be time because you really need to bring China into the creation of a new world order, a financial world order. They are kind of reluctant members of the IMF. They play along, but they don’t make much of a contribution because it’s not their institution. Their share is not commensurate … their voting rights are not commensurate to their weight, so I think you need a new world order that China has to be part of the process of creating it and they have to buy in. They have to own it the same way as, let’s say, the United States owns the Washington consensus, the current order, and I think this would be a more stable one where you would have co-ordinated policies. I think the makings of it are already there because the G20, in agreeing to peer reviews, effectively is moving in that direction.
FT: Do you think it’s possible to persuade China to allow the renminbi to become stronger?
GS: I think that they would be … they’ve been advocating for it, so I would take them at their word and use this as a special drawing rights more often and make the renminbi, even though it’s not convertible, part of the SDR. In other words, it should be one of the currencies used in the special drawing right arrangement, and that will bring them in.
FT: And that’s possible even with the renminbi not being convertible?
GS: Yes. Yes. It has been considered before and I think the Brazilian real should also be part of it. I think that a number of currencies which constitute a basket can be and should be increased.
FT: And what about the American concern that aiding and abetting this move away from the dollar as the world’s reserve currency ultimately means a weakening of the US economy?
GS: No. I think that is … I mean, we did have great benefits from it, but we have abused it and I don’t think we can continue abusing it anyhow. So it is not necessarily in our interests to have the dollar as the sole world currency because as the world economy grows, it needs an additional currency and, if the dollar is that additional currency, it means that the US has to have chronic current account deficit. And that is not appropriate. I think it’s in our interests as well to reform the system.
FT: At least in the short-term, though, isn’t it very convenient for America that the rest of the world is underwriting American spending right now?
GS: Yes, it is, but the willingness to do so is greatly diminished. I think that you will find that effectively China will buy less and less of the US government bonds because it will have a smaller surplus for the United States because China will be diversifying. It will be lending to Brazil and South Africa and other countries in order to finance its exports to those countries. So I think this is a healthy, if painful, adjustment that the world has to go through.
FT: If America doesn’t actively take part in this sort of renegotiation of global finance, what will happen? What’s your nightmare scenario?
GS: Well, the Chinese will go bilateral. They already do it. They already have a clearing arrangement with Argentina and I think they’re working on one with Brazil, and you will find that there will be more and more bilateral arrangements. So the dollar will remain the main international currency, but its use will decline. So I think that a world of bilateral relations is less desirable than a continuation of a multilateral system. But the system we have now has actually broken down, only we haven’t quite recognised it and so you need to create a new one and this is the time to do it.
FT: In the United States, how worried are you about the budget deficit and maybe about the possibility of inflation?
GS: Well, certainly a decline in the value of the dollar is necessary in order compensate for the fact that the US economy will remain rather weak, will be a drag on the global economy. China will emerge as the motor replacing the US consumer and, of course, it’s a smaller motor because the Chinese economy is much smaller. So the world economy will have less of a motor, so it will move forward slower than it has in the last 25 years. But China will be the engine driving it forward and the US will be actually a drag that’s being pulled along through a gradual decline in the value of the dollar. So there would be a slow decline in the value of the dollar. A Managed decline. That would be the adjustment that it needs to be accomplished. Now it could actually get out of hand and certainly the fear of inflation will precede inflation itself.
[credit FT.com]
Soros and - The "Hostile Takeover" of America -
As a matter of policy, Soros’s Quantum Fund has never accepted money from any American investors–in order to stay outside the reach of U.S. government investigation. He operates in such locales as the Dutch Antilles and Switzerland, yet much of his ill-gotten gains have been devoted to what some of his colleagues jokingly refer to as the “hostile takeover” of America.
Throughout the 1980s and 1990s, Soros poured tens of millions of dollars into the campaign to legalize drugs–marijuana, heroin, and even crack cocaine. Soros refers to this as the “open society,” a lawless domain in which the only dictum is “harm reduction.” Soros’s dope legalization policies follow the model of the British East India Company, which waged two Opium Wars against China, during the 19th Century, to impose drug addiction on the population–for British profit and social control.
Soros’s latest hostile takeover target is the Democratic Party, and over the past eight years, Soros and a gang of fellow billionaires have come pretty close to achieving their goal. Starting soon after George W. Bush’s inauguration as President in early 2001, Soros poured a reported $18 million into passage of the McCain-Feingold campaign finance law (Soros has continued to be a major donor to McCain’s Reform Institute), which placed a cap on “soft money” donations to the political parties, but left open a loophole, allowing nominally independent groups, referred to as “527s,” to take unlimited donations.
Soros began buying up the first generation of 527s, including outfits like MoveOn, ACT (America Coming Together), and Media Matters.
Soros also played a pivotal role in the 2004 candidacy of Howard Dean, who bombed as a Presidential candidate, but was rewarded for his access to Soros loot with the chairmanship of the Democratic National Committee, after John Kerry’s loss to George Bush in November 2004.
From that perch, Howard Dean waged a ruthless campaign against candidate Hillary Rodham Clinton in the 2008 primary elections–in tandem with Soros’s Democracy Alliance, a secretive billionaires club, that pooled its money to take over and run a “vast left-wing conspiracy” of 527s, PACs, and think tanks, that has replaced any Democratic Party constituency organization.
In the meantime, Soros found his legion of honest Bush-haters, in groups like MoveOn and ACT, to be useful tools in his further grimy speculative binges. Following the Kerry defeat, MoveOn, the Center for American Progress, and other progressive groups on the Soros dole, targeted Vice President Dick Cheney and Halliburton, the giant oil and defense contractor that was profitting mightily off Bush and Cheney’s Iraq imperial misadventure.
The barrage of attacks on Halliburton drove the company stock down, from a peak of $40 down to $26–at which point Soros began buying up Halliburton shares. Between the third quarter of 2005, and the fourth quarter of 2006, Soros bought 2 million shares of Halliburton, at an average price of just over $31.
As the media attacks on Halliburton–in part, driven by Soros’s anti-Bush/Cheney and anti-war zeal–died down by late 2006, Halliburton shares quickly rebounded. By early 2008, with Halliburton shares nearing $50, Soros had made an estimated $40 million in clear profit, making him one of the larger Bush-Cheney war profiteers.
==============================================
EXCERPT "60 Minutes:" Soros admits he helped in the confiscation of Jewish properties
On Dec. 20, 1998, in the midst of his murderous speculative rampage against the currencies of Malaysia, Indonesia, South Korea, and other targeted Asian nations, George Soros appeared on CBS-TV’s “60 Minutes,” to explain and defend his behavior. Confronted by interviewer Steve Kroft about his experiences as a youth in Hungary, under the Nazi occupation, Soros freely admitted that he posed as the “adopted godson” of an official of the Nazi-occupation government, and helped in the confiscation of Jewish properties.
“Kroft: And you watched lots of people get shipped off to the death camps.
“Soros: Right. I was 14 years old. And I would say that that’s when my character was made.
“Kroft: In what way?
“Soros: That one should think ahead. One should understand and anticipate events and when one is threatened. It was a tremendous threat of evil. I mean, it was a very personal experience of evil.
“Kroft: My understanding is that you went out with this protector of yours who swore that you were his adopted godson.
“Soros: Yes. Yes.
“Kroft: Went out, in fact, and helped in the confiscation of property from the Jews. “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?
“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?
“Soros: No.
“Kroft: For example that, `I’m Jewish and here I am, watching these people go. I could just as easily be there. I should be there.’ None of that?
“Soros: Well, of course I could be on the other side, or I could be the one from whom the thing is being taken away. But there was no sense that I shouldn’t be there, because that was–well, actually, in a funny way, it’s just like in markets–that if I weren’t there–of course, I wasn’t doing it, but somebody else would–would–would be taking it away anyhow. And it was the–whether I was there or not, I was only a spectator, the property was being taken away. I had no role in taking away the property. So I had no sense of guilt.”
In an earlier television interview on the same subject, Soros was even more blunt about his role as a Nazi collaborator in the Holocaust. On April 15, 1993, Soros appeared on WNET-TV and declared, “When the Germans came in,” his father explained to him that, “This is a lawless occupation. The normal rules don’t apply. You have to forget how you behave in a normal society. This is an abnormal situation. And he [Soros's father] arranged for all of us to have false papers, everybody had a different arrangement. I was adopted by an official of the ministry of agriculture, whose job was to take over Jewish properties, so I actually went with him and we took possession of these large estates. That was my identity. So it’s a strange, very strange life. I was 14 at the time.”
ping to post # 7..............Soros’ getting all his ducks lined up for the Big Takeover and Land Grab.
“Soros is just currying favor so he can stay on the inside to work his schemes, like he is doing with Obama and like his dad did with the Nazis. Did you think he was trying to help us out with some honest advice?”
Put this creep in jail. Trump up the charges, if necessary.
The way we know there really IS a vast left wing conspiracy - is because it's what they accused us of... They project their evil and think it'll stop people from looking at them. It's NOT working. Now, when they accuse us of something, I know what they're up to...
“There are rumors he is hedging against the dollar.”
Of course he is. But just try to find out where, and under what name!
In the meantime, Soros found his legion of honest Bush-haters, in groups like MoveOn and ACT, to be useful tools in his further grimy speculative binges. Following the Kerry defeat, MoveOn, the Center for American Progress, and other progressive groups on the Soros dole, targeted Vice President Dick Cheney and Halliburton, the giant oil and defense contractor that was profitting mightily off Bush and Cheney’s Iraq imperial misadventure.
The barrage of attacks on Halliburton drove the company stock down, from a peak of $40 down to $26–at which point Soros began buying up Halliburton shares. Between the third quarter of 2005, and the fourth quarter of 2006, Soros bought 2 million shares of Halliburton, at an average price of just over $31.
As the media attacks on Halliburton–in part, driven by Soros’s anti-Bush/Cheney and anti-war zeal–died down by late 2006, Halliburton shares quickly rebounded. By early 2008, with Halliburton shares nearing $50, Soros had made an estimated $40 million in clear profit, making him one of the larger Bush-Cheney war profiteers. “
Cold blooded monster.
Probably through one of his hedge companies such as Soros Fund Management LLC
The clown must've drawn the short straw, the one all attention's drawn to my friend.
The Soros leech is but one of many dirtballs. *Kind* of a club, y'know? LOL
When I was at the USAMPS school at Lackland many years ago I met an old Texan. He tried to explain these sorts of things to me. Did so by showing me how to catch a *lizard*.
Learned by wiggling a finger on my left hand in front of a lizard, the lizard will watch it very intently. As it does it gets grabbed with the right hand.
Sounds simply, eh?
It is.
Watch the right hand, *not* the left finger.
Capiche? :^)
I dig.
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