| | Soros: China Will Lead New World Order
| One Who Waits
User ID: 802195
10/28/2009 9:04 PM
Report abusive post | Soros: China Will Lead New World Order
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Billionaire globalist warns Americans against resisting new global financial system
Soros: China Will Lead New World Order
Paul Joseph Watson
Prison Planet.com
Wednesday, October 28, 2009
Billionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist the country’s decline as the dollar weakens, living standards drop, and a new global currency is introduced.
Asked what Obama should discuss when he visits China next month, Soros stated, “This would be the time because I think you really need to bring China into the creation of a new world order, financial world order,” adding that China was a reluctant member of the IMF who didn’t make enough of a contribution.
“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 in the same way as the United States owns…the current order,” said Soros, adding that the G20 was a move in this direction.
Soros said that there was a flight from currencies across the board, and that this is why the price of commodities, notably gold and oil, were generally rising. He also stated that an orderly decline of the dollar was “desirable” and that the entire system needed to be reconstituted towards a global currency.
Soros: China Will Lead New World Order
“You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the wider use of Special Drawing Rights, they could be very useful now when you have a global shortfall of demand, you could actually internationally create currency through Special Drawing Rights,” said Soros, explaining that this was already in process after the IMF injected an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion into the global economy.
Soros also stated that richer countries were already transferring wealth to poorer countries via SDR’s, with the IMF paying for the half per cent transaction cost.
Soros said the world would have to go through a “painful adjustment” following the decline of the dollar and the introduction of a global currency. Reading between the lines, he essentially threatened to kill the dollar completely if the United States did not get on board with the global currency.
Soros predicted that China would become the new engine of the global economy, replacing the U.S., and that this would slow economic growth and reduce living standards. Soros characterized the United States as a drag on the global economy because of the declining dollar.
Youtube link to Soros Interview
[link to www.youtube.com]
Last Edited by One Who Waits on 10/28/2009 at 9:26 PM |
| Anonymous Coward
User ID: 794136
10/28/2009 9:09 PM | | Re: Soros: China Will Lead New World Order | Quote |
Yeah, I trust this piece of shit Soros...NOT. Just another no-good, piece of sleazy garbage with too much money. |
| Anonymous Coward
User ID: 526155
10/28/2009 9:09 PM | | Re: Soros: China Will Lead New World Order | Quote |
It's ok, he's got ENEMIES in high places.  |
| Anonymous Coward
User ID: 638253
10/28/2009 9:11 PM | | Re: Soros: China Will Lead New World Order | Quote |
That scumbag is short the dollar...
. |
| Smiles99 
User ID: 773861
10/28/2009 9:12 PM
 | | Re: Soros: China Will Lead New World Order | Quote |
They will MARCH in upon the USA
"The illegal we do immediately. The unconstitutional takes a little longer."--Henry Kissinger
"Medicine is the keystone in the arch of socialism"
~Vladimir Lenin
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson |
| GraftedPromise
User ID: 802642
10/28/2009 9:16 PM | | Re: Soros: China Will Lead New World Order | Quote |
.
... so ... Soros thinks he has things arranged with the Chinese? ...
. |
| Anonymous Coward
User ID: 790335
10/28/2009 9:18 PM | | Re: Soros: China Will Lead New World Order | Quote |
Soros should stay clear of swimming pools and large staircases!He might get a heart attack or commit suicide! |
| Anonymous Coward
User ID: 758149
10/28/2009 9:22 PM | | Re: Soros: China Will Lead New World Order | Quote |
That scumbag is short the dollar...
.
Quoting: Anonymous Coward 638253
No kidding.
Listen folks, George Soros is a British Agent.
He is also Obamas handler.
Webster Tarpley said Robert Fisk ( the guy who said china wants to crash the dollar ) is controlled by George Soros!
DO YOU GET IT PEOPLE!
THE BRITISH ARE IN OUR GOVERNMENT AND THEY ARE TRYING TO DESTROY THE DOLLAR! NOT CHINA!
George Soros is panicking or he would never expose himself like this.
The military had better wake the fuck up real quick and remove Obama and Soros. |
| Anonymous Coward
User ID: 743646
10/28/2009 9:24 PM | | Re: Soros: China Will Lead New World Order | Quote |
That scumbag is short the dollar...
.
Quoting: Anonymous Coward 638253
Doubtful, he doesn't end up on the wrong side of many trades.
He led a cabal that encouraged the dollar carry trade, now he is profiting. Remember, every trade has a buyer and seller.
Who (goldman sachs/soros) do you think was on the other side of everyone and their dog shorting the dollar? |
| Anonymous Coward
User ID: 497757
10/28/2009 9:29 PM | | Anonymous Coward
User ID: 497757
10/28/2009 9:31 PM | | Freethinker
They can't eat ya...
User ID: 803599
10/28/2009 9:34 PM
 | | Re: Soros: China Will Lead New World Order | Quote |
Soros represents an evil older and more insidious than even Kissinger.
His place at the table of justice is set.
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
| Anonymous Coward
User ID: 497757
10/28/2009 9:39 PM | | Re: Soros: China Will Lead New World Order | Quote |
Converting the Preachers
George Soros launches a $50 million effort to purge economics of its free-market zeal.
By Michael Hirsh | Newsweek Web Exclusive
Oct 27, 2009
[link to www.newsweek.com]
"Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic adviser, in an interview in the weeks after the markets crashed a year ago. Yet to a remarkable degree, economic thinking hasn't changed very much at all.
Now financier George Soros is announcing a $50 million effort to speed things along. This week Soros is gathering some of the leading practitioners of the market-skeptic school, who were marginalized during the era of "free-market fundamentalism," among them Nobelists Joseph Stiglitz, George Akerlof, Michael Spence, and Sir James Mirrlees. He's also creating an "Institute for New Economic Thinking" to make research grants, convene symposiums, and establish a journal, all in an effort to take back the economics profession from the champions of free-market zealotry who have dominated it for decades, and to correct the failures of decades of market deregulation. Soros hopes matching funds will bring the total endowment up to $200 million. "Economics has failed not only to predict and explain what happened but has also failed to protect society," says Robert Johnson, a former managing director at Soros Fund Management, who will direct the new institute. "That's what the crisis revealed. The paradigm has failed. There is no guidance."
It might be tempting to dismiss all this as a war of words among brainiacs. It's not. The critical issues being discussed in Washington about the future regulation and control of the financial industry—the very nature of Wall Street and the health of the economy—depend on this battle of ideas. What led to wholesale deregulation in the '90s and '00s wasn't just Wall Street lobbying money. It was also that key legislators and policymakers, among them Larry Summers, persuaded themselves that deregulation was sound economics and good policy, and that markets and Wall Street institutions could take care of themselves. Many of those views have been discredited by the crisis. But in the absence of a new paradigm of economics, confusion still reigns in Washington. With no new concept of the proper role of government and regulation in the economy, of the proper balance between the markets and their minders, the old school still dominates.
And almost by default, the profession and many of its leading journals remain controlled by free-market thinking out of the University of Chicago, Stanford, MIT, and other institutions, Soros, Johnson, and others argue. Free-market thinking also dominates the debate on everything from the "too big to fail" problem to health care. And some of the economists whose work was most prescient, and most ignored, remain marginalized.
Exhibit No. 1: the late Hyman Minsky, a bushy-haired dissident at the University of California, Berkeley, and Washington University who saw into the heart of financial-market mania perhaps more deeply than anyone else. Minsky's "Financial Instability Hypothesis," which he developed in the '60s, held that success in financial markets always breeds its own instability. The longer a boom lasts, the less market players consider failure a possibility; as a result, careful borrowing, lending, and investment inevitably give way to recklessness and speculative euphoria. Margins and capital cushions come to be seen as unnecessary. At a certain watershed point—sometimes called a "Minsky moment"—the foreordained collapse begins. The most speculative bets crash, loans are called in, asset values plunge, and the downward spiral feeds on itself. That's what happened over the last two years.
Minsky was in effect filling in many of the intellectual blanks left by John Maynard Keynes on the critical question of how financial markets affect the "real" economy. Nonetheless, an assessment of Minsky in 1997, a year after he died, concluded that his "work has not had a major influence in the macroeconomic discussions of the last thirty years." Since the current crash, Minsky has been rediscovered by economic pundits, and now a few economists are struggling to turn his insights into a model of how the economy really works.
But it's all happening very slowly. And with no rules of the road, we have entered a Mad Max world of economics in which even the most eminent of our top regulators and central bankers can't seem to agree on the fundamental nature of financial markets. One clash of titans is occurring between Paul Volcker and Ben Bernanke. Volcker, the former Fed chief, wants commercial banks barred from heavy proprietary trading. "I don't want them to be Goldman Sachs, running a zillion proprietary operations," he told me recently. Bernanke, the current Fed chairman, doesn't want to tamper nearly as much with the structure of the Street; instead, he wants to restrain the big banks through changed incentives, such as by tying compensation to long-term performance, and through increased capital requirements. Across the Atlantic, Mervyn King, the governor of the Bank of England, is engaged in a fierce debate with Britain's chancellor of the Exchequer, Alistair Darling, over breaking up big banks. King says breaking them up is the only way to prevent another catastrophe; Darling says King doesn’t know what he’s talking about.
Even Alan Greenspan appears to be engaged in a fierce argument ... with his own younger self. "U.S. regulators should consider breaking up large financial institutions considered 'too big to fail,' " he said earlier this month. But for most of his life, Greenspan was an Ayn Rand libertarian who abhorred the idea that government should break up anything; he once wrote that "the entire structure of antitrust statutes in this country is a jumble of economic irrationality and ignorance." Bigger was better, he said, and that way of thinking largely governed his stewardship of the Fed from 1987 to 2005. "The control by Standard Oil, at the turn of the century, of more than eighty percent of refining capacity made economic sense and accelerated the growth of the American economy," Greenspan wrote in Capitalism: the Unknown Ideal in 1961. But Greenspan now has this to say about banks: "If they're too big to fail, they're too big. In 1911, we broke up Standard Oil—so what happened? The individual parts became more valuable than the whole. Maybe that's what we need to do."
Maybe it is, or maybe it isn't. Does anybody know anything any more? Again, many of these debates go back to basic questions of economic wisdom. Even Adam Smith, the founder of free-market thinking, noted that banking should be treated differently than other businesses. Financial markets, constantly haunted by panics and manias, are more prone to failure and are more critical to the economy's health. That wisdom was lost or marginalized in recent decades as the "efficient-market hypothesis" ruled the era. But that doesn't mean the pendulum should necessarily swing all the way in the other direction. Should finance be regulated almost like a public utility, as Keynes and Minsky thought? Some, like Bernanke and Summers, say that too much of that kind of thinking will inhibit healthy innovation. "The Keynesians were romantic about the possibilities of governments. The free-marketers were romantic about the possibilities of markets," says Johnson. "But the policies in neither camp have much validity at this point." While this intellectual interregnum drags on, Wall Street-affiliated lobbies are moving into the vacuum and enjoying some success in watering down regulatory proposals, such as those concerning derivatives trading.
One thing seems certain: unless the economists get their act together, at least more than they have, the lobbyists may get to decide what the future looks like.
Michael Hirsh is also the author of At War with Ourselves: Why America Is Squandering Its Chance to Build a Better World.
Find this article at
[link to www.newsweek.com] |
| Anonymous
User ID: 805279
10/28/2009 9:40 PM | | Re: Soros: China Will Lead New World Order | Quote |
Darth Vader speaks, everyone should listen.
I just hope our MILITARY heard that!!! Take notes soldiers, Soros is telling us the gameplan.
"painful adjustment"= America will be occupied by China. Hello Generals are you listening???
Soros is so (*&^(* evil. From when he pointed out to the Nazis who/where his own people were located (jews) to the 90s when he (*^(*&^ with the currency in Asia, knowing riots would result and bloodshed, meanwhile he made a killing in bets...of course, to his puppet Obama... the very fact that man and his NGOs/"foundations" are allowed in this country shows how whacked our gov't is. |
| Anonymous Coward
User ID: 802880
10/28/2009 9:48 PM | | Re: Soros: China Will Lead New World Order | Quote |
Who controls china? |
| DEDALO
User ID: 786569
10/28/2009 9:57 PM | | Re: Soros: China Will Lead New World Order | Quote |
[link to www.whatdoesitmean.com]
To the greatest alarm caused in Russia by Obama’s being forced to give up this power is the man to whom he has given it to, and who, according to FSB files, is one of Communist China’s most deeply embedded spies in the United States and is the Americans current Secretary of Commerce, the first Chinese-American ever to hold a US governors office, former top China lobbyist, and longtime Clinton family “conduit” to Communist China, Gary (Lok Gaa-Fai) Locke.
Not being told to the American people about Secretary Locke is his longstanding ties with the Chinese Communists funneling money to the US Democratic Party under the regime of former President Clinton and his wife, now US Secretary of State, Hillary Clinton orchestrated by master China spy and former US deputy assistant secretary for International economic affairs under Clinton John Huang through the Lippo Bank in California and the Worthen Bank in Arkansas.
As Secretary of State Hillary Clinton has now declared that improving the United States ties with China is now her “personal mission”, these reports continue, Obama’s signing over of his power to Americas most strategic military secrets to Communist China through Secretary Locke “proves beyond all doubt” that the US has acquiesced to the Chinese who are expected in the next moves of the Great Game to strike the Motherland in a grab to gain for themselves the vast mineral, timber and fishery wealth of Siberia, the last such resources remaining in the World today.
[Note: Siberia makes up about 77% of Russia's territory (13.1 million square kilometres), but only 25% of Russia's population and holds some of the World's largest deposits of nickel, gold, lead, coal, molybdenum, gypsum, diamonds, silver and zinc, as well as extensive unexploited resources of oil and natural gas and whose Sea of Okhotsk is one of the two or three richest fisheries on the Planet.]
Being forgotten by these duplicitous and arrogant right-wing fascists now controlling America is that the Motherland is more than able to defend itself against them, including such notable figures as White House Communication Director Anita Dunn who was recently video taped praising the former brutal Chinese Communist Dictator Mao Tse-tung as one of her “favorite political philosophers”. |
| Windsage4
User ID: 759037
10/28/2009 10:03 PM | | Re: Soros: China Will Lead New World Order | Quote |
<<<“You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the wider use of Special Drawing Rights, they could be very useful now when you have a global shortfall of demand, you could actually internationally create currency through Special Drawing Rights,” said Soros,....>>>
**************"YOU COULD ACTUALLY INTERNATIONALLY CREATE CURRENCY THROUGH SPECIAL DRAWING RIGHTS"****************
******************************************************************************************************************
Great solution to the economic ills of the world, global fractional banking.....where next, inter-galactic fractional banking? |
| Anonymous Coward
User ID: 716745
11/1/2009 10:29 PM | | Re: Soros: China Will Lead New World Order | Quote |
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