November 11, 2009 (bumped)
Soros Calls for World Currency and “New World Architecture”
In a shocking Op-Ed piece published on project-syndicate.org, globalist financier George Soros calls for a "New World Architecture".
In the essay, it states how international capitalism, led by the United States has "broken down" and how "A new multilateral system based on sounder principals must be invented" through the use of the IMF (International Monetary Fund).
Soros goes on to recommend SDR's (Special Drawing Rights), created by the IMF, as a replacement for the declining US Dollar,"The dollar no longer enjoys the trust and confidence that it once did ...
The US ought not to shy away from wider use of IMF Special Drawing Rights. Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage."The issuance of SDR's among the world economies would place all currencies on a level playing field, whose value would be determined by the international SDR.
Soros also calls for the United Nations and its Security Council, currently led by President Barack Obama, in direct violation of the U.S, Constitution, to serve as the overseeing enforcement body for this new financial system,"Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council.
That process needs to be initiated by the US, but China and other developing countries ought to participate as equals ...
The system cannot survive in its present form, and the US has more to lose by not being in the forefront of reforming it. "In the most troubling part of this his article, Soros calls public outcry over the declining economy and outrage against globalism, "populist demagogy" and eludes to a new U.S. led war overseas stating, "In fact, democracy is in deep trouble in America. The financial crisis has inflicted hardship on a population that does not like to face harsh reality...
If Obama fails, the next administration will be sorely tempted to create some diversion from troubles at home -- at great peril to the world."
(and this was already posted)
China Will Lead New World Order According to George Soros
Billionaire globalist warns Americans against resisting new global financial system
October 28, 2009
Billionaire globalist George Soros says that China will replace 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,(link Obama to visit Japan, Singapore, China and South Korea) 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.
“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. (link Global Currency (Super Currency)
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.
Soros: China Must Be Part Of The New World Order
Video:
http://www.youtube.com/watch?v=TOjckJWqb0A&feature=player_embedded#
Billionaire globalist warns Americans against resisting new global financial system
October 28, 2009
Billionaire globalist George Soros says that China will replace 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,(link Obama to visit Japan, Singapore, China and South Korea) 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.
“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. (link Global Currency (Super Currency)
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.
Soros: China Must Be Part Of The New World Order
Video:
http://www.youtube.com/watch?v=TOjckJWqb0A&feature=player_embedded#
