tagged w/ Soros
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Fortune-teller or engineer of the collapse?
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Billionaire investor George Soros has a new prediction for America. While it might be as dire as it gets for the financial wiz, this bet concerns more than just the value of the buck. According to Soros, there's about to be an all-out class war.
Soros, 81, previously bet against the British pound in the early 90s and made $1 billion off its collapse. In the years since, he’s remained active in investing, but also in advocacy. He’s helped keep Wikipedia afloat thanks to impressive contributions and through donations to the Tides Center, has indirectly funded Adbusters, the Canadian anti-capitalist magazine that put Occupy Wall Street on the map.
Speaking to Newsweek recently, Soros neglected to acknowledge his past successes, but instead offered a word of warning: a period of “evil” is coming to the western world.
“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Soros goes on to compare the current state of the western world with what the Soviet Union was facing as communism crumbled. Although he would think that history would have taught the globe a thing or two about noticing trends, Soros says that, despite past events providing a perfect example of what is to come, the end of an empire seems imminent.
“The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening,” adds Soros.
Soros goes on to say that as the crisis in the Eurozone only worsens, the American financial system will continue to be hit hard. On the way to a full-blown collapse, he cautions, Americans should expect society to alter accordingly. Riots will hit the streets, says Soros, and as a result, “It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”Fortune-teller or engineer of the collapse?
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Billionaire investor George... more
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Former fellow of George Soros’ Open Society and current Stanford University scholar Evgeny Morozov has called on Google and other search engines to become thought crime enforcers, by providing warnings about websites that contain “conspiracy theories” such as the belief, held by a majority of Americans, that global warming is not primarily man-made.
Morozov, whose biography confirms him as a well-connected insider, decries in a Slate piece how the Internet is a useful tool for “People who deny global warming” as well as “the anti-vaccination movement,” calling on Google to provide a “socially responsible curated treatment” that would marginalize such beliefs by amending search results.
His solution is to, “Nudge search engines to take more responsibility for their index and exercise a heavier curatorial control in presenting search results for issues like “global warming” or “vaccination.” Google already has a list of search queries that send most traffic to sites that trade in pseudoscience and conspiracy theories; why not treat them differently than normal queries? Thus, whenever users are presented with search results that are likely to send them to sites run by pseudoscientists or conspiracy theorists, Google may simply display a huge red banner asking users to exercise caution and check a previously generated list of authoritative resources before making up their minds.”
Morozov describes the potential that such a move will be judged as Google “shilling for Big Pharma or for Al Gore” as “a risk worth taking”.
This represents a similar argument to Cass Sunstein’s “cognitive infiltration,” an effort by Obama’s information czar to slap government warnings on controversial websites (including those claiming that exposure to sunlight is healthy). In a widely derided white paper, Sunstein called for political blogs to be forced to include pop ups that show “a quick argument for a competing view”. He also demanded that taxes be levied on dissenting opinions and even suggested that outright bans on certain thoughts should be enforced.
Giving companies like Google, which has grown to virtually become the gatekeeper of the entire Internet itself and is already engaging in SOPA-like acts of censorship, the power to denote which political and scientific positions are acceptable and which are fringe “conspiracy theories” is an insult to free thinking and smacks of Chinese-style thought control.
Morozov’s argument is also completely undermined by the fact that the two so-called fringe “conspiracy theories” he forwards as being in need of Google’s thought crime control, skepticism about global warming and the dangers of vaccines, are views held by millions of Americans and are not “fringe” at all.
According to the most recent polls, less than half of Americans now believe that global warming is caused by human activity, a number that has been slipping for the past several years.
FULL STORY HERE:
http://www.infowars.com/soros-mouthpiece-calls-on-google-to-police-conspiracy-theories/Former fellow of George Soros’ Open Society and current Stanford University... more
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TWIN-C VANILLA SPILLA, Song titled "BANG" exposing THE Barack OBAMA/ George SOROS PUPPET SHOW!! Wake up america don't vote for the man in the upcoming election , Soros YOUR DONE! QUIT REGULATING OUR FINANCIAL MARKETS YOU DISGUSTING LOOKING PIECE OF SHIT!! Interoil Corporation SCAM! Don't buy stock IOC ! VANILLA SPILLA EXPOSING TRUTH, 9/11TRUTH, America has been held hostage by Israel this needs to stop! VOTE FOR RON PAUL in the upcoming presidential election because he is our only hope! download this song at http://www.es.djs-music.com/dj-songs/2377TWIN-C VANILLA SPILLA, Song titled "BANG" exposing THE Barack OBAMA/ George... more
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Corruption isn't uniquely Republican. This liberal group's ploy reeks of vote-buying. I don't think any politician can be trusted, nor can individuals with an agenda. If we want elections that are representative of the people, it seems that we'd have a bipartisan group to oversee the vote-counting process. That fact that this liberal group is buying these posts with uncapped donations does little to curb my concerns.
With all of the uproar about what's happening in WI, I would expect to see people as outraged at this, but sadly, people don't seem to mind when the corruption serves their own interests.
"A small tax-exempt political group with ties to wealthy liberals like billionaire financier George Soros has quietly helped elect 11 reform-minded progressive Democrats as secretaries of state to oversee the election process in battleground states and keep Republican 'political operatives from deciding who can vote and how those votes are counted.'
Known as the Secretary of State Project (SOSP), the organization was formed by liberal activists in 2006 to put Democrats in charge of state election offices, where key decisions often are made in close races on which ballots are counted and which are not.
The group’s website said it wants to stop Republicans from 'manipulating' election results.
'Any serious commitment to wresting control of the country from the Republican Party must include removing their political operatives from deciding who can vote and whose votes will count,' the group said on its website, accusing some Republican secretaries of state of making 'partisan decisions.'..."
Yeah, that doesn't sound shady at all...Corruption isn't uniquely Republican. This liberal group's ploy reeks of... more
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President Obama, it turns out, is not quite as ardently anti-oil as imagined. Only when it comes to American oil interests does The One get riled to the point of distraction.
The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.
The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-Im Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.
If President Obama has embraced offshore drilling in Brazil, why not in the old U.S.A.? The land of the sorta free and the home of the heavily indebted has enormous offshore oil deposits, and last year ahead of the November elections, with gasoline at $4 a gallon, Congress let a ban on offshore drilling expire.
http://canadafreepress.com/index.php/article/34752President Obama, it turns out, is not quite as ardently anti-oil as imagined. Only... more
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You folks in the Gulf of Mexico are going to just love this! Since the BP oil spill 11 months ago, the Obama administration has only approved 1 of 107 permits filed to resume drilling for oil in the Gulf. Apparently, the two things we need most here in America, jobs and oil, are not priorities of Barack Obama. However, he has approved allowing Brazil′s Petrobras, their large oil company which is partially owned by Obama supporter George Soros, to conduct deep-water oil drilling in the Gulf of Mexico. How wonderful is that?
More........
http://www.rightpundits.com/?p=8441You folks in the Gulf of Mexico are going to just love this! Since the BP oil spill 11... more
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Billionaire financier George Soros stands to make handsome profits with his newly launched investment fund, established to capitalize on new “green energy” — a policy agenda largely dependent on government subsidies supported by the Obama White House.
In a statement announcing the new venture — dubbed Silver Lake Kraftwerk (SLKW) — Soros describes the fund’s role to “leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications… Developing alternative sources of energy and achieving greater energy efficiency is both a significant global investment opportunity and an environmental imperative.”
SLKW is “focused on providing growth capital to business innovators in the energy and resource sectors” and will operate in Silicon Valley and China.
The Washington Examiner’s Tim Carney notes the connection between Soros’ generous financing for liberal groups and their advancement of the “green” agenda. “The big-government policies advanced by the liberal outfits he funds — like Center for American Progress — will enrich the companies in which Soros is investing.”
http://www.theblaze.com/stories/new-soros-investment-fund-to-profit-from-obama-green-agenda/Billionaire financier George Soros stands to make handsome profits with his newly... more
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bambuu
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added this
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12 months ago
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Video at link
Julian Assange's motives, questionable past and the relative non-transparency of his organization and sources of funding point to massive disinformation campaign sponsored by one or more intelligence agencies or proxies.
Plus the guy gets as much mainstream media coverage than Sarah Palin and that alone is questionable.Video at link
Julian Assange's motives, questionable past and the relative... more
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ASHINGTON -- At a private meeting on Tuesday afternoon, George Soros, a longtime supporter of progressive causes, voiced blunt criticism of the Obama administration, going so far as to suggest that Democratic donors direct their support somewhere other than the president.
The Hungarian-American financier was speaking to a small side gathering of donors who had convened in Washington D.C. for the annual gathering of the Democracy Alliance -- a formal community of well-funded, progressive-minded individuals and activists.
According to multiple sources with knowledge of his remarks, Soros told those in attendance that he is "used to fighting losing battles but doesn't like to lose without fighting."
"We have just lost this election, we need to draw a line," he said, according to several Democratic sources. "And if this president can't do what we need, it is time to start looking somewhere else."
Michael Vachon, an adviser to Soros, did not dispute the comment, though he stressed that there was no transcript of a private gathering to check. Vachon also clarified that the longtime progressive giver was not referring to a primary challenge to the president.ASHINGTON -- At a private meeting on Tuesday afternoon, George Soros, a longtime... more
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Glenn Beck, as usual, trumped them all. He told his audience that Soros has a five-step plan:
1. Create a "shadow government" under the guise of humanitarian aid.
2. Take control of the media.
3. Destabilize the state by building anti-government sentiment. (Yes, Beck attacked his opponent for building anti-government sentiment.)
4. Subvert the American electoral system.
5. Take over the world, of course.
Glenn Beck's conspiracy theories are no less bizarre and inflammatory than those of LaRouche, but his nightly audience numbers in the millions. Earlier this year, Americans voted Beck their second favorite television personality after Oprah Winfrey.
In consequence, he is far more dangerous. It must be a great sorrow to George Soros, who having survived the Holocaust now finds himself the subject of the same kind of conspiracy theories that the Nazis used to demonize the Jews.
The big bad "Jewish masterminds" of Hitler's day were the Rothschilds, a family of bankers who have featured prominently in anti-Semitic conspiracy theories since the 1800s. Like Soros, they have been accused of controlling the media, instigating war, overthrowing governments, and of course, taking over the world.Glenn Beck, as usual, trumped them all. He told his audience that Soros has a... more
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mik661
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added this
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1 year ago
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Soros' manipulation and creation of chaos in the world to enrich himself while trying to bring about a one world order is incredibly frightening. First, because the progressive left has benefited greatly from Soros' largess in trying to achieve that goal of a global government, and second because he has already had some great success in bringing this evil goal to fruition.Soros' manipulation and creation of chaos in the world to enrich himself while... more
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Youtube Video Captures Undercover ‘Agent Povocateurs’ Assaulting Man at Montreal Protest
Yahya’s blog on life, politics, religion, culture, etc
July 4, 2010
A man arrested at Thursday’s march against police repression around the G20 Summit has come forward to reveal that he was assaulted by undercover “agents provocateurs” when he attempted to film them.
G20 VIDEO ‘Agent Provocateurs’: Violent Undercover Police Dressed as Protesters Assault Man…VIDEO...http://ctpatriot1970.wordpress.com/2010/07/04/g20-video-%E2%80%98agent-provocateurs%E2%80%99-violent-undercover-police-dressed-as-protesters-assault-man-video/
While 1,000 Montrealers, including many parents with young children, marched to denounce the abusive police treatment of G20 protestors, Montreal police apparently attempted to introduce agent provocateurs into the march. The provocateurs were spotted trying to enter the march on Sherbrooke Street, but were forced out by attentive march organizers. Two videos of the group of provocateurs were posted on youtube on Friday.Youtube Video Captures Undercover ‘Agent Povocateurs’ Assaulting Man at... more
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George Soros has brought together a crack team of the world's top economists and financial thinkers.
Its aim: To remake the world's economy as they see fit.
The New Institute of Economic Thinking is to be centered in London, but also fund programs around the world, the first of which will be in Oxford.
In order to reinvent economic thinking, he's brought together a crack team of top economic minds.
They're a "Justice League" if you will.
Read more: http://www.businessinsider.com/institute-for-new-economic-thinking-board-2010-4#ixzz0kNP7pnZS
These people make me sick. They're nothing but a bunch of globalist mafioso, eugenicist, NWO scum.
Here's a clip from Joseph Stieglitz's profile:
"Interests: Teaching at Columbia, global governance"
These are the faces of evil.George Soros has brought together a crack team of the world's top economists and... more
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Join AlterNet's collective investigative project into the bubble barons who got obscenely rich as they destroyed our economy. Help hold them accountable with Citizen Journalism.
February 24, 2010 |
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A century ago, the robber barons at the helm of the U.S. economy were easily identifiable titans of industry: Andrew Carnegie of Carnegie Steel, John D. Rockefeller of Standard Oil, financier and steel magnate J.P. Morgan. It was easy to draw the link between the robber barons' brutal business practices and their immense wealth; it was clear that these businessmen were, quite literally, robbing the American people in the course of amassing their fortunes.
The influence of today's super-rich is significantly harder to trace. Much of their wealth is managed in opaque Wall Street investment vehicles and byzantine corporate structures. They are less likely to slap their names on their ventures, and their profitable relationships with the most destructive segments of our economy are hidden behind layers of corporate control. In our post-industrial economy, they amass wealth not by producing things with actual value, but rather by riding waves of speculation, such as the housing bubble, to dizzying heights of wealth.
Today's super-rich are not robber barons, but bubble barons: they extract their fortunes from intensifying cycles of imaginary wealth creation and destruction, live at a far remove from their businesses, and evade accountability in the public spotlight. The robber barons stood behind their economic crimes; the bubble barons, for the most part, do not.
Beginning today, AlterNet and LittleSis.org are partnering in an investigation of these bubble barons -- a select group of American multi-billionaires who saw astronomic gains in wealth during the housing bubble, and who so far have evaded all accountability in the midst of the worst economic crisis since the Great Depression. Who are they? Where did their wealth come from? Where has it gone? How do they exercise their influence?
To find out, we need your help: Click here to sign up with LittleSis.org and join AlterNet's investigation of America's bubble barons. (E-mail citjo@alternet.org if you have any questions.)
Once you sign up, you'll receive instructions about how you can help with our research. You will also receive instructions on how to use LittleSis, a platform for collaborative research on influential Americans, which we like to call an "involuntary facebook."
We've identified 67 "bubble barons" (also listed below) to target with this investigation. All are worth $2 billion or more, and all have ties to the industries that benefited most from the housing bubble: real estate and finance. Some, such as New York mayor Michael Bloomberg, have enjoyed increases of over 400 percent on what were substantial fortunes in the pre-bubble years. Others, such as former Enron trader John Arnold, are newly minted billionaires.
Following the bubble barons' money will be a key component of our investigation; naturally, this will entail a closer look at their charitable and political activities. Bloomberg, for one, supports public health initiatives through his family foundation. George Soros is a well-known funder of progressive causes through his Open Society Institute. The Koch brothers, on the other hand, are prominent backers of conservative organizations.
All of these fortunes were built on the illusion of a sound economy -- an illusion that came crashing down for most of the country in 2007 and 2008, as record numbers of Americans lost their homes to foreclosure and saw their jobs disappear.
But the illusion didn't come crashing down for the bubble barons. The U.S. government came to their rescue, in the form of massive, taxpayer-funded Wall Street bailouts and a monetary policy that rewards wealth, above all -- the bubble barons, above all. While Americans struggle under the burden of double-digit interest rates on mortgages and credit cards and see their savings accounts eek out gains measured in basis points, the bubble barons are essentially getting paid unprecedented amounts to sit on their money, simply because they have lots and lots of it.
More at the link above:Join AlterNet's collective investigative project into the bubble barons who got... more
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Haiti Has Larger Oil Reserves Than Venezuela Say Scientists (An Olympic Pool Compared to a Glass of Water)
I have heard rumors that Haiti has vast oil reserves -- and that the globalists want these reserves. However, the globalists cannot get the reserves, because the oil belongs to the Haitian people. So the globalists do not allow the Haitians to exploit the oil reserves, because it would allow the Haitian people to prosper. It would allow the Haitians to build proper infrastructure, so that 7.0 earthquakes do not have such a devastating effect.
The article below is translated from French (read the original here) using Google, so it may not be 100% translated and of course verify whether these scientists are to be believed. Nevertheless, as I stated in my previous article Haiti Has Huge Resources of Gold and Iridium Says Former Dominican Petroleum Refinery President Leopoldo Espaillat Nanita, it is interesting that Bill Clinton and George Soros have been recently talking about rebuilding Haiti's infrastructure and starting business ventures in the country. Perhaps Clinton, Soros and the many other globalists have confirmed that these oil, gold, uranium, zyconium and iridium deposits DO exist in Haiti and they want to gain control at the expense of the Haitian people.
Haiti is full of oil say Daniel and Ginette Mathurin
Scientists Daniel and Ginette Mathurin indicate that under Haitian soil is rich in oil and fuel fossible which were collected by Haitian and foreign experts. "We have identified 20 sites Oil, launches Daniel Mathurin stating that 5 of them are considered very important by practitioners and policies.
The Central Plateau, including the region of Thomond, the plain of the cul-de-sac and the bay of Port-au-Prince are filled with oil, he said, adding that Haiti's oil reserves are larger than those of Venezuela. An Olympic pool compared to a glass of water that is the comparison to show the importance of oil Haitian compared to those of Venezuela, "he explains.
Venezuela is one of the world's largest producers of oil.
Daniel Mathurin reveals that investigations of several previous governments have allowed to verify the existence of these large deposits of oil. It reminds a document of Lavalas party to power in 2004, had specified the number of sites in Haiti hydrocarbons.
According to Daniel et Ginette Mathurin, the lake region, with cities like Thomazeau and Cornillon, contains large deposits of oil.
Asked about the non-exploitation of these sites, Ginette Mathurin said that these deposits are declared strategic reserves of the United States of America. While stating his incomprehension of such a situation, it reminds that the Caribbean is considered the backyard of the United States.
But Daniel and Ginette Mathurin indicate that the U.S. government in 2005 authorized the use of strategic reserves of the United States. This door must be used by the Haitian political négiciations to launch with U.S. companies with a view to exploiting these deposits adds Daniel Mathurin
Experts argue that the government acted Jean Claude Duvalier had verified the existence of a major oilfield in the bay of Port-au-Prince shortly before its fall.
Moreover, Daniel et Ginette Mathurin show that uranium 238 and 235 and the deposit zyconium exist in several regions including in Jacmel. Uranium is used in nuclear reactors to produce electrical energy.Haiti Has Larger Oil Reserves Than Venezuela Say Scientists (An Olympic Pool Compared... more
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"Developing countries have walked out on the Copenhagen climate talks, but one of the primary reasons as to why nations like China and India have boycotted the summit is being hidden by the corporate media – namely the fact that the negotiations were doomed once poorer countries learned of the globalist’s neo-colonial agenda as a result of the Danish text leak.
“Negotiations at the UN climate summit have been suspended after developing countries withdrew their co-operation,” reports the BBC.
“Delegations were angry at what they saw as moves by the Danish host government to sideline talks on more emission cuts under the Kyoto Protocol. As news spread around the conference centre, activists chanted “We stand with Africa – Kyoto targets now”.
However, the media has completely failed to highlight the real reason behind the walk out – the fact that funds from climate financing, originally allocated to go to the UN and then be doled out piecemeal to third world nations, would instead be paid directly into the coffers of the World Bank and IMF, organizations that have made a habit out of looting poorer countries with crippling debts that cannot be paid back, forcing such countries to hand over their entire infrastructure to globalist loan sharks.
In the leaked Copenhagen text that emerged last week, leaders of third world countries were horrified to discover that developed nations would take on less of a burden than anticipated and that more would be demanded of poorer countries despite the fact that any further cuts in CO2 emissions would further cripple their flimsy economies and poverty-stricken people.
Billionaire elitist George Soros subsequently told Copenhagen delegates how poorer nations would be forced to take on what he described as “green loans” in the name of combating climate change, a policy that would land the already financially devastated third world with even more debt, payable to globalist institutions such as the IMF.
Soros said that $100 billion should be provided in loans to poorer nations to help slow global warming. The proposal would entail third world countries paying back interest to the governments of the richer nations to stem a perceived crisis that they have had little or no direct involvement in creating.
In what amounts to little more than modern day colonialism, debt forgiveness requires countries to sell their health, education, electric, water and other public services to globalist corporations. Such “structural adjustment conditionalities” have led to massive cuts to health and education budgets in the third world.
Poorer countries have also had to discontinue subsidies and trade restrictions that support local business and development.
As we have documented, third world nations are already laboring under skyrocketing food prices caused by climate change policies. This has led to millions of people starving to death because the cost of even the most basic staple foods has spiraled beyond their means. In places like Haiti, people who were scraping a living on mud pies now cannot afford them and are dying in droves.
Poorer countries continue to be politically neutralized and socially and economically dismembered by such policies. This is the primary reason why these countries are now boycotting the Copenhagen summit, but you won’t hear a word about it in the mainstream media, because it is owned by the same globalists who want to keep the lid on the fact that the global carbon tax scam is set up to benefit themselves and themselves only.
Poorer countries who were promised a slice of the pie are now discovering that they in fact face a further plundering as a result of the very same policies that were introduced in the name of helping them."
Just like Quantum of Solace, except Bond works for them too."Developing countries have walked out on the Copenhagen climate talks, but one of... more
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"The economic crises in Greece and Ireland may necessitate financial bailouts or even an exit from the euro for these countries, according to Standard Bank analyst Steve Barrow.
“Countries like Ireland and Greece may not be able to grow out of the current crisis,” Barrow, head of G-10 currency strategy for the bank, told Bloomberg.
“With interest-rate cuts, exchange-rate depreciation and significant fiscal support all off limits for these countries, bailouts or even pullouts from EMU (European Monetary Union) may happen next year.”
EMU rules limit member countries’ interest rate moves, currency moves and budget deficits.
Ireland and Greece have suffered more from the financial crisis than their neighbors. Ireland’s real estate market collapsed, and its banking system is in tatters after taking on too much risk.
The Irish government estimates that its economy will shrink 7.5 percent this year and 1.25 percent next year.
As for Greece, Fitch Ratings cut its credit rating recently, and Standard & Poor indicated it may soon follow.
Greece is struggling with a massive debt burden. The economy contracted 1.7 percent in the third quarter from a year earlier, and the budget deficit totals 12.7 percent of GDP.
While the government has plans to cut the gap, many analysts are skeptical.
"The likely rise in public debt to more than 120 percent of GDP next year and further to 125 percent in 2011 would leave the public finances highly exposed to shocks," Fitch analysts wrote in a report.
Standard Bank’s Barrow told Bloomberg that the inability to make fiscal transfers within the 16-nation Euro region may do in the currency system.
He said the two countries’ woes will continue to drive the premiums of their bond yields over German bond yields higher.
“That can, in many ways, be a more destructive line of attack for the market than currency pressure,” Barrow says.
Irish and Greek officials deny they will leave the euro."
How can they destroy the American dollar, blend us into a North American Union and establish the Amero as our new currency, when they can't even manage their European Union and Euro dollars? I'm sure George Soros will be first to know if and when they do leave Euro, so he can make billions before everyone else, just like when the British Pound separated from the German Mark. These corporate elites get info first, they manipulate stock markets and control central banks around the world. They'll hold a country for ransom, fund a democratic-socialist coup and rape a country for its resources. Then they'll push a global carbon tax Ponzi scheme under the guise of saving the planet. Its a con."The economic crises in Greece and Ireland may necessitate financial bailouts or... more
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October 23, 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.
“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.October 23, 2009 ·
Billionaire globalist George Soros told the Financial Times... more
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