Bretton Woods conference accelerates push for new world currency.
Dan Gainor
Business & Media Institute
4/20/2011
It’s been two weeks since George Soros bought himself a major economic conference designed to remake the entire global economy. Just because the event received little major news attention, it still had an impact Americans might be reeling from for years.
When the anti-American Soros spent $50 million creating the New York City-based Institute for New Economic Thinking (INET), he set in motion a major move against the dollar. The billionaire who once crushed the British pound through currency trading openly declared his plans to ‘reform the currency system.’ In the Machiavellian mind of Soros, the dollar needed to take a back seat and end its stint as the world reserve currency. ‘The dollar no longer enjoys the trust and confidence that it once did, yet no other currency can take its place,’ he wrote in late 2009.
In 2011, he was already pushing aside the dollar. ‘The big question is whether the U.S. dollar should be the reserve currency; and, in fact, it no longer is,’Soros told Bloomberg. He’s not the only one. Nobel Prize winning economist and Soros buddy Joseph Stiglitz said he is arguing for ‘a global reserve currency.’ Stiglitz, who also chairs the UN General Assembly on Reforms of the International Monetary and Financial System, called for a new ‘global system,’ saying the current one is ‘fundamentally unfair because it means that poor countries are lending to the U.S. at close to zero interest rates.’…
…The push for a new world currency wasn’t the only major news coming from the Soros conference, though most major news outlets ignored the entire gathering. The International Monetary Fund might be getting a new leader, one of the speakers at the event in fact. The IMF is part of the old world economic order that came from the first Bretton Woods. To promote your candidacy these days, all you have to do is hang with the right people.
According to the Daily Mail, former British Prime Minister Gordon Brown ‘has emerged as a favourite for the £270,000-a-year role after networking this week at a conference of policymakers at Bretton Woods in New Hampshire, where the IMF was founded.’ It’s not what you know, it’s who after all. So, the pro-Soros movers and shakers are making their push to control the IMF too…
Read the entire article at Business & Media Institute.
H/T Gulag Bound
Related: The Fed is Killing the Dollar
And IMF Bank Lords & George Soros’ INET at Bretton Woods, What’s the Diff?
…We find that before the Bretton Woods affair, focusing upon “new solutions,” there was a similar IMF meeting, called “New Ideas for a New World.” It was centered upon “Post-Crisis Policy Making” and occurred March 7-14. That gave some of them a lot of time to communicate and plan in quiet (the traditional word for that is conspire) when they were not attending official sessions, or making videos.
Then, we see that Soros’ April 8-11 conference ended just as the IMF and World Bank took up their April 11-17 Spring Meetings, just a limo ride away…
…just how snugly does Soros’ conference fit in this IMF sandwich and what are the tactical solutions they all so collectivelyseek? One set of hints has been provided by Soros’ right hand man, Jeffrey Sachs. As reported by Aaron Klein, Jeff is seeking a brave, immediate future including global taxation, currency transfer tax, tax on the rental value of land and natural resources, royalties on worldwide “fossil energy projection,” fees for the commercial use of oceans, for air flight, of course for putting carbon in the air, and even fees for the use of “the electromagnetic spectrum.” Oh, and he also envisions chronic economic stagnation, unemployment and labor revolt. The proletariat have to do their part.
This forecast (and the coming burst of that hush-hushed insolvency bubble and ensuing hyperinflation and possibly, famine) is underscored by Soros’ own recent moves to commandeer as many American grain elevators as feasible…
…By the way, is anyone in Congress speaking up about all this?
