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George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order

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George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order

Courtesy of Michael Snyder of Economic Collapse 

In the video you are about to see, George Soros talks about "the creation of a New World Order", he discusses the need for a "managed decline" of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire "philanthropist" who came to be known as "the Man Who Broke the Bank of England" when he raked in a staggering one billion dollars during the 1992 "Black Wednesday" currency crisis. These days Soros is most famous for being perhaps the most "politically active" (at least openly) billionaire in the world. His Open Society Institute is in more than 60 countries and it spends approximately $600 million a year promoting the ideals that Soros wants promoted. Soros and his pet organizations have played a key role in quite a few "revolutions" around the globe over the last several decades, but these days the main goal of George Soros is to bring political change to the United States.

So exactly what is it that George Soros is trying to accomplish? Well, in a nutshell, what he wants is a Big Brother-style one world government based on extreme European-style socialism, strict population control and the radical green agenda. It would be a world where the state tightly regulates everything that we do for the greater benefit of the environment and of society as a whole.

However, Soros is not the "mastermind of the New World Order" that some have tried to make him out to be.  The truth is that to those in the international banking elite, Soros is considered to be something of a "black sheep" and an "outsider".  Much of what Soros is trying to accomplish lines up with the goals of the international banking elite, but what they don't like is that Soros won't stop publicly talking about a global currency and a "New World Order".  Of course the international banking elite very much want a global currency and a "New World Order", but what they don't need is a "squeaky wheel" like Soros running around drawing unneeded attention to those goals.

Also, Soros does not seem to understand that both sides of the political spectrum in the United States are deeply influenced by the international banking elite.  Sadly, the truth is that the same handful of elitist organizations has dominated the cabinets of every single president that we have had since World War II.  If you doubt this, just check out how many members of each presidential administration over the last 40 years have belonged to either the Council on Foreign Relations, the Trilateral Commission or the Bilderberg Group.  If you have never looked into this before, you will be absolutely shocked.  No matter what president we elect, it is always the exact same organizations that always dominate their cabinets.

But Soros still seems very much trapped within the left/right paradigm and he seems absolutely obsessed with destroying the Republican Party.  For example, Soros spent an insane amount of money attempting to defeat George W. Bush back in 2004.  According to the Center for Responsive Politics, George Soros donated $23,581,000 during that election cycle to political organizations that were trying to keep Bush from being reelected.

Soros has also been a tremendous backer of Barack Obama, although lately Soros seems a bit disenchanted with him.  Through organizations such as the Center for American Progress and MoveOn.org, Soros is constantly trying to influence the state of American politics.

So what is George Soros thinking about these days?  Well, in the video posted below you will see Soros discussing "an orderly decline" of the U.S. dollar, the coming global currency and the importance of the New World Order.... 

Did you noticed how uncomfortable Soros was when he was saying the term "New World Order"?

The truth is that he knows exactly what that phrase means.  He knows that it is a phrase that he probably shouldn't say and that will get a lot of attention.

But he said it anyway.

Soros also seemed a bit uncomfortable as he discussed "an orderly decline" of the U.S. dollar.

Soros has been saying the the U.S. dollar needs to go down for quite a while now, and he speaks of the coming fall of the dollar as if it is inevitable.

The only thing that Soros seems to fear is that the "managed decline" of the dollar could "get out of hand" and could lead to global financial chaos.

Soros even had the gall to say that having the dollar be the reserve currency of the world is not in our national interest and that a move to a global currency is "a healthy, if painful, adjustment" that we are just going to have to endure for the greater good of the world economy.

But shouldn't the American people have something to say about all of this?

Perhaps the American people do not want a "managed decline" of the U.S. dollar.

Perhaps the American people do not want any part of a new "global currency".

Perhaps the American people do not want any part of a "New World Order".

But to men like George Soros, it doesn't really matter what "the little people" think.  In the world that Soros lives in, those with overwhelming amounts of money and power know what is best for the rest of us, and if "the little people" don't seem to want to go along initially then public opinion can be bought if you just spend enough money.

The sad truth is that we already live in a global economy.  Just go into just about any store across the United States and start picking up products to see where they were made.  Very few of the things we buy are still made in the United States.

Today, labor is a global commodity.  American workers must now directly compete for jobs with those making slave labor wages in China and India.  The fact that millions of U.S. jobs are being offshored and outsourced does not bother advocates of globalism at all because it is supposedly a beneficial thing for the overall global economy.

And most Americans have little to no idea just how much influence international organizations such as the United Nations, the World Bank, the IMF and the WTO have over our daily lives.

The truth is that we already live in a world that has been deeply, deeply integrated.  As this continues, at some point it will only seem "natural" for America to agree to a true global currency and full global political integration.

Let us hope that day never arrives.  Or at least let us hope that the American people wake up enough to not just go passively into a "New World Order".

A global economy is bad for America and a global government would be really bad for America.

But perhaps you disagree.  Perhaps you believe that integrating our economy, our currency and our government with the rest of the world would be a wonderful thing.  If that is the case, please feel free to leave a comment explaining exactly why globalism is such a wonderful thing for all of us.... 

 

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Mon, 01/03/2011 - 06:43 | 843836 DeltaDawn
DeltaDawn's picture

If we had followed the Constitution, we would not have funded these organizations. Failed experiments, let's move on by defunding and withdrawing from them.

Mon, 01/03/2011 - 06:20 | 843825 AnAnonymous
AnAnonymous's picture

But the IMF, UN and  other global organizations are an extension of the US that have been operated for the benefit of the US.

There is a difference between no longer benefiting from a system that was approved beforehand and repelling a system before it is implemented.

 

The US is a product of globalization, has been benefiting largely from globalization.

Misery for the US is not globalization but it is that globalization is drawing to its end. With the slowlier increase in benefits this implies. 

Mon, 01/03/2011 - 06:25 | 843824 tickhound
tickhound's picture

.

Mon, 01/03/2011 - 06:19 | 843823 tickhound
tickhound's picture

Analogous to asking Caesar to restore power to the people and reduce the Roman Empire back to a city-state. They chose instead to clip coins... and so too are we.

Mon, 01/03/2011 - 05:11 | 843779 AnAnonymous
AnAnonymous's picture

More propaganda.

Of course US citizens are against a new world order. The world is globalized and currently under US world order.

The US is drawing much benefits from this order and certainly does not want an end to it.

The US does not want concurrence over the world order. Which certainly does not mean they do not want a world order.

It is so trivial. I am sure this guy is confident he deserves every single cent he earns.

 

Today, labor is a global commodity.  American workers must now directly compete for jobs with those making slave labor wages in China and India.  The fact that millions of U.S. jobs are being offshored and outsourced does not bother advocates of globalism at all because it is supposedly a beneficial thing for the overall global economy.

 

The US is a product of globalization, a 500+ years process that is reaching its end.

Outsourcing does not come from the outside. It comes from within.

The US citizens have organized their society in a way outsourcing would become a necessity.

A fact that is worth reminding every time a propaganda wants to imply that outsourcing is a phenonemum imposed on the US.

No, outsourcing is a phenonemum that was wanted by the US citizens, that was supported by the US citizens and that was carried out by the US citizens.

It distinguishes between people who opposed to the game because they disliked the game and its potential outcomes and people who are whining because they are finding themselves on the losing end of the game.

The first category was a tiny segment in the US population, mocked and reviled. The second category constitutes the bulk of the opponents to globalization and stuff, that is people who pictured themselves as winners and now they are on the losers'side, reject the outcome of the game because the game suddenly grew bad.

Mon, 01/03/2011 - 06:52 | 843843 FreeMartinArmstrong
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+ 1

Mon, 01/03/2011 - 06:30 | 843833 ColonelCooper
ColonelCooper's picture

I really wish I could argue with that.

Mon, 01/03/2011 - 04:47 | 843753 LudwigVon
LudwigVon's picture

New Fiat, NWO's and socialism, all been tried so many lame times. "Bad and discredited ideas, it seems, never die. Neither do they fade away. Instead, they keep turning up, like bad pennies or Godzilla in the old Japanese movies." -- Rothbard

Mon, 01/03/2011 - 04:37 | 843743 arnoldsimage
arnoldsimage's picture

soros is a freakin murderer. jeez... shake yourself people.

Mon, 01/03/2011 - 04:32 | 843740 rukidding
rukidding's picture

Globalism is as good as the Patriot Act, net neutrality, free trade, war on terror and global warming. You get the drift. These are clearly patriotic, altruistic motherhood statements. You cannot find fault with such campaigns except that these are not truly there for what they are supposed to accomplish.

Globalism and free trade are for free exchange of goods and services to balance the current accounts of 2 countries. Good idea. In practice it deprives jobs from higher cost based countries and opens up critical national infrastructure to international banking elite's (IBE) hostile takeover. This is often done through forced lending after financial crisises.

Patriot Act is for the protection of citizens, but we can also now see the dilution of civil liberties. Net neutrality is to target counterfeiters, but would soon make peer sharing difficult which sites like Wikileaks now thrive on.

War on terror was to stop terror from propagating. 10 years on, Americans live in more fear as infinite Osamas are created. This is not to say that I agree he did 9/11.

As kids, my friends and I often joked that if we can sell air, we would be billionaires (though now with inflation, zillionaires look more appealing). That's what global warming is all about. Taxes will now be forced upon a world citizenry in return for clean air. News about world temperature not rising in 11 years hardly made it to headlines. That the hole in ozone layer is closing up is immaterial too.

Most governments are compromised. The East is the same as the West. The ruling class went to the same western and Soviet universities. Keynesian and Marxist economics lead to the same destruction. Environmental science is poisoned whether you are in Lenin University No. 131, Oxford or Harvard.

Happy New Year, everyone!

Mon, 01/03/2011 - 07:03 | 843849 cosmictrainwreck
cosmictrainwreck's picture

In short, everything the gubbmint "creates" or "manages" causes a freakin' abotion of a nightmare of total bullshit. Assholes could fuck up a wet dream...

Mon, 01/03/2011 - 04:59 | 843768 TruthInSunshine
TruthInSunshine's picture

Americans: Getting anally raped by Republocrats & Demonplicans, and still playing the game by voting and pretending there's any real difference between the two 'different' parties working for the same masters.

Mon, 01/03/2011 - 04:29 | 843737 vxpatel
vxpatel's picture

How did the McSheeple think this was going to end? Spend, consumer, rewind, spend and consumer some more...did they think this was a sustainable way to run a country?

Mon, 01/03/2011 - 05:57 | 843813 StychoKiller
StychoKiller's picture

Life is what happens to you while you're making other plans.

Mon, 01/03/2011 - 05:00 | 843771 Sad Sufi
Sad Sufi's picture

Sure it seems silly after a crash, and when you step back a little bit and wize up.

 

But folks are just doing what they're conditioned to do by the bankers and media.  And the elected officials and the universities only cement in the group think.  Sad.

Mon, 01/03/2011 - 06:28 | 843831 ColonelCooper
ColonelCooper's picture

Just buy the fucking dip you Sheep.

Mon, 01/03/2011 - 04:53 | 843732 TruthInSunshine
TruthInSunshine's picture

Just as I posted a day ago in response to another thread, the elite want 'equality' in loss of freedom, self-determination, prosperity, economic and social mobility, health, nutrition and a myriad of other rights and former benefits for the serfs, useless eaters and useless breathers.

Americans & Europeans will be de-pegged to Chinese & Mexican living standards.

A dwindling tide lowers all vessels. Unless you're one of the insiders. And you've got a luxury cabin on the H.M.S. NWO. If you are, just make sure that you keep an eye peeled for icebergs, mines and other hazards, because tens of millions in the U.S., and hundreds of millions worldwide won't take it lying down.

"If the American people ever allow the banking system to control their money, first by inflation, then by deflation; their children will one day wake up homeless on the continent their fathers conquered."

- Thomas Jefferson

Mon, 01/03/2011 - 07:34 | 843872 total nonsense
total nonsense's picture

Well said,thank you

Mon, 01/03/2011 - 10:58 | 843832 AnAnonymous
AnAnonymous's picture

Just as I posted a day ago in response to another thread, the elite want 'equality' in loss of freedom, self-determination, prosperity, economic and social mobility, health, nutrition and a myriad of other rights and former benefits for the serfs, useless eaters and useless breathers.

 

Again, that means that the elite actions reflect the US popular will. Because loss of freedom, self-determination, prosperity, economic and social mobility, health, nutrition etc... is what has been practised by US citizens without incentive from the US government.

Enforcement of slavery was a popular thing in the US. Dixies did not sent troops to fight for independence, preferring patrolling plantations to enforce slavery.

The reservation system was a popular thing etc...

There is no disconnection between how the US people acts and how the US elite acts. If propagandists are unpleased with the fact, they should spend more resources to provide appropriate propaganda to cover the fact.

Tue, 01/04/2011 - 05:07 | 846035 crazyjsmith
crazyjsmith's picture

Your hatred for the US and it's people is clouding your judgement. While your over confidence in your sweeping generalization of the US is causing you to sound rather simple minded. It was certainly NOT the US that invented slavery, nor detention camps or reservations.
Go ahead and throw your stone of purity at our dirty glass house.
Hypocrite

Tue, 01/04/2011 - 05:37 | 846045 AnAnonymous
AnAnonymous's picture

 It was certainly NOT the US that invented slavery, nor detention camps or reservations.

 

And? How weak it is. Besides, the US might be the one that invented reservations.

 Nothing judgemental in my observation. Simply the accurate assessment that practising slavery while condemning it makes a position weak.

As to emotions, you are the one appealing to them.

Classical gang mindset: if one says something that is detrimental to the gang, that is not because it is a fact but because one hates the gang.

 

My assessments are based on mere observations. Yours is one of passion. Supposedly, the US should have been the temple for reason. Well...

Mon, 01/03/2011 - 05:47 | 843800 ViewfromUnderth...
ViewfromUndertheBridge's picture

Jefferson never said or wrote that. Check your source then use one of his many good quotes.

Mon, 01/03/2011 - 05:56 | 843812 StychoKiller
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"To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it." - Thomas Jefferson

Mon, 01/03/2011 - 04:22 | 843729 tony bonn
tony bonn's picture

george soros can go fuck himself....to the pig pen swine was born

Mon, 01/03/2011 - 04:17 | 843727 tickhound
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But what about all those douchebags who told me all this was a conspiracy theory? .. guess we'll now start hearing it described as "self-evident"

Mon, 01/03/2011 - 04:59 | 843765 Sad Sufi
Sad Sufi's picture

Yep, self evident.  No need to write your representative.

Mon, 01/03/2011 - 04:09 | 843722 Sad Sufi
Sad Sufi's picture

Mr Snyder, I believe that the people of the US have no choice about any of this with the budget deficit overhang.  The whole point, in my limited understanding, is that the new monetary system envisioned and planned right now, allows the debt hole to be filled with a new ponzi currency arrangement.  That is the only way to "bail" out everybody including Europe, etc.  So sad to say, but meet your new fiat boss, just like your old fiat boss.

Mon, 01/03/2011 - 03:42 | 843709 sumo
sumo's picture

The US is insolvent, and has been for some time:

http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf

The USD is going down faster than Elliot Spitzer's favorite hooker. Look at the price of Gold.

And look at Congress. Wall St has bought and paid for both the Tweedledee and the Tweedledum parties. No solution there.

Reality. Such a bitch.

Disclosure: long gold, silver, and Mandarin language academies.

 

 

Mon, 01/03/2011 - 02:56 | 843683 max2205
max2205's picture

Soros should be put on the no fly list. Obamas his puppet but you know why they say about hired help.

NWO is freaking way out there. They should be crashing the equity market if they want the USD pushed down.

I swear none of these people behind these plots knows what they are doing. Can't we find some intelligent corrupt leaders?!

Mon, 01/03/2011 - 04:14 | 843725 More Critical T...
More Critical Thinking Wanted's picture

Soros should be put on the no fly list.

It's pretty telling how easily right-wingers are willing to curtail the freedom of others, if those others do not fit in their world view.

Mon, 01/03/2011 - 04:24 | 843733 tickhound
tickhound's picture

What's even more telling is that so many still believe only one "choice" is doing the curtailing.

Mon, 01/03/2011 - 04:46 | 843755 More Critical T...
More Critical Thinking Wanted's picture

 

Pretty much the main 'curtailing' effect of a more progressive political agenda (which is what Soros supports) is that it curtails top income by increasing taxes.

What basic freedom does that curtail? Unless you mean 'the freedom to freeload on millions of other people providing you with a stable economic environment, roads, security, judicial system and more, where you can make a lot of money' - which is pretty much what most right-wing anti-taxation rants here on ZH can be summed up to :-)

Pay your taxes and stop the freeloading. Society is not a sucker to give you free, zero-tax benefits of a modern society - you need to pay.

 

Mon, 01/03/2011 - 07:36 | 843873 nmewn
nmewn's picture

"Pretty much the main 'curtailing' effect of a more progressive political agenda (which is what Soros supports) is that it curtails top income by increasing taxes."

Yeah...on everyone but him.

Mon, 01/03/2011 - 05:51 | 843808 StychoKiller
StychoKiller's picture

The problem with socialism is socialism, because there are no socialists.
Socialism is a system based upon an assumption about human nature that
simply isn't true.  I can design a perfect canine community in which dogs
never chase squirrels or groom their nether regions in an indelicate manner.
But the moment I take that idea from the drawing board to the real world,
I will discover that I cannot get dogs to behave against their nature--at
least not without inflicting a terrible amount of punishment. Likewise,
it's easy to design a society that rewards each according to his need
instead of his ability.  The hard part is getting the crooked timber of
humanity to yield to your vision.

And it's also why the problem with capitalism is capitalists.  Some people
will always abuse the system and take things too far.  Some will do it out of
the hubris of intellect.  Some will do it out of the venality of greed.

Many in Washington seem convinced that the solution to the problem with capitalists is always less capitalism.  To be sure, a free-market society is in some sense a government program.  The government must prosecute criminality, enforce contracts, and demand that the rules be observed.  Few lovers of free markets are so laissez-faire as to want to strip the government of its role as REFEREE.  But few should want the REFEREE to suit up and play the game.

Sorry, but Socialism always has one end point:  Spending everyone else's currency.

Mon, 01/03/2011 - 11:20 | 844206 Gigliola Cinquetti
Gigliola Cinquetti's picture

The trouble with free markets is that they have a built in tendency to evolve into an oligopoly . Some suppliers will outcompete the less efficient ones which go bust (which is a intended outcome) . From then on , you no longer have the guarantee of optimal pricing . You now have a power shift balance in favour of the few remaining suppliers . The logic is kinda self defeating . 

Mon, 01/03/2011 - 09:57 | 844040 Husk-Erzulie
Husk-Erzulie's picture

That's it...when the damned collectivists outlaw ball-licking I'm going all Clyde Barrow on their asses.  Dog-

Mon, 01/03/2011 - 06:12 | 843820 AnAnonymous
AnAnonymous's picture

The extraneity of cause is so US citizens. I wonder how this pattern of thinking has hooked so many people in the US. Would like to read about that.

Theirs systems always fails for an external cause. Never because the system is poorly designed.

Here both socialism and capitalism are told to fail because of human nature (a favourite in US mindset, that hijacked a long time ago humanity to vest their best interests in it)

Mon, 01/03/2011 - 05:31 | 843793 tickhound
tickhound's picture

Rather than respond directly to this ad hom tax rant, I instead will take your implied advice and patiently await obama to repeal his extensions of the patriot act, his expansion of warrantless wire tapping, restore habeus corpus, rid renditions, contradict his views on indefinite detention, decide to protect whiste blowers, stop state secrets, and tell us all how wrong he was to authorize the assassination of an American citizen who has not stood trial. Don't know what I was thinking...

Mon, 01/03/2011 - 05:46 | 843802 More Critical T...
More Critical Thinking Wanted's picture

 

None of those items you list is on the progressive agenda that Soros supports though - to the contrary - so I'm not sure what your point is there ...

 

Mon, 01/03/2011 - 05:56 | 843814 tickhound
tickhound's picture

My point is that if you actually believe the "progressive" agenda (that one you say soros supports) has your better interests in mind simply because you have a similar "worldview"... and that it is truly any different from neo-con.... ah fuck it its hopeless

Mon, 01/03/2011 - 06:24 | 843830 More Critical T...
More Critical Thinking Wanted's picture

 

And in support of that argument you have listed a handful of distinctly non-progressive (I'd claim, regressive) agendas that Obama has supported or tolerated?

Or do you claim that Obama is a progressive? Judging by his actions (some of which you have listed) he is distinctly not - whether by choice or forced by political reality is hard to tell.

 

Mon, 01/03/2011 - 07:36 | 843875 Grill Boss
Grill Boss's picture

You are the proof you have no idea what you are talking about as if the Republicans and Democrats are different in anything but name. "right wingers" "left wingers" the agenda is and always has been exactly the same. Anyone who says this party or that party is bad or good is an absolute fool.... both parties have been getting elected since the dawn of the country and look at it now.... both contributed to policy and look at it now.... both get paid mountains of cash by bankers and military madmen.... and look at it now. I suppose if there was a republican in office we wouldnt be in afghanistan or the other 176 countries or being raped by the bankers every second.... wait a minute... wasnt a rep in office for 8 years before the dem...... arent they both doing the exact same thing (or more?)

think for 2 seconds people

Mon, 01/03/2011 - 10:57 | 844147 AnAnonymous
AnAnonymous's picture

You are the proof you have no idea what you are talking about as if the Republicans and Democrats are different in anything but name. "right wingers" "left wingers" the agenda is and always has been exactly the same. Anyone who says this party or that party is bad or good is an absolute fool....

 

That's thick. Lets say that a guy apply for a job. Another guy applies for the same job. Both have the same agenda. So what? if one has the job, should it be told that he is the same as the other? The other wont think he is the same though.

Bear with it. The dichotomy  is real.

Now a third guy is there. No matter who has the job, the third guy wont benefit. That's all.

Mon, 01/03/2011 - 09:08 | 843949 Sands8oo
Sands8oo's picture

You are 100% correct Grill Boss (like the name play btw) -

 

There is no left or right anymore - its the same statist agenda on both sides of the aisle aside from a few "fringe" members of the GOP (notably Ron Paul and Rand Paul)

But thats fine - if we have two sides unwilling to fix this country (think stop spending on wars, ridiculous entitlements, bloated government, etc, etc, etc) then gold and silver will just keep skyrocketing.

Four words no longer used together in the American vocabulary - "We can't afford it"

George Soros is just looking to do the same things George Bush did for America - enforce a statist, totalitarian society.  ZEROHEDGE is trying to bring this to your attention but apparently some of you idiots are still to fucking stupid to figure that out.

Mon, 01/03/2011 - 11:20 | 844205 RKDS
RKDS's picture

You've got to be kidding.  Everything I've seen of Rand Paul points to another corporatist/statist tool.

Mon, 01/03/2011 - 06:47 | 843838 tickhound
tickhound's picture

"It's pretty telling how easily right-wingers are willing to curtail the freedom of others, if those others do not fit in their world view"

You made this claim in response to a fellow zh'er comment regarding "soros... no fly list"

I'm not claiming anything other than political agenda ambiguity. Right or left, we'd be in this moment, discussing currency debasement and globalization... on schedule and by design.

Mon, 01/03/2011 - 04:39 | 843746 arnoldsimage
arnoldsimage's picture

+1

Mon, 01/03/2011 - 02:22 | 843636 More Critical T...
More Critical Thinking Wanted's picture

 

Well, he is a billionaire "philanthropist" who came to be known as "the Man Who Broke the Bank of England" when he raked in a staggering one billion dollars during the 1992 "Black Wednesday" currency crisis.

An interesting fact is that after Soros forced the BOE to devalue the pound the UK economy rebounded and recovered strongly in the years to follow.

In that sense the UK should probably be grateful to Soros and $1 billion seems like a small fee for the benefits the UK got by being forced to abandon the stupid "strong pound" policy in an economic downturn (read: a scheme designed to rip off the middle class and redistribute too high real-value interest payments and capital gains as "benefits" to the rich).

(Compared to the tens of billions of dollars windfall profit that Wall Street insiders won in the 2008 financial crisis, aided and abetted by an impotent deregulatory republican administration and their right-wing billionaire backers like the Murdochs or the Koch brothers ...)

Contrary to right-wing "strong dollar" and "gold standard" propaganda, this is one of many examples where weakening a currency and having moderate levels of inflation can improve the competitiveness of an economy and can have very positive net economic effects all around. Passive savers/rent-seekers are penalized, active investors/inventors are rewarded. The UK, Sweden, Korea and Poland are all recent examples of that concept in action.

 

Mon, 01/03/2011 - 10:04 | 844058 Bob Sponge
Bob Sponge's picture

If Soros is a philanthropist, then I am the Dalai Lama. At least he is advertising the elite's agenda. A one-world currency would help the elite plunder the world like never before.

Mon, 01/03/2011 - 09:41 | 844006 casey13
casey13's picture

Contrary to your views the US now has a policy of currency devaluation. That is what the QE2 is all about. Print money to pump up the economy at the same time you devalue the currency and buy treasuries to try to hold interest rates down. The problem is that currency devaluation seems to be the only policy of most other governments in the world as well. The Chinese have a peg to the US dollar. Together they are the two largest economies. If they devalue the rest of the world will too.

This policy has been trid before and did not work.
http://financial-dictionary.thefreedictionary.com/Beggar-Thy-Neighbor

The second problem is that if they were successful then the price of all those imported goods would go up. This is inflation and will cause US interest rates to eventually rise. The US is so far in debt that even a small rise in rates could tip them into a debt spiral.

 

 

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