News & Analysis
Is Soros's One World Currency a Leftist Plot?
Two years ago, George Soros (left) said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start – and no one seems to have noticed. On April 8, a group he's funded with $50 million is holding a major economic conference and Soros's goal for such an event is to "establish new international rules" and "reform the currency system." It's all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for "a grand bargain that rearranges the entire financial order." – Media Research Center/Wall Street Journal
Dominant Social Theme: Soros, up to his old tricks. This leftist billionaire should just go home.
Free-Market Analysis: We'd realized last week (tipped off by a considerate feedbacker) just what George Soros was up to; but before we had a chance to write about it the Wall Street Journal blew the story open last night by picking up a Media Research Center article by Dan Gainor entitled "Unreported Soros Event Aims to Remake Entire Global Economy." We can safely say that Soros' planned new Bretton Woods Conference to build a new world currency, starting April 8, is unreported no more.
HOW it is reported however is a bit odd in our view. The article (excerpted above) is written with a conservative slant that makes it seem as if what George Soros has in mind is somehow a leftist attack on the American dollar. Nothing could be further from the truth but this is in fact the way that free-market reporting is increasingly offered in mainstream media. It is a kind of dominant social theme: "These socialists are undermining American values and traditions and must be stopped." Here's more on the Media Research Center itself from the Center's own website:
The mission of the Media Research Center, "America's Media Watchdog," is to bring balance to the news media. Leaders of America's conservative movement have long believed that within the national news media a strident liberal bias existed that influenced the public's understanding of critical issues. On October 1, 1987, a group of young determined conservatives set out to not only prove — through sound scientific research — that liberal bias in the media does exist and undermines traditional American values, but also to neutralize its impact on the American political scene. What they launched that fall is the now acclaimed — Media Research Center (MRC).
The problem with reporting on Soros from a left-wing angle is that Soros is not really "left wing" at all. He's an internationalist banker who wishes to create a one-world government (and currency). This sentiment is shared by other internationalist bankers that some might characterize as "right wing" or even "free-market oriented." It has little to do with "empowering workers" or creating socialist communitarianism.
The labels don't really matter. Soros may have a more statist and activist approach than some other billionaires, but this is a matter of degree not principle. So we would argue such labels like "leftist" distort what is really occurring and confuse people about how globalist plans are being implemented, and why. It's useful to analyze the article to see how this bias works.
The article begins by quoting literature explaining that Soros is bringing together "more than 200 academic, business and government policy thought leaders' to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund." Soros, the article claims, "wants a new 'multilateral system,' or an economic system where America isn't so dominant." The article also points out that Soros has been at this for a while, and that a 2009 editorial advocated "a new Bretton Woods conference, like the one that established the post-WWII international financial architecture." Speakers include:
• Paul Volcker [who] is chairman of President Obama's Economic Advisory Board. He wrote the forward for Soros's best-known book, 'The Alchemy of Finance' and praised Soros as "an enormously successful speculator" who wrote "with insight and passion" about the problems of globalization.
• Economist Jeffrey Sachs, director of The Earth Institute and longtime recipient of Soros charity cash. Sachs received $50 million from Soros for the U.N. Millennium Project, which he also directs. Sachs is world-renown for his liberal economics. In 2009, for example, he complained about low U.S. taxes, saying the "U.S. will have to raise taxes in order to pay for new spending initiatives, especially in the areas of sustainable energy, climate change, education, and relief for the poor."
• Soros friend Joseph E. Stiglitz, a former senior vice president and chief economist for the World Bank and Nobel Prize winner in Economics. Stiglitz shares similar views to Soros and has criticized free-market economists whom he calls "free market fundamentalists." Naturally, he's on the INET board and is a contributor to Project Syndicate.
Have no doubt about it, the article tells us, "This is a Soros event from top to bottom." Really? Paul Volcker's entire career has revolved around service not to Soros but to one of the 20th century's leading elitists, David Rockefeller, who surely helped place his protégé (Volcker) at the pinnacle of the American banking establishment when Volcker served as Federal Reserve Chairman in the late 1970s and early 1980s.
More recently Volcker headed up a UN Investigative task force that basically absolved the world body of very much wrongdoing in the so-called oil-for-food scandal. How did Volcker end up running the UN investigation? We would venture a guess that it has to do with his continuing ties to the Rockefellers and David Rockefeller in particular. David Rockefeller is very old now and travels in a wheel chair, but he was recently spotted in Chile and there seems no doubt that while the body is failing the mind still remains willing. At one point in his career Volcker served as Rockefeller's personal assistant.
It is simply perverse to try to build Soros up into some sort of Machiavellian puppet master orchestrating a new world order – and implying that Volcker is part of his coterie. Soros made a lot of money as an international speculator and seems to have a psychological need to continue to raise his profile on the world's largest economic and political stages. But the one-world conspiracy goes back at least 100 years in its modern incarnation and probably longer. Soros hasn't been alive that long. He's a Johnny-Come-Lately relatively speaking.
The article also tries to attribute the IMF-led effort to create a global currency using its SDRs to Soros. Gainor writes, "When Soros called for a new Bretton Woods in 2009, he wanted it to ‘reconstitute the International Monetary Fund,' and while he's at it, restructure the United Nations, too, boosting China and other countries at our expense." But in fact, these are all positions that the IMF has taken independently; and positions that have been discussed at great length by the G20. Soros is formally affiliated with neither group.
The article argues that Soros, as a committed leftist, is dedicated to undercutting America's power in the world in favor of multilateralism. "Soros emphasized that [his monetary concept] needs to be a global solution, making America one among many. ‘The rising powers must be present at the creation of this new system in order to ensure that they will be active supporters.' ... That's what this conference is all about – changing the global economy and the United States to make them acceptable to George Soros."
In fact, nothing that Soros is trying to accomplish is any different than what the IMF is trying to obtain as well and very publicly. A few months ago the IMF produced a substantial white paper explaining how SDRs could evolve into a true world currency with a global bond market, etc. Last year American Treasury Secretary Timothy Geithner made news by endorsing the idea of such a global currency and indicated that America was willing to play a role in advancing such an effort.
Sure Soros has a role to play in this monetary drama. But the Anglo-American elite operating mostly out of the one-square-mile City of London is evidently and obviously behind this currency evolution. The IMF, Soros, Geithner – even nation-states like China – are instrumentalities not initiators.
The Hegelian Dialectic so beloved of the elite is getting a full workout. Soros is the designated leftist; Murdoch's media group will provide the "right wing" objections. The Gainor article itself, ironically, is part of the process of dialectical polarization. When the public is sufficiently convinced that there is a large controversy going on between various elite visionaries, there will be a sudden rapprochement – perhaps at Soros's new Bretton Woods conference.
At some point the two sides will likely enter into a "compromise." The compromise will not be anything large, but it will be a true "first step." Soros will pronounce himself satisfied that SDRs are on their way to becoming a real global currency. Those on the other side, perhaps standing with Murdoch, will announce that they too are satisfied. While the rudiments of a world currency have truly been laid, they will point out if they hadn't fought against Soros' plans that the damage could have been much worse.
A true world currency could have commenced, they will point out. We managed to stop it and preserve the God-given freedoms of the United States to produce its own currency regardless of international meddlers. But they will neglect to explain that their participation in the process has actually granted the process the legitimacy it needs. This is how the dialectic works. Those on both sides are constantly dissatisfied and even angry. Yet the process is intended to grind on nonetheless until it reaches the goal that the elites have designated.
Conclusion: We would venture to propose that the Gainor article has gone a long way to establishing a nascent dialectic and that therefore the elites may be serious now about creating a one-world currency via SDRs with the IMF as a "super" central bank. Ironically, by attacking such proposals so vehemently and linking them (untruthfully) to Soros alone, the article is laying the groundwork for the very agenda it claims to oppose.
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Posted by Malichi on 04/12/11 12:30 PM
One word can summerize the whole of natural law for man kind , and if you have it every thing else is addendum...
Food
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Posted by NH Resident on 04/04/11 01:23 PM
NH has noticed and will protest this Nazi war criminal when he comes here ...
Reply from The Daily Bell
Isn't it enough that he is a new-world order type? Is his culpability increased by labeling him a "Nazi war criminal?" Is this in any event an accurate label? Better not to let emotion cloud facts, especially if you intend to enter into a protest. Good luck.
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Posted by Nick on 04/02/11 09:57 AM
Might you have the subject title backwards? Is not a single world currency the goal of the right; very good for business and the money-makers who make the rules?.
Soros' conviction for insider trading, his leading role in the collapse of Eastern Europe, shorting the pound and collapsing the Bank of England, and his role in the collapse of ASEAN markets in 1997, mark him as a worldly material man.
And yes, the right...for all his generous leftist philanthropy and abudant intellect. Whichever direction he comes from, Mr Soros is a destabilizing influence and very sharp teeth under sheepskin.
Reply from The Daily Bell
Here, this story is perfect for you!
Is Soros's One World Currency a Leftist Plot?
Click to view link
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Posted by Wayne on 04/01/11 06:26 PM
@John S.
"dislike Glen Beck mostly for the manner of what he reports but not for the subject manner of his reporting. The most startling to me is that this is going on and there in no ground swell of people crying out to stop what could eventually be just what the name implies, A "NEW WORLD ORDER". '
What groundswell are you waiting for?
Most Americans now work for the NWO. see link
Click to view link
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Posted by John S. on 04/01/11 09:51 AM
I can't believe what I am reading. Over 7 years ago, I was told a rather unbelievable story from a construction worker at my home who later became a very good friend about the New Word Order, Rothchild's, Bilderberg Group and George Soro's.
He later gave me a book which upon reading addressed much of what this article is covering. At the time I thought this was nonsense but I am now firmly convinced that we are in the start of what will be different world than the one I grew up in for the past 62 years.
I dislike Glen Beck mostly for the manner of what he reports but not for the subject manner of his reporting. The most startling to me is that this is going on and there in no ground swell of people crying out to stop what could eventually be just what the name implies, A "NEW WORLD ORDER".
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Posted by Wayne on 04/01/11 12:00 AM
@DB
"Also, there might be an outcry that the government would have to print more paper as well with higher valuations – $1,000 or 10,000 notes or whatever.'
And that's only if you don't want fries with that Big Mac!
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Posted by Wayne on 03/31/11 11:30 PM
@Dan B
"Just as America does not have a budget currently, the world will be without a reserve currency. Gold will be used as an "indicium",,,an indication of the relative value of a currency. It will NOT be used as a day to day currency. It will be used as a store of value. Currencies will float,,, relative to each other, like in the FOREX. Everybody will have an "app" to tell them the relative value of a given currency.
Mankind repetitiously proves that only precious metals can bring any discipline to GOV and banks. The Plaza Accord was implemented when the U.S. debt reached 3.5 % of GDP. The Louvre Accord was implemented to rectify the problems caused by the Plaza Accord. Bretton Woods lasted well because it was based on PM. Nixon removed the element of PM. All discipline vanished.
The lack of an anchor and the wild fluctuations are destroying commerce everywhere. London and New York may not want any discipline but, after our impending mega-crash, commerce will demand it.
What can't go on,,, won't go on. 1/3 of all income is from social welfare benefits.
Click to View Link/
52.5 % of Americans rely on a check from GOV. The alternative to a complete reorganization is a long-term collapse. "
Along with this goes the greatest fear this system has.
Many in India still store their excess "money' in Silver today after being looted so badly by the British Banking (plunder) System.
Many Mexicans still store Silver for the same reason.
And soon Americans will begin to put the their excess "money" into Gold/Silver. This is when it hits the fan for the US Fascist economy.
The Banking System depends on the velocity of money to keep the game going. What happens when all excess currency drops out of circulation by the simple fact that it is swapped into metals, and disappears into personal vaults?
It becomes an impossible situation over time, as the "Cash Economy"
rises again. And tax collection becomes a nightmare.
This is what the Collectivist Economists (the overwhelming majority of economists today) call deflation!
The State must shrink, and the wealth once again resides with the Producer segment of the economy. This is a Tax Eaters nightmare!
No more Free Lunch!
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Posted by Dan B on 03/31/11 10:38 PM
PB, it's all about money. Clint Eastwood is too old to get acting parts BUT, he's the director. Mel Gibson and Robert Redford are in somewhat the same boat. Hollywood isn't very kind to aged actors like Richard Harris. Redford has the money and Harris doesn't. Image counts if you don't have mega-bucks.
Great Bell,, and great elves; there is about $ 550 billion in U.S. notes and 2/3 of it circulates overseas. That means roughly $ 700 per person domestically.
If you subtract the "float" in the ATMs, in the banks and in the CIA drug and money -laundering business, that doesn't leave much per person.
Gold and silver might circulate but very few people who already have it will want to part with it.
Unfortunately, all discussions begin and end with OIL. Will oil stay on a par with gold if the dollar hyper-inflates? If oil hits $ 250 a bbl, will oil imports be directed at the farmers or the military? Will your local gas station accept gold or silver for gas? What about the 24.5 million people who use heating oil?
Click to view link
The workforce participation per $ of GDP is at the level of 1955. Much of the economy is in deflation because the Aggregate purchasing power of the middle class is diminishing. Discretionary earning and spending by the middle class is diminishing. We have a deflationary consumer economy and an inflationary financial sector.
All the extra money sloshing around in the financial sector is causing price inflation at the same time that purchasing power is diminishing.
There is no incentive for corporate America to raise wages so,, we will have stagflation in a big way.
As prices rise, the diminishing purchasing power will be directed more and more towards survival goods,, a la Argentina. The consumer economy will die a slow death. America is already saturated with ski-boats and dune-buggies.
These will gradually cycle through Craigslist.
There are huge inflationary pressures but, almost no pressure to increase wages. I doubt that GOV will mandate wage increases. I don't see much demand for $ 1000 and $ 10,000 notes outside the Beltway.
The consumer is maxed out with debt;
Click to view link
He / she is NOT going to be driving the economy.
Student-debt has surpassed credit-card debt. The consumer economy dies,, the tax base shrinks,,, QE III pays the bonds.
Just as America does not have a budget currently, the world will be without a reserve currency. Gold will be used as an "indicium",,,an indication of the relative value of a currency. It will NOT be used as a day to day currency. It will be used as a store of value. Currencies will float,,, relative to each other, like in the FOREX. Everybody will have an "app" to tell them the relative value of a given currency.
Mankind repetitiously proves that only precious metals can bring any discipline to GOV and banks. The Plaza Accord was implemented when the U.S. debt reached 3.5 % of GDP. The Louvre Accord was implemented to rectify the problems caused by the Plaza Accord. Bretton Woods lasted well because it was based on PM. Nixon removed the element of PM. All discipline vanished.
The lack of an anchor and the wild fluctuations are destroying commerce everywhere. London and New York may not want any discipline but, after our impending mega-crash, commerce will demand it.
What can't go on,,, won't go on. 1/3 of all income is from social welfare benefits.
Click to view link
52.5 % of Americans rely on a check from GOV. The alternative to a complete reorganization is a long-term collapse.
Have a nice day :)
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Posted by PB on 03/31/11 04:02 PM
Question to anyone who cares to answer. Why is it that Paul is too old to run for pres and yet Sorrows isn't too old to destroy the world?
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Posted by Dan B on 03/31/11 11:07 AM
Oh Great Bell, I have a question for the elves that isn't completely off-topic. We just saw mention of the "cashless society" We know that GOV could better manage all the sheep if every tiny movement of wealth was recorded.
In both Germany and Zimbabwe, GOV PRINTED "money" to pay it's bills. In America GOV CREATED "money" to pay it's bills. Germany and Zimbabwe printed large denomination bills. America refuses to print a note higher than 100. Is there an instance of hyper-inflation in digital currency?
One could argue that GOV has hyper-inflated the asset markets by creating, NOT printing "money". Suppose that this inflation makes a big move into main street. Suppose we get hyper-inflation in consumer goods but, only have $100 notes.
Brazilians had to carry shopping bags of money. That isn't possible here. Only .4 % of American money is paper. Would hyper-inflation force America to become cashless?
A few months ago, GOV reported that it was having serious problems with the printing of new $ 100 notes. Is this just TOO convenient?
If confidence in the dollar were to disappear and printed money were to be unavailable, what alternative would we have? Shoot, that would be the perfect time to introduce our new savior,,, the SDR. Does this scenario sound plausible?
I know that introduction of a new currency is problematic. Just the same, it seems like a dollar crash would be a convenient time to slip in a global currency that would be so much "better". What say the elves?
Reply from The Daily Bell
We think we agree. Hyperinflation might indeed force a movement to more digital currency. We don't immediately see any logical flaws, and yes the elites certainly want to remove paper from society. However here's a thought: During a hyperinflation people might prefer to move to gold and silver rather than to inflated numerical digits.
Also, there might be an outcry that the government would have to print more paper as well with higher valuations - $1,000 or 10,000 notes or whatever.
And if hyperinflation comes to America, we might imagine that the Treasury and the Fed and politicians involved may have even bigger problems to worry about than the numbers on the front of currency.
Real American hyperinflation would likely spell the end of the dollar reserve system and maybe the end of the elite one-world conspiracy. Who knows what would come next?
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Posted by Wayne on 03/30/11 06:09 PM
@Joe Cobb
"Hey, what about the God-given freedom of individuals in the United States to produce their own currency/coins based on silver and gold bullion? Money should *NOT* be a government monopoly."
Well, God gave that freedom, but He also gave you the ability to keep that freedom.
God expects you to do some things on your own!
If you lack the will to resist, "Ye are of little faith!"
Perhaps God doesn't like that weakness surfacing in his creations!
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Posted by Joe Cobb on 03/30/11 05:13 PM
Quote: "preserve the God-given freedoms of the United States to produce its own currency regardless of international meddlers."
Hey, what about the God-given freedom of individuals in the United States to produce their own currency/coins based on silver and gold bullion? Money should *NOT* be a government monopoly.
.
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Posted by Paul Collier on 03/30/11 05:05 PM
yes...yes it is..and here is why this madcap plot will fail
Click to view link
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Posted by Wayne on 03/30/11 04:59 PM
@Thomas Molitor
"Incidentally, why does Soros and Rogers, who worked together for so many years, never mention each other's name?" And I thought I was the only one who noticed this fact. Interesting what never gets mentioned in the media!
Reply from The Daily Bell
Think there was perhaps a divergence of opinion ...
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Posted by Duane Bass on 03/30/11 04:19 PM
It is an ugly NWO, IMF plan, from a downright ugly man. He is ugly in a lot of ways.
That my be a shallow analysis, but it is how I feel about him.
Ugliness right to the bone. . .
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Posted by Michael Ponzani on 03/30/11 12:18 PM
It is like this everywhere! The only thing we can do is to find other good people, stick with them, and take a stand. The poisonous weeds don't have to grow everywhere. We can lay down herbicides and get small patches of ground here and there where the deadly plants do not grow. (Do your research on Mahoning county, Ohio--we're almost as bad as Lousiana, or Cuyahoga County, Ohio!!!)
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Posted by Mangonuts on 03/30/11 10:04 AM
Napoleon and Hitler espoused the single European currency so a single world economy model is always going to be on somebodies agenda! it would only work if there were set 'bands' for taxation and interest rates that individual macro economic groups could work within, therefore eliminating the ridiculous advantages some states try to gain with zero tax regimes etc. Tax is good ... its just the amount and how its spent that gets people irate!
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Posted by Thomas Molitor on 03/30/11 09:41 AM
Soros' "Open Society" philosophy is a collectivist proposition to all countries to open their countries to manipulation via his one-world order vision. Incidentally, why does Soros and Rogers, who worked together for so many years, never mention each other's name?
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Posted by Kaydell on 03/29/11 11:47 PM
From his history, his actions and his money this is one evil person. He may have made billions but he has no values or principles. I say this because what he did to his people, the Jews, when he was young betraying them and making profit from his actions. Yes, he certainly is a bottom up, top down and inside out person to destroy and his ultime aim is a gobal government with him at the helm.
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Posted by Allen Tan on 03/29/11 11:44 PM
Is the Anti-Christ must be a Jew? He is one. Is he The One, or is he the forerunner?
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