George Soros: Conference at Bretton Woods

[NoStateofMind]

I am not a financial expert and won't pretend to be one. Wanted to bring this to your attention as it may bring about economic change as the original Bretton Woods did after WWII. Your thoughts are appreciated.

A new Bretton Woods Conference

Two years ago, George Soros 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."

The event 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 wants a new 'multilateral system," or an economic system where America isn't so dominant.

More than two-thirds of the slated speakers have direct ties to Soros. The billionaire who thinks "the main enemy of the open society, I believe, is no longer the communist but the capitalist threat" is taking no chances.

No alternative to a new world architecture

No alternative to a new world architecture

By GEORGE SOROS
NEW YORK — Twenty years after the fall of the Berlin Wall and the collapse of communism, the world faces another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism.

The former, represented by the United States, has broken down, and the latter, represented by China, is on the rise. Following the path of least resistance will lead to the gradual disintegration of the international financial system. A new multilateral system based on sounder principles must be invented.

While international cooperation on regulatory reform is difficult to achieve on a piecemeal basis, it may be attainable in a grand bargain that rearranges the entire financial order.

A new Bretton Woods conference, like the one that established the international financial architecture after World War II, is needed to establish new international rules, including treatment of financial institutions considered too big to fail and the role of capital controls. It would also have to reconstitute the International Monetary Fund to reflect better the prevailing pecking order among states and to revise its methods of operation

 

[bamacre]

The dollar is in trouble, folks.

 

[LegendKiller]

The dollar is in trouble, folks.

Not really. I keep cheering Bernanke on. This whole issue was caused by China - let them eat their poison cake.

 

[chucky2]

You say that, and it may be worse for China than us, but, what does it mean for US longterm?

 

[LegendKiller]

You say that, and it may be worse for China than us, but, what does it mean for US longterm?

I'm not too worried about us long-term. We still have a huge amount of assets, infrastructure, educated people and economy.

However, if we kept letting China get away with growing unconstrained at our cost we'd be fucked.

 

[First]

The dollar is in trouble, folks.

And one of these decades this may actually be true.

 

[RightIsWrong]

It would be really nice if there were a single, agreed upon system that all nations used so that there would be less manipulation and less ability for corporations to go "labor shopping" and screw our own population in their quest for profits at any cost.

 

[NoStateofMind]

It would be really nice if there were a single, agreed upon system that all nations used so that there would be less manipulation and less ability for corporations to go "labor shopping" and screw our own population in their quest for profits at any cost.

Is that what Soros is on about here?

Soros described in the 2009 op-ed that U.S.-China conflict as "another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism."

 

[bamacre]

Not really. I keep cheering Bernanke on. This whole issue was caused by China - let them eat their poison cake.

I don't need to eat in China. If the dollar doesn't get a bounce soon, things could get ugly soon.

 

[LegendKiller]

I don't need to eat in China. If the dollar doesn't get a bounce soon, things could get ugly soon.

No, but you need to eat and we need an economy.

The shit's chess, it ain't checkers.

 

[RightIsWrong]

Is that what Soros is on about here?

To be perfectly frank and honest, I don't know.....but I'd welcome it if he were and I'll blast him if it seems to be just another way of raping the common man to enable the elite to swindle more of the control, wealth and power away.

 

[sportage]

I would focus on the phone calls going on between republican leaders and the Koch brothers. There is the issue.

 

[bamacre]

And one of these decades this may actually be true.

Perhaps this decade. Perhaps you haven't noticed the price of goods valued in the USD lately.

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm

Maybe people don't care that gold hit 1475, silver 41, but oil hit $112.79 today. Believe me, when the prices at the pump keep climbing, people are going to start bitching, and rightfully so.

 

[bamacre]

It would be really nice if there were a single, agreed upon system that all nations used so that there would be less manipulation and less ability for corporations to go "labor shopping" and screw our own population in their quest for profits at any cost.

Yeah, it sure would.

 

[LegendKiller]

Perhaps this decade. Perhaps you haven't noticed the price of goods valued in the USD lately.

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm

Maybe people don't care that gold hit 1475, silver 41, but oil hit $112.79 today. Believe me, when the prices at the pump keep climbing, people are going to start bitching, and rightfully so.

What's the price of goods measured in any currency? You'll see an interesting pattern.

Perhaps it's not monetary inflation???? Just like it wasn't in 2007/8 when the last time you guys prattled on and on about how the dollar was tanking and oil was going up because of it.

But hey, because oil went up and then down in a 200% round-trip must mean it was the dollar's fault, then, and now.

 

[bamacre]

No, but you need to eat and we need an economy.

The shit's chess, it ain't checkers.

Time to stop playing games and have an honest money.

 

[bamacre]

What's the price of goods measured in any currency? You'll see an interesting pattern.

Yes, all the currencies are being devalued.

Perhaps it's not monetary inflation????

LOL, are you fucking serious? I mean, who's printing money, right? :biggrin:

Just like it wasn't in 2007/8 when the last time you guys prattled on and on about how the dollar was tanking and oil was going up because of it.

Greenspan was running the printing presses in 2000 up, along with all the other central banks. You print, you boom, you bust. You're correct, the dollar made a comeback when the economy tanked. But that may not happen one of these days, that's what the OP is about. And then what? What happens when you have a failed economy and a failed currency? Nothing good.

 

[Steeplerot]

Quote: "Soros described in the 2009 op-ed that U.S.-China conflict as "another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism."

Wow, the bourgeois liberal Soros himself is getting a clue and calling the State cappy neo-liberal reformer Chicoms out?

Too late "comrade", the Koch guys already run the game as far as resources and US government/media connections.

 

[LegendKiller]

Time to stop playing games and have an honest money.

Sorry, but because you don't want to play a game doesn't mean everybody else in the world doesn't. This is what is truly pathetic about libertopians, they think that everything will work on pixie dust and everybody will get along, nobody will try to fuck each other and our economy will flourish despite other countries efforts.


Get a fucking clue man. We didn't start this shit, China did. They decided to fuck us over by manipulating the peg to bootstrap their economy up. This drove down our tax receipts and increased people's reliance on the government due to reduced jobs and wealth. This also drove the credit bubble.

You may not want to play a game but somebody is playing one against you. If you want to dance around a fucking field with butterflies and live like a goddamn farmer, somebody will eventually take your cows.

 

[matt0611]

The dollar is in trouble, folks.

I completely moved all of my cash out of dollars, all in foreign currencies now. I'm sick of the dollar weakening every week and paying me 1% interest.

I think we do need currency reform, but I'm totally against this globalist one world fiat-currency shit.

 

[wuliheron]

Time to stop playing games and have an honest money.

Plutonium baby. Nothing says I own the world like a few thousand nukes.

 

[bamacre]

Sorry, but because you don't want to play a game doesn't mean everybody else in the world doesn't. This is what is truly pathetic about libertopians, they think that everything will work on pixie dust and everybody will get along, nobody will try to fuck each other and our economy will flourish despite other countries efforts.

I didn't say that. Straw man, I know you love them.

Get a fucking clue man. We didn't start this shit, China did.
They decided to fuck us over by manipulating the peg to bootstrap their economy up.

That's not necessarily true, and you should know it. The problem started beforehand.

 

[finglobes]

Soros hates America and Israel and is obviously meddling in everything he can to throw a wrench into America's gears. It's not rational that he isn't investigated (his groups get busted and fined all the time for voting irregularities) and stopped. The Net Neutrality Coup http://online.wsj.com/article/SB10001424052748703886904576031512110086694.html

 

[First]

Perhaps this decade. Perhaps you haven't noticed the price of goods valued in the USD lately.

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm

Maybe people don't care that gold hit 1475, silver 41, but oil hit $112.79 today. Believe me, when the prices at the pump keep climbing, people are going to start bitching, and rightfully so.

What's inflation again? Yeah, exactly.

High oil prices have nothing to do with a weak dollar, that's Libya, speculation, and strong demand from a roaring U.S. comeback the last 4-6 months. Food prices been be flat for 2+ years, literally 0 or slightly less, so inflation was expected by everyone. It won't last. Gold is a bubble so that'll be easy to see pop.

 

[boomerang]

Soros hates America and Israel and is obviously meddling in everything he can to throw a wrench into America's gears. It's not rational that he isn't investigated (his groups get busted and fined all the time for voting irregularities) and stopped. The Net Neutrality Coup http://online.wsj.com/article/SB10001424052748703886904576031512110086694.html

You'll only find supporters for Soros here. Hell, the first reply changed the course of the thread.

A Jew mentored by Nazi's. An interesting mix to say the least. I wonder how many actually know anything of the man's background? It wouldn't matter anyway because conservative billionaires are evil and progressive billionaires are good. Even if their cottage industry is collapsing currencies.

Mr. Soros now has his sights upon us and there will be a legion of supporters here. Mr. Soros has relatively little time left on this earth and it appears that he will pull off the biggest coup possible, that being the overthrow of the monetary system of the United States of America.

To quote one of his minions, “I do think at a certain point you've made enough money”. Evidently Mr. Soros doesn't share that sentiment. I guess having 'Master of the World' on his tombstone will be what it takes to make him truly happy. His Rosebud.

Cue his supporters...