Showing posts with label Ponzi-Scheme. Show all posts
Showing posts with label Ponzi-Scheme. Show all posts

Thursday, March 24, 2011

"Unreported Soros Event Aims to Remake Entire Global Economy" says Media Research Center

The Media Research Center (MRC) article titled "Unreported Soros Event Aims to Remake Entire Global Economy" starts off with:

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 MRC provides a pointer to the event website:
 where INET (the Soros organization in charge of it) bills it as simply one in a series of international conferences.

The MRC describes its purpose as "to bring balance to the news media... and neutralize [the impact of "liberal bias"] on the American political scene.

Why then does the MRC deliberately present a yearly conference as the launching of the New World Order?

Soros gave his opinion, in strong terms granted, that the worst worldwide recession in several decades revealed a need for a reorganization of the global financial system.

But it goes way beyond spin to say, as MRC does that he "wanted to reorganize the entire global economic system." and "In two short weeks, he is going to start and no one seems to have noticed."

Why is this event "unreported"?  Because it is a conference of 200 mostly academic economists, with no apparent representation by actual world leaders, which is going to generate a lot of presentations world leaders, if they take the time, may or may not find persuasive.

George Soros has taken some bold actions, but to spread the fear that he can "reorganize the global financial system" goes way way beyond bias.  It is systematic misrepresentation.

In the 1980s, the supposedly "left wing" Soros set up organizations in the ex Warsaw pact countries to assist them in making the transition to personal freedom and free trade.  He named the central organization of all those he set up after Karl Popper's book title "The Open Society and its Enemies".  Soros is deeply indebted to Popper, who in the 1940s joined with Friedrich Hayek and other intellectuals in warning against totalitarian systems -- explicitly naming the Soviet Union in this class, as well as Nazi Germany.

Soros believes the financial system, like our highway system needs a system of rules to avoid spinning out of control.  After the great Ponzi scheme-like bubble that ended in the 2008 crash, why do so many people start yelling "Marxist" whenever they hear this?

If the financial system can be reformed in a useful way the reform would have to be international in scope.  Otherwise those who want to profit from financial bubbles can simply shop for the country with the loosest regulations.  We can go crazy when an international group talks about trying to harmonize the various currencies and have some rules to keep speculation from turning into con-artistry, but the financial system is international and there's no escaping that.