Enter your email address:

Wednesday, November 11, 2009

Soros Calls for World Currency and New World Architecture

In a Op-Ed piece published Thursday on project-syndicate.org, globalist financier George Soros calls for a “New World Architecture”
“The dollar no longer enjoys the trust and confidence that it once did… The US ought not to shy away from wider use of IMF Special Drawing Rights. Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage.” Soros said
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council. That process needs to be initiated by the US, but China and other developing countries ought to participate as equals…The system cannot survive in its present form, and the US has more to lose by not being in the forefront of reforming it.”
Read Soros Article >>>>

Tags : peter schiff ron paul jim rogers marc faber david tice lateline australia CNN Your Money Bloomberg economic collapse house senate palin obama mccain wallstreet great depression revolution financial technical analysis cramer IBD bernanke paulson stochastics macd rsi candlestick stock market sex Commentary John Authers Chris Giles Krishna Guha Neil Hume Norma Cohen Vanessa Houlder Elizabeth Inflation Liberty Rider Campaign for YALiberty CNBC dollar economist housing hyperinflation meltdown mortgage subprime live with oscar futures stocks trading emini nasdaq investing 10 2009 January Leeb Recession Stephen Inflation, Fed, Printing deflation green shoes overhead resistance velocity of bond Dollars Strong day daytrading jones s&p trader 2008 Fast Gold Interest November Rates Auto Bailout Crisis Currency Bailouts Dec Economy Part 6 Kudlow American Bullion Buy Eagle Foreclosure Real Silver snowball federal markets news reserve FSN Puplava TARP glenn beck FOX aljazeera gerald celente warren buffett max keiser dobbs bob chapman alex icke downturn fall marcket Madoff Schould Secretary Treasury this Ponzi Scheme Barack Euro Pacific Capital Dennis Gartman, Currencies, Euro, Pound, Dollar, Dell, bubble. credit crunch Francisco San Show bonds crash currancy economists finance metals Morgan rollover abolish central bank Precious 1929 brown bush cheney fdr m3 pereno yen Energy Investments Lutts Unemployment trading,investing,technical analysis,inthemoneystocks,wall street,obama,stock commodities Ira Epstein Copper crude oil options broker index bollinger band swinglines moving average charting software banks profit british aussie corn opec funds tbills iraepsteinfutures argentina corporations corruption government IMF neo-liberal policies swindle theft World


Popular Posts

George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.