George Soros Plans "Bretton Woods II"

Look who's scheming what behind the scene, while all the turmoils from Libya to Indiana, from fighting for life and liberty to fighting to keep to themselves as much taxpayers' money as possible, occupy the news headlines.

George Soros is convening a monetary policy conference in Bretton Woods...

From Economic Policy Journal (2/22/2011):

A monetary conference sponsored by the Institute for New Economic Thinking - a nonprofit founded in 2009 with a $50 million pledge from oligarch George Soros - will be held April 8-11 at the Mount Washington Hotel in Bretton Woods.

Here's the attendance list, according to the article:

Paul Volcker, Former Chairman, Federal Reserve

Adair Turner, Chairman, Financial Services Authority

Richard Bronk, London School of Economics

Gordon Brown, Former Prime Minister, United Kingdom

Paul Davidson, Co-Founder, Journal of Post Keynesian Economics

Martin Wolf, Chief Economics Commentator, Financial Times

Niall Ferguson, Professor of History, Harvard University

Andy Haldane, Executive Director, Financial Stability, Bank of England

Simon Johnson, Professor of Entrepreneurship, Global Economics and Management, Sloan School of Management, Massachusetts Institute of Technology

Henry Kaufman, President, Henry Kaufman & Co., Inc.

Zhu Min, Special Advisor, International Monetary Fund

Carmen Reinhart, Dennis Weatherstone Senior Fellow, Peterson Institute for International Economics

Kenneth Rogoff, Professor of Economics, Harvard University

Jeff Sachs, Director of the Earth Institute

Joseph Stiglitz, University Professor, Columbia Uni[versity]

A parade of globalists and Trilateralists, not to mention CFR members, Bilderbergers... Hey how come Stiglitz is invited but not Paul "Clueless" Krugman? And Gordon Brown? What kind of joke is this? Oh I vaguely remember - Gordon Brown was fishing for a job at the head of the IMF.

The article has excellent information from Lew Rockwell and Murray Rothbard on Bretton Woods I after the World War II, when John Maynard Keynes got almost all his wishes (and we are where we are in 2011).

I have a feeling that this is a "front". Hidden away somewhere is an equivalent of "Jekyll Island" - a extremely secret meeting of bankers to plot the creation of the Federal Reserve in the US - this time on a global scale.

(h/t heavypuree)

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George Soros Weighs In on Egyptian Revolution

Some sort of an end plan must be getting into place when George Soros starts to squawk.

Here's part of George Soros' amusing Op-Ed in Washington Post on 2/3/2011 [my comments in brackets]:

Why Obama has to get Egypt right

[as if he carries any weight (pun intended)...]

Revolutions usually start with enthusiasm and end in tears. In the case of the Middle East, the tears could be avoided if President Obama stands firmly by the values that got him elected. Although American power and influence in the world have declined, our allies and their armies look to us for direction. These armies are strong enough to maintain law and order as long as they stay out of politics; thus the revolutions can remain peaceful. That is what the United States should insist on while encouraging corrupt and repressive rulers who are no longer tolerated by their people to step aside and allow new leaders to be elected in free and fair elections.

[After that, and a favorable assessment for "democratic" Tunisia, he has to bring up the fear of radical Islam..]

Egypt is more complex and, ultimately, more influential, which is why it is so important to get it right. The protesters are very diverse, including highly educated and common people, young and old, well-to-do and desperately poor. While the slogans and crowds in Tahrir Square are not advancing a theocratic agenda at all, the best-organized political opposition that managed to survive in that country's repressive environment is the Muslim Brotherhood. In free elections, the Brotherhood is bound to emerge as a major political force, though it is far from assured of a majority.

[But he, as a Jew, can also bring up the issue of Israel, without being accused of anti-Semitic..]

The main stumbling block is Israel. In reality, Israel has as much to gain from the spread of democracy in the Middle East as the United States has. But Israel is unlikely to recognize its own best interests because the change is too sudden and carries too many risks. And some U.S. supporters of Israel are more rigid and ideological than Israelis themselves. Fortunately, Obama is not beholden to the religious right, which has carried on a veritable vendetta against him. The American Israel Public Affairs Committee is no longer monolithic or the sole representative of the Jewish community. The main danger is that the Obama administration will not adjust its policies quickly enough to the suddenly changed reality.

[Lastly, he says he's wary of revolutions in general - now that's funny, remember all those color-coded so-called "revolutions" supported (and probably orchestrated) by his foundations? - but he has high hopes for Egyptians, and he is readying his numerous foundations to contribute...]

I am, as a general rule, wary of revolutions. But in the case of Egypt, I see a good chance of success. As a committed advocate of democracy and open society, I cannot help but share in the enthusiasm that is sweeping across the Middle East. I hope President Obama will expeditiously support the people of Egypt. My foundations are prepared to contribute what they can. In practice, that means establishing resource centers for supporting the rule of law, constitutional reform, fighting corruption and strengthening democratic institutions in those countries that request help in establishing them, while staying out of those countries where such efforts are not welcome.

Egyptians, I'd suggest you say "Thank you but no thank you."

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Airport Naked Body Scans - Cui Bono?

Who benefits? Certainly not us the small people.

Ever since the 2009 Christmas panty bomber scare, ex-Homeland Security chief Michael Chertoff's agency has been peddling the airport scanning machine called Rapiscan, made by Rapiscan Systems.

Rapiscan's parent company is OSI Systems (Ticker symbol: OSIS).

The biggest shareholder of OSI Systems looks like Wells Fargo & Company, holding 11.92% of shares outstanding, valued at $61 million.

Who is the biggest shareholder of Wells Fargo?

Why it's Warren Buffett's Berkshire Hathaway, holding 6.12% of shares outstanding, valued at slightly over $8 billion.

Who else holds OSI Systems' shares?

George Soros. Oh what a surprise. He's everywhere.

On December 24, 2009, OSI Systems' shares traded at $22.02. Today, they ended at $36.12. So, these super-wealthy investors have enjoyed 64% gain on their investment in 11 months. Not bad, not bad.

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More on George Soros

from LRC Blog at Lewrockwell.com, by David Kramer (entire post), who can probably say things that others, like Ambrose Evans-Pritchard (see my previous post) would not or could not dare say:

Billionaire George “Göring”* Soros, Part Zwei

Posted by David Kramer on June 24, 2010 06:23 AM

Billionaire Socialist George “Göring” Soros is back in the news again with his big Bolshevik mouth. Now Soros declares that it is bad that Germany is trying to get its economic house in order by cutting its budget.

“Right now the Germans are dragging their neighbours into deflation, which threatens a long phase of stagnation. And that leads to nationalism, social unrest and xenophobia. Democracy itself could be at risk.” [Right, George "Göring" Soros—it was "deflation" in Germany in the 1920s that set the stage for the rise of your economic predecessors, the National Socialists.]

Here’s another economically-ignorant gem from George “Göring” Soros:

“Germany is globally isolated … Why don’t they let their salaries rise? That would help other EU states to pick up.” [Uh, Hermann George, for an economy to grow and for people to improve their standard of living it is necessary for more goods to be produced against the "low" salaries already in place—not artificially raising one of the costs of production, i.e., salaries.]

Socialist Soros also thinks that it is bad that a fraudulent fiat currency, the Euro, might collapse. (Hmmm, I wonder how much Soros has invested in this currency?)

“German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.” [What "European" project, George? The "European" euro project is just a precursor to bringing on a One World fiat currency controlled by the One World Government which you and your Bankster friends have been planning for decades.]

Of course, perhaps this is why George Göring Soros is so upset:

“Ms. Merkel on Monday defended her budget cut plans after U.S. President Barack Obama preached patience in clamping down on public spending.” [Merkel is obviously at odds with Banksters/Soros Puppet-in-Chief Obama's atrocious economic policies which are only prolonging the economic recession/phony recovery that the United States is currently experiencing.]

By the way, for those of you who think I’m being insensitive in referring to my landsman Soros as a Nazi, here’s an interesting transcript from a 1998 60 Minutes interview in which this Jewish man admits to being a Nazi collaborator to save his own life during World War II.

____________________________
*I’ve decided to change from referring to George Soros as George “Goebbels” Soros to George “Göring” Soros because I feel that some readers may inadvertently think that I am comparing Soros to the late, great comic George Gobel rather than a premier National Socialist, Joseph Goebbels—whom Soros seems to emulate more and more each passing day. Hermann Göring is an excellent National Socialist replacement for Joseph Goebbels.

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Evans-Pritchard: Soros tells Germany to step up to its responsibilities, or leave EMU

According to Soros, those responsibilities include increased debt issuance and debt purchase by the German government (which he calls as "growth strategy"), and they are vital to "democracy".

Soros tells Germany to step up to its responsibilities, or leave EMU
(Ambrose Evans-Pritchard, 6/23/2010 Telegraph UK)

"Legendary investor George Soros has called on Germany to leave the euro unless it is willing to embrace a growth strategy, describing Berlin’s austerity doctrine as a threat to democracy and political stability in Europe.

""German policy is becoming a danger that could destroy the European Project. A collapse of the euro cannot be excluded," he told the German weekly Die Zeit.

""Unless Germany changes policy, its withdrawal from the currency union would be helpful for the rest of Europe. At the moment Germany is pushing its neighbours into deflation: this threatens a long phase of stagnation, leading to nationalism, social unrest, and zenophobia. It endangers democracy," he said.

"Mr Soros saw the political effects of wage cuts first-hand during the Great Depression, and narrowly survived the Holocaust as a Jewish boy in Nazi-controlled Budapest. He has since dedicated much of his wealth to philanthropic works promoting freedom and pluralism across the globe, mostly through Open Society institutes.

"His comments reflect growing alarm in influential circles on both sides of the Atlantic over the 1930s-style policies of wage cuts and debt-deflation being imposed up the Club Med bloc, Ireland, and parts of Eastern Europe by the EU authorities, at the behest of Berlin." [The article continues.]

Cutting the government spending and lowering wages ARE a "growth strategy" for a country like Germany, which has many things to export to other countries that people actually want and even want to pay premium to get them. Cutting the government spending frees up capital which otherwise goes to the government coffer to be squandered in bureaucracy (look no further than the US's TARP, so-called stimulus packages) to be directed to wealth-creating private enterprises. Lowering wages means input cost will be lower for their export products.

No way, says George Soros. He says that would destroy other eurozone economies like the Club Med. According to Evans-Pritchard,

"Mr Soros said Germany was treating the deeply-flawed Maastricht Treaty as it were a "sacred text", warning that monetary union cannot endure for long as a narrow construct based on debt and deficit ceilings. He said wage rises in Germany are imperative to help lift the whole eurozone, allowing peripheral economies to claw their way out of trouble without fighting the extra headwinds of deflation."

In other words, Mr. Soros is calling for self-immolation by Germany in order to save Greece, Spain, Portugal, Italy, Ireland, and possibly France. I guess he wasn't expecting resistance.

The article also mentions the US economist an Nobel Prize winner (as well as a candidate for Obama's new budget director) Paul Krugman, who basically said the same thing to Germans recently and pissed off the entire nation. (Some sweet snippet from Zero Hedge: "Germany daily Handeslbatt, which ran an interview with the "economist" in which Krugman stick not a foot, but an entire SS-20 nuclear warhead armed ICBM, in his mouth". To read the article, click here.)

Germans are more than happy, I suspect, to leave the EMU and get their Deutsche Mark back. One of the large financial portals in Germany, BoersenNews.de, has started to quote in Deutsche Mark alongside euro.

Great Britain, which is outside the EMU, may be embarking on the unthinkable - drastically cutting the government spending and raising taxes to achieve fiscal solvency.

Evans-Pritchard ends the article by recalling the famous George Soros maneuver on British Pound in the 1992 when George Soros' fund shorted pound sterling against Bank of England intervention to prop up the currency:

"Investors are likely to pay close attention to the views of Mr Soros, whose Quantum fund played a key role in the crisis of the Exchange Rate Mechanism in 1992. He famously pounced on sterling and the Italian lira after a top Bundesbank official described both currencies as over-valued, an invitation for a speculative attack.

"The crisis proved a blessing in disguise for Britain, which was liberated early from a destructive policy of job wastage. Mr Soros yet to receive a a knighthood for his services."

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