FedUpUSA

Archive for the ‘George Soros’ Category

In the video you are about to see, George Soros talks about “the creation of a New World Order”, he discusses the need for a “managed decline” of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire “philanthropist” who came to be known as “the Man Who Broke the Bank of England” when he raked in a staggering one billion dollars during the 1992 “Black Wednesday” currency crisis. These days Soros is most famous for being perhaps the most “politically active” (at least openly) billionaire in the world. His Open Society Institute is in more than 60 countries and it spends approximately $600 million a year promoting the ideals that Soros wants promoted. Soros and his pet organizations have played a key role in quite a few “revolutions” around the globe over the last several decades, but these days the main goal of George Soros is to bring political change to the United States.

So exactly what is it that George Soros is trying to accomplish? Well, in a nutshell, what he wants is a Big Brother-style one world government based on extreme European-style socialism, strict population control and the radical green agenda. It would be a world where the state tightly regulates everything that we do for the greater benefit of the environment and of society as a whole.

However, Soros is not the “mastermind of the New World Order” that some have tried to make him out to be.  The truth is that to those in the international banking elite, Soros is considered to be something of a “black sheep” and an “outsider”.  Much of what Soros is trying to accomplish lines up with the goals of the international banking elite, but what they don’t like is that Soros won’t stop publicly talking about a global currency and a “New World Order”.  Of course the international banking elite very much want a global currency and a “New World Order”, but what they don’t need is a “squeaky wheel” like Soros running around drawing unneeded attention to those goals.

Also, Soros does not seem to understand that both sides of the political spectrum in the United States are deeply influenced by the international banking elite.  Sadly, the truth is that the same handful of elitist organizations has dominated the cabinets of every single president that we have had since World War II.  If you doubt this, just check out how many members of each presidential administration over the last 40 years have belonged to either the Council on Foreign Relations, the Trilateral Commission or the Bilderberg Group.  If you have never looked into this before, you will be absolutely shocked.  No matter what president we elect, it is always the exact same organizations that always dominate their cabinets.

But Soros still seems very much trapped within the left/right paradigm and he seems absolutely obsessed with destroying the Republican Party.  For example, Soros spent an insane amount of money attempting to defeat George W. Bush back in 2004.  According to the Center for Responsive Politics, George Soros donated $23,581,000 during that election cycle to political organizations that were trying to keep Bush from being reelected.

Soros has also been a tremendous backer of Barack Obama, although lately Soros seems a bit disenchanted with him.  Through organizations such as the Center for American Progress and MoveOn.org, Soros is constantly trying to influence the state of American politics.

So what is George Soros thinking about these days?  Well, in the video posted below you will see Soros discussing “an orderly decline” of the U.S. dollar, the coming global currency and the importance of the New World Order….

Did you noticed how uncomfortable Soros was when he was saying the term “New World Order”?

The truth is that he knows exactly what that phrase means.  He knows that it is a phrase that he probably shouldn’t say and that will get a lot of attention.

But he said it anyway.

Soros also seemed a bit uncomfortable as he discussed “an orderly decline” of the U.S. dollar.

Soros has been saying the the U.S. dollar needs to go down for quite a while now, and he speaks of the coming fall of the dollar as if it is inevitable.

The only thing that Soros seems to fear is that the “managed decline” of the dollar could “get out of hand” and could lead to global financial chaos.

Soros even had the gall to say that having the dollar be the reserve currency of the world is not in our national interest and that a move to a global currency is “a healthy, if painful, adjustment” that we are just going to have to endure for the greater good of the world economy.

But shouldn’t the American people have something to say about all of this?

Perhaps the American people do not want a “managed decline” of the U.S. dollar.

Perhaps the American people do not want any part of a new “global currency”.

Perhaps the American people do not want any part of a “New World Order”.

But to men like George Soros, it doesn’t really matter what “the little people” think.  In the world that Soros lives in, those with overwhelming amounts of money and power know what is best for the rest of us, and if “the little people” don’t seem to want to go along initially then public opinion can be bought if you just spend enough money.

The sad truth is that we already live in a global economy.  Just go into just about any store across the United States and start picking up products to see where they were made.  Very few of the things we buy are still made in the United States.

Today, labor is a global commodity.  American workers must now directly compete for jobs with those making slave labor wages in China and India.  The fact that millions of U.S. jobs are being offshored and outsourced does not bother advocates of globalism at all because it is supposedly a beneficial thing for the overall global economy.

And most Americans have little to no idea just how much influence international organizations such as the United Nations, the World Bank, the IMF and the WTO have over our daily lives.

The truth is that we already live in a world that has been deeply, deeply integrated.  As this continues, at some point it will only seem “natural” for America to agree to a true global currency and full global political integration.

Let us hope that day never arrives.  Or at least let us hope that the American people wake up enough to not just go passively into a “New World Order”.

A global economy is bad for America and a global government would be really bad for America.

But perhaps you disagree.  Perhaps you believe that integrating our economy, our currency and our government with the rest of the world would be a wonderful thing.  If that is the case, please feel free to leave a comment explaining exactly why globalism is such a wonderful thing for all of us….

The Economic Collapse

I think it is every American’s duty to understand what is going on within our government.

I have written hundreds of articles documenting that unregulated, speculative derivatives (especially credit default swaps) are a primary cause of the economic crisis.

And I have pointed out that (1) the giant banks will make a killing on carbon trading, (2) while the leading scientist
crusading against global warming says it won’t work, and (3) there is a
very high probability of massive fraud and insider trading in the
carbon trading markets.

Now, Bloomberg notes that the carbon trading scheme will be centered around derivatives:

The
banks are preparing to do with carbon what they’ve done before: design
and market derivatives contracts that will help client companies hedge
their price risk over the long term. They’re also ready to sell
carbon-related financial products to outside investors.

 

[Blythe]
Masters says banks must be allowed to lead the way if a mandatory
carbon-trading system is going to help save the planet at the lowest
possible cost. And derivatives related to carbon must be part of the
mix, she says. Derivatives are securities whose value is derived from
the value of an underlying commodity — in this case, CO2 and other
greenhouse gases…

 

 

Who is Blythe Masters?

She is the JP Morgan employee who invented credit
default swaps, and is now heading JPM’s carbon trading efforts. As
Bloomberg notes (this and all remaining quotes are from the
above-linked Bloomberg article):

Masters, 40, oversees the New York bank’s environmental businesses as the firm’s global head of commodities…

 

As
a young London banker in the early 1990s, Masters was part of
JPMorgan’s team developing ideas for transferring risk to third
parties. She went on to manage credit risk for JPMorgan’s investment
bank.

Among the credit derivatives that grew from the bank’s early efforts was the credit-default swap.

Some in congress are fighting against carbon derivatives:

“People
are going to be cutting up carbon futures, and we’ll be in trouble,”
says Maria Cantwell, a Democratic senator from Washington state. “You
can’t stay ahead of the next tool they’re going to create.”

 

Cantwell,
51, proposed in November that U.S. state governments be given the right
to ban unregulated financial products. “The derivatives market has done
so much damage to our economy and is nothing more than a
very-high-stakes casino — except that casinos have to abide by
regulations,” she wrote in a press release…

However, Congress may cave in to industry pressure to let carbon derivatives trade over-the-counter:

The
House cap-and-trade bill bans OTC derivatives, requiring that all
carbon trading be done on exchanges…The bankers say such a ban would
be a mistake…The banks and companies may get their way on carbon
derivatives in separate legislation now being worked out in Congress…

Financial experts are also opposed to cap and trade:

Even
George Soros, the billionaire hedge fund operator, says money managers
would find ways to manipulate cap-and-trade markets. “The system can be
gamed,” Soros, 79, remarked at a London School of Economics seminar in
July. “That’s why financial types like me like it — because there are
financial opportunities”…

 

Hedge fund manager Michael Masters,
founder of Masters Capital Management LLC, based in St. Croix, U.S.
Virgin Islands [and unrelated to Blythe Masters] says speculators will
end up controlling U.S. carbon prices, and their participation could
trigger the same type of boom-and-bust cycles that have buffeted other
commodities…

 

The hedge fund manager says that banks will
attempt to inflate the carbon market by recruiting investors from hedge
funds and pension funds.

 

“Wall Street is going to
sell it as an investment product to people that have nothing to do with
carbon,” he says. “Then suddenly investment managers are dominating the
asset class, and nothing is related to actual supply and demand. We
have seen this movie before.”

Indeed, as I have previously pointed out, many environmentalists are opposed to cap and trade as well. For example:

Michelle Chan, a senior policy analyst in San Francisco for Friends of the Earth, isn’t convinced.

 

“Should
we really create a new $2 trillion market when we haven’t yet finished
the job of revamping and testing new financial regulation?” she asks.
Chan says that, given their recent history, the banks’ ability to turn
climate change into a new commodities market should be curbed…

 

“What
we have just been woken up to in the credit crisis — to a jarring and
shocking degree — is what happens in the real world,” she says…

 

Friends
of the Earth’s Chan is working hard to prevent the banks from adding
carbon to their repertoire. She titled a March FOE report “Subprime
Carbon?” In testimony on Capitol Hill, she warned, “Wall Street won’t
just be brokering in plain carbon derivatives — they’ll get creative.”

Yes,
they’ll get creative, and we have seen this movie before …an
inadequately-regulated carbon derivatives boom will destabilize the
economy and lead to another crash.