Unreported Soros Event Aims to Remake Entire Global Economy

WSJ-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.

Thus far, this global gathering has generated less publicity than a spelling bee. And that's with at least four journalists on the speakers list, including a managing editor for the Financial Times and editors for both Reuters and The Times. Given Soros's warnings of what might happen without an agreement, this should be a big deal. But it's not.

What is a big deal is that Soros is doing exactly what he wanted to do. His 2009 commentary pushed for "a new Bretton Woods conference, like the one that established the post-WWII international financial architecture." And he had already set the wheels in motion.

Just a week before that op-ed was published, Soros had founded the New York City-based Institute for New Economic Thinking (INET), the group hosting the conference set at the Mount Washington Resort, the very same hotel that hosted the first gathering. The most recent INET conference was held at Central European University, in Budapest. CEU received $206 million from Soros in 2005 and has $880 million in its endowment now, according to The Chronicle of Higher Education.

This, too, is a gathering of Soros supporters. INET is bringing together prominent people like former U.K. Prime Minister Gordon Brown, former Fed Chairman Paul Volcker and Soros, to produce "a lot of high-quality, breakthrough thinking."

While INET claims more than 200 will attend, only 79 speakers are listed on its site - and it already looks like a Soros convention. Twenty-two are on Soros-funded INET's board and three more are INET grantees. Nineteen are listed as contributors for another Soros operation - Project Syndicate, which calls itself "the world's pre-eminent source of original op-ed commentaries" reaching "456 leading newspapers in 150 countries." It's financed by Soros's Open Society Institute. That's just the beginning.

The speakers include:

•Volcker is chairman of President Obama's Economic Advisory Board. He wrote the forward for Soros's best-known book, 'The Alchemy of Finance' and praised Soros as "an enormously successful speculator" who wrote "with insight and passion" about the problems of globalization.

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Media Matters Attacks G. Edward Griffin, Uses Bob Tuskin Interview To Label Him A Conspiracy Theorist

Wiki Commons

The Intel Hub

Media Matters, the George Soros funded left wing operation, has posted a hit piece on G. Edward Griffin after his appearance on the Glenn Beck Show.

On October 13th, 2010, Bob Tuskin(co host of The Intel Hub Radio) interviewed G. Edward Griffin on a variety of issues. After going over topics such as the Federal Reserve and Chemtrails, Bob asked him a question about HIV Aids. His answer (a factual reply) is now being used to label him a conspiracy theorist.

Here is Griffin's reply to Bob’s question, word for word. Apparently testimony and documentation by numerous experts is not something that Media Matters finds credible.

Griffin: There’s No Such Thing As HIV — “The Immunodeficiencies Are Caused By The Treatment”
GRIFFIN: From the very beginning, I was suspicious about this whole HIV story, and I didn’t know in the beginning, but it didn’t take long after some serious researchers had gotten into it and published their findings, it became obvious to me. You talk about a wacko theory, here it comes. There isn’t even such a thing as HIV. HIV virus, standing for virus, doesn’t even exist. It’s — think of what those letters stand for.
[...]
GRIFFIN: So, that’s what it is. It’s an immunodeficiency, but there’s no virus. The immunodeficiencies are caused by the treatment, the drugs that they give people to try and treat the AIDS. That’s what kills the immune system. And what a shocking thought that is, that people who have an immune deficiency, maybe because of some other factor such as nutritional factors — maybe — you know, a lot of drug addicts develop this syndrome. Why? Well, we know that a drug addict traditionally has a terrible diet, and the drugs themselves are destructive of the immune system.
[...]
GRIFFIN: And I’ll just say one more thing and then let the real experts take over, is, my understanding is that all these pictures that you can find of the HIV or the virus are artist’s renditions. There’s never been a photograph, an electron microscope, or anything else that photographed a virus called HIV, mainly because it doesn’t exist. It’s theorized. It’s a theoretical virus.

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The Globalists' Egyptian Gambit: ElBaradei

From the Council on Foreign Relations to the Brookings Institute, Globalists agree. Mohamed ElBaradei for (Egyptian) President 

source

Tony Cartalucci, Contributing Writer

Activist Post 

 It was previously reported that Mohamed ElBaradei, the self-proclaimed leader of the unfolding Egyptian protests, is actually sitting on the Board of Trustees of the Zbigniew Brzezinski/George Soros globalist think-tank, the International Crisis Group.

The mainstream media has been backing ElBaradei's ownership of the protests, hailing this Nobel Laurette and former UN IAEA director as the potential next president of Egypt and the "hero" of the protests. The New York Times refers to him as the "Nobelist" portraying him as standing "toe-to-toe" with hundreds of riot police and promising to run for president if and only if elections were "free and fair."

While ElBaradei poses as a critic of the United States, it is not because of their meddling with Middle Eastern affairs, it is because they are not meddling enough. ElBaradei berates the United States for not intervening in what he calls "social disintegration, economic stagnation, and political repression" in Egypt. Apparently ElBaradei isn't the only one who thinks so either.

Council on Foreign Relations (CFR) senior fellow, Project for a New American Century signatory, and Bush wrangler Elliott Abrams elaborated on the sort of "intervention" the United States should be committed to in his piece "Less 'Engagement,' More Democracy" in the New York Times. In his piece he criticizes the current policy of engaging with nations he deems repressive regimes as equals and calls for a revisit to George Bush's "freedom agenda." In other words - the export of "democracy" that has brought America the trillion dollar military adventures in Iraq and Afghanistan at the cost of thousands of US soldiers' lives and the lives of millions of foreigners killed, maimed, or displaced.

Ultimately the "freedom agenda" has created puppet governments and sweeping economic reforms giving globalist corporate cartels free reign in these "importers of democracy." Those that remember Paul Bremer's Colalition Provisional Authority, may also recall the various "liberalizations" imposed upon Iraq including 100% foreign ownership of Iraqi companies and immunity granted to foreign contractors from Iraqi law.

In the end, the "freedom agenda" is nothing more than 21st century gunboat diplomacy coupled with the one-sided "treaties" the European imperialists imposed across Africa, Asia, and the Middle East.

Fellow CFR policy wonk, Robert Danin echos Abrams' sentiments regarding the freedom agenda by regretting how President Obama had backed away from it during his 2009 speech in Cairo, and how interesting it is now that the administration seems to be interested in perhaps adopting it. He then goes on to explain how the protests are unprecedented, in that they are concerning not anit-American or anti-Israeli causes, but directed at inward problems at home.

With Tunisia and now Egypt internally infighting, a collective regional division seems to be developing. It is no secret the globalists via the United States and Israeli governments, want regime change in Iran and to desperately halt their nuclear program. Elliot Abrams in his New York Times piece states explicitly "our ultimate goal for Iran is not a nuclear deal with the ayatollahs but freedom for its people under a government they choose in honest elections." Newsweek goes one step further and reports on a covert war against Iran's nuclear program already well underway.Seymour Hersh reported as early as 2008 that the US was conducting military operations in Iran.

The floundering efforts to achieve the globalists' goals with Iran, now spanning several years, may have spurred the real policy makers, the globalist think tanks, to consider a wider regional campaign of destabilization and the installation of more reliable and more zealous allies to build the needed coalition to confront an unmovable Iran. At any rate, any opposition for the globalists' next phase in the Middle East will be muted with regimes across the region battling for their very survival.

Mohamed ElBaradei, then literally sitting on the International Crisis Group's Board of Trustees with the likes of George Soros, would not only be a trusted candidate to sow instability throughout Egypt, but would make an equally trustworthy leader of a pliable proxy regime to turn against Iran, Russia, and China. An ElBaradei controlled Egypt could equally be turned against disruptive members of the other globalist pet project Egypt is conveniently positioned to deal with, the African Union. And last but not least, Egypt controls the Suez Canal. Greater control over Egypt means greater control over the passage of freight through the canal.

Finally, globalist think-tank, the Brookings Institute, chimes in claiming Egypt's new opposition leader is indeed Mohamed ElBaradei and claims he is already reaching out for ties and a loose alliance with the Muslim Brotherhood, an extremely large and influential opposition organization in Egypt. The Brookings Institute feigns the same ignorance as the rest of the mainstream media regarding ElBaradei's position in the International Crisis Group by claiming it will be Egypt that will decide the outcome "not Washington." Brookings also laments that Israel's government holds a huge stake in the outcome of Egypt's unrest but has "absolutely no ability to influence the course of events."

It should then comfort Israel and the Brookings Institute to know that ElBaradei is working so closely with US policy makers via the International Crisis Group and that his sentiments are echoed by America's "Neo-Conservative" establishment. In other words, Israel and America have their foot in the door and seem not to even realize it. The wiser suspects they most certainly do realize it.

Tony Cartalucci's articles have appeared on many alternative media websites, including his own at Land Destroyer.   

Related article by Tony Cartalucci
All is Not What it Seems in Egyptian Clashes 

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The Tipping Point Has Passed: Sweeping Change is at Hand
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Soros Sees Super Bubble

Soros sees financial super bubble... climate change mitigation as an answer to charging the economic motor?

I listened to George Soros's conference call this morning organized by Steve Clemons of the Washington Note. Soros presented arguments from his brand new book The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means.

His argument was that the global financial system is built upon a false paradigm. All human constructs are flawed. We need to stop relying solely on the market. He said financial markets do not tend toward equilibrium. Rather they move dramatically, swinging in extremes of despair and optimism. Therefore financial bubbles emerge.

Bubbles are partly based on realities, such as the Internet. But some parts are misconception. The extremes are occurring more frequently than they are supposed to. Now you have two bubbles: the housing bubble, which has burst, and a super bubble that has been developing for the past 25 years since the Reagan-Thatcher years. It involves an increased use of credit relative to GDP. Market fundamentalism is a misconception that has followed and led to financial crisis. The authorities have tried to intervene, stimulating the economy, but also reinforcing the misconception that markets can be left to their own devices.

What we have now is a turning point in which this interaction doesn't work anymore.

What about other busts that might hit the global economy? He said, the scariest market is the credit default swaps (CDS). (Related Bloomberg article here.) It is totally unregulated and hangs like a Sword of Damocles. A clearinghouse is needed in which trades would be registered under established rules. Otherwise, there is too much uncertainty about counterparties. From Bloomberg:

Credit default swaps -- a way to bet on the creditworthiness of a company -- may be the next crisis area because the market is unregulated, and it's impossible to know whether counterparties can meet their obligations in the event of a bond default. The market has a notional value of about $45 trillion -- or about half the total wealthof U.S. households. Soros recommends the creation of an exchange with a sound capital structure and strict margin requirements, where current and future contracts could be traded.

Soros said the acute phase of the crisis is over. He said the bailout of Bear Stearns proves that the authorities will do what they need to do. The Bear Stearns bailout was a market bottom. But now you have fallout, which cannot pass without having long term effects on the global economy—it’s whistling in the wind.

Soros believes that authorities do need some control over asset bubbles. They cannot go by simple rules but it is more of an art to make sure excesses don’t go too far. You need margin regulations.

Where is future economic growth going to come from? First, you need to minimize U.S. foreclosures. The American consumer has been the motor of the global economy, but that is coming to an end. You need a new motor. The big challenge is global warming and investments are needed to reduce carbon emissions. Addressing climate change could be the next motor for economic growth.

Economist Paul Krugman said this morning at the Carnegie Council that nonbank institutions could be nationalized in the United States. He called it the Nordic Model. I asked Mr. Soros if that would be possible. He said it is a fall back and a possibility but raising capital is preferable to nationalization.

The last question came from a Russian journalist who asked if Soros planned to invest in Russia. "Absolutely not," he said, saying he had been burned too many times in Russia. He is on the record for calling Russia "robber capitalism"--with no legal or financial controls.

Photo "Twisted Worlds" by Jeff Kubina.