“Strongest sanction” against Russia “is in the hands of the United States” because U.S. could sell crude from the Strategic Oil Reserve and depress prices, investor George Soros says during panel discussion in Berlin.
*SOROS SAYS UKRAINE CRISIS IS LEADERSHIP CHANCE FOR MERKEL
*SOROS SAYS MERKEL’S LEADERSHIP HAS GROWN IN UKRAINE CRISIS
*SOROS SAYS U.S. SELLING OIL RESERVES WOULD HURT RUSSIA
*SOROS SAYS U.S. HOLDS ‘STRONGEST SANCTION’ WITH OIL RESERVE
Russian President Putin sought to prop up flagging support at home in a move that “turned him adventurous abroad and repressive at home,” billionaire investor and Chairman of the Open Society Institute George Soros said today during a podium discussion in Berlin. Continue reading »
Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion (this excludes netting and margin, and whatever one-time positions Soros may have gotten an SEC exemption to not disclose: for a recent instance of this, see Greenlight Capital’s Micron fiasco, and the subsequent lawsuit of Seeking Alpha which led to the breach of David Einhorn’s holdings confidentiality).
The second one is that the “Soros put”, a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside.
This should come as no surprise considering the ties that Hillary Clinton has and the fact that she has been virtually coronated as the next presidential candidate for the Democrat Party. Today the official Twitter account of the Hillary Clinton super PAC Ready for Hillary made it known that mega billionaire George Soros is sponsoring her efforts.
The Tweet read, “We are proud to welcome George Soros as one of the co-chairs of @ReadyForHillary‘s national finance council.”
We are proud to welcome George Soros as one of the co-chairs of @ReadyForHillary‘s national finance council.
You can see it coming, can’t you? The yield on 10 year U.S. Treasuries is skyrocketing, the S&P 500 has been down for 9 of the last 11 trading days and troubling economic news is pouring in from all over the planet. The much anticipated “financial correction” is rapidly approaching, and investors are starting to race for the exits. We have not seen so many financial trouble signs all come together at one time like this since just prior to the last major financial crisis. It is almost as if a “perfect storm” is brewing, and a lot of the “smart money” has already gotten out of stocks and bonds. Could it be possible that we are heading toward another nightmarish financial crisis? Could we see a repeat of 2008 or potentially even something worse? Of course a lot of people believe that we will never see another major financial crisis like we experienced in 2008 ever again. A lot of people think that this type of “doom and gloom” talk is foolish. It is those kinds of people that did not see the last financial crash coming and that are choosing not to prepare for the next one even though the warning signs are exceedingly clear. Let us hope for the best, but let us also prepare for the worst, and right now things do not look good at all.
The following are 18 signs that global financial markets are entering a horrifying death spiral… Continue reading »
It just keeps going form bad to worse for William Ackman. The so-called retail expert tried to diffuse the situation today by announcing a massive $2 billion position in Airgas, only for Herbalife to go right back front and center, following news moments ago from CNBC that none other than George Soros has taken a long stake in Herbalife, and not just any stake but a “top 3″ position. We haven’t done the math but the float out there must be getting dangerously low for Ackman: low enough to where the Volkswagen scenario we predicted in early January (just as we predicted the imminent epic short squeeze) may finally come in play as there is not enough float to cover Ackman’s short, and certainly not when the longs decide to pull all the borrow. If and when the Ackman margin calls hit, we hope that Soros will accept shares of Airgas as deliverable.
Reuters erroneously published an advance obituary of financier and philanthropist George Soros. A spokesman for Soros said that the New York-based financier is alive and well. Reuters regrets the error.
* * *
First CNN, then AP, now Reuters: the entire media is increasingly starting to look like amateur hour. Unless, of course, Soros is like Osama, and had several “reincarnated” body doubles, with the original specimen long gone.
Here is our suggestion for another prepared article: “Today after XX centuries of monetizing debt, the Emperor of the Galactic Central Bank, Gaius Maximus Printius Bernankius the DCLXVIth, ended QE in the year of the alien invasion, XXXXX. Bread costs XXXXXXXXXXX.”
Just out from Reuters, an article which will certainly be withdrawn in milliseconds. Intern heads will roll for this, although it would be truly “New Normal” if Soros were to have a heart attack upon reading news of his own death, and die from it.
George Soros, enigmatic financier, liberal philanthropist dies at XX
By Todd Eastham
WASHINGTON, XXX (Reuters) – George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.
He was known as “the man who broke the Bank of England” for selling short the British pound in 1992 and helping force the United Kingdom to withdraw from the European Exchange Rate Mechanism, which devalued the pound and earned Soros more than $1 billion.
Previously, we have pointed out why Japan’s attempt at reincarnating its economy, geared solely at generating a stock market-based “wealth effect”, and far less focused on boosting the country’s trade surplus or current account, is doomed to failure, namely due the drastically lower equity participation by the general population and financial institutions in the country’s stock market. Sure, foreign investors will come and go renting each rally for a period of time, but unless the local population participates in the “reflation attempt” (which has already sent the price of luxury goods, energy and food through the rood), or in other words change the behavioral patterns of two generations of Japanese in under two years, the inflationary shock will simply leads to a loss of faith in the government and ultimately Abe’s second untimely demise. Not surprisingly, 4 months after Japan set off on the most ludicrous economic experiment in history, and one week after the BOJ announced its plans to double its balance sheet, Abe’s approval rating has already begun sliding with a poll by Asahi just reporting that popular support of Abe’s cabinet is already down to 60%, down from 71% a month ago. Continue reading »
Authored by Lee Quaintance and Paul Brodsky of QBAMCO,
Gold bugs can’t understand how the public can be so unaware, how highly intelligent policy makers can be so immoral, and how the mainstream media can be so incurious. We can’t understand why more men and women in the investment business haven’t joined some of the more successful ones that have come around to precious metals and have taken substantial positions in them for their funds and personal accounts. The list of high profile independent-minded investors that have come out of the proverbial closet is impressive and growing: Kyle Bass, John Paulson, David Einhorn, George Soros, Bill Gross and Paul Singer, to name only a few. Continue reading »
Velocity of money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling). In a healthy economy, the same dollar is collected as payment and subsequently spent many times over. In a depression, the velocity of money goes catatonic. Velocity of money is calculated by simply dividing GDP by a given money supply. This VoM chart using monetary base should end any discussion of what ”this” is and whether or not anybody should be using the word “recovery” with a straight face:
In just four short years, our “enlightened” policy-makers have slowed money velocity to depths never seen in the Great Depression.
George Soros calls on Germany to save euro by dropping austerity policies or by leaving single currency
George Soros is calling on Germany to save the euro, either by abandoning its obsession with austerity policies – or itself leaving the single currency.”The difficulty is in convincing Germany that its current policies are leading to a prolonged depression, political and social conflicts, and an eventual break-up not only of the euro but also of the European Union,” he said in an article published in the New York Review of Books.
He warned that the split between creditor and debtor countries in the euro risked becoming permanent, with debtor nations condemned to low growth because they are forced to pay a high premium for access to credit. European union was liable to fall apart under the pressure, he added.
Soros singled out Germany as the country that should take responsibility for this “class divide” in the eurozone.
“In my judgment, the best course of action is to persuade Germany to choose between becoming a more benevolent leading nation, or leaving the euro.In other words, Germany must lead or leave.”
Are you willing to bet against three of the wealthiest men in the entire world? Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down. Billionaire hedge fund manager John Paulson made somewhere around 20 billion dollars betting against the U.S. housing market during the last financial crisis, and now he has made huge bets that the euro will go down and that the price of gold will go up. And as I wrote about in my last article, George Soros put approximately 130 million more dollars into gold last quarter. So will the euro plummet like a rock? Will the price of gold absolutely soar? Well, if a massive financial disaster does occur both of those two things are likely to happen. The European economy is becoming more unstable with each passing day, and investors all over the globe are looking for safe places to put their money. The mainstream media keeps telling us that everything is going to be okay, but the global elite are sending us a much, much different message by their actions. Certainly Rothschild, Paulson and Soros know about things happening in the financial world that the rest of us don’t. The fact that they are all behaving in a consistent manner right now should be alarming for all of us. Continue reading »
If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are “connected” have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen. Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves. In fact, they appear to be rapidly preparing for something really big. So exactly what are they up to? In a previous article entitled “Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?“, I speculated that they may be preparing for a financial meltdown of some sort. As I noted in that article, more than 600 banking executives have resigned from their positions over the past 12 months, and I have been personally told that a substantial number of Wall Street bankers have been shopping for “prepper properties” this summer. But now even more evidence has emerged that quiet preparations are being made for an imminent financial collapse. That doesn’t guarantee that something will happen or won’t happen. Like any good detective, we are gathering clues and trying to figure out what the evidence is telling us.
Why Is George Soros Selling So Much Stock And Buying So Much Gold?
I am certainly not a fan of George Soros. He has funneled millions upon millions of dollars into organizations that are trying to take America in the exact wrong direction.
Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar’s structure isn’t in doubt.
Otmar Issing is looks a bit tired. The former chief economist at the European Central Bank (ECB) is sitting on a barstool in a room adjoining the Frankfurt Stock Exchange. He resembles a father whose troubled teenager has fallen in with the wrong crowd. Issing is just about to explain again all the things that have gone wrong with the euro, and why the current, as yet unsuccessful efforts to save the European common currency are cause for grave concern.
In a no-holds-barred interview with Bloomberg TV’s Francine Lacqua, the increasingly droopy-faced George Soros remains as sprite-minded as ever in his clarifying thoughts on Europe. His diagnosis is spot on: “Basically there is an interrelated problem of the banking system and the excessive risk premium on sovereign debt – they are Siamese twins, tied together and you have to tackle both” and summarizes the forthcoming Summit ‘fiasco’ as fatal if the fiscal disagreements are not resolved (and as of this afternoon, we know Germany’s constant position on this). His solution, however, is unlikely to prove tenable in the short-term as he notes “Merkel has emerged as a strong leader”, but “unfortunately, she has been leading Europe in the wrong direction”. His extensive interview covers what Europe needs, the Bund bubble, GRexit, post-summit contagion, and Mario Monti’s impotence. Continue reading »
What would the weekend be without at least one rumor that Europe is on the verge of fixing everything, or failing that, planning for a master fix, OR failing that, planning for a master plan to fix everything. Sure enough, we just got the latter, which considering nobody really believes anything out of Europe anymore, especially not something that has not been signed, stamped and approved by Merkel herself, is rather ballsy. Nonetheless, one can’t blame them for trying: “The chiefs of four European institutions are in the process of creating a master plan for the euro zone, the daily Die Welt reports Saturday, in an advance release of an article to be published Sunday. Suggestions targeting a fiscal, banking, and political union, as well as structural reforms, are being worked out by E.U. Council President Herman van Rompuy, E.U. Commission chief Jose Manuel Barroso, Eurogroup Chairman Jean-Claude Juncker and European Central Bank President Mario Draghi, according to the article. The plan is to be presented at a summit of European leaders at end of June, the article says.”
Less than credible sources report that Spiderman towels (which are now trading at negative repo rates) and cross-rehypothecated kitchen sinks are also key components of all future “master plans” which sadly are absolutely meaningless since the signature of Europe’s paymaster – the Bundesrepublik – is as usual lacking. Which is why, “the plan may well mean that the euro zone adopts measures not immediately accepted by the whole of the European Union, the article adds.” So… European sub-union? Hardly strange is that just as this latest desperate attempt at distraction from the complete chaos in Europe (which will only find a resolution once XO crosses 1000 as we and Citi suggested two weeks ago and when the world is truly on the verge of the abyss), none other than George Soros has just started a 3-month countdown to European the European D(oom)-Day.
The 20th century proved to be a century of great advancement towards the centuries old goals of the ruling elite – global slavery and total control of the world’s resources.
Through the Bilderberg Group, Council on Foreign Relations (CFR), Vatican, CIA and MI6, and the European Union (EU), and profiteering from the global drug economy – the ruling elite have developed their agenda to depopulate and remove independence from all countries and permit the aristocracies tyrannical rule from behind the military might of the United Nations (UN). Covert and overt nuclear wars are causing a catastrophic decline in the global population, funded by profiteering war mongering bankers, and politicians who authorized the use of genocidal nuclear weapons while investing in pharmaceutical companies to treat the epidemic of global illnesses caused by their nuclear weapons.
The recent skiing accident by Dutch Prince Friso, led to the exposure of the deep criminal activities of the Dutch and other aristocracies: “Grim Tidings From the Netherlands: Prince Bernhard’s Grandchildren Continue Bilderberg Legacy”. For centuries, through the Dutch East India Company, the deep involvement of the Dutch crown in the global drug trade has now been exposed as the source of the Dutch monarchies tremendous wealth. As second son, Prince Friso was involved in many aspects of the development of technologies for total control of the human race from space (HAARP), was employed by Goldman Sachs (the Rothschild bankers), Wolfenson of the World Bank, and presently a uranium enrichment company. Despite being a homosexual, he married the former girlfriend of one of the top ten drug dealers (a Dutchman) in the world – with ties to Queen Beatrix (his mother) through her lawyer. The aristocracy likes to keep their enterprises “in the family””The Real Deal” Radio Show (February 3, 2012)
“The Real Deal” Radio Show (February 3, 2012)
Host: Jim Fetzer: James Fetzer Ph.D.
Dr. Busby: Christopher Busby, Ph.D.
Leuren Moret: Leuren Moret, B.S., M.A., PhD (ABD)
Editor’s Note: This transcription was prepared by William B. Fox, Publisher, America First Books, who also helped organize this interview. Let me add a special note of appreciation to Leuren Moret, who has done a brilliant job of providing the photos and graphs that accompany Part 1 and Part 2, which have substantially enhanced the presentation of the stunning information provided by her and Christopher Busby during this historic interview. They both deserve our highest praise and commendation.
Dr. Fetzer: This is Jim Fetzer, your host on “The Real Deal”, continuing my conversation with Leuren Moret, an independent geoscientist, who has done expert studies on Fukushima among her other research efforts, and Dr. Christopher Busby, visiting Biomedical Studies Professor at the University of Ulster, expert on the effects on what turns out to be enriched uranium in Iraq, and who has authored a new book in Japanese about the Fukushima disaster. Leuren, I know you have a number of things you would like to say.
Leuren Moret: Yes, in 2009 I was invited to my second War Crimes Conference in Malaysia by Tun Dr. Mahathir [former Prime Minister of Malaysia], and Chris was there in 2007. He did an absolutely wonderful, wonderful presentation. And my presentation in 2009 was titled “UN 2008 Report Evidence of Global Decline in Population and Fertility”. I put up two United Nations [UN] diagrams [Fig. 8, 10] from that report – their [UN] own report – that demonstrated that since 1986 all countries in the world, all regions in the world, have had declining populations and declining fertility. Continue reading »
A camel lies dead at the side of a road near the Saudi capital of Riyadh
by Jim Fetzer, Leuren Moret and Christopher Busby
Over the past century, the American military has been transformed into the supreme global “military cop”, in large measure for the financial benefit of the international banking cartel and transnational corporations.
This transformation is manipulated daily by the international financiers, also known as the Zionist Anglo-American “permanent war crimes racketeering syndicate”, which secures mineral resources in weaker countries and pumps vast quantities of drugs into the global market.
Headquartered in Hong Kong, the UK and China are partners in a hidden global drug economy with 5 times more money circulating than in the economy we know.
The cost of these military adventures since World War II, accelerated by the introduction of nuclear weapons, has been very high and may even lead to the extinction of our species.
Two million US soldiers and veterans since 1990 are medically disabled, dying homeless in the streets of America, with little help from the US government.
Poisoned with depleted uranium and the “smog of war”, soldiers are guaranteed a death sentence on the modern battlefield where a new form of nuclear Kabuki warfare has been secretly raging for more than twenty years.
The global effect of the resulting nuclear pollution has been a drastic increase in birth defects, infant mortality, and death rates across continents, regions and mountain ranges.
German Salt Mine Storage – the Sloppy Days
A stunning global decline in fertility and birth rates, with an increase in death rates, will result in the economic decline and loss of cultural and physical viability in countries, where the replacement birth rate is falling and populations are shrinking.
Elevated levels of uranium in Los Angeles drinking water were reported, and correlated with individual battles in the Middle East and Afghanistan during 2006-07.
Iran has one of the highest declines of fertility in the world, from 8+ children per woman before Chernobyl in 1986, to less than two children per woman by 2002, and continuing to decline over the past decade.
The astounding increase in Iranian deaths in 2006-07, was 3.6 million, a seemingly inexplained 4.7% drop in population in a single year. In the same time period many thousands of camels died throughout the Middle East and North Africa, 5,000 alone in Saudi Arabia and no known cause.
Such a catastrophic and acute phenomenon in both humans and animals indicates an environmental cause. Forensic evidence is now emerging that Iran has been the target of a covert nuclear war since 1990, carried out by the US and the UK from Iraq and Afghanistan.
Iran is not the real nuclear threat, which instead derives from the US and Britain, who are partners in new forms of nuclear annihilation with the world’s population downwind. Brace yourself for what you are about to learn.
“The Real Deal” Radio Show (February 3, 2012)
Host: Jim Fetzer: James Fetzer Ph.D.
Dr. Busby: Christopher Busby, Ph.D.
Leuren Moret: Leuren Moret, B.S., M.A., PhD (ABD)
Editor’s Note: This transcription was prepared by William B. Fox, Publisher, America First Books, who also helped organize this interview.
Dr. Fetzer: This is Jim Fetzer, your host on “The Real Deal” with a return engagement of two simply extraordinary guests I have had in the past. Leuren Moret, an independent geoscientist who has done expert studies on the Fukushima disaster and radiation problems around the world, including depleted uranium, and Dr. Christopher Busby, a visiting biomedical studies professor at the University of Ulster and the co-author of reports about the effects of depleted uranium — but it turns out to be enriched uranium — in Iraq, especially in Fallujah. Our interviews about this have been previously archived at Veterans Today, in particular under the heading of [hour one: "Catastrophic Effects of Radiation Contamination"and hour two:] “New Bombs and War Crimes in Fallujah” Leuren and Chris welcome to the show.
Dr. Christopher Busby: Yes, hello.
Leuren Moret: Thank you.
Dr. Fetzer: I am so pleased to have you both here today. I thought we would begin with Leuren giving us an update on what has been going on with Occupy Wall Street in Oakland and related issues, because it seems as though the government is using military-type tactics and weapons, some of which appear to be very sophisticated. Leuren, could you bring us up to date?
L. Moret: Well in October the Homeland Security, local law enforcement, the Oakland Police Department, which is the FBI COINTELPRO headquarters for northern California, and even troops from Bahrain in the Middle East practiced terrorism drills on the UC Berkeley campus. This was in October in anticipation of the Occupy movement. And so now we know they are including foreign troops in this too.
Dr. Fetzer: That is pretty bizarre, all by itself, Leuren, foreign troops in the United States. I think if the American people knew that, they would be outraged.
Fig. 1: ISRAEL’S ELITE SWAT TEAM WINS INTERNATIONAL URBAN SHIELD 2011 COMPETITION – For the second consecutive year since Israel’s Police elite SWAT team, the “YaMaM,” has participated in the prestigious Urban Shield counter-terror competition in the USA, the YaMam has once again won first place. Similar to last year’s impressive win, Israel’s accomplishment remains strangely, highly under-reported. The only mention of this impressive achievement is on the Facebook page for Israel’s police. 32 SWAT teams from the USA, the FBI and from other countries, participated in the non-stop 48 hour competition. The competition included counter-terror, dealing with serious crimes, hostage retrieval, and a variety of tactical and urban combat situations. Source
L. Moret: Well people are pretty outraged here. And so then the Occupy movement, pretty much in California, started on the UC Davis campus which is one of the most conservative of the UC campuses because it has an agriculture history. And now this is really interesting, the new chancellor of UC Davis — I have two degrees from UC Davis — is a Greek woman, and she was involved in the student riots and protests in Greece, I have forgotten when it happened, maybe the 60′s or 70′s. And she is extremely conservative and she refused to even talk to the students. They were just sitting on the sidewalks in silence and in a park, and she ordered the UC Davis police to go down and pepper spray those protestors, so there are these great video clips – taken from cell phones – of this officer just walking up and down this line of maybe 30 or 50 students sitting with their heads down and their hands on their laps, and he just sprayed them in the face and all over their bodies with pepper spray.
Fig. 2: OCCUPY MOVEMENT AT U.C. DAVIS CAMPUS (Photo: REUTERS – Brian Nguyen) A University of California at Davis police officer pepper-sprays students during their sit-in at an “Occupy UCD” demonstration in Davis, California in this 18 November 2011 file photo. Source
And so the Occupy movement spread from there and we have had a lot of Occupy movement situations going on for the last couple of weeks in Oakland, California, which is across the San Francisco Bay from San Francisco.
Dr. Fetzer: Leuren, I have seen those videos of the campus police officer pepper-spraying those students, and it is completely stunning. They are totally passive.
Dr. Fetzer: I am sure it violates all of the guidelines for the use of pepper spray. It is not only blatantly unethical, abusive of the students, but I am sure it is in violation of the law.
L. Moret: There was not even any justification for it.
Dr. Fetzer: No justification whatsoever.
L. Moret: And so what has happened as a result, is that the police presence and police force keeps getting ramped up with each one of these Occupy situations in different cities and campuses. And just on the weekend, that would be the end of January 2012, in Oakland they arrested 400 people. And then the demonstrators were marching through Oakland. They were going to occupy an empty building and the police have just increased their pressure to shut it down. And along with this is that there has been an increase in communications disruption, telephones, Internet, computers, with an increase in electromagnetic frequency (EMF) weapons used at all levels against everyone in various parts of the U.S. on the Occupy movement. And this was all funded by George Soros.
The whole Occupy movement in the U.S. is a George Soros project. And it is a continuation of the colored and flowered revolutions that he funded in Central Asia, then Eastern Europe, then North Africa, then the Middle East, and so basically the United States is being overthrown right now in a silent revolution funded by George Soros who is an agent for the City of London bankers. The Rothschilds. Continue reading »
And elite puppet financier George Soros SHOULD KNOW, because he generously helped funding the ‘Occupy Wall Street’ movement!
From the article:
‘The euro must survive because the alternative – a breakup – would cause a meltdown’
- George Soros
‘The situation is about as serious and difficult as I’ve experienced in my career’
- George Soros
‘The worst-case scenario is a collapse of the financial system’ - George Soros
This is just hilarious! George Soros warns of the the dire (intentional!) consequences of a crisis that his elite masters created in the first place.
The greatest financial collapse in world history IS THE PLAN! The destruction of the middle class and of the US dollar IS THE PLAN! Turning the US into a Third World country IS THE PLAN! Total chaos followed by ‘Ordo ab Chao’ and the fascist New World Order IS THE PLAN!
We already knew previously that shortly after it filed for bankruptcy, George Soros bought $2 billion in Italian bonds from the bankrupt MF Global. One thing we did not know was the terms of the purchase. Today, the WSJ has disclosedanother facet of the bankruptcy which like Lehman will expose gigabytes of dirt on the corrupt US financial system. Namely, that after liquidating, MF sold Italian bonds – the culprit that ultimately led to the bank’s bankruptcy – to none other than JP Morgan and “one large hedge fund.”So far so good. Where it gets disturbing is that as the WSJ discloses, “buyers paid about 89 cents on the dollar for the Italian bonds, compared with a market price of about 94 cents at the time, according to the trader who bought them…Today, those bonds trade at more than 96 cents, according to Tradeweb.” Our question is first, why did the bankrupt MF Global estate proceed to unload post-filing assets and under whose discretion: after all the company had entered bankruptcy, and it is up to the estate, which includes bondholders and other stakeholders to determine what assets and under what conditions, can be liquidated. Did MF Global believe that the same exemption from the law that it apparently thought was applicable to its pre-petition, was also valid under bankruptcy? Because if the firm did not get prior-permission form a bankruptcy judge to liquidate these assets, this is an act far worse than commingling and even the firesale of Lehman’s US Brokerage to Barclays for pennies on the dollar – this is flaunting bankruptcy law front and center.
Secondly, and perhaps just as important, who on the estate agreed to give JPM a 5% explicit discount to what the article notes was a fair price that is 5% higher and which by definition would have had bidders at that price. We hope someone in the Senate will take a quick look at this note, and the related WSJarticle, and ask Messrs Corzine et al to provide some much needed clarity on this topic.
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.
Bretton Woods is, of course, the location of a monetary conference that was held following World War II. Lew Rockwell explained what went down at that conference:
At the end of World war II, the monetary condition of all nations was deplorable. The United States faced a massive debt overhang from the war and yet this country was still a creditor nation to the world. The United States also had huge stockpiles of gold. Most everyone else was flat-out bankrupt, as only a gargantuan government program can accomplish. The main currencies had been wrecked and the main economies along with them.
As was the fashion, world elites assembled to plan some gigantic coordinated solution. They met from July 1 to July 22, 1944, at the Mount Washington Hotel in Bretton Woods, New Hampshire, and drafted the Articles of Agreement. It was nearly a year and a half later, in December 1945, that the agreement was ratified. On March 1947, one of the monstrosities created during event, the International Monetary Fund, began operations.[The World Bank was also created at Bretton Woods-RW]
What was the goal of the plan? It was the same goal as at the founding of the Federal Reserve and the same goal that has guided every monetary plan in modern history. The stated idea was to promote economic growth, encourage macroeconomic stability, and, most absurdly, tame inflation. Of course, it did none of these things.
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.