Tuesday, November 9, 2010

George Soros, The Federal Reserve, And the War on the Dollar

Cliff Kincaid of Canada Free Press wrote an excellent but chillingly disturbing article that encapsulated what many of us that have been paying attention to the Federal Reserve and George Soros already knew or suspected.  It would seem that they both are working ultimately towards the collapse of the dollar.  While the former seems to be doing so through sheer incompetence, the latter is working to do so by design. 

In an excerpt from Kincaid's story he discusses an interview conducted by Accuracy in Media with financial expert and author of The Wizards of Wallstreet, Zubi Diamond.  In this interview, Diamond expresses his "deep disgust with the Federal Reserve’s decision to print more money and buy more U.S. debt, saying it is a sign that the U.S. capitalist system is moving closer to collapse."

Further, Kincaid writes:

...Diamond went on to say, “The Fed is following the economic models of Third World countries by printing more money and devaluing their currencies. If you keep doing what Third World economies do, eventually you will become a Third World economy.”

The Fed’s new action, labeled “quantitative easing” or QE2, follows a first attempt at “QE,” known as QE1. QE means that the Federal Reserve is printing more money and buying more government debt. In total, according to Investor’s Business Daily, “the Fed will have created $2.5 trillion out of the blue.”  (emphasis mine)

“What is most troubling to me about this,” Diamond added, “is that the Fed’s QE2 is in alignment with George Soros’s agenda to destroy global capitalism.” The decline of the dollar “is what George Soros wants and what he has proposed in the past,” he noted.

Soros, the billionaire hedge fund operator who finances various leftist and Marxist groups, including Media Matters, has made his fortune by betting on the collapse of national economies and currencies. He was convicted of insider trading in France.

Media Matters recently received $1 million from Soros so that it could try to mute the effectiveness of conservative media organizations and personalities, some of them critical of Soros.

Diamond states that if continuation down this path is not stopped immediately then the collapse of capitalism will net George Soros and members of his hedge fund a gargantuan pay day. “They are betting against the dollar and moving assets to gold and to the emerging economies. They are betting against U.S. survival as a capitalist nation,”  says Mr. Diamond. (again, emphasis are mine)

Diamond’s criticism follows the shocking statements of Charles Ortel, managing director of Newport Value Partners, who told AIM that the Federal Reserve plan to buy $600 billion of U.S. Government securities “borders on the criminal” because the impact will be the devaluation of the dollar by 20 percent and the destruction of $10 trillion of household net worth. 

...Charles Ortel had told AIM that the result of the upheaval will be a new “global regulatory regime” to manage the U.S. and other economies. In this regard, talk of global taxes by the United Nations has increased recently and Obama himself endorsed the concept in a document adopted by the September 20-22 U.N. Summit on the Millennium Development Goals.

So George Soros is further positioning his resources in order to weaken the dollar while investing in emerging nations and buying up gold.  He has invested millions upon millions of dollars in left wing media entities to shout down and try to silence his critics, all the while Chairman Ben Bernake of the Federal Reserve, almost in synchronization with Soros' plan, works to monetize our debt and thereby further destroy the value of the U.S. dollar.  

This does indeed look like the formation of the perfect storm.  While, Soros will be more difficult to deal with, the Federal Reserve needs to be stopped by President Obama and Congress immediately before they continue to devalue our currency further.  The collapse of our economy, and indeed of capitalism, may very well be the result otherwise.  One also wonders if this is indeed what President Obama wishes also.

Read Cliff Kincaid's entire story in Canada Free Press here


Anonymous said...

The reason why they are working towards the same goal is because they are the one and the same. Why don't we know exactly who runs the FED they will not tell even if asked I believe that it is because Soro's and the rest of the Bilderberg Group Are in fact the controller's/Head's of the FED they control all the money and the politicians not just here in the US but most of the European country's,Russia,England and now Soro's is working his way through the Middle East into China It will not stop even if the old fart Soros croaks because it isn't just his agenda it is and always has been Builderberg's agenda to completely Control every aspect of this world and our lives

Anonymous said...

Why would Obama want to stop the Federal Reserve? After all he has 11 member from the Trilateral Commission as appointed senior staff members. Obama was groomed for the presidency by key members of the Trilateral Commission Most notably, it was Zbigniew Brzezinski, co-founder of the Trilateral Commission. Another cofounder David Rockefeller sits as a Class A member of the Federal Reserve. In my opinion Obama is nothing more than a puppet for the Federal Reserve/Trilateral Commission. Obama spent trillions of dollars during his term all of it barrowed from the Federal Reserve, remember the bailouts. He was also able to pass a health care bill that would force America to barrow billions more. Remember, when we barrow money someone pays the interest on all that money and that someone is Americans and their future generations.
I agree the Federal Reserve needs to be stopped, but don’t count on Obama or this congress to do it.