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| Photo credit:realnewsreporter.com The billionaire, George Soros, who once crushed the British pound through currency trading openly declared his plans to “reform the currency system.” In the Machiavellian mind of Soros, the dollar needed to take a back seat and end its stint as the world reserve currency. “The dollar no longer enjoys the trust and confidence that it once did, yet no other currency can take its place,” he wrote in late 2009 |
It is now 2011 and he is already pushing aside the dollar. “The big question is whether the U.S. dollar should be the reserve currency; and, in fact, it no longer is,” Soros told Bloomberg. He’s not the only one. Nobel Prize winning economist and Soros buddy Joseph Stiglitz said he is arguing for “a global reserve currency.” Stiglitz, who also chairs the U.N. General Assembly on Reforms of the International Monetary and Financial System, called for a new “global system,” saying the current one is “fundamentally unfair because it means that poor countries are lending to the U.S. at close to zero interest rates.”
Read more: http://www.foxnews.com/opinion/2011/04/21/soros-bretton-woods-conference-accelerates-push-new-global-economy/#ixzz1KHWXTwxo
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| The Sinking Dollar Meanwhile Soros' plan is working: The dollar is hitting a record low against foreign currencies and Gold is hitting record highs Read More: |
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