Soros: China Will Lead New World Order

[SAMSON123]

October 28
Soros: China Will Lead New World Order
 
Billionaire globalist warns Americans against resisting new global financial system

Paul Joseph Watson
Prison Planet.com
Wednesday, October 28, 2009



Billionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist the country’s decline as the dollar weakens, living standards drop, and a new global currency is introduced.

Asked what Obama should discuss when he visits China next month, Soros stated, “This would be the time because I think you really need to bring China into the creation of a new world order, financial world order,” adding that China was a reluctant member of the IMF who didn’t make enough of a contribution.

“I think you need a new world order that China has to be part of the process of creating it and they have to buy in, they have to own it in the same way as the United States owns…the current order,” said Soros, adding that the G20 was a move in this direction.

Soros said that there was a flight from currencies across the board, and that this is why the price of commodities, notably gold and oil, were generally rising. He also stated that an orderly decline of the dollar was “desirable” and that the entire system needed to be reconstituted towards a global currency.

“You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the wider use of Special Drawing Rights, they could be very useful now when you have a global shortfall of demand, you could actually internationally create currency through Special Drawing Rights,” said Soros, explaining that this was already in process after the IMF injected an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion into the global economy.

Soros also stated that richer countries were already transferring wealth to poorer countries via SDR’s, with the IMF paying for the half per cent transaction cost.

Soros said the world would have to go through a “painful adjustment” following the decline of the dollar and the introduction of a global currency. Reading between the lines, he essentially threatened to kill the dollar completely if the United States did not get on board with the global currency.

Soros predicted that China would become the new engine of the global economy, replacing the U.S., and that this would slow economic growth and reduce living standards. Soros characterized the United States as a drag on the global economy because of the declining dollar.

[GigantorX]

An Anti-American wishful thinking piece of shit.

How in gods name will China lead anything?

[Fury]

An Anti-American wishful thinking piece of shit.

How in gods name will China lead anything?

My guess is through fear, intimidation and mass murder like they've been doing for decades. 

 

[Hedgehog]

An Anti-American wishful thinking piece of shit.

How in gods name will China lead anything?

EU is an example that if countries get integrated enough through business, they will build strong ties and won't start wars.

Look at Germany and France.

Only 60 years ago, mortal enemies.

Now they're close allies.

If USA and China, as well as Russia, the three main military powers (USA is the only real one, but the two others) becomes integrated in trade, there is a good chance that diplomacy relations will grow over time.

I hope to see many more Russian and Chinese companies in the USA, as well as US companies in Russia and China.

And in the future, Russian-American companies, et al.

[SAMSON123]

An Anti-American wishful thinking piece of shit.

How in gods name will China lead anything?

He controls the currency markets and can bring calamity in a moments notice...Fear this creature.

China is and will be the CENTER of it all shortly...get used to it.

[bigdarksnake]

China depends on us, as much as we depend on them. While China might be experiencing tremendous growth it is still very much a 3rd world country. I'm calling bs on this for now.

[Parker]

Does he have any business interests in China? The man is shrewd, and the only reason why he would suggests this is if he benefitted from it.

[SAMSON123]

China depends on us, as much as we depend on them. While China might be experiencing tremendous growth it is still very much a 3rd world country. I'm calling bs on this for now.

You seem confused.... CHINA is NOT dependent on america and is certainly not third world unless america is fourth or fifth world. China has secured business around the world and really does not need america at all. As a matter of fact america is a liability to China...not the asset you think. China loans america 3 to 5 BILLION per day. For China to cut america off would save it all that much more money. so far as the manufacture of goods...don't be fooled by teh american LIE. America's population is less than 300 mill and it can in no way consume as it is claimed it does. These lies are just propoganda put out make americans feel less "dependent" on China for everything and more like China should be glad american consume as they do becasue this keeps them in business. Shipping to america has been reduced to practically zero, yet China is still growing at nearly 10 percent per year...showing China does not need america.

[bigdarksnake]

You seem confused.... CHINA is NOT dependent on america and is certainly not third world unless america is fourth or fifth world. China has secured business around the world and really does not need america at all. As a matter of fact america is a liability to China...not the asset you think. China loans america 3 to 5 BILLION per day. For China to cut america off would save it all that much more money. so far as the manufacture of goods...don't be fooled by teh american LIE. America's population is less than 300 mill and it can in no way consume as it is claimed it does. These lies are just propoganda put out make americans feel less "dependent" on China for everything and more like China should be glad american consume as they do becasue this keeps them in business. Shipping to america has been reduced to practically zero, yet China is still growing at nearly 10 percent per year...showing China does not need america.

Not to argue man but look at some of this information here:
http://www.prosperity.com/rankings.aspx

Looking at a trade deficit, or amount of exports is just part of the picture.

[SAMSON123]

Not to argue man but look at some of this information here:
http://www.prosperity.com/rankings.aspx

Looking at a trade deficit, or amount of exports is just part of the picture.

You're kidding right?

Did you look at the figures on that chart for america?...5 percent unemployment, 2.9 percent inflation, highest spending in the world??? huh? Could that be becasue america has the most disparity in prices of goods that are NECESSARY to survive. A home is NOT an investment and therefore can not be looked upon as capital a person has. You can sell your home, but where would you live? This chart is not only filled with WRONG information, it does not inform the observer that the wealth of CHina (3 to 5 Billion per day is added into america's cofferes to make it look rich, it also does not take in to consideration the manipulation of the stock market to make those businesses that participate in that "gambling game" appear more profitable than they are. The fact that america is in a total and complete downfall now based on LIES, MANIPULATION, FRAUD, CORUPTION etc is all the more clear example that america is NOT what it claims it is. Add to this the fact that america has to borrow the 3 to 5 BILLION from china every day to remain solvent should tell you that ameica is in VERY FINANCIALLY POOR SHAPE. Gerald Celente, Peter Schiff, Larry Parks, Bob Chapman etc all have said that the real unemployment in america is over 20 percent now. The american gov't supposedly didn't realize it was in a recession for two years after these guys were reporting to the world that america was in one. Now america is in a DEPRESSION and the government is saying it is in a RECOVERY...HUH? WHAT???....

Accept adn know this...AMERICA IS FOURTH WORLD at best. I listen every morning to the news to hear when it will finally be announced that america has finally collapsed and then see the rioting, shocked faces, panic, dissaray, mayhem that will ensue when the population realizes they have been LIED to. The greater shock is adn will be the fact that the rest of teh world knew and knows of america's woes..... all except the americans.

[Signifying Monkey]

You're kidding right?

Did you look at the figures on that chart for america?...5 percent unemployment, 2.9 percent inflation, highest spending in the world??? huh? Could that be becasue america has the most disparity in prices of goods that are NECESSARY to survive. A home is NOT an investment and therefore can not be looked upon as capital a person has. You can sell your home, but where would you live? This chart is not only filled with WRONG information, it does not inform the observer that the wealth of CHina (3 to 5 Billion per day is added into america's cofferes to make it look rich, it also does not take in to consideration the manipulation of the stock market to make those businesses that participate in that "gambling game" appear more profitable than they are. The fact that america is in a total and complete downfall now based on LIES, MANIPULATION, FRAUD, CORUPTION etc is all the more clear example that america is NOT what it claims it is. Add to this the fact that america has to borrow the 3 to 5 BILLION from china every day to remain solvent should tell you that ameica is in VERY FINANCIALLY POOR SHAPE. Gerald Celente, Peter Schiff, Larry Parks, Bob Chapman etc all have said that the real unemployment in america is over 20 percent now. The american gov't supposedly didn't realize it was in a recession for two years after these guys were reporting to the world that america was in one. Now america is in a DEPRESSION and the government is saying it is in a RECOVERY...HUH? WHAT???....

Accept adn know this...AMERICA IS FOURTH WORLD at best. I listen every morning to the news to hear when it will finally be announced that america has finally collapsed and then see the rioting, shocked faces, panic, dissaray, mayhem that will ensue when the population realizes they have been LIED to. The greater shock is adn will be the fact that the rest of teh world knew and knows of america's woes..... all except the americans.

you are possibly even more of a ridiculous fool than any persons going under the name hugo chavez

[SAMSON123]

you are possibly even more of a ridiculous fool than any persons going under the name hugo chavez

Bought into the american hype..huh?  *snicker snicker* Your eyes will soon be opened.

[The Showstoppa]

Samboson is the chicken little of getbig. 

[GigantorX]

You seem confused.... CHINA is NOT dependent on america and is certainly not third world unless america is fourth or fifth world. China has secured business around the world and really does not need america at all. As a matter of fact america is a liability to China...not the asset you think. China loans america 3 to 5 BILLION per day. For China to cut america off would save it all that much more money. so far as the manufacture of goods...don't be fooled by teh american LIE. America's population is less than 300 mill and it can in no way consume as it is claimed it does. These lies are just propoganda put out make americans feel less "dependent" on China for everything and more like China should be glad american consume as they do becasue this keeps them in business. Shipping to america has been reduced to practically zero, yet China is still growing at nearly 10 percent per year...showing China does not need america.

You always post shit about propaganda and lies and such...but you will believe anything that comes out of a communist/serfdom country? You just said it yourself, shipping to America has been near zero yet China keeps "growing" at 10% per year. How could China be growing at that rate if the nation that consumes an overwhelming amount of its exports stops consuming them? The rest of the world hasn't picked up the slack, overall Chinese exports are down, yet they still "grow" at the magical and mystical 7.5-10% mark. What a joke.

Further, why do you think China buys our debt? Or Japan for that matter? They need to create artificial demand so as to keep our interest rates artificially low and keep our cheap credit bubble expanding so we can keep buying their largely export dependent products. We are all in this dance and this game together. Your assertion that China could just sit out a bond auction without tanking their own nation is ludicrous. If their economy explodes, those in the Communist regime will lose control....they can't have that, they are to pragmatic.

China has no domestic consumption, their "middle class" is locked into serfdom in their sweatshop economy and has little overall purchasing power relative to the Wests middle class. The govt. forces banks to make loans no matter the returns, their stimulus is huge and is also feeding a MASSIVE bubble. China is completely dependent on others consuming its products, yet when "others" stop consuming them they still grow at 10% no matter what. This may change in the future, but not in the near to mid-term. They need a drastic change in govt., freedom etc. Their "industrial revolution"  is based on total exploitation and a manipulated currency. Where is the Chinese innovation? Cars? Energy? Where? They rely on outside forces and they will run straight into the teeth of this recession, high commodity prices and a looming demographic problem.

You speak as if China is some sacred crow, you ignore facts and logic. All so you can use them to pillar the U.S.

And you have the nerve to call us gullible.

[Hedgehog]

China's currency was for many years undervalued in comparison to the dollar.

I think that's common knowledge.

It was an issue that was always discussed at China-US talks over the last 10-15 years.

Clinton, as well as Bush Jr brought it up with the Chinamen.

Finally, the Chinese currency is starting to get priced at the right value in comparison to the dollar.

And the trade balance is somewhat leveling out.


Samson writes that China isn't dependant on USA.

He's correct - insofar that China can set their own agenda. China has a strong economy of their own.

But he's also incorrect.

Because a large portion of the Chinese trade depends on the US market.

Right now, China is in a bit of transition. Where they're trying to work out how to go from being a export area with low wages.

To a high tech zone with higher, almost Western world wages.

[loco]

This means we are all going to die from toxic, radioactive and poisonous Chinese products:

Medicine
Dairy products
Tooth paste
Dry Wall
Exploding cell phone batteries
Exploding cell phone chargers
Pet food

[Hedgehog]

This means we are all going to die from toxic, radioactive and poisonous Chinese products:

Medicine
Dairy products
Tooth paste
Dry Wall
Exploding cell phone batteries
Exploding cell phone chargers
Pet food

Yes.

It's part of the Chinese conspiracy to...TAKE OVER THE WORLD!!!!

[loco]

Yes.

It's part of the Chinese conspiracy to...TAKE OVER THE WORLD!!!!

 

Well, they do kill their own too:

Exploding cellphone kills Chinese man
http://www.engadget.com/2009/02/02/exploding-cellphone-kills-chinese-man/

[Fury]

You always post shit about propaganda and lies and such...but you will believe anything that comes out of a communist/serfdom country? You just said it yourself, shipping to America has been near zero yet China keeps "growing" at 10% per year. How could China be growing at that rate if the nation that consumes an overwhelming amount of its exports stops consuming them? The rest of the world hasn't picked up the slack, overall Chinese exports are down, yet they still "grow" at the magical and mystical 7.5-10% mark. What a joke.

Further, why do you think China buys our debt? Or Japan for that matter? They need to create artificial demand so as to keep our interest rates artificially low and keep our cheap credit bubble expanding so we can keep buying their largely export dependent products. We are all in this dance and this game together. Your assertion that China could just sit out a bond auction without tanking their own nation is ludicrous. If their economy explodes, those in the Communist regime will lose control....they can't have that, they are to pragmatic.

China has no domestic consumption, their "middle class" is locked into serfdom in their sweatshop economy and has little overall purchasing power relative to the Wests middle class. The govt. forces banks to make loans no matter the returns, their stimulus is huge and is also feeding a MASSIVE bubble. China is completely dependent on others consuming its products, yet when "others" stop consuming them they still grow at 10% no matter what. This may change in the future, but not in the near to mid-term. They need a drastic change in govt., freedom etc. Their "industrial revolution"  is based on total exploitation and a manipulated currency. Where is the Chinese innovation? Cars? Energy? Where? They rely on outside forces and they will run straight into the teeth of this recession, high commodity prices and a looming demographic problem.

You speak as if China is some sacred crow, you ignore facts and logic. All so you can use them to pillar the U.S.

And you have the nerve to call us gullible.

Hahaha, ouch. China has been hit a lot harder than they let on by this recession. There have been massive layoffs across the board in that country and many of the factory workers that left their rural villages to work in the city are now struggling to make ends meet and some have been forced to move back in with their parents out in the country because they are broke and can't find work. They've got an aging population, massive corruption and many other growing problems that will have to be straightened out before that country goes anywhere. Their government is a bunch of liars so I would take any statistics they release with a grain of salt.

Samson is nothing more than a gimmick that exists to post inflammatory shit and this thread is a perfect example of it.