Soros: China should lead 'new world order'

reply to post by SLAYER69

It's true. However now is not the time IMO. The transition needs to happen at a slower pace

You're right, the world is a long way from adoption of a global currency!

China should step up to the plate as the leader of a new global economic order, and the US shouldn't fear the establishment of a global currency because it would help the economy, billionaire investor George Soros says

George Soros is blowing smoke from both ends again! He's trying to attack the US dollar like he did the Pound while the US is being pummeled from numerous other sources as we have seen in the news today.

Soro's is probably placing large shorts and puts on the dollar tomorrow. He has the billions, he will probably win and if he looses it's small change to Soros!

Meanwhile:

Iran to open int'l oil bourse
Which threatens the Dollar because Iran will try to switch to the Euro for oil payment on their new exchange.

Russia is trying to get a UN resolution passed to stop star wars type weapons in space.]
Obviously this is aimed at the US.

And:
[url=http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6894633.ece]Venezuela accuses Colombia of spying and warns of US aggression
The US is accused of aggression against Chavez!

No, it is no time for a global currency as Europe has not totally accepted the Euro (the Pound is still the Brittish currency).

And the Amero is a long way off it appears!



[edit on 30/10/09 by plumranch]

[edit on 30/10/09 by plumranch]

[edit on 30/10/09 by plumranch]

ni how!

time to start learning Chinese, guys... get with the program people!


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[edit on 30-10-2009 by prevenge]

reply to post by prevenge


Nobody needs to learn Chinese.

If it plays out the way they want it to. China will be a major player in the background. China is an introverted state. The US would be the armed police wielding it's military power...

[You don't have to win wars, just have the ability to destroy non compliant countries]

and become the enforcer for the NWO.


[edit on 30-10-2009 by SLAYER69]

reply to post by SLAYER69


I could be wrong Slayer, not everyone agrees with my theories go figure!

Yet I truly believe that the reason the U.S. was grown to become so powerful was to divert eyes from it's Roman and European financers and benefactors.

In other words its all about misdirection. At the same time though you don't want the entities you create to facilitate your power to become so powerful in their own right that they can truly supplant you by purpose or accident.

That's why I believe the U.S. is being taken down a notch to transfer a sizable portion of our wealth and prestige to China.

Where as the upper echelons of our government and corporate entitities know from where the butter comes for their bread, the actual people left in the dark don't. Ultimately the people if left unmollested in their own personal wealth and notions of freedom might exercise them. Solution take away their wealth and some of their freedoms and bestow them on someone else.

China is in a unique position as a beneficiary because of it's immense size and population.

It has the capability to function for the central ruling powers in Rome and Europe the same way America has. It hasn't grown to big for it's own briches though and is in a better position to be controlled as it seeks more wealth, ammenities and stature that the ruling Oligarchs can and are in fact supplying just as they once did here.

Once again I could be wrong but I believe the true central authority of a New World Order, One World Government will be based in Europe either out of Rome or one of the other principal old Holy Roman Empire strong holds like the Netherlands or the UK or Berlin or possibly Switzerland.

I don't see our fortunes improving anytime soon and heavily indebt to nations like China its hard to see where we will muster the clout to carry out this enforcement role that we have long been called upon to do in the past but might no longer be wanted to do in the future so as to not rival central authority or rebel against it in a New World Order.

China is being grown and developed and transformed at an alarming rate by American and European Oligarchs. The American Oligarchs all have strong ancestoral and financial ties to the European capitols and principals and often do act in accordance and tandem with them.

It is not that I don't respect your opinion on this, but I fear it is wishful thinking.

The writing I feel is on the wall for those who care to be honest with themselves about what it says.

As to whether we Americans can change this course by reasserting our own sovereignty over Washington and the Corporations remains to be seen.

Considering the District of Columbia is not part of the United States but functions as an Independent City State not beholded to the States and long has makes our struggle an uphill one especially considering the deep divisions in the political landscape within the states.

Our treasury is being looted through the bailouts and the wealth of our industry has been transfered overseas principally to China.

I fear all we will be left with is a mountain of debt and rancor amongst a heavily divided and confused people.

We are being surpassed slowly but surely. China now has the second largest number of billionaires in the world behind us. It's fortunes continue to rise while ours continue to wane.

Soon we will be completely surpassed in these regards and then I fear ultimately supplanted.

We are in dire straights my friend.



[edit on 30/10/09 by ProtoplasmicTraveler]

Originally posted by SLAYER69
reply to post by prevenge

 

Nobody needs to learn Chinese.

If it plays out the way they want it to. China will be a major player in the background. China is an introverted state. The US would be the armed police wielding it's military power...

[You don't have to win wars, just have the ability to destroy non compliant countries]

and become the enforcer for the NWO.

[edit on 30-10-2009 by SLAYER69]

suit yourself yo's...

Does China "own" America?

Citigroup is turning to cash-rich foreign investors for a second time as it confronts mounting losses on mortgage-related investments. The China Development Bank, which is controlled by the Chinese government, is expected to invest at least $2 billion. If the deal goes through, it would be the second instance in less than two months of Citigroup’s being forced to turn to foreign investors to shore up its weakening finances. The investment underscores Citigroup’s precarious position and highlights the growing wealth of foreign investors, especially Chinese firms, that are buying up assets and taking stakes in numerous American companies.

source -redblueamerica.com...

background my a$$.

learning Mandarin would be a very wise investment in yourself in the not so distant future.

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Originally posted by prevenge

Does China "own" America?

Featured Topic | Posted 1 year 41 weeks ago

Well First off, Do you have anything a little bit older?

Second, This is about as much as many people
here at ATS know about US debt.

[atsimg]http://files.abovetopsecret.com/images/member/9aada34ec057.jpg[/atsimg]

I remember for YEARS everybody saying that Japan so owned the US
becuase they were at the time the largest investors.

[atsimg]http://files.abovetopsecret.com/images/member/614bfb34f9ee.jpg[/atsimg]

Who really owns most US debt?
Foreign Investment accounts for only 29% which
includes China, Japan and the rest of the world

[atsimg]http://files.abovetopsecret.com/images/member/f8db83721788.jpg[/atsimg]
Source

China and others are buying US debt because, despite everything, the US is seen as relatively safe investment in uncertain times. (China also likes US debt because it helps keep Chinese exports cheap.) Countries that are a bit riskier will have that reflected in a sovereign debt rating and will have to offer higher yields. But they will still have buyers at those higher yields -- either private institutions or governments that are still net creditors.

[atsimg]http://files.abovetopsecret.com/images/member/66382a9959e6.png[/atsimg]
Real Estate: China Bubble

Chinese real estate has been booming. Since 2000, year estate investments grew 200% in China. The Chinese Claymore/AlphaShares China Real Estate ETF (TAO), which tracks Chinese Real Estate went up more tan 70% since January 2009.

Now add to that:
1. The demographic nightmare that China will soon be facing.
2. The global financial crisis which continues and China which will see little choice but to loosen its monetary policy even further, slashing Chinese economical growth and result in massive unemployment, which will lead to social instability.

If there is one thing that Europa underestimates than it’s the impact of a bursting Chinese Real Estate bubble. The bubble has grown mainly on the residential side of the market, but with Beijing’s 4 trillion yuan or 586 billion USD stimulus package, the bubble also started growing on the commercial side in 2009. Remember that China pumped worth 12,9% of its GDP in stimulus packages in 2009. By way of comparison: Brazil invested less than 2% of its GDP in stimulus packages to support growth.

With 70 percent of real estate investment in China coming from bank loans, a dramatic drop in land values could send shock waves throughout the economy.

[edit on 30-10-2009 by SLAYER69]

reply to post by SLAYER69

Thanks, Slayer.

That puts things in perspective. While many countries invest in the US, it just so happens that China and Japan are most heavily invested.

China's experiencing things they never anticipated twenty years ago when a few American companies started building plants in China.

This relative inexperience is bound to cause problems as you so well pointed out, and their current form of government is in a bit over their heads.

The individual accumulation of wealth will enable those capitalists in China to demand, and receive, more and more say in their government.

As labor gradually becomes more difficult to find - and they're already having a few problems - the cost of labor goes up - and labor demands will likewise increase.

It appears that there's always a sweet spot - or cap - to sustainable growth due to the unique characteristics of labor means of production, capital, markets, and the always incresing growth of social classes of capitalists.

China may have already over invested in some arenas. They are buying up foreign gold as quickly as reasonable, and refuse to let any out of the country.

Which in itself is telling of their own self-confidence.

Originally posted by dooper
This relative inexperience is bound to cause problems as you so well pointed out, and their current form of government is in a bit over their heads.

The individual accumulation of wealth will enable those capitalists in China to demand, and receive, more and more say in their government.

If you haven't read this yet. I would highly recommend reading the entire article. It puts things further into perspective.


Dose of strong currency the cure for China 'on steroids'

The more immediate concern is asset bubbles and inflation, which China will regret in a few years. A stronger yuan would take tension out of China’s economy. The nation would no longer be standing in its own way.

Yuan convertibility is a bigger issue than officials let on.

At a time when China would love to find a replacement for the US dollar, its currency stance ensures the yuan won’t be it.

To internationalise its economy, China needs to encourage more overseas investment, reduce exports and promote sales of yuan-denominated debt by foreign companies. Instead, China wastes time devaluing its currency, adding to its imbalances and global ones. If it had any teeth at all, this would be an issue for the World Trade Organisation to tackle.

China is rightfully worried about fiscal irresponsibility in Washington damaging its vast dollar holdings. Yet a weaker dollar is exactly what the world needs. Nothing would help more than a rebound in the $14.2 trillion US economy. Also, strength is being able to borrow in your own currency—not owning a mountain of reserves.

If China won’t act out of regional fairness, it should out of its own national interests.

China’s stimulus and lending efforts are fuelling asset bubbles in stocks and real estate and creating the illusion of stable growth. Its largesse may bring on a bad-loan hangover.

Whatever soros wants/says, the response should be to do the exact opposite.

China a world leader? I assure any of you that China is in no position to "lead" the world. And trying to appease a nation like china will do nothing in return for the rest of the world.

reply to post by SLAYER69

Great post, tks! Good work, Slayer!
From your source:

The more immediate concern is asset bubbles and inflation, which China will regret in a few years. A stronger yuan would take tension out of China’s economy. The nation would no longer be standing in its own way. Yuan convertibility is a bigger issue than officials let on. At a time when China would love to find a replacement for the US dollar, its currency stance ensures the yuan won’t be it. To internationalise its economy, China needs to encourage more overseas investment, reduce exports and promote sales of yuan-denominated debt by foreign companies. Instead, China wastes time devaluing its currency, adding to its imbalances and global ones. If it had any teeth at all, this would be an issue for the World Trade Organisation to tackle. China is rightfully worried about fiscal irresponsibility in Washington damaging its vast dollar holdings. Yet a weaker dollar is exactly what the world needs. Nothing would help more than a rebound in the $14.2 trillion US economy. Also, strength is being able to borrow in your own currency—not owning a mountain of reserves.

I agree!

As I have stated several times on ATS, "China is Japan on steroids!"

China looks very strong today, but so did Japan in 1990! But China has a problem with the tough choices like floating the Yen or at least increasing its value!

reply to post by SLAYER69

As I have stated several times on ATS, "China is Japan on steroids!"

Aside from the high standard of living Japan enjoys...

reply to post by honkusbobo

Aside from the high standard of living Japan enjoys...

Well, good point...

One of the rarely stated but nevertheless very important fact about China is its polarized demographics. They have a huge interior agricultural population that is pretty well disgusted with its poverty and deprivation and a prosperous industrialized coastal area that is relatively highly productive with good wages and benefits. Whenever possible the interior people get to migrate to the coast as jobs become available but that is not often especially in bad economic times as we have now.

There are a lot of unhappy Chinese because of this lopsided, government dictated, highly controlled system!

How do you explain to the majority of the population that you must live in poverty while your brothers and sisters in the industrialized areas live like fat cat Westerners (as seen by the poor)?

The China government is doing an incredible balancing act!

reply to post by plumranch


Seems like it's headed for a French Revolution of sorts, doesn't it? And we all know how dangerous France was (Napoleon) after they got that business out of the way!

George Soros is an evil, evil, self-serving worm. I can't wait to dance on his grave.

reply to post by honkusbobo

Seems like it's headed for a French Revolution of sorts, doesn't it? And we all know how dangerous France was (Napoleon) after they got that business out of the way!

Well, it faces that threat but mostly it is just a huge challenge for the central committee to satisfy the widely ranging demands.

Napoleon was a conquerer on a more or less world scale but China is not. China has never (almost) been the aggressor. It was conquered once but never been a regional not to mention world scale aggressor as for instance Japan has. Just to put it into perspective! China may talk big but they don't have the historical record to follow up.

But good point!

reply to post by plumranch


They did conquer Viet Nam, eventually losing control of it, also they invaded Korea and expanded their sphere of influence there. Mongolia was once part of the Empire and they still have control over the formerly independent Tibet and also the Uighurs.

reply to post by honkusbobo

They did conquer Viet Nam, eventually losing control of it, also they invaded Korea and expanded their sphere of influence there. Mongolia was once part of the Empire and they still have control over the formerly independent Tibet and also the Uighurs.

Got me there! But I did say almost. Perhaps I should have said only regional, but...Tks for that addition!

Considering Chinas main claim to financial fame was selling cheap shoddy goods to the West, then I think them leading anyone in anything is a joke.
We have that many rules and regulations that we have to comply with regarding quality and safety in our goods, that China flagrantly flouted to amass it's wealth.

So, no. If they run the world the same way they do business, it'll all fall apart at the seams under their watch.

What kind of NWO leader is china if militarily and economically it's still playing second banana to the united states. If it is indeed going to be the leader of the NWO, some time in the future it'll be arranged so china will have the military and the economic power to be the number one.

And BTW, where do you think the wealthy elites mostly get their money from? From countries with socialist system or countries with capitalist system? You do know china is embracing capitalism, right? That's why it's beginning to awaken from its long sleep. But of course, there's still time to lullaby china back to sleep again.