It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
In a shocking Op-Ed piece published Thursday on project-syndicate.org, globalist financier George Soros calls for a “New World Architecture”. In his essay, he states how international capitalism, led by the United States has “broken down” and how “A new multilateral system based on sounder principals must be invented” through the use of the IMF (International Monetary Fund). Soros goes on to recommend SDR’s (Special Drawing Rights), created by the IMF, as a replacement for the declining US Dollar...
In fact, democracy is in deep trouble in America. The financial crisis has inflicted hardship on a population that does not like to face harsh reality. President Barack Obama has deployed the “confidence multiplier” and claims to have contained the recession. But if there is a “double dip” recession, Americans will become susceptible to all kinds of fear mongering and populist demagogy. If Obama fails, the next administration will be sorely tempted to create some diversion from troubles at home – at great peril to the world.
What is lacking, however, is a general recognition that the system is broken and needs to be reinvented. After all, the financial system did not collapse altogether, and the Obama administration made a conscious decision to revive banks with hidden subsidies rather than to recapitalize them on a compulsory basis. Those institutions that survived will hold a stronger market position than ever, and they will resist a systematic overhaul. Obama is preoccupied by many pressing problems, and reinventing the international financial system is unlikely to receive his full attention.