FUNDING OF BRETTON WOODS II BY GEORGE SOROS EXPOSED
Billionaire George Soros and many stars of the Anglo-American universe will meet in New Hampshire for Bretton Woods II, April 8-11, 2011. The meeting will include Paul Volcker, former head of the Federal Reserve System; Jeffrey Sachs, Director of The Earth Institute; Joseph Stiglitz, holder of the Nobel Prize in Economics; and Rob Johnson, INET Executive Director.
While international cooperation on regulatory reform is difficult to achieve on a piecemeal basis, it may be attainable in a grand bargain that rearranges the entire financial order.
A new Bretton Woods conference, like the one that established the international financial architecture after World War II, is needed to establish new international rules…reconstitute the International Monetary Fund (IMF)…[and] to reform the currency system…”
“Claiming that the international monetary system “cannot survive in its present form,” Soros argues that it could and should be revamped so that American leadership would be “re-established…in a more acceptable form. ”
“In the formal announcement of the meeting, sponsored and funded to the tune of some $50 million by Soros’ Institute for New Economic Thinking (INET), the stated purpose of bringing together “more than 200 academic, business and government policy leaders” is to move beyond the original Bretton Woods conference agreements in 1944 which established the IMF, the World Bank, and the United Nations and to “engage the larger European Union, as well as the emerging economies of Eastern Europe, Latin America, and Asia. ”
To read full article by Bob Adelmann, click here.