Soros: End of U.S. Economic Dominance
Monday, October 13, 2008 12:10 PM NEWSMAX
WASHINGTON, Oct 12 — Billionaire investor George Soros predicted on Sunday that the financial crisis would mean the end of a U.S.-led market system that has dominated the global economy with debt and deregulation since the 1980s.
“Globalization, America as the center of the globalized financial markets, was sucking up the savings of the world,” Soros said in a CNN interview.
“This is now over. The game is out. It does mean a very serious adjustment for America,” added Soros, a staunch backer of the Democratic Party.
As world leaders rushed to help banks weather the crisis that has sent stocks into steep decline, Soros blamed the turmoil on the faith in market forces that began under President Ronald Reagan and British Prime Minister Margaret Thatcher a generation ago.
Soros has always hated the Bush family as well. Soros is a profound liberal, beyond the comprehension of most. He has always known that control over a country is achieved by control over its currency. (But so far, the American government is simply trying to own its own banking business, the banks in America.)
His criticism of the United States government is a ghastly disingenuous, hypocritical warp. He himself has used exactly the same methods to influence countries in eastern Europe, and in fact London–buying up currency. Buying money.
Money as a commodity, a product, an item of trade–this is where the action is. This is where the big poker game is. The big boys play there. It doesn’t matter where (or from whom) they got their big money. Once they get it, the only place to play for bigger stakes is in the “money” market.