Tuesday, March 29, 2011 – by The DailyBell.com
Two years ago, George Soros (left) said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start – and no one seems to have noticed. On April 8, a group he’s funded with $50 million is holding a major economic conference and Soros’s goal for such an event is to “establish new international rules” and “reform the currency system.” It’s all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for “a grand bargain that rearranges the entire financial order.” – Media Research Center/Wall Street Journal
Dominant Social Theme: Soros, up to his old tricks. This leftist billionaire should just go home.
Free-Market Analysis: We’d realized last week (tipped off by a considerate feedbacker) just what George Soros was up to; but before we had a chance to write about it the Wall Street Journal blew the story open last night by picking up a Media Research Center article by Dan Gainor entitled “Unreported Soros Event Aims to Remake Entire Global Economy.” We can safely say that Soros’ planned new Bretton Woods Conference to build a new world currency, starting April 8, is unreported no more.
HOW it is reported however is a bit odd in our view. The article (excerpted above) is written with a conservative slant that makes it seem as if what George Soros has in mind is somehow a leftist attack on the American dollar. Nothing could be further from the truth but this is in fact the way that free-market reporting is increasingly offered in mainstream media. It is a kind of dominant social theme: “These socialists are undermining American values and traditions and must be stopped.” Here’s more on the Media Research Center itself from the Center’s own website:
The mission of the Media Research Center, “America’s Media Watchdog,” is to bring balance to the news media. Leaders of America’s conservative movement have long believed that within the national news media a strident liberal bias existed that influenced the public’s understanding of critical issues. On October 1, 1987, a group of young determined conservatives set out to not only prove — through sound scientific research — that liberal bias in the media does exist and undermines traditional American values, but also to neutralize its impact on the American political scene. What they launched that fall is the now acclaimed — Media Research Center (MRC).
The problem with reporting on Soros from a left-wing angle is that Soros is not really “left wing” at all. He’s an internationalist banker who wishes to create a one-world government (and currency). This sentiment is shared by other internationalist bankers that some might characterize as “right wing” or even “free-market oriented.” It has little to do with “empowering workers” or creating socialist communitarianism.
The labels don’t really matter. Soros may have a more statist and activist approach than some other billionaires, but this is a matter of degree not principle. So we would argue such labels like “leftist” distort what is really occurring and confuse people about how globalist plans are being implemented, and why. It’s useful to analyze the article to see how this bias works.
The article begins by quoting literature explaining that Soros is bringing together “more than 200 academic, business and government policy thought leaders’ to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund.” Soros, the article claims, “wants a new ‘multilateral system,’ or an economic system where America isn’t so dominant.” The article also points out that Soros has been at this for a while, and that a 2009 editorial advocated “a new Bretton Woods conference, like the one that established the post-WWII international financial architecture.” Speakers include:
• Paul Volcker [who] is chairman of President Obama’s Economic Advisory Board. He wrote the forward for Soros’s best-known book, ‘The Alchemy of Finance’ and praised Soros as “an enormously successful speculator” who wrote “with insight and passion” about the problems of globalization.