“The dollar no longer enjoys the trust and confidence that it once did… The US ought not to shy away from wider use of IMF Special Drawing Rights. Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage.”
The issuance of SDR’s among the world economies would place all currencies on a level playing field, whose value would be determined by the international SDR.
Soros also calls for the United Nations and its Security Council, currently led by President Barack Obama, in direct violation of the U.S, Constitution, to serve as the overseeing enforcement body for this new financial system,
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council. That process needs to be initiated by the US, but China and other developing countries ought to participate as equals…The system cannot survive in its present form, and the US has more to lose by not being in the forefront of reforming it.”
In the most troubling part of this his article, Soros calls public outcry over the declining economy and outrage against globalism, “populist demagogy” and eludes to a new U.S. led war overseas stating, “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…If Obama fails, the next administration will be sorely tempted to create some diversion from troubles at home – at great peril to the world.”
Read Soros’ article here:
http://www.project-syndicate.org/commentary/soros52
C. Marlon Richardson
sursa: infowars.com