Business

Soros Calls on Eurozone Legislatures to Form a Common Treasury

George Soros and an eclectic assortment of European businessmen, politicians, academics, and economists have taken it upon themselves to pen an open letter to legislatures of the eurozone countries. In the letter published by The Financial Times they write:

We, concerned Europeans, call upon the governments of the eurozone to agree in principle on the need for a legally binding agreement that would:

1) Establish a common treasury that can raise funds for the eurozone as a whole and ensure that member states adhere to fiscal discipline;

2) Reinforce common supervision, regulation and deposit insurance within the eurozone; and

3) Develop a strategy that will produce both economic convergence and growth because the debt problem cannot be solved without growth.

While a legally binding agreement is being negotiated and ratified, the governments of the eurozone must in the interim empower the European financial stability facility and the European Central Bank to co-operate in bringing the crisis under control [emphasis added].

These institutions could then guarantee and eventually recapitalise the banking system and enable countries in need to refinance their debt, within agreed limits, at practically no cost by issuing treasury bills that can be rediscounted at the ECB [European Central Bank].

The proposals made in the letter and the urgency it conveys underscore two well-documented facts about George Soros: his long-time support for the consolidation of authority and his belief that crises need to be utilized in order to make such things happen.

“Establish a common treasury . . .  and ensure that member states adhere to fiscal discipline” Soros and the 95 signers write. This is almost verbatim what Soros advocated in The Crisis of Global Capitalism when he wrote, “To stabilize and regulate a truly global economy, we need some global system of political decision-making.”

“In short, we need a global society to support our global economy,” Soros said. “The sovereignty of states must be subordinated to international law and international institutions.”

In other words, “reinforce” and “regulate” the member states under a centralized authority.

And that is precisely what this urgent call to eurozone legislatures is about.

This should not be news. It is a well-know fact that, for years, Soros has been pushing for the establishment of some sort of New World Order. The eurzozone crisis simply serves as a springboard to make it happen.

After all, it was Soros himself who astutely noted in a Time magazine interview that, “The worse a situation becomes, the less it takes to turn it around, the bigger the upside.”

Click here for the full list of signers.

Comments (51)

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  • mr.goodvibe
    Posted on October 16, 2011 at 7:51pm

    Velum to my new vorld oder!

    Report Post » mr.goodvibe  
    • PATTY HENRY
      Posted on October 16, 2011 at 10:49pm

      YO GEORGIE!!! ONLY 32 comments…see how interested VE ARE IN YOU? ISN’T is past time you exited stage Left? How old are you now? 86? I would love for you to have a year in a quiet place where you couldn’t hurt anyone else and just have to think of how you totally messed up your life.

      All the positive you could have done…you were nothing more than a pawn of Satan. Boy are you dumb…and evidently boring to most. Tah Tah GEORGIE BOY…you and your wasted life can move on now. Nothing to see.

      Report Post » PATTY HENRY  
    • staggerlee32
      Posted on October 16, 2011 at 11:32pm

      Soros is just getting started….. he is Evil with a capital E.

      Report Post » staggerlee32  
  • RightPolitically
    Posted on October 16, 2011 at 5:37pm

    Centralized governments always fail. So, why would such a smart financier like Soros want Europe to further entrench itself in more centralization. Two reasons really. First, Soros believes he’s going to live forever and become KING OF THE WORLD, that‘s if Obama isn’t available for the position and second, there’s money to be made by him on such stupidity.

    Report Post » RightPolitically  
  • mountainmover101
    Posted on October 16, 2011 at 1:34pm

    If you notice Mr. Soros is making money at breakneck speed during these tumultuous times, yet no one in the “media” seems to give a care. I have a friend that is a currency trader in Europe. He too is making money like gangbusters. He and Mr. Soros have something in common. They are both incredibly wealthy. The concept most average run-of-the-mill liberals, socialists, communists and progressives just don’t get, or possibly refuse to see, is that the super-rich are always super-rich. They never go away. They sometimes relocate like the industrialists in Europe did when Hitler and Stalin were coming to power. Wealthier families in India, China and Indo-Asia did the same thing when political unrest got out of control. Those that have the means are already buying auxiliary homes elsewhere in the world. Friends in Hollywood tell me that New Zealand, the Solomon and Cook Islands are favorites of the “In” Hollywood elites. One has to remember while people were starving in Russia under communism, Joseph Stalin was living like a Czar of old in the Kremlin. Likewise, while the Chinese people were starving under Mao’s communist regime, he lived like the Emperors, he purportedly despised, in opulence. So not everyone has to give up theirs in socialist societies, just some and the ones that get to keep theirs decide.

    Report Post »  
    • Fina Biscotti
      Posted on October 17, 2011 at 12:54am

      Yep, the TWO FLASH MARKET CRASHES – under the Obama Administration – was a criminal conspiracy to maraud companies – cause harm to people and their businesses – while Soros made substantial amounts of money – having insider trading information – on what was about to occur – that would later be blamed on a “fat finger”.

      But, TWO different occasions- w a fat finger?

      Report Post »  
  • Moozmom
    Posted on October 16, 2011 at 12:00pm

    And I’m calling on Soros to shut the heck up and take a vacation.

    Report Post »  
  • Randyp
    Posted on October 16, 2011 at 11:18am

    Does anyone remember the cartoon “Pinky and the Brain” Soros is the rat (the Brain) that is always plotting world domination. Unfortunately he has a bunch of useful idiots (Pinky) to help. it was a very funny cartoon, but is a very sad reality show

    Report Post »  
  • Randyp
    Posted on October 16, 2011 at 11:12am

    I guess I am not informed on this international monetary policy but isn’t this what the “Euro” was supposed to accomplish.

    Report Post »  
  • Lloyd Drako
    Posted on October 16, 2011 at 11:03am

    If Europe had a common treasury as well as a common currency and a central bank, you would be less likely to have Greeks suffering crushing austerity, Germans feeling put upon by Greek profligacy, and so on.

    Did no one else notice that it wasn’t only Soros, but apparently a number of business, political and academic figures who sent this missive?

    Or do you all simply jump up and down salivating at the word “Soros” like a pack of Pavlov’s dogs?

    Report Post » Lloyd Drako  
    • Fina Biscotti
      Posted on October 17, 2011 at 2:08am

      Soros is the ringleader – for sure.

      Report Post »  
    • BuggiOlleo
      Posted on October 17, 2011 at 11:22am

      Capital, my good man..By the way who is going to finance this Utopian jump to a Central European Bank..Internal Eurpeans Business would have to quadruple down on taxation to apy of its own debt…what Alien World is going to beam down, and Finance a collapsing economy. In case you didn’t realize it, the more money the EU just decidedly prints..The Global balance sheet is rewritten so Europeans can continue some weird entitled Western Way without prudence.
      This is irresponsible. Terrible people are having a field day in the Western World..We have all been here before; Is this the Global Government Bubble? Speculators are pushing for Global Recession to push the World into a Global melting pot and unify..the real problem is that Government is a malfunctioning parable that cannot survive without the innovation from the private sector, and every Government in the World today must play its part– or it will by FORCE…The Financial Bubble seems just about ready to pop. The dabblers, strategists, and speculators are wide open..All I can say is Thank God for INFORMATION or True Occupation may have already started..We are not pawns of some pathetic attempt to create a martyr or a scapegoat..
      Smells a lot like WWII don’t it..Germany, again, somehow isolated as if she was some terrible parent; having to explain and set dates of possible catastrophe if Europe does not become responsible?! WTF!! I can say no more…Yes, the World is watching!!!!

      Report Post » BuggiOlleo  
  • IMCHRISTIAN
    Posted on October 15, 2011 at 9:09pm

    “Life is short and eternity is forever”

    Report Post »  
  • Horntoad
    Posted on October 15, 2011 at 8:16pm

    Gee, As an american citizen, one would think that George would not be signing a letter posing as a european.

    Report Post »  
    • Lloyd Drako
      Posted on October 16, 2011 at 11:04am

      I suppose he thinks of himself as a citizen of the world, nol?

      Report Post » Lloyd Drako  
  • Mr Sanders
    Posted on October 15, 2011 at 7:36pm

    You, Georgie, use Capitalism, and all its tools, each time, you do a deal to make money?! Interesting contradiction of terms isn’t it, Georgie?

    The Lord says to “..love our enemies” – its a hard thing to do. We can only hope he gets saved OR ousted from Earth quickly.

    I would put you, Georgie, in a class of Geo-Terrorist, a De-Constructionsist, Anti-Civalist, and Anti-Matter to all that is good.

    I hate to say it Georgie – little olde man from Pasadena you ain’t.

    Report Post » Mr Sanders  
  • major11
    Posted on October 15, 2011 at 7:21pm

    Why should anyone listen to this crook? Because he’s worth over a billion dollars. I don’t think so. INTERPOL needs to investigate this guy and get him out of the mix. He’s just trying to manipulate the system to achieve his own ends. Anyone who believes otherwise, is not thinking clearly. By the way, I didn’t even read the article. It’s unnecessary. Watch him like a hawk, but don’t give him a thing to advance his cause.

    Report Post »  
    • ladyda
      Posted on October 15, 2011 at 9:10pm

      It’s all a game to this guy…..a game piece on a huge chess board….he wants so bad to pull it off. He’s old, I hope he never lives long enough to see his dream come true.

      Report Post » ladyda  
  • DETROIT JOHN
    Posted on October 15, 2011 at 7:00pm

    Soros needs to take a “DIRT NAP”

    Report Post »  
  • qzak491
    Posted on October 15, 2011 at 6:45pm

    Wonder who you would have to talk to to get the Mossad to get rid of soros. He may be more of a threat than the Iranians. If you want to see a real fight, tell the drug cartels in Mexico the politicians behind the Occupy Wall Street are going to legalize drugs so the protesters can get high legally. You could sell tickets to that slaghter. THINK ABOUT THAT ONE A MINUTE

    Report Post »  
  • snowcloud
    Posted on October 15, 2011 at 4:35pm

    Why is this man not room temperature yet?

    Report Post »  
    • mtblaw1776
      Posted on October 15, 2011 at 5:17pm

      Seriously, Why is that?
      He is an enemy of the United States of America.

      Report Post »  
  • tootsie roll
    Posted on October 15, 2011 at 2:56pm

    Europe beware beware!! REMEMBER HE COLLASPED THE BRITISH POUND IN THE 90′S

    Report Post »  
  • georgeisn6
    Posted on October 15, 2011 at 12:29pm

    “O”whatabummers” puppet master has spoken, and left the president dangleing.

    Report Post »  
  • lukerw
    Posted on October 15, 2011 at 12:21pm

    Mr OpenSociety/OneWorldGovernment is pushing steps toward his Goal. Just, how does his Wealth allow him to achieve such Power?

    Report Post » lukerw  
  • swimmer1940
    Posted on October 15, 2011 at 11:20am

    Yup! Then he can launch a raid on it as he has done with so many other treasuries of other countries.

    Report Post »  
    • knockered
      Posted on October 15, 2011 at 12:14pm

      Be careful because this is what he wants, a world currency. I would not be surprised if somehow he is brhind all the financial problems in europe.. As Glenn said many times watch the other hand.

      Report Post »  
    • sgtstubbs
      Posted on October 15, 2011 at 3:03pm

      He just wants all the wealth in one place for his raid.

      Report Post » sgtstubbs  
  • SamIamTwo
    Posted on October 15, 2011 at 10:37am

    Is he still holding onto that massive stash of Gold? Many nations are buying gold…

    He only says these things to increase his holdings in whatever he invests in…tells the littles to sell gold and he hangs onto the majority of his. Sort of like the SEC should look into that, eh?

    Report Post » SamIamTwo  
  • Kingscairn
    Posted on October 15, 2011 at 9:32am

    Soros, what the h#ll, he’s still alive ?
    Somebody out there’s not doing his job !

    Report Post » Kingscairn  
  • LadyLibertykicksASS
    Posted on October 15, 2011 at 9:04am

    Georgie just wants to help us get organized, so the N W O will be easier to incorporate!!! He’s soooo thoughtful!!! Someone needs to Take him Out for dinner and a nice celebration.. .

    Report Post »  
  • war7412
    Posted on October 15, 2011 at 7:21am

    Like Glenn Beck said TOP DOWN BOTTOM UP INSIDE OUT. we are there.

    Report Post »  
  • Moozmom
    Posted on October 15, 2011 at 6:46am

    Dear Mr. Soros: You are excused for the next decade from business of any type. Please take an extended vacation and leave economic plans of the planet to others. Thank you Sue Tipping

    Report Post »  
  • ColoradoMaverick
    Posted on October 15, 2011 at 5:33am

    Whatever the evil Soros is for, the rest of the world must be against. This man is responsible for the collapse of entire monetary systems and needs to be stopped.

    Report Post » ColoradoMaverick  
  • Latter-Day-Soldier
    Posted on October 15, 2011 at 4:35am

    With the direction the world is heading, it shouldn’t be to long before someone calls for a one world currency and government.

    Report Post » Latter-Day-Soldier  
    • winolet
      Posted on October 15, 2011 at 11:15am

      New World Order – here we come! Was wondering when this would happen. Disgusting. I agree, Latter day Soldier; common currency and government are in the plan.

      Report Post »  
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