Subject: Thesis-antithesis: Soros provides NWO synthesis
From: [EMAIL PROTECTED] (Alan Williams)
Date: Wed, Dec 31, 1997 02:10 EST
Message-id: <MPG.f141c63ef981d5989681@news>
A Reuters report today (31) says George Soros writes in the London
Financial Times that the Asian banking crisis threatens "to engulf not
only international credit but also international trade".
"The international financial system is suffering a systematic
breakdown, but we are unwilling to acknowledge it," Soros said.
"We are on the verge of worldwide deflation," (read global
depression)
The trigger according to Soros was the floating of the South-
east Asian currencies which "touched off an unravelling process that has
exceeded everyone's worst fears, including my own." (He speculated
against the currencies, hitting the Asians where it hurts, and then shows
puzzlement when they fall to the floor writhing in agony)
Soros is proposing an International Credit Insurance Corporation as a
sister institution to the International Monetary Fund to guarantee
international loans for a modest fee.
"Borrowing countries would be obliged to provide data on all borrowings,
public or private."
He acknowledges that his scheme is likely to meet with resistance:
"To argue that financial markets in general, and international
lending in particular, need to be regulated is likely to outrage the
financial community; yet the evidence for just that is overwhelming,"
Soros said.
