Glenn Beck on the Puppet Masters 11/8/10

Part 1 - 3

http://www.theblaze.com/stories/is-soros-betting-on-u-s-financial-collapse/

IS SOROS BETTING ON U.S. FINANCIAL COLLAPSE?
As the Federal Reserve undertakes its second round of quantitative easing, buying up $600 billion of government debt, the line of detractors is getting longer. New to the queue is Zubi Diamond, a U.S. financial author who says that the plan plays right into the hands of George Soros.

“This is the type of stuff we accused the communist and socialist governments of doing—interfering in free markets through currency manipulation,” declared Zubi Diamond, author of The Wizards of Wall Street, to the Canadian Free Press. “What the Fed is doing is not good for free market capitalism and it is not good for America.”

This round of quantitative easing, he predicted, “will devalue the dollar and lead to higher commodity prices, asset and price inflation. It may even lead to the end of the U.S. dollar as the world reserve currency.”

That, he added, plays right into the hands of billionaire, liberal financier George Soros:

“What is most troubling to me about this,” Diamond added, “is that the Fed’s QE2 is in alignment with George Soros’s agenda to destroy global capitalism.” The decline of the dollar “is what George Soros wants and what he has proposed in the past,” he noted.
Soros, the billionaire hedge fund operator who finances various leftist and Marxist groups, including Media Matters, has made his fortune by betting on the collapse of national economies and currencies. He was convicted of insider trading in France.

http://canadafreepress.com/index.php/article/29682

Media Matters recently received $1 million from Soros so that it could try to mute the effectiveness of conservative media organizations and personalities, some of them critical of Soros

Soros Bets on U.S. Financial Collapse

By Cliff Kincaid Monday, November 8, 2010
Another financial expert is expressing his deep disgust with the Federal Reserve’s decision to print more money and buy more U.S. debt, saying it is a sign that the U.S. capitalist system is moving closer to collapse.



“This is the type of stuff we accused the communist and socialist governments of doing—interfering in free markets through currency manipulation,” declared Zubi Diamond, author of The Wizards of Wall Street. “What the Fed is doing is not good for free market capitalism and it is not good for America.”

In an interview with Accuracy in Media, Diamond went on to say, “The Fed is following the economic models of Third World countries by printing more money and devaluing their currencies. If you keep doing what Third World economies do, eventually you will become a Third World economy.”

The Fed’s new action, labeled “quantitative easing” or QE2, follows a first attempt at “QE,” known as QE1. QE means that the Federal Reserve is printing more money and buying more government debt. In total, according to Investor’s Business Daily, “the Fed will have created $2.5 trillion out of the blue.”

Diamond said the result of the Fed’s policy will be to “increase the debt, devalue our currency and create a bigger problem that won’t solve the crisis.” Eventually, America could “collapse under its own weight of massive debt,” he warned.

The QE2 “will devalue the dollar and lead to higher commodity prices, asset and price inflation. It may even lead to the end of the U.S. dollar as the world reserve currency,” Diamond predicted. He noted that Obama Treasury Secretary Timothy Geithner floated the idea of the dollar losing its status as the world’s reserve currency, “only to backpedal from it when it raised some eyebrows.”

“What is most troubling to me about this,” Diamond added, “is that the Fed’s QE2 is in alignment with George Soros’s agenda to destroy global capitalism.” The decline of the dollar “is what George Soros wants and what he has proposed in the past,” he noted.

Soros, the billionaire hedge fund operator who finances various leftist and Marxist groups, including Media Matters, has made his fortune by betting on the collapse of national economies and currencies. He was convicted of insider trading in France.

Media Matters recently received $1 million from Soros so that it could try to mute the effectiveness of conservative media organizations and personalities, some of them critical of Soros.

In recent Fox News programs, Glenn Beck has been focusing on the decline of the dollar and how Soros has proclaimed that “an orderly decline of the dollar is actually desirable.” Programs like these have made Beck into a top target of Media Matters.

AIM has been warning for years about the intentions of Soros, noting in a 2004 report that he “specializes in weakening or collapsing the currencies of entire nations for his own selfish interests.”

We noted, “Despite his vision of an ‘open society,’ he operates an unregulated ‘hedge fund,’ open only to the super-rich.” His Soros Fund Management is a member of the “founder’s council” of the Managed Funds Association (MFA).

Diamond said that as Soros is betting on a U.S. financial collapse, his net worth and the amount of money under the management of his hedge fund have ballooned. The money that Fed chairman Ben Bernanke is putting into the economy, Diamond said, is designed to “replace the stolen money from American families and the capitalist corporations” under the cover of the financial crisis.

The collapse of capitalism will be “a big pay day for George Soros and members of the Managed Funds Association,” he said. “They are betting against the dollar and moving assets to gold and to the emerging economies. They are betting against U.S. survival as a capitalist nation.”

Referring to the members of the MFA who are betting against the U.S., Diamond asked: “Have you heard them say they want to restore capitalism? No. But you will hear them talk about the ‘new normal’—meaning that we are not going back to capitalism. And this is by design.”

Diamond’s criticism follows the shocking statements of Charles Ortel, managing director of Newport Value Partners, who told AIM that the Federal Reserve plan to buy $600 billion of U.S. Government securities “borders on the criminal” because the impact will be the devaluation of the dollar by 20 percent and the destruction of $10 trillion of household net worth.

Ortel told AIM that the Obama Administration’s “war on capitalism” has become a “war on wealth” under the direction of Fed chairman Ben S. Bernanke.

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http://canadafreepress.com/index.php/article/29682