REAL WORLD EVENT DISCUSSIONS

Globalist Elite gather in Davos to decide fate of US Dollar

POSTED BY: PARTICIPANT
UPDATED: Monday, April 6, 2020 22:14
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Wednesday, January 28, 2009 2:28 AM

PARTICIPANT


World's elitists gather as Davos opens



Quote:

Political leaders and central bankers will dominate this week’s annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate change.

More than 40 heads of state and government — almost double the number last year — will be joined by 36 finance ministers and central bankers, including the central bank chiefs of all the G8 group of rich countries except the United States.

About 1,400 business executives will also be in Davos but fewer top bankers and captains of industry are expected as they struggle to keep their businesses afloat — and themselves in a job, mindful of the event’s glitzy image in more austere times.

Former U.N. Secretary-General Kofi Annan, one of the meeting’s co-chairs, said the world needed both politicians and business leaders to cooperate to find solutions.

“They need to work together. But I think the pendulum is swinging toward an increasing role of governments,” Annan told Reuters in an interview in Geneva.

Russian Prime Minister Vladimir Putin will open the four-day meeting on Wednesday in the Swiss Alpine resort that is being organized under the title “Shaping the Post-Crisis world.”

Also present will be Chinese Premier Wen Jiabao, German Chancellor Angela Merkel, Japanese Prime Minister Taro Aso and British Prime Minister Gordon Brown as well as Valerie Jarrett, a senior adviser to new U.S. President Barack Obama.

It is the first time world leaders will get together to discuss the deepening crisis since a meeting of the G20 group of big and emerging countries in Washington in November. The G20 meets again in April ahead of a G8 summit in July.

The World Economic Forum was set up in 1971 as a business and academic think tank whose motto is “entrepreneurship in the global public interest.” Its annual Davos meeting has grown into a huge event that has become a focus of anti-capitalist anger.

The Financial Times newspaper predicted this year’s meeting would be characterized by “sobriety and self-recrimination” with fewer lavish cocktail parties and corporate skiing jaunts.

Instead, participants are invited to an event that simulates life in a refugee camp and asks them to navigate a mine field, while non-profit groups will hand out awards “for outstanding achievements in social and environmental irresponsibility.”

GLOBAL RISKS ON AGENDA

A WEF report ahead of the meeting said the main risks facing the world included deteriorating government finances, a slowing Chinese economy and threats to food and health from climate change, along with a lack of global coordination to tackle them.

Worries about protectionism as a response to the downturn are also growing. Around 20 trade ministers meet on Saturday in Davos to discuss long-running Doha trade round talks after a G20 call for a deal by the end of 2008 fell on deaf ears.

“We have not yet seen the same protectionism in trade with beggar thy neighbor policies of the ’30s. And I will fight hard to ensure we do not,” Britain’s Brown, who will chair the April G20 summit, said in London on Monday.

“But we also need to ensure we do not exercise a new form of financial mercantilism of retreat into domestic lending and domestic financial markets,” he said.

While the focus will clearly be on the world economy, security challenges like ongoing tensions the Middle East will also be on the agenda, as will climate change, with about 30 energy and environment ministers in attendance.

Annan said leaders at Davos needed to make sure economic woes do not eclipse challenges like climate change and poverty.

“I don’t think it is beyond human ingenuity to find an approach that tackles these issues across the board,” he said. “We need to get across a message to the people that those in a position of authority do care,” he said.

While this year’s meeting illustrates a shift in the balance of power toward governments, political leaders in Davos are likely to get a reminder that the crisis also threatens their own positions after recent civil unrest in several countries.

While activists have been kept away from Davos itself after a demonstration turned violent in 2000, protestors have warned of trouble in Geneva after an anti-capitalist march planned for Saturday to coincide with Davos was banned.

“The WEF is a symbol of the neoliberal policies of the last 20 years that have caused this crisis. We have no confidence that the same people who caused the crisis can solve it,” said Laurent Tettamenti, an organiser of the Geneva protest.



http://www.rutilusallec.com/?p=1773

Davos for the next few days is more protected than Fort Knox

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Wednesday, January 28, 2009 4:16 AM

DREAMTROVE


Davos is always more protected than Fort Knox, and for good reason, because the former, unlike the latter, actually has gold. And lots of it.

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Thursday, January 29, 2009 5:05 AM

JAYNEZTOWN



George Soros has been shorting sterling during its recent slide
http://www.telegraph.co.uk/finance/financetopics/davos/4371893/George-
Soros-has-been-shorting-sterling-during-its-recent-slide.html

George Soros, the man renowned for "breaking" the Bank of England by selling the pound in 1992, has admitted he has been shorting sterling in recent months.

Mr Soros said he foresaw the recent plunge in sterling, which has seen the currency undergo its worst devaluation since the end of the gold standard in 1931. However he said he has closed most of his sterling positions, in a sign that he no longer expects it to fall much further.

Asked by The Daily Telegraph whether he agreed with his erstwhile investor colleague Jim Rogers that the pound was heading further down in the coming months, he said: "I did foresee the fall in sterling this year.

"I did actually have a short position in sterling and it was one of the trades I carried out. But sterling did fall from around $ 2 to about $1.40 and at that level the risk-reward balance is no longer compelling. I'm not saying won't fall any more though - it will continue to fluctuate"

Mr Soros also suggested that the IMF should use its own international currency - special drawing rights - to pump more cash into the global economy. It would be analogous to printing money - quantitative easing - on a global scale.

Speaking at the World Economic Forum in Davos, Mr Soros also said he would be happy to start investing in the financial sector again provided governments created "good" and "bad" banks by isolating their bad assets.

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Thursday, January 29, 2009 5:42 AM

PIRATECAT


Particpant, did you ever think that they might be just getting together to watch the Superbowl. The whole world banking gather might be a scam to get away from the ole ladies. Eat some wings in Davos (I heard there good there) play alittle golf. After the game hit a topless bar. You know what I'm sayin. That's what I'd do.

"Battle of Serenity, Mal. Besides Zoe here, how many-" "I'm talkin at you! How many men in your platoon came out of their alive".

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Thursday, January 29, 2009 1:52 PM

OUT2THEBLACK


Quote:

Originally posted by JaynezTown:

...George Soros, the man renowned for "breaking" the Bank of England by selling the pound in 1992, has admitted he has been shorting sterling in recent months.

Mr Soros also suggested that the IMF should use its own international currency - special drawing rights - to pump more cash into the global economy. It would be analogous to printing money - quantitative easing - on a global scale.




Yep , that'll help a lot...Give the IMF Banksters full and final control of the World economy...

Then , they can make ALL the Rules...Soros should be feeling quite confident since arranging the install of his shill Obama , as US pResident...

Meanwhile , they work on 'dumbing down' the message , because it's unfit for consumption by the 'consumer' :



'...One senior Brown ally told The Independent: "He needs to use simpler language to explain the measures we are taking. He keeps repeating phrases like 'global recession', but that is too much jargon. He needs to say, 'We're facing problems. The whole world is facing problems. But we're helping to sort it out.'The average man is not going to understand our message if it contains too much economics."

Opposition parties seized on the double blow to Mr Brown's efforts to reassure his MPs. George Osborne, the shadow Chancellor, said: "Gordon Brown cannot answer the simplest question of all: if Britain is well prepared as he claims, why are we facing the worst recession in the world?"

Vince Cable, the Liberal Democrats' Treasury spokesman, claimed the IMF report exposed Mr Brown's "lie" that Britain is well placed to deal with the recession, because it faces a bigger slowdown than Europe and the US. "The Prime Minister likes to pretend Britain is simply the victim of a global crisis, but many of the UK's problems are clearly home grown," he said.

Alistair Darling, the Chancellor, warned of a grim start to 2009, forecasting "a lot of downsides" in the period ahead. In an interview with the New Statesman published today he insisted: "We will get through it."

Stephen Timms, the Treasury minister, conceded the Government would need to revise forecasts for the public finances this spring. "Things are changing and we will need to update them when we get to the Budget," he said.

Today, Mr Brown will try to paint an upbeat picture of a post-recession Britain as Lord Carter, the Communications minister, outlines plans to make high-speed broadband available to all. In a speech in London, the Prime Minister will say the digital economy is currently worth £50bn a year in Britain alone and will grow rapidly in the future. "Even at this difficult time for the economy, we will not turn our backs on the future, we will build bridges to the future. From the digital economy to fuel-efficient cars, from pharmaceuticals to renewables, Britain must invest in the industries of the future even as we fight our way out of what the IMF has described as a 'global economic slump'."

The IMF's downbeat view found ready agreement among the elite financiers and economic thinkers gathered at the World Economic Forum in Davos, Switzerland. George Soros, who "broke the Bank of England" in the ERM crisis of 1992, said the size of the problem facing the world's financial system is "significantly larger than in the 1930s".

Nouriel Roubini, professor of economics at New York University, added: "There is nowhere to hide... We have for the first time in decades a global synchronised recession. This is not your traditional minor recession."

The IMF says tax cuts and public spending and borrowing boosts all over the world will be useless unless the financial system is rebooted.'

http://www.independent.co.uk/news/uk/politics/economic-outlook-just-ge
ts-worse-and-worse-1519067.html


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Thursday, January 29, 2009 2:22 PM

WHOZIT


Quote:

Originally posted by JaynezTown:

George Soros has been shorting sterling during its recent slide
http://www.telegraph.co.uk/finance/financetopics/davos/4371893/George-
Soros-has-been-shorting-sterling-during-its-recent-slide.html

George Soros, the man renowned for "breaking" the Bank of England by selling the pound in 1992, has admitted he has been shorting sterling in recent months.

Mr Soros said he foresaw the recent plunge in sterling, which has seen the currency undergo its worst devaluation since the end of the gold standard in 1931. However he said he has closed most of his sterling positions, in a sign that he no longer expects it to fall much further.

Asked by The Daily Telegraph whether he agreed with his erstwhile investor colleague Jim Rogers that the pound was heading further down in the coming months, he said: "I did foresee the fall in sterling this year.

"I did actually have a short position in sterling and it was one of the trades I carried out. But sterling did fall from around $ 2 to about $1.40 and at that level the risk-reward balance is no longer compelling. I'm not saying won't fall any more though - it will continue to fluctuate"

Mr Soros also suggested that the IMF should use its own international currency - special drawing rights - to pump more cash into the global economy. It would be analogous to printing money - quantitative easing - on a global scale.

Speaking at the World Economic Forum in Davos, Mr Soros also said he would be happy to start investing in the financial sector again provided governments created "good" and "bad" banks by isolating their bad assets.

If Soros sold the Democrat party, how much would he get for it?

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Saturday, February 7, 2009 7:53 AM

JAYNEZTOWN


Joe Biden Dem. Meeting "Take My Money And Reward SOBs"


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Monday, April 6, 2020 7:14 PM

JAYNEZTOWN


James Woods on Twitter: "I buy stock because I believe in America. The “experts” driving the Doom Train also predicted a 90% victory by Hillary Clinton. Their hatred of Trump is so deranged, it’s impossible to trust their judgment. Anyway I’m buying American companies. If I’m wrong, I’ll pay the price."

https://twitter.com/realjameswoods/status/1247220571164643328?s=21

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Monday, April 6, 2020 10:14 PM

6IXSTRINGJACK

[/i]


At least James remembers the 90% thing.

Ask any of the goofballs here if that was true and they'll tell you that they have no memory of it.

If they admitted that they did, they would have to face the fact that Uncle Joey's chances are a far cry from 90% going into this, and what that means.

Do Right, Be Right. :)

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