Fascist Soros Demands 'Global Rebalancing' on Keynes' Model

March 27, 2009 (LPAC )— "I've been pushing the idea of SDRs [IMF Special Drawing Rights—ed.] on a very large scale, for the G-20 and beyond. SDRs are effectively an international creation of money," said global British agent George Soros at a New America Foundation conference in Washington today. Soros closed the conference by praising the leading British opponent of President Franklin Roosevelt, John Maynard Keynes. Financial Times correspondent Martin Wolf had opened the conference in the same way, and Keynes, Wolf, a global currency, and Soros were praised almost throughout by a dozen economists.

Most direct was Clyde Prestowitz, former counsel for the Commerce Department under Ronald Reagan, who promoted "what Keynes proposed at Bretton Woods.... Tax the chronic surplus countries with tariffs," and SDRs. Challenged from the floor by EIR on the battles between FDR and his enemy Keynes, Prestowitz responded, "Yes, FDR won and Keynes lost, and that gave us what we have today[!]," continuing to push the lies for the City of London.

Despite the exception of a few economists present and of conference funder and former Loral Corp. CEO Bernard Schwartz, the Wolf/Soros/British dominated conference pivoted entirely on calls for "global rebalancing" and income transfers among nations, in Keynesian schemes, while treating the ongoing bank bail-out in the United States as a secondary matter, and a fait accompli. Soros, Wolf, and Prestowitz all "absolutely" endorsed a new global reserve currency, and hoped the recent Bank of China publication would "lead the United States to support this." Another speaker endorsed Joseph Stiglitz' March 24 call for power to an "economic council of the UN."

No question why Lyndon LaRouche has recently said the London G-20 meeting April 2 could accomplish nothing, with British Prime Minister Gordon Brown and British agents like Soros frantically pushing "the return to Keynes" all over the globe in the run-up to it.