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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (41459)	11/23/2010 4:23:36 PM
From: Honey_Bee	2 Recommendations Read Replies (1) \| Respond to of 103300

Buddy, I told you where to look if you wanted to know how destructive George Soros is to free enterprise and capitalism, but you keep expecting me to do your research for you. It's common knowledge that Soros is out to destroy global capitalism and bring down the financial system of the United States. Sadly, the FED is goose-stepping to his and other socialist's tune. Take a look at Greece, Portugal, France, Germany and England and now he's out to help Obama destroy the US: “Fed’s QE2 is in alignment with George Soros’s agenda to destroy global capitalism.” 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." economiccollapse.net .