This story hit Glenn Beck this morning on his radio and on his blog. We have different details. First is part of the Blaze post. There is a link also to the Economic Policy Journal which has great info. Update from Bretton Woods conference in progress now Here
On April 8, dozens of “academic, business and government policy thought leaders” are scheduled to gather for a forum reminiscent of the 1944 Bretton Woods gathering that helped launch the World Bank and International Monetary Fund following World War II.
The George Soros-founded Institute for New Economic Thinking will hold its annual conference April 8-11, 2011 at the Mount Washington Hotel in Bretton Woods, N.H. According to the group’s website, the event will bring together economic figures such as Soros, former British Prime Minister Gordon Brown and former Fed Chairman Paul Volcker to discuss a new, globalized vision of economics in the post-war world. The Blaze
Here is part of our earlier post: George Soros Plans New Bretton Woods Conference click on the link for my full story.
Here is a link to George’s own words. Please read it. here. A New World Architecture written in 2009 will let you know what we are in for and his plan for this very conference this Spring. Included is a “One Currency” He is an honest man.
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council. That process needs to be initiated by the US, but China and other developing countries ought to participate as equals. They are reluctant members of the Bretton Woods institutions, which are dominated by countries that are no longer dominant. The rising powers must be present at the creation of this new system in order to ensure that they will be active supporters”.
For a list of the attendees: Logistics Monster: (WordPress is having linky issues at times)
You may experience the same cold shivers I experienced when you check out the advisory board for this particular think-tank including but not limited to a faculty member of the New School for Social Research (remember those folks promoting seizure of your 401(k)?), and one of our favs, Drummond Pike, founder of the Tides Foundation.
The core problem of the world monetary system after World War II was essentially that the gold standard had broken down, or rather, government had destroyed what remained of the old-fashioned gold standard through relentless inflation, debt, and devaluation. Economists in the Keynesian tradition had encouraged this, viewing money creation as some sort of panacea for all that ailed the world economy.
Keynes, the maestro of the Bretton Woods Conference, had recommended this and celebrated the results. To him, a flexible and standardless currency was the key to macroeconomic manipulation of his beloved aggregates. In a perverse way, he was right about this. A government on the gold standard is seriously constrained. It can’t take a sledgehammer to aggregate supply and aggregate demand. It can’t spend beyond its means. It must pay for the programs it creates through taxation, which means having to curb the appetite for welfare and warfare. There can be no such thing as a Keynesian state on the gold standard, any more then a cocaine addict or compulsive gambler can be on a strict budget.
As was the fashion, world elites assembled to plan some gigantic coordinated solution. They met from July 1 to July 22, 1944, at the Mount Washington Hotel in Bretton Woods, New Hampshire, and drafted the Articles of Agreement. It was nearly a year and a half later, in December 1945, that the agreement was ratified. On March 1947, one of the monstrosities created during event, the International Monetary Fund, began operations.[The World Bank was also created at Bretton Woods-RW]
What was the goal of the plan? It was the same goal as at the founding of the Federal Reserve and the same goal that has guided every monetary plan in modern history. The stated idea was to promote economic growth, encourage macroeconomic stability, and, most absurdly, tame inflation. Of course, it did none of these things. Full story here: Economic Policy Journal
Bunkerville full story here: George Soros Plans New Bretton Woods Conference
“This conference reflects INET’s dedication to inspiring and provoking new economic thinking,” the website says.
“Crisis and trauma offer us a rare opportunity to work together to create real lasting change. This is one of those times,” INET says. Promoting “real” justice and equity requires “reinventing” the prevailing economic model — capitalism