The Moment George Soros has been waiting for…and bought!

Socialist George Soros has invested millions and finally his investment could pay off. Finally, he has democrats controlling the entire United States Federal Government. He’s wasting no time doling out advice to the new administration.

Unlike George Soros, people like myself wake up every morning and work for an hourly wage or salary and don’t have a lot of time to find out about Mr. Soros shady business deals. Most people probably don’t know how he brought down the Bank of England. I don’t know, there’s something about him I just don’t trust.

He just posted a long piece in the Financial Times. He begins with a lesson in economics. He blames the entire collapse of the US financial system on the US government’s failure to bail out Lehman Brothers. I’m not as savvy as Mr. Soros, but something tells me that with or without Lehman Brothers this bubble we’ve been living in would have burst at some point.

It’s not until the end of the article that Mr. Soros reveals his true intentions (emphasis mine).

T o prevent the US economy from sliding into a depression, Mr Obama must implement a radical and comprehensive set of policies. Alongside the well-advanced fiscal stimulus package, these should include a system-wide and compulsory recapitalisation of the banking system and a thorough overhaul of the mortgage system – reducing the cost of mortgages and foreclosures.

Energy policy could also play an important role in counteracting both depression and deflation. The American consumer can no longer act as the motor of the global economy. Alternative energy and developments that produce energy savings could serve as a new motor, but only if the price of conventional fuels is kept high enough to justify investing in those activities. That would involve putting a floor under the price of fossil fuels by imposing a price on carbon emissions and import duties on oil to keep the domestic price above, say, $70 per barrel.

Finally, the international financial system must be reformed. Far from providing a level playing field, the current system favours the countries in control of the international financial institutions, notably the US, to the detriment of nations at the periphery. The periphery countries have been subject to the market discipline dictated by the Washington consensus but the US was exempt from it.

How unfair the system is has been revealed by a crisis that originated in the US yet is doing more damage to the periphery. Assistance is needed to protect the financial systems of periphery countries, including trade finance, something that will require large contingency funds available at little notice for brief periods of time. Periphery governments will also need long-term financing to enable them to engage in counter-cyclical fiscal policies.

In addition, banking regulations need to be internationally co-ordinated. Market regulations should be global as well. National governments also need to co-ordinate their macroeconomic policies in order to avoid wide currency swings and other disruption.

Radical and comprehensive set of policies….recapitilisation of the banking system = nationalize the banks.  Energy policy = destroy our economy with cap and trade. Put a floor under the price of fossil fuels = make matters worse with high energy prices. Assistance is needed to protect the financial systems of periphery countries = America needs to be taken down a notch. Periphery governments will also need long-term financing = somehow it’s America’s duty to bring the rest of the world out of poverty. Banking regulations need to be internationally coordinated = no more United States sovereignty.

One thing Mr. Soros’ needn’t worry about is American consumerism being the motor of the global economy. Thanks to his pals in the White House and Congress Americans’ consumer spending is sure to continue to decline.

Is it now just a question of how long it will take until the United States of America is just another failed state, now part of some new world order?