Hedge funds – the out-of-control-entity behind the world finance system!
Hallelujah! Finally! The G 20 gets it!
Reported on today’s NPR:
“Finance officials from rich and developing countries pledged Saturday to do “whatever is necessary” to fix the global economy, including supervision of freewheeling hedge funds and restoring bank lending by dealing with the shaky securities burdening their finances.”
The power to manipulate unregulated, belongs to few in the world; those in charge of the Hedge funds, specifically George Soros, have been able to create trends and drive up their investors’ net worth, at least until the current financial crisis.
(Admittedly, it’s my own skeptical nature, but I doubt that he (Soros) lost any money in this decline in spite of the diving value of 401K – Hedge Funds.)
Whether those who write regulations are spineless or not, corrupt or not, this remains to be seen. Yet certainly, the U.S. president, Obama, and most of Congress were bought and paid for by Soros.
From Soros’ involvement in his attempt to control, collapsing the currencies around the globe, his promotion of the legalization of drugs, and looking all the way back, to his involvement as a youth in Nazi’s programs – as ‘a Jew in hiding’, pretending to be a Christian, his job was to help cofiscate the wealth of Jews sent to the camps ….. his history, leaves no doubt of his ethics ….. or lack thereof, at least not for many of us.
Yet, Soros is only one of the puppeteers behind the curtain …… some say there’s a consumer confidence creeping back into the markets but these puppeteers, they’re not through …… there’s more to come; we’re not their slaves ….. not yet.