George Soros Pushing Global Warming to Advance His Wealth Transfer Agenda
Maybe I'm being a tad pessimistic about Mr Soros' agenda. Maybe I'm dead on. You decide.
U.S. billionaire investor George Soros on Thursday [December 10th] suggested an additional 100 billion U.S. dollars of IMF special drawing rights (SDRs) be used for assisting developing countries' efforts to tackle climate change.
Developed countries should lend the SDRs for 25 years in a special green fund serving the developing world, the 79-year-old investor said at a press conference on the sidelines of the UN Climate Change Conference.
Soros made the proposal while warning that the gap over financing developing countries' efforts on tackling climate change would probably "wreck" the Copenhagen talks.
Developed countries' proposal of 10 billion dollars a year for the next three years "is unlikely to satisfy the developing countries," Soros said. "I believe this amount could be at least doubled and ensured a longer period of time."
There is no similar agreement on where the money will come from, and developed countries are reluctant to make additional financial commitments, he added.
Soros said the IMF SDR-based green fund should grow from forestry and agricultural projects because they are the areas that offer the greatest scope for reducing carbon emissions and could produce substantial returns.
He proposed that the IMF members agree to use gold reserves of the IMF, worth about 100 billion dollars at current prices, to guarantee the payment of interest and repayment of the loans for the developing nations.
The last thing developing countries need is for the IMF to come with a basket full of handout and archaic rules dictating how they can better run their countries to fit in with the whims of asshats like Soros.
What, the loan sharks at the IMF couldn't get any broke countries to take their bait so now they've resorted to strong-arming cash in the name of global warming? Once again and not for the last time, fuck the IMF.