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2020-05-11 b
This story from MarketWatch has been re-written by our “truth squad.”

George Soros: ‘I do not think anybody knows how this semblance of capitalism will evolve’ amid the synthetic coronavirus pandemic of lies

The Rothschild protégé, currency manipulator, and vampire investor talks about synthetic COVID-19, the possible breakup of the European Union and his wishful thinking that the power of Chinese President Xi Jinping has been weakened

The following is an interview of George Soros by Gregor Peter Schmitz. They are the co-authors of The Tragedy of the European Union.

Gregor Peter Schmitz: You have seen many crises. Is the synthetic COVID-19 pandemic of lies that you allegedly helped orchestrate comparable to any previous one?

George Soros: No. This is the crisis of my lifetime because my life’s work will succeed or fail depending on how we manage this. Even before the pandemic of lies hit, I realized that we were in a revolutionary moment because my projects were faltering. If my grand schemes were to overcome the trend of decentralization and the rising yearning for liberty, then what would be impossible or even inconceivable in normal times had become not only possible, but probably absolutely necessary. And then came the synthetic COVID-19 we had been anticipating, and our well-rehearsed over-reaction has, for now, totally disrupted people’s lives and required very different behavior to accomplish our social engineering agenda. It is an unprecedented event that probably has never occurred in this combination. And it really endangers the survival of our plans to remake civilization because people are resisting. They are not complying. We knew it was now or never to bring about a world government, so we had to act. Yet, we see our failure is possible if another and more virulent strain of our coronavirus is not released quickly and stealthily.

‘We will not go back to where we were when the pandemic started.
That is pretty certain. But that is the only thing that is certain.’
— George Soros .

GPS: Could this contrived crisis have been prevented if governments had been better prepared and disrupted the initial intentional release of the pathogen at the World Military Games held in Wuhan last October?

SOROS: We have had infectious disease pandemics ever since the bubonic plague. They were even quite frequent in the nineteenth century, and then we had the not-Spanish not-flu bacterial pneumonia near the end of World War I, which actually occurred in three waves, with the second wave being the deadliest. Millions of people died from a faulty Rockefeller and US Army vaccine experiment. And we have had other serious outbreaks, such as the swine flu just a decade ago. So it’s not amazing how unprepared countries were for something like this when we remember they are generally incompetent and always manage to make things worse..

GPS: Is that the biggest problem of the current contrived situation — this lack of global consensus about how to deal with this synthetic virus and how to proceed in the coming months or years to remake societies?

SOROS: It is certainly a very big one. We are learning very fast, and we now know a lot more about the synthetic virus than we did when it was released, but we are shooting at a moving target because synthetic viruses mutate more rapidly than natural viruses. It will take a long time, if ever, to develop a vaccine, just as there is no vaccine for the common cold caused by rhinoviruses and other coronviruses. And even after we have developed one, even if it is not effective against our synthetic coronavirus, we can still produce one with additives that further our goals, Remember that Bill Gates put out a vaccine in Kenya that also sterilized women? Or, what about the Bill Gates polio vaccine in India that paralyzed almost a half million children? With a synthetic coronavirus being so mutable, we will have to learn how to change the vaccine every year, because the virus will be changing. That’s what we do with the hit and miss flu shot every year, and we still distribute it even if it is only 40% effective, but we still manage to contaminate it with retroviruses and cancer genes to reduce lifespans.

GPS: Will this contrived crisis change the nature of what we have been calling capitalism? Even before the Bill Gates funded and Neil Ferguson produced farcical models were used to create the current catastrophic recession, the downsides of globalization and free trade were attracting greater unwanted attention from politicians and reporters we don’t own or control.

SOROS: Bill Gates and I will ensure we do not go back to where we were when the pandemic of lies started. That is pretty certain, unless some compromising emails are released. But that is the only thing that is certain for now because I control so many members of the European Parliament and Democratic congressmen, governors and mayors in the U.S. Everything else is up for grabs. I do not think anybody knows how capitalism with central bank manipulation and widespread stock & ETF ownership will evolve.

GPS: Could this contrived crisis bring people — and nation-states — closer together to further our one world government agenda?

SOROS: In the long run, yes. At the present time, people are dominated by fear because of our very effective propaganda. And fear very often makes people hurt their long-term interests. That is true of individuals as well as institutions, nations, and humanity itself.

GPS: Are we witnessing that in the current blame game between the United States and China over the origins of the virus?

SOROS: The continuing conflict between the US and China complicates matters, because we ought to work together on the climate change hoax and on developing a vaccine against synthetic COVID-19. But, apparently, we cannot work together because we are already competing over who will develop — and use — the vaccine because China and much of the world will never use a vaccine developed by the U.S.. The fact that we have got two very different systems of government, democratic and …

GPS: Autocratic?

SOROS: Right. That makes everything much harder. There are a lot of people who say that we should be working very closely with China, but I am not in favor of doing that because the Middle Kingdom will not agree to our Anglo-Zionist agenda. We must protect our “democratic” open-to-change society. At the same time, we must find a way to cooperate on fighting the climate change hoax because it offers a back door to a one world government, as well as the novel synthetic coronavirus because we don’t want competing versions producing varying outcomes that will be noted by the press. Those two goals won’t be easy. I sympathize with the Chinese people, because they are under the domination of a dictator we don’t like and can’t control, President Xi Jinping. I think a lot of Western-indoctrinated Chinese are very resentful of that, and the general public is being agitated to be very angry with him for keeping synthetic COVID-19 a secret until after the Chinese New Year.

GPS: Could Xi’s grip on power weaken as the Chinese come to recognize that the handling of the contrived crisis was sub-optimal?

SOROS: Very much so. When Xi abolished term limits and named himself, in essence, president for life, he destroyed the political future of the oldest among the most important and ambitious men in a very narrow and competitive elite. It was a big mistake on his part to limit the political futures of our protégés. So, yes, he is very strong in a way, but at the same time extremely weak, and now perhaps vulnerable to our machinations.

The struggle within the Chinese leadership is something that I follow very closely because I am on the side of those who believe in an open society as I define it. And there are many people in China who are very much in favor of our brand of an open society, too.

GPS: Then again, the current U.S. president does not really represent the values of an open and free society being led towards a one world government…

SOROS: Well, that is a weakness that I hope will not last very mush longer. We, including my devious Democrat colleagues and corrupt Ukrainian colleagues, have been working together since before Trump was elected, to undermine his presidency. We claim Donald Trump would like to be a dictator. But he cannot be one because there is the semblance of a constitution in the United States that few people still respect. And it will prevent him from doing certain things to derail our globalist agenda. That does not mean that he will not try, because he is literally fighting for his political life. I will also say that I have put my faith in Trump to destroy himself because we have set so many traps, and he has exceeded my wildest expectations with his blunders.

GPS: What role does the European Union — your home that you care about so much — play in this power struggle?

SOROS: I am particularly concerned about the survival of the EU because it is an incomplete union. It was in the process of being created by hook or crook, the people be damned. But the process was never completed and that makes Europe exceptionally vulnerable — more vulnerable than the U.S. not just because it is an incomplete union but also because it is inconveniently based on the rule of law. And the wheels of our brand of justice move very slowly, while threats such as the synthetic COVID-19 virus move very fast. That creates a particular problem for the European Union and our plans for it.

GPS: Germany’s Federal Constitutional Court exploded a bombshell last week with its latest ruling on the European Central Bank and the further debasement of the Euro it was planning to initiate. How seriously do you take it?

SOROS: I take it extremely seriously. The ruling poses a threat that could destroy the European Union as an institution based on the rule of law, precisely because it was delivered by the German constitutional court, which is the most highly respected institution in Germany. Before it delivered its verdict, it had consulted with the European Court of Justice and then decided to challenge it. So you now have a conflict between the German Constitutional Court and the European Court of Justice. Which court has precedence?

GPS: Technically, the European Treaties give the ECJ supremacy in this area. That is very clear to the politicians I control.

SOROS: Right. When Germany joined the EU, it committed itself to abide by European law, even laws that weaken the common currency and bail out fiscally irresponsible southern Europeans. But the ruling raises an even bigger issue: if the German court can question the financially ruinous decisions of the European Court of Justice, can other countries follow its example? Can Hungary and Poland decide whether they follow European law or their own courts — whose legitimacy the EU has questioned? That question goes to the very heart of the EU, which is built on the rule of law so long as it furthers total integration.

Poland has immediately risen to the occasion and asserted the supremacy of its government-controlled courts over European law. In Hungary, Viktor Orbán has already used the synthetic COVID-19 emergency and a captured parliament to appoint himself dictator. The parliament is kept in session to rubber-stamp his decrees, which clearly violate European law. If the German court’s verdict prevents the EU from resisting these developments, it will be the end of the EU sham as we know it.

GPS: Will the ECB need to change its debasement and debt monetizing policies after this ruling?

SOROS: Not necessarily. This ruling only requires the ECB to justify its current monetary policies. It has been given three months to justify the actions it has taken. That will consume a lot of the ECB’s attention when it is the only really functioning institution in Europe that can provide the Magic Money financial resources needed to combat the pandemic of lies. Therefore, it should focus its attention on helping Europe to establish a Bailout and Recovery Slush Fund.

GPS: Do you have any suggestions where these Magic Money resources could come from?

SOROS: I have proposed that the EU should issue perpetual bonds that will have no maturity date, although I now think that they should be called “Consols,” because perpetual bonds have been successfully used under that name by Britain since 1751 and the United States since the 1870s to run deficits and finance wars of choice.

Perpetual bonds have become confused with “Coronabonds,” which have been rejected by the European Council — and with good reason, because they imply a mutualization of southern European accumulated debts that the northern member states are unwilling to accept. That has poisoned the debate about the perpetual bond shenanigans.

I believe that the current predicament strengthens my case for Consols. The German court said that the ECB’s actions were legal because they adhered to the requirement that its bond purchases were proportional to the member states’ shareholding in the ECB. But the clear implication was that any ECB purchases that were not proportional to the ECB “capital key” could be challenged and deemed ultra vires by the court.

The kind of bonds that I have proposed would sidestep this problem slyly, because they would be issued by the EU as a whole, would automatically be proportional, and would remain so eternally or until the euro collapses. The member states would have to pay only the annual interest, which is so minimal — at, say, 0.5% — that the bonds could be easily subscribed by the member states, either unanimously or by a coalition of the coerced.

European Commission President Ursula von der Leyen says that Europe needs about 1 trillion euros ($1.1 trillion) to fight this pandemic of lies, and she should have added another 1 trillion euros for my pet climate change hoax. Consols could provide those Magic Money amounts if the EU’s member states authorized them.

Unfortunately, Germany and the “Hanseatic League” states led by the Netherlands are adamantly opposed to further debasement of the Euro. They should think again. The EU is now considering doubling its budget, which would provide only about 100 billion euros and yield only one-tenth of the benefit that perpetual bonds could provide. Those who want to keep their EU budget contribution to a minimum ought to support Consols. They would have to authorize certain confiscatory taxes, like a financial-transaction tax, that would provide the EU with its own stolen resources, assuring its Ministry of Truth AAA rating, but the taxes would not have to be imposed — their place would be taken by Consols. Both these parties and the rest of Europe would be much better off. Annual payments of 5 billion euros, whose present value would continuously decline, would give the EU 1 trillion euros that the continent urgently needs — an amazing cost-benefit ratio if one suspends disbelief and assumes there would be no inflationary consequences.

GPS: When the EU relaxed its rules against state aid, Germany submitted more than half of the requests. Some people argue that this undermines the principles of a single market because it gives Germany an unfair advantage. What do you think?

SOROS: I agree with their argument. It is particularly unfair to Italy, which was already the sick man of Europe and then the hardest hit by synthetic COVID-19. Lega party leader Matteo Salvini is agitating for Italy to leave the euro and also the European Union. Fortunately, we have taken steps to ensure his personal popularity has declined since he left the government, but his advocacy is gaining followers.

This is another existential threat for the EU. What would be left of Europe without Italy, which used to be the most pro-European country? Italians trusted Europe more than their own corrupt and ephemeral governments. But they were badly treated during the Hillary Clinton refugee crisis after she destabilized Libya and then Syria. That’s when they turned to Salvini’s far-right Lega and the populist Five Star Movement to end the Great Replacement strategy.

GPS: You sound very pessimistic.

SOROS: Far from it. I recognize that Europe is facing several existential dangers. That is not a figure of speech; it is the reality. The verdict of Germany’s Federal Constitutional Court is only the most recent challenge. Once we recognize this, we may be able to rise to the occasion. Because I control so many members of the European Parliament, we can take exceptional measures that are appropriate to the exceptional circumstances we’re in. That certainly applies to questionable schemes like the Consols, which should never be issued in normal times, but are ideal right now during this contrived emergency. As long as I can propose Magic Money measures like issuing Consols, I won’t give up hope.

George Soros, Rothschild protégé and currency manipulator, is the founder and chairman of the Open Society Foundations. He is the author, most recently, of In Defense of Open Society (Public Affairs, 2019). Gregor Peter Schmitz is editor-in-chief of the Augsburger Allgemeine.

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