Cempaka Business and Economy: Global Banking Regulations Could Have Prevented Century Bailout: George Soros

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, February 10, 2010

Global Banking Regulations Could Have Prevented Century Bailout: George Soros

Jakarta Globe, Camelia Pasandaran, February 10, 2010

Founder of the Open Society Institute George Soros, left, with Indonesian Vice President Boediono on Wednesday. (Antara Photo)

Global economist and chairman of the Open Society Institute, George Soros, has criticized the absence of globalized banking regulations during his Jakarta visit on Wednesday, stating that such rules could have helped prevent the controversial Bank Century bailout.

“I think the way banks are regulated needs to be improved and there’s a general need for better regulations that are a worldwide requirement,” he said after meeting with Indonesian Vice President Boediono.

“The problems in the financial system are because banks have become globalized but they operate on the false principle that the (banking) system can regulate itself,” Soros said.

Soros is in Indonesia for a two-day visit to review the work of the Tifa Foundation, which he supports along with the Open Society Institute.

Soros said he paid Boediono a courtesy visit to be informed about the economic and financial conditions in Indonesia.

“As an ex-central banker, I thought he would be the person to give me an overall picture,” Soros said.

When asked about the Bank Century case, Soros said that even though it was appropriate to save the financial system from collapsing, there should be regulations to prevent bank bailouts.

“Generally speaking, it is appropriate to save the financial system from collapsing by lending support to the troubled institutions,” he said.

“However, it is the role of the regulators to regulate the banks that need to be bailed out. (With regulations) there is no need for the bailout, as it is the financial markets that have the air of instability and are prone to create financial crises.”

Soros said Indonesia had managed to pass through a very difficult financial period and experienced relatively little damage compared to other countries.

“When you compare the amount of money that was used in Indonesia (for the bailout), compare it to the tremendous and very large amount used in the United States and Europe, Indonesia had relatively very little damage,” he said.

Boediono’s spokesperson Yopie Hidayat said that Soros was eager to get information on Indonesia’s financial condition because the country has been on the investment radar.

Related Article:

Boediono to Meet With Philanthropist George Soros

Cempaka Business and Economy

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Wednesday, February 10, 2010

Global Banking Regulations Could Have Prevented Century Bailout: George Soros

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