Saturday, November 27, 2010

Soros in Oct. 2008: US is over, finished, switched off. Whatever it has left must be put into global warming investments, US must adjust lifestyle

10/15/08, "Soros on green as the motor of the economy," Grist, Bill Moyers transcript with Soros
"GEORGE SOROS: Well, deal with the mortgage problem. Reduce foreclosures. Recapitalize the banks. And then work on a
  • better world order where we work together to resolve problems that confront humanity like
  • global warming.
And I think that dealing with global warming will require a lot of investment.

You see, for the last 25 years the world economy, the motor of the world economy that has been driving it was consumption by the American consumer who has been spending more than he has been saving, all right? Than he's been producing.
  • So that motor is now switched off.
You need a new motor. And we have a big problem. Global warming.
(continuing, script): "And that could be the motor of the world economy in the years to come....

Instead of consuming, building an electricity grid, saving on energy, rewiring the houses, adjusting your lifestyle where
  • energy has got to cost more
until it you introduce those new things. So it will be painful. But at least we will survive and not cook.

BILL MOYERS: You're talking about this being the end of an era and needing to create a whole new paradigm for the economic model of the country, of the world, right?


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