Wednesday, September 23, 2009

George Soros: Financier to the Left

Let's have a brief chat about one of the Left's main money men: George Soros. Here's some background; George Soros was born in Budapest, Hungary August 12, 1930. His birth name was Gyorgy Schwartz. His father, Tivadar was Jewish and a prisoner of the Russians during World War I. The family changed their name from Schwartz to Soros in 1936 because of the growing anti-Semitism in Southeastern Europe and in Germany. In 1947, with World War II over, Soros moved to Britain and graduated from the London School of Economics in 1952. He moved to New York City in 1956, landing a job as an arbitrage trader with F.M. Mayer from 1956 to 1959, and then as an analyst with Wertheim and Company from 1959 to 1963. Soros is also a former member of the Carlyle Group. In 1970 he founded the Quantum Fund with the help of Jim Rogers, and in so doing, created the bulk of his fortune. In 2007 Quantum Fund returned almost 32%, netting Soros $2.9 million. On September 16, 1992 a day known as Black Wednesday, Soros' fund sold short more than $10 billion worth of British Pounds profiting from the Bank of England's reluctance to either raise interest rates comparable to other European Exchange Rate Mechanism countries or float the currency. The Bank of England was forced to withdraw it's currency from the European Exchange Rate Mechanism and in so doing, devalued the Pound Sterling and allowed George Soros to make a huge profit of $1.1 billion US dollars in the process. Soros was known as the "man who broke the Bank of England." In 2002 he was convicted of insider trading in France, which is a felony under French law. Soros was fined $2.3 million, which was the amount of money he made in the attempted takeover of French bank Societe Generale. He stated in a November 11 ,2003 Washington Post interview that, "Removing George W. Bush from office was the central focus of my life" and "a matter of life and death." He donated (and continues to donate), to the following left wing causes and organizations: Center for American Progress ( $3 million), ( $5 million), and America Coming Together ( $10 million). George Soros is an elitist, a man who is against repealing the Federal Estate Tax, which allows the IRS to confiscate up to 50% of the estate of a deceased relative. You can damn sure bet that George Soros will find a way to make sure any of his relatives avoid paying the Estate Tax. He's the worst kind of uber rich because of his it's okay-for-me-to-be-rich-but not-you attitude. He's the kind of guy that gets onto the board of an exclusive private club just to make it difficult for someone else to join. Soros is also a self-hating Jew, openly unsupportive of Israel. His whole "Open Society" psychobabble is nothing more than candy-coated Marxism. In conclusion, George Soros wrote an article in Atlantic Monthly entitled Capitalist Threat February, 1997. Now, you tell me what kind of ideology he supports? Maybe someone can "enlighten" me and tell me how someone who has so much wealth can be pro-Marxist. I'd really like to know.

Source: Wikipedia

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