Thursday, October 23, 2008

Soros - The Evil Financial Manipulator

My time for blogging is limited this morning, so forgive this hasty post.

Recall all of the blog posts where I stated that I suspected that George Soros was probably involved in our current economic crisis?

There is comment post over at Free Republic with a link to a paper that tells of more examples of Soros' corrupt maneuverings in other nations' financial markets!

Islander 7 Comment quote:

Case Study: George Soros

The world’s undisputed king of applying this type of muscle is George Soros. The August 23, 1993 cover story of Business Week entitled “The Man Who Moves Markets” paints the picture of an investor whose manipulation of the press is matched only his ability to manipulate his financial empire. By far, Soros’ greatest gains, however, have been destabilizing currencies on the global market. Time and time again, when a nation is in a monetary crisis, Soros is there to give the currency the last nudge, and then profit as it plummets. He bet against Asian currencies in 1997 and the peso in 1994. Perhaps his most brash move was taking on the Bank of England in September of 1992.

England was in a precarious position in 1992. It had an agreement with other European nations to maintain its currency within certain bounds relative to the German mark under the ERM- Exchange Rate Mechanism- system. Economic troubles had reduced the true value of the pound, but still it was held at a rate of roughly three marks to the pound. Increasingly, England was being pressured to devalue the pound, despite treaties to the contrary. But when would they take an action so contrary to national pride? On Wednesday, September 16, Soros leveraged the entire $1 billion value of his fund, and was able to take a $10 billion position against the pound. The $10 billion bet against them was the final blow, causing the government to announce a devaluation. All told, Soros made $2 billion in profits on the trade, tripling the value of his fund, at the expense of the British government. Without a global network and precise timing to rely on, Soros could never have pulled such an extreme trade. The lesson is not to stop the development of global networks or inhibit technology growth, but to be aware of the new opportunities available to the most aggressive investors. Such assaults are clearly not in the best interests of the nations involved (Asia is still recovering from its currency crisis), and some sort of world leadership is needed to prevent individuals from destabilizing governments for their own profit.

More from commenter "imfrmdixie":


2) The true story of Soros the Golem Executive Intelligence Review SPECIAL REPORT April 1997.

{p. 18} George Soros is not only one of the world’s leading megaspeculators; throughout his entire life up to this day, he has served as an “errand boy” for the Anglo-American monetarist establishment, running looting operations against the nations of Eastern Europe, as well as attacks against the sovereignty of nations ... in September 1992, “in an eyeball-to-eyeball confrontation with the Bank of England,” Soros destroyed the British pound and the Italian lira and made $12 billion in profit from his speculation, as he later bragged in an interview. ...

{p. 19} Using leveraged loans, Soros raised $40 billion to outspend the Germans. How he was able to do this, remains a mystery: first, there was the fact that a speculator like Soros is able to borrow on a margin of 5%, borrowing $1 billion for just $50 million. Second, Soros had ties to those very British oligarchic circles (epitomized by the Rothschilds) which wanted to undermine the Bundesbank, at the same time that they considered the pound sterling to be overvalued. Third, Soros had extensive lines of highly leveraged credit with banks like Citibank N.A., which is one of two custodians of Quantum. And, fourth, U.S. intelligence sources charge that Soros has access to a ‘hot money” crowd in Israel, politically associated with the Eretz Yisroel goals of Gen. Ariel Sharon. These provide some leads as to how Soros was able to beat the Bundesbank and destroy the ERM.


More from "IndianPrincess OK":

Absolutely agree!!! Read this from Wikipedia on Soros. He mentions that he supports Obama and he worked hard to defeat Bush. Don't you know he will do whatever it takes to get O in. I find it not one bit a coincidence...no way. He has the fund, the hedge fund buddies, and he has the motive.....absolutely. Now, how do we deal with it? Here's what I found. Wikipedia does not allow you to post on FR. http://talkwisdom.blogspot.com/2008/09/sorosobama-scheme-to-financially.html http://dealbook.blogs.nytimes.com/2008/10/09/from-george-soros-to-a-bank-near-you/ George Soros (pronounced /ˈsɔroʊs/ or /ˈsɔrəs/,[2] Hungarian IPA: [ˈʃoroʃ]) (born August 12, 1930, in Budapest, Hungary, as György Schwartz) is a Hungarian-born American financial speculator, stock investor, philanthropist, and political activist.[3] Soros is famously known for "breaking the Bank of England" on Black Wednesday in 1992. With an estimated current net worth of around $9 billion, he is ranked by Forbes as the 99th-richest person in the world.[1] Currently, Soros is chairman of Soros Fund Management and the Open Society Institute and is also a former member of the Board of Directors of the Council on Foreign Relations. According to his own website, Soros claims his support for the Solidarity labor movement in Poland, as well as the Czechoslovak human rights organization Charter 77, contributed to ending Soviet Union political dominance in those countries.[4] His funding and organization of Georgia's Rose Revolution was considered by Russian and Western observers to have been crucial to its success, although Soros said his role has been "greatly exaggerated." In the United States, he is known for having donated large sums of money in a failed effort to defeat President George W. Bush's bid for re-election in 2004. On BookTV, November 12, 2007, he said that he supports Barack Obama for the Democratic candidate in the 2008 election, but says that John Edwards, Hillary Clinton, or Joe Biden are all fine candidates, as well.



Financial Transactions


HT: Free Republic: Is the market being manipulated in order to influence the election?

5 comments:

spud tooley said...

if y'all will let me have the floor for a minute...

none of you responded positively to my question of whether or not you will roll up your sleeves and go to work healing our country if obama is elected president. what bothers me about that is that you people are christians ... CHRISTIANS! :)

one thing Jesus could have done is stuck around another 40 years telling the pharisees how they were screwing up and pointing our sinners' sins to them - thought if you are a reader of the NT (i assume you are, but 'assuming' has gotten me in trouble before) you will see He did very little of the latter. instead, he said, 'not my will but thine' to his Father, and ... did what? he carried His cross.

now, to a lot of you, gritting your teeth and working on some solutions you believe are not going to work is going to feel like carrying a cross. we all do that in our own jobs every day - people bring up what we think are stupid ideas for fixing a problem, but we don't go sit in our offices like spoiled children saying we're not going to play the game any more because it's not the game i wanted to play.

so you have an opportunity now - ESPECIALLY now - to put your obama hatred to rest - you've said everything negative you could possibly say by now - and start being a part of the solution. you can still vote for mccain - and i have no problem with you posting and commenting positive things you see about the mccain/palin ticket. but get out of this mode of trashing someone who is stepping up to lead at a crticial moment in history. if you're negative - negative - negative all the way up to election day, you're only ensuring that the division goes deeper and deeper, and the likelihood of some pretty ugly things happening continues to rise to fearful levels.

thanks for listening.

-mr

Sosthenes said...

Mike,

Your presupposition is that we have to be for one candidate or another for healing. My position is neither as I will copy the same answer as the Lord of hosts.

Joshua 5:13 And it came to pass, when Joshua was by Jericho, that he lifted up his eyes and looked, and, behold, there stood a man over against him with his sword drawn in his hand: and Joshua went unto him, and said unto him, [Art] thou for us, or for our adversaries?


Joshua 5:14 And he said, Nay; but [as] captain of the host of the LORD am I now come. And Joshua fell on his face to the earth, and did worship, and said unto him, What saith my lord unto his servant?

Joshua 5:15 And the captain of the LORD'S host said unto Joshua, Loose thy shoe from off thy foot; for the place whereon thou standest [is] holy. And Joshua did so.


Sosthenes

Gary Baker said...

Spud,

Not that I'm surprised considering your reasoning skills, but I gave you quite a reasoned response to that question. Perhaps it was the "reasoned" part that confused you.

Christinewjc said...

Soros, known for his rabid abortion support, donates money to far left "Catholic" groups that ignore both biblical teaching and Catholic teaching - that abortion is the deliberate killing of an unborn baby - in order to make baby killing somehow appear "reasonable and legitimate."

Sorry Soros - only a few leftist loons think the way that you do.

Take a look at this portion of an email I received from NewsMax:

George Soros Funds Catholic Left

An organization founded by billionaire investor and Democratic financier George Soros has funded two “left-wing” Catholic groups that support abortion rights, according to Catholic League President Bill Donohue.

Soros “is connected to two apologists for abortion rights: Catholics in Alliance for the Common Good, and Catholics United,” Donohue said in a Catholic League release.

“In 2006, Soros’ Open Society Institute gave Catholics in Alliance $100,000 [double the amount he gave in 2005], and in the same year, Catholics in Alliance listed Catholics United . . . as an organization with which it has a formal relationship.

“John Podesta, who runs the Soros-funded organization Center for American Progress, admits that he works closely with Catholics in Alliance and Catholics United.”

Donohue asks, “Why would any Catholic organization take money from a man like George Soros? . . . And why would Soros have any interest in funding Catholic groups? He doesn’t give the Catholic League any money, and if he offered, I would refuse it.

“The reason Soros funds the Catholic left is the same reason he lavishly funds Catholics for Choice, the pro-abortion group that has twice been condemned as a fraud by Catholic bishops. They all service his agenda, namely, to make support for abortion rights a respectable Catholic position.”

On Oct. 17, Denver Archbishop Charles Chaput accused Catholics in Alliance and Catholics United of doing a “disservice” to the Catholic Church, according to Donohue, who added, “He’s right — and now we know what really makes them tick.”

Chris Korzen of Catholics United sought to counter the criticism from Donohue by asserting that Soros’ organization also contributes to Catholic Charities, Catholic Relief Services, and Catholic Legal Immigration Services.

But Donohue told LifeNews.com, “Unlike the three Catholic organizations cited by Korzen, Catholics United and Catholics in Alliance are apologists for abortion.

“Their passion for abortion rights is so strong that they refuse to endorse the legal ban on partial-birth abortion.”

Christinewjc said...

Mike -

I wrote that I would apologize IF OBAMA PRESENTED HIS VAULT BIRTH CERTIFICATE TO THE COURT AND IT WAS GENUINE. HE HAS NOT DONE SO!

It is my blog and I can publish or reject any comment.

The dismissal by the judge (haven't read it yet - no time right now) could have been as a result of secret hush money given to him. I wouldn't put it past Obama. He buys everything else.

Berg is going to the Supreme Court with his lawsuit. I don't think that it will be dismissed there.

Eventually, the TRUTH will come out. I just pray that it happens before the election. If McCain wins and it happens after the election, at least the truth will come out. If Obama wins and the truth proves that he is NOT a natural born citizen, the riots in the streets will be terrible!

This is a CONSTITUTIONAL issue, Mike. It is serious - even if YOU don't think so.