Posted on 02/27/2010 7:06:19 PM PST by mgist
George Soros, the Democrats, and the Little Guy
In the case of George Soros, the rich really do get richer while the poor get poorer. Let me count the ways hedge fund billionaire has enriched himself through his trading "strategies." Years ago, he broke the Bank of England by wagering against the British pound -- pressuring it in such a way that the England had to devalue the pound. His first billion-dollar payday. Various ploys over the years enriched him further. Then he made billions by wagering that the housing and mortgage markets would collapse in America. A multi-billion dollar payoff again. Caching. Now he is up to his old tricks again: working with other hedge funds to force the euro to crack.
Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis.
The big bets are emerging amid gatherings such as an exclusive "idea dinner" earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to "parity" -- or equal on an exchange basis -- with the dollar, people close to the situation say.
This is an opportunity...to make a lot of money," says Hans Hufschmid, a former senior Salomon Brothers executive who now runs GlobeOp Financial Services SA, a hedge-fund administrator in London and New York.
It is impossible to calculate the precise effect of the elite traders' bearish bets, but they have added to the selling pressure on the currency-and thus to the pressure on the European Union to stem the Greek debt crisis.
These types of moves bring exacerbate problems with financial markets and the turmoil that results may enrich speculators and hedge fund managers but bring misery to millions of people.
Democrats have been major beneficiaries of hedge fund managers making donations to their party and to its politicians. Senator Chris Dodd was the number one beneficiary of their largesse until Barack Obama emerged as a presidential candidate; Obama became the "hedge fund candidate."
We heard a great deal in the campaign about the need to regulate hedge funds, but very little has been accomplished. There has been no requirement that hedge funds domiciled overseas (as is Soros's) reveal their investors. The huge leverage hedge funds can assume is still a problem. As chairman of the House Banking Committee, Chris Dodd could have acted, but he took a pass. He is the Senator from Connecticut, where many hedge funds have offices and many managers live the good life there. Dodd is on his way out. Here is one wager I would like to make: he will, one way or another, be well-compensated in future years with money from hedge funds.
The Democratic Party preaches that it is for the little guy and bashes Wall Street and bankers mercilessly. Yet it remains silent on the machinations of their patron saint, George Soros. He funds think tanks galore. He created the Center for American Progress -- Obama's think-tank and hiring hall. The CAP is an adjunct of the Democratic Party, peddling its ideas throughout the media landscape. Soros has an empire of 527 groups he uses to elect Democrats and promote their policies. He is the top funder of such shadowy groups, and his billionaire political allies (Peter Lewis, Herb and Marion Sandler -- also big funders of the CAP -- round up the top five). Soros was an early and ardent supporter of Barack Obama -- even using a loophole in federal campaign loans to exceed normal limits on donations.
Yet, Soros has no compunction about bringing misery to millions of people -- the same people the Democrats tout they are helping. They have no problem accepting money and support from George Soros-they also have no compunction and are notable short in the morality department, too.
Let's call it for what it is: liberal hypocrisy.
I have written before and often that I will enjoy p-$$ing on the Castro brother’s graves. Soros will get the same deserved treatment!
I still can't believe that American media refuses to associate Soros to the election of Obama. They will only call him "philanthorpist".
BTTT
Soros’ real name was Schwartz. He was a Jew who collaborated with the Nazis as a youth. If you knew nothing else about him, this would be enough. He sold out his own people to the Nazis. The man is the scum of the Earth. I will also enjoy pissing on his grave when he finally does us all a favor and dies.
Why is Soros walking around free today? Why didn’t anyone put him in jail when he was caught before?
‘The media remains silent. Outrageous! “
He owns the media so why are you surprised.
I will bet Soros isn’t using his own money.
He needs to go to jail and made to pay back every dime he stole.
Soros was also involved with the initial crash of the American economy. He made his billions manipulating markets and other peoples misery.
Just so you know the type of person Soros is. He been trashing gold as a poor investment publicly while he secretly been accumulating it.
Are not there some countries where if Georgy Schwartz set foot he is liable to take a dirt nap by judicial decision?
To be honest, I wouldn’t be surprised if George Soros is not a socialist at all. He’s only using this money to buy himself good PR in the eyes of the world media. Pocket change for the good PR. George Soros has no morals at all. Anything goes, as long as he makes money
Investigation of top bank regulator; Geithner, Soros, IndyMac, AIG connection
Investigation of top bank regulator; Geithner, Soros, IndyMac, AIG connection
This man, George Soros, will be taken down. I don’t know how or when but it will happen. He has caused people untold misery. God will have His way with this man, sooner or later.
This image is on the anarchosyndicalism.net SITE: http://www.anarchosyndicalism.net/usermedia/image/3/apple.gif Suggest rethinking apple ‘pie’. Or, see a certain dress from DNC acceptance speech, 2008.
“Black and red bisected symbolism
The red-and-black flag is the symbol of the anarcho-syndicalist and anarcho-communist movements. Black is the traditional color of anarchism, and red is the traditional color of socialism. The red-and-black flag combines the two colors in equal parts, with a simple diagonal split. Typically, the red section is placed on the top-left corner, with the black on the bottom-right corner of the flag. This symbolizes the co-existence of anarchist and socialist ideals within the anarcho-syndicalism movement, and to symbolize the more socialistic means of the movement leading to a more anarchistic end.
The CNT-FAI’s version of the red-and-black flagOne of the most famous variations of the anarcho-syndicalist flag is that of Spain’s Confederación Nacional del Trabajo (National Confederation of Labor, CNT), which still exists today. The CNT, along with the Federación Anarquista Ibérica (Iberian Anarchist Federation, FAI), a major militant faction within the CNT, was a major player in the popular anarchist movements in Spain of the late 19th and early 20th centuries. This group has its own version of the red-and-black flag with its initials on the flag. CNT is in the red, while FAI is in the black – the color of anarchy – as the FAI was founded in 1927 to keep the CNT dedicated to anarchist principles.
Black and Red Africa - Zabalaza Federation’s logoAnother variation on the red-and-black theme is the red-and-black Africa used mostly by the Zabalaza Anarchist Communist Federation (ZACF or ZabFed), a federation of anarchist groups in South Africa. ZabFed was inspired by the Organisational Platform of the Libertarian Communists. ZabFed members share a basic agreement in terms of theoretical and tactical unity, collective responsibility, and federalism as suggests by the Platform. In historical terms the Platformist tradition starts with The Organizational Platform of the Libertarian Communists, and in the post-war period many include documents like the Georges Fontenis’ pamphlet Manifesto of Libertarian Communism.
The symbolism of a united Africa, displayed in traditional anarchist communist colours, is an important one, as a mixture of different demographic groups are represented by Zalabaza in the midst of a societal environment that is otherwise tense with post-colonial racial and sexual issues.”
http://answers.yahoo.com/question/index?qid=20081105055407AAXfPLn
“There has been no requirement that hedge funds domiciled overseas (as is Soros’s) reveal their investors.”
Correcting this ought to be a top priority for any Republican Congress and have stringent disclosure requirements for funding of think tanks etc.
Soros looks old, why can’t he do the world a favour and check out?
It isn’t him I want down first. It is the bastards doing his bidding. A free enterprise system is corrupted to the core. Take out the players.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
