Posted on 09/09/2021 8:54:29 AM PDT by yesthatjallen
Billionaire investor George Soros, who is despised by many around the world for triggering and profiting from crises, started a fresh campaign against China's economy over the country's recent regulatory actions. But like his repeatedly failures and massive losses in betting against the world's second-largest economy before, Soros' latest attempt is not only doomed to fail but will also erase any credibility he still has when it comes to China.
In an opinion piece published in The Wall Street Journal on Tuesday, Soros called BlackRock's recent decision to introduce mutual funds in China "a tragic mistake" that is "likely to lose money for BlackRock's clients." In the article titled "BlackRock's China Blunder," he even went on to suggest that the move would "damage the national security interests of the US and other democracies."
This was the third article Soros wrote in recent weeks for several Western media outlets, in which he slammed China over the country's recent regulatory actions in the internet and other sectors, clearly aiming to trigger panic about the Chinese market and profit from it.
But investors apparently were not buying what Soros was selling. And it seems that it's Soros, not BlackRock, who is facing a blunder in China. Just days after Soros' earlier opinion pieces, BlackRock announced that it had raised $1 billion through its first mutual fund in China, according to media reports.
On Wednesday, BlackRock responded Soros' criticism, saying that "we believe that globally integrated financial markets provide people, companies, and governments in all countries with better and more efficient access to capital that supports economic growth around the world."
SNIP
(Excerpt) Read more at globaltimes.cn ...
Related:
George Soros Calls BlackRock’s China Investment ‘Tragic Mistake’
If China sends assassins to deal with Soros, I’d have a hard time crying over it.
“Global Times, an English-language Chinese newspaper under the People’s Daily.”
Natch.
This is pro CCP propaganda
Nice to see the world’s sausage makers get their own bits caught into the grinder.
Soros knows he has zero influence, pull or opportunity in China. They have cut him off completely (and so has Putin).
He’s generally hated in China by people who know who he is, for the same reasons he’s hated elsewhere - he’s a rapacious oligarch with his own secretive and subversive political agenda.
Looks like it, yes.
But it does show a shift in power amongst the bad guys.
I’m upset that someone didn’t take care of this guy years ago.
“Forget Soros. Leave him alone. He’s got enough problems. What about Soros, let’s talk about somebody else” -Donald Trump
https://freerepublic.com/focus/f-news/3386642/posts
“But it does show a shift in power amongst the bad guys.”
On the surface. But it’s really Black Rock propping up China. It’s still the same old globalist game.
Soros called BlackRock’s recent decision to introduce mutual funds in China “a tragic mistake” that is “likely to lose money for BlackRock’s clients.” In the article titled “BlackRock’s China Blunder,” he even went on to suggest that the move would “damage the national security interests of the US and other democracies.”
Diversionary statement. These folks don’t lose money. Pure and simple. Somewhere, buried in the details that most will never see is a subparagraph to the addendum to the subparagraph that makes sure these folks don’t lose money. The investors might lose their a$$es, but that’s what happens when you deal with folks like these.
As for Soros, he could give two rats a$$es about the security interests of the US and other democracies. He thinks his wealth insulates him. And for the most part it does. That and living in the US, protected by the Democrats, and their puppet masters in DC and on Wall St.
Hasn’t it been rumored that there are warrants for his arrest in other countries for the shenanigans he’s pulled and currency manipulation stuff?
Surprised that no one has stuck a needle full of Polonium-210 in his neck or his sons.
Soros and Trump basically on the same page with China investments - never thought I would live to see this day, yet here we are
As much as I hate the commies, they do look out for themselves and they do it rather effectively, too.
Hoping that they can bankrupt the damned evil SorozNazi, once and for all!
Black Rock doesn’t care what happens to China. They’ll take their scrape on buyers on the funds, and win no matter what happens.
It would not surprise me at all if this was all just a mind game to pump more baby boomer retirement money into CCP. Anyway, I’m staying away from Chinese investments due to the actions of Xi, not George.
For the want of an editor...
As much as we hate him, Soros has always been anti-Communist.
Soros is upset because he can’t buy Chinese politicians
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