Posted on 11/28/2004 5:30:54 AM PST by shubi
Time magazine has characterized financier George Soros as a "modern-day Robin Hood," who robs from the rich to give to the poor countries of eastern Europe and Russia. It claimed that Soros makes huge financial gains by speculating against western central banks, in order to use his profits to help the emerging post-communist economies of eastern Europe and former Soviet Union, to assist them to create what he calls an "Open Society." The Time statement is entirely accurate in the first part, and entirely inaccurate in the second. He robs from rich western countries, and uses his profits to rob even more savagely from the East, under the cloak of "philanthropy." His goal is to loot wherever and however he can. Soros has been called the master manipulator of "hit-and-run capitalism."
As we shall see, what Soros means by "open," is a society that allows him and his financial predator friends to loot the resources and precious assets of former Warsaw Pact economies. By bringing people like Jeffrey Sachs or Sweden's Anders Aslund and their economic shock therapy into these economies, Soros lays the groundwork for buying up the assets of whole regions of the world at dirt-cheap prices.
The man who broke the Bank of England?
An examination of Soros's secretive financial network is vital to understand the true dimension of the "Soros problem" in eastern Europe and other nations.
(Excerpt) Read more at freerepublic.com ...
Well if he entered a monastery wouldn't he have to divest himself of all worldly possessions? There are numerous organizations that would welcome his donations. Somehow I think this is just about as likely as me winning the lottery. No, on second thought I think I stand a better chance of winning the lottery than ever seeing old Mr. Soros chanting in a monastery.
One thing for sure, the man is old and his end will come and all the money in the world won't stop death and what comes thereafter.
Today, [what Richard Poe calls the 'Democrat "digital brownshirt" movement'] is well-funded and tightly disciplined. Its headquarters is the Center for American Progress (CAP), a far-left think tank launched in July 2003. Headed by former Clinton Chief of Staff John Podesta and funded with $3 million from George Soros, CAP serves as the premier platform for Hillary Clinton’s political activism.
One of CAP’s missions, according to its charter, is to run "rapid response" media campaigns, for the purpose of debunking and discrediting troublesome press reports. In this respect, CAP’s mission echoes that of the so-called "War Room" which Hillary first operated during the 1992 presidential campaign. According to the Washington Post:
"The war room was set up to gather as much intelligence as possible and quickly turn it to Clinton’s advantage. Campaign advisors tried to anticipate what stories reporters were working on in hopes of shaping those stories before they were written."
Critical to the War Room’s success was James Carville’s so-called "rapid-response team" an elite band of spinmeisters who prided themselves on their ability to intercept a Clinton scandal report at midnight and turn it around to Clinton’s advantage by 7 am the next morning.
Remember. Soros lost over a billion dollars when the IndoChina currency crisis hit.
"I am for a national sales tax and transaction tax that totally eliminates the IRS."
Be careful about the transaction tax. If implemented as some propose, it becomes a huge obstacle to free flow of efficient investment by taxing all investment transactions, which would grind Wall Street to a halt.
"By this I mean that we are running up enormous and potentially dangerous budget deficits, tear after year after year. In the short-term, we can survive that and use it to attain short-term goals (eg, fund the war on terror), but sooner rather than later we must exercise fiscal restraint."
Although I agree that fiscal restraint is in order, the budget deficit dangers are being overblown. Here's a good explanation from Thomas Sowell
http://www.townhall.com/columnists/thomassowell/ts20041125.shtml
A future analysis of political power may read similarly:
One of the big advantages the Republicans had was their ability to raise many voters, while the Democrats were dedicated to killing their children through abortion.
Gold, Eh??? Well, now I'll fix him. I'm going to sell both ounces tomorrow!!
Maybe someone could talk Bill Gates into "waging war" on Soros?
:P
And while his friends in the media are beginning to talk down the dollar, he's cashing in and going long. He gains on both the up and the down.
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Agreed. Good article, good summary.
His very good point is that (to use round and highly estimated but reasonable figures) in a $10 trillion economy, if we grow the economy 4%, that's $400 billion dollars. At a 20% tax rate, that's $80 billion in tax revenue. To Sowell's very good point, if we hold the line on spending, we can grow ourselves out of the deficit in a very few years.
That was the Reagan-Laffer logic of the 80's - but we did not exercise the political will to curb spending. Back then, the Democrats controlled the House, and later, the Senate. The Republicans don't have that excuse now, and they need to deliver.
Maybe his next bank statement will be the blue screen of death! :)
A 1% or less transaction tax on investment transactions would be far better than the horrors of the current system.
Japan is pretty flush right now and has a vested interest in a strong dollar.
Interesting times.
Sen. Clinton showed up Thursday morning to talk about the 50-year project of conservatives to roll back the New Deal, all while ostensibly introducing the next speaker, billionaire George Soros. Clinton declared that "four more years of the Bush administration would leave our country unrecognizable." Soros was equally grave, if a bit more esoteric, assuring the crowd that the Bush Doctrine is a bubble about to burst.
I wish my investment record were as mixed as Soros's.
Clinton declared that "four more years of the Bush administration would leave our country unrecognizable."
Yep, there won't be IRS, terrorism will be on the wane and there will not be interns with pizza and thongs in the oval office.
Not to mention, there will not be corruption at every level of government, with our national secrets sold to the highest bidder to finance a leftist campaign.
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