Wasn’t that worm responsible for the Black Friday in Britain?
Yes ... Soros has a history of this :
On Black Wednesday (September 16, 1992), Soros became immediately famous when he sold short more than $10 billion worth of pounds, profiting from the Bank of England’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
Finally, the Bank of England was forced to withdraw the currency from the European Exchange Rate Mechanism and to devalue the pound sterling, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed “the man who broke the Bank of England.”
The Times of Monday, October 26, 1992, quoted Soros as saying: “Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.”
Soros tells the West: We must reform to help poor
Soros is still blamed for triggering the Asian crisis of 1997 which started a chain reaction that led to the Russian loan crisis, the near collapse of the hedge fund Long Term Capital Management and finally the Brazilian crisis in 1999. Mahathir Mohammed, the prime minister of Malaysia, famously called him a “moron”.
In his book, Mr Soros denies claims that he started the crisis as a “wholly unfounded”. He admits Soros Fund Management foresaw a crisis and “shorted” the Thai bhat and Malay ringgit - agreeing to sell stocks of the currencies it did not yet own.
Instead he blames the international financial system and argues that this is one of the reasons why it needs to be more tightly controlled. Given that belief it is understandable that he should be surprised to be subjected to a barrage of insults during a recent debate the opponents of with globalisation.
http://www.independent.co.uk/news/business/analysis-and-features/soros-tells-the-west-we-must-reform-to-help-poor-688016.html
91 posted on Tuesday, February 17, 2009 12:07:22 AM by dervish
Soros Calls His Felony Conviction in France “A Gift to My Enemies in the U.S.”
http://larouchepac.com/news/2009/02/24/soros-calls-his-felony-conviction-france-gift-my-enemies-u-s.html
Soros’s indictment arose from a vast scam targeting one of a France’s oldest, nationalized banks, Société Générale (SocGen) for privatization. Eleven high-level financial operatives were indicted in the scam; some, like Robert Maxwell, and Edmund Safra, were killed in mysterious and bizarre accidents while the case dragged on. Soros was the only one found guilty. The date of the appeal argument in Strasbourg is not yet known.
Soros has destroyed at least 5 different countries currency just to line his own pockets.
Soros and Russia, too? [excellent and informative article]
http://www.americanthinker.com/2008/02/george_soros_and_the_alchemy_o.html
I would like to see a black bag job where Soros disappears, only to re-appear a few days later in Malaysia or Thailand. A nice bounty would likely be paid, although the collectors would not be able to set foot stateside again.
These countries have charges against Soros for ruining their economies with his currency plays. Charges which, in those countries, involve the death penalty.