How
George Soros Singlehandedly Created the European Refugee Crisis - And Why
George
Soros is trading again.
The
85-year-old political activist and philanthropist hit the headlines post-Brexit
saying the event had “unleashed” a financial-market crisis.
Well, the
crisis hasn’t hit Soros just yet.
He was once
again on the right side of the trade, taking a short position in troubled
Deutsche Bank and betting against the S&P via a 2.1-million-share put
option on the SPDR S&P 500 ETF.
More
interestingly, Soros recently took out a $264 million position in Barrick Gold,
whose share price has jumped over 14% since Brexit. Along with this trade,
Soros has sold his positions in many of his traditional holdings.
Soros had
recently announced he was coming out of retirement, again.
First
retiring in 2000, the only other time Soros has publicly re-entered the markets
was in 2007, when he placed a number of bearish bets on US housing and
ultimately made a profit of over $1 billion from the trades.
Since the
1980s, Soros has actively been pursuing a globalist agenda; he advances this
agenda through his Open Society Foundations (OSF).
What is
this globalist agenda, and where does it come from?
The Humble Beginnings
The
globalist seed was sowed for young George by his father, Tivadar, a Jewish
lawyer who was a strong proponent of Esperanto. Esperanto is a language created
in 1887 by L.L. Zamenhof, a Polish eye doctor, for the purpose of “transcending
national borders” and “overcoming the natural indifference of mankind.”
Tivadar
taught young George Esperanto and forced him to speak it at home. In 1936, as
Hitler was hosting the Olympics in Berlin, Tivadar changed the family name from
Schwartz to Soros, an Esperanto word meaning “will soar.”
George
Soros, who was born and raised in Budapest, Hungary, benefited greatly from his
father’s decision.
Allegedly,
in 1944, 14-year-old George Soros went to work for the invading Nazis. It is
said that until the end of the war in 1945, he worked with a government
official, helping him confiscate property from the local Jewish population.
In an
1998 interview with 60 Minutes, Soros described the year of German
occupation as “the happiest time in my life.”
Soros’s Venture into Finance
When the
war ended, Soros moved to London and in 1947 enrolled in the London School of
Economics where he studied under Karl Popper, the Austrian-British philosopher
who was one of the first proponents of an “Open Society.”
Soros
then worked at several merchant banks in London before moving to New York in
1963. In 1970, he founded Soros Fund Management and in 1973 created the Quantum
Fund in partnership with investor Jim Rogers.
The fund
made annual returns of over 30%, cementing Soros’s reputation and putting him
in a position of power—one he utilizes to this day to advance the agenda of his
mentors.
The Currency Speculations That Threw Britain and
Asia into Crisis
In the
1990s, Soros began a string of large bets against national currencies. The
first was in 1992, when he sold short the pound sterling and made a $1 billion
profit in a single day.
His next
big currency speculation came in 1997. This time Soros singled out the Thai
baht and, with heavy short-selling volume, destroyed the baht’s artificial peg
to the US dollar, which started the Asian financial crisis.
“Humanitarian” Efforts
Today,
Soros’s net worth stands at $23 billion. Since taking a back seat in his
company, Soros Fund Management, in 2000, Soros has been focusing on his
philanthropic efforts, which he carries out through the Open Society
Foundations he founded in 1993.
So who
does he donate to, and what causes does he support?
During
the 1980s and 1990s, Soros used his extraordinary wealth to bankroll and fund
revolutions in dozens of European nations, including Czechoslovakia, Croatia,
and Yugoslavia. He achieved this by funneling money to political opposition
parties, publishing houses, and independent media in these nations.
If you
wonder why Soros meddled in these nations’ affairs, part of the answer may lie
in the fact that during and after the chaos, he invested heavily in assets in
each of the respective countries.
He then
used Columbia University economist Jeffrey Sachs to advise the fledgling
governments to privatize all public assets immediately, thus allowing Soros to
sell the assets he had acquired during the turmoil into newly formed open
markets.
Having
succeeded in advancing his agenda in Europe through regime change—and profiting
in the process—he soon turned his attention to the big stage, the United
States.
The Big Time
In 2004,
Soros stated, “I deeply believe in the values of an open society. For the past
15 years I have been focusing my efforts abroad; now I am doing it in the
United States.”
Since then,
Soros has been funding groups such as:
- The American Institute for Social Justice, whose aim is to “transform poor communities through lobbying for increased government spending on social programs”
- The New America Foundation, whose aim is to “influence public opinion on such topics as environmentalism and global governance”
- The Migration Policy Institute, whose aim is to “bring about an illegal immigrant resettlement policy and increase social welfare benefits for illegals”
Soros
also uses his Open Society Foundations to funnel money to the progressive media
outlet, Media Matters.
Soros
funnels the money through a number of leftist groups, including the Tides
Foundation, Center for American Progress, and the Democracy Alliance in order
to circumvent the campaign finance laws he helped lobby for.
Why has
Soros donated so much capital and effort to these organizations? For one simple
reason: to buy political power.
Democratic
politicians who go against the progressive narrative will see their funding cut
and be attacked in media outlets such as Media Matters, which also directly
contribute to mainstream sites such as NBC, Al Jazeera, and The New York
Times.
Apart
from the $5 billion Soros’s foundation has donated to groups like those cited
above, he has also made huge contributions to the Democratic Party and its most
prominent members, like Joe Biden, Barack Obama, and of course Bill and Hillary
Clinton.
Best Friends with the Clintons
Soros’s
relationship with the Clintons goes back to 1993, around the time when OSF was
founded. They have become close friends, and their enduring relationship goes
well beyond donor status.
According
to the book, The Shadow Party, by Horowitz and Poe, at a 2004 “Take Back
America” conference where Soros was speaking, the former first lady introduced
him saying, “[W]e need people like George Soros, who is fearless and willing to
step up when it counts.”
Soros
began supporting Hillary Clinton’s current presidential run in 2013, taking a
senior role in the “Ready for Hillary” group. Since then, Soros has donated
over $15 million to pro-Clinton groups and Super PACs.
More
recently, Soros has given more than $33 million to the Black Lives Matter
group, which has been involved in outbreaks of social unrest in Ferguson,
Missouri, and Baltimore, Maryland, in 2015. Both of these incidents contributed
to a worsening of race relations across America.
The same
group heavily criticized Democratic contender Bernie Sanders for his alleged
track record of supporting racial inequality, helping to undercut him as a
competitive threat with one of Hillary Clinton’s most ardent constituencies.
This, of
course, greatly enhances the clout Soros wields through the groups mentioned above.
It is safe to assume that he is now able to drive Democratic policy, especially
in an administration headed by Hillary Clinton.
Simply,
what Soros wants, he gets. And it’s clear from his history that he wants to
smudge away national borders and create the sort of globalist nightmare
represented by the European Union.
In recent
years, Soros has turned his attention back to Europe. Is it a coincidence that
the continent is currently in economic and social disarray?
Another Home Run: the Ukrainian Conflict
There’s
no doubt about Soros’s great influence on US foreign policy. In an October 1995
PBS interview with Charlie Rose, he said, “I do now have access [to US Deputy
Secretary of State Strobe Talbott]. There is no question. We actually work
together [on Eastern European policy].”
Soros’s
meddling reared its ugly head again in the Russia-Ukraine conflict, which began
in early 2014.
In a May
2014 interview with CNN, Soros stated he was responsible for establishing a
foundation in the Ukraine that ultimately led to the overthrow of the country’s
elected leader and the installation of a junta handpicked by the US State
Department, at the time headed by none other than Hillary Clinton:
CNN Host: First on Ukraine, one of the things that many
people recognized about you was that you during the revolutions of 1989 funded
a lot of dissident activities, civil society groups in Eastern Europe and
Poland, the Czech Republic. Are you doing similar things in Ukraine?
Soros: Well, I set up a foundation in Ukraine before Ukraine
became independent of Russia. And the foundation has been functioning ever
since and played an important part in events now.
The war
that ripped through the Ukrainian region of Donbass resulted in the deaths of
over 10,000 people and the displacement of over 1.4 million people. As
collateral damage, a Malaysia Airlines passenger jet was shot down, killing all
298 on board.
But once
again Soros was there to profit from the chaos he helped create. His prize in
Ukraine was the state-owned energy monopoly Naftogaz.
Soros
again had his US cronies, Secretary of the Treasury Jack Lew and US consulting
company McKinsey, advise the puppet government of Ukraine to privatize
Naftogaz.
Although
Soros’s exact stake in Naftogaz has not been disclosed, in a 2014 memo he
pledged to invest up to $1 billion in Ukrainian businesses, but no other
Ukrainian holdings have since been reported.
His Latest Success: the European Refugee Crisis
Soros’s
agenda is fundamentally about the destruction of national borders. This has recently
been shown very clearly with his funding of the European refugee crisis.
The
refugee crisis has been blamed on the civil war currently raging in Syria. But
did you ever wonder how all these people suddenly knew Europe would open its
gates and let them in?
The
refugee crisis is not a naturally occurring phenomenon. It coincided with OSF
donating money to the US-based Migration Policy Institute and the Platform for
International Cooperation on Undocumented Migrants, both Soros-sponsored
organizations. Both groups advocate the resettlement of third-world Muslims
into Europe.
In 2015,
a Sky News reporter found “Migrant Handbooks” on the Greek island of Lesbos. It
was later revealed that the handbooks, which are written in Arabic, had been
given to refugees before crossing the Mediterranean by a group called “Welcome
to the EU.”
Welcome
to the EU is funded by—you guessed it—the Open Society Foundations.
Soros has
not only backed groups that advocate the resettlement of third-world migrants
into Europe, he in fact is the architect of the “Merkel Plan.”
The
Merkel Plan was created by the European Stability Initiative whose chairman
Gerald Knaus is a senior fellow at none other than the Open Society
Foundations.
The plan
proposes that Germany should grant asylum to 500,000 Syrian refugees. It also
states that Germany, along with other European nations, should agree to help
Turkey, a country that’s 98% Muslim, gain visa-free travel within the EU
starting in 2016.
Political Discourse
The
refugee crisis has raised huge concern in European countries like Hungary.
In
response to 7,000 migrants entering Hungarian territory per day in 2015, the
Hungarian government reestablished border control in order to keep the hordes
of refugees from entering the country.
Of course
this did not go down well with Soros and his close allies, the Clintons.
Bill
Clinton has since come out and accused both Poland and Hungary of thinking
“democracy is too much trouble” and wanting to have a “Putin-like authoritarian
dictatorship.”
Seeing
through Clinton’s comments, Hungarian Prime Minister Viktor Orbán responded by
saying, “The remarks made about Hungary and Poland … have a political
dimension. These are not accidental slips of the tongue. And these slips or
remarks have been multiplying since we are living in the era of the migrant
crisis. And we all know that behind the leaders of the Democratic Party, we
have to see George Soros.”
He went
on to say that “although the mouth belongs to Clinton, the voice belongs to
Soros.”
Soros has
since said of Orbán’s policy toward the migrants: “His plan treats the
protection of national borders as the objective and the refugees as an
obstacle. Our plan treats the protection of refugees as the objective
and national borders as the obstacle.”
It’s hard
to imagine that he could be any clearer in his globalist intentions.
The Profit Motive
So why is
Soros going to such lengths to flood Europe with hordes of third-world Muslims?
We can’t
be sure, but it has recently come to light that Soros has taken a large series
of “bearish derivative positions” against US stocks. Apparently, he thinks that
causing chaos in Europe will spread the contagion to the United States, thus
sending US markets spiraling downward.
The
destruction of Europe through flooding it with millions of unassimilated
Muslims is a direct plan to cause economic and social chaos on the Continent.
Another
example of turmoil equaling profit for George Soros, who seems to have his
tentacles in most geopolitical events.
We all
understand correlation is not causation. However, given Soros’s extraordinary
wealth, political connections, and his long track record of seeing and
profiting from chaos, he is almost certainly a catalyst for much of the
geopolitical turmoil now occurring.
He is
intent on destroying national borders and creating a global governance
structure with unlimited powers. From his comments directed toward Viktor
Orbán, we can see he clearly views national leaders as his juniors, expecting
them to become puppets that sell his narrative to the ignorant masses.
Soros
sees himself as a missionary carrying out the globalist agenda taught to him by
his early mentors. He uses his vast political connections to influence
government policy and create crises, both economic and social, to further this
agenda.
By all
appearances, Soros is conspiring against humanity and is hell-bent on the
destruction of Western democracies.
To any
rational thinker, some global events just don’t make sense. Why, for example,
would Western democracies take in millions of people whose values are
completely incompatible with their own?
When we
look closely at the agenda being actively promoted by the leading globalist
puppet master, George Soros, things become a little clearer.
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On Soros & Gold
David,
again.
While I’m
not a conspiracy theorist per se, I do believe there is a naturally occurring
and constant collaboration about shared interests occurring amongst the heads
of governments, corporations, investment managers and all of the bottom feeders
that survive off their scraps.
What I
find most interesting about Soros is that he is so obvious in his intentions
and persistent in their pursuit. Given the consequences of his actions, it is
also clear he’s a believer in moral relativism and that the ends justify the
means.
That he
turns a nice buck in his crusade for what certainly rhymes with a one-world
government is a Soros hallmark.
“It
allows me the money needed to fund my philanthropies” he might answer to the
charges he is profiting from blood in the streets he was instrumental in
spilling.
Going
forward when something big is happening geopolitically, I am going to start my
analysis by checking under rocks for signs of Soros.
At the
beginning of this article we noted that Soros has gone big into American
Barrick (ABX), a leading gold producer. As of the end of March it was his
single largest holding at 7.36% of his overall portfolio.
As
telling, he has dumped a lot of his more conventional stocks in recent months.
Given the
man’s inside track – and active manipulations – you might want to take the hint
and pick up some physical gold as an insurance policy against a systematic
shock.
If you
already own gold, I probably wouldn’t chase it here as it has had a good run of
late. Ditto silver which is up 46% year to date. But if you don’t own some,
adding precious metals to your portfolio as a long-term holding, even at today’s
prices, makes sense.
Per last
week, I continue to believe the gold stocks have probably gotten ahead of
themselves and could be in for a pretty significant correction. If so, I would
be inclined to up my allocation to the sector to 20% of my total portfolio.
That
said, no one can predict the future and gold could continue to power ahead,
with the gold shares a more leveraged way to play the sector.
As always
with gold shares, it is important to remember a few things:
- In most cases, these are
speculations.
That’s because their financial metrics often don’t line up with anything
looking like a good value. What you are really betting on is a revaluation
of the ounces of gold or silver a company is sitting on. Thus, if a company
is sitting on one million ounces of gold and gold goes up by $100, the
company just got a lot more valuable.
- Never fall in love with a gold stock. Set a rational return goal and once hit, at least scrape your original investment off the table. That way you are playing with the casino’s money.
Also per my article last week, keep in mind that
should gold stocks buck the trend in a future global equities correction, the
money managers who own big positions in gold stocks will almost certainly dump their
holdings in order to dress up the rest of their portfolios. As the trading
volume in precious metals share is relatively thin, you want to beat them out
the door.
- Embrace the volatility. The low trading volume of most of these stocks is a key reason they have such explosive upside. Any significant uptick in investor interest can send a stock soaring.
However, the flipside is also true. In the bear
market that started in 2011, the majority of the precious metals stocks lost
upwards of 75% of their value and many simply dried up and went away. Enjoy the
ride, but don’t stay too late at the party.
Earlier
this week I commented to a friend that if the EU was going to remain relevant,
there had to be some major financial pain dished out post-Brexit. To let that
seminal event pass with nothing more than the equivalent of a global shrug
would entirely change how people view the European Union.
The
bottom line, I’m expecting some volatility, perhaps triggered by Soros taking a
second run at crushing the British pound, the source of much of his fortune and
fame.
It’s
promising to be a long, hot summer.
Here Come the Clowns
Nothing
comes close to the Get Out of Jail card handed by the clowns at the FBI to
Hillary over her private email servers. This despite pretty much no one
disputes she broke any number of federal laws of the sort which would have
landed a lesser clown in jail.
To quote
FBI Director James Comey, “Although there is evidence of potential violations
of the statutes regarding the handling of classified information, our judgment
is that no reasonable prosecutor would bring such a case.”
There is
nuance in that statement. For starters, that there is evidence of violations.
But also the stark political reality that no “reasonable prosecutor” would enforce
the laws, considering who the perp is: the standard bearer for the Democrats
going into this election.
Besides,
going after Clinton means crossing swords with Soros and no “reasonable
prosecutor” would want to do that.
Just
saying…
Zero Hedge
July 21, 2016
July 21, 2016
Soros the Billionaire says the EU must take in hundreds of thousands of
refugees a year, spend at least 30 billion euros (a minor
sum, since he believes it can all be financed by debt and taxes) or Europe faces an “existential threat.”
Read on…………