Hi,
Remember way back when I said I was exploring the importance of Economics with you. Well, I still am and now we have an interesting mystery that needs solving.
How did a man named GEORGE SOROS become a major political donor and become involved in the economics of the United States??????????He was born in Budapest, Hungary on August 12, 1930 and went to the London School of Economics. He is currently categorized as an entrepreneur, currency trader, investor, and political activist. Evidently he has been particularly POLITICALLY ACTIVE in AMERICA and currently is seeking political assistance from our government with exploration for Brazilian oil.
He has spread money around liberally as George Soros whose family was originally Schwartz and he was born a Hungarian Jew. Is he a citizen of the United States?????????I find no evidence of that. He evidently worked in Wall Street firms until the 1970s after his emigration to New York City. He then co-founded the Quantum Fund with partners that created the bulk of his wealth.
That wealth in 2010 was listed in Forbes as 14 billion. He is listed as the 14Th richest person in the United States and the 35Th in the world . Much of that wealth he owes to the benefit of our stock market. Today, Soros' profits are in speculative trading world-wide and in 1992, he was classified as "the man who broke the bank of England" on "Black Wednesday."
Soros has written a number of books predicting the collapse of markets including one in 2008 "The New Paradigm for Financial Markets" when he described a "super bubble" that had built up over the 25 years and was ready to collapse. It was the third book predicting the CURRENT CRISIS that our FINANCIAL GURUS failed to read. They thought that since the first two books were considered "crying wolf", they could continue to ignore reality.
In 2009 Soros said that the world financial system had effectively collapsed and was placed on "life support" and there's no sign that it is anywhere near the bottom. Recent financial news has emphasized that point. Hey, remember what I said about learning from our friends AND ENEMIES??????????
Soros has been PARTICULARLY politically and economically active here since 2004 because of his hatred of George W. Bush (THE REASON? MONEY?????) and is still involved IN BANK ROLLING OUR CANDIDATES IN BOTH PARTIES. He has a history of financial involvement across the world such as the French Bank scandal going on since 1989.
He contributed heavily, according to Internet sources, to Barack Obama's campaign. But he also contributed to John McCain and a number of other Republicans. He has funded a number of NGOs (NON GOVERNMENTAL ORGANIZATIONS) registered and unregistered. Clearly a sort of government within governments in various countries. (More on these in another issue).
Is Soros a Communist?????Well, NOT SURPRISINGLY he was influential in the collapse of communism in Eastern Europe and he is said to support pro-democracy (whatever that NOW means) and pro-transparency in eastern Europe as well as here. His NGOs were used to carry out his goals in the Ukraine and Georgia and NGOs in Russia can no longer take money from foreigners after the debacle Soros caused there. Fines against his NGOs have halted them in a number of places and he calls them part of a campaign to "destroy independent society".
Is Soros a lover of the FREE MARKET SYSTEM??????? NOT SURPRISINGLY, he blames the United States current free market system of financial speculation (how he made most of his billions) on undermining healthy economic development in underdeveloped countries and calls 'market fundamentalism's reason for the failures. There is some speculation as to how heavy a hand he had in encouraging Hedge funds and what he profited. He sees the United States as "the main obstacle to a stable and just world order" and says that our "over-consumption" is over in light of the present financial crisis.
He is a self described "stateless statesman" who uses his billions to influence governments such as America's toward his desire for what was once called "ONE WORLDISM". Soros has developed in our country (and others) a SHADOW PARTY to carry out his goals. Those goals were originally based on his early economic studies in England with the philosopher, Karl Popper, who taught him the concept of "the open society". The open society theory was to be used as a "test and evaluation" and was followed by many of the western powers, especially regarding social reform and as an approach to societal engineering.
The former United States Federal Reserve Chairman Paul Volcker (and I question his ethical values) wrote the foreword to Soros' book "The Alchemy of Finance" that described Soros' actions as "devoted to encouraging transitional and emerging nations to become 'open societies'; open not only in the sense of freedom of commerce but-more important-tolerant of new ideas and different modes of thinking and behavior."
Soros beliefs in economics focus on the concept of reflexivity. This is based on the idea that the biases of individuals are part of market transactions and potentially change the perception of the fundamentals of the economy.IN LAYMAN'S WORDS: MAGICAL BELIEFS DO NOT CO- EXIST WELL WITH REALITY.
Thus such transitions typically result in disequilibrium (OUT OF BALANCE) rather than equilibrium (IN BALANCE) so that 'efficient market hypothesis' doesn't apply and markets either overshoot or undershoot the goal. The scandalous housing crisis is a perfect example of this theory. Soros blamed the market's "MOODS', IE: the bias of optimism/pessimism for reinforcing a market trend that eventually proved to be unsustainable and self-defeating as in the mortgage crisis.
Soros appears to have his hand in so many countries world-wide that one wonders how a man of eighty manages to keep track of them all. His philosophy of modern life is not a popular one though completely practical based on his vision of reality. In fact in former days, he would have been seen as a pragmatist who bases his philosophy on the real world and reality as he envisions it.
Since Soros is all over the world interfering in other people's business in order to promote his own interests and his theories of how the world should be run, I find him to be HIS OWN WORST ENEMY. His ideas have propelled the world into situations that will likely explode in turmoil and war and end up alienating people from each other. You cannot conduct open society or one-worldism in a hostile environment without violent conflict so that the likelihood of change proves futile within that hostile environment. People retreat into their own vantage points and ideals and close out new ones. The sooner Soros' belief in euthanasia includes his own, the better off the world will become.
I do not like HIDDEN HANDS stirring my pots of STEW so you know what where I stand.
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