Saturday, February 27, 2010

The Benefactor of the Left

The left often mentions funding from right-wing billionaires as proof Republican candidates are bought off, tainted, questionable, untrustworthy, and perhaps a bit smelly.

Flip it around, and it doesn't bother the left that George Soros funds several organizations that in turn support or run candidates against moderate Democrats, organizations that get Obama to speak to them, and Hillary to acknowledge them.  So why the double standard?

George Soros should have been imprisoned or at the very least, sunk with one of his yachts years ago.  The man has made his wealth off of destroying the economies of various countries.  Whether Indonesia, Russia, or Britain - the guy ruins their financial center, invests in their demise, they weaken, he makes billions, and walks away.  This is the sort of guy to champion?  The sort of guy to invite to the White House.  While Scaife may well hold views on the opposite side of the universe from Soros, Scaife has not made his wealth on the downturn on several countries where the poor do even worse, and government revenues are not enough to pay the bills, and the poor suffer even further.  Soros doesn't mind.  He just minds when it is Bush in office - then suddenly the poor are important.



Man who broke the Bank of England, George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'

By Karl West

27th February 2010
The Daily Mail

A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro.

Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports.

A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented.

At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar.

The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland.

But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.

The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros

Fund Management, warned in a newspaper article that the euro could 'fall apart' even if the European Union can agree a deal to shore up support for stricken Greece.













Soros

Make Mine Freedom - 1948


American Form of Government

Who's on First? Certainly isn't the Euro.