Soros would never allow regulators to examine his exotic investment schemes or his unorthodox financial strategies. Such oversight might give the government early warnings of his upcoming shenanigans.
Remember that Soros profits from economic destruction.
He was convicted of insider trading in France in 2006. He has caused havoc worldwide with his currency bets. For example, he “broke” the Bank of England in 1992 by shorting the pound. Although he earned more than $1 billion in the process, his sneaky maneuver cost British taxpayers £3.3 billion.
In Britain, the Daily Mail just published an article indicating that Soros may have earned $10 billion on Friday by making a $1 billion bet that U.S. sovereign debt would lose its triple-A rating.
And Soros’s hypocrisy is breathtaking. While profiting handsomely from capitalism, Soros sings the praises of European-style socialism and says it’s “exactly what we need now.”
“The system we have now has actually broken down, only we haven’t quite recognized it and so you need to create a new one and this is the time to do it,” Soros said as he created the Institute for New Economic Thinking (INET) in 2009 with a $50 million endowment.
The purpose of INET, in his own words, is to develop “a grand bargain that rearranges the entire financial order.”
Soros also lauds the brutal totalitarian efficiency of the Communist regime in China and wants the People’s Republic to replace America as the world’s superpower. “Today China has not only a more vigorous economy, but actually a better functioning government than the United States,” he said last year.
In one sense, he’s right. If he pulled one of his economy-collapsing stunts in China, the authorities would waste no time putting him in front of a firing squad.
But in America Soros’s economic troublemaking earns him invitations to the Obama White House.
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