The Soros Loophole

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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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  • tanstaafl

    "Very clever, Mr. Bond, but not clever enough!"

  • koran kid

    Wide of the mark. He bought off S&P, and shorted the markets. Big payday for Barry and his circle of loyal left leaning rich friends like Buffet. Command and control response to mess they made. Climate change ponzi and election rigging reserves full again, along with massive ad budget. Barry Two Terms, and three on the trot for the leftists unless someone can talk Trump and Palin into running on a practical ticket in 2016 to save us from a repeat of the 20th century, and perhaps totalitarian victory this time round. It's the only hope. Unless you've got a metaphorical heroine filled banana up your sleeve, in which case, you take out Barry's Blofeld, and I'll use satirical smoke and mirrors to whack Schwarz's Scaramanga! But we'll have to be patient. Wait until this time next term, and both mobsters will be in our sights. These are not the kind of guys you want to wound at the wrong time!

  • rbla

    The Democrats are always bleating about taxing the wealthy. So here is how we do it. We start by putting a steeply progressive tax on currency speculators and make it retroactive 40 years; I would say a 99% rate would be sufficient. The fun will be watching the wealth redistribution Democrats as they try to duck this one. Unfortunately the Republicans are either too stupid to counterattack with such strategies or else are also on the "take".

  • sedoanman

    Reporter: "As a businessman, how do you justify being involved in politics?"

    Businessman: "As a businessman, I must get into politics or get out of business."

  • tanstaafl

    "Time wounds all heels." – Robert A. Heinlein

  • Joey H.

    George Soros also funds John McCain's Reform Institute. I believe that Soros helped to pick Obama's Republican opponent in 2008 to insure Obama's election. Everyone should be alert to the same strategy in 2012.
    Conservatives should be wary of George Soros trying to pick the Republican opponent.

    • alexander

      our GOP is just a bunch brainless neanderthals (except new Tea Party)

  • Nora bee

    there should be some sort of asset forfiture law passed for speculators like Soros who leave trashed economies and destitution in their wake. The forfited assets should be designated to reduce the antional debt. Soro's 14 billion in assets would make a dent, albeit a small dent, in our national debt.

    • Sandy

      Well said! I wonder why nobody ever adds what he did to Italy to his list of trashed economies, only a couple of months after "breaking the Bank of England". His manoeuvers made our currency collapse and enabled him and countless other buyers to snap up Italian companies for a fraction of their actual worth.

  • Sound&Fury

    Not only is Soros' hypocrisy mindboggling, his supporters' hypocrisy is tolerated only because of a compliant media. They rail against the Koch brothers even as they take money from this man. It is disgusting, but business as usual for the left.

  • BLJ

    Soros is a tool.

  • johnnywoods

    It is hard to believe that no one has assassinated that nazi bastard. He should be in Hell with Adolph Hitler.

  • jts

    You forgot where his fund is locacted, Curaçao, a tax haven (trading and research are in NY). He is an enabler of rich people not paying taxes

  • stonefellow

    It is predicted that any agency managed by Barak Obama will not go after George Soros, his main benefactor. So much for transparency, truth, and ethics.

  • BS77

    I can't help but seeing Soros holding his little white cat like #1 in the James Bond movies…

  • mrbean

    Soros is what he is. A meddler and a crook.

  • Irish Bendt

    Well said Travis. Jessica said you may be going to post something. I am disappointed in Jessica for not introducing us before you went to Southern. However, I realize that we are all three very busy and the time may not have presented itself. The next time you are in town and have time for lunch, call or e-mail and I would love to treat you to a meal and talk Seminary with you.God Bless!