When George Soros pulls out the stops and starts investing in a big way, it’s time for conservatives — for all Americans, really — to get ready for serious incoming.
Not only does Soros spend lavishly in support of ultra-liberal candidates, campaigns and causes, he also invests heavily in currencies and countries heading toward a financial fault line. The bigger the money quake, the more Soros makes.
And as MarketWatch.com reports, Soros is back in the game, returning to trading, “lured by opportunities to profit from what he sees as coming economic troubles.”
The 85-year-old immigrant from Hungary has made his billions as chairman of Soros Fund Management, a hedge fund company. He wins when massive economies lose, amassing his immense wealth in large part by selling short against international currencies and collapsing financial institutions.
In 1997, he was dubbed “the man who broke the Bank of England;” and he was blamed by the Malaysian Prime Minister for collapsing their currency during the Asian financial crisis. He was also convicted of illegal financial dealings in France.
Even far-left economist Paul Krugman has been critical of Soros and others like him, “who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is ‘Soroi’.”
As MarketWatch notes:
Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.
Soros Fund Management LLC, which manages $30 billion for Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.
Soros is a large contributor to the super PAC backing presumptive Democrat nominee Hillary Clinton and has donated to other groups supporting liberals and their policies that often weaken, or are punitive or, free-market capitalism. Possibly it’s because he rakes in the dough when capitalist economies falter that Soros is so willing to back with his bucks those leftists who pave the way for his profiteering.
The Washington Times reported in January of last year that Soros was actually funding the prolonged civil unrest in Ferguson, Missouri, following the police shooting death of black teenager Michael Brown. High-profile disruptions such as the rioting, looting and arson that gripped Ferguson might help to create an atmosphere of instability — the very instability that tends to support Soros’ ability to make money off of mayhem.