Showing posts with label Hedge Funds. Show all posts
Showing posts with label Hedge Funds. Show all posts

Saturday, November 13, 2010

Who is George Soros?


Glenn Beck: Making of the Puppet Master
[...] Who is George Soros? And is he involved in the changes in our country? And if he is and if he is using his money to greatly influence our country, why don't I know about it? And do I agree with him? Maybe you do.

George Soros had a rough childhood. He was born in Hungary in 1930. Not the place you wanted to be in 1930, especially if you were a Jew. His mother was wildly anti-Semitic.

Again, for anybody who is crying, you know, is this some sort of anti- Semitic attack on George Soros? No, it's not. I'm not calling his mother an anti-Semite. George Soros did. Those are his words, not mine.

Quote, "My mother quite anti-Semitic and ashamed of being Jewish. Given the culture in which we lived, being Jewish was a clear-cut stigma, a disadvantage, a handicap. And therefore, she always had the desire to transcend it, to escape it."

That is pretty powerful in a child's life.

Both of his parents were non-practicing Jews. His real family name was not Soros. It was Schwartz. But what would you do if you lived in Hungary in the 1930s and '40s? Would you keep the name Schwartz?

When George was six years old, the family changed the name from Schwartz to Soros. Now, at first, it just makes sense on the surface because you're like, OK, well, of course, they're trying to stay alive. There were mad men rounding you Jews up.

But when you look at the name Soros, it's an obscure name. What does it mean? Where did it come from? Well, it means to soar.

More importantly, it derives from Esperanto, which is a made-up trans- European language that started I think in the 1880s. And it was promoted by those who dreamt of a world free of nationalities. Get it? A world free of nationalities, an open society.

His father was very much into this. That's how they picked the name Soros.

So when George Soros was 14, his father basically bribed a government official to take his son in and let him pretend to be a Christian. His father was just trying to keep him alive. He even had to go around confiscating property of Jewish people.

Now, imagine you are Jewish and you have to go and confiscate the property of your fellow Jews. And you are pretending to not be a Jew and if anybody finds out, you're dead. He actually had to endure watching people sendoff to their eventual murders, watching people gathering their stuff, sending them off knowing that they were going to go to their death.

What does that do to somebody? How do you deal with that? How many years of therapy would somebody need after something like that?

This is where George — I think this is important — this is where George Soros first learned to pretend to be something other than who he was. He had to.

I am not blaming or questioning a 14-year-old or his parents for trying to keep him alive, trying to keep the family alive. I don't think anyone can understand what it must have been like to be Jewish in that scenario. Can you? Especially 14.

I don't want to question the 14-year-old. I would have, however, like to question the 80-year-old man who has never once said he regretted it. But more than that, he views it as the happiest year of his life — again, not my words, his words. Listen:

(BEGIN VIDEO CLIP)

SOROS: It was actually probably the happiest year of my life, that year of German occupation. For me, it was a very positive experience. It's a strange thing because you see incredible suffering around you and the fact you are in considerable danger yourself. But you're 14 years old and you don't believe that it can actually touch you. You have a belief in yourself. You have a belief in your father. It's a very happy-making exhilarating experience.

(END VIDEO CLIP)

BECK: I don't think I've ever heard anybody describe the Holocaust years like that. Maybe he's the most healthy man you've ever met. Maybe somehow or another he just got through it.

But he also has spoken how his experience in Hungary has effected his psyche. Listen to this.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Did anybody tell you in Hungary why they didn't like Jews at the time?

SOROS: Oh, yes. And that, of course, is something again very, very much part of my psyche, anti-Semitism, and, you know, hatred of Jews. It was quite widespread within Hungary.

(END VIDEO CLIP)

BECK: Even to his own home. I mean, I would love to spend an hour — he's not going to come on this program and spend an hour with me. And we'd have bigger fish to fry than this, but I would love to understand how it affected his psyche having his mother basically agree apparently — I don't mean to judge — with the Germans on the hatred of Jews being anti-Semitic in his own home. How has he navigated that?

I'm not going to spend the time. I had invited George Soros to come on this program. He has declined.

We have bigger fish to fry, like how does he view the world? It sure would be interesting to explore how this affected his feelings on Israel, which he does not support. He donates so much money to organizations that speak out against Israel. Some stick out more than others on the donations. But is there any connection there?

I'm going to concentrate on the fact I think the lesson he learned in the horrific year of 1944 was that if you hide your true identify, you can gain power, you can survive. And those who are seen as disadvantaged or handicapped and don't hide their identity — well, they don't survive.

The next formulative step in Soros' life was college. Now, this is where he attended the London School of Economics. Now, this is the same school that Hayek was from. He wrote "Road to Serfdom." This is freedom fighter.

But it's also the school where the Fabian socialists hung out, a Fabian socialist university. You remember — the Fabian window we told you about. This is the famous English Fabian society. We took this picture — actually, Blair was standing here with it.

Fabian socialist — what are they doing? They're heating the world up in the fire that they, themselves are stoking. Why are they heating it up? Because they are about to hammer it and remold it nearer to the heart's desire.

Fabian socialists are the American progressives. It's the same thing. Heat the world up, cause the problems so the world heats up so you can remold it.

So which part of the London School of Economics does Soros favor? The Hayek side or the Fabian side? Which one? [...]

It goes on to say a lot more. Soros' education, where he gets his money from, and what he's doing with it. Much of this I knew, but some of it I didn't. Beck pulls it all together nicely. The information about Soros' Hedge funds was interesting, in light of what I've posted previously about Bill Clinton and Hedge Funds:

Hedge Funds, Democrats & the Financial Crisis

Democrats. Soros. Hedge Funds. Is it any wonder Soros owns the Democrat party? Birds of a feather, invest together. And these are some dirty hedge fund birds.


Also see:

Glenn Beck is Airing the Dirt on George Soros

What's Wrong with Hedge Funds?

F. A. Hayek: The Road to Serfdom

     

Monday, August 02, 2010

Hedge Funds, Democrats & the Financial Crisis

While posting about the Chelsea Clinton Wedding, I came across some links about Clinton/Democrat corruption, and our current financial crisis. Here are some of the more interesting bits:

Bridegroom's Father is Ex-Congressman & Convicted Felon
[...] It Runs in the Family

Edward Mezvinsky was convicted of fraud for shady business deals that had prosecutors calling him a "one-man crime wave." Prosecutors claimed that in 20 years of doing business between 1980 and 2000, every single deal he consummated displayed aspects of fraud. After his indictment in 2001, he pleaded guilty to 31charges of bank fraud, mail fraud, and wire fraud. He tried to raise a defense of diminished capacity due to his suffering from bipolar disorder, but the judge disallowed it.

His rip-off of almost $10 million got him seven years in the hoosegow. Ed Mezvinsky got out of the federal lock-up in 2008. By then, his son Marc was dating Chelsea Clinton. Both children of politicos attended Stanford University in Palo Alto, California, where they studied finance. They became friends at Stanford, and the friendship ripened into a romance sometime around 2007.

Post-Palo Alto, while Marc decided to enter the more venerable profession of investment banking, Chelsea opted to join a hedge funds. She eventually got a job with the Avenue Capital Group, big campaign donors for both her parents.

Hedge funds as they are now constituted were illegal from 1933 to 2000, as their type of activity was outlawed as it was considered as destabilizing speculation that helped cause the Great Depression. In the year 2000, her papa bear Bill Clinton turned his back on 67 years of proven financial regulation and signed a bill legitimating speculation. Mama bear Hillary was running for the U.S. Senate in the State of New York, Moloch's Big Town, and needed the big bucks from the free-booting financiers.

Baby bear Chelsea is doing very nicely as one of the parasitical class that has turned the United States into an economic and financial casino. A "casino" economy and stock market is a state of affairs which economists considered to be the antithesis of a well-managed economy well into the 1990s, when the hustlers took over and began to brazenly rule the roost. [...]

Of course, you aren't hearing any of this from the MSM, as they gush, and gush, and GUSH over the $3,000,000 dollar Clinton wedding. After all, as they keep telling us, the Clintons are political ROYALTY. And isn't that what America's all about? Worshiping Royalty?

Unfortunately, the corruption continues. Lest you think this is all in the past, it's tentacles most definitely reach into the present:

The Soul of the Democratic Party Sold
[...] Hedge funds have been major financial backers of Democratic candidates ever since Bill Clinton made like Abe Lincoln, the Great Emancipator, and set them free. Chelsea's mother Hillary received mucho hedge fund loot during her 2008 bid for the Democratic Presidential nomination. Hedge fund managers hedge their bets, and they also heavily backed Barack Obama, who rewarded them with a watered down "financial reform" bill that left hedge funds unmolested and hedge fund mangers' incomes taxed at the lower capital gains tax rate.

Former Goldman Sachs trading desk honcho Rahm Emmanul is President Obama's chief of staff, whilst his recent Supreme Court nominee, Elena Kagan, worked as a paid "adviser" to the financial power house. Goldman Sachs is what J.P. Morgan and the House of Morgan and Paul Mellon and the Mellon Bank were to Republican Administrations in previous years, the marionette master who pulls the strings.

As predicted by naysayers, within seven years of Clinton legitimating financial speculation, hedge funds and other speculative financial schemes helped bring the U.S. economy back on its knees in the worse political catastrophe since the Great Depression.

Since it was Bill Clinton's "centrist" Democratic Leadership Council that sold the soul of the Democratic Party to Wall Street, it is fitting that Chelsea Clinton should be marrying the son of a convicted felon who works for the titan of Wall Street, a firm that engages in legal robbery. It recently got off easy from double dealing in the subprime mortgage market with a half-billion-dollar fine. [...]

Remember when the Goldman-Sachs executives were hauled before Congress to testify? It was just a dog-and-pony show for the cameras. Sachs went along with it, and in return were basically getting a bail-out.

Bill Clinton's administration occurred during one of the most prosperous times in American history, but he had little to do with it. He was riding the coattails of prosperity set into motion by previous Republican Administrations. Clinton's spending was held in check by a Republican dominated Congress, so Clinton didn't over-spend. Where the Republican's failed, was in going along with Clinton's "Centrist" financial reforms and his expansion of the Community Reinvestment Act in 1997, which was then used by "activists" and "community organizers" (like Obama?) to coerce lending institutions to make millions of bad loans.

When there were signs that the melt-down was coming, some Republicans tried to make corrective reforms, but they were blocked by Democrats. Thus, the inevitable happened.

Now, what can we do about it? Remember in November.


Also see:

The roots of the financial crisis