June 7, 2008 (LPAC)--The spectacle of George Soros warning about the dangers of a speculative bubble in oil is highly amusing, given the fact that Soros himself is largely a creature of the British-run oil spot market scheme. Soros got his start as a currency speculator, a role which would not have been possible had not President Richard Nixon, under the sway of British agent George Shultz, ended FDR's Bretton Woods system of fixed currency rates in 1971. Furthermore, as a fund manager, Soros depended upon the money of others, and that money came largely from the networks around the Rothschild banking apparatus and, according to our sources, the British Royal Family. Far from being a self-made man, he is a facade, a face behind which the imperial dirty money specialists can operate out of the public eye.
Soros displayed his severe character defects as a young man in Nazi-occupied Hungary, when, a Jew himself, he helped the fascists confiscate the estates of wealthy Jews. He moved to Britain in 1947 to escape the Soviets, and during the early 1950s studied at the London School of Economics, where he was molded into an imperial stooge. After an apprenticeship at the City of London merchant bank Singer & Friedlander, Soros moved to the U.S. and became an arbitrager and analyst on Wall Street, then spent a decade at Arnhold and S. Bleichroeder, where in 1969 he headed his first fund. Thus trained, he left Bleichroeder and created his own Quantum Fund, in 1973.
The timing of this move is indicative of the way Soros's career has been shaped by his controllers, as 1973 was also the year of the first great oil hoax and the creation of the spot market in crude oil, the predecessor to today's futures markets. The spot market was designed to allow financial speculation in oil prices, and resulted in huge pools of dollars--often called petrodollars--piling up in the banks of the City of London, Switzerland and other banking centers. A portion of those petrodollars, along with narcodollars and other hot money, was directed into the coffers of Soros Fund Management.
Soros's big break came in 1992, when he bet heavily against the British pound and won, making a reported $1 billion or so when the pound fell and was taken out of the European Community's Exchange Rate Mechanism. Soros was lionized as "the man who broke the pound" and "the man who broke the Bank of England," but the reality behind the myth was far different: the operation was actually run by the Bank of England, the Federal Reserve, and several big--and quite bankrupt--banks. The operation served the Brits by pulling the pound out of the ERM, and the profits from this market manipulation helped bail out the bankrupt banks. This type of currency warfare would become a Soros specialty, most notably in the raids against the Asian currencies in the late 1990s.
Throughout it all, Soros acted as a public face of globalization, pushing the concept of deregulated "free" markets in the countries of Eastern Europe, Asia and elsewhere. His Open Society operations were nests of British agents, pushing the Anglo-Dutch Liberal system upon emerging nations and helping open those nations up for imperial looting. Far from supporting freedom, Soros was helping to turn hopeful nations into virtual colonies of the British Empire.
In September, 1998, with the global financial system on the edge of collapse again due to Russia's assertion of its sovereignty around the GKO bonds and the panic that put into the derivatives market--bankrupting LTCM among other effects--the central banks responded with what Soros himself called a "wall of money." Orders went out to jump-start the system at all costs, and it was this approach, combined with the hoax known as Y2K, which led to the creation of the Nasdaq tech-stock bubble in 1999 and early 2000.
Soros's funds played a major role in the tech bubble. In 1999, his $10 billion Quantum Fund was down five percent for the year through the first ten months, yet managed to end the year up 32 percent, a period coinciding with the worst of the Nasdaq frenzy. The Nasdaq continued its meteoric rise into 2000, allowing the insiders to sell out into the rising demand in tech stocks, and then in March, the bubble burst and the Nasdaq , falling by 20 percent in a month and by 50 percent by the end of the year.
After the Nasdaq plunge, Soros declared that the days of the giant funds were over and restructured his operation, and began to turn more of his attention to his political warfare operations. However, in the summer of 2007, with the global financial system collapsing, Soros was activated once again, as the British moved to take advantage of the crisis. For the year of 2007, according to the hedge fund trade publication Alpha magazine, Soros's $17 billion Quantum Endowment Fund reported a return of nearly 32 percent in 2007, and he personally made $3 billion.
What, exactly, Soros did to "earn" that return is unclear. In Congressional testimony last week, Soros emphatically denied reports that he had been speculating in oil himself. We don't know whether he does or not, but we do know that this period coincides with a sharp escalation in the price of oil, and that there is no reason to believe anything Soros says. This period also coincided with huge flows of money--legal and otherwise--into the pockets of government officials to head off any attempts at re-regulating the financial system. Soros openly funds extensive political operations within the liberal spectrum and the Democratic Party, and as a British agent, some of his actions represent foreign influence in the U.S. political process and electoral campaigns.
In evaluating the role of Soros, it is useful to keep in mind that corruption and chaos within nation-states serve the goals of the British Empire, and Soros's activities should be evaluated in that light. The British policy is genocide, and George Soros is a tool of that policy.
