Geroge Soros - His Financial History by LegionZ411


									George Soros: Quantum Fund
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                                George Soros, the founder of the Quantum Fund, is one of the
                                most successful hedge fund investors ever. A $100,000
                                investment in his fund when he started in 1969 would've been
                                worth $150mm by 1994. Soros's most famous investment was
                                when he "broke the bank" in England by betting billions against
                                the British pound on "Black Wednesday" in 1992. Forbes has
                                Soros ranked at 27 in its "richest in America" list with a net worth
                                tipping the scales at $8.5bb.

George Soros, the financier promoting "open societies," provoked a heated debate by saying
that Kazakhstan was facing the harsh choice of either pursuing its authoritarian course or taking
the road toward genuine democracy. According to Soros, rampant corruption, restrictions on civil
liberties, and the draconian laws on non-governmental organizations and extremism currently
being debated in parliament signal Kazakhstan's retreat to "Uzbek-style" authoritarian methods of
securing public order. He said it would be more judicious for Kazakhstan, in order to avoid the
Uzbek path to bloodshed, to evenly distribute public wealth among the population, including profits
from the oil business (Delovaya nedelya, June 17). The criticism from Soros came as a surprise,
as the business conference was expected to focus on global investment opportunities in
Kazakhstan. But due to a combination of adverse circumstances, it coincided with the
parliamentary debate over the draft law that makes it mandatory for non-profit and international
organizations to notify the authorities about planned public events, conferences, and rallies 10
days in advance. Additionally, the draft law insists that representatives of local governments and
law-enforcement authorities must be present at events held by non-profit organizations. Just
before the international business conference opened, legislator Tokhtar Nurakhmetov called on
Foreign Minister Kasymzhomart Tokayev to address the problem of non-profit organizations
"funded by the U.S. Embassy and OSCE" interfering in Kazakhstan's internal affairs (Yegemen
Qazaqstan, June 16). It is obvious to everyone what political factions stand behind Nurakhmetov,
whose name had hardly been mentioned before in parliamentary debates.
George Soros is facing new, possibly criminal investigations into his hostile hedge-fund-
centered speculation against Asian currencies and stock markets. Despite the best efforts of the
mouthpieces of Wall Street and London to spiff up his public image, as the contagion of Soros-
style financial hit-and-run attacks spreads to Taiwan and Hongkong, and continues to devastate
the weakened nations of Southeast Asia, these nations are aggressively organizing, bilaterally,
regionally, and internationally, to put this looting on the agenda of every major intemational
meeting through the end of 1997.
Money managers like Warren Buffett, George Soros and Richard Aster have consistently beat
the market over extended periods of time. Warren Buffett, from 1965-2005, has produced an
annual average return of 21.5%, which is double the return of the S&P 500 - including dividends -
over the same period of time. George Soros - the man that broke the Bank of England - generated
an annual return of 30% through his Quantum Fund from 1970-2000, nearly three times the
average return of the S&P 500.
Democracy: George Soros is known for funding groups such as that seek to
manipulate public opinion. So why is the billionaire's backing of what he believes in problematic?
In a word: transparency.
Newsweek: The speaker of the U.S. House of Representatives, Republican Dennis Hastert,
suggested to Fox News that Soros's fortune may come from international drug cartels. A column
on the Web site of the conservative group GOPUSA (after the Republican Party's nickname, the
Grand Old Party) called Soros "Satan" and "the Hungarian-born descendant of Shylock." charges in a new radio spot that Soros is funding an all-out drive "to undermine
American sovereignty, to lose in Iraq and to drop the war on terror." Says the announcer: "After
buying the Oval Office, Soros plans to subvert America's morals and trash our values."

                             Soros realized... that he would not make any money from the
                             concept of reflexivity until he went into investing on his own. He
                             began to investigate how to deal in investments. From 1963 to 1973
                             he worked at Arnhold and S. Bleichroeder, where he attained the
                             position of vice-president. Soros finally concluded that he was a
                             better investor than he was a philosopher or an executive. In 1967 he
                             persuaded the company to set up an offshore investment fund, First
                             Eagle, for him to run; in 1969 the company founded a second fund for
                             Soros, the Double Eagle hedge fund.
                             Lying Neo-Scum Soros funded a phony study that claimed 650,000
                             people were killed as a result of the invasion of Iraq was partly
                             funded by the antiwar billionaire George Soros. Soros, 77, provided
almost half the £50,000 cost of the research, which appeared in The Lancet, the medical journal.
Its claim was 10 times higher than consensus estimates of the number of war dead.
In December of 2006, Soros met with Democratic presidential hopeful Senator Barack Obama in
his New York office. Soros had previously hosted a fund-raiser for Obama during the latter's2004
campaign for the Senate. On January 16, 2007, Obama announced the creation of a presidential
exploratory committee, and within hours Soros sent the senator a contribution of $2,100, the
maximum amount allowable under campaign finance laws. Later that week the New York Daily
News reported that Soros would back Obama over Senator Hillary Clinton, whom he had ...
supported in the past. Soros's announcement was seen as a repudiation of Clinton's presidential
aspirations, though Soros said he would support the New York senator were she to win the
Democratic nomination.
Soros has ... taken care that none of the 99 individual investors who form his various funds, is an
American national. By U.S. securities law, a hedge fund is limited to no more than 99 investors of
highly wealthy individuals, so-called "sophisticated investors." By structuring his investment
company as an offshore hedge fund, Soros avoids public scrutiny. Soros himself is not even on
the board of Quantum Fund. Instead, for legal reasons, he serves as official "Investment Advisor"
to Quantum Fund N.V. through his company, Soros Fund Management, of 888 Seventh Avenue,
New York City. If any demand be made of Soros to reveal the details of Quantum Fund, he can
claim he is "merely its investment adviser."
One of the few reporters to question the Soros agenda is John Berlau of Insight magazine, who
asked whether Soros would benefit financially from his huge expenditures on political activity.
Michael Vachon, the spokesman for Soros Fund Management in New York City, said, "I have no
faith in the ability or desire of Insight magazine to portray George Soros' activities in an unbiased
manner." Pressed, he said, "There's no relationship between the policy prescriptions George
Soros recommends and his own financial holdings. He doesn't make policy recommendations to
increase his own personal wealth. That's not what motivates him."
In an editorial in September 2007, Investor's Business Daily criticized Soros for funding
organizations such as and has claimed that Soros is not transparent in the way he
gives away his money. The newspaper said: "The irony here is that Soros claims to be an
advocate of an 'open society.' His OSI does just the legal minimum to disclose its activities. The
public shouldn't have to wait until an annual report is out before the light is flipped on about the
Open Society's political action."[30]

Summary: News radio 850 KOA host Jon Caldara falsely asserted on his July 25 show that
Media Matters for America, Colorado Media Matters' parent organization, is a "George Soros
group." In fact, Soros -- a progressive philanthropist -- has never provided funding for Media
Matters, either directly or indirectly. Caldara further claimed that Media Matters "love[s] taking
things out of context" -- a charge that Colorado Media Matters rebutted when Caldara leveled it in
relation to a June 25 television interview by right-wing pundit Ann Coulter. Media Matters provided
a full transcript and video of Coulter's remarks in an item about the interview.
In early 1997, Soros' funds were shorting Thailand's currency, the baht, and Malaysia's
currency, the ringgit -- that is, betting that the value of both currencies would drop. In July,
Thailand dropped its defenses, devaluing the baht. That set off the wave of devaluations in
Malaysia and elsewhere that marked the beginning of the current global economic turmoil.

                    Summary: The February issue of Foundation Watch examined the
                    philanthropy of the billionaire financier George Soros. It found that Soros-
                    funded groups supported increased government spending and tax increases,
                    and opposed the death penalty and President Bush’s judicial nominees. In this
                    article author Neil Hrab looks at Soros grants in four other policy areas: drug
                    legalization, euthanasia, immigrant entitlements, and feminist organizing. View
                    the full version in PDF Format

CALDARA: Let, let, let's be honest -- Media Matters, by the way, is a George Soros national site,
Media Matters. And what they do is try to show how awful particularly talk radio is and how right-
wing it is. And so what they do is they like to take things out of context -- and they'll probably take
that quote out of context -- and they, and they try to get leftists to pressure program directors and
other people to, to -- well, they want to "Imus" folks. That's basically the way it is. They want to go
out and "Imus" folks. And it's, it's clever and it certainly has some, some value for the left. Of
course, it's not accurate, it's not fair, and they love taking things out of context, and that's, that's
what they do. But for the Rocky Mountain News to accurately say "the conservative-minded Mike
Rosen," which was appropriate; to say that "Silverman, the more liberal side of Caplis &
Silverman"; "Alan Colmes, the liberal half of Hannity & Colmes" -- but then to say that this
politically funded organization is just there to "monitor media reports for fairness and accuracy" --
Soros is the founder of Soros Fund Management. In 1970 he co-founded the Quantum Fund
with Jim Rogers. It returned 3,365% during the next ten years (42.6% per year for 10 years), and
created the bulk of the Soros fortune. Rogers "retired" from the fund in 1980.
Although many people are now aware of the massive political power George Soros and his
foundations’ wield internationally,[4] little appears to be being done to challenge his antidemocratic
influence. Indeed, instead of being challenged for his ‘democratic’ interventions overseas, he is
currently being courted by American Democrats, and Soros is now considered to be an integral
member of the Democracy Alliance – which ironically aims to promote democracy in the US with
the funding provided by leading capitalists.[5]

Soros emigrated to England in 1947 and graduated from the London School of Economics in
1952. While a student of the philosopher Karl Popper, Soros funded himself by taking jobs as a
railway porter and a waiter at Quaglino's restaurant where he was told that with hard work he
might one day become head waiter. He ... worked in a mannequin factory, but was fired for being
too slow at putting on the heads. He eventually secured an entry-level position with London
merchant bank Singer & Friedlander.
That polity will not be "American" in any recognizable sense if Soros has his way.... Here, he
supports increased government spending and tax increases, drug legalization, euthanasia, open
borders and immigration, immigrant entitlements, feminism, free abortion on demand, affirmative
action, and "gay" rights. He opposes the death penalty in any circumstance. One of the trustees of
OSI is Lani Guinier, the law professor whom Bill Clinton tried to nominate as head of the civil-
rights division of the Department of Justice but changed his mind when she was found to favor
minority veto power over legislation. Its president is Aryeh Neier, who had for 12 years been
executive director of the Soros-funded Human Rights Watch and, before that, national director of
the American Civil Liberties Union for eight years.
In the age of Soros, mainstream Democrats have embraced NPA's thuggish tactics. The group's
sudden emergence as a force in U.S. politics calls to mind the elevation of similar groups
overseas, where Soros often bankrolls street radicals with a zest for physical confrontation.
Readers should note that NPA receives funding from the Tides Foundation -- an institution to
which Soros contributes generously (more than $13 million between 1997 and 2003). (7)
In late 70ies, thanks to his successful entrepreneurship, Soros has the opportunity to start
supporting people in Eastern European countries, who wish to shed the totalitarian Soviet regime.
He donates funds aiming to strengthen civil society to the degree that it never allows the return of
totalitarian regimes.
Soros has categorically denied receiving money from drug cartels or any form of criminal
activity. The fact remains... that at least some of his financial operations have been based
offshore, in banking and financial centers that are widely reported to be considered conducive to
money-laundering. The Soros fund is based in the Netherlands Antilles, a self-governing
federation of five Caribbean islands. A CIA factbook describes the region as "a transshipment
point for South American drugs bound for the US and Europe; money-laundering center."
For much of his life, Soros shied away from public attention. It wasn't until after his Quantum
Fund became a huge success on Wall Street that he began to dabble in philanthropy around the
age of 50.

It is significant that Soros and two of his sons have contributed $2000 each to Brad Carson, the
Democratic Senate candidate in Oklahoma. His Republican opponent, Dr. Tom Coburn, was a
member of the U.S. House for six years, where he developed a reputation as a leading opponent
of efforts to legalize marijuana and fund needle exchange programs that facilitate illicit drug use.
Coburn exposed Soros-style "harm reduction" as a backdoor approach to legalization of illicit
drugs. Coburn was ... a strong supporter of drug testing and even fought to require drug testing of
members of Congress. Coburn and his staff voluntarily underwent drug testing. If elected to the
Senate, say his supporters, Coburn would be the chamber's leading voice for protecting children
from the dangers of drug abuse and a scientific voice of reason against the Soros-supported
movement that seeks to legalize drugs. It's no wonder that Soros and his sons have targeted
Coburn for defeat.

                   According to Bloomberg, Soros Fund Management LLC, the hedge fund
                   headed by billionaire George Soros, sold shares of oil companies, including
                   ChevronTexaco (CVX), in the second quarter as crude moved toward record
                   highs. On other hand, Soros invested in companies including Microsoft (MSFT)
                   and Sun Microsystems (SUNW) according to regulatory filings.
                  Much of the funding of the Left is directly traced to elite foundations with ties to
                  the highest levels of political and corporate power---the Democratic Party
leadership, George Soros, Rockefeller, the Institute for Policy Studies, and the CIA-connected
Ford Foundation. Yet other portions of the Left (university programs, for example) are financed
directly by the U.S. government.
Since the fall of the Soviet Union, Soros' funding has continued to play an important role in the
former Soviet sphere. His funding and organization of Georgia's Rose Revolution was considered
crucial to its success by Russian and Western observers, although Soros has said that his role
has been "greatly exaggerated."
Asked about the havoc his currency speculation caused to Far Eastern economies in the crash
of 1997, Soros replied: "As a market participant, I don't need to be concerned with the
consequences of my actions." Strange words from a man who likes to be regarded as the savior
of civil society and who rails in print against "market fundamentalism".

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