I had started a series on Soros about a month ago. Some I had completed already. Others involved more research. I was hesitant in posting or going any further but I can’t stop now. I’ve provided all data I used for my posts. Let’s get to it.
Soros has been credited with breaking the British pound. Though it seems more accurate that he took advantage of its weakness. That’s who he is. His responsibility varies according to sources. I am sure you have heard of Black Wednesday. On September 16, 1992, speculators forced the British government to pull the pound from the European Exchange Rate Mechanism (ERM). The pound was struggling as the unification of Europe hit speed bumps. Soros profited $1 billion from this. Remember, he cannot be concerned with the social consequences of what he does. His words.
In 2010 A Budapest Court ruled that the Soros Fund Management LLC would have to pay a $2.5 million fine for insider trading. The fine was as a result of multiple deals just prior to market closing on October 9th, 2008. Which resulted in a plunge of the shares of the country’s largest bank. Next!!!
Soros was found guilty by a France court for insider trading. After a fourteen year investigation. Goodness! He was fined $2.3 million. Soros was accused of buying stock in formerly state owned companies based on insider information. One being the country’s leading bank.
Soros just a year prior was blamed for destroying the Thai and Malaysian’s economies. He then moved onto Hong Kong. Soros was accused of naked shorting which means selling shares that have not been verified yet to exist. Yes it is illegal. He was fined $1.5 million.
I must say, these fines are laughable. The man is worth billions. It’s like smacking him on the knuckles. He has a pattern. It’s for all to see. He has said himself, “I am there to make money. I do not and cannot look at the social consequences of what I do.” I guess when you’re rich you can get by with just about anything!
I’m going to share as my last link an interview with Soros in regards to what is happening currently in the US. Please read and you tell me what you think. I leave you with a quote from that interview.