Nancy Thomson

The name George Soros will illicit instant recognition from anyone engaged in the high finance community. It is hoped this and other articles will increase the public's awareness of the part Soros plays in the manipulation of international money markets. He acts as a facilitator for the International Monetary Fund (IMF).

While another dissertation details the global epidemic of bankruptcies, this essay will zero in on the SPECULATOR named George Soros, who many accuse of being the catalyst for the financial woes in Asia and elsewhere.

UN regional meetings on finance are held periodically to exert control over the takers and the givers as they are envisioned by the international bankers. Our bankers are usually accompanied by a State department representative who attends to lend foreign policy edicts to the proceedings.

Such was the procedure for the recent Association of Southeast Asian Nations (ASEAN) regional meeting in Kuala Lumpur, hosted by Malaysia in July , 1997. The course of dialogue did not run smoothly for the US representatives nor the State Department Secretary, Madeleine Albright.

Malaysian Prime Minister Mahathir made the following observations, concerning US financial interests and Mr Soros in particular.

At the opening session the Prime Minister stated "Our economic fundamentals are good, yet anyone with a few billion dollars can destroy all the progress we have made."

"We are told we must open up, that trade and commerce must be totally free. Free for whom? For rogue speculators. Foranarchists waiting to destroy weak countries in their crusade for OPEN SOCIETIES, (my emphasis) to force us to submit to the dictatorship of international manipulators.

The OPEN SOCIETIES are the creation of Soros and will be described later in connection with the life and times of Soros.

Mahathir described Soros as a criminal and the ASEAN representatives made it clear they blamed the American financier for the speculation that caused the destabilization of their currencies.

George Soros is a Hungarian Jew who escaped the Holocaust, attended the London School of Economics, worked for J.P. Morgan, built his own international monetary empire and is known as a financial guru.

George exhibited an exceptional talent for arranging financial deals during his early career days in New York. After gathering experience working for others he started The Soros Fund Management and its $12 billion flagship, the Quantum Fund. While studying business at the London School of Economics he became interested in philosophy which later had a profound influence on his business dealings. Or so he tells us in his book, SOROS ON SOROS.

Frequently battleing inner turmoil due to problems associated in coming to terms with his own success, Soros went through two wives, psychological sessions and reorganization of business plans and personnel.

From the start of his career Soros described himself as strictly a trader not an investor. Like many other reversals in his philosophy he took advantage of any opportunity for monetary gain. Soon international investments bore his seal on a global scale. According to an article in the Los Angeles Times, January 5, 1998, Soros withdrew his funds from Korea when things were deteriorating. Now since the IMF is flinging a lifesaver to South Korea, Soros wants to reinvest. He told South Korean leader Kim that the conditions laid down by the International Monetary Fund must be "faithfully and swiftly carried out."

But of course, the IMF will protect his investment.

This is not a surprising statement on the part of Soros. A confirmed internationalist Soros has been present at World Bank meetings and has a foreign policy very similar to the UN.

The US is blamed for the reintrenchment of Gorbechev who is greatly admired by the Quantum financier. It is also the responsibility of our country to bailout any country that experiences financial problems. Is this another dictum from the socialist London School of Economics?

Wealthy men such as Rockefeller create foundations and use charity as a tool for gaining favorable public opinion. This fact was not lost on Soros who became engrossed in philanthropic causes (left wing) and his Soros Foundation which created the image of sharing and caring.

From his college days the philosophical idea of OPEN (as opposed to closed) SOCIETIES became the Soros obsession. It was a litmus test for the establishment of the Soros Foundation setting up OPEN SOCIETIES in 21 countries. Supposedly dedicated to establishing a little island of "democracy" in noncommunist as well as communist countries, the program really fell apart in China. Complaints surfaced from various countries condemning his groups for meddling in foreign affairs. Later Soros was accused of using the OPEN SOCIETIES to advance his investment portfolio. The Prime Minister from Malaysia was just one of those complaining.

Declaring ethics to be of the utmost importance, Soros brinkmanship speculation has not only created havoc in the Asian countries.He took money from every English taxpayer when he speculated against sterling and the banks fell. When questioned about being accused of earning unconscionable profits as a financial speculator, this was the reply from Soros. "Profits, yes: unconscionable no. When you speculate in the financial markets, you are free of most moral concerns that confront an ordinary businessman."

David Reiff, a writer friend who serves on one of the Soros boards, stated that the philanthropist is successful because his giving is openly political and daring. "He is determined to use his money to change the nation's social agenda and is tough-minded about achieving his goals."

Soros has created fury in the States recently by supporting new drug policies. He has donated $15 million to groups that favor making US drug laws more lenient.

His largest contribution in 1996 was $100,000 to the Democratic National Committee besides donations of $5000 to three Senate candidates and lesser amounts to 25 congressional candidates.

Hoping "to save America from unintended consequences of bad government policies" and help transform the nation's political culture, Soros worries about "excessive individualism." He laments what he perceives to be our abandonment of the "immigrants and the poor."

A $50 million commitment to the Emma Lazarus Fund was described as a spontaneous response to the Soros "outrage, as an immigrant, over the recent law denying legal immigrants several types of public assistance and benefits."

Nations of the world are experiencing a double whammy as Soros speculation debases their currency at the same time he beats the drum for the IMF to facilitate bailing out the bankers loss from risky loans. This is a good example of people working together for evil.

There is one place in all of Asia which is still placid and beautiful. The residents run televisions off little car batteries. Although they joined the ASEAN grouping, they don't have enough English speakers to take part in activities. In addition, they can't scrape together enough money to send representatives to the meetings anyway.

Laos is the name of this mini country and it is too destitute to be bothered by the international bankers or the speculations of George Soros. They are even too poor to be affected by Asia's financial crisis or the manipulations of the IMF. This small country is safe at least for the time being.

1988