George Soros and President Obama

Money is the mother’s milk of politics. In the case of President Obama, that dairy trail leads directly to one man- George Soros.

Soros is the 28th richest man in America. He is a hedge fund manager who is the single, largest investor in Obama. Soros gave $3.65 million to Democrats in 2008, but his track record involves much, much more.

“The man who broke the Bank of England” and who got convicted of insider trading in France, helped create the extremist organization MoveOn.org. This organization of 4.5 million far-Left activists gave over $88 million to Obama’s campaign.

Soros spent over $20 million in 2004 trying to defeat Bush, calling it “the central focus of my life, a matter of life and death.” “America under Bush,” Soros declared, “is a danger to the world, and I’m willing to put my money where my mouth is.” Would that kind of political fanaticism motivate this hedge fund crook to go as far as wrecking the American economy in order to get his way?

One must remember that McCain was leading in the polls before the announcement of the economic Bailout. President Bush, following the advice of Treasury Sect. Henry Paulson, advocated the $700 billion plan. The purpose was to mitigate the toxic “subprime” loans clogging-up the credit markets and jeopardizing Wall Street.

Paulson proved not to be a dependable choice for Treasury Sect. Bush likely appointed him only because he could easily pass Democrat confirmation. Truth is: much of Bush’s second term could be characterized as expending political capital in order to maintain support for the Iraq War.

It may come as a shock to many, but Paulson is a Democrat and had previously worked for Goldman Sachs, a very Democrat-leaning investment firm. Seventy-three percent of Goldman’s 2008 campaign contributions, (nearly $4 million), went to Democrats. Obama’s number one financial “bundler” was Goldman Sachs! So, it’s safe to say that Paulson is not exactly a friend to Republican policies.

In the crisis of September, Paulson acquired virtual dictatorial powers with the TARP money that, curiously, also included authorization to bail out banks in China! This is particularly interesting given the fact that Goldman Sachs has been the leading underwriter of Chinese equity services as well as a chief adviser for Chinese mergers and acquisitions. Additionally, Chinese financial institutions own more than $30 billion of Fannie Mae and Freddie Mac paper!

Even more suspicious is Sect. Paulson’s effort in 2006 to create a new U.S./China economic arrangement while owning a $25 million Goldman Sachs’ investment in the Industrial and Commercial Bank of China.

Back in September, President Bush announced the SEC would be stepping up enforcement action “against illegal market manipulation.” The SEC (Security and Exchange Commission) issued a statement indicating their intention to require disclosure regarding short selling, fraud and market manipulation. Hearings were proposed where: “hedge fund managers, brokerage dealers and institutional investors with significant trading activity in financial issues or positions in Credit Default Swaps, (CDS) [would] be required, under oath, to disclose those positions to the Commission.”

These Credit Default Swaps played a huge role in the financial collapse. Lehman Brothers was the seventh largest ‘counterparty’ in the CDS market, underwriting billions of dollars of debt-financed contracts. When they defaulted, the resulting exposure sent shock waves throughout the $62 trillion global, CDS market. Consequently, this large-scale leveraging of derivatives had disintegrated into a large-scale de-leveraging.

Hedge funds like these, especially with the “mark to market” rule, give investors like George Soros an unfair opportunity to manipulate values for private gain. In 2005, Soros fought the SEC’s proposal to impose more regulations on hedge fund managers!

Democrats have a lot of interesting ties to hedge funds. Chelsea Clinton works for Avenue Capital Group. Joe Biden’s son Hunter is president of Paradigm Companies and is currently involved in a fraud scandal. Former presidential candidate John Edwards works for a hedge fund that was a major player in subprime mortgages.

So, what does George Soros want? His Open Society Institute advocates a variety of New Age-type programs with operations in 60 countries. Soros strongly supports the legalization of drugs, but his chief aim is to end American supremacy. He wants to strengthen global institutions like the International Criminal Court (ICC), so as to usher in a World Government.

Vice President Biden has expressed agreement with these goals in a Wall Street Journal article entitled, “How I Learned to Love the New World Order.” George Soros, not so coincidently, wrote a book in 1993 called, “Toward a New World Order.” In time, I believe we’ll all discover: this political milk is sour. (send comments to: WFC83197@aol.com, or mail to P.O.B. 114, Jacksboro, TN 37757)