How George Soros Created the European Refugee Crisis—and Why
By David Galland and Stephen McBride, Garret/Galland Research
George Soros is trading again.
The 85-year-old political activist and philanthropist hit the headlines after Brexit saying the event had “unleashed” a financial-market crisis.
Well, the crisis hasn’t hit Soros just yet.
He was once again on the right side of the trade. Soros took a short position in troubled Deutsche Bank and bet against the S&P with a 2.1-million-share put option on the SPDR S&P 500 ETF.
More interestingly, Soros recently took out a $264 million position in Barrick Gold, whose share price has jumped over 14% since Brexit. He has also sold his positions in many of his traditional holdings.
The only other time Soros has publicly re-entered the markets was in 2007. He placed a number of bearish bets on US housing that made him a profit of over $1 billion.
There’s, however, a dark side to his trades.
Since the 1980s, Soros has been actively pursuing a globalist agenda to create social and political crises across the world he could profit from. He bankrolled revolutions in European nations during the 1980s and 1990s, manipulated Ukraine in the Russia-Ukraine conflict, and even funded the European refugee crisis.
Soros advances this agenda through his philanthropic efforts with Open Society Foundations (OSF).
The Currency Speculations That Threw Britain and Asia into Crisis
In the 1990s, Soros began a string of large bets against national currencies. In 1992, he sold short the pound sterling and made a $1 billion profit in a single day.
His next big currency speculation came in 1997. This time Soros singled out the Thai baht. With heavy short-selling volume, he destroyed the baht’s artificial peg to the US dollar, which started the Asian financial crisis.
Today Soros’s net worth stands at $23 billion.
In 2000, Soros took a back seat in his company, Soros Fund Management. Since then, he has been focusing on philanthropic efforts, which he carries through the Open Society Foundations he founded in 1993.
So who does he donate to, and what causes does he support?
During the 1980s and 1990s, Soros used his extraordinary wealth to fund revolutions in dozens of European nations, including Czechoslovakia, Croatia, and Yugoslavia. He achieved this by funneling money to political opposition parties, publishing houses, and independent media in these nations.
If you wonder why Soros meddled in these nations’ affairs, part of the answer may lie in the fact that during and after the chaos, he invested heavily in assets in each of the respective countries.
He then used Columbia University economist Jeffrey Sachs to advise the fledgling governments to privatize all public assets immediately. That allowed Soros to sell the assets he had acquired during the turmoil into newly formed open markets.
Then he turned his attention to the big stage, the United States.
The Big Time
In 2004, Soros stated, “I deeply believe in the values of an open society. For the past 15 years I have been focusing my efforts abroad; now I am doing it in the United States.”
Since then, Soros has been funding groups such as:
- The American Institute for Social Justice, whose aim is to “transform poor communities through lobbying for increased government spending on social programs”
- The New America Foundation, whose aim is to “influence public opinion on such topics as environmentalism and global governance”
- The Migration Policy Institute, whose aim is to “bring about an illegal immigrant resettlement policy and increase social welfare benefits for illegals”
Soros also uses his Open Society Foundation to funnel money to the progressive media outlet, Media Matters.
Soros funnels the money through a number of leftist groups, including the Tides Foundation, Center for American Progress, and the Democracy Alliance in order to circumvent the campaign finance laws he helped lobby for.
Why has Soros donated so much capital and effort to these organizations? For one simple reason: to buy political power.
Democratic politicians who go against the progressive narrative will see their funding cut and be attacked in media outlets such as Media Matters, which also directly contribute to mainstream sites such as NBC, Al Jazeera and The New York Times.
Apart from the $5 billion donated to groups like cited above, he has also made huge contributions to the Democratic Party and its most prominent members, like Joe Biden, Barack Obama, and of course Bill and Hillary Clinton.
Best Friends with the Clintons
Soros’s relationship with the Clintons goes back to 1993, around the time when OSF was founded. They have become close friends, and their enduring relationship goes well beyond donor status.
According to the book The Shadow Party, at the 2004 “Take Back America” conference, the former first lady introduced Soros as “[W]e need people like George Soros, who is fearless and willing to step up when it counts’’
Soros began supporting Hillary Clinton’s current presidential run in 2013, taking a senior role in the “Ready for Hillary” group. Since then, Soros has donated over $15 million to pro-Clinton groups and Super PACs.
More recently, Soros has given more than $33 million to the Black Lives Matter group. This group has been involved in outbreaks of social unrest in Ferguson, Missouri, and Baltimore, Maryland, in 2015. Both of these incidents contributed to a worsening of race relations across America.
The same group heavily criticized Democratic contender Bernie Sanders for his alleged track record of supporting racial inequality. That helped Clinton to undercut him as a competitive threat in the most ardent constituencies.
This, of course, greatly enhances the clout Soros wields through the groups mentioned above. It is safe to assume that he is now able to drive Democratic policy, especially in an administration headed by Hillary Clinton.
Simply, Soros gets what he wants. And it’s clear from his history that he wants to smudge away national borders and create the sort of globalist nightmare represented by the European Union.
Soros has turned his attention back to Europe in recent years. Is it a coincidence that the continent is currently in economic and social disarray?
Another Home Run: the Ukrainian Conflict
There’s no doubt about Soros’s great influence on US foreign policy. In an October 1995 PBS interview with Charlie Rose, he said, “I do now have access [to US Deputy Secretary of State Strobe Talbott]. There is no question. We actually work together [on Eastern European policy].”
Soros’s meddling reared its ugly head again in the Russia-Ukraine conflict, which began in early 2014.
In a May 2014 interview with CNN, Soros stated he was responsible for establishing a foundation in the Ukraine that ultimately led to the overthrow of the country’s elected leader. The US State Department then installed a junta at the time headed by none other than Hillary Clinton:
CNN Host: First on Ukraine, one of the things that many people recognized about you was that you, during the revolutions of 1989, funded a lot of dissident activities, civil society groups in Eastern Europe and Poland, the Czech Republic. Are you doing similar things in Ukraine?
Soros: Well, I set up a foundation in Ukraine before Ukraine became independent of Russia. And the foundation has been functioning ever since and played an important part in events now.
The Ukraine-Russia war has resulted in 10,000 deaths and the displacement of over 1.4 million people. As