Exploring Newbill's Renminbi Thoughts, Bail-ins & This is Bad- 'China's Renminbi Is Approved'

John R. Houk

© December 22, 2015

What is the global effect on Capitalist market economies when an avowed Communist dictatorial nation is welcomed as an elite currency in the global finance? It truly is something serious to ponder.

I can hear the hollering and cries now that the Cold War (U.S. led West vs. Communist USSR [and to a lesser extent China]) has been over since the Presidency of Ronald Reagan in the 1980s. In the case of the former Soviet Ruble and the Chinese Renminbi (aka yuan), no Communist nation ever achieved a financial rating as elite. Or at least that is until now.

The People’s Republic of China (i.e. Communist despotism) had its national currency the Renminbi declared an elite currency by the International Monetary Fund (IMF) in November 2015 (official elite start date October 2016). The Renminbi thus joins the American Dollar, the EU Euro, British Pound and Japanese Yen as a stable currency. This banks and nations can trade with the Red Chinese currency to add to reserves to back an economy. To place this in perspective check out this WaPo excerpt:

Here are a few things the four countries in the IMF’s current “basket” all have in common, beyond their exports and tradable currencies. They are all market democracies, with well-established property rights and rule of law; their achievement of those institutional advances preceded their becoming issuers of currencies dependable and liquid enough for other countries to use them as reserves. The notion of a Chinese-issued global reserve currency assumes that Beijing can essentially reverse-engineer such development, and the market confidence it inspired, in a communist nation founded and still operated on the basis of party-state control over everything from banks to courts. (Bold text is Blog Editor’s - China moves into the global currency elite; By Editorial Board; Washington Post; 12/2/15)

For all of Communist China’s strides in becoming the world’s second largest economy the fact remains it is a ONE-Party nation with property rights and the rule of Law are under the foundation of State controlled Marxist ideology which has morphed into Chinese Communism.

The pseudonymous writer Tony Newbill projects the feeling that the Renminbi will cause a bit of global financial instability as the Chinese currency becomes a reserve option threatening the stability of the Dollar, Euro, Pound and Yen. I think he is on to something as evidenced by the Islamic Supremacist dictatorship of Sudan and the Communist dictatorship of North Korea will now have greater capability of trading in Renminbi in making deals with transnational terrorists thus avoiding restrictions and sanctions from nations that use the Dollar, Euro, Pound and Yen. AND that is just one example.

In introducing an article from the NYT Newbill provokes your thinking toward the West’s banking reformation involving how the Western governments address financial crises when banks begin to fail due to bad investments, especially in the case of transnational giant too big to fail banks. Instead of using the bailout path, the G20 nations have imposed a banking rule (See Also HERE) involving Bail-inabled Bonds. Hence the term Bail-in instead of a taxpayer supported government Bailout.

Since I am not exactly a big depositor in any bank I was somewhat clueless on the difference between a Bailout and a Bail-in. To comprehend the NYT article Newbill sent me to post, I had to read up on what the heck a bail-in entailed.

Here is a just over a minute explanation of the difference between a Bailout and Bail-in:

VIDEO: Bail ln Or Bail Out? What's The Difference? Mike Maloney

Posted by Mike Maloney 

Published on Nov 13, 2014 

 More: http://hiddensecretsofmoney.com/videos "Just the term 'Bail-In' is a lie. This is something that is a marketing tool to basically...cover up a theft." - Mike Maloney. Learn more about the film here: http://www.freedomfromchoicefilm.com If you'd like to watch the whole film, you can rent or buy the film online using this link and discount code for 30%: https://vimeo.com/ondemand/freedomfromchoice "maloney-rent" and "maloney-buy" 

From the film's press release:  

From award-winning filmmaker Tim Delmastro comes a new film about … READ THE REST

The closest article on the subject that I understood the best was from Ellen Brown on The Web of Debt Blog.

JRH 12/22/15

PleaseSupport SlantRight 2.0

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New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners

By Ellen Brown

December 1, 2014

The Web of Deceit Blog

On the weekend of November 16^th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.

Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.

Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks’ derivatives obligations to each other, ahead of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called “bail-inable” bonds.

“Bail in” has been sold as avoiding future government bailouts and eliminating too big to fail (TBTF). But it actually institutionalizes TBTF, since the big banks are kept in business by expropriating the funds of their creditors.

It is a neat solution for bankers and politicians, who don’t want to have to deal with another messy banking crisis and are happy to see it disposed of by statute. But a bail-in could have worse consequences than a bailout for the public. If your taxes go up, you will probably still be able to pay the bills. If your bank account or pension gets wiped out, you could wind up in the street or sharing food with your pets.

In theory, US deposits under $250,000 are protected by federal deposit insurance; but deposit insurance funds in both the US and Europe are woefully underfunded, particularly when derivative claims are factored in. The problem is graphically illustrated in this chart from a March 2013 ZeroHedge post:

Chart Comparison

More on that after a look at the new bail-in provisions and the powershift they represent.

Bail-in in Plain English

The Financial Stability Board (FSB) that now regulates banking globally began as a group of G7 finance ministers and central bank governors organized in a merely advisory capacity after the Asian crisis of the late 1990s. Although not official, its mandates effectively acquired the force of law after the 2008 crisis, when the G20 leaders were brought together to endorse its rules. This ritual now happens annually, with the G20 leaders rubberstamping rules aimed at maintaining the stability of the private banking system, usually at public expense.

According to an International Monetary Fund paper titled “From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions”:

[B]ail-in . . . is a statutory power of a resolution authority (as opposed to contractual arrangements, such as contingent capital requirements) to restructure the liabilities of a distressed financial institution by writing down its unsecured debt and/or converting it to equity. The statutory bail-in power is intended to achieve a prompt recapitalization and restructuring of the distressed institution.

The language is a bit obscure, but here are some points to note:

o   What was formerly called a “bankruptcy” is now a “resolution proceeding.” The bank’s insolvency is “resolved” by the neat trick of turning its liabilities into capital. Insolvent TBTF banks are to be “promptly recapitalized” with their “unsecured debt” so that they can go on with business as usual.

o   “Unsecured debt” includes deposits, the largest class of unsecured debt of any bank. The insolvent bank is to be made solvent by turning our money into their equity – bank stock that could become worthless on the market or be tied up for years in resolution proceedings.

o   The power is statutory. Cyprus-style confiscations are to become the law.

o   Rather than having their assets sold off and closing their doors, as happens to lesser bankrupt businesses in a capitalist economy, “zombie” banks are to be kept alive and open for business at all costs – and the costs are again to be to borne by us.

The Latest Twist: Putting Pensions at Risk with “Bail-Inable” Bonds

First they came for our tax dollars. When governments declared “no more bailouts,” they came for our deposits. When there was a public outcry against that, the FSB came up with a “buffer” of securities to be sacrificed before deposits in a bankruptcy. In the latest rendition of its bail-in scheme, TBTF banks are required to keep a buffer equal to 16-20% of their risk-weighted assets in the form of equity or bonds convertible to equity in the event of insolvency.

Called “contingent capital bonds”, “bail-inable bonds” or “bail-in bonds,” these securities say in the fine print that the bondholders agree contractually (rather than being forced statutorily) that if certain conditions occur (notably the bank’s insolvency), the lender’s money will be turned into bank capital.

However, even 20% of risk-weighted assets may not be enough to prop up a megabank in a major derivatives collapse. And we the people are still the target market for these bonds, this time through our pension funds.

In a policy brief from the Peterson Institute for International Economics titled “Why Bail-In Securities Are Fool’s Gold”, Avinash Persaud warns, “A key danger is that taxpayers would be saved by pushing pensioners under the bus.”

It wouldn’t be the first time. As Matt Taibbi noted in a September 2013 article titled “Looting the Pension Funds,” “public pension funds were some of the most frequently targeted suckers upon whom Wall Street dumped its fraud-riddled mortgage-backed securities in the pre-crash years.”

Wall Street-based pension fund managers, although losing enormous sums in the last crisis, will not necessarily act more prudently going into the next one. All the pension funds are struggling with commitments made when returns were good, and getting those high returns now generally means taking on risk.

Other than the pension funds and insurance companies that are long-term bondholders, it is not clear what market there will be for bail-in bonds. Currently, most holders of contingent capital bonds are investors focused on short-term gains, who are liable to bolt at the first sign of a crisis. Investors who held similar bonds in 2008 took heavy losses. In a Reuters sampling of potential investors, many said they would not take that risk again. And banks and “shadow” banks are specifically excluded as buyers of bail-in bonds, due to the “fear of contagion”: if they hold each other’s bonds, they could all go down together.

Whether the pension funds go down is apparently not of concern.

Propping Up the Derivatives Casino: Don’t Count on the FDIC

Kept inviolate and untouched in all this are the banks’ liabilities on their derivative bets, which represent by far the largest exposure of TBTF banks. According to the New York Times:

American banks have nearly $280 trillion of derivatives on their books, and they earn some of their biggest profits from trading in them.

These biggest of profits could turn into their biggest losses when the derivatives bubble collapses.

Both the Bankruptcy Reform Act of 2005 and the Dodd Frank Act provide special protections for derivative counterparties, giving them the legal right to demand collateral to cover losses in the event of insolvency. They get first dibs, even before the secured deposits of state and local governments; and that first bite could consume the whole apple, as illustrated in the above chart.

The chart also illustrates the inadequacy of the FDIC insurance fund to protect depositors. In a May 2013 article in USA Today titled “Can FDIC Handle the Failure of a Megabank?”, Darrell Delamaide wrote:

[T]he biggest failure the FDIC has handled was Washington Mutual in 2008. And while that was plenty big with $307 billion in assets, it was a small fry compared with the $2.5 trillion in assets today at JPMorgan Chase, the $2.2 trillion at Bank of America or the $1.9 trillion at Citigroup. 

 . . . There was no possibility that the FDIC could take on the rescue of a Citigroup or Bank of America when the full-fledged financial crisis broke in the fall of that year and threatened the solvency of even the biggest banks.

That was, in fact, the reason the US Treasury and the Federal Reserve had to step in to bail out the banks: the FDIC wasn’t up to the task. The 2010 Dodd-Frank Act was supposed to ensure that this never happened again. But as Delamaide writes, there are “numerous skeptics that the FDIC or any regulator can actually manage this, especially in the heat of a crisis when many banks are threatened at once.”

All this fancy footwork is to prevent a run on the TBTF banks, in order to keep their derivatives casino going with our money. Warren Buffett called derivatives “weapons of financial mass destruction,” and many commentators warn that they are a time bomb waiting to explode. When that happens, our deposits, our pensions, and our public investment funds will all be subject to confiscation in a “bail in.” Perhaps it is time to pull our money out of Wall Street and set up our own banks – banks that will serve the people because they are owned by the people.

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Here is the Tony Newbill email conspiracy theory email.

JRH 12/22/15

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This is BAD

Sent by Tony Newbill

Sent: 11/30/2015 12:07 PM

Here comes the Run on the Dollar and USA and Euro Bank Bail-ins!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    

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China’s Renminbi Is Approved by I.M.F. as a Main World Currency

By KEITH BRADSHER

NOV. 30, 2015

New York Times (INTERNATIONAL BUSINESS)

NY Times VIDEO: Chinese Currency Named as a World Reserve

By REUTERS | Nov. 30, 2015 | 0:52 

 Christine Lagarde, the managing director of the International Monetary Fund, announces that China's renminbi will become a world reserve currency alongside the dollar, euro, pound and yen.

HONG KONG — The Chinese renminbi was anointed as one of the world’s elite currencies on Monday, a milestone decision by the International Monetary Fund that underscores the country’s rising financial and economic heft.

The move will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power. Just four other currencies — the dollar, the euro, the pound and the yen — have the I.M.F. designation.

But the path to the I.M.F. decision, a bumpy process that stretches back years, also introduced new uncertainty into China’s economy and financial system.

To meet the I.M.F. requirements, China was forced to give up some of its tight control over the currency, culminating in the abrupt devaluation of the renminbi that shook global markets in August. The changes could inject fresh volatility into the country, at a time when its economy is already slowing.

The I.M.F. designation, an accounting unit known as the special drawing rights, bestows global importance.

Renminbi, also called yuan, gains a benchmark status.

Many central banks follow this benchmark in measuring their reserves, which countries hold to help protect their economies in times of trouble. By adding the renminbi to this group, the I.M.F. effectively says that it considers the currency to be safe, reliable and freely usable.

It is a “recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems,” Christine Lagarde, the managing director of the I.M.F., said in a statement in Washington. “The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy.”

The designation is a point of pride for Beijing, which had made it one of its highest economic policy priorities.

In the months before the fund’s decision, China moved aggressively to expand the currency’s standing on a global stage, building trading hubs in Europe and developing a raft of renminbi-denominated bonds and commodity contracts. In devaluing the currency, China changed the way it sets the value of the renminbi each morning, allowing market forces to play a bigger role.

The I.M.F. decision also says a lot about the waning influence of Europe: The renminbi is mainly replacing part of the euro’s role in the special drawing rights. Assessing currencies for the accounting system, the fund put a greater emphasis on their different roles in international finance. The dollar still dominates in finance and trade, while the renminbi is quickly gaining ground on the euro.

The United States Treasury said it “supported” the I.M.F. decision.

Besides its symbolic weight, the I.M.F. label, which will take effect at the end of September next year, carries specific benefits. The renminbi will become one of the currencies used in the disbursement and repayment of international bailouts denominated in the fund’s accounting unit, like Greece’s debt deal.

The renminbi’s new status “will improve the international monetary system and safeguard global financial stability,” President Xi Jinping of China said in mid-November.

While the renminbi may gain favor internationally, the I.M.F. designation does not mean that China’s economic overhaul is complete. China maintains heavy regulatory control over the country’s financial system. The country also falls short in legal protections, with the Communist Party continuing to play a strong role in deciding court cases.

Such issues could limit the overall appeal of the renminbi — and China’s ambitions.

“It is a historic moment in international finance for an emerging market economy, with a per-capita income barely a quarter that of other reserve currency economies, to be anointed as the issuer of one of the world’s major reserve currencies,” said Eswar Prasad, a former head of the I.M.F.’s China division who is now the Tolani Senior Professor of Trade Policy at Cornell University. But “the most likely scenario is that the renminbi will erode but not seriously rival the dollar’s status as the dominant global reserve currency.”

The changing currency dynamics also create new geopolitical concerns.

As the renminbi becomes more deeply woven into the global economy, it undermines the ability of the West to impose financial sanctions on countries accused of human rights abuses and other violations, like Sudan and North Korea. Such countries can increasingly carry out transactions in renminbi.

China contends that it is crucial to respect nations’ sovereignty and that leaders should be allowed to set policy without fearing international criticism or intervention. China remains a close business and financial partner of Sudan and North Korea. Mr. Xi invited the president of Sudan to a recent military parade in Beijing.

Lamido Sanusi, the governor of the Central Bank of Nigeria, said in 2010 it was ready to put up to a tenth of its entire reserves into renminbi, or $4 billion

“As the renminbi rises, countries will have more choices about where they do their banking — and how to potentially circumvent sanctions,” said Christopher Brummer, a Georgetown University law professor specializing in currencies.

Beijing’s effort to position the renminbi as a rival to the dollar traces back to the innocuously named “Document 217.”

The Chinese central bank posted the document on its website with little fanfare in August 2010. But buried in the document’s technical jargon was an important measure with global implications.

Under a new rule, China would start allowing other countries’ central banks to begin buying its bonds in Shanghai. Officials in other countries just had to get permission first from the People’s Bank of China.

Nigeria was paying close attention. Lamido Sanusi, the governor of the Central Bank of Nigeria, had already been mulling whether to park part of the country’s $40 billion in foreign exchange reserves in renminbi.

A prominent Islamic scholar, he was the son of an influential Nigerian prince who served as his country’s ambassador to China during the Cultural Revolution. Back then, his father advocated a shift by Africa away from Western dominance and toward closer relations with China.

When Mr. Sanusi became the central bank chief in 2009, Nigeria had extensive trade ties with China. In shifting a portion of reserves, he bet — correctly, as it turned out — that the renminbi would appreciate. Interest rates on renminbi-denominated bonds were also several percentage points higher than yields on comparable Treasuries.

Inclusion of the renminbi in the I.M.F.’s elite reserve currency group was so important to China’s leaders that they named it in October as one of their highest economic policy priorities in the coming years. CreditAgence France-Presse — Getty Images

Nigeria started purchasing large sums of renminbi in the little-regulated Hong Kong market in 2010, rather than Shanghai as the Chinese rules prescribed, and without seeking Beijing’s permission. Mr. Sanusi then stunned the Chinese government by mentioning at a conference a few weeks later in Nigeria’s capital, Abuja, that his country was ready to put up to a tenth of its entire reserves, or $4 billion, into renminbi.

“The Chinese Embassy came over and met me,” said Mr. Sanusi, who last year was crowned Emir Muhammadu Sanusi II, the traditional and religious leader of Kano State in northern Nigeria. “They just wanted to have clarity.”

Chinese officials, he said, were pleased that a major trading partner in Africa liked the renminbi. But Nigeria’s move also posed a dilemma. Large-scale purchases of renminbi by overseas central banks would make it more difficult for China to prevent the renminbi from appreciating, which in turn would make exports less competitive.

When Nigeria eventually requested permission to buy bonds in Shanghai, the Chinese central bank agreed, although it tightly capped the purchases. “We got something less than what we applied for,” said Lamido Yuguda, the director of reserve management at the Central Bank of Nigeria, declining to provide precise figures. “It was something we could live with.”

After the experience with Nigeria, China moved slowly and cautiously on further currency liberalization over the next four years. The government did not encourage other central banks to buy large sums of renminbi. Instead, China entered into a series of swap agreements with dozens of countries like Australia, Brazil, South Africa, Germany and Iceland.

Under these agreements, China said it would provide billions of renminbi if the other country needed them in a crisis. But China would keep the renminbi until that point, so that any interim purchases would not be sufficient to push up the value of the currency.

Beijing’s cautious strategy backfired this year, when China ramped up its campaign for I.M.F. reserve status. One of the I.M.F.’s main considerations is that the currency be “freely usable.”

The People’s Bank of China acknowledged last spring that other central banks held a modest $108 billion worth of renminbi, about 1 percent of total foreign exchange holdings by central banks. By contrast, central banks had $500 billion worth of swap agreements to obtain renminbi, more than for any other currency, including the dollar.

Beijing lobbied hard through the spring to persuade the I.M.F. to consider the swaps as evidence that the renminbi was “freely usable.” But the United States and other countries opposed bending I.M.F. rules.

The fund decided during the summer to stick to more traditional criteria, like the amount of currency that central banks had been able to buy and how easily the renminbi could be traded. After that, the I.M.F. pressed the Chinese central bank to make its currency more responsive to market forces.

China had to move fast. After this year, the next chance to push the renminbi into the fund’s accounting system would not come until 2020.

During the summer, Chinese officials made a series of rapid-fire moves, most notably devaluing the currency by 4.4 percent against the dollar as part of a new method for setting the daily trading range of the renminbi. The process would give the market more influence over the daily value of the renminbi, which is set each morning by the central bank.

The aftermath of the devaluation has been a shock to China’s system, providing a window into the uncertainty the country now faces with a more globally oriented currency.

After the devaluation, many Chinese companies moved to pay off foreign debts for fear the renminbi would fall further. Investors also sold huge sums of renminbi and switched into other currencies. China’s central bank spent nearly $100 billion in August alone to prop up the renminbi.

“Making it more market-based makes it more difficult to manage,” said Larry Hu, the chief China economist in the Hong Kong office of Macquarie Capital Securities. “But making it more market-based also makes it more efficient.

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Exploring Newbill’s Renminbi Thoughts, Bail-ins & This is Bad- ‘China’s Renminbi Is Approved’

John R. Houk

© December 22, 2015

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New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners

Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally. Her 200+ blog articles are at EllenBrown.com.

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China’s Renminbi Is Approved by I.M.F. as a Main World Currency

A version of this article appears in print on December 1, 2015, on page A1 of the New York edition with the headline: I.M.F. Adds China’s Currency to Elite Global Financial Club.

© 2015 The New York Times Company

New York Times home page

George Soros - Enemy of the Free Market

Intro to EarsToHear – ‘George Soros - Enemy of the Free Market’

Reposted as Part One

Edited by John R. Houk

July 6, 2014

A friend of mine sent me this link which goes to a page that has a humongous amount of other links that expose the nefarious nature of George Soros. Now often when I cross post something like this I like to provide a little summary of the links; however that ain’t gonna happen this time. There simply are too many.

This Soros exposé comes from a website called EarsToHear.net. You can tell by the name the emphasis of website is oriented around Christianity; however a quick perusal shows there is a good deal of Conservative politics and I am guessing from the Soros exposé page some dabbling in Conspiracy Theory. And if you come to my blog often you know I like a good Conspiracy Theory.

This is from the EarsToHear.net about page:

Welcome!

EarsToHear.net has been on the internet since December 2000, challenging progressive political correctness and religious doctrines with targeted commentary providing Christian conservative context on religious and political issues and exhort citizens of the Kingdom of God to honor the call to be the "Salt" and "Light" of the earth revealing the culture war differences between Biblical Correctness and Political Correctness as well as in the spirit of Thomas Paine prompt and motivate Americans into returning to the foundation of why and how America became a Republic. EarsToHear.net has never charged a subscription fee and only requests voluntary financial support to help sustain this resource. Please consider supporting EarsToHear.net with a donation.

Learn about God's Kingdom, how Biblical moral virtue was the (sic) what inspired America's Founders to establish a Republic, how "progressives" are undermining that very essence and destroying the American Way of Life. Comprehensive resources provided to restore what progressive political correctness has damaged. Politicians were elected to be servants of "We the people,"  yet are now becoming our masters and We the sheeple their servants. Listen closely to the candidates and see if you recognize the terms listed in EarsToHear.net Progressive Politically Correct Dictionary used to dupe the electorate.

There are four major areas on EarsToHear.net: The Kingdom of God, America’s Republic, America’s Moral Decline, and Comprehensive Resources. Plus, EarsToHear.net offers a free newsletter with an ongoing preview available on the home page.

EarsToHear.net Newsletters and Op-Ed's provides a selected consolidation of news and commentary related to the Kingdom of God and the preservation of America's Republic and Christian heritage. Exhorting American Christians to be the Salt & Light our Lord commands us to be, and confront  those who are attempting to eradicate God and Christ and destroy the foundation based upon "the Laws of Nature and of Nature's God."

Sign-up here. 

… READ THE REST

Before proceeding to the Soros expose I need to mention one of the best sources on the wicked agenda of George is at Danny Jeffrey’s Blogs Fix Bayonets and Freedom Rings 1776. When you go to those blogs simply type in George Soros in the search box and you’re on your way. Danny Jeffrey also has a massive archive site called Fix Bayonets Library. The last time I checked I believe I read it is a work in progress which indicates constant updating.

JRH 7/6/14

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George Soros - Enemy of the Free Market

EarsToHear.net

EarsToHear Editor: Please Note: Some visitors are mistakenly thinking EarsToHear.net supports George Soros and his devastating agenda simply because this page exists. However, please be diligent and read at least the introduction below, as EarsToHear.net is bringing awareness to the devastating agenda George Soros is promoting.

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Revealing the evil deceptive ploys and tactics of George Soros, progressive liberals, Marxists, Communists, Socialists, et. al. all to create a One World Government of unrepresentative control, in the same manner Radical Islam wants to create a caliphate.

Top 10 Reasons George Soros Is Dangerous by Human Events - Human Events' readers, in an online poll, recently voted billionaire financier George Soros "the single most destructive leftist demagogue in the country."  Here are the Top 10 Reasons George Soros Is Dangerous:

...1.  Gives billions to left-wing causes: 
...2. Influence on U.S. elections:
...3.  Wants to curtail American sovereignty: 
...4.  Media Matters: 
...5.  MoveOn.org:  
...6.  Center for American Progress: 
...7.  Environmental extremism: 
...8.  America Coming Together: 
...9.  Currency manipulation: 
...10.  Delusions:

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The Contents Of This Soros' Backed Group's Playbook To Take Over America Will Leave You Shocked (June 2014) - By Mike Ciandella - According to a recently published briefing book "obtained by Politico" by the liberal megadonor group Democracy Alliance, "progressives' long term success hinges on our ability to fundamentally change our current political system - including large questions about who can vote, the role money should play in politics, and what our courts look like."
  

The briefing, a report card of 2013's challenges and accomplishments for the organization, said that the George Soros founded and funded Democracy Alliance is "more than capable of turning back the latest threats from the Right." According to Politico, the briefing book was provided to Democracy Alliance donors "ahead of April's annual spring meeting."
  

The Democracy Alliance is a membership group that directs funding to a wide variety of liberal causes. It was created to consolidate the efforts of wealthy liberal donors such as George Soros, Tom Steyer and Robert Mckay. The report paid "particular attention" to "the successful examples of alignment that have developed over the last three years and highlight additional opportunities that could further advance our collective visions of a stronger democracy and more progressive America."

   The document highlighted 21 organizations the Alliance viewed as success stories. These "successes" included items like:
   

- "Met goal to coordinate campaigns to block conservatives agendas" (America Votes),
  

- "Met goal to promote progressive vision of the law" (American Constitution Society),
  

- "Met goal to advance progressive state policies" (Center on Budget and Policy Priorities).
  

Another highlighted group, Progressive Majority, boasted that it helped "elect 60 progressives and flip six local governments" in 2013 alone.
  

Towards the end of the document is a list of 172 liberal groups that the Democracy Alliance encouraged its supporters to donate to, entitled "Progressive Infrastructure Map Spring 2014." A footnote on this list states that "[O]ver the last nine years, many of the organizations previously recommended for support by the Democracy Alliance have played instrumental roles in building a stronger, more integrated progressive infrastructure." These 172 groups cover a wide range of left-wing issues such as gun control, LGBT activism, pro-choice activism and climate change alarmism.

BMI Special Report George Soros (8/17/2011): Media Mogul Left Businessman Spends Millions Funding Journalism Read the executive summary or the full report Read sidebar: Top Journalists that Serve on Soros-Funded Boards 
Since 2003, anti-American billionaire George Soros has spent more than$52 million funding media properties, and he has direct ties to more than30 news outlets—including The New York Times, The Washington Post, the Associated Press, CNN, and ABC. In keeping with his hard-left socialist vision for America, Soros goes after this the best way he knows how—through accessing and controlling the "news" media. And if that weren't enough, George Soros has now accepted a position on the National Finance Council of the Ready for Hillary Super PAC, a group paving the way for a 2016 presidential run for the former first lady. If the MRC doesn't expose Soros and neutralize these efforts, who knows where we'll be!

Connections: George Soros has direct or once-removed relationships with 2,074 people, organizations or other entities in our database of the most influential people in America. Under a scoring system that gives more weight to direct links, this score is higher than 99% of all entries. Click here for interactive map of connections.

Obama Stimulus Dollars Funded Soros Empire (April 17, 2012) Newly recently released tax documents, examined and analyzed by Tina Trent of www.sorosfiles.com, reveal how billionaire "philanthropist" George Soros expanded his U.S.-based empire by using funds from the American Recovery and Reinvestment Act of 2009, also known as the Obama stimulus. Soros and Obama worked hand-in-glove through the stimulus, which has been called the largest single partisan wealth transfer in American history.

Be sure to see the George Soros accomplices and their supporting tactics:

 
1. SorosFiles.com - A project of America's Survival, Inc. (ASI).

2. The Progressive Liberal Agenda

2. (sic) The Progressive Politically Correct Dictionary of clever terms of contradiction used to dupe the unsuspecting "We the sheeple" into relinquishing the freedom and "Rights" of "We the People."

3. GEORGE SOROS-FUNDED COMMUNIST ORGANIZATIONS 

4. Organizations Funded Directly by George Soros and his Open Society Institute By Discover The Networks Organizations that, in recent years, have received direct funding and assistance from George Soros and his Open Society Institute (OSI) include the following. (Comprehensive profiles of each are available in the "Groups" section of DiscoverTheNetworks.org):

Soros, Leftist Honchos Meet in Miami to Plot 2012 Breitbart.com - In May the Biltmore Hotel in Miami hosted a gathering of left-wing muckety-mucks plotting their strategy for the 2012 election cycle. The group hosting the meet-up was the Democracy Alliance, a 2005-created organization of high-powered liberal billionaires. As the Washington Free Beacon reports: Attendees roamed the grounds at the 150-acre tropical resort on their way to cocktail gatherings, salsa dance lessons, and workshops such as “Occupy the Voting Booth” and “The 1 Percent Rule.” Local police guarded entrances as members attended a “partners only” meeting in the hotel’s Country Club Courtyard. George Soros showed up to party, as did Andy Stern, former SEIU president. Ari Rabin-Havt, executive vice president of Media Matters for America, walked around talking about his latest chat with Stephanie Cutter, deputy campaign manager for President Obama. Members of the Center for American Progress also showed up. This was a 1% gathering – a planning operation for the other 99%. And we will see its impact in the months to come.

Soros-funded "civil rights" group in NY sues Pastor Scott Lively for 'crimes against humanity.' Huge international lawsuit on behalf of homosexual activists in Uganda! Files 47-page lawsuit in federal court on the basis of pro-family speeches in foreign country! High-profile attack on religious expression is beginning. ...The accusation: What really happened when Scott Lively was in Uganda? The contortions being used against Lively — versus what really happened - are quite astounding. In 2009, Lively was invited to Uganda to speak at a pro-family conference on the destructive nature of homosexuality and the aggressive nature of the homosexual movement. (He had also been there in 2002.) At least one member of the Uganda Parliament attended the conference and also spoke personally with Lively and others there about the issue. He was then invited to briefly address the Ugandan Parliament. Of particular concern to the officials was the issue of homosexuals targeting children. ...The absurd "legal" case against Lively - We had planned to do a point-by-point refutation of the charges against Lively in the 47-page lawsuit. But that would be too big a project. Almost every line contains some kind of ridiculous assertion or twisted logic attempting to connect Lively to real or imagined horrors in Uganda. In particular, they take statements he made completely out of context (if he made those statements at all) and try to create a powerful monster who upended the country out of a minor pastor from the US who simply came and spoke at a pro-family conference and before the Parliament. We've never seen anything quite like it.

George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Gl (theeconomiccollapseblog.com) Video of George Soros talking about the creation of a New World Order, he discusses the need for a managed decline of the U.S.

Obama's Exclusive George Soros Waivers By Michelle Malkin - "Millionaires and billionaires," President Obama says derisively, must make more "sacrifices" and live by the same rules the rest of America lives by. But there are seven little words that will never appear on the White House teleprompter: "And that means you, too, George Soros." For all his (and his wife's) bashing of greedy Wall Street hedge-fund managers, Obama has shown nothing but love to the world's most famous hedge-fund mogul.

The feeling is mutual and deep(-pocketed). Soros and his family shelled out $250,000 for Obama's inauguration, $60,000 in direct campaign contributions and untold millions more to liberal activist groups pushing the White House agenda. While the class warrior-in-chief assails conniving financiers who exploit loopholes and corporate titans who imperil the planet, he lets the Soros exemptions to his attack-the-rich rules slide like butter on a hot plate.

This week, for example, Soros announced he was "quitting" the hedge-fund industry. The headlines emphasized his decision to return about $750 million to outside investors (a drop in his $30 billion bucket of personal wealth). He's reconstituting the business that landed him on Forbes magazine's "wealthiest people" list as a "family" interest. But the move has "self-serving politics" written all over it. Over the past year, Soros provided coveted support for Obama and the Democrats' Byzantine financial "reforms" under the sweeping Dodd-Frank law. He preached to financial publications around the world about the need for increased regulatory controls over his industry. And in November 2008, while paying obligatory lip service to concerns about going too far, he submitted a statement to the House Committee on Oversight and Government Reform that recommended: "The entire regulatory framework needs to be reconsidered, and hedge funds need to be regulated within that framework."

Frameworks for thee, but not for he, however. Under Title IV of Dodd-Frank, hedge funds were required to abide by new registration and reporting requirements in an attempt to better police systemic risk (not that the feckless Securities and Exchange Commission has ever been able to fulfill that mission). To evade the regulations, Soros and other firms have used a recently passed rule allowing so-called family offices to shield themselves from both registration and disclosure rules that would have subjected Soros Inc. to a new "Financial Stability Oversight Council."

Soros and liberal groups seeking top election posts in battleground states WASHINGTON TIMES — A small tax-exempt political group with ties to wealthy liberals like billionaire financier George Soros has quietly helped elect 11 reform-minded progressive Democrats as secretaries of state to oversee the election process in battleground states and keep Republican "political operatives from deciding who can vote and how those votes are counted"...

Fear this By Michael Oberndorf A little noticed story in the Washington Times last week should scare the heck out of real Americans (See previous link). George Soros, whose name should now be pretty familiar to most conservatives, is involved in a far-left scheme to elect Secretaries of State, gaining control of election machinery and thus, the outcome of elections. As many have learned, Soros is an unrepentant, apparently sociopathic fascist, who got his training from the Nazis during WWII, confiscating the property of fellow Jews who had been shipped off to the death camps. He is also the man who made billions manipulating currencies and wrecking the Malaysian and British economies.

Soros is a major source of money behind a number of radical leftist outfits, like moveon.org, the Center for American Progress, the now defunct, but reorganizing ACORN, Apollo Alliance, National Council of La Raza, Tides Foundation, Huffington Post, Southern Poverty Law Center, Soujourners (sic), People for the American Way, Planned Parenthood, and the National Organization for Women. He is also a member of the Council on Foreign Relations, and the Bilderbergs. The group in question here is the Secretaries of State Project (SSOP), formed in 2006, supposedly to "to stop Republicans from 'manipulating' election results."

Over the years, it has become clear that when the left accuses conservatives or Republicans of something, it is a sleight of hand move to cover up the fact that it is they, the left, who are doing that very thing. They have been far too successful with this strategy, having won 11 of 18 elections, including Nevada, Minnesota, and Ohio. All three states have had recent elections where fraud was obvious, or highly likely. In Nevada, Sharon Angle was slightly ahead of Harry Reid in the polls just before the election, but was defeated by an impossibly large margin, most likely, from the votes of illegal aliens. Al Franken kept "finding" uncounted ballots that, miraculously, were all for him, and accepted by the Secretary of State. In Ohio, voter fraud was described as "massive" and pooh-poohed by the Secretary of State. Nothing to see here, folks. Let's just move along, now.

SSOP is anything but a grassroots, ordinary American, represent the working class organization. To give you an idea of who is behind SSOP, along with billionaire Soros, donors include furniture company heir John R. Hunting; computer company executive Paul Rudd; medical-supply firm heiress Pat Stryker; venture capitalist Nicholas Hanauer; ex-Clinton administration official Rob Stein; Tides Foundation founder Drummond Pike; real estate developer Robert Bowditch; charitable foundation co-chairman Scott Wallace; clothing executive Susie Tompkins Buell; real estate developer Albert Dwoskin; child psychologist Gail Furman, also chairman of the Furman Foundation, a major donor to extreme "progressive" organizations; and Taco Bell heir Rob McKay.

But wait. These are the Big Rich. Many have inherited their wealth. How can they be "progressives?" Could it be that "progressive" is a euphemism for "fascist?" Indeed it could. The point here is that these enemies of freedom are extremely well funded and have systematically been working at undermining our election system for at least five years, while we have trustingly slept.

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Over 30 Major News Organizations Linked to George Soros ABCs Amanpour, Post VP Downie on boards of groups funded by left-wing billionaire. By Dan Gainor - First of Four Parts - When liberal investor George Soros gave $1.8 million to National Public Radio, it became part of the firestorm of controversy that jeopardized NPR's federal funding. But that gift only hints at the widespread influence the controversial billionaire has on the mainstream media. Soros, who spent $27 million trying to defeat President Bush in 2004, has ties to more than 30 mainstream news outlets - including The New York Times, Washington Post, the Associated Press, NBC and ABC. Prominent journalists like ABC's Christiane Amanpour and former Washington Post editor and now Vice President Len Downie serve on boards of operations that take Soros cash. This despite the Society of Professional Journalist's ethical code stating: "avoid all conflicts real or perceived." This information is part of an upcoming report by the Media Research Centers Business & Media Institute which has been looking into George Soros and his influence on the media.

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George Soros Is REALLY George Schwartz And 10 More Terrifying Things We Learned From Glenn Beck's Expose

VIDEO LINK: http://mediamatters.org/video/2010/11/09/puppet-master-beck-attacks-george-soros-part-3/173103

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IMF bank lords & George Soros' INET at Bretton Woods, what's the diff? Arlen Williams - The INET Bretton Woods summit, summoned by George Soros and those who alternatively hide behind, or gather around him, has now happened. But before trying to analyze whatever we may discover of what occurred there, it is critical to discern how it fits an overall picture. For context, one must also see what the IMF and World Bank "communitarian" elitists are up to. We find that before the Bretton Woods affair, focusing upon "new solutions," there was a similar IMF meeting, called "New Ideas for a New World." It was centered upon "Post-Crisis Policy Making" and occurred March 7-14. That gave some of them a lot of time to communicate and plan in quiet (the traditional word for that is conspire) when they were not attending official sessions, or making videos. Then, we see that Soros' April 8-11 conference ended just as the IMF and World Bank took up their April 11-17 Spring Meetings, just a limo ride away. "Blossom of Spring, won't you bloom and grow?" Let us see what is budding in this intensive series of conferences, by the first one's own promotional vid. Here is a collection of pitches for "New Ideas for a New World." Hey, they left out the last word, "Order." Could it be that some of them know their version of order requires fomenting massive disorder first, the crises not to be wasted? They also left out the word "Brave," before "New World." Maybe that is because some of them like Huxley, have qualms. This video puts their dexterous foot forward about that March 2011 conference, while their sinister footfalls go on. So who are these dudes, getting together and yukking it up (well, three out of four globalist manipulators seem to approve) and just how spooky are they? What are the messages of the Big Money priests, to the unwashed, PITI-ful masses of principal, interest, taxes, and insurance payers?

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Unreported Soros Event Aims to Remake Entire Global Economy Left-wing billionaire's own experts dominate quiet push for 'a grand bargain that rearranges the entire financial order.' By Dan Gainor - Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start - and no one seems to have noticed. On April 8, a group he's funded with $50 million is holding a major economic conference and Soros's goal for such an event is to "establish new international rules" and "reform the currency system." It's all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for "a grand bargain that rearranges the entire financial order." The event is bringing together "more than 200 academic, business and government policy thought leaders' to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund. Soros wants a new 'multilateral system," or an economic system where America isn't so dominant.

George Soros assault on U.S. Constitution See which White House officials involved in rewriting nation's founding document By Aaron Klein - At least three White House advisers and officials, including President Obama's regulatory czar, Cass Sunstein, have ties to an effort funded by billionaire George Soros to push for a new, "progressive" U.S. Constitution. ...Now it has emerged that Sunstein has maintained extensive ties to Soros' funding, particularly with regard to a movement that openly seeks to create a "progressive" consensus as to what the U.S. Constitution should provide for by the year 2020. Also, Attorney General Eric Holder sat on the board of a Soros-funded group pushing the same "progressive" constitution. ...WND has learned that in April 2005, Sunstein opened up a conference at Yale Law School entitled, "The Constitution in 2020," which sought to change the nature and interpretation of the Constitution by that year. That event was sponsored by Soros' Open Society Institute as well as by the Center for American Progress, which is led by John Podesta, who served as co-chair of Obama's presidential transition team. Podesta's Center is said to be highly influential in helping to craft White House policy. The Yale event on the Constitution was also sponsored by the American Constitution Society, or ACS, which has been described as a group meant to counter the work of the Federalist Society, which has been at the forefront of the push for a more conservative judiciary since its launch in 1982. The ACS is the main organization behind the movement to ensure a more "progressive" constitution, having received more that (sic) $2,201,500 from Soros' Open Society since 2002. Attorney General Holder served on the ACS board of directors.

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Soros fingerprints on Mideast chaos Billionaire tied to opposition leader, funded groups opposing U.S. allies  Philanthropist billionaire George Soros has funded opposition organizations in Egypt and throughout the Middle East, where anti-regime chaos has already toppled the pro-Western leader of Tunisia and is threatening the rule of President Hosni Mubarak, a key U.S. ally. Mohamed ElBaradei, one of the main opposition leaders in Egypt, has also sat on the board of an international "crisis management" group alongside Soros and other personalities who champion dialogue with Hamas, a violent offshoot of the Muslim Brotherhood. The Brotherhood, which seeks to spread Islam around the world in part by first creating an Islamic caliphate in Egypt, now backs ElBaradai, who has defended the group in the news media the last few weeks.

'Citizen Soros' now targeting messenger Report documents move by 'radical philanthropist' to control message For someone who once described himself as "some kind of god" and said that makes him feel comfortable, the scrutiny of a new report that looks into his increasing influence over the messengers in today's world probably won't have a personal impact. But whether it affects him or not, octogenarian billionaire George Soros' funding of a media "monitor" that routinely attacks traditional and conservative media is becoming a focal point. The report by Matthew Vadum, editor of Organization Trends, is scheduled to be released by the Capital Research Center in January. ..."With a straight face he told reporters, 'It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out,'" Vadum continued, citing Soros' comments from 1993. It is the second major look at Soros since the election. The monthly Whistleblower magazine looked at the "evil emperor" the Empire's shadowy and malevolent puppet-master" in its December issue. The edition illuminated the heart and soul of the mysterious leftwing transformer of societies, revealing how he creates and financially sustains scores of influential and shockingly anti-American organizations, and seems dedicated to converting America into a European-style, government-controlled, socialist state. Vadum's report documents how for a long time Soros' has been buying up media properties and funding "left-leaning" websites and groups, many of which try to keep their ties hidden.

George Soros video: having fun subverting nations Arlen Williams - George Soros: again from the voracious Mouth of Soros, this time "god" describes how he has had "a lot of fun" subverting governments and "disrupting" regimes deemed by god's Marxist mind, "repressive." Shucks, inevitably, folks are hurt, he says. But, "unintended," George? Reeealyy?

VIDEO LINK: Puppet Master Soros Has 'Fun' Subversively Affecting Societies; Lays Out His Plan For America

Embed Code -

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Report: Soros spent millions to 'undermine' judiciary Campaign sought 'commissions' that avoided public input on candidates for judgeships By Bob Unruh 2010 WorldNetDaily - Radical progressive billionaire George Soros has spent some $45 million in recent years on efforts to take away power from voters to select judges, a new report released today by the American Justice Partnership reveals.  The report by attorney Colleen Pero was introduced at an event held by the Heritage Foundation. It identified $45 million spent by Soros, who funds a large range of left-wing action groups, to "remake the judiciary and fundamentally change the way judges are selected in the United States." "This movement to end citizen participation in state judicial elections has been moving swiftly and silently, below the radar of the citizens who would be impacted by Mr. Soros' millions," said Pero in a statement about her report, "and it was time to bring this effort to the public's attention."

Billionaire Soros Donates $100 Million to Anti-Family, Anti-Faith Group Billionaire liberal activist George Soros announced today that he plans to donate $100 million to Human Rights Watch (HRW) a "non-partisan, watch dog" organization that purports to alert the United Nations on human rights abuses.

Liberals Form Tea Party Tracking Website, Plan 10/2 Rally at National Mall, UPDATE: George Soros Fingerprints  Soros and the foundation left have launched a website designed to go after the growing Tea Party movement. Teapartytracker.org will post video interviews and blog entries gathered by folks on the false left who never grow weary of demonstrating their outrage over the very idea of a grassroots political effort overthrowing establishment Democrats and Republicans in the district of corporate criminals. Teapartytracker.org will be sponsored by the NAACP, Think Progress, New Left Media and Media Matters for America. Think Progress is a George Soros operation connected to John Podesta's Center for American Progress. Podesta is Clinton's former chief of staff. Media Matters for America is the brainchild of a MoveOn consultant and Podesta's Center for American Progress. Soros is a major supporter of MoveOn.

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Soroswood: The Intersection of Politics and Hollywood Propaganda, Part 1 & Soroswood: The Intersection of Politics and Hollywood Propaganda, Part 2- An important expose of George Soros, in two parts. In case you didn't know, Chelsea Clinton's wedding was held at the estate of Soros' daughter. This series shows how Soros took over Hollywood in the early 90s and undermined the conservative Democrats in a series of moves that included helping to get the McCain-Feingold bill passed to limit campaign funds (e.g., free speech).

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Evangelical Left Icon Jim Wallis Finally Admits to Dollars from Billionaire Leftist George Soros

A George Soros-funded, Marxist-founded organization with close ties to the White House has urged the Federal Communications Commission to investigate talk radio and cable news for "hate speech." The organization, calling itself Free Press, claims media companies are engaging in "hate speech" because a disproportionate number of radio and cable-news networks are owned by non-minorities.

Soros-funded group urges media run by government Marxist-led study has close ties to Obama White House officials

Soros manipulates euro - is U.S. dollar next? Jerome Corsi suspects left-wing billionaire George Soros is trying to manipulate the euro as part of his goal of establishing a one-world currency and a one-world government.

Fact ##45: It's a Liberal White House, by George! In 2003, billionaire George Soros came up with the idea to form a liberal alternative to the conservative Heritage Foundation. While the Leftist staffed the Center for American Progress (CAP) with former Clinton administration employees, they have heavy influence with the Obama administration, including a role in guiding the Obama transition team and loaning out staff to join President Obama's administration. At least one of CAP's employees was so controversial that he was compelled to step down: Van Jones, President Obama's nominee for "green czar," had close ties to Marxist and other radical groups and theories. After leaving the administration, Mr. Jones rejoined CAP. Former Sen. Tom Daschle, a lobbyist on the staff of CAP, was in line to become President Obama's Secretary of Health and Human Services but withdrew his name after records showed he was negligent in his taxes. After returning to the lobbying world, Sen. Daschle continued to advise White House and congressional leaders on the issue of health care--despite the conflict of interest.

George Soros-funded left-wing propaganda attack group targeting MassResistance in attempt to defend 'safe schools' czar Kevin Jennings.

A major left-wing propaganda attack group funded by billionaire George Soros has begun aggressively targeting MassResistance because of our exposure of Kevin Jennings, Obama's "safe-schools" czar and his activities pushing homosexuality on schoolchildren.

Media Matters is headed by David Brock, an ex-conservative writer (and "out" homosexual) who now professes his hatred for conservatism and conservatives. Media Matters has a large staff and millions of dollars per year in funding.

The group's purported mission is to be a "rapid-response" site that "informs" the mainstream media on bias. But more precisely, Media Matters' true mission is to viciously discredit any non-liberal discourse with a flood of distortions, rumors, and outright lies. Their targets have ranged from Fox News to conservative news reporters and radio commentators.

How vicious and deceptive is Media Matters?

Watch this powerful O'Reilly Factor Fox News report about them:

CLICK HERE for VIDEO [Video removed by Youtube or publisher]

More videos about Media Matters:

VIDEO: O'Reilly: Media Matters is far-left & an assassination site

VIDEO: Glenn Beck on Media Matters [Video removed by Youtube or publisher]

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George Soros launches a $50 million effort to purge economics of its free-market zeal. Michael Hirsh October 27, 2009
 

Soros: Republic Enemy #1 Jim O'Neill - "The main obstacle to a stable and just world order is the United States." --George Soros

"George Soros is an evil man. He's anti-God, anti-family, anti-American, and anti-good." --Rev. Jesse Lee Peterson

...What we have in Soros, is a multi-billionaire atheist, with skewed moral values, and a sociopath's lack of conscience.  He considers himself to be a world class philosopher, despises capitalism, and just loves social engineering.

...A blog you might want to keep an eye on is SorosWatch.com.  This is their mission: "This blog is dedicated to all who have suffered due to the ruthless financial pursuits of George Soros. Your stories are many and varied, but the theme is the same:  the destructive power of greed without conscience. We pledge to tirelessly watch Soros wherever he goes and to print the truth in the hope that he will one day stop preying upon the world's poor that justice will be served.

Gyrgy Schwartz, better known to the world as George Soros, was born August 12, 1930 in Hungary.  Soros father, Tivadar, was a fervent practitioner of Esperanto a language invented in 1887, and designed to be the first global language, free of any national identity.

...In 1956 Soros moved to New York City, where he worked on Wall Street, and started amassing his fortune.  He specialized in hedge funds and currency speculation.

Soros is absolutely ruthless, amoral, and clever in his business dealings, and quickly made his fortune.  By the 1980s he was well on his way to becoming the global powerhouse that he is today.

In an article Kyle-Anne Shiver wrote for The American Thinker she says, "Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England.  He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically almost overnight."

...Back to America.  Soros has been actively working to destroy America from the inside out for some years now.  People have been warning us.  Two years ago Bill O'Reilly said on The O'Reilly Factor that Soros [is] an extremist who wants open borders, a one-world foreign policy, legalized drugs, euthanasia, and on and on. This is off-the-chart dangerous. (Source) In 1997 Rachel Ehrenfeld wrote, Soros uses his philanthropy to change or more accurately deconstruct the moral values and attitudes of the Western world, and particularly of the American people.

His Open Society is not about freedom; it is about license. His vision rejects the notion of ordered liberty, in favor of an ideology of rights and entitlements. Perhaps the most important of these whistle blowers are David Horowitz and Richard Poe.  Their book The Shadow Party outlines in detail how Soros hijacked the Democratic Party, and now owns it lock, stock, and barrel.

Soros has been packing the Democratic Party with radicals, and ousting moderate Democrats for years.  I don't have time to do the subject justice in this article, but Jamie Glazov of FrontPage has an excellent interview with Richard Poe, which will fill you in on many of the facts. The Shadow Party became the Shadow Government, which became the Obama Administration.

...When the Democrats and Republicans held their conventions in 2000, Soros held Shadow Party conventions in the same cities, at the same time.  Republican Senator John McCain was the keynote speaker at the Soros Convention (so labeled by the late Robert Novak) in Philadelphia. Soros has dirtied both sides of the aisle, trust me.  And if that weren't bad enough, he has long held connections with the CIA.

...Some of the many NGOs (None Government Organizations) that Soros funds with his billions are: MoveOn.org, the Apollo Alliance, Media Matters for America, the Tides Foundation, the ACLU, ACORN, PDIA (Project on Death In America), La Raza, and many more.  For a more complete list, with brief descriptions of the NGOs, go to DiscoverTheNetworks.org. Poe continues, Through his global web of Open Society Institutes and Open Society Foundations, Soros has spent 25 years recruiting, training, indoctrinating and installing a network of loyal operatives in 50 countries, placing them in positions of influence and power in media, government, finance and academia.

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The George Soros Network - Discover The Networks.org - George Soros is one of the most powerful men on earth. A New York hedge fund manager, he has amassed a personal fortune estimated at about $7.2 billion. His management company controls billions more in investor assets. Since 1979, his foundation network -- whose flagship is the Open Society Institute (OSI) -- has dispensed an estimated $5 billion to a multitude of organizations whose objectives are consistent with those of Soros. According to Richard Poe, co-author (with David Horowitz) of the 2006 book The Shadow Party: "The Shadow Party is the real power driving the Democrat machine. It is a network of radicals dedicated to transforming our constitutional republic into a socialist hive. The leader of these radicals is ... George Soros. He has essentially privatized the Democratic Party, bringing it under his personal control. The Shadow Party is the instrument through which he exerts that control. ... It works by siphoning off hundreds of millions of dollars in campaign contributions that would have gone to the Democratic Party in normal times, and putting those contributions at the personal disposal of Mr. Soros. He then uses that money to buy influence and loyalty where he sees fit.

George Soros Funding New Liberal Advocacy Group (2/10/2008) Billionaire financier George Soros is contributing $2.5 million to a new political organization that promotes Democratic causes in the 2008 elections. A year-end campaign report filed with the IRS and uncovered by The New York Times confirmed an earlier Newsmax report disclosing that the group, Fund for America, was organized by Taco Bell heir Rob McKay, former Clinton White House Chief of Staff John Podesta, and Anna Burger of the Service Employees International Union. The SEIU matched Soros contribution. Newsmax reported in November that the liberal activists had joined forces to form the so-called 527 group named for a section of the tax code that allows such an organization to attempt to influence elections as long as it discloses donors and expenses. Fund for America is expected to air television ads and take other political action designed to help Democrats win the White House and retain control of Congress, Andrew Malcolm of the Los Angeles Times reported. The organization will also focus on direct mail and door-to-door canvassing.

There Goes the Neighborhood The heartland is poised to get some religious heartburn, courtesy of the American Civil Liberties Union (ACLU) and mega-donor George Soros. The organization best known for suing its way to Christian suppression has its eyes on some prime conservative real estate in its $335 million local expansion. Knowing that the biggest battles may soon be fought on the smallest scales, these agents of social injustice plan to "build a civil liberties infrastructure in the middle of the country," bringing with it a radical agenda of homosexual rights, unlimited abortion, the extinction of the traditional family, and secularism. Hoping to add new offices in the battleground states of Michigan, Texas, Florida, Missouri, Mississippi, Montana, New Mexico, and Tennessee, the ACLU has already raised the majority of the funding needed to accomplish its national campaign. With overflowing bank accounts, taxpayer dollars from attorney fees in Establishment Clause cases, and offices in key red states, the ACLU will be a formidable force. The organization's executive director, Anthony Romero, wasn't coy about the far Left's intent. "If Republicans lose control of Congress and the White House, we can be sure the religious right will be much more active on the state level--our work will be critical there." By "our work," Romero must have been referring to the ACLU's efforts to persecute Christians and bully Americans into abandoning their moral beliefs. Now that Soros aims on bringing legal intimidation to our backyards, it is vital that we respond by stepping up our efforts.

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Blog Editor: This is about half way through the George Soros page on EarsToHear.net. Thus I am arbitrarily cross posting this as Part One.