George Soros, His Life And Deeds
George Soros was born on August the twelfth day of 1930 in Budapest, Hungary. He wasn't always known as George Soros, the name was changed during the Nazi occupation for the very obvious reasons that he and his family were and are Jewish by decent, and did not wish to stop living any time soon. George was born as Schwartz György.
George's father had been a POW during the first world war - which anyone in the know would have known would not be the war to end wars, and was a writer that wrote in the very interesting language known as Esperanto, which could be referred to as "the language of hope."
For the obvious reasons of the Nazis, I can't help but think that before George had reached his teenage years he'd already experienced some tremendous stress in his life. He as a pre teen been involved in the spreading of information to the local Jews - vital information that possibly saved quite a lot of them from deportation and death in the gas chambers.
At fourteen years of age George Soros survived the Battle of Budapest, and surely that was something so terrifying that very few now living here in the Western World or otherwise can relate to. It would be near to impossible for that to not have left a lifelong impression upon our billionaire George.
A Younger George Soros
Immigration To England, and George Soros Enters The Banking Business
In 1947 George Soros, at seventeen years of age, found himself living with relatives in England. He was an industrial sort, never lazy, and eager to work. George had managed to land a few diverse jobs, and decided he wasn't much meant for any of them. Ambition got him by the tail, and he showed his ambitious nature by writing letters to every merchant bank that he could, asking for jobs - and he found one too, and entry level position at Singer & Friedlander.
By the mid 1950s our George Soros had immigrated yet again, and this time he'd left Europe for the world's greatest superpower, the wealthiest nation on Earth, and it's single biggest city. He was living in New York City, of course, and as an arbitrage trader for F. M. Mayer.
Nobody could ever call George Soros stupid, and he is and was a bit of a social philosopher, and developed the theory of reflexivity, based upon the ideas of Karl Popper Of course "reflexivity" is a bit more than a George Soros theory in regards to markets, but is not economics a social theory and application of sociology? Why Yes, yes it is.
George Soros and Black Wednesday!
George Soros - Reflexivity In Action
It would be unfair and untrue to say that George Soros doesn't put his money where his mouth is, and from 1963 to 1973 George Soros, as a vice-president at Arnhold and S. Bleichroderl wanted only to assert himself as a wealth machine, using his own theories, of course. Soros wasn't limited in his activities to the investment banking firm of Arnhold and S Bleichroderi, he also managed some other large investment devices, and created a few more, some with his name on them.
Of course banking is a inherently amoral practice. To be a banker is to value the individual ego above all else, and by extension, the collective of the planet Earth and all humanity - not at all. As an amoral banker Soros did quite well. Perhaps he could justify it all to himself by thinking he'd make up for sin via philanthropy? It is hard to say, I don't know George Soros, but banking is nothing but selling persons dreams, and profiting from sorrow, and in 1992 George Soros would find himself a major player in the United Kingdom's Black Wednesday debauchery - he profited one BILLION US dollars by short selling the entire nation of England..
Some persons clearly see things differently, and see nothing the slightest bit amoral or immoral in the actions of one George Soros in regards to Black Wednesday. Some see it as something that should have been expected, and that it all happened because the government of the United Kingdom were a bit covetous, as usual, in regards to Germany and the position of the German Mark as the leading currency in Europe. I, however, find this all a bit ....unappreciative of George Soros, he'd betrayed the nation that helped him get his start in finance.
Of course making money is often an amoral activity , especially on the scale of bankers- profit knows no honour. George Soros had the following to say about Black Wednesday:
"Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."
George Soros - Financial Vulture And Anti Semitism.
"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi'. - Paul Krugman
Not to let anything past him, George Soros would continue on pummelling global financial markets like a vulture picking at bones. The 1997 Asian Financial Crisis was next, and from Asia complaints about Soros dived into Anti Semitism
"It is a Jew who triggered the currency plunge." - Mahathir bin Mohamad then the Prime Minister of Malaysia.
George Soros, however, was never one to be overly concerned with perceived Anti Semitism, or Anti Semitism in fact. In his book The New Paradigm for Financial Markets - George Soros seemed a financial prophet that got his profit. Somewhat humble, George Soros had the following to say about his profound wealth:
"I'm only rich because I know when I'm wrong... I basically have survived by recognizing my mistakes. I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or [take] flight. When [I] make the decision, the backache goes away"
George Soros Billionaire Felon
George Soros - New World Order Financier, and Global Criminal.
There can be no doubt about it - George Soros is a criminal. He's been convicted of insider trading, and has damaged countless more lives with that than the average crack addict has. The average crack addict, however, goes to prison, and never again has even the slightest opportunity to provide himself or his family with the most meagre of incomes. It truly pays to be a wealthy criminal, and George Soros knows this quite well.
For the record - I don't care who you are, you too are a criminal. The only persons in this world that aren't criminals are the persons without the intelligence to commit a crime. Every cop is a criminal, and every saint is a sinner - that is just how it goes, and if you dispute this notion, kindly hit the backspace button, you angry criminal!
Suffice it to say George Soros was convicted of insider trading in 2002. The highest human rights court in all of Europe convicted Soros of insider trading in connection to his pocketing of three million in shares from the French bank Société Générale.
None of this amounted to much in the way of punishment - billionaires rarely suffer anything but physical malady, and the pangs of demons post demise. On the bright side, I appreciate that George Soros attempted to invested some in the one thing I will watch on a television screen - Major League Baseball. He was a minor partner in a group that sought to purchase the Washington Nationals.
George Soros - Philanthropy
George Soros - Philanthropy
We are all complicated beings, are we not? We rob banks and donate the money to charity, we cut people off in traffic - because we are in a hurry to help out a friend in need. We do a little insider trading, break the bank of England, and donate huge sums to impoverished Africans - we are complicated persons one and all, and persons such as George Soros, well, his complexities can become a bit bigger than life sometimes.
Mr. George Soros spent lavishly of his own will and accord towards bringing Eastern Post Communist Europe into the fold of the Western World - whether that is truly good or bad, I do not know, I'd prefer to hear the opinions of a wide array of Eastern Europeans to decide how I feel about it. George Soros also donated heavily into eradicating some poverty in Africa, and who can doubt that as a worthy cause?
Mr. Soros takes the notion that poverty is a result of bad government, again, that is hard to dispute! Perhaps another time we'll take a look at some the mountain of George Soros conspiracy theories, call them "legion," for they are many.
It can be said that we the living are all moving targets, and George Soros is still amongst us. Lets wish him well and see what follows.
George Soros, a financial carnivore
More by this Author
The great Henry Kissinger has been one of the most influential political thinkers of the past one hundred years.
A formula for bad results.
One of the single most widely desired solid body electric guitars in the world is the Stratocaster. Fender American Strats are anything but cheap, so what is a poor musician to do? Buy one of these.