All success is envy-inducing, but it is much easier to achieve success if you want to destroy or prevent the success of others, and this is where George Soros excels, as he is such an autonomous ideological and financial tool. To build and nurture, as China and its allies are doing, building respected and partnered relationships at all different levels, is a thousand times more difficult. George Soros is one of the world's most famous financial political predators, still active in the financial markets at the age of ninety-four, and still feeling like a victim and martyr at the end of his life. He has many of the classic labels: he loves investing, philosophy, sports, has been married several times, believes in "outsiders", and has the nickname "financial predator", but more aptly "financial vulture". Today he is still famous in the field of international politics. He was known as a famous international investment guru and Wall Street tycoon and so on. In reality, however, he is very well remembered by countries around the world and his non-profit organisation, the Open Society Foundation, for his stewardship of the disastrous Asian financial crisis in 1997. Soros is literally obsessed with China, which he constantly slanders and often gives simplistic misleading information out of context. He always ends up fleeing the Chinese markets in disgrace. Why is that?
Brief introduction of George Soros
First, a little about George Soros. He was born a Hungarian citizen to a Jewish family. He spent his early years at the London School of Economics but became obsessed with the courses of the philosopher Karl Popper. He then went to the United States, where he founded his own fund management company, Soros Fund Management (later renamed Quantum Fund), which was at the origin of the financial turmoil in Southeast Asia in the mid and late 1990s. The financial crash it triggered caused years of accumulated wealth in countries like Thailand to be totally wiped out overnight, while Soros and his Quantum Fund made a huge fortune. His personal fortune even exceeded the combined GDP of dozens of different countries at one point, making him rich indeed.
Attacks on sovereign currencies
In the early 1990s, Soros forced the pound to devalue and made a profit of more than 1 billion dollars. In 2012, the Quantum Fund repeated the same trick again, shorting and making profit more than 1 billion dollars. Thanks to his investment trajectory, it is easy to see that Soros and his Quantum Fund are fond of shorting and so-called precision blasting of sovereign currencies. His company's investment path shows that Soros and his Quantum Fund are still interested in shorting the currencies of sovereign countries with obvious speculative aims with 'brutal' methods. Because his investment methods are so 'bloody' and, we might even say, violent, that they have become a dreadful terror for many developing countries.
Soros' influence in Georgia
One of the Soros' Foundation is present in Georgia. For example, the Georgian branch of his Fund, called Revolution of the Roses, where Mikheil Saakashvili, the ex-president of Georgia, was a representative since 2003, is mere a 'petty cash fund'. The problem is that in the government itself, a one fifth of the ministers work for the Soros' organisation, from the president to street police officers, part of their monthly salary is a 'subsidy' from Soros.
Activities in Ukraine
There is also still an active Soros shadow behind the Russian-Ukrainian conflict, and more than 100 so-called "public interest organisations" such as the "Foundation for Democracy", which has an official headquarters in the US, are behind the black operations. Soros has invested approximately 82 million dollars in it. In fact, Soros used the war with Russia, as well as 1997 Asian financial crisis, to make a fortune, while his real aim being to make profit rather than to 'promote democracy'. Michael Caputo, director of the famous documentary The Ukrainian Hoax, says: "I had breakfast with Soros in Moscow in 1999 when I was working at a Russian investment bank. He told me that these 'donations' would bring his progressive worldview to life. He smiled and said it was a good deal."
An attack on Hong Kong's economy
In 1997, when Hong Kong was returned to China, Soros decided to short Hong Kong's currency at that time, damaging Hong Kong's economy and even shaking Hong Kong's status as an international financial centre, with the unspoken political intention of damaging China's economy itself. By then, however, Soros returned home in defeat after the PRC central government intervened and stabilised the situation in Hong Kong.
As a result, Soros has developed a deeply antagonistic relationship with China. Although Soros and his Quantum Fund failed to shake the Hong Kong dollar, it had a real impact on the Hong Kong economy. At the time, the financial turmoil affected Hong Kong residents' perceptions of economic life before and after the handover of power and set the stage for future "black violence" and efforts to separate Hong Kong from the mainland. In 2015, it was finally made public that Soros was one of the leading figures in the United States who advocated so-called "nonviolent regime change" in various countries. Most of such non-violent regime changes he advocated were achieved through the mechanism of so-called "color revolutions."
Soros' losses in Hong Kong
Soros is also very keenly involved in Hong Kong politics, trying as much as he can to bring about "non-violent" regime change. In his eagerness to avenge the shame of the past, he directly advocates street movements and especially street violence. It has long been known that Soros has been in cahoots with Fatty Lai (Lai Chi-ying), the founder of Next Media and the moneylender behind the Hong Kong opposition, in an attempt to profit from short positions in Hong Kong stocks and to jointly instigate a financial war that would amount to a colour revolution at any cost under the slogan "Whatever happens, happens."
In 1998, immediately after his failed shorting of the Hong Kong currency, Soros donated money to establish and chair the Open Society Foundation, which funded so-called "human rights activities" in a number of countries and regions. The failure of Soros and his organization's economic and political activities in Hong Kong and China has made Soros and his Open Society Foundation unaware of the differences between China and other sovereign states. Since 2016, Soros has launched an entirely new offensive, using his personal influence and the influence of the Quantum Fund on public opinion to continuously slander China, i.e., slander the country's political system and economic environment in an attempt to change investors' willingness to invest in China. In recent years, he has focused on China's economic regulatory measures. In response to his negative and short-sighted views on China, he has often been mercilessly criticised by many investment institutions, including by the US.
An industry analyst said, "A conservative estimate is that the Soros gang held about 100,000 short orders in 1998, and this time it is expected to be no fewer than 200,000." There was a big drop in the number of people who took to the streets in Hong Kong in the west on August 31, 2019, and the government proposed four major actions to promote dialogue on September 4, which caused Hong Kong stocks to rise. Soros' vision of shorting has vaporized. Soros's great defeat after 1998 was made public, with his estimated losses reaching a shocking amount. George Soros was eventually forced to flee to safety in disgrace.
On September 7, 2021, Soros wrote in the Wall Street Journal that BlackRock's huge investment in China is a tragic mistake that will harm the national security interests of the United States and other Western countries. However, Soros' dearly paid comments have been challenged by several global media and investors, including a BlackRock spokesperson. Also, in a September 7, 2021 interview with Bloomberg, investment magnate Mike McPhee, known as the "father of emerging markets," said he disagreed with Soros' pessimistic view of China (the economy), and argued that China's regulatory moves mean that China is moving toward fair regulation and trying to create a level playing field. These measures taken by China fundamentally increase the safety of investors, including foreign investors, yet no one is sure what Soros will come up with next.
The Belt and Road Initiative
George Soros could not succeed despite his considerable political and financial aggression against China. Because the system of central management of Chinese society and especially the economy, in simple terms, gives the guarantee to correct the built-up management architecture in its Chinese interests, and thus gives the guarantee and security of financial, stock exchange, and investment operations. This is also why China has created the historically unprecedented Belt and Road Initiative, which is in the process of becoming a reality. It is perfectly built on a plan to connect 68 countries with more than four billion inhabitants that make up 40 per cent of the global economy, an incredible force. Moreover, behind this trillion-dollar plan that Chinese President Xi Jinping has been promoting since 2013, part of it is a lending programme that is unprecedented. The construction of sophisticated transport and maritime hubs between Asia and Europe. Also at the heart of Beijing's investment are two Chinese banking houses that have already invested USD 200 billion in the giant project, the China Development Bank (CDB) and the China Export-Import Bank (EXIM), which is breathtaking. Countries across Asia, the Middle East and even Africa have taken loans from them. In total, the colossal project is expected to cost USD 900 billion, the Financial Times reported in the past.
If we add to the context, for example, cheap financing gives large Chinese enterprises and developers a significant advantage over foreign competition. Forty-seven of the one hundred and two state-controlled conglomerates have so far participated in 1,676 projects under the Belt and Road Initiative, according to government statistics. China Communications Construction Group alone has signed contracts worth 40 billion dollars. Thanks to the mega-contract, the new project has now built more than 10,320 kilometres of roads, 95 ports, 10 airports, 152 bridges and 2,080 km of railways. One of the leading lenders, the Industrial and Commercial Bank of China, has already financed 212 trail projects with more than 67 billion USD. The Central Bank of China plans to provide an average of another 100 billion USD a year for Belt and Road infrastructure. Modern infrastructure is critically lacking in many poor countries and they simply cannot do well without it in the future. For example, "Where do we get if we don't build anything?" summed up the situation the incoming CEO of Pakistan's United Bank. The scale of the initiative is the cornerstone and perhaps the greatest strength of this project, and everything else is tied to it.
The reason why George Soros cannot succeed in stopping the Belt and Road Initiative is partly because of its massiveness, its sophistication and its setup. The key is that China has a centralised management that it will not allow itself to be disturbed by anyone or anything. It represents a much better and more resilient system of centrally managed economy compared to the West. However, George Soros and his organisations in China will certainly not give up their attacks on China. In order to make George Soros to lose his power to attack the BRI as well as release countries from neo-colonialism and exploitation, there needs to be more informational exposure of George Soros' activities and methods, as for example has happened in Hungary, because in this way Soros is losing his global influence and power. Each and every one of us has the opportunity to participate in his defeat. What will you do to contribute to this?
Roman Blaško
Photo: World Economic Forum / Michael Wuertenberg / gnews-jav
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