Every success breeds envy, but it is far easier to achieve success when you want to destroy or prevent the success of others. In the world of global politics, George Soros excels in this, serving as a kind of autonomous ideological and financial tool of the Western world. Building and nurturing, as China and its allies do, by building respected and partnership-based relationships at all levels, is a thousand times more difficult. George Soros is one of the most famous financial predators and destabilizers in the world. Even in his nineties, he is still active in financial markets and still feels like a victim and a martyr at the end of his life. He has a number of classic labels: he loves investing, philosophy, and sports, he has been married several times, he believes in "outsiders," and he has the nickname "financial predator," but a more fitting term is "financial vulture." Even today, he is still famous in the field of international politics. He was known as a famous international investment guru and Wall Street magnate, and so on. In reality, however, countries around the world and his non-profit organization, the Open Society Foundation, remember him very well because he orchestrated the catastrophic Asian financial crisis in 1997. Soros is literally obsessed with China, constantly denigrating it and often presenting simplified and misleading information taken out of context. He always ends up fleeing from the Chinese markets in disgrace. Why is this the case?

Introducing George Soros

First, a little about George Soros. He was born as a Hungarian citizen in a Jewish family. He spent his early years at the London School of Economics, but he was fascinated by the courses of the philosopher Karl Popper. He then went to the United States, where he founded his own company for fund management, Soros Fund Management (later renamed Quantum Fund), which was instrumental in the financial turmoil in Southeast Asia in the mid-1990s and late 1990s. The financial crash he triggered caused years of accumulated wealth in countries like Thailand to be completely destroyed overnight, while Soros and his Quantum Fund made a huge fortune. At one point, his personal wealth even exceeded the combined GDP of dozens of different countries, so he is truly wealthy.

Attacks on Sovereign Currencies

In the early 1990s, Soros forced the pound to devalue and made more than $1 billion. In 2012, Quantum Fund repeated the same trick, again shorting and making more than $1 billion. From his investment track record, it is easy to see that Soros and his Quantum Fund like to short and so-called precisely target sovereign currencies. The investment track record of his company shows that Soros and his Quantum Fund are interested in shorting the currencies of sovereign countries with obvious speculative goals and "brutal" methods. Given that their investment methods are so "bloody" and even violent, they have become a source of fear for many developing countries.

Soros' Influence in Georgia

In Georgia, there is a Soros Foundation. For example, the Georgian branch of this fund, called Rose Revolution, where the representative was the former president of Georgia from 2003, Mikhail Saakashvili, is only a "small financial fund." The problem is that one-fifth of the ministers in the government itself work for the Soros Foundation, and part of their monthly salary is a "subsidy" from Soros, ranging from the president to street police officers.

Activities in Ukraine

Behind the Russia-Ukraine conflict, there is also the persistent influence of what is known as the Soros shadow, and behind the covert operations are more than 100 so-called "organizations of public interest," such as the "Foundation for Democracy," which has official ties in the United States. Soros has invested approximately $82 million in it. In reality, Soros exploited the Asian and Russian financial crises of 1997 to enrich himself, with his true goal being more about making money than "promoting democracy." Michael Caputo, director of the well-known documentary The Ukrainian Hoax, claims: "I had breakfast with Soros in Moscow in 1999, when I worked at a Russian investment bank. He told me that these 'gifts' could bring his progressive vision of the world to life. He smiled and said it was a good deal."

Attack on the Hong Kong Economy

In 1997, when Hong Kong returned to China, Soros decided to short the Hong Kong currency, damaging the Hong Kong economy and even shaking Hong Kong's status as an international financial center, with the unspoken political intention of damaging China's economy itself. However, this time, Soros returned home defeated after the central government intervened and stabilized the situation in Hong Kong.

As a result, Soros created a deep antagonistic relationship with China. Although Soros and Quantum Fund failed to undermine the Hong Kong dollar, it had a real impact on the Hong Kong economy. At that time, the financial turmoil influenced the perception of the economic life of the people of Hong Kong before and after the transfer of power, and paved the way for future "violent unrest" and efforts to separate Hong Kong from the mainland. In 2015, it was finally revealed that Soros was one of the leading figures in the United States who promoted so-called "non-violent regime changes" in various countries. Most of these non-violent regime changes, which he promoted, were achieved through the mechanism of so-called "color revolutions."

Soros's Failures in Hong Kong

Soros is also very actively involved in Hong Kong politics, trying to achieve a "non-violent" regime change. In his eagerness to avenge the shame of the past, he openly supports street movements and, above all, street violence. It is well known that Soros has allied with Fatty Lai (Lai Chi-ying), the founder of Next Media and a usurer behind the Hong Kong opposition, in an attempt to profit from short positions on Hong Kong stocks and to jointly trigger a financial war that would be a color revolution at any cost, under the slogan "Whatever it takes."

As early as 1998, shortly after his unsuccessful 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's and his organization's economic and political activities in Hong Kong and China led Soros and his Open Society Foundation to fail to recognize the differences between China and other sovereign states. Since 2016, Soros has launched a completely new offensive, using his personal influence and the influence of the Quantum Fund foundation to manipulate public opinion in order to constantly denigrate China, that is, to denigrate 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 Chinese economic regulatory measures. In response to his negative and short-sighted views on China, he has often been harshly criticized by many investment institutions, including those in the United States.

An industry analyst stated: “According to a conservative estimate, Soros's gang held approximately 100,000 short orders in 1998, and this time, it is expected that there will be no fewer than 200,000.” Subsequently, on August 31, 2019, there was a significant decrease in the number of people who took to the streets in Hong Kong, and the government proposed four main actions to promote dialogue on September 4, which caused the Hong Kong stock market to rise. Soros's vision of shorting has evaporated. Soros's major defeat after 1998 was revealed, with his estimated losses reaching an incredible amount. George Soros was eventually forced to flee in disgrace.

On September 7, 2021, Soros wrote in the Wall Street Journal, that the massive investment by BlackRock in China is a tragic mistake that will harm the national security interests of the United States and other Western countries. However, several world media outlets and investors, including a spokesperson for BlackRock, questioned Soros's expensive comments. Also, in an interview with Bloomberg on September 7, 2021, investment magnate Mike McPhee, known as the "father of emerging markets," stated that he disagreed with Soros's pessimistic view of China (the economy), and argued that China's regulatory measures mean that China is moving towards fair regulation and is trying to create a level playing field. These measures taken by China significantly increase the safety of investors, including foreign investors, but no one is certain what Soros will come up with next.

The Belt and Road Initiative

George Soros has been unable to succeed, despite his significant political and financial aggression against China. This is because the Chinese system of centralized control, especially in the economy, provides a guarantee to correct the established management structure in China's interests, thereby ensuring the security and stability of financial, stock market, and investment operations. This is why China has created the historically unprecedented Belt and Road Initiative, which is currently in progress. It is perfectly designed to connect 68 countries with over four billion people, representing 40% of the global economy – an incredible force. Furthermore, behind this trillion-dollar plan, which Chinese President Xi Jinping has been promoting since 2013, is a lending program unlike any other. This includes the construction of well-planned transportation and maritime hubs between Asia and Europe. At the heart of these Chinese investments are two Chinese banks that have already invested $200 billion (4.7 trillion crowns) in this massive project. These are the China Development Bank (CDB) and the China Export-Import Bank (EXIM), which is unimaginable. Countries across Asia, the Middle East, and even Africa have taken out loans from these institutions. The total cost of this colossal project is estimated to be $900 billion (nearly 21.5 trillion crowns), according to a previous report by the Financial Times.

In addition, the availability of cheap financing gives large Chinese companies and developers a significant advantage over foreign competitors. According to government statistics, 47 out of 102 state-owned conglomerates have participated in 1,676 projects within the Belt and Road Initiative. For example, China Communications Construction Group has signed contracts worth $40 billion (952 billion crowns). Thanks to this mega-contract, the company has already built over 10,320 kilometers of roads, 95 ports, 10 airports, 152 bridges, and 2,080 railway lines as part of the new project. One of the leading providers, Industrial and Commercial Bank of China, has financed 212 projects of the Belt and Road with more than $67 billion. The Central Bank of China plans to provide an additional $100 billion annually for infrastructure projects related to the Belt and Road. Modern infrastructure is critically lacking in many developing countries and will be essential for their future. "Where will we be if we don't build anything?" summarized the situation, for example, the incoming CEO of the Pakistani United Bank. The scope of the initiative is the cornerstone of this project's immense power, and everything else is built upon it.

One of the reasons why George Soros cannot succeed in stopping the Belt and Road Initiative is its scale, thoroughness, and the way it is structured. The key is that China has a centralized system of control that it will not allow to be disrupted by anyone or anything. This represents a much more effective and resilient system of centrally controlled economy compared to the West. However, George Soros and his organizations will certainly not give up their attacks on China. In order for Soros to lose his power to attack the BRI and for countries to rid themselves of neocolonialism and exploitation, it is necessary to expose the activities and methods of George Soros more widely, as has happened in Hungary, because this reduces Soros's global influence and power. Each of us has the opportunity to participate in his defeat. What will we do about it?

Jan Vojtěch, Editor-in-Chief of General News

Photo: World Economic Forum / Michael Wuertenberg / gnews-jav