Why can't George Soros stop the "Belt and Road" initiative, often called the "initiative of the century"?

Every success breeds envy, but it is far easier to achieve success when you aim to destroy or hinder the success of others. George Soros excels in this, acting as an autonomous ideological and financial tool. Building and nurturing relationships, as China and its allies do, fostering respect and partnerships at all levels, is infinitely more complex. George Soros is one of the most famous financial and political predators in the world. At ninety-four years old, he is still active in financial markets and still sees himself as a victim and a martyr in the twilight 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 is nicknamed the "financial predator," but "financial vulture" is a more fitting description. Today, he is still a prominent figure in international politics. He was once 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 primarily for his role in the devastating Asian financial crisis of 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 retreating 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 moved to the United States, where he founded his own fund management company, Soros Fund Management (later renamed Quantum Fund), which was instrumental in the financial turmoil in Southeast Asia in the mid-1990s. The financial crash he triggered wiped out years of accumulated wealth in countries like Thailand 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, making him truly wealthy.

Attacks on Sovereign Currencies

In the early 1990s, Soros forced the British pound to devalue, earning him more than $1 billion. In 2012, Quantum Fund repeated the same trick, shorting the currency and earning more than $1 billion. From his investment history, it is easy to see that Soros and his Quantum Fund are fond of shorting and what is called "sniper attacks" on sovereign currencies. The investment history 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, and continue to do so. 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

The Soros Foundation is present in Georgia. For example, the Georgian branch of this foundation, called the Rose Revolution, where the representative was the former President of Georgia, Mikhail Saakashvili, from 2003, is just a "small funding body." The problem is that one-fifth of the ministers in the government itself work for the Soros Foundation, and a portion of their monthly salary is a "subsidy" from Soros, ranging from the president to street police officers.

Activities in Ukraine

The Russia-Ukraine conflict is also fueled by Soros's influence, with over 100 so-called "organizations of public interest," such as the "Foundation for Democracy," which has official ties in the United States, involved in the covert operations. Soros 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 profit rather than "promoting democracy." Michael Caputo, director of the documentary "The Ukrainian Hoax," claims: "I had breakfast with Soros in Moscow in 1999, while I was working at a Russian investment bank. He told me that these 'donations' could bring his progressive worldview to life. He smiled and said it was a good deal."

Attack on the Hong Kong Economy

In 1997, when Hong Kong reverted to Chinese rule, 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 goal of harming China's economy itself. However, this time, Soros returned home defeated after the central government intervened and stabilized the situation in Hong Kong.

This created a deep antagonistic relationship between Soros and China. Although Soros and the 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 Hong Kong residents before and after the transfer of power, and laid the groundwork 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" 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. Driven by a desire to avenge past failures, he openly supports street movements and, above all, street violence. It is well known that Soros has allied with Jimmy 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 instigate a financial war that would be a color revolution at any cost, under the slogan "Whatever it takes."

As early as 1998, immediately after his failed attempt to short 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 to manipulate public opinion by constantly denigrating China, that is, denigrating 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 group held approximately 100,000 short positions in 1998, and this time, it is expected that the number will be no less than 200,000." Subsequently, on August 31, 2019, there was a significant decrease in the number of people taking to the streets in Hong Kong, and on September 4th, the government proposed four key initiatives to promote dialogue, which directly caused a rise in Hong Kong stocks. Soros's vision of short-selling has evaporated. Soros's major defeat after 1998 was revealed, with his estimated losses reaching an incredible amount. George Soros was eventually forced to retreat in disgrace.

On September 7, 2021, Soros wrote in the Wall Street Journal that BlackRock's massive investment in China was a tragic mistake that would harm the national security interests of the United States and other Western countries. However, several international media outlets and investors, including a spokesperson for BlackRock, questioned Soros's heavily paid commentary. 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 indicate that China is moving towards fair regulation and striving to create a level playing field. These measures taken by China significantly increase the security of investors, including foreign investors, but no one is certain what Soros will come up with next.

The Belt and Road Initiative

Despite his significant political and financial aggression against China, George Soros has not been successful. The Chinese system of centralized control, particularly of the economy, essentially provides a guarantee to correct the established management structure in China's interests, thereby providing security and certainty for financial, stock market, and investment operations. This is why China has created the unprecedented Belt and Road Initiative, which is currently being implemented. It is perfectly designed to connect 68 countries with over four billion inhabitants, representing 40 percent 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 loan program unlike any other. The construction of carefully planned transportation and maritime hubs between Asia and Europe. At the heart of Beijing's 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 them. The colossal project is estimated to cost $900 billion (approximately 21.5 trillion crowns), according to a previous report by the Financial Times.

Adding to this, 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. The China Communications Construction Group alone has signed contracts worth $40 billion (952 billion Czech crowns). Thanks to this massive contract, the company has already built more than 10,320 kilometers of roads, 95 ports, 10 airports, 152 bridges, and 2,080 kilometers of railways as part of a new project. One of the leading providers, the Industrial and Commercial Bank of China, has financed 212 projects along 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 they simply cannot progress without it. "Where will we be if we don't build anything?" summarized the situation, for example, the incoming CEO of the Pakistani United Bank. The scale of the initiative is the cornerstone of this project's power, and everything else is built upon it. The reason why George Soros cannot succeed in stopping the Belt and Road Initiative is due to its immense size, careful planning, and the way it is structured. The key is that China has a centralized system that it will not allow to be disrupted by anyone or anything. This represents a much better and more resilient system of centrally managed 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 Soros's activities and methods more openly, as has happened in Hungary, for example. This would diminish Soros's global influence and power. Each of us has the opportunity to contribute to his defeat. What will you do?

Translation: legacy (English)

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