Soros is mad

The world knows Soros as a former a financial speculator, stock investor, liberal political activist, and philanthropist. He miraculously escaped the Holocaust at the age of 17 when he fled to the West, completed his economics studies in London, moved to the US, and quickly became part of the New York financial community.

Young and bright, he was one of the first brokers to convince the investment company to operate hedge funds for investors willing to take high risks. Hedge funds take money from wealthy people and in exchange for a high commission on profits, invest it in high risk ventures with a high yield. World turnover of hedge funds currently totals billions of US dollars.

Financial escapade that left its mark

The financial escapade that left its mark on history is connected to the desperate attempt by the British Central Bank in September 1992 to halt an inevitable devaluation in the sterling. Soros gambled on this devaluation by selling significant sums of the British currency at a good price.

This move made a billion dollar profit for himself and his clients and marked the peak of his career as a visionary financial speculator. Since then he has been known as the man who almost broke the Bank of England.

Soros was a liberal democrat, and when communism in Eastern Europe began to waver, he channeled aid in the form of millions of dollars to regime dissidents. Even after Eastern Europe downfall he continued to avidly support it in the new democratic movements. He hoped, as he told me then, that a new regime would be born on the ruins of totalitarian communism – "an open society."

The Utopian dream didn't materialize. Soros was disappointed and retreated. In parallel, post-communist nationalistic governments launched a campaign of slander against him, while accusing the rich American Jew of interfering with their internal affairs.

And as if that were not enough, every global economic shockwave (including the devaluations in Asia and Russia in 1998) were attributed to Soros without any factual evidence whatsoever.

Soros' new book

Soros wrote several books slamming globalization, the conduct of international capital markets and the "myth of American supremacy." He also predicted the downfall of "unrestrained" capitalism. To his regret, capitalism is thriving and markets are withstanding every shockwave.

Several months ago he published his latest book, The Age of Fallibility: Consequences of the War on Terror, which once again combines typical Soros philosophic meditation with a head-on attack on the US and its war on terror.

Soros visited Israel in the past and even invested here, albeit unsuccessfully.

In 1995, in the midst of a wave of Hamas initiated terror, Soros said he was not a Zionist, expressed doubts as to Israel's Jewish character, and indirectly recommended that the prime minister at the time, Yitzhak Rabin, turn his back on the PLO and engage in dialog with Hamas, which he indirectly compared to the Solidarity labor movement that brought down communism in Poland.

Strange comparison

This month, during promotions for his new book, Soros repeated his recommendation and the comparison. God knows how he makes the association between the free Solidarity movement and a fundamentalist Muslim terror organization.

George Soros' influence on the financial markets is currently minor, but his hedge funds continue to make nice profits; he is not actively involved and has instead devoted himself to philanthropy.

The Jewish financial wizard, who made international banks tremble at his every utterance, is now sitting in his luxury home in New York while angrily and bitterly insulting Bush and Israel. Origins, as said previously, make no difference.