Obama’s Boss: Ready to Torpedo the Euro
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It’s astonishing that so many commentators seem genuinely confused about the real power behind the Democrats. They talk about Obama’s plans as if he were some kind of normal president who just happens to be very bad at it. In reality, Obama has little sway over his own operation. All the ruminating about whether Obama will now move toward the center or modify his policies to reflect the will of the people is sophomoric. It is inexplicable to suggest that Obama has the freedom to run afoul of his boss’s orders.
“The Democratic Party preaches that it is for the little guy and bashes Wall Street and bankers mercilessly. Yet it remains silent on the machinations of their patron saint, George Soros. He funds think tanks galore. He created the Center for American Progress—Obama’s think-tank and hiring hall. The CAP is an adjunct of the Democratic Party, peddling its ideas throughout the media landscape. Soros has an empire of 527 groups he uses to elect Democrats and promote their policies. He is the top funder of such shadowy groups, and his billionaire political allies (Peter Lewis, Herb and Marion Sandler—also big funders of the CAP—round up the top five). Soros was an early and ardent supporter of Barack Obama—even using a loophole in federal campaign loans to exceed normal limits on donations.”
Soros maintains a super secret hedge fund, the Quantum Fund which is held overseas. As Democrats posture about how they care for the little guy, they take great care to protect Soros and his hedge fund investors:
“Democrats have been major beneficiaries of hedge fund managers making donations to their party and to its politicians. Senator Chris Dodd was the number one beneficiary of their largesse until Barack Obama emerged as a presidential candidate; Obama became the “hedge fund candidate.”
“We heard a great deal in the campaign about the need to regulate hedge funds, but very little has been accomplished. There has been no requirement that hedge funds domiciled overseas (as is Soros’s) reveal their investors. The huge leverage hedge funds can assume is still a problem. As chairman of the House Banking Committee, Chris Dodd could have acted, but he took a pass. He is the Senator from Connecticut, where many hedge funds have offices and many managers live the good life there. Dodd is on his way out. Here is one wager I would like to make: he will, one way or another, be well-compensated in future years with money from hedge funds.”
Obama’s boss also cashed in by betting against the US housing market, making billions during the collapse which was caused by his peons in the Democrat party.
Lasky warns that Soros’ next caper will be an assault on the Euro:
“Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis.
“The big bets are emerging amid gatherings such as an exclusive ‘idea dinner ’earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to ‘parity’—or equal on an exchange basis—with the dollar, people close to the situation say. “
“’This is an opportunity…to make a lot of money,’ says Hans Hufschmid, a former senior Salomon Brothers executive who now runs GlobeOp Financial Services SA, a hedge-fund administrator in London and New York.”
“It is impossible to calculate the precise effect of the elite traders’ bearish bets, but they have added to the selling pressure on the currency-and thus to the pressure on the European Union to stem the Greek debt crisis.”
One of the most dangerous men in the world gets to stay below the radar. Few Americans know much about Soros. Many actually consider George Soros to be some sort of philanthropist. Soros certainly gives lots of money away. But a philanthropist acts to improve the human condition. Soros acts solely to improve the Soros condition.