Political Manipulators Left Wing Billionaires

By pjain      Published June 8, 2020, 8:48 p.m. in blog Fin-Plan-Strategy   

Leftist Wealthy Influencers

Kennedy Dynasty

George Soros $8b net worth

Life Story - Values Formation - Hungry and Poor - Came to US to get Rich!

George Soros, born Schwartz György; August 12, 1930 is a Hungarian-American[b] billionaire investor and philanthropist.

Born in Budapest, Soros survived Nazi Germany-occupied Hungary and emigrated to the United Kingdom in 1947.

He attended the London School of Economics, graduating with a bachelor's and eventually a master's degree in philosophy.

Soros began his business career by taking various jobs at merchant banks in the United Kingdom and then the United States.

How he made money

1969 he started his first hedge fund, Double Eagle, in 1969.

Profits from his first fund furnished the seed money to start Soros Fund Management,

  • 1992 - "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds sterling, which made him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis.

  • 1970 Quantum Fund his second hedge fund went from $12 m AUM to $25 b by 2011 and represented the majority of Soros's overall net worth.

Traders look up to Stan Druckenmiller and George Soros

Investor Bias and Reflexivity to capital markets and Politics

Soros formulated an application of Karl Popper's General Theory of Reflexivity to capital markets, which he claims renders a clear picture of asset bubbles and fundamental/market value of securities, as well as value discrepancies used for shorting and swapping stocks

The biases of individuals enter into market transactions, potentially changing the fundamentals of the economy. Soros argues that different principles apply in markets depending on whether they are in a "near to equilibrium" or a "far from equilibrium" state.

When markets are rising or falling rapidly, they are typically marked by disequilibrium rather than equilibrium. SO the conventional economic theory of the market (the "efficient market hypothesis") does not apply in these situations. Soros has popularized the concepts of dynamic disequilibrium, static disequilibrium, and near-equilibrium conditions.

Soros has stated that his own financial success has been attributable to the edge accorded by his understanding of the action of the reflexive effect. Reflexivity is based on three main ideas:

  1. Reflexivity is best observed under special conditions where investor bias grows and spreads throughout the investment arena. Examples of factors that may give rise to this bias include (a) equity leveraging or (b) the trend-following habits of speculators.
  2. Reflexivity appears intermittently since it is most likely to be revealed under certain conditions; i.e., the character of the equilibrium process is best considered in terms of probabilities.
  3. Investors' observation of and participation in the capital markets may at times influence valuations and fundamental conditions or outcomes.
  4. Reflexivity attempts to explain why markets moving from one equilibrium state to another tend to overshoot or undershoot.

  5. Modern Economics is trying to include it in theories of complexity economics to fix problems of "equilibrium economics".

Examples of reflexivity in modern financial markets

Ex 1. The debt and equity of housing markets highly anti-equilibrum trends.

  1. Under post 2000-crash stimulation, lenders began to make more money available to more people (even dogs!) in the 1990s to buy houses.
  2. Public policy guarantees and Easing. In the US, home loans were guaranteed by the Federal government. Many national governments saw home ownership as a positive outcome and so introduced grants for first-time home buyers and other financial subsidies, such as the exemption of a primary residence from capital gains taxation.
  3. More and more people bought houses with this larger amount of money, thus increasing the prices of these houses. These public policies further encouraged house purchases, leading to further price rises and further relaxation of lending standards.
  4. House Values Increased - safer lending! Lenders looked at their balance sheets which not only showed that they had made more loans, but that the collaterals backing the loans – the value of the houses – had gone up (because more money was chasing the same amount of housing, relatively). Thus they lent out more money because their balance sheets looked good, and prices rose higher still.

Ex 2. Foreign Exchange Manipulation

  • POUND. 1992 Soros rebelled against BoE manipulation of the Pound Sterling. As a result of his success he became known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds sterling, which made him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis.

  • YUAN. There was a massive capital flight throughout 2015 out of China, that was cut very sharply early 2016 by CCP policies. Soros, in January 2016 predicted a financial crisis akin to 2008 based on the state of the global currency, stock and commodity markets as well as the sinking Chinese yuan. China has a major adjustment problem. I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.

  • EURO.

    Soros thinks it cannot become a Reserve currency. a system of two reserve currencies would be unstable

  • SDRs could be an alternative.

    $250 B Special Drawing Rights package at G20 created money internationally and will help to allow countries [other than BoE,Fed,ECB,BoJ] that are not able to print currency to stimulate their economies.

Ex 3. Reflexivity in Politics - Open Society vs Fascism/fundamentalism - US Superpower Collapse Predicted

Soros has stated that whereas the greatest threats to the "open society" in the past were from communism and fascism (as discussed in The Open Society and Its Enemies by his mentor Karl Popper), the largest current threat is from fundamentalism.

Soros has suggested that the contemporary domination of world politics and world trade by the United States is a reflexive phenomenon, insofar as the success of military and financial coercion feeds back to encourage increasingly intense applications of the same policies to the point where they will eventually become unsustainable.

Ex 4. Reflexivity in QE, Central Banking

Soros's books are a story of Crying wolf, wolf, wolf - aligned to crash 1. The Alchemy of Finance (in 1987), after the crash 2. The Crisis of Global Capitalism (in 1998), before 2000 crash 3. The New Paradigm for Financial Markets (May 2008), described a "superbubble" that had built up over the past 25 years and was ready to collapse.

In February 2009, Soros said the world financial system had in effect disintegrated, adding that there was no prospect of a near-term resolution to the crisis. "We witnessed the collapse of the financial system ... It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."

Anti-Poverty, Upward Mobility

He has spent $12b ostensibly to reduce poverty and increase transparency, and on scholarships and universities around the world.

Open Society funding NGOs $32b 1979-2011

He has donated more than $32 billion to his philanthropic agency, the Open Society Foundations.

Collapse of Communism in East Europe

He influenced the collapse of communism in Eastern Europe in the late 1980s and early 1990s.

Creating Central European University for EU Globalism

He provided one of Europe's largest higher education endowments to the Central European University in his Hungarian hometown.

Unlimited Globalization, Undermining Soveriegnty

Free Immigration everywhere

Fighting immigrant barriers in Hungary

Political Reform

Ultra left

Is he Zionist? Or he is targetted by Anti-semetic Foes.

Some have seen Soros as a kind of puppet master secretly controlling the global economy and politics.

Conspiracy theories targeting Soros, who is of Jewish descent, have often been described as antisemitic.

India: Is Soros anti-Modi/BJP?

Resource

20%/2% basis of Hedge Fund Billionaires --- xfr ---

  • For example Soros' Quantum Fund his second hedge fund went from $12 m AUM 1970 to $25 b by 2011 and represented the majority of Soros's overall net worth.

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