Soros and Beyond
Soros connects to European and Global politics without even being a politician himself. He has an acute awareness of the comings and goings of Parliament and their stances on issues. He says he did it in the beginning with the intent of serving the public good. That focus began honing on the merit of a particular project to give money to, and what mattered to Open Society.
It all goes back to the banks. The model of economics at play here is all about controlling the money supply. It goes back to an ancient model by the Phoenicians and brought over to Europe by Venetian bankers. In fact, it may be worthwhile for us to take a step back for a second and go over what happened hundreds of years ago. What happened back then helps clarify things going on today a bit.
The Venetians influenced England via banking. They shaped the direction of England in a way that made Henry III bankrupt during the 1250s, which caused a massive civil war to happen. Further, it made the Hundred Years’ War (1337–1453) come to fruition. England’s King Edward III sent an envoy to Venice’s Doge Gradenigo, telling him that war with France was going to happen. Gradenigo accepted the proposition of an alliance in which Venetians on England’s land would be treated with the same rights as Englishmen, but without having to get their hands dirty with fighting. So England was fighting France on behalf of the Venetians.
The Venetians made myths to make themselves seem more influential. There was King Arthur and the Knights of the Round Table on the government side. While Robin Hood was the people’s hero. You could call it an early form of “Top down. Bottom up,” in regards to how the Venetians focused on these two different aspects of society.
England was a wreck after the Hundred Years’ War. This set the stage for the Wars of the Roses (1455–1487) which had House of York against the House of Lancaster. Groups formed from disputes between the seven sons of pro-Venetian Edward III. England was at its knees as a result and ended up recovering thanks to Earl Henry Tudor, who became King Henry VII. He helped start England down the road of modernization/renaissance. Getting with the times and playing catch up with Italy and France. The pro-Venetian barons wiped themselves out by their own civil wars. This gave Henry VII the opportunity to set up a central government. Something with military power to help police the oligarchy. To meet such ends, Henry VII carved a path that circumvented the barons. The key was direct communication with the traders and producers. England ushered in an era stability due to based on Henry VII’s methods of rule.
They’d get their chance at revenge when Henry VIII took the throne.
Henry VIII ruled England from 1509–1547. He came to power as the War of the League of Cambrai began breaking out. France, Spain, and the Holy Roman Empire, all teamed up joining up with Pope Julius II della Rovere. Their mutual enemy was Venice’s dominant oligarchy, and they wanted to take it down. England’s Henry VIII was an outlier. Being both a pro-Venetian in 1509/1510 yet also buddies with Pope Julius.
This next part of the story is one of the most well known in modern times. In 1527 Henry VIII wanted to get a divorce from Catherine of Aragon. A Venetian-controlled University egged him on. It serves as an early example of how the Soros open society system operates. The Venetians encouraged Henry’s legal legitimacy to follow through on this. Gasparo Contarini of the Venetians sent emissaries to the English court. Among those was his Uncle, Francesco Zorzi. He and Thomas Cromwell were able to play to Henry VIII’s weaknesses of lust. In doing so they got him to break off with the Roman Papacy and found the Anglican Church.
The Venetians made religious wars but they looked out for themselves when influencing events on either side of the feud. This war had lasting effects. Venetians realized they couldn’t control the world from a small home territory. Their solution to that was picking everything up and moving somewhere else. So their philosophies, fortunes, and politics went to the Netherlands, England, and France. You can see how the past influenced the present in this respect. The Venetians faded into the background and let other countries duke it out on their behalf.
The gold standard collapsed in the early 1970s, and the US made a deal with Saudi Arabia to have oil prices standardized in terms of USD. Some of the effects of this include persistent trade deficits and providing US financial markets liquidity through petrodollar recycling. The petrodollar made the USD the world’s dominant currency, being involved heavily in foreign exchange deals. The US has to be careful, as the arrangement puts it in a perpetual state of account deficits necessary for reserve requirements.
This was all possible thanks to President Nixon ending the gold standard on August 15th, 1971 in response to Vietnam War debt. The dollar went into a sudden decline because of inflation. A deal was made by Kissinger with Saudi Arabia in 1973, who in turn persuaded OPEC to join in on this. OPEC control 40% of the world’s oil supply. The organization has five founding members (Saudi Arabia, Kuwait, Venezuela, Iraq, and Iran), plus ten other members today (U.A.E., Angola, Algeria, Libya, Ecuador, Gabon, Nigeria, Indonesia, Qatar and Equatorial Guinea).
This set the stage for political relations throughout the 1980s and 1990s, onward to today. December 1973 had the Shah of Iran raising oil prices by a factor of 3. This meant high gas prices in the US with the Middle East gets a ton of US dollars. They deposited it into banks and bought gold. But the banks had to lend that cash out. If someone made a massive withdraw all at once, the system could be destabilized. To remedy this, at the end of 1974 the Basel Committee was made between 10 major countries. From their first Concordat in 1975 onward, it was meant to prevent system failure if OPEC took out a ton of funds from one institution. The US had to keep printing more dollars to keep up with the oil trade. that raised prices of other goods and services. OPEC raised prices in response to reduced purchasing power. In 1979 there was a second oil crisis, along with the rise of Ayatollah Khomeini. Iran oil production plunges, the world turns to Rotterdam market in response. Oil market prices skyrocket to $40, and gold skyrockets along that as its connected to oil now. All in all, putting the petrodollar at risk. In September 1980, Iraq invaded Iran with US financing and support. That war lasted for ten years. June 1990 had Saddam Hussien request OPEC to raise prices for Iraq’s sake. OPEC didn’t feel like doing that. So in August 1990 Iraq invaded Kuwait and started the Gulf War. In February 1991 the Gulf War ended. Iraq left Kuwait, and the US did not pursue. Later in January 1999, the Euro is introduced. This raises oil prices. By October 2000 Iraq began converting oil transactions to Euros. In March 2003 the US invaded Iraq, with the results being them switching the currency back to $.
September 11th and the .com bust made Allen Greenspan lower Federal Reserve interest rates to 1%. This allowed Wall Street banks to borrow more money easier. The buyout boom that followed had Private Equity firms buying companies with vast amounts of debt, inflating asset prices. There was a lot of cheap credit thanks to that and other surpluses. From here, banks started placing more emphasis on leverage. This means letting people borrow money to increase the outcome of a deal. Lower interest rates led to a “search for yield” by investors because they wanted the same returns on loans they had prior. This led to increased tolerance of high-yield debt and leveraged loans where the borrowing conditions made mass default the foregone conclusion.
To put it simply. Wall Street took out massive amounts of credit, growing and growing with the more deals they make. Investors see this and want in on this system. Wall Street connected investors with homeowners via their mortgages. A family buying a house use a down-payment. Often, especially in the US, this is thought of as being arranged by brokers who connect that family to a lender and give them a mortgage. A purportedly simple system where everyone ends up happy. But then it’s taken a step further. For a start, even “brokered” mortgages are actually “originated” (this is the financial-legal term used) by banks, which create a debt account (hence creating the funds for the loan out of thin air, not using any funds held to provide that credit) and they set it off against another account containing the payments received from the mortgagee. They often sell on this debt quickly to clandestine parties (often overseas-registered) without telling the mortgagee, even though the contract remains between the bank and the mortgagee. The originating bank uses their securitization department to sell the mortgages to a special purchase vehicle. They then issue debt secured on the pool of mortgages. That group of securitized mortgages is known as Mortgage Backed Securities (MBS) or Collateralized Mortgage Obligations (CMO). Collateralized Debt Obligations (CDO) are a securitization of loans to corporations. A group of pooled assets.
Blythe Masters (former JPMorgan executive) is credited as the creator of the credit default swap. A major part of the 2008 financial crisis, a credit default swap is a financial swap agreement that means the seller of the CDS will pay the buyer in the event of a loan default. In return, this buyer makes a series of payments to the CDS seller.
The AAA tranches of MBS were bought by institutions (pension funds, money market funds, insurances funds). The riskiest trance, the Equity Piece, was usually retained by the originating bank. Higher risk equals a higher rate of return. But at the end of the day, everyone can repay their bills and make money. But these investment groups want to milk the cow for all the cash they can. To get more people into houses, they started using subprime mortgages. They knew that people who default their mortgages mean the banks get the house. The originating banks were paid only for selling the mortgage, whereas the SPV and its investors ended up with the risky mortgage. These SPV investors couldn’t see what these mortgages were, relying on Credit Rating Agencies. They put subprime mortgages through the same scheme as everyone else, profiting off of them in this system. These, in turn, were paid by the originating bank so they were incentivized to approve risky mortgages. They gave credit to these people to buy homes, and there was no conceivable way they were going to manage to pay it back.
You can think of it as a grid of debts sold on (clandestinely) by the banks who held the mortgage contracts to the Special Purpose Vehicles. Whereas the SPVs had previously taken vertical slices (so they knew there were constant proportions of good and bad debt in the slice that each of them got and thus anticipated the risk accordingly), in the run-up to the crisis, they instead started being offered, and taking, horizontal slices, so that bad debt (subprime) became an asset class in its own right. As expected, the subprime homeowners defaulted on their mortgages and the banks foreclosed on them. One of the root causes of this was the 1977 Community Reinvestment Act. Washington forced Freddie Mac/Fannie Mae and the banks to extend mortgage credit to unsuitable borrowers so they could drive up home ownership. Over time, more and more fall to the same fate, stacking foreclosures up. The remaining homeowners questioned paying huge cash amounts for a house diminishing in value. In the US, mortgages are nonrecourse. Homeowners can just walk away from a house and not be pursued for the outstanding debt owed afterward. Elsewhere around the globe, the bank can still come after people for the money in these situations. Even after the house is sold to pay back the mortgage. So they give up their houses too, leaving Investment Banker with worthless houses.
Some people got rich by betting against the housing market with credit default swaps.
Everything crashes. Soros saw that. The people in The Big Short saw that. Industry analysts like Peter Schiff did too. You didn’t, though. None of the average folks saw banking become the behemoth industry dominating the markets.
Right when the US financial crisis was ramping up, Soros bought 2 million shares in Halliburton. It was announced in February 2007, dated to have happened at some point before the end of December 2006. The timing is curious in retrospect, as crude oil prices seemed to have begun rising around that exact same time. Generally speaking, there was a variety of factors behind this price surge, but that doesn’t rule Soros manipulation out of the equation either. Halliburton deals in oil and engineering, and they proved their foothold within Iraq in the years prior. The Pentagon awarded them a contract to restore Iraq’s oil wells back in 2003. But Halliburton is known for their fair share of controversy. One of these came out in the weeks following the announcement of Soros buying shares. It revealed the company deals with the business of laundering illegal goods and money. To places like Iran, Iraq, and Libya. So it shouldn’t have come as any surprise that Iran was suddenly asking for oil customers to pay in money other than US dollars.
First-hand accounts say that Soros predicted the American economy’s recession before it hit. George met with financiers at a Summer 2007 luncheon. There he broadcasted this prediction to the group. They’d later make changes to investment strategies and bet against the housing market.
This is kind of a left-turn out of nowhere. But there was this investment fund manager who worked for George Soros. Howard Rubin. At the beginning of November, it came out that he “ran human trafficking enterprise in which he raped, electrocuted and imprisoned women in NYC sex dungeon’,” so says the lawsuit.
I feel obliged to explain the details of this at least a little bit. I mean you don’t hear stories like that every day.
“Howard ‘Howie’ Rubin, 62, is accused of sexually assaulting three women, two of whom are former Playboy bunnies, at an $8million penthouse in Manhattan in 2016 which contains a secret ‘dungeon’ of sex toys, masks and BDSM ‘apparatus’.
The women claim Rubin and his associates lured them to New York on JetBlue flights after contacting them on Instagram.
Once in Manhattan, they say he drugged them then violently beat them while they were gagged and bound in the sex dungeon, hitting woman so hard that she passed out as he demanded she call him ‘daddy’.
Two of them say he warned them: ‘I’m going to rape you like I rape my daughter,’ before attacking them and one says he punched her breast so hard her implant ‘flipped’.”
But this Daily Mail article unintentionally gives one hell of a clue for the financial crisis discussion we’re here to talk about. Howard Rubin was a trader on Wall Street who people say is responsible for Merrill Lynch’s $377 million loss in 1987. He’s alleged to have bought billions of dollars in mortgage bonds without the consent of his bosses. When the market had a bit of a crash, he couldn’t sell those bonds off. But since this is Wall Street we’re talking about? Rubin’s career wasn’t over there. Bear Sterns appointed him as the Senior Manager Director, where he was in charge of Collateralized Mortgage Obligations from ’87 to 1999.
He came out of retirement in 2008 to run a Mortgage-Backed Securities Fund for George Soros.
George took on the United States during the January 2008 World Economic Forum at Davos. As the US was experiencing a market slump, Soros made himself look better in the face of attempts of reassurance by Condoleezza Rice. During a US Senate Commerce Committee Oversight Hearing meeting in June of that year, Soros cited the rising cost of oil as something that happened on top of the credit crisis. He said oil discovery and development of reserves came at a higher cost. With that, the depletion rate was accelerating. There was a reflexive trend of oil supplies falling as prices go up. Finally, George said speculation augmented by market trends reinforced oil demand.
George Soros knew Fannie Mae and Freddie Mac were in crisis. It became clear they were working in a rigged system. Before the Global Financial Crisis, the US Treasury issued them debt called Agency Debt. This was understood to be US Government backed. When the GFC was unfolding, they were nationalized. This meant their losses had been socialized. The next month Soros was raising his stake in Lehman brothers for that reason. He knew there’d be a bailout. Sure enough, by Fall 2008 that’s exactly what happened. It’s worth clarifying Soros later wrote the problem wasn’t only the oil reserves. They were a contributing factor to the problem of the financial system in itself. The housing bubble wasn’t the entire incident. It was a “detonator” for a credit and leverage super-bubble developing since the 1980s.
In November 2008, hedge fund managers had to face the Washington House Committee on Oversight and Reform. The government was looking into if hedge funds needed more regulations in place. But these testimonies solidify positions people like Soros had in the financial crisis. George told the committee hedge funds were a key part of the financial market bubble burst. Under George Bush’s TARP program, the US government purchased dodgy assets and equity. That means hedge funds were given Treasury money. In this sense, he amplified the effects of the economic crisis in the United States. This was George’s opportunity to present his change in economic thinking to the world. Using the Karl Popper ways of thought he practiced.
By 2009 we had a new President. Soros felt generous and donated $50,000 to his inauguration.
There were connections between Soros and the Obama White House. Eric P. Schwartz of the US Connect Fund had influence by funding from the Open Society Foundation. He met with leftist groups to help develop a range of pro-U.N. related policies. Even so, George wasn’t afraid to tell the world he didn’t think the 2009 stimulus plan would be enough. His public efforts were an attempt to guide the US government to a particular solution. It’s why he came out strong against the “Bad Bank” option the Obama administration put on the table. Soros framed this collapse as something greater than the Great Depression.
With Soros and the US heavily involved in the middle east, all we needed was a wild card. Gaddafi. Longtime ruler of Libya, in 2006 Gaddafi saw the pieces on the chessboard and wanted Libya’s oil reserves to get a piece of that wealth. The oil reserves in Libya are the largest in Africa. To further that end, he was elected chairman of the African Union in February 2009. It was here Gaddafi proposed gold dinar be used for African oil transactions, undermining the petrodollar.
In March of 2009, Soros laid out his public proposal for fixing the economy. The solution didn’t end at a stimulus package. He suggested a mortgage system overhaul and recapitalization of the banking system. Plus, a nod to oil with a step involving changing energy policy. Soros suggested developing countries get permission to borrow from large countries’ quotas of IMF international reserve assets. He recommended places like Eastern Europe get such support. That was because George wanted to get more interdependent leverage within the region. Making it more susceptible to further influence and reform.
Something to that effect would come to fruition by April. Soros praised world leaders for a “proactive” G20 summit that took place, addressing the world economy. Hosted by Gordon Brown, the meeting gave George the move he was after. That move was a $1.1 trillion dollar deal to combat the crisis. $500 Billion went to IMF resources, and $250 billion went to the Special Drawing Rights. The exact thing Soros had advocated for.
After that, Soros took one hell of a U-Turn. In the days following the G-20 summit, he labeled the US banks as insolvent. In an interview, George said the importance of the IMF’s $750 billion was the drawing rights. This creates new money for other countries to stimulate their own economy in a way the US already had the ability to. George had made up his mind at this point. By May 2009 he was telling reporters that Asia would come out on top from all this and surpass the United States as the catalyst for world growth. He noted that Germany needed to step forward and make the Euro more efficient.
All Soros had to do was make himself seem like they know it all. To that end, George spoke out against credit default swaps. He claimed countries like Poland and Hungary suffered worse for being Eurozone outsiders. Countries that had retained their own currencies in Central Europe had seen the rise of mortgages denominated in Euros or Swiss Francs, so the rate of default was higher than in the Eurozone once the exchange rate went south and the cost of living rose, a double whammy for the average citizen.
A quote by Soros from July 2009:
“Even George Soros, the billionaire hedge fund operator, says money managers would find ways to manipulate cap-and-trade markets. “The system can be gamed,” Soros, 79, remarked at a London School of Economics seminar in July. “That’s why financial types like me like it — because there are financial opportunities”…”
He made money from the US financial crisis. but he wanted more.
Soros wrote “No alternative to a new world architecture” for The Japan Times. Released on November 8th, 2009, George lays out the world’s choices for the future. According to him, we can either have international capitalism or state capitalism. He encouraged the US to embrace IMF Special Drawing Rights. This means no currency would have more of an advantage over any other. This move would allow China freedom from the US dollar exchange-rate peg. He blamed the Obama administration for reviving banks with hidden subsidies. This gives them a stronger market position and less likely to overhaul themselves. Soros threw the President under the bus. It becomes clear that George aimed for China to replace the United States in the world economy.
He highlighted the need to reform the currency system. In 2011, he’d get that wish. Soros called for a new Bretton Woods conference. A repeat of the 1944 meet-up that created the World Bank and International Monetary Fund.
Britain realized they were going to win World War II after the Soviets and America got involved. That freed up some time for them to focus on the new world order and financial control. By 1942, FDR talked of his Allies as “the United Nations.” In 1944 they started plans for a pair of institutions: the World Bank and the International Monetary Fund. The finalized motion happened at the Bretton Woods Conference. Another name for it was the United Nations Monetary and Financial Conference. Between July 1st and 22nd 1944, delegates from 44 nations met up in Bretton Woods, New Hampshire. The purpose was to establish new rules for the international monetary system. World War II was finally at an end, and the global shake-up demanded a call to restore order. America’s economic desperation during the Great Depression taught a lot of hard lessons. The various policies put into place came at the cost of international instability. These gathered leaders from around the globe agreed on economic coordination.
Thus by the end of 1946, both the World Bank and the International Monetary Fund were operational. They controlled the money supply and gave emergency loans to countries after the war. The intention was to provide the means for restoring peace and normalcy. An American helming the World Bank, and a European in charge of the IMF. The World Bank handles loans for capital projects (“Uncle Sam-compatible infrastructure”), while the IMF handles the “humanitarian” side. IMF demands third world countries restructure their economies before giving them loans. What this boils down is them gutting their welfare programs. They give these loans in their local currency while demanding repayment in USD. By payback time, exchange rate shifts make it impossible at the country’s central bank. This is due to the export of mineral wealth that tends to take place in the interim. But it isn’t just Third World that the IMF helps out. Back in the 1970s (1976), Britain had to go to them when the Labour Party turned the country insolvent.
It goes something like this: There’s the Fed, ECB, and Bank of England on the fourth rung. The third rung being IMF and World Bank. The second highest is the Bank for International Settlements. Then there’s reportedly 8000 men on the top. The 1% of the 1%. The EU (all the way up to Juncker), follows the orders of bankers in London and New York. The EU diplomats have diplomatic immunity, great benefits, and tax-exempt salary. They weren’t angry about Brexit. But the bankers at the ECB in Frankfurt and their bosses at the BIS were. These legions of EU-federalists don’t even know they are shielding the BIS. Brexit has shaken the European Union worldview. One that American and British elites shared since the 1940s.
George believed the world needed to change the currency system again because people don’t trust the U.S. dollar the same way they did at the end of WWII. He demanded new international rules be put in place to deal with how financial institutions were handled, what capital controls are supposed to do, and a reorganization of the International Monetary Fund to change the order of importance and methods of operation.
Soros returned to Bretton Woods in April 2011, bringing 200 of the smartest economists and world leaders with him. They hosted a conference titled “CRISIS and RENEWAL: International Political Economy at the Crossroads” from 8th to the 11th. Their reason for the meeting was they believed the current monetary policy and economic thinking around the world weren’t working. This was a result of the subprime mortgage crisis that started back in July 2007. The US dollar became the world’s reserve currency at the 1944 conference. At this April 2011 conference, the United States was on the chopping block. The country was in 14 trillion dollars of debt at this point. They wanted to replace the system with something that didn’t depend so much on America.
The main theme was that developing nations needed to be brought into the same global fold. A Reuters article on the event has a decent quote from former British PM Gordon Brown:
“So, you come to 2010, and for the first time virtually for nearly 200 years America and Europe – that’s the United States of America and the 27 members of the European Union, for the first time are being outproduced, outmanufactured and outexported, and also, interestingly, outinvested by the rest of the world,” former British Prime Minister Gordon Brown told the conference.
More than two-thirds of these speakers were tied to Soros. There were a few journalists on the list too. A managing editor for the Financial Times and editors from The Times, Reuters, Wall Street Journal, and The New Yorker. Nineteen of these speakers were Project Syndicate contributors (Soros website where people post op-eds and commentaries). The group hosting the event itself was George’s own he founded the week before releasing that Japan Times Article. They were called the Institute for New Economic Thinking (INET for short). The last conference the group had before this one was at Central European University, which Soros has dumped over $250 million into.
INET’s Executive Director Rob Johnson is one speaker. He was a managing director at Soros Fund Management and serves on the Economic Policy Institute’s Board of Directors (Soros funded). There’s also Joseph E. Stiglitz. A close friend of the Soros family. He was senior vice president and chief economist for the World Bank. He’s also on INET’s Board and writes for Project Syndicate. Speaker Jeffery Sachs is a director at The Earth Institute and got $50 million from Soros for the U.N. Millennium project. Last speaker worth mentioning is Paul Volcker. He’s a former Fed chairman and also former chairman of Obama’s Economic Advisory Board.
All these people held the same world views as Soros. To be blunt, this was George wanting to rearrange the whole global economic system and financial order. Capitalism was now the big enemy, not Communism. He wanted to reform the International Monetary Fund and the United Nations in a way that boosted China and other countries while taking away power from the United States.
But the US needed to give that power up willingly.
“Reorganizing the world order will need to extend beyond the financial system and involve the United Nations, especially membership of the Security Council,” George wrote back in 2009. “That process needs to be initiated by the U.S., but China and other developing countries ought to participate as equals.”
That’s exactly the type of powerful banker sorts that showed up to speak: Erik Berglöf (Chief Economist and Special Adviser, European Bank for Reconstruction & Development), Claudio Borio (Bank for International Settlements), Charles Dallara (Institute of International Finance), Andy Haldane (Executive Director, Financial Stability, Bank of England), Orville Schell (Director, Center on US-China Relations), Louis Kuijs (Senior Economist, World Bank (Beijing)), Zhu Min (Special Advisor, International Monetary Fund), James Boughton (Historian, IMF), Adair Turner (Chairman, Financial Services Authority), Andrés Velasco (Chile’s Former Minister of Finance), Andrew Sheng (Chief Adviser, China Banking Regulatory Commission), and Jomo Kwame Sundaram (Assistant Secretary-General for Economic Development, United Nations Department of Economic and Social Affairs (DESA)).
This Bretton Woods Conference meant Soros could move forward with his political maneuvering.
Gaddafi was killed by NATO forces in October 2011. A civil war (Obama/Clinton armed the rebels) had broken out, and the rebels seeking to remove Gaddafi from power. Much of Clinton’s intelligence came from Sidney Blumenthal, who reportedly had his own personal interests in Libya. Blumenthal worked with Tyler Drumheller. Together they pined for their Osprey company in Libya to profit off of military and medical contracts. An April 2011 memo showed France was concerned about Gaddafi’s $7 billion in gold and silver to prop up their African currency. This was seen as the motivation behind bombing the country. They succeeded. Gaddafi was taken out in October 2011. By the same people (NATO) that Gaddafi argued with about their oil fields in April of that year. But not without a cost. On top of that, there’s the Syrian Civil War. One of the root causes of that were two rival pipelines that were proposed for construction. Assad turned down Qatar and Turkey’s plans but accepted Iran’s. As they had Russia’s blessing. Both of these pipelines heavily involve the Mediterranean, making it a center point of political and economic interest. But for the past 5 or so years, the country has been torn apart by war. This power vacuum in the area led to the refugee crisis, with migrants fleeing the instability in hopes of a better life in Europe.
To start grasping the connection here, we need to look at the Merkel plan. This links Soros backing groups that advocate migrant resettlement, to the bank system.
The European Stability Initiative designed the Merkel plan.
In 2008, ESI’s own site credits their chairman Gerald Knaus as an Open Society fellow. A recent talk event at the European Council on Foreign Relations in March 2017 lists Gerald Knaus as “Chairman, European Stability Initiative and Open Society Fellow, ECFR Council Member.” But it appears the relationship between Knaus and Open Society is over a decade old. A 2004 ESI site article shows the two were exchanging ideas about Eastern Europe as far back as then. But to eliminate any doubt that there’s a strong relationship between Knaus and Soros? It says right here on ESI’s site that Open Society Foundation is a current supporter of theirs. The word-for-word text of the Merkel plan is here. Feel free to read that at your leisure. What actually matters though is the way the Merkel plan was carried out.
It was set into motion as far back as September 2015. Merkel suspended the Dublin Regulation, letting all the Syrian asylum-seekers stay in Germany. Merkel’s partners abroad and elsewhere openly stood against her for the move. Her popularity in the public eye plummeted. She explained her plan on the Anne Will political talk show. Germany was going to work with Turkey.
Ankara would stop the smuggling operations in exchange for Germany’s investment to help to improve the living conditions for migrants in Turkey as work was done to resettle Syrians in an “orderly and legal” fashion. The Merkel plan wanted Turkey to take back all irregular migrants that entered Greek territory after March 20th. In return, the EU would reward Ankara financial support for those refugees. and give visa-free travel around the EU for Turkey’s citizens. Finally, the EU member states would resettle these Syrian refugees from Turkey.
“Germany should agree to grant asylum to 500,000 Syrian refugees registered in Turkey over the coming 12 months,” says the Plan’s text.
Greece had their own difficulties. Brussels demanded Athens create hotspot registration centers to speed things along. The EU threw $200 million euro at them in funding to make hiring the officers and guards happen. But there were already 50,000 refugees over there and it took several months to set this system up. Progress was slow and the asylum agency didn’t have enough resources to speed up movement.
Yet the biggest setback came 15th/16th of July 2016. There was a coup attempt in Ankara, Turkey. Those sorts of things are one big shake-up for a country no matter which way you slice it. Recently the Turkish court gave 40 life sentences to the various plotters who tried to kill Erdoğan. This coup caused a snag in Greece as the Turkish officers stationed there got called back to Ankara. It was an abrupt notice meant to get things sorted out. People were hasty to trust Turkey even before the plan. Now on top of that, their partnership hit some turbulence (that coup was a big deal to them) as well as the months rolled on by.
This deal put the EU in a compromising position. It set up a situation where the Turks could blackmail them for continual funding.
Gerald Knaus participated in a September 2016 article reflecting on the status of the Merkel plan. He blames the European Commission for slowing the process down. When it came to the Greece asylum system, Gerald expected everyone in the EU to lend a helping hand. That did not happen. Reason being? Things cost money. What incentive was there for member-states to chip in? Even so, the EU was going to persist in their migration strategy here and focus on Africa instead of Europe.
On the 13th of September 2017, Juncker brought up the topic of migration in his State of the Union address:
“In spite of the debate and controversy around this topic, we have managed to make solid progress (…) We now need to redouble our efforts. Before the end of the month, the Commission will present a new set of proposals with an emphasis on returns, solidarity with Africa and opening legal pathways.”
The announcement revealed a new resettlement scheme for 50,000 refugees. Juncker explained they were all trying to figure out options for legal migration. He made it clear one of those was making a more effective EU return policy.
High Representative/ Vice-President Federica Mogherini said:
“Over the last two years, we finally built an EU policy on migration, which is starting to deliver. It is about managing one of the most complex, structural phenomena of our times, not a temporary emergency. Our cooperation with our partners in Africa, but also with the UN, has started to bear fruits by ensuring a better protection of migrants, making traffickers and smugglers’ business less profitable, and offering alternatives and legal avenues. We will keep working on the same track: We’ll only succeed by working in a united and consistent manner.”
So we got our talking puppets. Then, they’d drop the most important bit of information of all.
“The Commission has set aside €500 million to support Member States’ resettlement efforts.”
That’s how a humanitarian issue becomes a monetary one in the case of European migration. Assuming this is about the 50,000 new refugees mentioned in this piece? That makes their price per person 10000 euro. This link demonstrates how Soros involves himself with the European monetary system. He’s able to have an impact on how many migrants come in. That has a butterfly effect. The immigration factors how much fiat currency they make. Plus, it determines the growth of this Eurozone cottage industry they’re building. A contrived system geared toward asylum seekers and irregular migrants.
The German economy wants an artificially low euro plus low-interest rates. That way, they can permit out-competing of other European industry by German conglomerates. They, in turn, can cheaply access this massive supply of capital and evade humongous wage bills by using this poor eurozone labor pool. This spurred on the European Union law known as the “Six-Pack” put in force by December 2011. It’s a series of six economic regulations aimed at keeping the member states’ public deficits in check.
It’s to stop people like Soros who want to make the vast and cheap as possible of a Eurozone as they desire. The key to absolute power is controlling the money supply. Governments lead themselves to believe they MUST borrow money from the central banks. Their impression is the debt system depends on people’s continuous capacity to produce. To keep cranking out money. If they stop having kids and the birth rate slows down, economic order falls apart.
“That sounds like replacement migration.” You’d be right.
The bankers of the world want a working-age and consumer-geared population. Individuals who aren’t too stupid to work, but not smart enough to ask questions about how things are run. It’s the reason why we’re put into a system of debt. We have our savings funds depleted, land ownership and inheritance destroyed via taxes and zero interest rates. Being self-sufficient means the banks lose their purpose. It’s all about creating a human ecosystem that demolishes personal spirit. A mankind zombified through stimulation and incentivization. Control over intellectual property is also important to them. It keeps the flow of innovation in the hands of the folks who are “on the same page” as everyone else. This is part of the reason why Gab.ai is facing the pushback that it is.
That’s not an accident. Controlling the population is not only done in a political sense but an economic one too.
Germans have started asking questions about the ECB because they foot the bill. Basically, this German political system (Merkel and old Stasi helpers from GDR) are representatives of the Anglo-American elite. German identitarianism and the Alternative für Deutschland are a political threat because they are the first players since 1949 to openly claim their intent to reassert German sovereignty.
Centrist/third parties in the European Union don’t represent owners or workers. They latch on to NGOs and the aggressive pan-European agendas to make up for their lack of domestic ideology. The Open Society’s allies include folks like those in Ireland: Irish members from Sinn Féin (Marxist terrorists) and the supposedly center-right Fine Gael but not from the center-left Fianna Fáil. Elsewhere there are groups like the European People’s Party (EPP), a conservative-lite bloc that the Tories left a few years ago after being sickened with the amount of EU-federalism involved. The EU’s liberal party equivalent is the ALDE. Aggressive corporatists. Moreso than the national parties that make them up. Socialists make up the S&D, otherwise referred to as the “world’s biggest union boss junket.”
The European Parliament itself is a façade. Designed to allow the European Commission to hide its power level. The bankers of the mid 20th century wanted the same thing. So they ensured the Bank for International Settlements was free of politicians. The similarity is a desire for immunity from prosecution, no worries of oversight. The European Council got tacked on later. Patriotic heads of state felt like they were being tossed to the side in the EU decision-making process.
The Open Society is a massive and complex group using many fronts of manipulation at once. Soros managed to throw the Caucasus and Ukraine into turmoil using the Saakashvili, Aliyev, and Poroshenko mafias to stage revolutions. The neocon takeover of the U.K.s Labour party is another aspect, being fought off by “Corbynistas.”
Money is the greatest driver of these people. We’ve been barking up the wrong tree by assuming it’s an ideological battle they want. Of course, there are the Satanists hiding out that want to see Western culture crumble. The truth is the people in charge of the world are idiots. These bankers that don’t understand how to do anything else than what they’re doing now. It’s not about mixing races. When it comes to immigration they see these people as currency moving around. The import of migrants into Europe props up the Euro.
Bankers in New York and London (Soros and W. Averell Harriman who drafted the Marshall Plan) wanted this sort of outcome for many decades. If you want to trace the ideological roots of this? It goes back to the 1870s. John Ruskin inspired that generation of students to make the world more socialist. Some of them founded the Fabians (today known as Blairites/neocons), or became Labour Party entryists. A second segment went into direct warmongering. If not that, they used Austrian psychology to manipulate public perception and stoke the flames of war. A third chunk founded extractive-industry companies in Africa and the Middle East. These different branches all tie back to the families that own the world’s central banks. They want to flood the Western world with migrants for their own financial gains.
Ideology IS money to them. It’s all about that Euro. Let me show you something the EU put out themselves (PDF), to demonstrate this. Look at this diagram. “Prospective euro members” get this special shade of panic yellow.
Juncker’s recent State of the Union address involved indirect pressure on Sweden. They want them to drop the krona and convert to the euro. It’d trigger a massive extra issue of fiat euros, due to their massive migrant population. The Swedish Central Bank fudges the numbers on purpose to keep Brussels at bay. A perpetual “don’t know” on if Sweden meets eurozone accession’s convergence criteria. The cause of attacks on the Visegrád Four alliance countries is the refusal to give up their own currencies. That’s a burn for the BIS ON TOP OF their refusal to take migrant quotas.
President Jean-Claude Juncker’s relevant remarks in his State of the Union Address:
“If we want the euro to unite rather than divide our continent, then it should be more than the currency of a select group of countries. The euro is meant to be the single currency of the European Union as a whole. All but two of our Member States are required and entitled to join the euro once they fulfill all conditions.
Member States that want to join the euro must be able to do so. This is why I am proposing to create a Euro-accession Instrument, offering technical and even financial assistance.
If we want banks to operate under the same rules and under the same supervision across our continent, then we should encourage all Member States to join the Banking Union. Completing the Banking Union is a matter of urgency. We need to reduce the remaining risks in the banking systems of some of our Member States. Banking Union can only function if risk-reduction and risk-sharing go hand in hand. As everyone well knows, this can only be achieved if the conditions, as proposed by the Commission in November 2015, are met. To get access to a common deposit insurance scheme you first need to do your homework.”
This comes after Juncker’s remarks that they must hurry Balkan member states into the Schengen borderless area. He is getting his marching orders straight from the BIS.
If you need proof that the Open Society and Soros are wrapped up in all of this? Here’s a PDF detailing their projects and relationships with the World Bank, globally. If that doesn’t wet your whistle, here’s another OSF document PDF detailing a meeting with the World Bank President and for the setting up of said map. Still not satisfied? It also details Open Society’s focus on Education and their efforts to identify key countries they want to target, in a tag-team effort in cooperation alongside the World Bank.
Let me hit this point home. Grand slam. This last PDF document here removes any last doubt about Soros’s place in this grand scheme of grand schemes.
“Strengthening Coordination with Global CSO [Civil Society Organizations] Community to Advocate for Stronger World Bank Social and Environmental Standards Proposal for the Open Society Foundations By the Bank Information Center [OSF funded group]
This proposal aims to enhance coordination among Southern and Northern CSOs in order to have a more effective campaign to strengthen social and environmental safeguards at the World Bank. To achieve this, we plan to conduct the following activities:
1) Reach out to key CSO allies to coordinate strategy and provide guidance on what efforts each party can contribute to and when they can timely send advocacy messages to decision makers at the World Bank and U.S. government. We are hoping to better coordinate our work with several key constituent CSOs, which may include: Asian Indigenous Peoples’ Pact, Bretton Woods Project, CIVICUS, Center for International Environmental Law, Eurodad, Friends of the Earth, Forest Peoples Programme, Global Unions, Greenpeace, Habitat International Coalition, Human Rights Watch, Inclusive Development International, Indian Law Resource Center, International Accountability Project, International Federation of Human Rights, International Rivers, International Trade Union Confederation, Land Rights Network, Oxfam, Publish What You Pay, Save the Children, Sierra Club, Urgewald, World Resources Institute, and World Wildlife Fund.
2) Organize joint strategy workshops in Asia, Latin America, and/or Europe to prepare CSO partners for official World Bank consultations, plan joint submissions, and arrange advocacy trips to Washington DC to engage decision-makers.”
Maybe you’re one of those “i gotta see to believe” types. If that’s the case, we should mention Alex Soros. George’s son. Alexander connects the World Bank and International Monetary Fund together on his instagram. But that’s just the tip of the iceberg. His profile provides ample documentation for this sort of high-level international affairs stuff ol’ George is involved in.