By Joy Tiz ——Bio and Archives--May 7, 2010
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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 keep hearing a lot of commotion about the need to regulate hedge funds, but very little has been done. There is no requirement that hedge funds domiciled overseas (as is Soros’s) disclose the identities of investors. Lasky warned in February that the next caper would 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.Betting on the fall of the Euro creates an opportunity to make enormous amounts of money. The Daily Mail is straightforward:
A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro. Representatives of George Soros's investment business were among an all-star lineup of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports. A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented. At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar. The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland. But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds. The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros Fund Management, warned in a newspaper article that the euro could 'fall apart' even if the European Union can agree a deal to shore up support for stricken Greece. Mr Soros, who made more than $1billion by currency speculation when the pound was ejected from the Exchange Rate Mechanism on Black Wednesday in 1992, believes the structure of the euro is 'patently flawed'.Soros, in an interview with Bloomberg Radio: “It is a make or break time for the euro. It’s a question whether the political will to hold Europe together is there or not.” Soros has already castigated the Jackal in Chief of the United States for his failure to submerge the US into deep enough debt. Now the Puppet Master is admonishing the EU for charging market interest rates on its bailout to Greece, which could have the unfortunate consequence of forcing spending cuts. Through his financial machinations, George Soros has amassed an astonishing amount of power, not just in the United States, but worldwide. A few well placed words from Soros can move markets. As the Puppet in Chief and the lame duck congress force the same economic policies on us that are bringing down the EU, the Puppet Master bewails his scapegoat status:
Claiming that Soros is not involved in any wrong-doing, Michael Vachon, a spokesman for Soros Fund Management, told the Times that, ‘It has become commonplace to direct attention toward George Soros whenever currency markets are in the news.’
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Joy Tiz,Joytiz.com, has been quoted by Ann Coulter, as heard on Lou Dobbs radio, The Rusty Humphries Show, Bill Cunningham, KSFO in San Francisco, WOR in New York, Premiere Radio Networks, Air America and other major shows.
Joy was born in Chicago, long enough ago to remember when many democrats were actually normal people who were just wrong about everything. Joy holds a M.Sc. in psychology and a JD in law. Joy hosts The Joy Tiz Show Wednesdays at 2 pm Pacific/5 pm Eastern.
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