View Single Post
  #39  
Old 08-23-2004, 08:02 PM
Rudey Rudey is offline
Banned
 
Join Date: May 2001
Location: Taking lessons at Cobra Kai Karate!
Posts: 14,928
Funny that people don't understand where the money came from for Moveon.

The man who gave much of the funding to Moveon.org is George Soros.

Soros was a large scale trader - operating one of the most powerful hedge funds at one point.

What Soros is know for, ahem notorious for, is destroying capital markets.

Soros would go into a market he knew a currency was aritificially valued at and buy and sell the currency. He would succeed because he had the ability to move that much capital at any given point.

So what happened? The most famous incident is Black Wednesday. Soros led a major assault on the British pound and the bank kept putting in more and more currency until finally it was all gone - in one day Soros ripped out 1.1 billion out of the system; the pound was removed from the European Exchange Rate Mechanism. This money came from somewhere. Someone had to hurt to give it up. The thing is that there was an exploitable weakness in the system and he has every right to profit, but that right came at a price since this is a zero sum game. Soros went around the world doing this to many currency markets. He even tries to do it to the US in the last couple years but was prevented through newer regulations.

Back to Soros' Quantum Fund. It works out of Curacao and is unregulated really. His Quantum Fund is considered one of the biggest, if not the biggest, havens for laundering of Latin American drug money.

-Rudey
--Soros could buy and sell the Cheney, Bush, and Kerry families 200 times over.
Reply With Quote