The left likes to use the corruption of the wealthy to attack free-market capitalism. But that is in error. For example, take a look at George Soros, a far-left Progressive anti-capitalist:
By betting against the U.S. economy and the dollar, billionaire investor George Soros has made billions from the economic downturn, Corsi wrote.
"I'm having a very good crisis," Soros told London's Daily Mail in March 2009. Soros, who came out of retirement in 2007 to manage his Quantum Investment Fund, has made $2.9 billion in doing so, including $1 billion made in 2008.
"Had Sen. McCain won the 2008 presidential campaign, George Soros would have had influence at the White House, exactly as Soros has now, after promoting and funding candidate Barack Obama since Obama first came on the national political scene with his speech at the 2004 Democratic National Convention that nominated Sen. John Kerry for president," Corsi wrote. "No one should be confused that by backing both presidential candidates in 2008 that Soros is a patriot. To the contrary, Soros was concerned only that regardless of which candidate won, he wanted to be sure he won. Globalists like Soros are concerned about money, first and foremost, possibly to the exclusion of all else. Soros appears to make his political bets primarily to ensure that he preserves his ability to make and keep money."
Soros has been outspoken about his views. He began his 2008 book, subtitled "The Credit Crisis of 2008 and What It Means," by proclaiming, "We are in the midst of the worst financial crisis since the 1930s." Soros went on to explain that the 2008 credit crisis "marks the end of an era of credit expansion based on the dollar as the international reserve currency." He insisted the current crisis was "the culmination of a super-boom that has lasted for more than twenty-five years."
Consistently, Soros has proclaimed the dollar is under selling pressure and "may eventually be replaced as a world reserve currency, possibly by the International Monetary Fund's Special Drawing Rights." Soros told Reuters that the U.S. economy is in for a "lasting showdown" and could face a Japan-style period of a decade or more of relatively low growth, coupled with high inflation.
Corsi noted, "Regardless of whether Sen. Obama or Sen. McCain won in 2008, Soros would still have been betting against America, selling short U.S. stocks and buying futures contracts betting the dollar would fall."
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