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In reply to the discussion: George Soros Backs Hillary Clinton For President In 2016 [View all]BethMomDem
(70 posts)Collapsing the currency helped NO ONE.
The currency collapse was not inevitable he didn't need to continually devalue the currency, fighting the Uk's effort to prop it up. However thatcher was not going to win the next election, NO MATTER WHAT!
The working families, many of which lost their jobs, also lost much of their savings.
But if you still think working families were helped, which isn't the reality at all, what about the effect globally? Charities that depended on England felt quite a pinch. A COLLAPSE OF THE POUND DID IN FACT LEAD TO DEATHS DUE TO HUNGER IN WHAT WERE THEN CALLED "THIRD WORLD NATIONS". It is no different than IF HE HAD SHORTED THE USD, imagine every food program worldwide that depends on the U.S. government for funds FOR MEDICINE, FOOD, CHILDCARE ETC!!!!!!!!!
But hey, since it's hunger linked to speculation IT ISN'T REALLY A CRIME, RIGHT? At least that seems to be the way bankers think today.
The Soros fund attempted on Oct. 9 to send out false or misleading signals about a securitys supply and demand or its share price and short sold OTP shares, the regulator, known as PSZAF, said in a statement late yesterday. The short selling caused the shares to drop 14 percent in the final 30 minutes of trade, the regulator said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=allAm0oQIOlI
France didnt violate Soross rights in punishing him criminally for trading on inside information about Societe Generale SA in spite of the market regulators conclusion that its rules were unclear, the Strasbourg, France-based court said.
http://www.bloomberg.com/news/2011-10-06/soros-loses-human-rights-appeal-against-insider-trading-case.html
The British pound was devalued, launching a tsunami of financial turmoil from Tokyo to Rome. When it was over, millions of hardworking Britons confronted their diminished savings, while Soros counted his gains. He had personally made nearly $2 billion on the catastrophe.
http://www.keywiki.org/index.php/George_Soros
In 2006 Soros purchased 2 million shares of Halliburton.
Soros' hedge fund bought $312.6 worth of shares in MONSANTO in 2010
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