In a recent interview, George Soros was asked about his alleged responsibility for financial collapses in various countries. He laughed off the question, stating that he focuses on winning as a competitor and doesn't consider the social consequences of his actions. #GeorgeSoros
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@bambkb - Kevin - WE THE PEOPLE❤️ - DAD🦁 🐉 🔥
🚨🚨🚨Listen to this, George Soros interview👇 :
Reporter : “In the last two years you have been responsible for the financial collapse in Thailand 🇹🇭, Malaysia 🇲🇾 , Indonesia 🇮🇩 , Japan 🇯🇵 and Russia 🇷🇺 , are you that powerful?”🧐
George Soros : LAUGHS and asks, “all of the above? I mean, I can not and will not look at the social consequences of my actions! As a competitor, I’ve got to compete to win”🤮😠
#GeorgeSoros
Video Transcript AI Summary
George Soros, a billionaire philanthropist and investor, discusses his controversial role in global finance. He acknowledges his involvement in the confiscation of property from Jews during World War II but claims he felt no guilt. Soros believes in the need for regulation in the financial industry, even though his own hedge fund operates offshore to avoid regulation. He acknowledges that his actions can have unintended negative consequences, such as the financial collapse in Russia. Despite accusations of being a criminal and having too much power, Soros is committed to using his wealth to make a positive impact, funding projects in areas like healthcare and education. He sees himself as both a capitalist and a philanthropist, striving to balance his personal success with societal concerns.
Speaker 0: My understanding is that you went out with this protector of yours, who swore that you were, is adopted Godson.
Speaker 1: Yes. Yes.
Speaker 0: Went out in fact and helped in the confiscation of property from the Jews.
Speaker 1: That's right. Yes.
Speaker 0: I mean, that sounds like an Experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?
Speaker 1: Not at all. Not at all.
Speaker 2: Titans and philanthropists of the 20th century, none are more complex or mysterious than George Soros. Like Carnegie, JPMorgan, and the Rockefellers, He amassed 1,000,000,000 through ruthless business decisions only to turn around and give away most of his fortune to advance his own personal philosophy. He can move world Financial markets simply by voicing an opinion or destabilize a government by buying and selling its currency. He also pledged more aid last year to Help people in Russia than the US government did. But now George Soros is worried.
He thinks the global economy is coming apart at the seams and that the world needs To be protected from people like George Soros.
Speaker 1: We may now think that everything is fine. But the fact is that the system is broke And it needs fixing.
Speaker 0: What you're doing is asking some form of regulation to protect the world against you.
Speaker 1: Well, I'm a player and I think all players should be regulated. There have to be rules of the game.
Speaker 0: You take 81,000 to buy, By 48,000 by him 69,000 YUM.
Speaker 2: Right now, his Quantum Group hedge fund moves fourteen $1,000,000,000 of rich investors' money around the world every day looking for profits and answering to no one. Soros makes huge bets on whole countries and economies. Last year, when he saw cracks in the Asia boom, he began selling the currency in Thailand. Traders in Hong Kong followed suit, triggering a financial crisis that plunged much of Asia into a depression.
Speaker 0: In the last 2 years, you've been blamed for financial collapse at Thailand, Malaysia, Indonesia, Japan and Russia?
Speaker 1: All of the above.
Speaker 0: All of the above. Are you that powerful?
Speaker 1: No, I think there's a great misunderstanding.
Speaker 0: The Prime Minister of Malaysia said that The region spent 40 years trying to build up its economy and along comes a moron like Soros with a lot of money, And it's all over. He called you a criminal.
Speaker 1: It's easier for him to blame an outside force than to admit That they were mismanaging their economy and their currency. The French finance minister talked about hanging speculators from lamppost.
Speaker 2: Soros says the Asian currencies would have collapsed even if he hadn't been in the market. They were overvalued. He says people tend to follow his lead because he's been so successful.
Speaker 1: I think that I've been blamed for everything. I am basically They are to make money. I cannot and do not look at the social consequences of what I do.
Speaker 3: This man is, a carnivore of the first order.
Speaker 2: Jim Grant is the editor of Grant's interest rate observer and one of Wall Street's most respected analysts. He never tires of watching Soros in part because of the huge bets he's willing to place on his hunches.
Speaker 3: He is, always amazed the people he's worked with at His audacity and his willingness to back up his commitments with enormous sums of money that causes the blood to drain ordinary mortal spaces.
Speaker 2: Like risking $2,000,000,000 in Russia. When the Russian market began falling apart in August, Soros was the country's single largest investor. He called the US treasury and asked uncle Sam for $7,000,000,000 to prop up the ruble. When US officials failed to intervene, Soros wrote a letter to the Financial Times of London saying he thought the Russian currency be devalued by as much as 25%. A few words from Soros were enough to cause panic selling that fueled the crash.
Speaker 0: What's it like to have a statement that you make have such serious, grievous consequences? I mean, you can it looks to me like in a number of situations, you can take a position against the currency or make a statement and the whole country falls apart.
Speaker 1: It's a tremendous sense of responsibility actually. And it's also a humbling experience because I am actually trying to Do the right thing. And sometimes what I do has an unintended negative consequences as it did in Russia.
Speaker 2: For both the Russian middle class and for Soros who lost his $2,000,000,000. Whatever his motivations, no one can accuse him of greed. He's backed away from the day to day operation of his businesses and is giving away his 1,000,000,000 now with the same determination that he made them in places Acadia, a country that has less money in the bank than he does. Last month, he brought the first lady with him for a look at some of the Projects his foundation is funding.
Speaker 0: This is mister George Soros, and, he's gonna be here helping In the hospital.
Speaker 2: This year, Soros plans to give away almost $500,000,000 around the world. In Bosnia, when the water supply to Sarajevo was cut off at the height of the siege, it was Soros who wrote a check to jury rig a pipeline through an abandoned highway tunnel.
Speaker 4: $5,000,000 upfront can be more valuable than $50,000,000 a year or two later.
Speaker 2: Ambassador Richard Holbrook brokered the peace in Bosnia.
Speaker 4: At one point, After the Dayton peace agreements in Bosnia in 1995, for for a considerable period of time, George had given more money To implement the peace agreements than the US government had. He just could move that fast.
Speaker 2: In Russia, he Plledged $100,000,000 to help scientists who might otherwise have sold their expertise to bidders like Iran or Iraq. In Eastern Europe, he's educated a new generation. And in Ukraine, he spent 1,000,000 retraining the old Soviet military.
Speaker 0: At the center of George Soros, there's an inherent contradiction,
Speaker 1: which
Speaker 0: is which is on one hand, you're the you're the capitalist Who does not care about the social consequences of his act. And on the other hand, you are a philanthropist who cares only about social consequences. How do you resolve the 2?
Speaker 1: Recognizing that as a competitor, I've got to compete to win. As a human being, I can I am concerned about the society in which I live?
Speaker 0: Which George Soros am I talking to now, The amoral George Soros or the moral George Soros?
Speaker 1: It's 1 person. It's 1 person who at one time Engages in amoral activities and that the rest of the time tries to be moral.
Speaker 2: To understand the Flexities and contradictions in his personality, you have to go back to the very beginning to Budapest, where George Soros was born 68 years ago To parents who were wealthy, well educated, and Jewish. When the Nazis occupied Budapest in 1944, George Soros' father was a successful lawyer. He lived on an island in the Danube and liked to commute to work in a rowboat. But knowing there were Problems ahead for the Jews. He decided to split his family up.
He bought them forged papers, and he bribed the government official to take 14 Year old George Soros in and swear that he was his Christian godson, but survival carried a heavy price tag. While of thousands of Hungarian Jews were being shipped off to the death camps. George Soros accompanied his phony godfather on his appointed rounds, confiscating property From the Jews. These are pictures from 1944 of what happened to George Soros' friends and neighbors.
Speaker 0: You're a Hungarian Jew, who escaped the Holocaust by posing as a Christian.
Speaker 1: Right.
Speaker 0: And you watched lots of people get shipped off to the death camps.
Speaker 1: I was 14 years old. And I would say that that's when my character was made. In what way? That one should think ahead, one should understand And anticipate events. And 1 is threatened.
It was a tremendous threat Of evil. I mean, it was a very personal experience of evil.
Speaker 0: My understanding is that you went out with this protector of yours, Who swore that you were is adopted Godson.
Speaker 1: Yes.
Speaker 0: Went out in fact and helped in the confiscation of property from the Jews.
Speaker 1: That's Yes.
Speaker 0: I mean that sounds like an experience that would send lots of people to the psychiatric couch for Many, many years. Was it difficult?
Speaker 1: Not at all. Maybe as a child, you You don't see the connection, but it was it created no problem at all.
Speaker 0: No feeling of guilt? No. For example, that I'm Jewish, and here I am watching these people go, I could just as easily be there, I should be there, none of that.
Speaker 1: Well, of course, I could be on the other side or I could be the one from whom the thing is being taken away. But There was no sense that I shouldn't be there because that was Well, actually, funny way, it's just like in markets that if I weren't there, Of course, I wasn't doing it. But somebody else would be taking it away anyhow. In other words, whether I was there or not, I was only a spectator. The property was being taken away.
So I had no role in taking away that property. So I had no sense of guilt.
Speaker 0: Are you religious? No. Do you believe in God?
Speaker 2: No. Soros told us he believes god was created by man, not the other way around, which may be why he thinks he can smooth out the world's imperfections. When we went with him to Ukraine, he was treated like a visiting head of state and was received by the president. Then he was received by the prime minister and finally the central bank.
Speaker 1: 20% in cash.
Speaker 2: They even allowed him to look at the books and asked him for advice. Lots of people one George Soros' advice, most recently, South African president Nelson Mandela.
Speaker 1: Actually, president Mandela, Asked me how could South Africa protect itself against speculators like you? And I told him. I wrote him a memo trying to give him the best advice I could how to, Reduce the exposure of South Africa to speculative attack.
Speaker 0: That's the old stop me before, before I kill again approach, right? We're telling this is what you can do to stop me.
Speaker 1: Whether I or somebody else Does whatever is happening in the markets, it really doesn't make any difference to the outcome. I don't feel guilty because I'm engaged In an amoral activity, which is not meant to have anything to do with guilt.
Speaker 2: Part of the reason he is so rich is that the Soros hedge Funds operate offshore in the Netherlands Antilles to avoid scrutiny by the Securities and Exchange Commission. So even while Soros tells congress and the treasury that hedge funds must be regulated to stop the global crisis, he's avoiding the rules.
Speaker 0: Why is it that, That Americans can invest in the quantum fund. That's an offshore fund. Why is that?
Speaker 1: Because the fund is not registered with the Securities and Exchange Commission. So, we are not
Speaker 0: License to do business in the United States.
Speaker 1: That's right. Because we are not registered with the securities and exchange commission, Because we find it more convenient to operate without it.
Speaker 0: So in some ways, it's to escape regulation.
Speaker 1: Yes, that's right.
Speaker 0: You've been sitting here talking about the need for regulation.
Speaker 1: Yes. And whatever regulations are imposed, we will we already confirmed to everything
Speaker 2: If the beneficiaries of Soros' billions do not understand the intricacies of SEC rules and offshore hedge funds, They do understand what he's done for them. The president of Haiti is reading his new book, The Crisis of Global Capitalism, and so is president Clinton. Will all the attention spoil George Soros?
Speaker 3: George Soros in a way is Donald Trump without the humility.
Speaker 0: One of your money manager told us that George really does think he's a God.
Speaker 1: Mean, if you think that you're God and you go into financial markets, you are bound to come out broke. So the fact that I'm not broke shows that I don't believe that I'm God.
