Billionaire’s Bullying: Why is George Soros talking of Democratic Revival?

An old billionaire, who has a record of destroying economies and using non-state mechanisms to unleash state power in an unconstitutional manner and profit from such an imperialist enterprise, targeted India at the Munich Security Conference.

The man saying strange things like “India is a democracy but its leader, Narendra Modi, is not” – is George Soros.

Against Modi’s Rise

Because, Narendra Modi, became India’s Prime Minister again in 2019 (as he did the one in 2014), after winning largest democratic election in human history. Then Soros shares why he thinks Modi’s rise happened.

“Inciting violence against Modi was an important factor in his meteoric rise.”

BJP’s vote share in constituencies where, for example, the Muslim population is between 20-40 per cent, was 44 per cent. And it had grown from the last election. (Here’s how BJP earned the massive mandate: Explained in numbers / Economic Times)

So, if indeed Modi was inciting violence against the Muslims which apparently led to his rise, then why would they vote for him in such large percentage?

Does it make any sense?

One thing interesting about the Western commentators with hearts beating for democracy and judgements on India is that they have never managed to fight an election over a third of the Indian electorate. But they have a lot of advice for Indian leaders.

So quite honestly, the Western politicians or think-tanks do not have much of a locus standi to advice Indian leaders on democracy at least.

Who is George Soros?

Soros’ first major attack was on the Bank of England. September 16, 1992 – also known as Black Wednesday – massive speculation brought down the British pound sterling. The government tried its best to stabilise the UK pound in the European Exchange rate Mechanism by first pumping money into the system. That did not work so in an unprecedented move, starting at 10.30 AM to that afternoon, the government had raised the interest rates by 5 per cent.

After he had brought the British pound down in September 1992, Soros gave an interview to Anatole Kaletsky of the London Times, to boast about his actions in that whole fiasco. In Kaletsky’s article, Soros stated that, as the press had conjectured, his fund, Quantum, and several of its offshoots had bet roughly ten billion dollars against the pound (about nine billion of which was borrowed, in Soros’s customary leveraging). He also said that Quantum’s combined speculation, mainly against the pound, had garnered a profit of about two billion dollars. Soros became even more expansive, declaring that in the days before the pound’s collapse “we must have been the biggest single factor in the market.” (Source: The world according to George Soros / New Yorker)

Why did he boast so openly about his deeds?

His friend, Edgar Astaire, suggested that maybe he felt he was impregnable. “George never wanted publicity, but he feels he’s past that—he feels he’s impregnable now.”

The UK was not the only economy Soros brought down. He went on to use currency speculation to enormously profit in the coming years. George Soros has a fund – Quantum Fund – that has produced extraordinary profits. The kind of returns that would pale even Warren Buffett’s performance.

“The Quantum Fund is arguably the world’s most successful hedge fund. Under the stewardship of George Soros, Jim Rogers, and later Stanley Druckenmiller, the fund produced an average annual return for investors of 30 per cent. During the three decades between 1970 and 2000 a USD 1000 investment with Soros in 1969 would have grown to USD 4 million by the year 2000, an annual growth rate of 30 per cent.” (Source: How George Soros Broke the Bank of Thailand / Business Insider)

His modus operandi has been to place bets against countries and their currencies. Basically, economic and political conditions. This is done while he has floated organisations that have penetrated those very societies to create unrest and chaos.

In the 1990s, Thai baht remained quite steady around 25 baht per dollar. In January 1997, Soros shorted Thai Baht via his investment company Quantum Fund. The baht, which was pegged to US Dollar earlier but taken off in July 1997, because Thailand did not have enough US Dollars. This started a slide on baht and a chain reaction across Asia.

From a value of 28.8 baht per USD, the currency fell to 48.8 baht per USD by December 1997. The devaluation was almost 70 per cent. It is said that Soros made profits exceeding USD 1 billion. He did a similar thing to Malaysian ringgit. From July to September, the currency fell 20 per cent against the dollar. This led to a crash in the stock market and turmoil in the banking system. In the wake of this turmoil, Dr. Mahathir put a ban on currency trading which irked Soros. A rising economy was being brought down by a currency trader.

Subverting societies for Profits

He is a man who openly subverts countries, societies and economies often using his “Open” Societies and Foundations, has a messianic complex.

He admits to what Kaufman calls ”messianic” ideals: ”I have had these illusions, or perhaps delusions, of grandeur and they have driven me.” He has also said that his ”goal is to become the conscience of the world.” (Source: Who Wants to Be a Billionaire? / New York Times)

An imperialist in the garb of a do-goodism cloak and delusions of morally setting the world right for his own profits.

In an interview in 1995 titled The world according to George Soros to New Yorker, George Soros discussed the work of his organisations and foundation and his need for deception.

“It was not really feasible to do otherwise. As Soros pointed out to me, the foundations were subversive, and their real motivation had to be “under wraps”—particularly since the different countries in which they existed were in different stages of political evolution. Recalling that an article that appeared about him in the late eighties referred to him as an “anti-Communist,” Soros said. “It was highly embarrassing and damaging to me, because I had a foundation in China, where I said I was a supporter of the Open Door policy. ‘I’m not an anti-Communist,’ I said to them. So you would have to say different things in different countries.” As a result, he went on, “all communications had to be private—I would talk to the government officials, and say one thing in one country, and another thing in another country!” He laughed heartily.

Soros went on to use these deceptions and anarchic ways in fomenting “color revolution” in old Soviet states.

To do this, he has developed serious and deep political connections. He used his boastful remarks post-1992 Pound Sterling debacle during the Clinton era and his ways to make himself useful.

He cultivated relationships with the top bureaucracy in the State Department and the Treasury. In fact, he opened an office in DC that functions as Soros’ State Department!

What is especially interesting is that Soros is now an extension of the US foreign policy. Specifically so in the Clinton-Obama-Biden establishment.

Morton Abramowitz, the former United States Ambassador to Turkey, told New Yorker that initially people would dismiss him as a crank, but soon he started deepening his influence. (Source: The world according to George Soros)

“He’s now become a player—but it’s very recent, a new phenomenon.” Abramowitz went on, “He’s untrained, idiosyncratic—he gets in there and does it, and he has no patience with government. As I frequently say about George, he’s the only man in the US who has his own foreign policy—and can implement it.”

Strobe Talbott, the Deputy Secretary of State during Clinton era agreed. In fact he went on to state to the magazine that US foreign policy now has to be synced with George Soros.

We try to synchronise our approach to the former Communist countries with Germany, France, Great Britain—and with George Soros,

Talbott goes on to state that Soros is a “national resource – indeed, a national treasure.” (Source: “The World According to Soros” / New Yorker)

Subversive strategy

To understand the games played in the garb of democracy promotion, one needs to follow the work of one organisation and its investment within the US government and abroad.

National Endowment for Democracy (NED) was created in 1983 when CIA’s machinations and work had become a problem in how the world was looking at the US. (Source: Slate)

It has since used democracy promotion as a strategy to make inroads and run influence operations within different countries.

NED funnels its money via four affiliated institutes:

• National Democratic Institute for International Affairs (NDI) – aligned with Democratic Party
• International Republican Institute (IRI) – aligned with the Republican Party
• Center for Independent Private Enterprise (CIPE) – aligned with the businesses
• American Center for International Labor Solidarity (“Solidarity Center”) – aligned with the Labor Unions and Communists

As is easy to see, the NED has all the bases of the US society covered. So, no one blows the whistle. All this is done in the name of – Democracy Promotion. To legitimise NED and CIA’s covert interventions, Democracy Promotion has been used as the facade. (Source: Democracy Promotion and US Foreign Policy)

So when George Soros talked about a “Democratic Revival” by bringing Narendra Modi down, there was more at play than an altruistic motive.