Soros Sympathizes With Occupy Wall Street Protests
- Posted on October 4, 2011 at 2:36pm by
Becket Adams
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In what can only described as the ultimate irony, billionaire financier George Soros has come out in support of the the Occupy Wall Street protesters.
During a Monday news conference at U.N. headquarters, Soros was asked what he thought about the “Days of Rage” protests.
“Actually I can understand their sentiment, frankly,” he said to the reporters.
Soros mentioned the struggle of small business owners who saw the interest rate on their credit cards soar from 8 percent to 28 percent after the 2008 financial meltdown, reports the Huffington Post.
Because many of them depended on personal credit to keep their businesses going, he said, “an awful lot of them actually were put out of business.”
“And at the same time the decision not to inject capital into the banks, but to effectively relieve them of their bad assets and then allow them to earn their way out of a hole leaves the banks bumper profits and then allows them to pay bumper bonuses,” Fox reports the Hungarian-born financier saying.
“And the contrast between the two, I think, is a large contingent” of both the Occupy Wall Street protests and the Tea Party movement, Soros said.
However, if there was one person who might actually lend credibility to the the Days of Rage protests, that is, if there were one person who justifies their “rage” against corrupt financiers, it is George Soros.
By their own admission, albeit somewhat convoluted and unintelligible, the protesters have stated that they are against financial corruption (we think) and “greed.”
Consider these facts:
- 2002: George Soros fined $2.3 million under French securities laws for insider trading
- 1992: Black Wednesday, Soros sells short more than $10 billion worth of pounds, profiting from the UK government’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
- 2011: Forbes writes that that Soros has a net worth estimated at $22.0 billion, making him the 46th richest person in the world.
If Soros does not fit description of “corrupt financier,” we are not sure who does.
It would then make sense for the protesters to unanimously reject Soros’ “sympathy,“ and to direct their ”rage” against him rather than some faceless, nameless bankers who work on Wall Street.
Watch the video of his answer:
Update: This article has been modified since its original posting to correct grammatical and stylistic errors.
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Comments (184)
Junter
Posted on October 4, 2011 at 3:08pmhe continued… and I plan to make millions off them! muhaha!
Report Post »RedheadedStepchild
Posted on October 4, 2011 at 3:35pmSo true – useful idiots! love the “muhaha!”
Report Post »motonutt
Posted on October 4, 2011 at 3:41pmAgain…………. I doubt if many of us are suprised by this story. These are his brain dead serfs. He love’s it and will most likely make million more from it.
Report Post »Gerrymanderer
Posted on October 4, 2011 at 3:43pmIt‘s funny how the Blaze didn’t report how the Koch brothers made money dealing with IRAN. Seriously. I hate Soros and all other capitalist pigs but Beck , but it’s still news to us.
Report Post »The10thAmendment
Posted on October 4, 2011 at 3:46pmSoros’ organizations actually pay some of those folks in these protests to be there.
Report Post »A Doctors Labor Is Not My Right
Posted on October 4, 2011 at 3:50pmTo the protesters: Corporatism is NOT part of a free market.
The free market did not cause the Great Depression; Rather, a massive expansion of credit by the Fed during the 1920s misled businesses into engaging in unsustainable long-term projects. This also led to overvaluation of these companies’ stocks. This was the Roaring 20s … Caused by the Fed … not by the free market.
When this false boom busted, as all false booms do, we had the stock market crash of 1929.
This is the Austrian Business Cycle Theory, basically (as applied to the Big Crash); And because Ron Paul knew Austrian Economics, he knew, way back in 2001, that the housing bubble would crash.
See here.
Sept.2001 Ron Paul Predicts Housing Bubble and Crash
http ://www.dailypaul.com/170703/sept2001-ron-paul-predicts-housing-buble-and-crash
And here.
Ron Paul Calls the Housing Collapse in 2003
http ://www.youtube.com/watch?v=9S3lXDOQ7ec
And after the Crash, Keynesian Economics didn’t allow the economy to recover. This was our Great Depression.
See here.
Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.
http ://www.youtube.com/watch?v=czcU*****mnsprQI
(NOTE: DELETE THE FIVE ASTERISKS IN THIS URL!)
(Continued on next post)
Report Post »A Doctors Labor Is Not My Right
Posted on October 4, 2011 at 3:53pm(Continued from prior post)
Note also that capital IS involved in EVERY boom-bust cycle – BUT ONLY BECAUSE there was a massive non market expansion of credit.
A free market would NEVER result in panics, depressions, or recessions, because no one in a free market would risk extending this much credit! This goes for fractional reserve banking WHICH IS ALSO NOT PART OF A FREE MARKET.
Which brings me to the next logical point: Fiat money allows for a sneaky phenomenon called Cantillon effects, which is like a back door tax. By printing money out of thin air, the printers get to spend money at its current value before it gets devalued.
This, in effect, transfers wealth to the bankers and the government from everyone else.
This is why Ron Paul says to END THE FED. You cannot inflate certain commodity monies very well (such as gold), and so banks would stand and fall on their own without taking the rest of the economy with it, were it not for the fact that we are being FORCED to use fiat money.
See here.
Fiat Money
http ://www.youtube.com/watch?v=hx16a72j__8
And here.
Smashing Myths and Restoring Sound Money | Thomas E. Woods, Jr.
Report Post »http ://www.youtube.com/watch?v=HAzExlEsIKk
ACLUHater
Posted on October 4, 2011 at 3:57pmHe is laughing inside at all of the idiots wasting their time.
Report Post »Charles
Posted on October 4, 2011 at 4:04pmHe’ll make billions, not millions. But far far more important to this evil entity he will gain power. The money isn’t important anymore to him unless it can be used to help increase his power
Report Post »SavingtheRepublic.com
Posted on October 4, 2011 at 4:10pm~^~v~~^~~v~^~
Agreed MOTONUT… these are those who will blindly listen and follow Soros. He knows it and is why he is in support. Take note whether its Soros or Emperor Obama they will always come in support of the radicals rising up. With Iran BHO was silent with the people rising up against the regime vs in Egypt he was right there with the Muslim Brotherhood rising up. Take a look for yourselves its always plays out that way. BHO more than likely supports these zombie drones who in many ways sounda lot like TEA party ppl yet who will get the support. The radical anarchists, socialists, communists “revolutionaries”!
The media and Hollywood along with several politicians etc like Ron Paul are taking sides with these people. I will not accept the argument that they dont know who they are in NYC rising up. Its been made clear even as recently as yesterday with the dolt on PMSNBC with Racist Sharpton they are anarchists revolutionaries. Heck one vid I saw they were literally chanting “ Che Che Che”! We on the side of conservatism, the Constitution, CAPITALISM are now the enemy in the mainstream even though many of their complaints have been our complaints. Difference btwn them and us we dont wear masks, trash the area of protest and embrace communism, socialism, maxism let alone cold blooded killers! Lines are drawn, understand you are the resistance! http://SavingtheRepublic.com
Report Post »A Doctors Labor Is Not My Right
Posted on October 4, 2011 at 4:17pmHere is George Soros: 1) claiming that markets can’t predict bubbles (when Ron Paul, in fact, did), 2) acknowledging that regulators create moral hazard, and in the next sentence saying that regulators still have to intervene, and 3) denying that markets can correct themselves (when the recovery from the Depression of 1920 proves otherwise).
See here.
George Soros Talking about jim Rogers and Warren Buffett 11 june In China
http ://www.youtube.com/watch?v=_BP9ilq6Teg
For proof that markets can correct themselves without government interventions, see here.
Why You’ve Never Heard of the Great Depression of 1920 | Thomas E. Woods, Jr.
http ://www.youtube.com/watch?v=czcU*****mnsprQI
(NOTE: DELETE THE FIVE ASTERISKS IN THIS URL!)
(Continued on next post)
Report Post »A Doctors Labor Is Not My Right
Posted on October 4, 2011 at 4:20pm(Continued from prior post)
George Soros also makes the claim that ever since we’ve had financial markets, we’ve had financial crashes. What he doesn’t tell you is that those crashes can only occur in the context of non market expansions of credit (such as government forcing interest rates low, or the printing of fiat money in excess of the available commodity money held).
See here.
Economic Cycles Before the Fed | Thomas E Woods, Jr.
Report Post »http ://www.youtube.com/watch?v=TxcjT8T3EGU
FoxholeAtheist
Posted on October 4, 2011 at 6:21pmhttp://www.deathandtaxesmag.com/147418/koch-brothers-iran-ties-and-activist-salaries-show-tea-partys-true-face/
Report Post »waxmrtle
Posted on October 4, 2011 at 6:52pmtea party libertarian…join 99% movement…fight corporate hegemony over govt and the people!
Report Post »Secret Squirrel
Posted on October 4, 2011 at 6:56pm.
Report Post »Once a commie, always a commie.
A Doctors Labor Is Not My Right
Posted on October 4, 2011 at 7:35pmCredit to the following source for the above Soros video.
George Soros withers in the face of an Austrian critique
Report Post »http://notreason.com/2009/07/04/george-soros-withers-in-the-face-of-an-austrian-critique/
getalong
Posted on October 4, 2011 at 8:50pmI wonder when George Soro lies down at night to go to sleep, if he sees the faces of his neighbors and family members that he turned in duriing World War II – many of them taken to concentration camps and slaughtered. George Soros – a progressive hero!
Report Post »Notgonnadoit
Posted on October 4, 2011 at 9:54pmSoros – the poster child for what an un-American looks like. He also supports the ACLU.
Report Post »Rightsofman
Posted on October 4, 2011 at 11:04pmSoros was joking right? …..Right? Nah he was thinking luv those useful “useful idiots”.
Report Post »Jaycen
Posted on October 4, 2011 at 11:11pm@Gerrymanderer
Does it bother you that you’re helping further propaganda about Koch Industries? A foreign subsidiary of a subsidiary of Koch Industries sold petroleum equipment to Iran, but you blame Koch directly?
Thanks for being part of the problem. How’s it feel to be a propagandist tool?
Report Post »Vechorik
Posted on October 5, 2011 at 10:38amBanks — Ron Paul 1988 telling about our bank/money problems we’re having TODAY.
He warned and no one listened. Is anyone listening today?
http://www.youtube.com/watch?v=nffNGg-33JM
Report Post »Vechorik
Posted on October 5, 2011 at 11:46amRon Paul knew in 1988 the US financial system would crash!
Report Post »http://www.youtube.com/watch?v=nffNGg-33JM
rekindle america
Posted on October 5, 2011 at 6:08pmAny one read rules for radicals . Playbook in action.
Report Post »TrueColours
Posted on October 4, 2011 at 3:07pmsympathizes with the Occupy Wall Street crowd. . . Really George, a Capitalist Pig like you? Oh that’s right, you’re a Nazi colaborator. So, how’s the girlfriend these days???
Report Post »rdk
Posted on October 4, 2011 at 3:07pmSoros makes money off of chaos and mayhem.
Report Post »Wilma
Posted on October 4, 2011 at 3:05pmWho is funding the protestors?
Report Post »sabichan
Posted on October 4, 2011 at 4:02pmThe Tides foundation gave a bunch of money to the Adbusters Marketing Foundation, the foundation that started the whole thing. They have also gotten money from the Glaser Progress Foundation – A group closely tied to Media Matters and the Center for American Progress.
Another close tie to occupy wall street is the Glass Bead Collective – A guerrilla marketing company specializing in social issues. They’ve worked on projects for “Billionaires for Bush, The War Resisters, and GRACE. The Glass Bead Collective gets it’s name from “The Glass Bead Game” by Hermann Hesse in 1943. They were a big part of the group that pushed out the “pepper spray” video.
Any ideas who the GBC are being funded by?
Report Post »Spookytruck
Posted on October 4, 2011 at 4:11pmSoros. Who else?
Report Post »Lamarr01
Posted on October 5, 2011 at 2:04amThere isn’t much money needed. It is mostly organized around Facebook and Twitter. One person writes a tweet and the sheeple show up. These “non-violent” demonstrations usually depend on provoking violence to generate propaganda and public sympathy. The real rioting, looting and arson will begin when the minority groups are outraged by some indignity. This is what “community organizers” do.
Report Post »goalma
Posted on October 5, 2011 at 3:53am@SABICHAN — Wonderful job of putting such important information out for everyone to study and become more informed. How ludicrous to ask if Soros supports this mayhem when everyone knows he not only supports it financially but directs it. The only check on Soros’ power over the United States is to remove his puppet from our White House !
Report Post »EqualJustice
Posted on October 4, 2011 at 3:05pmHAHA WOW What a huge HYPOCRITE! He doesn’t “sympathize” he FUNDS these morons..
Report Post »iblvingd
Posted on October 4, 2011 at 7:43pmYes, he is a cat with mouse in his mouth, looking gleefully at all the other mice!
Report Post »tobywil2
Posted on October 4, 2011 at 3:02pmA critical evaluation of President Obama’s agenda will prove that the results of implementing that agenda will be an economic crisis and disarming of the citizens. Implementation of that agenda is almost complete and the results are:
1. Tremendous transfer of wealth to President Obama’s political cronies
2. Use of the bureaucracy to implement regulations on the producer that greatly increases cost and restrict production
3. Restrictions on harvesting natural resources
4. Attempts to disarm the citizens
5. Restrictive regulations and disbursements to support the Global Warming Scam
6. The unemployment rate is the highest since the 1930s
The formation of an economic crisis is almost complete. The inevitable result of an economic crisis is civil unrest. The “Occupy Wall Street Movement” is the beginning of that civil unrest. The objective of this civil unrest is creating chaos that will allow “wannabe tyrant” to declare martial law and suspend the Constitution. Just like the other “Wannabe Tyrants” that became dictators the Tyrant will promise to reinstate the Constitution and provide free elections. But the Tyrant will simply consolidate power and become a Dictator. Just like Cuba we will still be waiting for reinstatement of the Constitution and free elections 50 years from now!
The American Revolution has not been in such jeopardy since the war of 1812.
Report Post »tobywil2
Posted on October 4, 2011 at 3:01pmWhen a “Freedom Fighter” achieves a successful revolution the “Freedom Fighter” promises to implement a Constitution that guarantees individual freedom and free elections within a year. Within that year the “Freedom Fighter” consolidates power and reneges on that promise. The dictatorship is established. An historical exception to this natural progression was the American Revolution and George Washington. George Washington refused the Crown and the Constitution that guaranteed individual freedom was implemented. This set the stage for over 200 years of prosperity and innovation that began with “40 acres and a mule” and led to the prosperity that the United States enjoyed throughout the 20th century. While it is true that some residents were not allowed to participate as free people in the beginning, this error only inhibited the development of the nation and was eventually corrected.
When a free and prosperous society with armed citizens exists, it becomes much more difficult for the tyrants to seize control. Two of the most notorious dictators (Hitler and Mussolini) of the 20th century seized control during an economic crisis. For a “Wannabe Tyrant” to become a dictator, an economic crisis and the disarming of the citizens is absolutely necessary.
It is impossible to look into a person’s mind and determine his reasons or beliefs, one can only be judged by one’s actions.
Report Post »Solzhenitsin
Posted on October 4, 2011 at 3:22pmExcellent points, particularly the way freedom fighters almost always become tomorrow’s tyrants. It happened with the French Revolution, the Bolsheviks, the Sandinistas, the Mujahidin (when they became the Taliban), etc.
Report Post »UBETHECHANGE
Posted on October 4, 2011 at 3:01pmGo on twitter and you can see moveon.org, change nation, media matters, npr, green4all, rebuild the dream, etc are all behind the useful idiots. What do they all have in common? Soros funding. OWS tweeted Van Jones thanking him for all the donations. You can‘t tell me Soros isn’t funding this. Do some investigative reporting blaze, come on. Follow the money…Soros and Van are best buds. Soros is the money guy and loves every minute of it.
Report Post »Solzhenitsin
Posted on October 4, 2011 at 3:23pmThanks for the links to what we all suspected.
Report Post »biohazard23
Posted on October 4, 2011 at 3:00pmUseful idiots who actually LIKE being used…..
Report Post »MIBUGNU2
Posted on October 4, 2011 at 10:03pmUseful Idiots, is spot on !! Soros is the Chief’s Puppet Master..
Report Post »Knows how to work the System..He’ll make Billions………..
Greedy Old Bastar** just likes F’N with people !!!
HKS
Posted on October 4, 2011 at 2:59pmNow George, since you understand, write them a check for a million or so each. With all of your money, you will never miss it.
Report Post »yiska8
Posted on October 4, 2011 at 2:59pmSoros is funding and paying the propagandists to push these useful idiots in otder to bring about U.S. collapse. And he WILL profit from it. Stupid kids. They‘ll still be protesting something into their 70’s like that smelly looking old Piven broad.
Report Post »Rational Man
Posted on October 4, 2011 at 2:58pm“Actually I can understand their sentiment, frankly.” (Soros)
Well of coarse you can! Since it is a big part of your overall plan to destroy America.
Don’t throw your shoulder out, patting yourself on the back.
It’s laughable! The coy statements this evil jerk makes. As if he is just sitting on the sidelines watching the world burn as a bystander and not a coach, calling the plays……………………
Report Post »TeaPartyPatriot
Posted on October 4, 2011 at 2:55pmMorning Joe Explains Income Inequality That’s Fueling ‘Occupy Wall Street’
Now, here’s the CORRECT EXPLANATION:
It’s a violent, unlawful, hate-filled bunch of lunatic-left d-cRAT socialist slugs, slackers, deadbeats, liars, freeloaders, losers, taxpayer-leeches, cheats, ILLEGALS and potheads that want EVERYTHING created and earned by hard working, responsible, self-reliant American taxpayers to be given to them.
Now, isn’t that “the American way”? (or is that “the Greek socialist way”?)
Report Post »Grace1798
Posted on October 4, 2011 at 2:53pmIF I hated USA and wanted to see it fall….I’d sympathize with them too! DUH.
Report Post »CatB
Posted on October 4, 2011 at 2:58pmSympathizes .??? Supports them financially .. as with all things follow the MONEY!
TEA!
Report Post »Brooke Lorren
Posted on October 5, 2011 at 5:24amExactly… the Occupy Wall Street people are partly supported by Adbusters, which receives money from the Tides Foundation.
Report Post »QuantumVerp
Posted on October 5, 2011 at 4:47pmBut don’t you hate what the USA has become and is becoming more and more of? Do you have no faith in America being caught as She falls? Oh ye of little faith, , ,?
Are you just jealous the USA is falling to a ‘bunch of masked clowns’? I’m ROFLMAO
God, you Son of a Gun! You work in mysterious and funny ways!
Report Post »GatorSkin
Posted on October 4, 2011 at 2:52pmThis just goes to show how stupid the wall street morons are!!!!!!!!!!!
Report Post »roadhog
Posted on October 4, 2011 at 2:52pmSoros Owns Obama and Ben Bernanke . He pull the Strings and Makrs Billions of Dollars Off of Us.
Report Post »GlennBeckFTW
Posted on October 4, 2011 at 2:52pmThe drone got the wrong guy
Report Post »CatB
Posted on October 4, 2011 at 2:59pmI agree … if you want to find the real “terrorists” look to those who are pulling the strings.
Report Post »Rational Man
Posted on October 4, 2011 at 3:00pmYep!!
Report Post »Soros definetly more of a threat………………..
Locked
Posted on October 4, 2011 at 2:48pmNot that many folks will care, but the Occupy Wall Street folks did release their demands. Looks rather similar to the Contract From America (in that it’s mostly vague and idealistic as opposed to a clear plan for solutions), but it‘s pleasantly surprising that most of the ideas aren’t crazy. Some are, of course, but not all.
http://coupmedia.org/occupywallstreet/occupy-wall-street-official-demands-2009
Report Post »paulusmaximus
Posted on October 4, 2011 at 8:09pmTheir demands sensible?! When is the violent over throw of our American system sensible? When did share the wealth become sensible? How is a guillotine a proper form of punishment for crimes against the people? When did Anarchy become the preferred from of government? These people are a circus side show of freaks!
Report Post »912anita
Posted on October 4, 2011 at 2:45pmSoros sympathizes with the protestors – he helped organize it.
Report Post »Avigdor
Posted on October 4, 2011 at 2:42pmIf the protestors are upset over the fat cats then why not DEMAND that Soros be stripped of his wealth? In fact is not being a hypocrite to be wealthy and a democrat?
Report Post »Baikonur
Posted on October 4, 2011 at 2:56pm@Avigdor
Report Post »Posted on October 4, 2011 at 2:42pm
‘If the protestors are upset over the fat cats then why not …’
***************
The protestors are upset about laws that favor ‘fat cats’ over others. They want an equal playing field. They want a change to policies that put money into corporations’ pockets at the expense of the health care, education, and general livelyhood of the population.
tinydd
Posted on October 4, 2011 at 3:22pmCome on man, the old puppet matser ONLY made $7.8B last year while everybody else was living on food stamps. If anybody can feel their pain it’s Soros becuase the price of controlling the media and paying for his bedroom candy can get expensive.
Report Post »Banter
Posted on October 4, 2011 at 3:55pm@Baikonur
Interesting that you know this is what they want, when in fact, the lsm, Fox, online news, are all reporting the same thing – nobody protesting really knows what they are protesting, nor what they want from those they protest. Even late-night TV is making jokes about this.
And in the interest of brevity, your post (again assuming you know the answer of why they protest, since they don’t) could simply have read, “They want what you have to be freely given to them.”
Report Post »I.Gaspar
Posted on October 4, 2011 at 2:40pma little known fact: Soros spelled backwards is Satan. It’s a Hellindrome.
Report Post »Ferrarello
Posted on October 4, 2011 at 2:40pmThat’s because HE hijacked the movement along with SEIU and Van Jones.
Report Post »NoMarxist
Posted on October 4, 2011 at 2:50pmThey didn’t hijack it, they planned and financed it!
Report Post »Solzhenitsin
Posted on October 4, 2011 at 2:40pmSympathizes? He’s funding the groups that are stirring the pot, is he not?
Report Post »fatsomann
Posted on October 4, 2011 at 2:39pmPerhaps George should swing by Wall Street and redistribute some of his wealth. He’s laughing all the way to hell.
Report Post »Snowleopard {gallery of cat folks}
Posted on October 4, 2011 at 2:38pmNotice the master and emperor of all these troubles has come out into the light more and more; now that he feels no one will be able to stop the madness he has unleashed so well?
Report Post »http://artinphoenix.com/gallery/grimm (cat folk gallery)
drago
Posted on October 4, 2011 at 4:37pmSnow, we can stop it, and im quite prepared to do so………
Report Post »QuantumVerp
Posted on October 5, 2011 at 4:51pmHave you no empathy for the Man who chews up and spits out fiat currency by the billions?
BTW I like the thumbnail of Soros looking up and acknowledging me! His whore house Master!
Hey, Georgie! Put me my check in the mail or else! This can get so ugly … the politics of global destruction is more than just local… muwah-ha-ha-ha-ha-ha
Report Post »