Try BlazeTV for Free
News

Fox Host Varney on Soros: 'I Do Not Like Billionaire Socialists Who Hate America and Try to Make Money Out of Our Ruin

After Soros' currency speculation ruined the Thais lives.

Well here's something that has seemed to ruffle Media Matters' feathers. During a segment on Thursday morning's Fox and Friends, Fox Business host Stuart Varney told his fellow Fox hosts and America what he really thinks of "billionaire socialists" like George Soros.

Varney was responding to a statement put out by Soros in which Soros asserts he always puts the "public interest" over his own self-interest in business. Soros stated:

"I have made it a principle to pursue my self-interest in my business subject to legal and ethical limitations and to be guided by the public interest. If the two are in conflict, the public interest ought to prevail."

That's when Varney unleashed, citing an instance where Soros reportedly did in fact put his own interest above not just another person's but an entire country's citizens. The discernibly irritated Varney fired back:

"Tell that to the Thais who were left in misery after he [Soros] made hundreds of millions in dollars in profits on them . That set off the 'Asian Contagion' currency crisis of 1997. Soros bet against Thailand, they lost their shirts and they live in misery to this day and he made hundreds of millions. Where is the public interest?"

"It was not in their [Thais'] interest," Varney reminded.

Varney then blasted, "I do not like billionaire socialists who hate America and try to make money out of our ruin. I don't like that."But the Varney & Co. host had to quit while he was ahead, acknowedging to his fellow Fox hosts that he was getting "wound up."

For reference, the Asian Contagion currency crisis refers to a series of currency devaluations in 1997 that started in Thailand and spread throughout various Asian markets, causing major stock market declines, diminished import revenues and reportedly even government upheaval.  Soros is blamed by many, including Thailand itself, to be the trigger behind the Asian financial crisis as his hedge fund had a large bet against the Thai baht.  A Forbes report from 2007 states that Soros is in fact so reviled by the Thai, that he cannot even step foot in the country.

And shortly after the segment aired, Media Matters latched on, posting the clip almost immediately on its website. Now watch Varney tell us what he really thinks of "billionaire socialists":

One last thing…
Watch TheBlaze live and on demand on any device, anywhere, anytime.
try premium
Exclusive video
All Videos
Watch BlazeTV on your favorite device, anytime, anywhere.
Try BlazeTV for Free
Sponsored content
Daily News Highlights

Get the news that matters most delivered directly to your inbox.