Analyst Explains Why Time is Running Out for Soros
US billionaire George Soros may soon lose his veneer of being more powerful than any national politician, according to Wall Street analyst Charles Ortel. Speaking to Sputnik, Ortel explains Soros’ “unregulated globalism” and what’s behind the magnate’s fear of US President Donald Trump.
Hungarian-born billionaire George Soros is fretting and fuming over the recent changes in the global political landscape. However, it appears that time is running out for “the man who broke the Bank of England.”
Speaking to Sputnik, Wall Street analyst and investigative journalist Charles Ortel noted that Soros “began operating hedge funds well before promoting unregulated globalism in the 1988 to present period.”
Indeed, the investor kicked off his first hedge fund in 1969, which in 1973 formed the basis for the Soros Fund. The would-be billionaire was rather successful, which apparently made him claim in his 1987 book “The Alchemy of Finance” that sometimes he had seen himself as “some kind of god or an economic reformer like Keynes, or, even better, like Einstein.”
“European by birth, I suspect Soros fancies himself as a global citizen, rather than limiting himself to the (mere) US-EU plane of operations,” Ortel opined. “What I believe happened since 1988 is that Soros and other proponents of unregulated (or lightly regulated) globalism have, in effect, waged a ‘Thirty Years War’ against workers across the world, while promoting sweet-sounding projects and causes that offer potential to score riches, either building out new global businesses, or profiting from adversity.”
Thus, the dawn of an “unregulated” globalism coincided with the collapse of the Soviet Union in 1991 and the presidency of Bill Clinton (1993 — 2001).
According to the Wall Street analyst, the problem is that “so far, no global regulator (tax, legal, or otherwise) has emerged that can realistically police the activities of globalists, and few national regulators have the wherewithal to investigate and then prosecute complex transnational financial crimes.”