So Ron Paul’s in bed with George Soros? That’s the take away from Daniel Greenfield in a column he wrote yesterday for frontpagemag.com titled “Ron Paul’s Soros Defense Plan”. Another blog, MarkAmerica.com quoting, Daniel Greenfield’s piece, ratchets up the rhetoric a whole “nother” notch, with this headline “Ron Paul: Soros Puppet?
The basis for Greenfield’s claim is this. Paul co-authored (with Barney Frank!) a Huffington Post editorial in July of 2010, that called for reduced military spending. In the Huffington piece, Paul and Frank introduced (and provide a link to) the Sustainable Defense Task Force.
The task force recommended a $trillion in defense cuts. Greenfield takes exception to Paul and Frank’s claim that the task force consisted of “experts on military expenditures that span the ideological spectrum”. Greenfield wrote, “The experts, however, didn’t quite “span the ideological spectrum” — more like float under it.”
I’m getting to the “Soros connection, keep reading!
Greenfield goes on to describe the task force as “The panel of experts who would decide how to best gut national defense”. He points to Lawrence J. Kolb who is affiliated with the Center for American Progress, and Miriam Pemberton of the Institute for Policy Studies.
If you want to know what the Center, the Foundation and the Institute all have in common, it’s Hungarian and smells like stale cabbage and the death of nations.
We all presumably know that George Soros is Hungarian.
Greentfield cites several other task force members with connections to Soros funded groups including: Christopher Hellman of the National Priorities Project (NPP). The mission of NPP, according to its website, is to make “complex federal budget information transparent and accessible so people can prioritize and influence how their tax dollars are spent.” Miriam Pemberton is also connected to the NPP. acording to Greenfield, “The man behind the curtain at NPP? (is) none other than our favorite Hungarian James Bond villain.” (Oh that’s right, Oddjob wasn’t Hungarian.)
Greenfield connects nine other members of The Sustainable Defense Task Force to groups linked to Soros. He then offers three suggestions as to “why Ron Paul would allow George Soros that much power and influence over America’s defense policy.”
1. Paul just didn’t do his homework
2. He knew and didn’t care, “that he had no objection to being part of a left-right alliance against the American Empire”.
3. Paul “put his (Soros’s) experts in charge of America’s defense policy”, because Soros (through a web of front organizations of course) paid for an ad during the 2008 primaries, which praised Paul’s opposition to the Iraq War.
Greenfield concludes with this
I’m not one to dabble in conspiracy theories, (Oh really?!) but when Soros pays for an ad praising you during the Republican primaries and then you put his experts in charge of America’s defense policy, then maybe some questions should be asked.
Greenfield’s report might not be as viral as The Dancing Baby, but considering the subject matter, it’s getting pretty good play. Most of it is supportive of Greenfield’s anti Paul, anti Soros views.
A post went up today on Ulsterman Report titled “Ron Paul Endorsed by George Soros “Blue Republican” Organization”. Here’s how the Blue Republicans identify themselves on their website
We are people who have never before thought of joining the Republican party, but are going to do so for one year to ensure that Ron Paul wins the Republican nomination for President in 2012.
Most of us identify as Democrats or Independents and/or supported Obama in 2008. We believe that on issues that matter most – war vs. peace (Iraq, Yemen etc.), civil liberties (Patriot Act etc.), and crony corporatism (bailouts etc.) – Obama has pursued a course similar to George Bush.
So how do we know that the Blue Republicans are another Soros front? Ulsterman.com explains
The term Blue Republican was coined by leftist Robin Koerner, who runs an organization called WatchingAmerica.com. The current cover story on the front page of that website is an article detailing how Barack Obama’s victory in 2012 is essential to saving the “American model” and draws heavily from a George Soros-sponsored Center forAmerican Progress study as proof. A WatchingAmerica linked article SAID THE FOLLOWING regarding Mr. Soros:
Hedge fund financier George Soros is actively advocating for freedom of the press and thespread of democracy through the Open Society Foundations.
Advertisers on the website include MSNBC and the Al Waref Institute – a pro-Muslim anti-Israel think tank based in Washington D.C. whose founder, Marah Bukai takes meetings with such figures as Secretary of State Hillary Clinton.
It seems interesting then that an organization that appears quite hopeful to see Barack Obama re-elected in 2012, and is clearly linked to progressive anti-American globalist George Soros is simultaneously calling for Democrats to register as Republicans and support Ron Paul in the Republican primaries does it not?
Did you follow that? Robin Koerner runs an organization called WatchingAmerica.com. Watchingamerica.com posts a pro Obama piece that quotes a George Soros-sponsored Center forAmerican Progress study. (That’s true.) Therefore, Soros has endorsed Ron Paul, via “his” Blue Republican Organization.
It’s got to be true. I read it on the internet. And you know what else? If Ron Paul gets the nomination, Soros is going to be his running mate.
On November 21, The Financial Times published another call by George Soros, for the ECB to “Save the Eurozone”. Soros wrote
It is imperative that the ECB should not fail that test. The central bank must stop the bond run at all costs because it is endangering the stability of the single currency. The best way to do it in the near term is to impose a ceiling onthe yield of sovereign bonds issued by governments that follow responsible fiscal policies and are not subject to adjustment programmes. The ceiling could be initially fixed, at say 5 per cent, and lowered gradually as conditions permit. By standing ready to buy unlimited amounts the ECB would effectively turn the interest rate ceiling into a floor from which bond prices would gradually rise without the ECB actually having to buy unlimited amounts. That is what the Swiss government did successfully when it tied the franc to the euro at 120.
Raoul Ruparel, a researcher for the think tank “Open Europe”, wrote a comment in which he expressed his opposition to the Soros plan.
Ruparel’s view is that “Greater intervention by the ECB raises more problems than it solves.” Ruparel said:
Without a clear mechanism for winding down the ECB bond purchases, it becomes impossible to imagine a situation where the ECB could end its bond buying programme without causing huge market distortions.
Ruparel argues that
German fears over hyperinflation cannot be seen as an anomaly – it is a political reality that goes to the heart of the German post-world war settlement. The day the ECB is turned into a politicised lender of last resort, may also be the day when the Germans start to seriously question whether they wish to be a part of the single currency.
Previously, Soros said, European leaders “held a bazooka in their
hands” which they could use to shoot down the debt crisis.
On November 4, Top 10 billionaire George Soros, financier of leftist causes, and lightening rod of Tea Party invective, sat down for an interview with Reuters’ Crystia Freeland, and spelled out his plan to solve the European debt crisis and save the world’s economy.
At the start of the interview, Freeland asked Soros his thoughts about “the bazooka” which the markets are seeking, one that will shoot down the current European and world economic crises.
Soros replied “It actually has the bazooka in its hand provided it uses it the right way and the right way is to use it in the form of guarantees, but not guaranteeing the debt of the European countries, because that is too big. It would require $2 Trillion at least to provide that guarantee and they don’t have that money and therefore the markets realizing that would not be reassured at all. This would be a danger of running out of that money and then having no tools. But if they use it right it would be sufficient.”
He continued, “They should start first of all instead of recapitalizing the banks they should be guaranteeing the banks against default, the same way they did in 2008. Because the recapitalization of the banks at $108 billion Euros might also not be sufficient to reassure the market, but if they are guaranteed by the EFSF (European System of Financial Supervisors), that is convincing, because for that the ESFS has enough money. In exchange for that guarantee, effectively the banks would have to accept direction from the ECB (European Central Bank). The central Banks could instruct them not to reduce their balance sheets and not to let their credit run out. Having to raise that money, banks have an incentive to reduce their balance sheets, and therefore raising less money, and that creates a credit crunch, and that is part of the financial crisis. They certainly won’t be buying government bonds during that period in the next six months and that’s why guaranteeing the government bonds wouldn’t achieve its purpose either. So you guarantee the banks, the banks maintain their lending, The banking supervisors would make sure they don’t abuse that privilege and speculate for their own account, and that solves one half of the crisis. Then after there’s been an agreement about Italy, about how much they can borrow, they would have to meet the conditions imposed by the Eurozone, they could then issue treasury bills. The banks would be encouraged to hold their liquidity in the form of treasury bills, because they could sell those treasury bills to the central bank at any moment, so it’s the equivalent of cash, and it would yield more than cash, therefore, they would hold it. That would allow countries like Italy and Spain, during this crisis period, to borrow at negligible cost, less than 1% let’s say, because the ECB would lower its interest rates even further. That would make Italy again, sustainable; sustainable because the ECB has any amount of money for the purpose of providing liquidity, and at the same time, it would not violate the law against the ECB directly financing the governments. It’s a trick, but it’s a trick that would work. You guarantee the banks, the banks maintain their lending, the additional step would be for the ESFS, the newly created treasury, effectively, either taking over or guaranteeing the Greek bonds held by the Central bank against loss of value and that would enable the authorities to offer Greece reorganization of the officially held debt as well as the privately held debt. At the moment you have a voluntary offer of a 50% haircut from the private sector, that’s $206 billion, but the bonds held by the Central Bank, by the IMF, by the authorities is not included. This would offer Greece an avenue if it meets the targets and reaches lets say a primary surplus, that the official debt would also be exchanged. It could be exchanged into zero coupon bonds maturing after ten years, in equal installments. So Greece would have a vision of getting out of the crisis without a default, and the money that has fled Greece would come back, the economy would restart and the publicly held assets could be sold to the private sector and the whole program would actually work.
Freeland then asked Soros what would happen if the European leaders ignored his advice, what would happen? He refused to speculate on that, but he did acknowledge, “a 180 percent (sic) turn in the attitude of the German authorities. They realize that by doing too little too late, they’ve allowed the crisis to get bigger and bigger, but they can’t go on this road any more, because they don’t have any more to bring to the table than what they’ve got. So they are determined now to solve the issue. So it’s just a question of undertaking it the right way.”
Freeland asked if he “felt there was a moment earlier when they either thought the situation was not so severe, or maybe even that it was possible to allow some of these countries to fall out of the Eurozone?” Soros’s responded that “the German constitutional court made a decision that said so far but no further… there can’t be anything more without the explicit consent of the Bundestag. And so that’s the end of the road. And that is what has led Angela Merkel to realize that having been the creator of the crisis; she has also got to become the solution of the crisis.”
Freeland pressed him about what he meant that “Angela Merkel is the creator of the crisis?”
He responded, “Well going back into history, when the finance ministers of Europe guaranteed the financial system, against another systemically important financial institution failing, like Lehman Brothers, then Angela Merkel declared yes, but this guarantee applies, each country has to apply it separately, not together. So you have to have a national solution, not a European solution. And that was the first step toward the disintegration of the European Union, which has since then gathered momentum.”
Freeland then asked, “isn’t it really as you say a very fragile situation because as you’ve said there is enough money now, to persuade markets now that the banks and the sovereigns are solvent, but it has to be deployed in a very particular way. We don’t have evidence right now that they’re going to deploy it in this way.”
Soros answered, “That’s correct. This crisis is bigger, or potentially bigger than the crisis of 2008 because we have survived the crash of 2008, and we haven’t yet survived this one. There is danger if they get it wrong, that you have a financial meltdown. If there is a disorderly default in Greece and the rest of the Eurozone has not been insulated from contagion, then you could have a meltdown not only of the Greek financial system, but of the European and in fact of the global financial system, because we are so interconnected today. If they followed the path that I’ve outlined, you would have an immediate turnaround in the financial markets. If they go the other way, then you have a six month muddle through period, because that’s when banks have to recapitalize. They will be trying to reduce their balance sheets etc. So the credit crunch would continue and there’s a doubt whether the guarantee would bring down the interest rates on the Italian government bonds and Spanish government bonds sufficiently. . . If my plan were to work, Europe would still be pushed into recession, so you still have to find a path to reestablish growth because the debt burden is a ratio between burden and the size of the economy. If the economy is growing, it can carry a lot more debt than if it is shrinking. So you need a growing economy to solve the debt problem, otherwise you are in a trap, a debt trap. By using austerity, reducing government spending, and wages, and prices you set up deflation and the economy shrinks. And so the burden of the debt grows. That’s a trap that created the great depression of the 1930’s and unfortunately, there’s a danger that we are going to replay this.”
Freeland concluded the interview by asking if there “has been an important shift in Europe with the amassing of the significant European war chest. Will the Europeans have another chance? Are they going to be able to muster the political will to get more money, or is this it?”
To which Soros replied, “Not under the current circumstances given the decision of the German constitutional court, there is no more money. It’s like the top money in America, it was $700 billion and that was the only one that was available and that was misused, and we are now suffering the consequences. That’s why it’s so important how this money is used now.”
Bill Gates, Warren Buffett, and Ted Turner, are conspicuously absent from the just released, Philanthropy 50, a list of the fifty most generous Americans published by Philanthropy.com. However, the aforementioned billionaires did not exhibit totally scrooge-like behavior in 2011.
Some of America’s biggest charitable donors don’t appear on the current Philanthropy 50 even though they were still writing big checks to charity. The list doesn’t include people who are paying off pledges made in previous years, and in 2011 several of the nation’s big donors were busy making payments, not new commitments. Among those philanthropists are Warren E. Buffett, Bill and Melinda Gates, and Ted Turner.
Buffett honored a prior pledge (2006) to donate shares of his Berkshire Hathaway to the Bill & Melinda Gates Foundation. The value of the shares that Buffett donated in 2011 was nearly $1.5 billion.
In 2004 Bill and Melinda Gates pledged $3.3 billion to their foundation. In 2011 they contributed $67.9 million. According to Philanthropy.com “The couple has paid a total of more than $2.8-billion toward their 2004 commitment and have about $500-million remaining to pay on that pledge.”
Philanthropy.com also reported that Ted Turner continues to make good on his previous pledge.
Another big donor, Mr. Turner, gave $50-million to the United Nations Foundation and the Better World Fund in 2011. Mr. Turner made the donation through his Turner Global Foundation, which was established in 2004. The grant was payment toward a $1-billion pledge the philanthropist made in 1997 to establish the United Nations Foundation and the Better World Fund.
To date, the media mogul has paid slightly more than $900-million toward the pledge.
The late Margaret A. Cargill topped the list with a contribution valued at close to $6 billion. Click here to read how the Cargill Corp.’s sale of its huge position in Fertilizer giant Mosaic Corp. resulted in a windfall for Ms. Cargill’s charities.
The late William S. Dietrich II was “runner-up” on Philanthropy.com’s list. Dietrich, who died in October of 2011, donated about a $500 million to various causes, the largest of which was Carnegie Mellon University.
Among the living, Microsoft co-founder and Seattle sports franchise owner, Paul Allen, was the most generous American. Allen reached into his deep pockets for $372.6 million in new donations. Most of his charitable giving went to The Paul G. Allen Family Foundation, which supports arts and culture.
George Soros took the fourth slot. Some would argue that the $335 million Soros donatated to the Open Society Foundations is anything but a charitable contribution. Open Society describes itself as follows
The Open Society Institute works to build vibrant and tolerant democracies whose governments are accountable to their citizens. To achieve its mission, OSI seeks to shape public policies that assure greater fairness in political, legal, and economic systems and safeguard fundamental rights. On a local level, OSI implements a range of initiatives to advance justice, education, public health, and independent media. At the same time, OSI builds alliances across borders and continents on issues such as corruption and freedom of information. OSI places a high priority on protecting and improving the lives of people in marginalized communities.
However, Ron Arnold who is Executive Vice-President of the Center for the Defense of Free Enterprise, views Open Society somewhat differently. He publishes a blog called Undueinfluence.com. Arnold wrote this about Soros’s Open Society
A global network of dozens of Soros entities that have paid millions to overthrow governments in the Soviet Union, Serbia, Georgia, and the United States. The American agenda of Soros foundations has little system and is more a hodge-podge of Soros’ personal interests, which tend to be leftist provocations more than steady programs. His personal attitudes about America are very negative and he regards capitalism to be the major threat to the world, as he once regarded communism to be. Soros makes no secret of his beliefs: he has written several books including “The Bubble of American Supremacy” and “Reforming Global Capitalism.” The man who made it big because of America and capitalism now hates both and seeks to destroy them.
New York mayor Michael Bloomberg rounds out the list of the five most generous Americans. As might be expected of a successful politician,
Hizzoner’s gifts were considerably less controversial than Mr. Soros’s. According to Philanthropy.com
Mr. Bloomberg, 69, gave a total of nearly $311.3-million to 1,185 nonprofits that support the arts, human services, public affairs, and other causes.
The famous, or infamous (depending on your point of view) Koch Brothers, Charles and David, failed to make this year’s Philanthropy 50. Their less famous (and much less wealthy) brother William was ranked #23. Charles and David Koch are ranked by Forbes as the 4th and 5th richest Americans, with each having a net worth of $25 billion. Black sheep William Koch is only worth $4 billion. Philanthrophy.com also notes that David Koch (William’s twin brother) has made their list four times since 2006.
The Walmart Waltons, Christy, Jim and Alice, who are ranked 6th, 9th and 10th on The Forbes List, with a combined net worth of $66 billion; also failed to make The Philanthropy 50.