China’s mouthpiece Global Times has labeled Hungarian-born American billionaire George Soros a “global economic terrorist.”
The article accused the hedge fund manager and philanthropist of providing finance to Hong Kong’s jailed newspaper owner Jimmy Lai to support the city’s anti-Beijing protests in 2019.
Soon thereafter, Soros penned an op-ed for the Wall Street Journal that said New York-based BlackRock’s recent 6.7 billion yuan (US$1 billion) mutual fund investment in China was a “tragic mistake” and would likely lose money for the asset manager’s clients. Soros wrote the BlackRock investment “imperils the national security interests of the US.”
That followed an August 30 op-ed Soros published in the Financial Times that said Chinese President Xi Jinping’s crackdown on private enterprise has been “a significant drag on the Chinese economy” and “could lead to a crash.”
He said indices, including MSCI’s ACWI, ESG Leaders Index and BlackRock’s ESG Aware, have “effectively forced hundreds of billions of dollars belonging to US investors into Chinese companies whose corporate governance does not meet the required standard — power and accountability is now exercised by one man (Xi) who is not accountable to any international authority.”
The billionaire urged the US Congress to pass legislation limiting asset managers’ investments to “companies where actual governance structures are both transparent and aligned with stakeholders.” Previous reports said that Soros’ hedge fund had disposed all of its exposure to Chinese assets earlier this year.
Soros, 91, who reportedly has a net worth of $86 billion and bankrolls the philanthropic Open Society Foundations that provides financial support to non-governmental organizations worldwide, has a long-time love-hate relationship with China.
In August 2017, a petition in the USA demanding Soros be declared a “domestic terrorist” obtained over 100,000 signatures on the White House website on allegations he funded liberal protests in the US. In November 2018, Soros was accused by Turkish President Recep Tayyip Erdoğan of supporting and financing “terrorists” in the 2013 Gezi Park protests.
In January 2019, Soros said Chinese President Xi Jinping was “the most dangerous enemy” of free societies for presiding over a high-tech surveillance regime. He said, “China is not the only authoritarian regime in the world but it is the wealthiest, strongest and technologically most advanced.”
TERRORISTS HANGING OUT TOGETHER?
Since China has decided to label George Soros a “Terrorist” it may interest readers to see that Soros and his son, Alexander, were hanging out this past weekend, with US Speaker of the House, Nancy Pelosi!
It is interesting that the young Soros changed “God” to “Pelosi” when he wrote “In Pelosi we trust.”
The motto appearing on all U.S. Currency is “In God We Trust” and it is that currency which is now endangered by Pelosi’s failure to raise the U.S. Debt Ceiling.
According to the U.S. Treasury Department, the United States will run out of money to service its debt, sometime during October of this year. If that were to happen, the United States would DEFAULT on its national debt for the first time in history.
Professional Investors and Bankers say such a Default is unthinkable because it would economically smash the world, cripple the Global Economy, and forever wreck the “Full faith and credit of the United States.”