imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

SOROS AND ME! PART IV - THE PLOT TO OPEN CHINA

by ALEX S. GABOR Tuesday, Mar. 21, 2006 at 7:34 AM

Alex S. Gabor publishes his fourth installment in his internationally syndicated column, Soros and Me!

SOROS AND ME! PART I...
asoroscoup.jpg, image/jpeg, 200x260

I once publicized an billion dollar bet I publicly made with George Soros and under my delusional grandeur guaranteed that George Bush would be defeated in the 2004 election.

Obviously I lost that bet and with it all of my delusions came crashing down, winding me up on the streets of Venice, hanging out with the local Boardwalk merchants as the mysterious homeless Hungarian Penny King who was giving the street urchins 500% returns on their pennies!

I was clinging on to the last hope of becoming rich and famous, waiting for the call back from Viacom for their interview with me on the set of “What’s Your Obsession?’, which was pennies, a show that apparently never made it to the MTV crowd.

Flash forward, two years later, still penniless, saddled with millions in real debt, I am gradually climbing out of a self inflicted mud hole of deluded history and bringing myself to maintain the discipline to follow my dreams as a writer.

I have chosen my favorite rich and famous uncle George Soros as my topic in order to bless the world with my talents as an author, filmmaker and director. It will save my life to be finally able to tell George what I really think about him and to pay off that billion debt I lost when George Bush got reelected.

I actually admire the man and wish he were my real uncle. Maybe he will consider adopting me after all is said and done and the fat lady sings.

Millions of Americans still think the election was stolen out of Ohio the second time, as it was the first time in Florida.

I was so under the influence of the magic spell of Mr. Soros that I took it upon myself to offer to buy the Bank of China in 2004 with stock that I tried to sell to the Chinese government through an agent I met online out of Hong Kong when they were hard at work restructuring the local banking system.

Despite remonstrances from Wall Street Journal writers who wondered who the hell I was after reading the press release about my offer, I was still hoping that I could convert that stock to cash if only I won the bet. Talk about the delusions of a narcoleptic gambler.

George Soros is now poking around and making inroads to opening up China that may just blow America away. Taiwan's largest carrier, China Airlines Ltd., recently completed its acquisition of a 25 percent stake in a mainland Chinese air cargo carrier, Yangtze River Express Airlines, a unit of China's Hainan Airlines Company.

Soros controls 14% of Hainan Airlines which announced that it will be making direct flights to New York by the end of the year; as well he owns indirectly about 7% of Jet Blue Airways, already a growing domestic US carrier out of New York.

What is Soros really up to?

While speaking to wide open ears in Singapore at the Raffles City convention centre, he held court to an audience of thousands of academics, government officials, businessmen and undergrads, enthralling them with his beliefs and vision for a global open society.

At least there he didn’t suddenly leave the stage when hecklers began calling him a tool of the Rothschild’s, or hurling insults at him as he did at UC Berkley when I paid to see him speak in 2004, even though I was homeless at the time and living out of my vehicle.

Soros by the time he hit 50 had already made his wealth, yet while I am about to turn 50, still grappling with the wreckage of my past, my only wealth is my word.

I first began to admire George Soros and formally adopted him as my great Uncle in 1994 when I first read a Los Angeles Times article detailing how he made a billion dollars in one day.

I was amazed and thought, "if he could to it, then why couldn’t I", even though I was living out of the West Hollywood Homeless shelter at that time located near the corner of Santa Monica and La Brea, which was later replaced by a huge theatre and shopping center.

It was then that I first conceived of a business plan that would make me the world’s first trillionaire, but that delusion was greatly influenced by my daily use of pot back then. Thank the heavens for 19 months of sobriety.



When George Soros graduated from the London School of Economics (LSE) in the spring of 1953 he was seeking an academic career. “But his grades weren’t good enough,” according to “The Winning Investment Habits of Warren Buffett and George Soros”, written by Mark Tier.

When he finally graduated he took a series of odd jobs until he hit upon the idea that there was money to be made in financial markets.

According to Tier, “Soros wrote a personal letter to the managing director of each of the merchant banks in the City of London. One of his few interviews was with the managing director of Lazard Frères, who gave him an appointment for the sole reason of telling him he was barking up the wrong tree trying to get a job in the City of London.

Later, Soros reported what he had been told: “Here in the City we practice what we call intelligent nepotism. That means that each managing director has a number of nephews, one of whom is intelligent, and he is going to be the next managing director. If you came from the same college as he did, you would have a chance to get a job in the firm. If you came from the same university, you may still be all right. But you’re not even from the same country!”

Pick me, pick me, I’m intelligent, and I could be an adopted nephew! Please pick me! And I am from the same country as Soros! Oh please pick me, pretty please?

Tier goes on in his book that, “Eventually, Soros did secure a job in the City with Singer & Friedlander, whose managing director was, like Soros, Hungarian. His time there was hardly illustrious, though what he was learning by doing — for example, to arbitrage gold stocks — began to make him more comfortable with a financial career. But his time there was hardly an abject failure, either.

"A relative had given him £1,000 (then ,800) to invest on his behalf. When he left in 1956 to join F.M. Mayer in New York, he took with him ,000, which was his share of the profits made on that original £1,000. He clearly had a natural talent for operating in the investment marketplace.

"In New York, Soros began arbitraging oil stocks — buying and selling the same securities on different international markets to profit from small price discrepancies. But he first made his mark on Wall Street as a research analyst covering European stocks, where he had enormous success until John F. Kennedy introduced the “interest equalisation tax” to “protect” the balance of payments.

"This 15 per cent tax on foreign investments brought Soros’s high-flying business in European stocks to a crashing halt. With little to do, he turned back to philosophy. In 1961 and 1962 he worked weekends and evenings on The Burden of Consciousness, a book he had begun writing while studying at the LSE.

"He did indeed complete it, but it failed to satisfy him. “There came a day when I was re-reading what I had written the day before and couldn't make sense of it,” Soros wrote later. “I now realize that I was mainly regurgitating Karl Popper’s ideas. But I haven’t given up the illusion that I have something important and original to say.”

"It was only then, at the age of 32 that Soros decided to focus his full attention on investing. In 1963 he made his last- but-one move, to Arnhold & S. Bleichroeder, where he began testing his philosophical ideas in the markets. It was here that the Quantum Fund was first conceived and, eventually, born.

"In 1967 the First Eagle Fund was launched by Arnhold & S. Bleichroeder with Soros as its manager. A second fund, the Double Eagle Fund, was established in 1969 — 17 years after his first job in the City of London. Soros’s current net worth in the billions began then, with his own investment in the fund of just 0,000.

"The following year, Jimmy Rogers (author of The Investment Biker) became Soros’s partner. They set up as independent fund managers — Soros Fund Management — in 1973, taking the Double Eagle Fund with them. Renamed the Quantum Fund a few years later, the rest is history.”



Twelve years after I first read about Soros he still doesn’t know he’s my uncle but that is beside the point. Most of the people I run into in Hollywood don’t have a clue who the man is.

I just tell them to Google my column, “Soros and Me” and they say, "Ah, Oh, Ok!?" with a sort of puzzled look.

That anonymity in Hollywood may very soon change as Soros Fund Management has been in talks recently to buy a large film library from DreamWorks SKG in the billion dollar price range.

When I do finally meet Uncle George, I must tell him about our blood relations as I successfully pursue the making of the film documentary, “Soros and Me”.

Uncle Soros has been helping emerging nations to become "open societies" for more than two decades — open not only in the sense of freedom of commerce, but tolerant of new ideas and different modes of thinking and behavior.

Surely a rich uncle like that wouldn’t judge my past as so many pious Americans have, after all, he did, through his Open Society Fund, contribute to the medical marijuana movement and he wouldn’t be crude enough to call me a former pothead in polite company.

Soros, although still harping on Bush, even though he won the bet from me and still hasn’t shown up to collect his billion worth of stock that is by now totally worthless, unless of course the business plan is re-written in a sober mental state, has been saying such things as "How can we escape from the trap that the terrorists have set for us, only by recognizing that the war on terrorism cannot be won by waging war.

"We must, of course, protect our security; but we must also correct the grievances on which terrorism feeds. Crime requires police work, not military action. We can criticize our government, we can change our government and in due course, we will correct the wrong."

If only he would come see me, I can explain how he, not me, became the world’s first trillionaire on paper and had we already had a decent face to face discussion, we would not now still be in Iraq, because there is a way to dismantle the military financial media industrial complex without war, and without the insane policy decisions of the world bankers.

You might say I’m the butterfly flapping its wings in South America that caused the Tsunami in Asia, or better still, the one hand clapping not asking if I’m making any sounds. It’s all reflexive parallel universal cause and effect.

Along the lines of opening up China, Soros' drive to bring about change in China, where he admitted failure, and Myanmar, where efforts continue, brings us to the subject of Singapore.

"Obviously, Singapore does not qualify as an open society," he says. "But Singapore is prosperous and prosperity and an open society tend to go hand in hand.”

The use of libel suits and financial penalties can be a tremendous hindrance to open expression which is a common practice in Singapore as it is here in America by the Church of Scientology.

Tell that to the French Government securities regulators who slapped Soros with a .3 million fine for insider trading based on hearsay information from other parties, or the United States Securities and Exchange Commission which won a .2 million default judgment against me for helping to write several press releases on behalf of a public company which were based on fact but only days after their release became “false and misleading”.

While the U.S. Continues to become more of a closed Society, a la NSA domestic spying, CIA covert domestic operations, bank secrecy, exclusions of the public from looking into the books of the Federal Reserve Banking system, Singapore is moving in the opposite direction.

Ironically I cannot find an open enough lawyer to sue Hewlett Packard on a contingency for million for entering into a fraudulent contract with the crook I hired and fired to run the publicly traded company I acquired in 2003, even though my case might be as good as gold in the bank, nor can I find anyone to sue the US government, the subject of another edition of this column.

Soros’s goals may well include a long range plan to open up China, and if Soros does get into any type of partnership with the Chinese government, he might just wind up advising them on what to do with all those US Treasury bills it keeps plowing money into, (over trillion at last count) and then we might see some real tsunamis in the financial world.

Surely there is another person living in this world today who is still greater than Soros who will come along and make a trillion dollars in one day, correctly betting that the U.S. Dollar has collapsed under the burdens of a mismanaged, highly leveraged debt that will top trillion by the time George W. Bush leaves office.

With all the recent rumblings in Congressional halls on imposing a 27.5% tariff on Chinese imports because Beijing will not lower the value of its “artificially high” priced currency, there seems to be a real opportunity for the international bankers to reap trillions in the coming months from currency trading.

After all, the daily volume of currency trades flowing through New York City alone is closely approaching trillion.

So, I’m short the dollar, long on the Chinese Yuan, and definitely watching Soros Fund Management play with Star Energy in New York.

Copyright. Alex S. Gabor Syndicate. All Rights Reserved.

Report this post as:

Local News

Why Should California Choose De Leon Over Feinstein? O10 9:55PM

Change Links September 2018 posted S02 10:22PM

More Scandals Rock Southern California Nuke Plant San Onofre A30 11:09PM

Site Outage Friday A30 3:49PM

Change Links August 2018 A14 1:56AM

Setback for Developer of SC Farm Land A12 11:09PM

More problems at Shutdown San Onofre Nuke J29 10:40PM

Change Links 2018 July posted J09 8:27PM

More Pix: "Families Belong Together," Pasadena J02 7:16PM

"Families Belong Together" March, Pasadena J02 7:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 11:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J11 6:58AM

Watch the Debate: Excluded Candidates for Governor of California M31 5:20AM

Change Links June 2018 posted M28 7:41AM

The Montrose Peace Vigil at 12 Years M22 8:01PM

Unity Archive Project M21 9:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 10:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 9:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 8:57PM

California police agencies violate Brown Act (open meetings) M02 8:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 11:47PM

Change Links May 2018 A27 8:40AM

Worker-Owned Car Wash on Vermont Closed A27 5:37AM

More Local News...

Other/Breaking News

Apocalypse capitalisme O20 7:45AM

Stress, réaction organique à l'agression O19 6:59AM

Elder Aliyah to Israel, Like Abraham and Sarah O18 6:35PM

Politoscope plurivalent O17 6:59AM

Paraphysique du microcosme macrocosme O15 6:44AM

September 2018 Honduras coup update O15 3:31AM

The Nation Unites Against Brian Kemp, Most Racist Secretary of State in US O14 7:34AM

The Nation Unites Against Brian Kemp, Most Racist Secretary of State in US O14 7:23AM

Paraphysique de l'ubérisation O13 7:56AM

22 Ways Trump Has Increased US Deficit By 4 to 5 Trillion Dollars O12 10:34PM

Debunking Some Anti-Prop 10 Propaganda O12 6:56AM

Plus d'hôpitaux, à bas les aéros O12 6:38AM

When Banana Ruled (documentary) O11 3:00AM

Outstanding Report By RAMOLA D &Dr.Tomo Shibata O10 9:17PM

Dark Clouds Gather on Horizon for Financial System, Warns International Monetary Fund O10 1:51PM

Fbi pure evil & immorality O10 5:39AM

Reality Check: Palestinian-Israeli Coexistence is a Big Lie O09 7:40PM

Voiceless Animals: 2018 Candidates They Oppose O09 7:01PM

IMF Lowers Global Growth Projections and Raises Concerns of Financial Crisis O09 3:27PM

Canitie, l'inhumanité vieillit O09 7:13AM

L'anarchie en quelques exemples O07 6:50AM

100 Ways GOP Have Stolen Elections Since 1876 O06 12:03AM

Proximospective de l'univocité réifiée O05 6:27AM

“Kava-no!!!” O04 6:42PM

Trump & Palestine vs. Genesis, Rashi & The Land of Israel O03 6:29PM

The Criminality of the Elites O03 11:35AM

Business de l'inhumanitaire O03 7:51AM

Marriage Rape/Date Rape Highest Rapes O02 2:59PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy