George Soros battles $10B lawsuit, familiar charges of wielding political influence

[Zodiac4u]

(Extreme) liberalism or any other extreme does not promote balance, and without balance we have chaos.

 

[piezoe]

You come across as one of George Soros's many leftist groupies. Please spare me of any further nonsense regarding Georgies agendas. As far as I'm concerned he is a parasite that runs numerous organizations designed to function like a parasitic body. It's main goal is to undermine anything in its way. George lives by a double standard set of rules, he profits as he destroys and he doesn't have a single moral cell in his body. Very typical for an underminer, he does it because he can, and he does it without breaking any laws or at least he broken one in France and was charged with insider trading. Maybe now that France voted in another underminer (Macron) he can get it thrown out.

I have to take a shower now I feel dirty after talking about him

you didn't read anything, did you. Well , I guess I should have expected that.

 

[jem]

friedman wrote the reply to this socialist tripe filled with red herrings probably before soros even wrote this ode to marxism.

.

I'm going to take the time to quote from what George Soros himself has written. The reason I do this is because it is so easy to form a misconception regarding his philosophy and we owe it to ourselves to try and understand this brilliant and complex man. There is a practical reason. What you can learn from him can be be useful to you personally. It was very much so in my case. You may have to read the second quote that follows more than once to fully grasp its import. However I first must call your attention to a definition of what he calls "market fundamentalism" :

... [ market fundamentalism ] has become deeply ingrained in people's thinking. Even as the experts have modified their views, public policy in the United States and elsewhere is still guided by the belief that financial markets tend toward equilibrium that assures the best allocation of resources, and it is only government interference that stands in the way. I have called this dogma "market fundamentalism"* and it remains very influential. ["Alchemy of Finance", Pg. 4]​

Now to a Soros quote that should be very beneficial to anyone truly interested in understanding Soros.

Market fundamentalists insinuate that markets have a moral quality about them by allowing the diligent and creative participants to come out ahead. This argument always suffered from neglecting the social injustice of unequal endowments; but it is entirely destroyed if financial markets do not merely permit free exchange but promote the dominance of the powerful. As I have pointed out elsewhere, the distinguishing feature of financial markets is that they are amoral; that is one of the factors that make them so efficient. But society cannot exist without morality; therefore it cannot rely exclusively on market discipline. Market fundamentalism is a convenient ideology for the rich and powerful. ["Alchemy of Finance", Pg. 14]
​

_________________
* In the 19th century, often expressed by the French term laissez faire. This market fundamentalism that Soros writes of is often championed by the the far right in ET posts.
Soros has thoroughly discredited market fundamentalism, and this must be yet another reason why he is so disliked by those with far right politics.

​

 

[jem]

soros is con man and you are his preacher... because you are paid to be one.
cease acting like you have any sort of high ground.

you didn't read anything, did you. Well , I guess I should have expected that.

 

[piezoe]

Piezoe is a long-time supporter of Soros.

Indeed. He is a personal hero of mine. I have tremendous respect for him. But then I take the time to get accurate, and complete information. And I have read a number of his books. One of which is arguably the most important book on investing and trading yet written, viz., "The Alchemy of Finance".

"To my mind, he decisively punctures the standard textbook model of efficient markets and rational expectations, what he labels 'market fundamentalism'... ignor[ing] the systematic implications of [George Soros's] observations will, in my judgement, fail to develop the full potential of globalized finance for well-developed and underdeveloped economies alike. ... the bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become "open societies," open not only in the sense of freedom of commerce, but --more important-- tolerant of new ideas and different modes of thinking and behavior." - Paul A. Volcker​

"History will probably remember Mr. Soros as the speculator who tilted against the Bank of England in in 1992 (and freed the English people from recession) ... But I am going to remember him for something even more important, for which he does not receive the credit he deserves, He is someone who genuinely cares about the state of the human condition and tries to better it. His myriad and monumental philanthropic efforts will qualify him as one of history's great benefactors." - Paul Tudor Jones II
​

 

[Zodiac4u]

you didn't read anything, did you. Well , I guess I should have expected that.

You are mistaken, I have read the material. Keep drinking his cool aide.

 

[Tsing Tao]

Indeed. He is a personal hero of mine. I have tremendous respect for him. But then I take the time to get accurate, and complete information. And I have read a number of his books. One of which is arguably the most important book on investing and trading yet written, viz., "The Alchemy of Finance".

"To my mind, he decisively punctures the standard textbook model of efficient markets and rational expectations, what he labels 'market fundamentalism'... ignor[ing] the systematic implications of [George Soros's] observations will, in my judgement, fail to develop the full potential of globalized finance for well-developed and underdeveloped economies alike. ... the bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become "open societies," open not only in the sense of freedom of commerce, but --more important-- tolerant of new ideas and different modes of thinking and behavior." - Paul A. Volcker​

"History will probably remember Mr. Soros as the speculator who tilted against the Bank of England in in 1992 (and freed the English people from recession) ... But I am going to remember him for something even more important, for which he does not receive the credit he deserves, He is someone who genuinely cares about the state of the human condition and tries to better it. His myriad and monumental philanthropic efforts will qualify him as one of history's great benefactors." - Paul Tudor Jones II
​

Yes. And tell us again all about how the Federal Reserve is an incredible institution, borne of brilliant minds like Bernanke and Yellen. You certainly are on the right side of history, Piezoe.

 

[Zodiac4u]

 

[piezoe]

You are mistaken, I have read the material. Keep drinking his cool aide.

I don't know you personally, so I only have your posts to go on. That has the advantage of precluding me judging you on the basis of your appearance. I have but a tiny glimpse of your personality, that little bit that comes through from your posts. And that's all you have to go on with regard to myself. I didn't take me long, however, to conclude that Mr. Soros is a far better trader and investor than I, and I am going to guess that he is also a far better trader and investor than you. One thing I can be virtually certain of, however, is that he has done far more for mankind than both of us together many times over. I applaud him for that. I invite you to prove me wrong.

 

[piezoe]

Yes. And tell us again all about how the Federal Reserve is an incredible institution, borne of brilliant minds like Bernanke and Yellen. You certainly are on the right side of history, Piezoe.

I've neither the time nor inclination at the moment to go into our differences with regard to Fed policy. Perhaps at a later time. In fact the Fed has been quite thoroughly discussed on ET already. I doubt there is much that can be added. My interest at the moment is in defending Mr. Soros against unfounded and unwarranted attacks.