Category Archives: Refugee Crisis

George Soros Invests $500 Million To the Migrant crisis

George Soros has been in the news cycle during the year and with his $500 million gift to be used to benefit and ease the migration crisis, people are, finally, beginning to understand this man and what he represents. There had been more disinformation about George Soros in the past thanks to a disinformation campaign started within a fringe part of the Republican Party. The Republican efforts to discredit an honorable man should be soundly rebuked but in this society where money is power, that will not take place. The situation with Soros is similar to what took place with John Kerry in his run for the presidency. Kerry was a Naval officer in charge of a patrol boat in Vietnam; he received numerous decorations for valor and courage including the Purple Heart. At the end of the Vietnam War Kerry publicly returned his medals; stating the United States of America was wrong in its support of a corrupted South Vietnamese regime. After America had withdrawn its military support, the North Vietnamese took control of the country and made it a unified and communist country. For Kerry’s actions after the war, he was wrongly and falsely discredited by a campaign of misinformation, now called, “swiftboating” engineered by forces within the Republican party. At this point, George Soros helped to create a source to expose politically motivated lies and to report the truth. Snopes was started, which examines the facts and reports its findings to the public. This again was perceived by those on the far right, now called the alt-right, as an act of treason by Soros and they have made Snopes the enemy. But Soros is guided by a greater force learned from his days in the United Kingdom studying at the London school of Economics. Before he emigrated to New York to begin his financial career, Soros studied the work of Karl Popper who wrote The Open Society and Its Enemies. Soros was profoundly impressed by the book and would go on to name his foundation after Popper’s book.

Soros was born in Budapest, Hungary in 1930. He witnessed the occupation of Hungary first hand by the German forces and later would feel the impact of the liberating and occupying Russian Communist forces. He emigrated to London to study and would later live and work in the financial district of New York City. After working for several firms on Wall Street, he would begin his hedge fund, the Soros Fund, later renamed the Quantum Fund.

After making $1 billion in 1992, on a position betting against the British Sterling Pound, George Soros would turn his attention to philanthropy and started his Open Society Foundations that has continued to support after-school programs in New York City, aid for national disasters, funding for the arts, lending financial assistance to the Russian university system, fighting disease and combating “brain drain” in Eastern Europe, and lastly $500 million in support of the migration crisis on NY Books.