----- Original Message -----
From: F J BERNAL <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>
Cc: <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]>
Sent: Friday, April 07, 2000 3:01 PM
Subject: [STOPNATO] Soros, the Philanthropist (READ, POST, PUBLISH OR FORWARD)
STOP NATO: NO PASARAN! - HTTP://WWW.STOPNATO.HOME-PAGE.ORG
Soros, the Philanthropist
George Soros is the typical case of the new speculative capital that is
entering in Hispano-America. In addition to his great purchase of the
lucrative Russian telephone monopoly Svyazinvest, in collaboration with the
Deutsche Morgan Grenfel, where some people alleges that Soros has
earned billions speculating with the exchange rate in England and more
recently in Southeast Asia, where he and his cabal of speculators, aka
Quantum Group, "upset currencies in order to pursue his own political
agenda" (Malasyan PM's words) in 1997. The currencies in the region were
drastically devalued in a few weeks and more than $100 billion in the central
bank reserves of those countries were expended in a failed attempt to
defend their currencies. There was a net withdrawal of foreign funds
reaching $12 billion from South Korea, Indonesia, Thailand, Malaysia and
the Philippines. In a year, $105 billion flowed out ($12 billion net outflow in
1997 coming after a $93 billion net inflow in 1996), equivalent to 11% of total
production in these countries. In the span of a few months, the overall value
of stock markets in Asia fell by 60%.
The philanthropic incursions of Soros in East Europe helped him to create
bridges with future politicians and intellectuals that later facilitated lucrative
opportunities to him of investment in the purchase of companies in that
region.
Like it was to be expected, Soros is the first in front of the speculative
outpost in Latin America. He found right opportunities to make a great
fortune under the Carlos Menem's regime. With an initial investment of $10
million in 1990, his profits in real estate now surpass $550 million, including
two towers of offices, two residential marinas in a de-luxe harbour complex,
flats for sectors of high income and plans to reconvert the Market of Supply
(Mercado de Abastos) of Buenos Aires. He has bought four of the six
biggest mall centres of Buenos Aires and a great sport complex and today
he is the biggest landowner and cattle dealer of Argentina. This last one is a
result from an investment of $17 million in 400.000 hectares of land and
160,000 heads of cattle. At the beginning of 1997, with a profitability of $90
million taken from that property, Soros bought another 60,000 hectares of
agrarian land plus 87,000 heads of cattle. The value of the land has been
duplicated in about two years and the American market "has been suddenly
opened" to exports of Argentinean beef meat for first time in 60 years.
And while the value of the land increased and his leasing business were
multiplying, Menem's regime was proclaiming its success to attract new
capitals. At the same time, general strikes were spreading to every province
of Argentina and massive demonstrations of Health and Education Service
workers, usually exploited or unpaid, became frequent.
Mexico is another target for the speculative adventures of Soros, with
investments of $1,3 billion in real estate. Thus, while the standard of life is
going down, the external predator arrives to catch the profits.
In Venezuela, Soros took control of numerous "automatic tellers" networks
and a company of real estate whose capital surpasses $150 million (Fund
of Real Estate Values, FVI). In addition, he has shares in lucrative
companies of mining, textiles and electrical energy. Of course, he
financially help the opposition to Hugo Chavez's populist government.
In Brazil, he has shares for $245 million in privatised telecommunication
company, Telebras, a majority share in Brazil Realty, and investments in
skyscrapers for business offices in the centre of Sao Paulo.
Like in his previous incursions, taking advantage - in association with local
speculators- of the legal vacuum fomented by corrupt and repressive US-
backed regimes, Soros covered up his predatory actions with a
philanthropic faccade. In effect, while he was earning trillions at the expense
of farmers and natives deprived of their land, Soros Foundation opened an
office to offer free education to indigenous and street-children in Guatemala
City.
Very Philanthropic.
Javier Bernal (copyleft 2000 - Feel free to forward as much as you can)
PS: To know more:
Latin America in the Time of Cholera : Electoral Politics, Market
Economics, and Permanent Crisis, by James Petras, Morris Morley
http://www.amazon.com/exec/obidos/ASIN/0415905354/amazonatechelon
"George Soros buys Ukraine", by Connie Bruck in The New Yorker, 23
January 1995
http://www.ukar.org/soros01.shtml
"Beware of billionaires bearing gifts", by Richard C. Morais in Forbes 7 April
1997
If you've dimly wondered what is happening in Albania, we can, in a brief
sentence, explain: George Soros' friends are coming out on top...
http://www.forbes.com/forbes/97/0407/5907082a.htm
______________________________________________________________________
To unsubscribe, write to [EMAIL PROTECTED]
Start Your Own FREE Email List at http://www.listbot.com/links/joinlb
Soros.doc
