Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Soros’

A Better Bailout Was Possible

Posted by hkarner - 18. September 2018

Rob Johnson

Rob Johnson is President of the Institute for New Economic Thinking and a senior fellow and Director of the Global Finance Project for the Franklin and Eleanor Roosevelt Institute.

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union.

Back in 2008, a critical opportunity was missed when the burden of post-crisis adjustment was tilted heavily in favor of creditors relative to debtors. The result was not only prolonged stagnation, but also the Republican Party’s embrace of demagogic populism and the election of Donald Trump.

NEW YORK – The recent exchange between Joe Stiglitz and Larry Summers about “secular stagnation” and its relation to the tepid economic recovery after the 2008-2009 financial crisis is an important one. History does not repeat itself, but it rhymes, Mark Twain reportedly once said. But, to paraphrase Bob Dylan, in light of our recent economic history, history doesn’t rhyme, it swears.1

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Starinvestor Soros warnt vor neuer Finanzkrise

Posted by hkarner - 30. Mai 2018

29. Mai 2018, 17:06 derstandard.at

Soros sieht die Existenz der Europäischen Union bedroht. Schuld seien vor allem politische Fehler der Vergangenheit

Wien – Mit düsteren Prognosen ließ am Donnerstag George Soros aufhorchen. Der Starinvestor warnte, dass eine Aufwertung des Dollars und damit einhergehende Kapitalflucht aus Schwellenländern zur nächsten großen Finanzkrise führen könnten, sagte der Milliardär im Gespräch mit der Agentur Bloomberg. Die Europäische Union stehe vor einer existenziellen Bedrohung. Das Ende des Iran-Abkommens und die verschlechterten Beziehungen Europas zu den USA würden die Wirtschaft des Kontinents negativ beeinflussen. Auch prophezeite der Investor, dass die Währungen von Schwellenländern weiter abwerten würden.

Fehler der Vergangenheit

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Why is Hungary turning to nationalism?

Posted by hkarner - 8. April 2018

Date: 06-04-2018
Source: The Economist

A perceived threat to its identity has played a part

VIKTOR ORBAN looks set to win another four years as prime minister of Hungary when his country goes to the polls on Sunday. A recent speech outside Parliament epitomised his approach. On March 15th—a national holiday commemorating the failed 1848 uprising against the Habsburgs who ruled Hungary for centuries—Mr Orban (pictured) issued a rousing battle-cry to defend the Magyar homeland from waves of migrants; militant Islam; plans in Brussels for enforced migrant quotas; and a United States of Europe. In today’s Europe, thundered Mr Orban, “it is forbidden to speak the truth”: that immigration brings crime and terrorism and “endangers our way of life, our culture, our customs and our Christian traditions”. During the campaign there has been little mention of health care, education and the economy. Why have Mr Orban and his ruling Fidesz party been so successful at rallying Hungarians to the nationalist message?

Ever since the conquest of the Carpathian basin by the Magyar tribes around 1,100 years ago, Hungary’s history has been that of a small, embattled nation, fighting continually for its survival. It has been conquered and occupied by Tatars, Ottoman Turks, Nazis and Russians. The failed uprisings of 1703 and 1848 against the Habsburgs and the 1956 revolution against the Soviets are burned into the national psyche. (The Nazi invasion of 1944, when the Hungarian state mobilised to send hundreds of thousands of Jews and thousands of Roma to their deaths receives less attention.) That embattled theme resonates in the debate about refugees today. Hungarians also like to describe themselves as a Magyar island in a Slav sea. Other countries in the region share a similar history of occupation but speak Slavic tongues that are, to some extent, mutually comprehensible, giving them a sense of having cultural, linguistic allies in their suffering. The Magyars feel like a race apart: their language is unrelated to the Indo-European tongues that surround them, and works as a powerful national glue. Den Rest des Beitrags lesen »

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The Social Media Threat to Society and Security

Posted by hkarner - 15. Februar 2018

George Soros

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union.

It takes significant effort to assert and defend what John Stuart Mill called the freedom of mind. And there is a real chance that, once lost, those who grow up in the digital age – in which the power to command and shape people’s attention is increasingly concentrated in the hands of a few companies – will have difficulty regaining it.

MUNICH – The current moment in world history is a painful one. Open societies are in crisis, and various forms of dictatorships and mafia states, exemplified by Vladimir Putin’s Russia, are on the rise. In the United States, President Donald Trump would like to establish his own mafia-style state but cannot, because the Constitution, other institutions, and a vibrant civil society won’t allow it. Den Rest des Beitrags lesen »

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The Hungarian Government’s Failed Campaign of Lies

Posted by hkarner - 11. Dezember 2017

George Soros

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union

The Hungarian government has released the results of its „national consultation“ on what it calls the „Soros Plan“ to flood the country with Muslim migrants and refugees. But no such plan exists, only a taxpayer-funded propaganda campaign to help a corrupt administration deflect attention from its failure to fulfill Hungarians’ aspirations.

NEW YORK – In October, Hungary’s government mailed questionnaires to all four million of the country’s households asking for peoples’ views on seven statements describing my alleged plan to flood Europe, and Hungary in particular, with Muslim migrants and refugees. The government made seven assertions about what it calls the “Soros Plan.” I rebutted each and every one based on my published statements or the lack of any published statements that could substantiate them. Den Rest des Beitrags lesen »

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George Soros’s $18 Billion Tax Shelter

Posted by hkarner - 26. November 2017

Date: 25-11-2017
Source: The Wall Street Journal

The wealthy have tucked billions into private nonprofits—where the IRS can’t touch it.

Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion of his fortune to a private charity that he controls. There it will be sheltered from the Internal Revenue Service forever. This may be the single biggest tax dodge in U.S. history, yet no one on the right or left seems to have raised an eyebrow.

True tax reform is predicated on the principle that all income should be taxed at a low rate once, and only once. But much of the wealth that Mr. Soros spent years moving into his Open Society Foundations will never be taxed. A gift of billions of dollars of appreciated stock escapes any capital gains tax, and the estate tax as well. So Mr. Soros can donate appreciated stock that Open Society Foundations can liquidate without the government ever taking a cut.

There’s more. When a person donates untaxed, appreciated assets to a private foundation, he may also deduct up to 20% of its market value on his personal return, carrying forward this deduction for five years. This double write-off may be the sweetest deal in the tax code. Den Rest des Beitrags lesen »

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Brexit In Reverse?

Posted by hkarner - 20. Juni 2017

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Standing Up for Europe

Posted by hkarner - 2. Juni 2017

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Soros: Angela Merkel hat Zerfall der EU ausgelöst

Posted by hkarner - 29. Dezember 2016

Deutsche Wirtschafts Nachrichten  | 

Merkel SorosDer Investor George Soros sieht die EU am Ende. Die Schuld gibt er Angela Merkel.

George Soros liefert in einem Artikel für das Project Syndicate eine düstere Analyse über den Zustand der EU: Nach Ansicht des einflussreichen Investors ist die EU am Ende, weil Deutschland sich nur an seinen „engen eigenen Interessen“ orientiert habe. Anders als die USA nach dem Zweiten Weltkrieg hätten Deutschland den „anderen Nationen ein Austeritätsprogramm auferlegt“, statt ihnen mit nach der Lehman-Pleite im Jahr 2008 mit einem neuen Marshall-Plan zu helfen.

Der Zerfall sei durch Bundeskanzlerin Angela Merkel ausgelöst worden: „Als Lehman kollabierte hat sich Deutschland nicht reich genug gefühlt, um zusätzliche Verpflichtungen zu übernehmen. Als die europäischen Finanzminister erklärten, dass sie keine andere systemisch wichtige Finanzinstitution scheitern lassen würden, hat die deutsche Bundeskanzlerin Angela Merkel erklärt – indem sie die Wünsche ihrer Wähler richtig interpretierte -, dass jeder Mitgliedsstaat die Sorge um seine eigenen Institutionen selbst übernehmen müsse. Dies war der Beginn des Prozesses des Zerfalls.“ Den Rest des Beitrags lesen »

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Open Society Needs Defending

Posted by hkarner - 29. Dezember 2016

Photo of George Soros

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