by WAYNE MADSEN | CYRANO'S JOURNAL
Five major banks agreed to plead guilty to criminal charges brought by the U.S. Department of Justice for manipulating the exchange rates of U.S. dollars and euros. The banks were Citicorp, J.P. Morgan Chase, Barclays, Bank of America, and the Royal Bank of Scotland. A sixth bank, UBS Group, agreed to plead guilty to manipulating interest rates after the Justice Department granted it immunity on the exchange rate criminal charges. The banks will pay an estimated $5.8 billion in fines to the United States. However, only corporations were charged criminally. Not one individual banking executive was indicted in the currency manipulation scam.
The reason for no personal indictments is simple. George Soros, the man who opened up his checkbook in 2008 and 2012 for Barack Obama’s presidential campaign and is estimated to have poured millions of dollars into Obama’s coffers, made his hundreds of billions of dollars primarily from the same type of international currency manipulation that landed the five banks into trouble. Had Attorney General Loretta Lynch sought indictments against banking executives, any defense lawyer worth his or her salt would have brought up the fact that Soros, Obama’s «money bags», had evaded prosecution for the very same crimes for decades. The cries of uneven application of the law would have been shouted from defense tables at U.S. court houses around the United States.
Soros’s currency manipulation scheming saw its heyday during the Asian financial crisis of the late 1990s. It was during a time when Soros’s friend, Bill Clinton, occupied the White House. Although Soros’s currency exchange scams rocked stock exchanges around the Pacific Rim, there was no attempt by Clinton’s Justice Department to indict Soros, an emigré from Hungary, to justice. One of the worst-hit countries from Soros’s currency manipulation was Malaysia, which saw its ringgit plummet in value. Malaysian Prime Minister Mahathir Mohamed thundered that Soros was part of an international Jewish bankers’ conspiracy to attack the Malaysian economy. Mohamed said, «We do not want to say that this is a plot by the Jews, but in reality it is a Jew who triggered the currency plunge, and coincidentally Soros is a Jew.» Mohamed was condemned for «anti-Semitic» remarks but he was not the only leader to charge Soros with the very same currency speculation that recently landed the «Big 6» banks into criminal trouble. Soros’s short-selling the Thai baht resulted in the government of Prime Minister Chavalit Yongchaiyudh calling Soros an «economic war criminal.»
In 1992, Soros dumped £10 billion based on insider information that the pound would be devalued after Britain’s withdrawal from the European Exchange Rate Mechanism. Soros became known as «the Man who broke the Bank of England.» Soros’s attack on pound sterling caused the Chancellor of the Exchequer, Norman Lamont, to borrow £15 billion with an overall cost to Her Majesty’s Treasury of £3.4 billion. A few years earlier, in 1988, Soros was convicted of insider trading by the French Bourse regulatory authority. Soros had enough insider information that it enabled him to buy sizable chunks of the shares of four major French companies: Société Générale, Indo-Suez Bank, Paribas, and the Compagnie Générale d’Électricité. Soros’s conviction on insider trading was upheld by the European Court of Human Rights in 2006 and the multi-billionaire’s appeal of its earlier decision was rejected in 2011.
Soros’s influence not only extends over the Justice Department’s decision not to prosecute individual bankers for currency manipulation but also Obama’s foreign policy. Soros’s Open Society Institute and Foundation, as well as his generous gift, some would say bribe, of $100 million to Human Rights Watch and his sponsorship, along with the U.S. Agency for International Development (USAID)-funded National Endowment for Democracy (NED), of a number of Eastern and Central European front organizations has given the global hedge fund tycoon an inordinate amount of influence over U.S. foreign policy. Soros’s fingerprints on manipulation of political parties, media organizations and web sites, «civil society» groups, and governments, sometimes accomplished in league with Radio Free Europe/Radio Liberty, the operations of which Soros inherited from the Central Intelligence Agency, can be seen in «color revolutions» from Georgia and Ukraine to Macedonia and Serbia.
Soros has supported the independence of Kosovo, the U.S. and NATO protectorate that recently launched terrorist attacks on neighboring Macedonia from its soil. Kosovo and its U.S. military base at Camp Bondsteel serve as logistics points for the allegedly banned Kosovo Liberation Army (KLA), of which Kosovo Foreign Minister Hashim Thaci was once the chief, to attempt to stir up ethnic Albanians who are working with the Soros-funded opposition to overthrow the government of Prime Minister Nikola Gruevski.
The United States, perhaps representing the interests of Soros and his cabal of «democracy manipulators», was quiet as Macedonia discovered U.S. passports among the dead KLA terrorists found after their foray from Kosovo into the Macedonian town of Kumanovo. The recent attempt to force a revolution in Macedonia was not without the familiar Soros «theme.» As anti-government protesters teemed through the central square of Skopje, a female employee of the Soros-financed Helsinki Committee for Human Rights in Macedonia applied a heavy amount of red lipstick on herself and then proceeded to plant a kiss on the riot shield of a policeman. The attempt to stage a Kiev-like «Maidan Revolution» in Skopje became known as the «Lipstick Revolution» as Soros-financed media transmitted the photograph of the kiss imprint to web sites and news organizations around the world. In every case where the Soros organization engages in «democracy manipulation», the Obama-appointed U.S. ambassadors are willing accomplices. This was the case in Kiev with Ambassador Geoffrey Pyatt – and his boss and friend Victoria Nuland, the chief of the State Department’s Europe/Eurasia bureau — in Skopje with Ambassador Jess Baily, and in a number of other countries, from Algeria to Zimbabwe and Mongolia to Moldova.
Soros is a supporter of U.S. and European Union economic sanctions on Russia. However, Soros is also a keen manipulator of economic crises and he has taken advantage of artificial crisis brought about by Western sanctions against Russia to make money on investments designed to bypass Russian gas pipeline projects, such as the Turkish Stream project that is to bring gas from Russia to Turkey, Greece, Macedonia, Serbia, and Hungary. Soros’s financial support for the «Lipstick revolutionaries» in Macedonia is a clear attempt to dislodge that country from the Turkish Stream deal. Meanwhile, Soros and his close friend and business associate, Nathaniel Rothschild, have virtually purchased the nation of Montenegro, which, along with Croatia, are being dangled as alternate source of gas from U.S. tankers distributing it from new offshore gas terminals to be built in the Adriatic Sea. Oil and gas exploration companies, in which Soros has vested interests, are drilling in pristine Montenegro and Croatian waters. With Mr. Soros, the so-called defender of freedom, liberty, and the environment, comes phony staged revolutions, inter-ethnic bloodshed and civil wars, and the specter of off-shore platforms, fossil fuel marine terminals, supertankers polluting idyllic maritime regions, from the Adriatic coast to the Gulf of Mexico and the Alaskan Arctic North to Alberta prairies.
Soros’s domination of the Obama administration can be seen in Obama’s selections for not only Cabinet-level positions but, more importantly, in the secondary and tertiary levels of government where policy is produced. It is at these levels where Soros’s minions concoct foreign, economic, and defense policies that are indistinguishable from those of Soros. However, the Justice Department dared not indict individual bankers for currency manipulation. Had it done so, it would have also had to indict its true master, Mr. Soros.