Good write up of Soros history back to 87 Crash. M Armstrong being involved..
Soros and the Club Trading Against Socrates – a History of Failures
Soros cloaked himself in philanthropy, but behind the scenes, he was a key instrument in the economic conquest of Russia. Russia rejected his meddling, and Soros himself claimed the collapsed caused one of the worst losses in his career. He began urging for a “global open society” and believed the West could help develop former communist countries. His goal has shifted to influencing governments globally to reshape the world as he sees fit, and he seems to be quite better suited in that role than in money management.
The ”Club” believed that Russia would be that guaranteed trade in 1998 because they wrongly believed the IMF would not allow the ruble to collapse. Everyone was in on the same trade. The truth of the matter is that there is no guaranteed trade and you cannot time the markets.
I tried to help Russia maintain its sovereignty and avoid becoming a pawn in the West’s financial empire. For that, I was punished. The 1998 collapse wasn’t a miscalculation — it was a takedown.
George Soros and Edmond Safra were friends. The two businessmen, along with Robert Maxwell, father of Jeffrey Epstein’s top associate Ghislaine Maxwell, were accused and found guilty of insider trading by a Parisian court. The three men were believed to profit from a takeover bid in 1988 of a French bank, Societe Generale. Two of the three men were dead by the time the case was reopened in 2002, and Soros was fined €2.2 million for his role but denied any wrongdoing.
The West’s obsession with regime change has never been about democracy–it’s about control. In “The Plot to Seize Russia,” I lay out how the Club — a loosely aligned network of intelligence operatives, NGOs, and financial elites — orchestrated a coup in Russia following the collapse of the Soviet Union. Soros was not just an ideologist; he was a tool used by Western intelligence to push so-called “open society” policies, which conveniently destabilized post-Soviet states and made them ripe for exploitation.
Soros’ Open Society Foundations funneled money into Eastern Europe under the pretense of democracy-building, but the real goal was to suppress Russian nationalism, install Western-friendly oligarchs, and open up markets for Western looting — a financial shock therapy. These efforts led directly to the 1998 Russian default, which was engineered by the Club’s manipulation of IMF policies and corrupt privatizations.
Soros redeemed himself in 1992 after shorting the pound, but anyone knowledgeable could have made that prediction. In the early 1990s, the UK tried to peg the pound to the Deutsche Mark under the Exchange Rate Mechanism (ERM). Capital was leaving Britain, and the pound was massively overvalued. George Soros didn’t “break the Bank of England” as the headline suggests, rather the British government broke itself with arrogant policies, and Soros simply took advantage of the stupidity. Soros, through the Quantum Fund, shorted more than $10 billion worth of pounds. Why? Because he knew the Bank of England couldn’t defend the peg forever. The BoE tried to raise interest rates from 10% to 12%, then to 15% in one day to support the pound. But capital markets simply laughed. Traders were selling faster than the central bank could intervene.
Former US President Bill Clinton and the Russian government lobbied the IMF for assistance. On July 13, 1998, the IMF sent Russia a $22.5 billion bailout package in the form of a loan to stabilize the ruble with foreign currency reserves. Millions of workers and pensioners had gone months without receiving payment at this time. The currency collapsed wiped out savings and caused inflation to soar. Clinton and Yeltsin had an interesting tie. The US directly interfered in the 1996 Russian Presidential Election to reinstall Yeltsin at the helm. Yeltsin sold out Russia for personal power, Western praise, and protection. This set the stage for a collapse in public confidence. In turn, Western financiers were provided a grand opportunity to plunder Russia during the collapse, buying Russian assets for pennies on the dollar.
I never joined the bankers and they were behind instructing the CFTC to shut down Princeton Economics. I also was not trading against the bankers but merely trading based on my computer model, a model so invaluable that the government was willing to kill me in an attempt to seize it. The bankers know if they spin news that is bullish, they get the gold bugs to buy, and they inevitably sell to them to exist their trade. They manipulate the investors the same way the Fed tries to do with interest rates. I had more clients than anyone else. This is why the bankers always tried to get me to join them and the Club.
They thought I could say “Buy!” and they could exit their trades or sell. Likewise, if I said “Sell!” then they could buy. How many times would that work before people figured out such a scam? Soloman Brothers was notorious for that back in the 1980s. Their analysts would say buy, and on the floor, it was Solomon Brothers selling. That was the perception regarding Henry Kaufman’s forecasts back then.
Goldman Sachs was criticized for creating products to sell to clients and then trading against them. The bankers have never looked at their clients as “clients” but as adversaries against whom they make money. My business was always the exact opposite. The bankers didn’t like that very much. I advised my clients against the bankers – that is why they did whatever they could to stop me. They used Republic Bank to rob my clients. When I refused to take the fall for LTCM or play their game in Russia, they came after me.
The American neocons/bankers were blackmailing Yeltsin to appoint Berezovsky as president of Russia and call off the elections. The communists had filed an impeachment motion to overthrow Yeltsin, and this is how Putin came to power because he was not a politician, not an oligarch, and was NOT a communist. Yeltsin’s last words to Putin—“Protect Russia!”
Browder made crucial connections with Western elites, US intelligence agencies, and neocon think tanks. The Magnitsky Act opened the door for unilateral sanctions under the guise of morality. All of these financiers found their way into government and continue to play extremely influential roles in shaping societies to their own benefit.
Safra was linked with Boris Abramovich Berezovsky and allegedly Vladimir Aleksandrovich Gusinsky, the media tycoon. As the plot was laid out by Russian sources, Yeltsin was convinced to take $7 billion from the IMF funds to refurbish the Kremlin. The funds were wired to a largely unknown company in Switzerland. The wire was steered through Bank of New York and as soon as it was made, Safra had his bank run to the Feds and report that Bank of New York had just conducted a money laundering event.
The ”Club” believed that Russia would be that guaranteed trade in 1998 because they wrongly believed the IMF would not allow the ruble to collapse. Everyone was in on the same trade. The truth of the matter is that there is no guaranteed trade and you cannot time the markets.
Socrates is not about guarantees. It maps out the paths of probability and lets you see the most likely turning points in global markets through reversals, timing arrays, and capital flows. Researching history to see how it will shape the world is my passion. I was never in it for the money or fame. This is not just about trading. It’s about understanding how the world functions. Socrates is my life’s work—decades of historical research, market data, and economic models distilled into one system that thinks without bias. |
