Big business is fascinating because the people in charge wield enormous power, have fabulous wealth, and are privy to all kinds of secrets.  Prominent among them is George Soros.  Although widely known for many decades, in many ways he remains an enigma, shrouded in mystery and rumor.   

Like other Jews, Soros was sent to Auschwitz when the Nazis took over Hungary.  Unlike most, he seems to have survived the ordeal seemingly unscathed, and has become exceptionally wealthy.    

After the war, he studied at the London School of Economics and Political Science; then he turned to business.  Blessed with the Midas Touch, his investments in stocks, commodities, currencies, etc. became exceptionally lucrative.  Rather than take profits and enjoy life, he used those gains as seed money for much more ambitious goals.  

According to Wikipedia, Soros set up his first hedge fund, Double Eagle, in 1969.  He used the profits to start a second hedge fund, Soros Fund Management.  And in 1973, he started the Quantum Group in partnership with Jim Rogers.  

In 1980, the Quantum Fund was worth $100 million.  A year later it was worth $381 million.  And by 1987, Quantum’s value had soared to $21.5 billion.  In 1981, Institutional Investor called Soros “the world’s greatest money manager.”  Soros did pretty well managing his own account too and, at that point, was worth more than $100 million.  Luck, however, is fleeting, and later that year it dropped by nearly 23%.  Soros overcame that setback and recouped the decline manifold. 


Taking On Big Banks 

One of his most spectacular trades was made in 1992 with right-hand man Stanley Druckenmiller.  Soros bet $10 billion against the British pound.  The risk paid off big time as he earned $1 billion and became famous for his daring and market insight.  The trade also brought him a great deal of fame because with it, he “broke” the Bank of England.  

This was not the only time he had taken on a national bank.  In 1997, he bet $1 billion against the Thai baht, “helping engineer the Asian financial crisis via his political connections,” to quote Business Insider. 


Rumors And Conspiracy Theories 

Exceptionally wealthy people sometimes are victims of wild conspiracy theories.  For example, there are individuals who believe Elon Musk is an alien.  

Even so, Musk is getting off easily compared to Bill Gates.  Some people were convinced Gates was planning to inject microchips into people through Covid vaccines and activate them using 5G towers.  Others say that Dr. Fauci is the real head of Microsoft, that the two studied together at Harvard, and that the pandemic was part of his plan to sterilize the population and depopulate the world. 

Still, Gates is getting off easily compared to Soros.  Like other billionaires, he has ties to Big Tech, access to seemingly endless money, and connections to very powerful politicians.  And some conspiracy theorists believe he is using these assets to control the world.  

For example, it has been reported that one extremely powerful politician interrupted his schedule to take a call from Soros, obediently wrote the instructions Soros gave, and followed them to a “T.”  Is this true?  No one can prove it, but no one can refute it either.  What is certain is that influencing politics has become part of his overall strategy.  

The New York Post reported that his son Alex, now in charge of the Soros empire, has paid at least 20 visits to the White House since Biden was elected.  

According to The Washington Times, Soros has provided the funding “to help elect 75 pro-criminal prosecutors.”  They are said to represent one in five Americans.  Among them is Manhattan DA Alvin Bragg, who made an unprecedented move by indicting former President Trump.  

An article in The Washington Times last April stated: “Mr. Soros bankrolls…open borders, shrink the police, dismiss American sovereignty, finance journalism and elect left-wing ideologues.” It also blamed Soros for Biden’s open border policies to flood the nation with illegal immigrants who are expected to eventually vote as Democrats.  

Soros also has been blamed for the migrant crisis in Europe.  According to Wikipedia, in 1997 Malaysian Prime Minister Mahathir Mohamad blamed him for the Asian financial crisis.  According to Wikipedia, Turkish President Erdogan blamed him for the political turmoil in Turkey in 2018.

Some also say he supported certain anti-gun activities and the October 2018 Central American immigrant caravans.  In 2018, President Trump tweeted that Soros was backing the protests against Justice Kavanagh’s nomination. 

Soros has been demonized in his native Hungary.  China does not allow him entry.  And Putin said that if Soros attempted to enter Russia, his plane would be shot down.  Over the years, there have been many other rumors, some especially appalling and horrendous.   

How could a Holocaust survivor who began his career in a foreign country, with no money or family connections, rise to the heights of the business world?  Is it possible he really controls currencies and countries, powerful politicians and political agendas?  One simple answer is “Yes,” and another is “No.”  And another can be traced to a book written more than a century ago.  


Keeping Hate Alive  

The Protocols of the Elders of Zion was written in Russia in 1905.  According to the Holocaust Encyclopedia, its intent was to portray Jews as conspirators against the state and it attempted to do that “by describing the secret plans of Jews to rule the world by manipulating the economy, controlling the media and fostering religious conflict.”  

The book was brought to the West in the early 1900s and spread across Europe, the US, South America, Japan and even to some Arab countries.  In 1920, a newspaper owned by anti-Semite entrepreneur Henry Ford published a series of articles based on it.  

In 1921, the London Times presented conclusive proof that Protocols was “a clumsy satire copied in large part from a French political satire that never mentioned Jews.”   

In 1964, a Senate report called the book “gibberish.”  In 1993, a Russian court ruled that publishing it was “anti-Semitic.”

The Holocaust Encyclopedia writes that Protocols “remains the most influential antisemitic text of the past one hundred years, and it continues to appeal to a variety of antisemitic individuals and groups.”  

Despite these refutations, many people believe that Jewish cabals and conspiracies are real and are responsible for all of the world’s problems.  And there are people who believe Soros is part of them.

The sad repercussion of such slander is that they give credibility to anti-Semitic prejudices and perpetuate them.  

Why is there so much suspicion, hate, and fear of Soros?  After all, a person would need supernatural powers to have done everything he’s accused of doing.

Of course, it’s impossible.

Isn’t it?  


Gerald Harris is a financial and feature writer. Gerald can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.