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George Soros: 5 Reasons Not to Trust Him

George Soros: 5 Reasons Not to Trust Him
(Win McNamee/Getty Images, file)

By    |   Thursday, 16 April 2015 11:06 AM

The ability of George Soros to make billions of dollars for himself and his clients is impressive. What he has done with his money makes some people distrust him.

Soros is a major contributor to left-wing causes and the Democratic Party, which many conservatives believe has turned too far to the left.

Here are five reasons you might not want to trust Soros:

1. While attending the London School of Economics, Soros began reading the "Open Society and Its Enemies" by Karl Popper. The book's author wrote that no ideology possesses the truth and that individual rights must be respected for a society to become successful.

Vote Now:Do You Think George Soros Is Good or Evil?

The idea that no system of thought holds the truth comes close to the belief of the left that there is no right or wrong. Also, if Soros believes in individual rights, the political organizations he supports often favor a collectivist society rather than one based on individuality.

2. Soros' success as an investor was based on risky behavior. His investment advice and moves on the market made him wealthy, but these characteristics might not be in the best interests of people in general when it comes to solving social and political problems.

Soros was called "the man who broke the Bank of England" after shorting the British pound on a currency speculation in 1992. It made him nearly $2 billion. He made a similar risky move on the Thailand currency, which some people say triggered the Asian financial crisis in 1997. His power worked for his investments, but it could also cause harm when dealing with issues that affect society.

3. An investment manager with Morgan Stanley once remarked that Soros' speculating methods "made globalists of us all" by looking at geopolitical events for the U.S. economy. The globalist view is not always in the best interest of the U.S.

4. Soros' Open Society Foundations helped fund groups that supported the net neutrality agenda, which puts more control of the Internet in the hands of the government instead of individuals. The Media Research Center reported that the Open Society Foundations and the Ford Foundation gave some $196 million to organizations supporting net neutrality, reports The Washington Examiner.

5. His success through investments and as a huge contributor of left-wing causes has affected his opinion of himself.

"I admit that I have always harbored an exaggerated view of self-importance — to put it bluntly, I fancied myself as some kind of god or an economic reformer like Keynes or, even better, a scientist like Einstein," he wrote in his 1987 book, The Alchemy of Finance.

Long-time friend Byron Wien commented that Soros believed "he's been anointed by God to solve insoluble problems," according to Discover the Networks.

Be Heard: What Do You Think About George Soros? Vote Here

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The ability of George Soros to make billions of dollars for himself and his clients is impressive. What he has done with his money makes some people distrust him.
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Thursday, 16 April 2015 11:06 AM
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