http://www.highbeam.com/doc/1G1-187707526.html?key=01-42160D517E191C6E140A051A04684B36254D35463B78700E730E0B60641A617F1371193F
Have you ever wondered why billionaires like George Soros financially support politicians who say they will increase taxes on the rich ? The answer quite simply is that the tax increases are most often put on people trying to become rich, not those already rich. Hence, the rich, big government advocates can gain far more by buying the politicians. The bought politicians then provide them with confidential information about administrative decisions, which these donors then use to place big bets in the market, making themselves much richer. If you have deep financial pockets and inside information, you can make huge amounts of money when markets drop.
Mr. Soros, the Democrats' financial angel, is often referred to as the man who broke the bank of England in the 1992 Sterling crisis. During that episode, he made $1 billion in one day at the expense of British taxpayers. The relevant question is, did Mr. Soros bet a couple of billion dollars on mere guesses of what the German, French and British officials would do, or did he have inside information?
A member of the British Parliament, who was a close adviser to the British chancellor at the time, told me he believes Soros was acting on insider information obtained from the French central bank and the German Bundesbank. The insider information was that they would not support the British pound, despite a pre-existing arrangement to do so. Others familiar with the situation have made similar charges.
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Mad Poet Strikes Again.
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