by Martin Armstrong, Armstrong Economics:
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.
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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.
The Club has sought my advice as they have traded against me with great losses. The Quantum Group of Funds that George Soros advises through Soros Fund Management lost over $800 million in Japanese stocks before the October 19, 1987, crash that my computer model accurately predicted. Soros attempted to short Japanese equities but was long in US indexes. Soros saw his fund decline by 30% from that miscalculation.
Socrates projected a major turning point in Japan for the 4th quarter of 1987, specifically October. It identified weekly and monthly turning points on the Nikkei 225 aligned with a high-volatility event. The computer pinpointed October 19, 1987, as a panic cycle — the same day the Dow Jones crashed 22.6%, while the Nikkei also turned down sharply.
By early 1992, Socrates was generating bearish reversals on the pound and upward turning points in volatility models. Socrates also forecasted a panic cycle in September 1992, aligning perfectly with Black Wednesday (September 16).
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.
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