George Soros laid the groundwork for Brexit

Editor, RE: “Standing up for Europe” (The New Times, June 4). Perhaps it should also be noted that, through his misnamed Open Society Foundations and many similar organisations of which he is the major or sole funder, such as Human Rights Watch (HRW), Mr. Soros is also a serial meddler in the affairs of a large number of sovereign states across the world, which he is determined to bend to his will and shape their governance to primarily serve his own interests and that of his financial class.

Editor,

RE:Standing up for Europe” (The New Times, June 4). Perhaps it should also be noted that, through his misnamed Open Society Foundations and many similar organisations of which he is the major or sole funder, such as Human Rights Watch (HRW), Mr. Soros is also a serial meddler in the affairs of a large number of sovereign states across the world, which he is determined to bend to his will and shape their governance to primarily serve his own interests and that of his financial class.

 

Mr. Soros, who is also a currency speculator (some might say currency manipulator), is also famous (or notorious, depending on your perspective), whose attacks on the British Pound was the most immediate factor in pushing that currency out of European Exchange Rate Mechanism (ERM or the Snake as it was informally called) on September 16, 1992 (a date that would henceforth be referred to in international financial markets and the financial press as Britain’s BlackWednesday).

 

The experience and the financial crisis it engendered for the UK was probably the main factor for the UK not joining the Euro, and perhaps also the event that ultimately paved the way for Brexit many years later. Paradoxically, Soros now denounces this sovereign decision of the British people; an example, if one was needed to illustrate the term chutzpah!

 

Mwene Kalinda

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