Financier George Soros Is Not Happy About A Trump Presidency
The Democratic Party has always been a party for the working class. Democrats are the yin, and Republicans are the yang in the political world. But through the years, the yin and yang of politics have grown closer together. Even though the Democrats claim to be liberals, and the Republicans are called conservatives, there are conservatives in the Democratic Party and liberals in the Republican Party. Some of the major donors to those ideologies would like to change the direction of their chosen party. One of those donors is billionaire hedge fund investor George Soros.
George Soros has been an influential voice in the Democratic Party for years. In 2004, Soros spent more than $14 million to keep George W. Bush out of the White House. And in 2015 and 2016, he donated $8 million to elect Hillary Clinton. George spent another $6 million on other political contests around the country. He supported Democratic senators and congressmen, and other Democrats that were running for district attorney in several states. George lost the election on November 9, 2016, but he didn’t lose his will to fight
Donald Trump doesn’t have what it takes to run the country, according to Soros and the popular vote. Soros thinks Trump is all show, and Soros isn’t fooled by his showmanship. George Soros, and a group of major Democratic donors, political leaders, and union executives met in Washington, D.C. recently to discuss the future of the Democratic Party. That group wants to keep Trump in check, according to an article posted by politico.com. Nancy Pelosi, the recently reelected Democratic leader of the House, attended the conference, and so did Senator Elizabeth Warren. The conference is the first step in thwarting Trump’s first 100-day plan. Soros and other Democrats want to protect the achievements of President Obama.
Read more: George Soros’ quiet overhaul of the U.S. justice system
The Democratic Alliance Donor Club was formed by Soros, after the 2004 election. The Democratic Alliance sponsored the conference. The goal of the conference is to achieve a just and equitable nation. The Democratic Alliance was designed to represent the working class. But the 2016 election proved that the working class no longer trusts the Democratic Alliance. George Soros is planning to change that perception in 2017. Soros and the other major donors will spend millions to bring the Democratic Party back from the brink of disaster over the next four years.
Reshaping the Democratic Party is at the top of the Soros agenda. George Soros recently entered the hedge fund world after retiring in 2015. He recently made a huge investment in the gold market. George is also one of the hedge fund managers that is betting the Chinese yuan will lose 40 percent of its value over the next 18 months. A recent report showed that the Chinese banks are hiding more than $2 trillion in bad debts. Soros believes the Chinese government will be forced to use capital reserves to prevent a nationwide bank failure. If George is right about the Chinese situation and the gold market, he’ll have more money to invest in a Democratic overhaul.
Read more from George Soros over at Bloomberg
Find out more about George Soros on Politico.com