How the British Invented George Soros
IN 1993, many in Europe felt betrayed.
Some grumbled about an “Anglo-Saxon plot.”
Britain had rejected monetary union with Europe, saying she would stick with the British pound.
Tempers flared. Tongues loosened. Rhetoric was starting to get downright racial.
“There is a kind of plot,” said Belgian Foreign Minister Willy Claes. “In the Anglo-Saxon world, there exist organizations and personalities who prefer a divided Europe.”
“Anglo-Saxon financial institutions” are undermining Europe’s efforts to unify currencies, charged Raymond Barre, France’s former Prime Minister.
Speaking before the European Parliament, Jacques Delors, President of the European Commission, railed against “les Anglo-Saxons.”
Not since Napoleon’s cuirassiers charged the British lines at Waterloo had the French-speaking world exploded in such fury against perfidious Albion. Tensions were escalating dangerously.
Not to worry, though.
Help was on the way.
The Soros Psyop
Into the breach stepped Roger Cohen, born and raised in England, educated at Oxford, but now writing for The New York Times.
Cohen slyly changed the subject.
He called Willy Claes’s office and asked spokesman Ghislain D’Hoop to please identify the “Anglo-Saxon” plotters.
There were many, D’Hoop replied. But one was George Soros.
D’Hoop had stepped into the trap.
He had given Cohen what he wanted.
In a September 23, 1993 article in The New York Times, Cohen noted wryly:
“But Mr. Soros hardly fits the traditional definition of an Anglo-Saxon. He is a Hungarian-born Jew who speaks with a noticeable accent.”
Cohen had deftly changed the subject.
Instead of an “Anglo-Saxon plot,” Cohen now offered a George Soros plot.
In a 900-word article which purported to discuss Europe’s currency crisis, Cohen devoted a third of the piece to Soros, ruminating at length about the unfair “opprobrium” Soros had endured for shorting the British pound in 1992 and the French franc in 1993.
While Cohen pretended to defend Soros, his article had the opposite effect.
Cohen actually drew attention to Soros, making him the centerpiece of a story that was not about Soros at all, or at least shouldn’t have been.
Cohen had thus deployed one of the most powerful weapons in Britain’s psywar arsenal.
I call it the Soros Psyop.
In my previous article, “How the British Invented Color Revolutions,” I explained how British psywar operatives developed bloodless coups and other behavioral technologies for manipulating foreign governments quietly and discreetly in the post-colonial era.
Britain’s strategy since 1945 has been to play possum, lying low and letting the Americans do the heavy lifting of policing the world.
Quietly, below the radar, however, Britain remains deeply involved in imperial intrigues.
One of the ways Britain hides its operations is by using George Soros and others like him as cover.
When British operatives engage in covert interventions such as destabilizing regimes or undermining currencies, George Soros always seems to pop up like a jack-in-the-box, mugging for the cameras, making provocative statements, and generally doing everything he can to draw attention to himself.
He is what intelligence professionals call a “noisy” operation.
Soros is the designated villain, the scapegoat.
He deliberately takes the blame for things, even when he is not to blame.
It’s a strange way to make a living. But it seems to pay well.
“The Man Who Broke the Bank of England”
Until 1992, most people had never heard of Soros.
Then the British media named him “The Man Who Broke the Bank of England.” Soros became an overnight celebrity.
The story goes that Soros shorted the British pound, forced a devaluation, and walked away with one (or maybe two) billion dollars in profit.
In reality, Soros was only one of many speculators who bet against the pound, forcing a 20-percent devaluation on “Black Wednesday,” September 16, 1992.
Some of the largest banks in the world took part in the attack, along with various hedge funds and pension funds. Yet British media zeroed in almost exclusively on Soros, claiming that Soros led the attack and supposedly made the most money from it.
There is, in fact, little basis for these claims, beyond Soros’s own boasts.
Soros Becomes a Celebrity
Global currency traders are notoriously secretive, fearful of public outrage and government scrutiny.
Nearly six weeks after Black Wednesday, no one was really sure who crashed the British pound.
Then something unexpected happened.
On October 24, 1992, Britain’s Daily Mail ran a front-page story featuring a grinning Soros holding a drink, with the headline, “I Made a Billion as the Pound Crashed.”
The Mail had somehow gotten hold of a quarterly report from Soros’s Quantum Fund.
Soros claims he was surprised and alarmed by the press leak. But he had a strange way of showing it. Soros went straight to The Times of London and confirmed the story, bragging that it was all true.
He went so far as to boast that, “We [at Quantum] must have been the biggest single factor in the market…”
And so, on the morning of October 26, 1992, a front-page headline in The Times proclaimed that Soros was “The Man Who Broke the Bank of England.”
In the months ahead, The Times would take the lead in promoting the Soros legend.
In a January 15, 1995 article in The New Yorker, Connie Bruck recalled the astonishment that swept the financial world at Soros’s public confession. She wrote:
“Soros’s colleagues in the financial community—including some of Quantum’s directors and shareholders—were stunned at his public revelations; to this day, many express bewilderment at his action. One person in the hedge-fund community said to me, `Why bring light to this subject? Why bring attention to yourself?’”
These financiers failed to grasp the big picture. They failed to understand that Soros was in a different league, playing a different game.
He was not just a speculator.
He was a psywar operator.
The Man Who Created George Soros
The man chiefly responsible for promoting Soros during this period was Lord William Rees-Mogg, a prominent journalist and member of the House of Lords.
The Financial Times called him “one of the grandest names in British journalism.”
Lord William died in 2012.
He was editor of The Times for 14 years (1967-1981), then vice chairman of the BBC.
He was a friend and confidant of the Royal Family, a close friend and business associate of Lord Jacob Rothschild, and the father of British politician Jacob Rees-Mogg.
More than anyone else, Lord William was responsible for weaponizing George Soros.
Soros, Savior of Britain
When the Daily Mail accused Soros of crashing the pound, The Times stepped in to explain that Soros was a hero, who had actually saved British sovereignty.
In a front-page story of October 26, 1992, The Times explained that Soros had possibly saved the country from economic collapse and enslavement to the EU.
The devaluation of the pound had forced Britain to withdraw from the European Exchange Rate Mechanism (ERM), thus halting British plans to join Europe’s monetary union, said The Times.
Lord William Rees-Mogg was particularly outspoken in Soros’s defense.
“Britain had the good fortune to be forced out of the ERM,” Rees-Mogg wrote in his March 1, 1993 column in The Times. “George Soros’s economic policy, for a modest fee, corrected [Prime Minister] John Major’s.”
In subsequent columns, Rees-Mogg grew increasingly rhapsodic in his praise of Soros. He stated that Soros had “rescued” the UK; that Soros was a “benefactor of Britain”; indeed, that a statue of Soros should be “erected in Parliament Square, opposite the Treasury.”
In fact, Rees-Mogg was misleading his readers.
He did not support British sovereignty. Rees-Mogg was a globalist, who believed the nation-state had outlived its usefulness.
Whatever reasons he had for opposing monetary union with Europe, British patriotism was not among them.
Rees-Mogg set forth his globalist beliefs in a series of books co-written with U.S. investment writer James Dale Davidson.
In The Sovereign Individual (1997), the authors prophesied that “Western nations” would soon “crack apart in the manner of the former Soviet Union,” to be replaced by tiny jurisdictions “akin to city-states” which would “emerge from the rubble of nations.”
The authors predicted that, “Some of these new entities, like the Knights Templar and other religious and military orders of the Middle Ages, may control considerable wealth and military power without controlling any fixed territory.”
As in the days of “feudalism,” wrote Rees-Mogg and Davidson, “low-income persons in Western countries” would survive by attaching themselves to “wealthy households as retainers.”
In other words, the lower classes would return to serfdom.
This was all for the best, the authors wrote, as it would allow the “ablest people” — i.e. the “top five percent” — to live where they liked and do as they liked, free from loyalties or obligations to any particular nation or government.
“As the era of the ‘Sovereign Individual’ takes shape,” the authors concluded, “many of the ablest people will cease to think of themselves as party to a nation, as ‘British’ or ‘American’ or ‘Canadian.’ A new ‘transnational’ or ‘extranational’ understanding of the world and a new way of identifying one’s place in it await discovery in the new millennium.”
These are not the words of a patriot.
The New Feudalism
In fact, there was nothing new about the “new way” Rees-Mogg promised in his book.
Descended from an ancient family of landowning gentry, Rees-Mogg knew that globalism had
Article from LewRockwell