Following The Money

The Daily Caller has some of the best investigative reporting on the internet. Yesterday they posted an article detailing the source of some of the money that paid for the Fusion GPS Christopher Steele document that formed the basis for the investigation of President Trump. I know that people who actually follow the news instead of the mainstream media will not be surprised that the trail eventually leads to George Soros. Before we go into the details of the money, let’s look at some George Soros’ past actions. George Soros made a great deal of money by shorting the British pound.

In February 2019, Investopedia reported:

In Britain, Black Wednesday (Sept.16, 1992) is known as the day that speculators broke the pound. They didn’t actually break it, but they forced the British government to pull it from the European Exchange Rate Mechanism (ERM). Joining the ERM was part of Britain’s effort to help the unification of the European economies.

Compounding the underlying problems inherent in the pound’s inclusion into the ERM was the economic strain of reunification that Germany found itself under, which put pressure on the mark as the core currency for the ERM. The drive for European unification also hit bumps during the passage of the Maastricht Treaty, which was meant to bring about the euro. Speculators began to eye the ERM and wondered how long fixed exchange rates could fight natural market forces.

Spotting the writing on the wall, Britain upped its interest rates to the teens to attract people to the pound, but speculators, George Soros among them, began heavy shorting of the currency.

The British government gave in and withdrew from the ERM as it became clear that it was losing billions trying to buoy its currency artificially. Although it was a bitter pill to swallow, the pound came back stronger because the excess interest and high inflation were forced out of the British economy following the beating. Soros pocketed $1 billion on the deal and cemented his reputation as the premier currency speculator in the world.

The Daily Caller reports on some of his more recent activities during the 2016 campaign:

A dark money group with links to several high-profile liberal activists contributed $2 million to The Democracy Integrity Project, an organization founded by a former Dianne Feinstein staffer that has contracted with Fusion GPS and Christopher Steele to investigate President Donald Trump.

Fund for a Better Future (FBF) donated $2,065,000 to The Democracy Integrity Project (TDIP) in 2017, according to IRS filings reviewed by The Daily Caller News Foundation.

TDIP was founded on Jan. 31, 2017, by Daniel Jones, a consultant who worked for Feinstein, a California Democrat, when she controlled the Senate Intelligence Committee. Jones has disclosed to the FBI that he hired Fusion GPS and Steele, the author of the anti-Trump dossier, to continue an investigation into Russian meddling in the 2016 election.

He also told an associate that TDIP operated as a “shadow media organization helping the government.” Jones suggested to the associate, Adam Waldman, that his TDIP team planted several anti-Trump articles.

Little is known about the donors behind both TDIP and FBF. Both of the organizations are 501(c)(4)s, the type of public advocacy group most closely associated with “dark money” contributions. FBF has contributed to a mix of environmental organizations and politically active groups, including Planned Parenthood Action Fund, Priorities USA — the political group that backs Democrats — and the League of Conservation Voters, a progressive dark money group.

George Soros contributed $1 million to TDIP, a spokesman for the billionaire financier told The New York Times in October. That disclosure came only after TheDCNF reported that Jones told his associate, Waldman, that Soros was one of TDIP’s funders.

…According to a report released by the House Intelligence Committee in April 2018, Jones told the FBI in March 2017 that his group would receive $50 million in funding from seven to 10 wealthy donors from New York and California. TDIP’s tax filings in 2017 show that the group received far less: $9,036,836.

Jones also said that TDIP “planned to share the information he obtained with policymakers … and with the press” and that his group “had secured the services of Steele, his associate [redacted], and Fusion GPS to continue exposing Russian interference in the 2016 U.S. Presidential election.” (RELATED: EXCLUSIVE: Cabal Of Wealthy Donors Funding $50 Million Anti-Trump Project)

Fusion GPS, which was founded by former Wall Street Journal reporter Glenn Simpson, hired Steele in June 2016. Fusion was working at the time for the Clinton campaign and Democratic National Committee to investigate Trump’s links to Russia.

Few details are known about the work Fusion and Steele, a former MI6 officer, have done since the 2016 election. Both have been ensnared in legal fights over publication of the dossier, which remains unverified and has been heavily disputed. But there is some evidence they have continued their efforts to bolster the dossier and to plant negative stories in the press about Trump.

In a March 17, 2017, exchange obtained by TheDCNF, Jones sent Waldman, a lawyer with ties to Steele, a text message with a link to a Reuters article about Russian investments in Trump Organization properties in Florida.

“Our team helped with this,” Jones wrote Waldman.

This is a major part of the swamp that needs to be drained. George Soros is an American citizen, but he has been working against the best interests of America for a long time. He is in favor of open borders and one-world government. His money has paid for a lot of the negative reporting you have heard about President Trump.

The ACLU Gets It Right

John Hinderaker at Power Line posted an article yesterday about Congressional Democrat’s attempt to repeal the First Amendment. Part of this attempt would insure that incumbent politicians would be able to stay in office indefinitely–opponents would be prevented from raising the amount of money necessary to achieve the name recognition needed to be viable candidates. A hearing on the bill was held yesterday.

The article lists some of the details of the law, which is sponsored by Tom Udall:

Congress shall have power to regulate the raising and spending of money and in-kind equivalents with respect to Federal elections, including through setting limits on—

(1) the amount of contributions to candidates for nomination for election to, or for election to, Federal office; and

(2) the amount of funds that may be spent by, in support of, or in opposition to such candidates. …

Nothing in this article shall be construed to grant Congress the power to abridge the freedom of the press.

States would also be given similar powers.

Here are a few quotes from the ACLU‘s letter to Congress opposing the bill:

To give just a few hypotheticals of what would be possible in a world where the Udall proposal is the 28th Amendment:

    • Congress would be allowed to restrict the publication of Secretary Hillary Clinton’s forthcoming memoir “Hard Choices” were she to run for office;

    • Congress could criminalize a blog on the Huffington Post by Gene Karpinski, president of the League of Conservation Voters, that accuses Sen. Marco Rubio (R-FL) of being a “climate change denier”;

    • Congress could regulate this website by reform group Public Citizen, which urges voters to contact their members of Congress in support of a constitutional amendment addressing Citizens United and the recent McCutcheon case, under the theory that it is, in effect, a sham issue communication in favor of the Democratic Party;

    • A state election agency, run by a corrupt patronage appointee, could use state law to limit speech by anti-corruption groups supporting reform;

    • A local sheriff running for reelection and facing vociferous public criticism for draconian immigration policies and prisoner abuse could use state campaign finance laws to harass and prosecute his own detractors;

    • A district attorney running for reelection could selectively prosecute political opponents using state campaign finance restrictions; and

    • Congress could pass a law regulating this letter for noting that all 41 sponsors of this amendment, which the ACLU opposes, are Democrats (or independents who caucus with Democrats).

Such examples are not only plausible, they are endless.

This proposed law is one example of the reason term limits for politicians would be a really good idea. One of the major effects of this law would be to insure that incumbents would remain in office. It is an unfortunate fact of life that any limit on campaign donations gives an advantage to incumbent office holders–they have access to the press and can stage press events. Candidates running against them have a much more difficult time getting the attention of the press–therefore they are forced to spend money on campaign ads in order to be viable candidates.

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