Why George Soros’ Philanthropy Has Become A Target Of The Extreme Right-Wing

Over the course of the last several years, George Soros has made the second biggest transfer of personal wealth to a philanthropy in history. He has provided $18 billion of his fortune to his nonprofit called Open Societies Foundation. According to extreme right-wing conspiracy theorists, though, he is somehow using this money to fund every liberal movement that exists. He has been cited as the source of funding for both the Antifa movement and Black Lives Matter, for example, despite no evidence showing this to be the case.

Open Societies Foundation is a charity that George Soros founded in order to support human rights and democracy around the world. His money is used by the foundation to have people work on fair and democratic elections, for example. It is also used to make sure everyone’s rights are protected regardless of race, age, sex, or sexual orientation. Since the election of Trump as president, George Soros’ nonprofit has increasingly worked to make sure the rights of people in America are respected by those in positions of authority, such as the rights of immigrants.

As George Soros is one of the top providers of money to Democratic candidates he comes under fire from Republicans. They think that billionaires should only be giving money to them, apparently, and so they become completely irrational when George Soros’ name is brought up. This primarily started during the presidential election 0f 2002 when incumbent president Gorge Bush was running against John Kerry. For a host of reasons, but especially the Iraq and Afghanistan wars, Soros had said that he’d be perfectly happy to give away his entire fortune if it resulted in Bush losing.

Once people learned that George Soros had given his foundation $18 billion his opponents, such as Breitbart, said that his foundation was the new “Death Star”. The partisan divide is enormous in the United States presently and both sides tend to paint the other sides financial donors as evil. However, George Soros’ philanthropy is to help others while those billionaires that support Republicans, such as Robert Mercer and the Koch brothers, just want to benefit their own interests by and large.

Back in 1997, George Soros wrote an article for The Atlantic called “The Capitalist Threat”. The article was a treatise about capitalism and how many people would say, “Let the free market decide!” regardless of the issue. He pointed out that this attitude was actually against the values and principals of what democratic and open societies rely upon. In the article he also talks about “open societies” vs. “closed societies. An open society, he wrote tolerates everyone’s opinions and human rights are respected. A closed society, on the other hand, dismisses the rights of its citizens and others and is run in a totalitarian fashion.

In the last 30 years, George Soros’s foundation has provided around $14 billion to various causes across the globe. This money has been used for everything from funding college scholarships in Africa to giving anti-communists copying machines so they could spread their word.

About George Soros: www.newsweek.com/tax-cuts-billionaires-republicans-congress-709339

Sahm Adrangi on Short Selling

Sahm first made his way up in the year 2011 and 2012. He became the strong force he is today gradually by early exposing Chinese companies which were fraudulent. The companies included China-Biotics, China Marina food group, and Lihua International. The Yale graduate currently runs Kerrisdale Capital. Kerrisdale Specializes on researching and publishing the research of various companies and industries. In recent years, Sahm has chosen to focus the research on a particular sector that is the biotechnology industry. The analysis of multiple businesses published included companies like Sage Therapeutics, Zafgen Unilife, Bavarian Nordic, and Pulse Biosciences among others.

Kerrisdale Capital currently partners with Hedge Fund. The co-investment on the outer scale looks unique and one of its kind. Mainly because while money obtained at the Hedge Fund sometimes is focused on specific investment theses like covering distressed energy firms or mortgage-backed securities that are residential, Kerrisdale focuses on shorting the stock. In current events, Kerrisdale Capital Management raised roughly $100 million from betting against one stock from investors. Sahm recapped that a significant amount of capital made in a short span of time achieved agendas of both parties. Adrangi estimates the value of Kerrisdale Corporation as 10 billion currently and targets to bring an understanding of the insights the company upholds to the investors.

The focus at the moment lay on putting up a website, a video and working on a report that is convincing in regards to Sahm Adrangi’s and his analyst Shane Wilson’s thesis. The target company remains anonymous. Mr. Adrangi previous worked for the multi-billion-dollar Longacre Management, also the distressed debt hedge fund. His career in finance began at Deutsche Bank as a loan leverage and debt financer. He was also involved in advising committees of creditors in bankruptcy and even restructuring the state of affairs out- of –court at Chanin Capital Partners. Sahm has attained the honors of gracing several major investment conferences as the speaker including the Distressed Debt Investing Conference and the grand Value investing conference. He has also been on mainstream media interviews including CNBC and Bloomberg. The New York Times and Business weekly among other major publications have also featured Sahm and Kerrisdale Capital.

Learn More: www.benzinga.com/topic/sahm-adrangi