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Paul R. Hollrah, O.E.

Obama-Soros Hyperinflation
July 8, 2009

While economists tell us that there is no precise numerical definition of hyperinflation, it is often defined as a period when the monthly inflation rate is greater than 50 percent. At a monthly inflation rate of 50 percent, an item that sold for $1 on January 1, 2009 would cost nearly $130 on January 1, 2010.

 

During the early 1920s, the monthly inflation rate reached 3.25 million percent in Germany, 275 percent in Poland, 213 percent in Russia, 134 percent in Austria, and 98 percent in Hungary. But the worst inflation on record was found in the years following World War II when the monthly inflation rate reached 4.19 quintillion percent in Hungary and 8.55 billion percent in Greece.

 

It was in this volatile economic arena, when the Hungarian government maintained two separate currencies, that a young man named György Schwartz learned how to trade currencies and acquire properties, making money by exploiting other people’s misfortunes.

 

Schwartz was born in Budapest on August 12, 1930. He was just thirteen years old when the Nazis invaded Hungary on March 19, 1944 and began the extermination of Jews. Schwartz went undetected by posing as the godson of a non-Jewish government official and by working for the Nazis, delivering deportation orders to Jewish lawyers. A year later, in 1945, Russian forces drove the Nazis out of Budapest and Hungary came under Soviet domination. They arrived just in time to see the Hungarian hyperinflation rate reach 50% per month, and just four months later the inflation rate reached several hundred percent per month.

 

Schwartz eventually defected to England where he enrolled at the prestigious London School of Economics. He graduated in 1952 and in 1956 he moved to the United States. But by that time the young man was no longer known as György Schwartz. When the Schwartz family became concerned about Nazi anti-Semitism during the mid-1930s they changed their surname from Schwartz to something more ethnically Hungarian.

 

The young man who helped the Nazis deport Hungarian Jews in 1944-45, and who learned how to make money trading currencies and acquiring distressed properties during the Hungarian hyperinflation, is none other than Barack Obama’s principal financial backer, the man who gave the Democrats $23.6 million in 2003-04 to defeat George W. Bush, the man who has totally subverted the American left and purchased the soul of the Democratic Party… George Soros.

 

Executive Intelligence Report (EIR) gives us a brief sketch of what Soros has been up to in more recent times. They report that, “Following the crisis of the European Exchange Rate Mechanism of September 1992, when the Bank of England was forced to abandon efforts to stabilize the pound sterling, a little-known financial figure emerged from the shadows to boast that he had personally made over $1 billion in speculation against the British pound.”

 

That speculator was none other than George Soros, who once helped the Nazis expropriate the property of his wealthy fellow Jews. Is there a man alive who truly believes that George Soros has the best interests of the United States and the American people at heart? This is the man who now pulls Obama’s strings… who whispers behind-the-scenes economic advice into Obama’s ear as he engineers the most dangerous slide toward economic chaos since the Great Depression.

 

So what assurances do we have that the Soros-Obama cabal is not working toward a period of ruinous hyperinflation in the United States… a period of hyperinflation designed to make Soros the wealthiest man on Earth and Obama the most powerful? What assurances do we have that Soros and Obama are not purposely designing economic policies that could quickly turn the United States into just another Third World country, smothered in foreign debt?

 

In Soros we have a man with a history of satisfying his greed by betting against the economic interests of his own country and his own people, while in Obama we have a man who has spent almost his entire adult life learning at the knee of America-haters such as the Communist Frank Marshall Davis; radical activist Saul Alinsky; the anti-Semitic guru of black liberation theology, Rev. Jeremiah Wright; the unrepentant 1960s terrorists William Ayers and Bernadine Dohrn, and numerous other Marxist college professors, America-haters, and assorted homegrown radicals.

 

There is not a single free-market capitalist in Obama’s entire political lineage.

 

Individually, Obama and Soros are dangerous men. But together… given Soros’s wealth, now estimated at over $11 billion, and Obama’s skills as a “snake oil” salesman of the first order… they have the potential to serve as the catalysts for worldwide economic calamity.

When Obama arrived in the Oval Office he found the economy in a shambles… the direct result of the Democratic Party’s decades-long effort to insure its own political invincibility by making home mortgages available to the poorest of the poor through sub-prime loans, backed by the taxpayer-supported largesse of Fannie Mae and Freddie Mac.

 

Confronted with these problems, Obama had two alternatives. He could restore economic health by instituting austerity in spending and by following the tried and proven fiscal policies of the Kennedy and Reagan administrations. Or he could copy the failed tax-and-spend policies of the Roosevelt and Johnson administrations. He could cut taxes and reduce government spending, or he could try to reverse the economic downturn by spending our way to prosperity on borrowed money. He chose the latter path, a path that only a fool or a subversive would take.

 

Fortunately for Obama, there was a gift horse roaming the pasture that made his decision an easy one. George W. Bush and the Republican Congress had just spent eight years proving that they could spend money as foolishly and as recklessly as Democrats.

 

With George W. Bush in the White House, Trent Lott and Bill Frist running the Senate, and the House of Representatives run by the likes of Dennis Hastert and Tom Delay, it was as if we’d suddenly been transported to the Land of Oz. They were the Scarecrow, the Tin Man, and the Cowardly Lion of American politics. They had turned the party of Goldwater and Reagan into something unrecognizable that no conservative and no Republican could easily defend.

 

Obama and Soros were free to have their way with us. They could do anything they wanted and get away with it because, if anything went wrong, they always had a convenient bogey-man waiting in the wings. They could blame it all on George Bush and the Republican Congress, and who could prove them wrong?

 

Since the day he entered the Oval Office, Barack Obama’s every action has been designed to prevent economic recovery; to increase joblessness here at home while exporting high-paying jobs overseas; to discourage energy production at home while increasing our reliance on foreign oil; to allow rogue states such as Iran and North Korea to build nuclear power plants while banning them here at home; to discourage capital formation and investment; to expropriate private business and turn ownership over to the labor bosses; to increase deficit spending to unprecedented levels; to increase our borrowing from the Chinese, inflating the U.S. Dollar; and to grow the size and scope of government at the expense of the private sector.

 

Every move Obama has made and every initiative he has proposed have all been in exactly the wrong direction. If there was ever a doubt that Obama has dreamed of the day when he could bring the most powerful nation in the world to its knees, we need only study the major provisions of the radical wealth-destroying, job-killing, “cap and trade” legislation that Democrats rammed through the U.S. House of Representatives on Friday, June 26, 2009.

 

Obama is a slick operator. He has a way of inoculating himself from criticism by building a fence of words around himself. In announcing a massive new spending program or a new set of government regulations, he’ll glance at one teleprompter, and say, “Some critics have said we’ve gone too far.” Then, turning to the other teleprompter, he’ll say, “But on the other hand, some say we haven’t gone far enough.” It is his way of making himself appear moderate while introducing more and more left wing radicalism into our economy and into our society.

 

If we think back to the 1930s and ‘40s, two of the cruelest, most bloodthirsty regimes in recorded history conquered most of Europe and Asia. But salvation was always just around the corner in the form of American ships, planes, tanks, and guns, manned by brave young Americans willing to risk their lives so that the people of those countries could live free.

But that was then, this is now. Barack Obama gives every indication that he is as much of a national socialist as were the leaders of Nazi Germany. If he is allowed to realize his plans for America, who will come ashore here with ships, planes, tanks, and guns to liberate us from Obama and his brown-shirted legions? England? France? Germany? Israel? Japan? South Korea? No, we can count on none of them. Our immediate and long term salvation is up to us.

 

We can begin by seeing to it that the centerpieces of Obama’s fascist plot… cap-and-trade energy tax increases and job-killing environmental regulations, coupled with Canadian and European-style healthcare reform… never get to his desk for his signature. If we fail in that, we may just see a round of Obama-Soros hyperinflation that will destroy this once-great country.

 

Better yet, we can force Obama to produce his birth certificate, his passports and visas, and his college records. And once we’re convinced that he is not a natural born U.S. citizen, ineligible to serve as President of the United States, we can tar and feather him and ride him out of town on a rail.


About Paul R. Hollrah, O.E.
Paul R. Hollrah is a freelance writer. He is a member of the Civil Engineering Academy of Distinguished Alumni at the University of Missouri - Columbia and a Senior Fellow at the Lincoln Heritage Institute. He currently resides in Tulsa, Oklahoma.