Democratic Financier George Soros Invested In Firearm Companies While Backing Gun Control Groups

[rangerrebew]

Democratic Financier George Soros Invested In Firearm Companies While Backing Gun Control Groups
Published: January 31, 2016
 

Source: IB Times

 

Advocates for divesting from the firearms industry got a boost from Wall Street titan George Soros last week. The billionaire investor is in a strong position to make such a call: He's one of the leading financiers of the gun control movement, and the fund he leads recently owned a piece of the firearms industry.

On Thursday, at the World Economic Forum in Davos, Switzerland, Soros expressed interest in the divestment idea. Asked by International Business Times if investors who support gun control should sell their holdings in firearms companies, Soros responded: "I’m very much against guns. And if it can be organized on a large enough scale, I wouldn’t be opposed to it."

Securities and Exchange Commission filings reviewed by IBT show Soros Fund Management as a top institutional shareholder in Vista Outdoors — considered the country’s top ammunition manufacturer — and Olin Corp., which makes ammo under the Winchester name. Soros Fund Management purchased a stake in Vista in early 2015 and possessed $11.4 million worth of shares in the company at the end of September, the most recent time the firm reported its holdings. Soros’ firm appears to have bought $5.2 million worth of Olin shares between July and September.

He is not alone among Democratic Party supporters in investing in the firearms industry. Many of the biggest Wall Street donors to President Barack Obama and Hillary Clinton — who have both called for stricter gun regulations — are among the largest institutional investors in guns and ammunition manufacturers. While the American Federation of Teachers, a key part of the Democratic electoral coalition, has backed gun control proposals, some of the pension savings of its members may be invested in the firearms industry. For example, the California State Teachers' Retirement System — which has divested from assault weapons manufacturers — owned $7 million worth of shares in Vista and Olin as of September.

Soros, a billionaire, has been a significant supporter of gun control. In 1998, he funded, through his foundation, an ultimately unsuccessful lawsuit against gun manufacturers with the claim that negligent marketing had contributed to illegal weapons trafficking. His 2004 book slammed then-President George W. Bush’s anti-gun-control positions. And over the years, Soros has given millions to organizations that have called for new restrictions on guns, including $50,000 to the Brady Center to Prevent Gun Violence; $7.3 million to the Center for American Progress, a Democratic think tank that has published many reports arguing for gun control; and $2 million to a super PAC supporting Hillary Clinton’s White House bid, during which she has stressed the need to reform gun laws.
 
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[flowers]

bkmk

[ABX]

Soros plays the bigger, longer game. He isn't tied to the Democratic Party any more than he is tied to the US. He'll do anything or tie himself to anything if he can manipulate it for the long game.  He is smart enough to understand that he can make a fortune if Americans rebel against gun control measures and increasing that fortune or control is more important to him than short term gun control policies. His goal is a unified world financial system and he is a true believer (c) in a single world government (not going into the Conspiracy theory stuff, he really does call for it). He is smart Example:

"I think we've all become aware of the fact that our cultures and economics are intertwined. It's a complex mosaic that cannot be approached with a simple formula for the correct pattern to emerge. In many ways, we are in unchartered waters. The good news, in one respect, is that what is done affects us all. There won't be any winners or losers as this is not a competition. It's a time for working together for the best of all involved. Never before has the phrase "we're all in this together" had more resonance or relevance.My concern is that the negligence of a few will adversely affect the majority. I've long been a believer in the "look at the solution, not the problem" theory. In this case, the solution is clear. We will have to leave borders behind and go for global unity when it comes to financial stability...."

[katzenjammer]

Yup, no "conspiracy theories" needed, he and others have been quite open about the plans.

[alicewonders]

Soros plays the bigger, longer game. He isn't tied to the Democratic Party any more than he is tied to the US. He'll do anything or tie himself to anything if he can manipulate it for the long game.  He is smart enough to understand that he can make a fortune if Americans rebel against gun control measures and increasing that fortune or control is more important to him than short term gun control policies. His goal is a unified world financial system and he is a true believer (c) in a single world government (not going into the Conspiracy theory stuff, he really does call for it). He is smart Example:

Yep.  Same thing with him investing in coal companies now that Obama & Co have destroyed them.  Why would someone like him want to do that if coal usage was going to be stopped here?