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Saturday, October 26, 2013

Billionaire Soros Joins 'Ready for Hillary' Team

Liberal billionaire investor George Soros kicked in $25,000 to Ready for Hillary, the super PAC organizing support for a possible 2016 presidential run by former Secretary of State Hillary Clinton, Politico reported Thursday.

Soros will be co-chair of the group's national finance council, Soros' political director Michael Vachon said in an emailed statement.

"George Soros is delighted to join more than 1 million Americans in supporting Ready for Hillary," Vachon said. "His support for Ready for Hillary is an extension of his long-held belief in the power of grass-roots organizing."

Read More:  http://www.newsmax.com/Newsfront/george-soros-hillary-clinton-pac-president/2013/10/24/id/532952#ixzz2ipGOMr1o
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.