Occupy Wall Street and Soros’ Fingerprints
By Matthew Vadum
The fingerprints of the preeminent funder of the activist Left today, George Soros, are all over the anti-American “Occupy Wall Street” movement.
The seventh-wealthiest person in America (net worth: $22 billion), Soros has publicly embraced Occupy Wall Street and financially supports a left-wing group that is funneling money to the movement.
As I note in my new book Subversion Inc., this Communist sympathizer co-founded the ultra-secretive Democracy Alliance, a billionaires’ club that wants to radically transform America. He has said that European-style socialism “is exactly what we need now” and favors American decline. Soros, a currency manipulator with an insider trading conviction, praises Red China effusively, saying the totalitarian nation has “a better functioning government than the United States.”
The nonprofit organization that has taken Soros’s money is the Alliance for Global Justice. It is managing donations benefiting the anarchists, socialists, communists, empty-headed Naomi Klein followers, and hippies now occupying Zuccotti Park in lower Manhattan. As of Nov. 2, the Alliance reported $206,000 in donations earmarked for Occupy Wall Street. The Wall Street Journal estimates Occupy Wall Street has taken in a grand total of $500,000 so far but that doesn’t appear to take into account non-monetary donations such as food, power generators, clothing, shoes, camping gear, and sleeping bags.
Alliance for Global Justice is a “fiscal sponsor” which means that it serves as a financial clearinghouse for causes that haven’t incorporated themselves as nonprofit organizations. Donors write a check to the Alliance and are then able to deduct the donations from their income tax. Fiscal sponsors take a percentage of donations as administrative fees and then pass on the rest to the cause favored by the donor.
Alliance for Global Justice has accepted grants from Soros’s charity, the Open Society Institute ($100,000 since 2004) and from the radical Tides Foundation ($60,000 since 2004) which allows high-profile donors to give secretly to radical causes.
A hotbed of anti-American activity, the Alliance takes money from the most extreme left-wing philanthropies operating in America today. The Alliance has accepted grants from the (pro-Fidel Castro) Arca Foundation ($185,000 since 2001), General Service Foundation ($165,000 since 2001), and Foundation for Deep Ecology ($30,000 since 2000), a group of environmental fundamentalists who regard human beings as the number one threat to planet earth.
Founded in 1998, the Alliance has a long history of anti-American activism. Headquartered in Washington, D.C., the Alliance and its president Katherine Hoyt are longtime supporters of the Sandinista (Communist) movement in Nicaragua and the Zapatistas, a Marxist-Leninist guerrilla movement in Mexico.
The Alliance also provides funds for the antiwar group World Can’t Wait (a spinoff of the Revolutionary Communist Party), and Courage to Resist, which encourages U.S. soldiers to desert and supports accused traitor Bradley Manning of WikiLeaks infamy. The Alliance has funded anti-Israel groups including Israeli Anarchists Against the War and Bil’in Center for Joint Struggle.
Soros money provided to the Tides network of philanthropies may also have found its way to Occupy Wall Street.
