George Soros bets against America; Billionaire attacks capitalism, makes billions on global recession

Posted: November 02, 20099:12 am Eastern

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Editor's Note: The following report is excerpted from Jerome Corsi's Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. This week, he is including an excerpt from his book, "America for Sale." Red Alert subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of "The Late Great USA," a book about the careful deceptions of a powerful elite who want to undermine our nation's sovereignty.

Billionaire hedge-fund financier George Soros has decided to spend $50 million to fund a new institute designed to undermine the free-enterprise system, Jerome Corsi's Red Alert reports.

The Soros-funded "Institute for New Economic Thinking" is designed to make research grants and fund symposiums on the need for central government control of the economy, advancing an argument from the political Left that the private economy is in need of the re-regulation to prevent the occurrence of another global economic recession.