Soros Fund Management, the principal asset manager of billionaire currency speculator George Soros’ Open Society Foundations, is poised to rescue floundering news outlet Vice Media from bankruptcy, the Wall Street Journal reported on Friday, citing people familiar with the deal. 

Alongside hedge fund Fortress Investment Group, Soros’ company is reportedly in talks to purchase Vice for $400 million in a deal that would wipe out the stakes of other investors, including private equity firm TPG Group and News Corp scion James Murdoch. 

Insider sources told the WSJ that Fortress would keep Vice’s current management in place while finding a role for co-founder Shane Smith, who is currently executive chairman of Vice Media.  

The punk magazine turned woke establishment darling is planning a bankruptcy sale as early as next week, the sources claimed, with other buyout offers deemed distinctly unlikely.  

It’s a sharp change from just two months ago, when Vice was fielding multiple $400 million bids from prospective buyers, including media collectives Group Black and GoDigital. However, Vice’s lenders disapproved of the terms, which would have left them still holding some debt.

Soros and Fortress were part of a consortium that invested $250 million in Vice in 2019, a capital infusion aimed at turning around the company’s fortunes as it began to falter after being valued at a whopping $5.7 billion in 2017. Subsequent strategic shifts apparently didn’t solve its problems, however, and the New York Times reports that Vice is now worth “a tiny fraction of that.”  

The news of Vice’s looming takeover comes just days after the outlet announced it would be closing its Vice World News arm, which sent reporters to parts of the world not usually covered by the Western media establishment. The company’s CEO and president of news and entertainment both left earlier this year. 

Vice is far from alone in its financial difficulties. BuzzFeed announced the closure of its news division last month, while Vox Media laid off 7% of its staff in January. Even the tech giants that once gobbled up digital media’s advertising dollars are downsizing, with Alphabet, Microsoft, Meta, and Amazon jettisoning tens of thousands of employees in the last six months. 

While Soros is infamous in conservative circles for exercising his political influence by pouring millions of dollars into NGOs and activist groups, his foundations rarely take an active role in news organizations themselves, instead appointing influential journalists or editors to serve on boards or advisory committees and funding fact-checking organizations and journalistic “integrity” nonprofits.

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https://www.rt.com/news/575860-soros-investor-vice-bankruptcy-deal/

VICE IS A DISINFORMATION CHANNEL THAT STARTED AS AN ALTERNATIVE VIEWPOINT, BUT SOON JOINED THE AMERICAN EMPIRE PROPAGANDA NETWORK. IT'S THE USUAL TRICK OF CATCHING THE HIP CROWDS (BLACK SHEEP) AND SLOWLY BRINGING THEM TO BELIEVE IN THE GOODNESS OF THE EMPIRE. NOTE THAT SOROS WOULD HAVE TO OWN VICE AS A COMPANY BASED OUTSIDE THE USA, BECAUSE WE BELIEVE SOROS DOES NOT WANT TO OWN ANYTHING IN THE US, DESPITE "CONTROLLING" THROUGH HIS "HONEST JOURNALISM" MANY AMERICAN NEWS OUTLETS. WE SHALL SEE.....

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Western regime change efforts have intensified ahead of upcoming elections in Thailand. Opposition groups attempting to take power and remove Thailand’s powerful, independent military from Thai politics have received extensive, well-documented funding and political support from Washington, London, Brussels, and Western corporate foundations, including the most notorious of all – George Soros’ Open Society Foundation (OSF).

One such front – Human Rights Watch (HRW) – has recently released a report condemning upcoming elections as undermining the “right to vote.”

To understand Soros-funded propaganda published by HRW, one must first understand why Thailand has been targeted for regime change in the first place.

Why Thailand?

The Southeast Asian Kingdom of Thailand serves as a pivotal regional hub economically and geopolitically. It has the second largest economy in ASEAN and remains the only Southeast Asian state to have avoided Western colonization.

While some analysts still cling to Cold War-era stereotypes regarding Thailand’s role in the US-led war against Vietnam, the country has since dramatically pivoted away from Washington.

Thailand’s military in particular has begun replacing its aging American weapons with Chinese, Russian, and European weapons. This includes everything from small arms to Russian Mi-17 transport helicopters, European warplanes, Chinese main battle tanks and armored personnel carriers (APCs), and even Chinese-built ships and submarines.

Thailand has also become a key partner in China’s One Belt, One Road (OBOR) initiative. High-speed rail lines are already under construction with proposals for the construction of more lines entering final negotiations.

While Thailand – by necessity – still maintains ties with the West, and Western allies like Japan – it is clear that it has balanced out these ties – with the momentum of Thai foreign policy tilting decisively in favor of Eurasia at Washington’s expense.

For all of these reasons and more, the US has been involved in long-term regime change efforts in Thailand, starting at least as early as 2001 with billionaire and former Carlyle Group adviser Thaksin Shinawatra’s ascent into political power.

By 2001 it was already clear that China’s rise regionally and globally was imminent and that the process of encircling and containing Beijing had become a priority for US foreign policy. Placing proxies like Thaksin Shinawatra into power in Thailand was aimed at creating a unified front of US client states along China’s peripheries.

Soros in Thailand 

Geopolitical analyst Jean Perier’s article, “After Bleeding Thailand Dry, Soros is Going in for the Kill,” provides a detailed history of the 1997 Southeast Asian financial crisis and the role Soros’ financial speculation played in – first precipitating it – then exploiting it. The crisis also created a vector for Western political subversion.

Shinawatra’s rise to power in the wake of the financial disaster was meant to rebuild Thailand according to Washington’s designs. Shinawatra quickly consolidated political power, attempting to built a one-party state under his and his Western sponsors’ control.

He also took multiple steps toward transforming Thailand into a US client state – including committing Thai troops to the illegal US invasion of Iraq in 2003, inviting the US CIA to use Thai territory as part of its global “rendition program,” the privatization of Thailand’s national oil and gas conglomerate PTT, and an attempt to pass an unpopular US-Thai free trade agreement without parliamentary approval.

He also indulged deeply in a myriad of human rights abuses and abuses of power, which eventually provided Thailand’s institutions with a pretext to finally remove him from power through a military coup in 2006.

While Shinawatra’s supporters – including the Western media – claim charges of corruption against him were politically motivated, Wikileaks in a published US diplomatic cable would reveal the US Embassy itself as impressed at the scale of Shinawatra’s corruption – especially in regards to his changing of foreign ownership laws on the same day of his tax-free selling of stocks in his company to Singaporean investors.

Despite the embassy’s admissions of Shinawatra’s corruption, they still supported him and even noted that the move would make it more likely foreign ownership laws could be further liberalized, claiming:

The fact that the deal was structured to get around Thailand’s restrictions on foreign investment nevertheless raises serious questions about the investment climate in Thailand, and shows the limits of liberalization to date. The outcome to hope for going forward is that any domestic political debate about policy issues such as foreign ownership of telecom assets may put to rest some of the Thais fears of market liberalization, and by extension a Free Trade Agreement with the United States.

Since then, Shinawatra has been tried and convicted of corruption and sentenced to 2 years in prison – a sentence he has since evaded as a fugitive hiding abroad.

Shinawatra has tried to return to power through various proxy regimes run openly by family members including his brother-in-law Somchai Wongsawat who briefly served as prime minister in 2008 before being removed by Thailand’s courts, and Shinawatra’s sister – Yingluck Shinawatra – who served as prime minister from 2011-2014 until a second military coup removed her from power.

Soros and Company Seek Thaksin Shinawatra’s Return  

Considering Shinawatra’s utility as a US proxy and his enthusiastic attempt from 2001-2006 to transform Thailand into a fully integrated US client state – it is obvious why the US and its European and corporate partners seek to return him and his associates to power.

It has, however, become an increasingly uphill battle. While still able to swindle elections through overt vote-buying upcountry and his regular use of organized terrorism, Shinawatra himself through his serial political failures and upon asset seizures by Thai courts – has gone from the 4th richest in Thailand to 19th. Impressive popular anti-Shinawatra protests in 2014 marked unprecedented, nationwide opposition to his return to power – a sentiment that will only likely to have grown since.

But even if he is unable to take power – his ability to still divide and set Thailand back – including through additional violence – likewise serves Washington and Wall Street’s purpose of denying nations like China a viable partner.

Since Shinawatra’s ousting in 2006 – he and an army of political opposition parties, supposed “rights” groups, student “activists,” and media fronts have been openly backed by Washington, London, and Brussels through direct political support and lobbying, and through US-UK-European-funded NGOs (nongovernmental organizations) – with virtually all of them at least partially funded by George Soros’ Open Society Foundation.

Fronts regularly cited by the Western media ahead of Thai elections funded by either Soros’ Open Society or the US National Endowment for Democracy (NED) or both include media fronts Prachatai, Isaan Record, and BenarNews.

Dubious “human rights” fronts include Thai Lawyers for Human Rights (TLHR) which both openly defends agitators protesting Thailand’s current government, as well as leads protests.

Other “human rights” fronts include Human Rights Watch and Amnesty International’s Thai branches, as well as the Thai Netizen Network, iLaw, and Fortify Rights (2017 annual report, PDF).

Future Forward: Shinawatra and Soros 

There are also entire political parties operating on behalf of Thaksin Shinawatra such as Future Forward which include US and Soros-funded “activists” as “co-founders.”

Future Forward’s founder, nepotist billionaire Thanathorn Jungrungreangkit, admitted to having supported Thaksin Shinawatra’s political party in the past, as well as attending his ultra-violent “red shirt” street mobs.

His co-founder, Piyabutr Saengkanokkul, previously served as a lobbyist for Thaksin Shinawatra, holding “red shirt” rallies at Thammasat University with Shinawatra’s paid lobbyist Robert Amsterdam attending several events.

Future Forward’s other co-founders include Nalutporn Krairiksh – concurrently working for US NED and Soros-funded media front Prachatai. Chamnan Chanruang – also a Future Forward co-founder – was previously “chairperson” of Soros-funded Amnesty International, according to his own biography on Future Forward’s website.

Rangsiman Rome has also joined the ranks of Future Forward. Rome was co-founder of the “Democracy Restoration Group” and regularly organized protests with US NED and Soros-funded TLHR member Anon Nampa, as well as Nuttaa ‘Bow’ Mahattana who was literally caught in bed with a senior member of Thaksin Shinawatra’s Pheu Thai Party.

Future Forward also includes former Shinawatra loyalists including ex-army general Pongskorn Rodchompoo – who was promoted during the Yingluck Shinawatra administration in a bid to gain leverage within the military.

The Bangkok Post in a 2015 article titled, “NSC deputy chief shunted to PM’s Office,” would report:

Lt Gen Pongsakorn was appointed to the NSC by then-prime minister Yingluck Shinawatra, moving from the Supreme Command, two years ago.

He followed the same route as Paradorn Pattanatabut, who was earlier removed from the NSC secretary general’s job by Gen Prayut to a similar position as adviser to the prime minister.

Pongsakorn Rodchompoo – a former Thai general – entering the ranks of Future Forward as “deputy leader” is particularly ironic considering Future Forward’s supposed opposition to military influence in Thai politics.

Future Forward’s Pannika Wanich previously worked for Voice TV – a media channel “owned” by Thaksin Shinawatra’s son, Panthongtae Shinawatra.

And Future Forward itself is ceaselessly promoted by the myriad of US NED and Soros-funded fronts operating in Thailand and abroad as well as by the Western media. The Foreign Correspondents’ Club of Thailand (FCCT) – a conglomeration of the largest Western media organizations operating in Thailand – organized an event featuring various candidates including Future Forward’s leader, Thanathorn J.

While other candidates were invited, Thanathorn J. was singled out and promoted, particularly by the BBC’s Jonathan Head who fielded softball questions that even when fumbled by Thanathorn J., were in no way challenged or followed up. It is a pattern that is reflected throughout the entirety of not only the BBC’s coverage of Thailand’s upcoming elections, but across the entirety of the Western media.

Regime Change 

Future Forward is only one of several proxy parties being promoted by the West as vectors of returning Thaksin Shinawatra – and the interests he represents – back into power.

But Future Forward’s internal and external factors fully illustrate how the US government through the National Endowment for Democracy and private financiers like George Soros and his Open Society Foundation are not only interfering in Thailand’s internal political affairs and upcoming elections – they are collectively creating and attempting to install into power an entire political party.

Understanding the full geopolitical context Thailand’s elections are unfolding within, it is possible to return to Human Rights Watch’s recent report on Thailand’s elections titled, “Thailand: Structural Flaws Subvert Election.”

In it, only a single mention is made of Thaksin Shinawatra. His current role in running multiple parties to return himself to power is entirely omitted. The fact that HRW and the Thai opposition it is supporting are both funded by Soros via Open Society is also conveniently omitted.

HRW’s accusations of Thailand’s military “subverting elections” is akin to accusing police arresting a convicted murderer of “kidnapping” by never mentioning the “kidnapped” is a convicted murderer.

In the same sense, HRW is citing allegedly repressive measures amid Thai elections without mentioning those targeted by such measures are working for Thaksin Shinawatra – a convicted criminal and fugitive – and his foreign sponsors. His participation in elections is both illegal and undemocratic, a fact unmentioned by HRW and the army of foreign-funded agitators it serves in the ranks of.

It is only through dishonest but deliberate omissions of these facts that the West is able to meddle in yet another election abroad and attempt to once again topple a government impeding its own self-serving agenda in a nation thousands of miles for its own shores.

Whether Western-backed regime change is successful or not – Thailand’s political crisis will likely continue – including another round of protests and counter-protests, deadly “color revolution-style” violence, and possibly another intervention by Thailand’s courts or military. Either way, it will at the very least impede Thailand’s continued pivot from West to East and divert resources away from the nation’s future development.

Tony Cartalucci, Bangkok-based geopolitical researcher and writer, especially for the online magazine “New Eastern Outlook”.

READ MORE:

https://journal-neo.org/2019/03/20/us-and-soros-take-stab-at-thai-elections/

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