Company name	N M Rothschild & Sons
Company logo
Company type	Private
Foundation	London, England, UK (1811)
Founder	Nathan Mayer Rothschild
Location	London, England, UK
Key people	Baron David de Rothschild, Chairman
Industry	Financial services
Products	Investment bankingCorporate bankingPrivate equityAsset managementPrivate banking
Num employees	approx 3,000 (2011)
Operating income	£468.3 million (31 March 2010)
Net income	£136.2 million (31 March 2010)
Assets	£3,231.2 million (31 March 2010)
Homepage	www.rothschild.com
Footnotes	}}

N M Rothschild & Sons (more commonly known simply as Rothschild) is a private investment banking company, belonging to the Rothschild family. It was founded in the City of London in 1811 and is now a global firm with 50 offices around the world.

History

In the late 18th century and early 19th century, Mayer Amschel Rothschild rose to become one of Europe's most powerful bankers in the principality of Hesse-Kassel (Hesse-Cassel) in the Holy Roman Empire. In pursuit of expansion, he appointed his sons to start banking operations in the various capitals of Europe, including sending his third son, Nathan Mayer Rothschild, to England. Nathan Mayer Rothschild first settled in Manchester, where he established a business in finance and textile trading. He later moved to London, where he founded N M Rothschild & Sons in 1811, through which he made a fortune with his involvement in the government bonds market.

According to notable historian and professor at Harvard University Niall Ferguson, "For most of the nineteenth century, N M Rothschild was part of the biggest bank in the world which dominated the international bond market. For a contemporary equivalent, one has to imagine a merger between Merrill Lynch, Morgan Stanley, J P Morgan and probably Goldman Sachs too — as well, perhaps, as the International Monetary Fund, given the nineteen-century Rothschild's role in stabilising the finances of numerous governments."

Early 19th century

During the early part of the 19th century, the Rothschild London bank took a leading part in managing and financing the subsidies that the British government transferred to its allies during the Napoleonic Wars. Through the creation of a network of agents, couriers and shippers, the bank was able to provide funds to the armies of the Duke of Wellington in Portugal and Spain. In 1818 the Rothschild bank arranged a £5 million loan to the Prussian government and the issuing of bonds for government loans. The providing of other innovative and complex financing for government projects formed a mainstay of the bank's business for the better part of the century. N M Rothschild & Sons' financial strength in the City of London became such that by 1825, the bank was able to supply enough coin to the Bank of England to enable it to avert a liquidity crisis. Like most firms with global operations in the 19th century, Rothschild had links to slavery, even though the firm was instrumental in abolishing it by providing a £15m gilt issue necessary to pass the Slavery Abolition Act of 1833.

Late 19th century

Nathan Mayer's eldest son, Lionel de Rothschild (1808–1879) succeeded him as head of the London branch. Under Lionel the bank financed the British government's 1875 purchase of a controlling interest in the Suez Canal. Lionel also began to invest in railways as his uncle James had been doing in France. In 1869, Lionel's son, Alfred de Rothschild (1842–1918), became a director of the Bank of England, a post he held for 20 years. Alfred was one of those who represented the British Government at the 1892 International Monetary Conference in Brussels.

The Rothschild bank funded Cecil Rhodes in the development of the British South Africa Company and Leopold de Rothschild (1845–1917) administered Rhodes's estate after his death in 1902 and helped to set up the Rhodes Scholarship scheme at Oxford University. In 1873 de Rothschild Frères in France and N M Rothschild & Sons of London joined with other investors to acquire the Spanish government's money-losing Rio Tinto copper mines. The new owners restructured the company and turned it into a profitable business. By 1905, the Rothschild interest in Rio Tinto amounted to more than 30 percent. In 1887, the French and English Rothschild banking houses loaned money to, and invested in, the De Beers diamond mines in South Africa, becoming its largest shareholders.

20th and 21st centuries

The First World War marked a change of fortune and emphasis for Rothschild. After the War, the Rothschild banks began a steady transition towards advisory work and finance raising for commercial concerns, including the London Underground. In 1938, the Austrian Rothschilds’ interests were seized by the Nazis, bringing to an end more than a century at the heart of Central European banking. In France and Austria, the family was scattered for the duration of the Second World War. After the war, the British and French banks committed themselves to further developing their new operation in the United States, which was eventually to become Rothschild Inc, and increased focus on mergers and acquisitions and asset management.

In the twentieth century, Rothschild developed into a preeminent global organisation, which enhanced its ability to secure key advisory roles in some of the most important, complex and recognizable mergers and acquisitions. In the 1980s, Rothschild took a leading role in the international phenomenon of privatisation, where the company was involved from the beginning and developed a pioneering role which spread out to over 30 countries worldwide. In recent years, Rothschild advised on nearly 1,000 completed mergers and acquisitions, having a cumulative value in excess of $1 trillion. Next to this, Rothschild also advised on some of the largest and most high-profile corporate restructurings around the world.

Operations

Overview

Rothschild is consistently in the top 10 global investment banks for mergers and acquisitions (M&A;) advisory. According to Thomson Financial data, Rothschild ranked as 6th biggest mergers and acquisitions adviser for completed deals worldwide in 2011. The firm is particularly strong in Europe, especially in the UK, France, Germany, Italy, and the Benelux countries, in each of which Rothschild consistently holds a top league table position. Rothschild's strength also extends to Eastern Europe, Asia, and the Americas Latin America.

The firm competes against a wide range of investment banks, from conglomerates like Goldman Sachs and JPMorgan, to other M&A; specialists like Lazard and Greenhill & Co..

Divisions

Rothschild operates through three divisions:

Global financial advisory

Corporate banking

Private banking and trust

Next to these three main divisions, Rothschild is also active in real estate, venture capital, and asset management.

Corporate structure

In the twentieth century, the London banking house continued under the management of Lionel Nathan de Rothschild (1882–1942) and his brother Anthony Gustav de Rothschild (1887–1961) and then to Sir Evelyn Robert de Rothschild (b.1931). In 1970, the firm converted from a partnership to a limited liability company. In 2003, following Sir Evelyn's retirement as head of N M Rothschild & Sons of London, it merged with Paris Orleans SA under the leadership of the Swiss-based Rothschild Continuation holdings, chaired by Baron David de Rothschild.

The Rothschild group went through a major restructuring the early twenty-first century. N M Rothschild & Sons is now the operating company in the UK. It is indirectly controlled by the main Rothschild holding company, Rothschild Continuation Holdings AG, registered in Zug, Switzerland. 72.5% of Rothschild Continuation Holdings is controlled by the Dutch-registered Concordia BV. Concordia is wholly controlled by the English and French Rothschilds. Until 2008, the only non-family interest was Jardine Matheson, a hong which holds the other 20% of Rothschild Continuation Holdings. The stake was acquired in 2005 from Royal & Sun Alliance through the Jardine Strategic subsidiary, which specializes in leveraging stakes to protect family owners. Jardines acted as Rothschilds' China agent from 1838 onwards. However, on 19 November 2008, Rabobank announced it intended to acquire 7.5% of Rothschild Continuation Holdings, ostensibly to cement an alliance in food and agricultural finance. FT Alphaville claimed that the move was intended to help Rothschild gain access to a wider capital pool, and enlarge its presence in East Asian markets.

New Court headquarters

Rothschild's headquarters in London have been continuously located at the same site over the past two centuries, at New Court, St. Swithin's Lane. In the 1950s, the firm outgrew its New Court headquarters and took up space in nearby Chetwynd House. Eventually, in October 1962, at the suggestion of Evelyn Robert de Rothschild, the firm demolished New Court and built a 6-story glass-and-steel building on the same site.

In the 1980s and 1990s, Rothschild outgrew its New Court headquarters for a second time, and now operates out of several buildings on St. Swithin's Lane, including 1 King William Street, which was originally the site of the first Gresham Club. As before, the firm has decided to demolish the New Court and build a taller 15-story glass-and-steel building, again on the same site. This third reincarnation of New Court was designed by Rem Koolhaas and will provide 20,992 square metres of office space (with associated plant, servicing and car parking). The new building will open up views of St Stephen Walbrook church from its lobby, and views of the London skyline from a roof-top "sky pavilion". Construction will take place over a 30-month period from March 2008 to August 2010, so the building will be completed shortly after Rothschild celebrates its 200-year anniversary.

Office locations

Amsterdam Athens Auckland Barcelona Beijing Bermuda Birmingham British Virgin Islands Brussels Budapest Cayman Islands Delhi Dubai Frankfurt Guernsey Geneva Hanoi Hong Kong Israel Istanbul Jakarta Johannesburg Kuala Lumpur Leeds Lisbon London Madrid Manchester Manila Melbourne Mexico City Milan Montreal Moscow Mumbai New York City Paris Port Moresby Rome Santiago São Paulo Shanghai Singapore Stockholm Sydney Tokyo Toronto Warsaw Washington, D.C. Zurich

Awards

Rothschild has received many awards in recognition of its M&A; and restructuring advisory in various countries from Acquisitions Monthly, Financial Times Mergermarket, Financial News, and Euromoney.

Notable current and former employees

(excluding many notable members of the Rothschild family)

Business

René-Pierre Azria - Director of Jarden Corporation; Managing Director of Blackstone Indosuez

Dominic Barton - Worldwide Managing Director of McKinsey & Company

Franco Bernabè - CEO of Telecom Italia; Director of PetroChina

Michel de Carvalho - Vice-Chairman of Investment Banking of Citigroup; Director of Heineken International

José María Castellano - CEO of Inditex Group

Sir John Collins - CEO of Shell UK; Chairman of National Power

Alfonso Cortina - Chairman and CEO of Repsol

Douglas Daft - Chairman and CEO of The Coca-Cola Company; Director of The McGraw-Hill Companies

Russell Edey - Director of Old Mutual; Chairman of AngloGold Ashanti

Dudley Eustace - Chairman of The Nielsen Company, Vice-Chairman of Royal Philips Electronics

Pehr G. Gyllenhammar - Chairman of Aviva; Founder of European Round Table of Industrialists

Jay Hambro - CIO of [Petropavlovsk]; CEO of Aricom

Sir Graham Hearne - Deputy Chairman of Gallaher Group; Chairman and CEO of Enterprise Oil

Henry Keswick - Chairman of Jardine Matheson Holdings; Director of Mandarin Oriental

James Lawrence - Chairman of L.E.K. Consulting; CFO of Unilever

Lord Leach of Fairford - Director of Jardine Matheson Holdings; Chairman of Open Europe

Sir Carl Meyer - Deputy Chairman of De Beers; Governor of the National Bank of Egypt

Baron Moser - Chairman of British Museum; Chairman Economist Intelligence Unit

Paul Myners - Chairman of Guardian Media Group; Chairman of Marks & Spencer

Robert S. Pirie - Senior Managing Director of Bear Stearns & Co.

Gerald Rosenfeld - Head of Investment Banking of Lazard

Wilbur Ross - Famous investor and billionaire

Trevor C. Rowe - Director of the Australian Stock Exchange; Chairman of United Group; Chairman of Queensland Investment Corporation (QIC)

Anthony Salz - Senior Partner of Freshfields Bruckhaus Deringer; Acting Chairman of Board of Governors of the BBC

Peter Smith - Chairman of Coopers & Lybrand; Chairman of Savills

Raymond W. Smith - CEO of Bell Atlantic; Chairman of Verizon

Baron Vallance of Tummel - Vice-Chairman of Royal Bank of Scotland; Chairman of British Telecom

Politics and public service

Baron George - Governor of the Bank of England (1993–2003)

Thierry Breton - French Minister of Economy, Finance and Industry (2005–2007)

Gerhard Schröder - Chancellor of Germany (1998–2005)

Liam Byrne - Minister of State at the Home Office (2006–present); Minister of State at Her Majesty's Treasury (2008–present)

John Kingman - Chief Executive of UK Financial Investments Limited

Baron Lamont of Lerwick - Member of the British Parliament (1972–1997); Chancellor of the Exchequer (1990–93)

Sir Edwin Leather - Member of the British Parliament (1950–1964); Governor of Bermuda (1973–1977)

Oliver Letwin - Chairman of the Conservative Research Department; Minister of State for Policy

René Mayer - President of France (1953)

Baron Neuberger of Abbotsbury - Lord of Appeal in Ordinary (2007–present)

Georges Pompidou - President of France (1969–1974)

John Redwood - Member of the British Parliament (1987–present)

Felix Rohatyn - United States Ambassador to France (1997–2000)

Baron Wakeham - Leader of the House of Lords (1992–1994); Leader of the House of Commons (1987–1989)

Armed forces

General Baron Guthrie of Craigiebank - Chief of the General Staff (1994–1997); Chief of the Defence Staff (1997–2001)

References

Books

External links

Official site

M&A; Ranking 2011, Thomson Reuters

Official site of the Rothschild Archive

"Rothschild lords it over dealmakers" (''Sunday Times'' article).

Inside Buzz Rothschild Profile

Rothschild Rothschild Category:Companies based in London Category:Family businesses ! Category:Jewish British history Category:Banks established in 1811 Category:Organisations based in the City of London Category:1811 establishments in England

de:N M Rothschild & Sons fr:NM Rothschild & Sons it:N M Rothschild & Sons lt:N M Rothschild & Sons ja:N・M・ロスチャイルド&サンズ no:N M Rothschild & Sons pt:N M Rothschild & Sons

Sir Evelyn Robert Adrian de Rothschild (born 29 August 1931) is a British financier, and a member of the Rothschild family.

Early life

The son of Anthony Gustav de Rothschild (1887-1961) and Yvonne Cahen d'Anvers (1899-1977), he was named after his uncle Evelyn Achille de Rothschild who was killed in action in World War I. Evelyn de Rothschild spent several of his boyhood years in the United States during World War II. He was a pupil at Harrow School and then studied history at Trinity College of Cambridge University but he dropped out before obtaining his degree.

Born into great wealth, Evelyn de Rothschild became one of England's most eligible bachelors, spending his youth travelling, socialising, driving exotic sports cars, enjoying thoroughbred horse racing and playing polo. It was not until age twenty-six that he decided to join N M Rothschild & Sons banking house to be trained in the family's business. In 1955 his father fell ill and retired. His cousin Victor Rothschild took over as Chairman.

Career

In 1968, Evelyn de Rothschild was appointed a director of Paris-based de Rothschild Frères while Guy de Rothschild from the French branch of the family became a partner at N M Rothschild & Sons. In 1976 he took over as bank chairman from Victor Rothschild and in 1982 became chairman of Rothschilds Continuation Holdings AG, the co-ordinating company for the merchant banking group. He became co-chairman of Rothschild Bank A.G., Zurich in 1994, serving until 2003 when he oversaw the merger of the family's French and UK houses. David René de Rothschild of the French branch took over as executive chairman of Rothschild International after the different branches had been merged and Sir Evelyn continued as non-executive chairman of N M Rothschild & Sons. In 2003, he founded with his wife, Lynn Forester de Rothschild, a holding company, E.L. Rothschild, to manage their investments in ''The Economist'' and various enterprises in India.

Throughout his career, Evelyn de Rothschild has been actively involved in a number of other organisations in both the private and public sectors and has held the following business positions:

Chairman - ''The Economist'' (1972-1989)

Chairman - British Merchant Banking & Securities House Association (1985-1989)

Deputy Chairman - Milton Keynes Development Corporation (1971-1984)

Chairman - United Racecourses (1977-1994)

Director - De Beers Consolidated Mines (1977-1994)

Director - IBM United Kingdom Holdings Limited (1972-1995)

Evelyn de Rothschild also served as a Director of the newspaper group owned by Lord Beaverbrook. Years later, he served for a time as a Director of Lord Black's ''Daily Telegraph'' newspaper. An owner of thoroughbred racehorses, he is a former chairman of United Racecourses. In 1967 Sir Evelyn created the Eranda Foundation to support social welfare, promote the arts and to encourage research into medicine and education.

In 1989 he was knighted by HM Queen Elizabeth II, for whom he serves as a financial adviser. He has been a Governor of the London School of Economics and Political Science as well as an active patron of the arts and supporter of a number of charities. He served as Chairman of the Delegacy of St Mary's Hospital Medical School from 1977 to 1988. He has been a Member of the Council of the Royal Academy of Dramatic Art, a trustee of the Shakespeare Globe Trust, and in 1998 was appointed Chairman of The Princess Royal Trust for Carers. Sir Evelyn was the founding chairman in 1990 of The European Association for Banking and Financial History in Frankfurt, Germany, a position he held until retiring in 2004.

Personal life

In 1966 Evelyn de Rothschild married Jeannette Bishop (1940-1981), a niece of Sir Stanley Hooker, the jet-engine engineer. The marriage ended in divorce in 1971.

He married a second time in 1973 to Victoria Lou Schott (b. 1949), they were divorced in 2000. They have three children: # Jessica (b. 1974) # Anthony James (b. 1977) # David Mayer (b. 1978)

On 30 November 2000, Sir Evelyn married the American lawyer and entrepreneur Lynn Forester, who was the head of the Luxembourg-based wireless broadband venture FirstMark Communications Europe and the former wife of Andrew Stein, a New York City political figure who served as the last president of the New York City Council. By this marriage, he has two stepchildren, Benjamin Forester Stein (b. 1985) and John Forester Stein (b. 1988). On the announcement of the marriage, the de Rothschild couple were invited to spend their honeymoon at the White House, where they agreed to stay one night. Sir Evelyn's family homes include Ascott House, a country estate owned by the National Trust in Buckinghamshire about 46 miles north of London.

Notes

External links

Interview with Sir Evelyn de Rothschild at ''financialexpress.com'' (2008)

"Can't Buy Me Love" at ''Forbes'' (2001)

Interview with Lady de Rothschild at ''Condé Nast Portfolio.com'' (2007)

Category:English businesspeople Category:English bankers Category:English polo players Category:English philanthropists Category:English art collectors Category:English Jews Category:Alumni of Trinity College, Cambridge Evelyn Robert de Rothschild Category:1931 births Category:Living people

no:Evelyn Robert de Rothschild

David Vaughan Icke (born April 29, 1952) is an English writer and public speaker, best known for his views on what he calls "who and what is really controlling the world." Describing himself as the most controversial speaker in the world, he has written 18 books explaining his position, and has attracted a substantial following across the political spectrum. His 533-page ''The Biggest Secret'' (1999) has been called the conspiracy theorist's Rosetta Stone.

Icke was a well-known BBC television sports presenter and spokesman for the Green Party, when in 1990 he had an encounter with a psychic who told him he was a healer placed on Earth for a purpose. In April 1991 he said on the BBC's Terry Wogan show that he was a son of the godhead—though he said later he had been misinterpreted—and predicted that the world would soon be devastated by tidal waves and earthquakes. He said the show changed his life, turning him from a respected household name into someone who was laughed at whenever he appeared in public.

He continued nevertheless to develop his ideas, and in four books published over seven years—''The Robots' Rebellion'' (1994), ''And the Truth Shall Set You Free'' (1995), ''The Biggest Secret'' (1999), and ''Children of the Matrix'' (2001)—set out a moral and political worldview that combined New-Age spiritualism with a passionate denunciation of totalitarian trends in the modern world. At the heart of his theories lies the idea that the world is becoming a global fascist state, that a secret group of reptilian humanoids called the Babylonian Brotherhood controls humanity, and that many prominent figures are reptilian, including George W. Bush, Queen Elizabeth II, Kris Kristofferson, and Boxcar Willie.

Michael Barkun has described Icke's position as "New Age conspiracism," writing that he is the most fluent of the conspiracist genre. Richard Kahn and Tyson Lewis argue that the reptilian hypothesis may simply be Swiftian satire, a way of giving ordinary people a narrative with which to question what they see around them.

Personal life and career

Early life and education

Icke was born in Leicester General Hospital to Beric Vaughan Icke and Barbara J. Icke, née Cooke, who were married in Leicester in 1951. Icke was the middle child; there was a brother seven years older, and another seven years younger. Beric had wanted to be a doctor, but his family had no money, so he joined the Royal Air Force instead. He was awarded a British Empire Medal for gallantry in May 1943 after helping to save the crew of an aircraft that had crashed into the Chipping Warden air base in Oxfordshire. Along with a Squadron Leader, he ran into the burning aircraft, without protective clothing, and saved the life of a crew member who was trapped inside.

After the war, Beric got a job in the Gents clock factory, and the family lived in a slum terraced house on Lead Street, near Wharf Street in the centre of Leicester. When Icke was three, they moved to a housing estate known as the Goodwood, one of the 1950s council estates the post-war Labour government built. "To say we were skint," he wrote in 1993, "is like saying it is a little chilly at the North Pole." He remembers having to hide under a window or chair when the council man came to collect the rent—after knocking, the rent man would walk round the house peering through the windows to see whether anyone was at home. His mother never explained that it was about the rent; she just told him to hide, and Icke writes that he still gets a fright when he hears a knock on the door.

He was always a loner, spending hours playing alone with toy steam trains, and preferring to cross the street rather than speak to anyone. He attended Whitehall Infant School, then Whitehall Junior School, where he spent most of his time feeling nervous and shy, often to the point of feeling faint during the morning assembly and having to leave before he passed out. The family doctor suggested a referral to a child psychologist, but his father put his foot down. He made no effort at school and failed at practically everything, but when he was nine, he was chosen for the junior school's football team. It was the first time he had succeeded at anything, and he came to see football as his way out of poverty. He played in goal, which he writes suited the loner in him and gave him a sense of living on the edge between hero and villain.

Football and first marriage

He failed his 11-plus and in 1963 was sent to the city's Crown Hills Secondary Modern. He left at 15 after being talent-spotted, and was signed up as a goalkeeper for Coventry City. Arthritis in his left knee—which later spread to the right knee, ankles, elbows, wrists, and hands—stopped him from making a career out of football, but he managed to play for Coventry and Hereford United, before retiring in 1973 at the age of 21. He met his first wife, Linda Atherton, in May 1971 at a dance at the Chesford Grange Hotel near Leamington Spa. She was working as a van driver for a garage in Leamington. Shortly after they met, Icke had another one of the huge rows he had started having with his father—always a domineering man, his father was upset that Icke's arthritis was interfering with his football career—so he packed his bags and left home. He moved into a tiny bedsit and worked in a local travel agency during the day, travelling to Hereford in the evenings to play football. He and Linda were married on September 30 that year, four months after they'd met. A daughter was born in March 1975, followed by a son in December 1981, and another son in November 1992.

Sports presenter

He found a job in 1973 as a reporter with the weekly ''Leicester Advertiser'', through a contact who was a sports editor at the ''Daily Mail''. He writes that he got the job because he was the only applicant. He advanced through local radio to television, and became a regional sports presenter for the BBC's ''South Today'' in 1982. He moved that year to Ryde on the Isle of Wight, somewhere he had always wanted to live. He appeared on the first edition of British television's first national breakfast show, ''Breakfast Time'', on January 17, 1983, presenting the sports news for them until 1985. He published his first book in 1983, ''It's a tough game, son!'', about how to break into football.

He worked for BBC Sport until August 1990, often as a stand-in host on ''Grandstand'' and snooker programmes, and also at the 1988 Summer Olympics, but a career in television began to lose its appeal for him. He wrote in ''Tales from the Time Loop'' that he found television workers insincere, shallow, and vicious, with rare exceptions. His contract with the BBC was terminated in 1990 when he refused to pay his poll tax, a controversial local tax introduced by Margaret Thatcher. He ended up paying it in November 1990, but his announcement that he was willing to go to jail rather than pay prompted the BBC, by charter an impartial public-service broadcaster, to distance itself from him.

Green Party; meeting with psychic healer

During the 1980s, he began to flirt with fringe medicine and New Age philosophies in an effort to find relief from his arthritis. He wrote his second book in 1989, ''It Doesn't Have To Be Like This'', an outline of his views on the environment, and became involved with the Green Party from 1988 to 1991, rising to become one of their four national Speakers, a position the party had created in lieu of a leader. ''The Observer'' called him "the Greens' Tony Blair." His name regularly appeared at high-profile events. He was invited in 1989 to debate animal rights at the Royal Institute of Great Britain, alongside Tom Regan, Mary Warnock, and Germaine Greer, and in September 1990 his name appeared on advertisements for a children's charity along with Audrey Hepburn, Woody Allen, and other celebrities.

In 1989 he began to feel a presence around him; he wrote that it was a time of considerable personal despair for him, though he gave no details. In March 1990, he had an experience in a newsagent's that felt as though a magnetic force was pulling his feet to the ground, and he heard a voice tell him to look at a particular section of books. One of the books was by Betty Shine, a psychic healer in Brighton. He decided to visit her to ask for help with his arthritis. She told him she had a message for him, and said he had been sent to heal the Earth. He would become famous, but would face opposition. The spirit world was going to pass ideas to him, which he would speak about to others, sometimes not understanding the words himself. She said he would write five books in three years; that in 20 years there would be a different kind of flying machine, where we could go wherever we wanted and time would have no meaning; and there would be earthquakes in unusual places, because the inner earth was being destabilized by having oil taken from the seabed.

In February 1991, he visited the pre-Inca Sillustani burial ground near Puno , Peru. He writes that he felt drawn to a large mound of earth, at the top of which lay a circle of waist-high stones. As he stood in the circle, he again felt his feet pulled to the earth as if by a magnet, and an urge to outstretch his arms. His feet started vibrating, and his head felt as though a drill was passing through it. Two thoughts entered his mind: that people will be talking about this in 100 years, and then, "it will be over when you feel the rain." He said his body started shaking as though plugged into an electrical socket and new ideas began to pour into him. Then it started raining, and the experience ended as suddenly as it had begun. He described it later as the "kundalini"—a term from Indian yoga describing a libidinal force that lies coiled at the base of the spine—exploding up through his spine, activating his brain and his chakras, or energy centres, triggering a higher level of consciousness.

He returned to England and began to write a book about the experience, ''Truth Vibrations'', published in May that year. At a Green Party conference in Wolverhampton on March 20, 1991, before the book appeared, he resigned from the party, telling them he was about to be at the centre of "tremendous and increasing controversy," and winning a standing ovation from them after the announcement.

Turquoise period

What followed became what Icke calls his "turquoise period." He began to wear only turquoise because, he explained, it is a conduit of positive energy. He had met Deborah Shaw, an English psychic living in Calgary, Alberta, in August 1990, and after he returned from Peru, he began an adulterous relationship with her, which led to the birth of an illegitimate daughter in December 1991. At one point, Shaw moved in with him and his legal wife. As polygamists, Icke's mistress, Shaw, changed her name to Mari Shawsun, while Icke's legal wife became known as Michaela, supposedly an aspect of the Archangel Michael, and they became known in the press as the "turquoise triangle."

In March 1991, a week after resigning from the Green Party, he held a press conference to announce that he had become a "channel for the Christ spirit," a title conferred on him by "the Godhead." He said the world would end in 1997, preceded by a number of disasters. There would be a severe hurricane around the Gulf of Mexico and New Orleans, eruptions in Cuba, disruption in China, a hurricane in Derry, and an earthquake on the Isle of Arran. Los Angeles would become an island, New Zealand would disappear, and the cliffs of Kent would be under water by Christmas 1991. He said the information was being given to them by voices and automatic writing. He wrote in 1993 that he didn't feel in control during the press conference. He heard his voice predicting the end of the world, and was appalled by what he was saying. "I was speaking the words," he wrote, "but all the time I could hear the voice of the brakes in the background saying, 'David, what the hell are you saying? This is absolute nonsense'." His predictions were splashed all over the next day's front pages, to his great dismay.

Terry Wogan interview

The headlines attracted an invitation from the BBC's prime-time Terry Wogan show on April 29, 1991. He implied during the interview, amid laughter from the studio audience, that he was "the son of God," and said Britain would be devastated by tidal waves and earthquakes. He later said he had used the term "the son of God" to mean an aspect of the infinite consciousness. He also talked about politics, energy and the environment: "[W]hen a child dies in this world of preventable disease every two seconds, when the economic system of this world must destroy the earth simply for that system to survive; when you see all the wars, and when you see all the pain, and when you see all the suffering, is it a force of love and wisdom and tolerance that is in control of this planet?"

The interview proved devastating for him. The BBC was criticized for allowing it to go ahead, Des Christy in ''The Guardian'' calling it a "media crucifixion." Wogan interviewed Icke again in 2006, acknowledging that his comments during the interview had been a bit sharp. Icke disappeared from public life for a time, unable to walk down the street without people mocking him. His children were followed to school by journalists and ridiculed by schoolmates, and his wife would open the back door to get the washing in only to find a camera crew filming her. Icke told Jon Ronson in 2001:

One of my very greatest fears as a child was being ridiculed in public. And there it was coming true. As a television presenter, I'd been respected. People come up to you in the street and shake your hand and talk to you in a respectful way. And suddenly, overnight, this was transformed into "Icke's a nutter." I couldn't walk down any street in Britain without being laughed at. It was a nightmare. My children were devastated because their dad was a figure of ridicule.

Writing and lecturing

Icke said the interview had been the making of him in the end, that the laughter had set him free. He wrote that every bridge back to his past was ablaze, giving him the courage to develop his ideas without caring what anyone thought of him. He continued to write, turning himself into a prolific and popular author and speaker. In 1995 he established his own publisher, Bridge of Love Publications, now called David Icke Books. As of 2006, he had lectured in 25 countries—sometimes speaking for six hours at a time—his lectures were attracting thousands, his books had been translated into eight languages, and his website was getting 600,000 hits a week. ''The Biggest Secret'' went through six reprintings between 1999 and 2006, and ''Alice in Wonderland and the World Trade Center Disaster'' (2002) became a top-five seller in South Africa. In 2008 he was invited to address the Oxford Union, the University of Oxford's debating society.

Lewis and Kahn write that he has produced a consolidation of all conspiracy theories into a massive project with unlimited explanatory power, his work cutting across political, religious, and socio-economic divisions, uniting the right and left. They write that his lectures might see neo-Nazis and Christian Patriots sitting next to 60-something UFO buffs and New Age earth goddesses.

He stood for parliament in the UK as an independent in the July 2008 Haltemprice and Howden by-election, after initially announcing he would stand as "Big Brother—The Big Picture". He came 12th in the polling with 110 votes and lost his deposit. He explained that he stood because, "if we don't face this now we are going to have some serious explaining to do when we are asked by our children and grandchildren what we were doing when the global fascist state was installed. 'I was watching ''EastEnders'', dear,' will not be good enough."

Key ideas

Icke combines metaphysical discussion about the nature of the universe and consciousness with conspiracy theories about public figures being satanic paedophiles, and how apparently random events are attempts to control humanity. He argued in ''The Biggest Secret'' that human beings originated in a breeding program run by a race of reptilians called Anunnaki from the Draco constellation, and that what we call reality is just a holographic experience; the only reality is the realm of the Absolute. He believes in a collective consciousness that has intentionality; in reincarnation; in other possible worlds that exist alongside ours on other frequencies; and in acquired characteristics, arguing that our experiences change our DNA by downloading new information and overwriting the software. We are also able to attract experiences to ourselves by means of good and bad thoughts.

Global Elite

Icke argues that humanity was created by a network of secret societies run by an ancient race of interbreeding bloodlines from the Middle and Near East, originally extraterrestrial. Icke calls them the "Babylonian Brotherhood." The Illuminati, Round Table, Council on Foreign Relations, Chatham House, the Trilateral Commission, the Bilderberg Group, the International Monetary Fund, United Nations, the media, military, science, religion, and the Internet are all Brotherhood created and controlled. The Brotherhood is mostly male. Their children are raised from an early age to understand the mission; those who don't are pushed aside. Key Brotherhood bloodlines are the British House of Windsor, the Rothschilds, the Rockefellers, European royalty and aristocracy, and the Eastern establishment families of the United States. At the apex of the Brotherhood stands the "Global Elite," identified throughout history as the Illuminati, and at the top of the Global Elite stand the "Prison Wardens." The goal of the Brotherhood—their "Great Work of Ages"—is world domination and a micro-chipped population.

Reptilians and shape-shifting

In ''The Biggest Secret'' (1999), Icke introduced the reptoid hypothesis. He identified the Brotherhood as originating from reptilians from the constellation Draco, who walk on two legs and appear human, and who live in tunnels and caverns inside the earth. They are the race of gods known as the Anunnaki in the Babylonian creation myth, ''Enûma Eliš'' who share almost identical parallels across the ancient world cultures. Lewis and Kahn write that Icke has taken his "ancient astronaut" narrative from the Jewish Azeri-American writer, Zecharia Sitchin. Icke's idea of "inner-earth reptilians" is also not new, though Barkun writes that Icke has done more than most to expand it.

Lewis and Kahn write that Sitchin argued—for example in ''Divine Encounters'' (1995)—that the Anunnaki came to Earth for its precious metals. Icke says they came specifically for "monoatomic gold," a mineral he says can increase the carrying capacity of the nervous system ten thousandfold. After ingesting it, they can process vast amounts of information, speed up trans-dimensional travel, and shapeshift from reptilian to human form. They use human fear, guilt, and aggression as energy. "Thus we have the encouragement of wars," he wrote in 1999, "human genocide, the mass slaughter of animals, sexual perversions which create highly charged negative energy, and black magic ritual and sacrifice which takes place on a scale that will stagger those who have not studied the subject."

He writes that the Anunnaki have crossbred with human beings, the breeding lines chosen for political reasons. Icke argued that they are the Watchers, the fallen angels, or "Grigori," who mated with human women in the Biblical apocrypha. Their first reptilian-human hybrid, possibly Adam, was created 200,000–300,000 years ago. There was a second breeding program around 30,000 years ago, and a third 7,000 years ago. It is the half-bloods of the third breeding program who today control the world, more Anunnaki than human, he argued. They have a powerful, hypnotic stare, the origin of the phrase to "give someone the evil eye," and their hybrid DNA allows them to shapeshift when they consume human blood.

In ''Children of the Matrix'' (2001), he added that the Anunnaki bred with another extraterrestrial race called the "Nordics," who had blond hair and blue eyes, to produce a race of human slave masters, the Aryans. The Aryans retain many reptilian traits, including cold-blooded attitudes, a desire for top-down control, and an obsession with ritual, lending them a tendency toward fascism, rationalism, and racism. Lewis and Kahn write that, with the Nordic hypothesis, Icke is mirroring standard claims by the far right that the Aryan bloodline has ruled the Earth throughout history. For Icke, Sumerian Kings and Egyptian pharaohs have all been Aryan reptilian humanoids, as have 43 American presidents and the Queen Mother, who he wrote in 2001 was "seriously reptilian." All have taken part in Satanic rituals, paedophilia, kidnapping of children, drug parties and murder, needed to satisfy their reptilian blood lust, which allows them to retain their temporary human form.

Dimensions

The reptilians not only come from another planet, but are also from another dimension, the lower level of the fourth dimension, the one nearest the physical world. Icke writes that the universe consists of an infinite number of frequencies or dimensions of life that share the same space, like television and radio frequencies. Some people can tune their consciousness to other wavelengths, which is what psychic power consists of, and it is from one of these other dimensions that the Anunnaki are controlling this world—though just as fourth-dimensional reptilians control us, they are controlled, in turn, by a fifth dimension. The lower level of the fourth dimension is what others call the "lower astral dimension." Icke argued that it is where demons live, the entities Satanists summon during their rituals. They are, in fact, summoning the reptilians. Barkun argues that the introduction of different dimensions allows Icke to skip awkward questions about which part of the universe the reptilians come from and how they got here.

Problem-reaction-solution

In ''Tales From The Time Loop'' (2003), Icke argues that most organized religions, especially Judaism, Christianity and Islam, are Illuminati creations designed to divide and conquer the human race through endless conflicts, as are racial, ethnic, and sexual divisions. He cites the Oklahoma City bombing and 9/11 as examples of events organized by the Global Elite. The incidents allow the Elite to respond in whatever way they intended to act in the first place, a concept Icke calls "order out of chaos," or "problem-reaction-solution". He writes that there are few, if any, public events that are not engineered, or at least used, by the Brotherhood: "You want to introduce something you know the people won't like. ... So you first create a PROBLEM, a rising crime rate, more violence, a terrorist bomb ... You make sure someone else is blamed for this problem and not you, the real people behind it all. So you create a "patsy," as they call them in America, a Timothy McVeigh or a Lee Harvey Oswald. ... This brings us to stage two, the REACTION from the people—"This can't go on; what are THEY going to do about it?" ... This allows THEM to then openly offer the SOLUTION to the problems they have created ..."

Red Dresses

In ''Infinite Love is the Only Truth'' (2005), Icke introduces the idea of "reptilian software." He says that there are three kinds of people. The highest level of the Brotherhood are the "Red Dresses." These are "software people," elsewhere called "reptilian software," or "constructs of mind," without consciousness, without free will. Their human bodies are holographic veils. A second group, the so-called "sheeple"—the vast majority of humanity—have what Icke calls "back seat consciousness." They are conscious, but they do whatever they are told and are the main source of energy for the Brotherhood. They include the "repeaters," the people in positions of influence who simply repeat what other people have told them. Doctors repeat what they are told in medical school and by drug companies, teachers repeat what they learned at teacher training college, and journalists are the greatest repeaters of all. The third group, by far the smallest, are those who see through the illusion; they are people like Neo from the film, ''The Matrix''. They are usually dubbed dangerous or mad. The "Red Dress" genetic lines keep obsessively interbreeding to make sure their bloodlines are not weakened by the second or third levels of consciousness, because consciousness can rewrite the software.

The Moon Matrix

Icke wrote in 2010 that the Earth and what he calls the collective human mind are manipulated from the Moon, which is actually a spacecraft controlled by the reptilians. The "Moon Matrix" is a broadcast from that spacecraft that gives us our sense of reality.

Reception

Protests

In ''The Robots' Rebellion'' (1994), Icke introduced the idea that the Global Elite's plan for world domination was laid out in ''The Protocols of the Elders of Zion'', a hoax published in Russia in 1903, which supposedly presented a plan by the Jewish people to take over the world. The ''Protocols'' is the most influential piece of antisemitic material of modern times, portraying the Jewish people as cackling villains from a Saturday matinee, as Jon Ronson put it in his documentary about Icke, ''David Icke, the Lizards and the Jews'' (2001). It was published in English in 1920 by ''The Dearborn Independent'', Henry Ford's newspaper, becoming mixed up with conspiracy theories about anti-Christian Illuminati, international financiers, and the Rothschilds, a Jewish banking dynasty. After it was exposed as a hoax, Michael Barkun of Syracuse University writes that it disappeared from mainstream discourse until interest in it was renewed by the American far right in the 1950s. According to Mark Honigsbaum, Icke refers to it 25 times in the ''Robot's Rebellion'', calling it the "Illuminati protocols." Barkun writes that this is the first of a number of examples of Icke moving dangerously close to antisemitism.

Louis Theroux cautioned that it might not only be unfair to Icke to allege that he is associating Jews with the Global Elite, but might also lend what Theroux called a patina of seriousness to his ideas. Icke said it was "friggin' nonsense" that his reptiles represented Jews. "There is a tribe of people interbreeding," he told Jon Ronson in 2001, "which do not, ''do not'', relate to any earth race ... This is not a Jewish plot. This is not a plot on the world by Jewish people".

Icke's use of the ''Protocols'' was greeted with dismay by the Green Party's executive. They had allowed him to address the party's annual conference in 1992, despite the controversy over his Wogan interview, but in September 1994 decided to deny him a platform. Icke wrote to ''The Guardian'' protesting the decision, denying ''The Robots' Rebellion'' was antisemitic, and rejecting racism, sexism and prejudice of any kind, but in the same letter insisted that whoever wrote the ''Protocols'' "knew the game plan" for the 20th century. Barkun argues that Icke was trying to have it both ways, offended by the allegation of antisemitism while "hinting at the dark activities of Jewish elites." Alick Bartholomew of Gateway, Icke's former publisher, said that an early draft of ''And the Truth Shall Set You Free'' (1995) contained material questioning the Holocaust, and that Icke was dropped because of it. Sam Taylor wrote in ''The Observer'' in 1997 that, having read the material, he did not believe it was antisemitic, but argued that Icke was "tapping into a seriously paranoid, aggressive strain in U.S. society."

Icke was briefly detained by immigration officials when he entered Canada in 2000, after his name was added to a watch list because of complaints from the Canadian Jewish Congress. His books were removed from Indigo Books, and several stops on his speaking tour were cancelled. Human rights lawyer Richard Warman, working at the time for the Canadian Green Party, took credit for much of this in Jon Ronson's documentary about Icke, which catalogued the cancelled appearances.

Academic reception

Michael Barkun sees Icke as a professional conspiracy theorist of the Alex Jones variety, and the most fluent of the genre. He calls Icke's work "improvisational millennialism," with an end-of-history scenario involving a final battle between good and evil. Because everything is connected in the conspiracist world view, Barkun writes, every source can be mined for links. The greater the stigma attached to an idea, the more attractive it becomes, and the vehemence with which the mainstream rejects an idea is almost a measure of its validity. For Icke, the widespread ridiculing of the lizard theory is a guarantee that there's something to it, Barkun argues.

According to Barkun, Icke has actively tried to cultivate the far right. In 1996, he spoke to a conference in Reno, Nevada, alongside opponents of the Brady Handgun Violence Prevention Act—which mandates background checks on people who buy guns in the United States—including Kirk Lyons, a white nationalist lawyer who has represented the Ku Klux Klan. Barkun argues that the relationship between Icke, the militias, and the Christian Patriots is complex because of the New Age baggage Icke brings with him, and he stresses that Icke is not actually a member of any of these groups, but he has nevertheless absorbed the world view of the radical right virtually intact. "There is no fuller explication of its beliefs about ruling elites than Icke's," he writes. Icke regards Christian patriots as the only Americans who understand the truth about the New World Order, but he also told a Christian patriot group: "I don't know which I dislike more, the world controlled by the Brotherhood, or the one you want to replace it with."

Tyson Lewis and Richard Kahn see Icke as a spiritual philosopher, arguing that it's not clear he believes in the reptilians himself. They write that there is an almost obsessive-compulsive element to his writing, which includes anything he can find to support a narrative that connects ancient Sumer to modern America, in a way that "defies the laws of academic gravity." They argue that the lizards may be allegorical, a Swiftian satire describing the emergence of a global fascist state. In ''Children of the Matrix'', Icke writes that, that if the reptilians did not exist, we would have to invent them. "In fact," he says, "we probably have. They are other levels of ourselves putting ourselves in our face." Lewis and Kahn make use of Douglas Kellner's distinction in ''Media Spectacle'' (1995) between a reactionary clinical paranoia—a mindset dissociated from reality—and a progressive, critical paranoia that confronts power. They argue that Icke displays elements of both, writing that what they call his "postmodern metanarrative" may be a way of giving ordinary people a narrative structure within which to question what they see around them.

Works

;Books

''It's a Tough Game, Son!''. Piccolo Books, 1983. ISBN 0330280473

''It Doesn't Have To Be Like This: Green Politics Explained''. Green Print, 1989. ISBN 1854250337

''Truth Vibrations''. Gateway, 1991, 1994. ISBN 1858600065

''Love Changes Everything''. Harper Collins Publishers, 1992. ISBN 1855382474

''In the Light of Experience: The Autobiography of David Icke''. Time Warner Books, 1993. ISBN 0751506036

''Days of Decision''. Jon Carpenter Publishing, 1993. ISBN 1897766017

''The Robot's Rebellion''. Gateway, 1994. ISBN 1858600227

''Heal the World: A Do-It-Yourself Guide to Personal and Planetary Transformation''. Gateway, 1994. ISBN 1858600057

''...And the Truth Shall Set You Free''. Bridge of Love Publications, 1995. ISBN 0953881059

''I Am Me, I Am Free: The Robot's Guide to Freedom''. Truth Seeker, 1996, 1998. ISBN 0952614758

''Lifting the Veil: David Icke interviewed by Jon Rappoport''. Truth Seeker, 1998. ISBN 0939040050

''The Biggest Secret: The Book That Will Change the World''. Bridge of Love Publications, 1999. ISBN 0952614766

''Children of the Matrix''. Bridge of Love Publications, 2001. ISBN 0953881016

''Alice in Wonderland and the World Trade Center Disaster''. Bridge of Love Publications, 2002. ISBN 0953881024

''Tales from the Time Loop''. Bridge of Love Publications, 2003. ISBN 0953881040

''Infinite Love Is the Only Truth: Everything Else Is Illusion''. Bridge of Love Publications, 2005. ISBN 0953881067

''The David Icke Guide to the Global Conspiracy (and how to end it)''. David Icke Books Ltd, 2007. ISBN 978-0-9538810-8-6

''Human Race Get Off Your Knees—The Lion Sleeps No More''. David Icke Books Ltd, 2010. ISBN 978-0-9559973-1-0

;DVDs and videos

''Speaking Out: Who Really Controls the World and What We Can Do About It''

''David Icke: Turning of the Tide'' (1996)

''The Reptilian Agenda'' (1999) (DVD)

''David Icke: Revelations of a Mother Goddess''

''David Icke: The Freedom Road'' (2003)

''David Icke: Secrets of the Matrix'', Parts 1–3 (2003) (DVD)

''David Icke, Live in Vancouver: From Prison to Paradise'' (2005) (DVD)

''Freedom or Fascism: The Time to Choose'' (2006) (DVD)

''David Icke: Big Brother, the Big Picture'', (2008) free Internet Video

''Beyond The Cutting Edge'' (2008) (DVD)

''David Icke Live at the Oxford Union Debating Society

''The Lion Sleeps No more'' (2010) (DVD)

''Secret Space

''Secret Space 2

See also

Erich von Däniken

Vusamazulu Credo Mutwa

Notes

References

David Icke's website

Barkun, Michael. ''A Culture of Conspiracy: Apocalyptic Visions in Contemporary America''. University of California, 2003.

Barkun, Michael. ''Chasing Phantoms: Reality, Imagination, and Homeland Security Since 9/11''. The University of North Carolina Press, 2011.

Channel 5 Television. David Icke: Was He Right?, December 12, 2006, ''YouTube'', accessed December 12, 2010.

Chaudhary, Vivek. "Greens see red at 'Son of God's anti-Semitism'," ''The Guardian'', September 12, 1994.

Christy, Des. "Crucifixion, courtesy of the BBC," ''The Guardian'', May 6, 1991.

Evans, Paul. Interview: David Icke, ''New Statesman'', March 3, 2008.

Gillis, Charlie. "Righteous Crusader or Civil Rights Menace?", ''Macleans'', April 9, 2008.

Greenslade, Nick. "The ten worst sportsmen in politics", ''The Observer'', September 5, 2004.

Grossman, Wendy. "Green Party Cofounder Icke Goes New Age", ''Skeptical Inquirer'', January 1, 1991.

Honigsbaum, Mark. "The Dark Side of David Icke", ''London Evening Standard'', May 26, 1995, accessed December 12, 2010.

Icke, David. ''It's a tough game, son!''. Piccolo Books, 1983.

Icke, David. "Does the Animal Kingdom need a Bill of Rights?", Royal Institute of Great Britain, 1989, ''YouTube'', accessed December 12, 2010.

Icke, David. ''In the Light of Experience'', Warner Books, 1993.

Icke, David. ''Days of Decision''. Jon Carpenter Publishing, 1993.

Icke, David. ''And the Truth Shall Set You Free''. David Icke Books, 1995.

Icke, David. ''The Biggest Secret: The Book that Will Change the World''. David Icke Books, 1999.

Icke, David. ''Alice in Wonderland and the World Trade Center Disaster'', Bridge of Love Publications, 2002.

Icke, David. ''Tales from the Time Loop. David Icke Books, 2003.

Icke, David. ''Infinite Love is the Only Truth''. Bridge of Love Publications, 2005.

Icke, David. ''The David Icke Guide to the Global Conspiracy''. David Icke Books, 2007.

Icke, David (undated). "Problem-reaction-solution", ''News for the Soul'', accessed December 12, 2010.

Icke, David (undated). David Icke part 1, part 2, Davidicke.com, accessed December 12, 2010.

Icke, David (undated). Was Hitler a Rothschild?, DavidIcke.com, accessed December 12, 2010.

Jabbari, Dorsa. "U of T provides accused anti-Semite with mike", ''Varsity News'', October 12, 1999, accessed December 12, 2010.

Kraft, Frances. "New Age speaker set to talk in Toronto", ''The Canadian Jewish News'', October 7, 1999, accessed December 12, 2010.

Lewis, Tyson E., and Kahn, Richard. ''Education Out of Bounds: Reimagining Cultural Studies for a Posthuman Age''. Palgrave Macmillan, 2010.

Lewis, Tyson and Kahn, Richard. "The Reptoid Hypothesis: Utopian and Dystopian Representational Motifs in David Icke's Alien Conspiracy Theory", ''Utopian Studies'', Vol. 16, 2005, accessed December 12, 2010.

Marre, Oliver. "Pendennis", ''The Observer'', January 20, 2008.

Mitchell, Ben. "This much I know", interview with David Icke, ''The Observer'', January 22, 2006.

Naughton, Philippe. "Reptilians beware - David Icke is back!", ''The Times'', June 27, 2008.

Offley, Will (2000a). "Selected Quotes Of David Icke", Political Research Associates, February 23, 2000, accessed December 12, 2010.

Offley, Will (2000b). "David Icke And The Politics Of Madness: Where The New Age Meets The Third Reich", Political Research Associates, February 29, 2000, accessed December 12, 2010.

Ronson, Jon. "Beset by lizards, part 1", part 2, extracts from Ronson's book, ''Them: Adventures with Extremists'', ''The Guardian'', March 17, 2011.

Ronson, Jon. "David Icke, the Lizards, and the Jews" 1/5, 2/5, 3/5, 4/5, 5/5, Channel 4 Television, UK, 2001; ''YouTube'', accessed December 12, 2010.

Taylor, Sam. "So I was in this bar with the son of God ...," ''The Observer'', April 20, 1997.

Theroux, Louis. "Stranger than fiction: Are 12ft lizards running the world?", ''The Guardian'', April 7, 2001.

Whitney, Nicole (undated). "Interview with David Icke", ''News for the Soul'', 2004, accessed December 12, 2010.

Wogan, Terry. David Icke interviewed by Terry Wogan, April 1991 and again in 2006, BBC, courtesy of ''YouTube'', accessed December 12, 2010.

''The Guardian''. "Protester David Icke finally pays community charge," November 14, 1990.

United States Holocaust Memorial Museum. Protocols of the Elders of Zion, accessed December 12, 2010.

Further reading

DavidIcke.com, accessed December 12, 2010.

Banyan, Will. "The Big Picture" A review of ''Alice in Wonderland and the World Trade Center Disaster'' (pdf) ''Paranoia Magazine'', October 2003, accessed December 12, 2010.

Cowley, Jason. "The Icke Files", ''The Independent on Sunday'', October 1, 2000.

Kay, Jonathan. "When paranoia goes intergalactic", ''The National Post'', May 12, 2011.

Kay, Jonathan. ''Among the Truthers''. Harper, 2011.

Shermer, Michael. ''Illuminati, The New World Order & Paranoid Conspiracy Theorists (PCTs)'', ''The Skeptic's Dictionary'', accessed December 12, 2010.

;Audio/video

Britton, Fern. Interview with David Icke, 1/3, 2/3, 3/3, BBC's Coast to Coast People, 1991; courtesy of ''YouTube'', accessed December 12, 2010.

Icke, David. Presenting snooker, BBC, 1980s; courtesy of ''YouTube'', accessed December 12, 2010.

Icke, David. Does the Animal Kingdom need a Bill of Rights?, Royal Institute of Great Britain, ''Arena'', BBC2, 1989; courtesy of ''YouTube'', accessed November 15, 2009.

Icke, David. Live at the Oxford Union, June 10, 2009; courtesy of ''YouTube'', accessed December 12, 2010.

Maher, Bill. Interview with David Icke, ''Religulous'', 2008; courtesy of ''YouTube'', accessed December 12, 2010.

Category:1952 births Category:Anti-globalist activists Category:Article Feedback Pilot Category:Association football goalkeepers Category:British sports broadcasters Category:British television presenters Category:Conspiracy theorists Category:Pseudohistory Category:Fringe theory Category:Coventry City F.C. players Category:English footballers Category:English occult writers Category:English political writers Category:Environmental skepticism Category:Hereford United F.C. players Category:Independent politicians in England Category:Living people Category:People from Leicester Category:People from Ryde Category:Psychedelic drug advocates Category:Religious skeptics Category:The Football League players Category:UFO conspiracy theorists

bg:Дейвид Айк ca:David Icke de:David Icke et:David Icke es:David Icke eo:David Icke fr:David Icke hr:David Icke it:David Icke nl:David Icke ja:デイビッド・アイク no:David Icke pl:David Icke pt:David Icke ro:David Icke ru:Айк, Дэвид sr:Дејвид Ајк fi:David Icke sv:David Icke uk:Девід Айк vo:David Icke

name	George Soros
birth date	August 12, 1930
birth place	Budapest, Kingdom of Hungary
alma mater	London School of Economics
occupation	Entrepreneur, currency trader, investor, philanthropist
networth	$14.5 billion (2011)
spouse	Twice divorced (Annaliese Witschak and Susan Weber Soros)
children	Robert, Andrea, Jonathan, Alexander, Gregory
nationality	Hungarian
website	georgesoros.com
footnotes	}}

George Soros (; or , ; born August 12, 1930, as Schwartz György) is a Hungarian-American financier, businessman, and notable philanthropist focused on supporting liberal ideals and causes. He became known as "the Man Who Broke the Bank of England" after he made a reported $1 billion during the 1992 Black Wednesday UK currency crises. Soros correctly speculated that the British government would have to devalue the pound sterling.

Soros is Chairman of the Soros Fund Management. In July 2011, Soros announced that he was returning outside investment money (valued at $1 billion) and will only invest his own $24.5 billion family fortune because of new U.S. Securities and Exchange Commission disclosure rules. Soros is also the chairman of the Open Society Institute and a former member of the Board of Directors of the Council on Foreign Relations. He played a significant role in the peaceful transition from communism to capitalism in Hungary (1984–89) and provided Europe's largest-ever higher education endowment to Central European University in Budapest. Later, the Open Society Institute's programs in Georgia were considered by Russian and Western observers to have been crucial in the success of the Rose Revolution. In the United States, he is known for donating large sums of money in an effort to defeat President George W. Bush's bid for re-election in 2004. In 2010, he donated $1 million in support of Proposition 19, which would have legalized marijuana in the state of California. He was an initial donor to the Center for American Progress, and he continues to support the organization through the Open Society Foundations. The Open Society Institute has active programs in more than 60 countries around the world with total expenditures currently averaging approximately $600 million a year.

In 2003, former Federal Reserve Chairman Paul Volcker wrote in the foreword of Soros' book ''The Alchemy of Finance'':

George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become 'open societies,' open not only in the sense of freedom of commerce but – more important – tolerant of new ideas and different modes of thinking and behavior.

Family

Soros was born in Budapest, Kingdom of Hungary, the son of the Esperantist writer Tivadar Soros and Elizabeth Soros. Tivadar (also known as Teodoro) was a Hungarian Jew, who was a prisoner of war during and after World War I and eventually escaped from Russia to rejoin his family in Budapest.

The family changed its name from Schwartz to Soros in 1936, in response to growing anti-semitism with the rise of fascism. Tivadar liked the new name because it is a palindrome and because of its meaning. Although the specific meaning is left unstated in Kaufman's biography, in Hungarian, ''soros'' means ''next in line'', or ''designated successor''; and, in Esperanto, it means "will soar". Tivadar taught George to speak Esperanto from birth. Soros later said that he grew up in a Jewish home and that his parents were cautious with their religious roots.

Married and divorced twice, Soros has three children with Annaliese Witschak (Robert, Andrea, Jonathan) and two with Susan Weber Soros (Alexander and Gregory). His elder brother, Paul Soros, also a private investor and philanthropist, is an engineer, who headed Soros Associates and established the Paul and Daisy Soros Fellowships for Young Americans. Soros' nephew Peter Soros, a son of Paul Soros, married the former Flora Fraser – a daughter of Lady Antonia Fraser and the late Sir Hugh Fraser and a stepdaughter of the late 2005 Nobel Laureate Harold Pinter. Fraser and Soros separated in 2009.

His son Alexander Soros is also gaining prominence for his donations to social and political causes. Alexander led the list of student political donors in the 2010 election cycle.

Early life

Soros was thirteen years old in March 1944 when Nazi Germany occupied Hungary. Soros took a job with the Jewish Council, which had been established during the Nazi occupation of Hungary to carry out Nazi and Hungarian government anti-Jewish measures. Soros later described this time to writer Michael Lewis:

The Jewish Council asked the little kids to hand out the deportation notices. I was told to go to the Jewish Council. And there I was given these small slips of paper...It said report to the rabbi seminary at 9 am...And I was given this list of names. I took this piece of paper to my father. He instantly recognized it. This was a list of Hungarian Jewish lawyers. He said, "You deliver the slips of paper and tell the people that if they report they will be deported."

Later that year, at age 14, Soros lived with and posed as the godson of an employee of the Hungarian Ministry of Agriculture. On one occasion, the official was ordered to inventory the remaining contents of the estate of a wealthy Jewish family that had fled the country. Rather than leave the young Soros alone in the city, the official brought him along. The following year, Soros survived the Battle of Budapest, in which Soviet and German forces fought house-to-house through the city.

Soros emigrated to England in 1947 and, as an impoverished student, lived with his uncle, an Orthodox Jew. His uncle paid his living expenses while he attended the London School of Economics, where he received a Bachelor of Science in Philosophy in 1952. While a student of the philosopher Karl Popper, Soros worked as a railway porter and as a waiter. A University tutor requested aid for Soros, and he received £40 from a Religious Society of Friends (Quaker) charity. He eventually secured an entry-level position with London merchant bank Singer & Friedlander.

Emigration

In 1956, Soros moved to New York City, where he worked as an arbitrage trader with F. M. Mayer (1956–59) and as an analyst with Wertheim & Co. (1959–63). Throughout this time, Soros developed a philosophy of ''reflexivity'' based on the ideas of Karl Popper. Reflexivity, as used by Soros, is the belief that the action of beholding the valuation of any market, by its participants, affects said valuation of the market in a procyclical "virtuous or vicious" circle.

Soros realized, however, that he would not make any money from the concept of reflexivity until he went into investing on his own. He began to investigate how to deal in investments. From 1963 to 1973, he worked at Arnhold and S. Bleichroder, where he attained the position of Vice-President. Soros finally concluded that he was a better investor than he was a philosopher or an executive. In 1967, he persuaded the company to set up First Eagle, an offshore investment fund for him to run; and, in 1969, it founded the Double Eagle hedge fund for him.

In 1973, when investment regulations restricted his ability to run the funds as he wished, he resigned his position and established a private investment company, which evolved into the Quantum Fund. He has stated that his intent was to earn enough money on Wall Street to support himself as an author and philosopher – he calculated that $500,000 after five years would be possible and adequate.

He also once had a small stake in the Carlyle Group.

Business

In 1970, Soros founded Soros Fund Management with Jim Rogers. In 1973, he left Arnhold and S. Bleichroder to set up his own hedge fund with $12 million from investors. Christoper Ink was also involved, and other partners have included Victor Niederhoffer and Stanley Druckenmiller. Rogers retired from the fund in 1980.

Initially called the Soros Fund, it was eventually renamed the Quantum Fund. In 2000, the Quantum Group of Funds was reorganized, and the flagship Quantum Endowment Fund was established. Soros Fund Management LLC is the principal advisor to the Quantum Endowment Fund. Soros is the Chairman of Soros Fund Management. The firm's day-to-day operations are managed by Soros's two elder sons and the firm's Chief Investment Officer Keith Anderson. The fund has assets of approximately $27 billion. Recent investments include the 2010 purchase of a 20% stake in BNK Petroleum.

In 2007, the Quantum Fund returned almost 32%, netting Soros $2.9 billion.

In August 2010, Soros bought a 4 per cent stake in the Bombay Stock Exchange (BSE) for about $35 million. Soros’s Quantum hedge fund bought the stake from Dubai Financial, a part of the state-run Dubai Holdings, for an estimated Rs. 380 per share. Over 5,000 companies are listed on the exchange.

In July 2011, Soros closed his Quantum hedge fund to outside investment, running the hedge fund as an investment vehicle for his family's fortune.

Currency speculation

On September 16, 1992, Black Wednesday, Soros's fund sold short more than $10 billion worth of pounds, profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.

Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound sterling, earning Soros an estimated $1.1 billion. He was dubbed "the man who broke the Bank of England". In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.

On Monday, October 26, 1992, ''The Times'' quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."

Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound. "Soros' contribution was pushing him to take a gigantic position."

In 1997, during the Asian financial crisis, the Prime Minister of Malaysia Mahathir bin Mohamad accused Soros of using the wealth under his control to punish the Association of Southeast Asian Nations (ASEAN) for welcoming Myanmar as a member. Following on a history of antisemitic remarks, Mahathir made specific reference to Soros's Jewish background ("It is a Jew who triggered the currency plunge") and implied Soros was orchestrating the crash as part of a larger Jewish conspiracy. Nine years later, in 2006, Mahathir met with Soros and afterwards stated that he accepted that Soros had not been responsible for the crisis. In 1998's ''The Crisis of Global Capitalism: Open Society Endangered'' Soros explained his role in the crisis as follows:

The financial crisis that originated in Thailand in 1997 was particularly unnerving because of its scope and severity.... By the beginning of 1997, it was clear to Soros Fund Management that the discrepancy between the trade account and the capital account was becoming untenable. We sold short the Thai baht and the Malaysian ringgit early in 1997 with maturities ranging from six months to a year. (That is, we entered into contracts to deliver at future dates Thai Baht and Malaysian ringgit that we did not currently hold.) Subsequently Prime Minister Mahathir of Malaysia accused me of causing the crisis, a wholly unfounded accusation. We were not sellers of the currency during or several months before the crisis; on the contrary, we were buyers when the currencies began to decline – we were purchasing ringgits to realize the profits on our earlier speculation. (Much too soon, as it turned out. We left most of the potential gain on the table because we were afraid that Mahathir would impose capital controls. He did so, but much later.)

The nominal U.S. dollar GDP of the ASEAN fell by $9.2 billion in 1997 and $218.2 billion (31.7%) in 1998.

''New York Times'' columnist Paul Krugman is critical of Soros's effect on financial markets.

"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi.'"

Public predictions

Soros' book, ''The New Paradigm for Financial Markets'' (May 2008), described a "superbubble" that had built up over the past 25 years and was ready to collapse. This was the third in a series of books he has written that have predicted disaster. As he states:

He ascribes his own success to being able to recognize when his predictions are wrong.

In February 2009, Soros said the world financial system had effectively disintegrated, adding that there was no prospect of a near-term resolution to the crisis. "We witnessed the collapse of the financial system[...]It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."

Insider trading conviction

In 1988, he was asked to join a takeover attempt of the French bank Société Générale. He declined to participate in the bid but later bought a number of shares in the company. French authorities began an investigation in 1989, and in 2002 a French court ruled that it was insider trading, a felony conviction as defined under French securities laws, and fined him $2.3 million, which was the amount that he made using the insider information.

Punitive damages were not sought because of the delay in bringing the case to trial. Soros denied any wrongdoing and said news of the takeover was public knowledge.

His insider trading conviction was upheld by the highest court in France on June 14, 2006. In December 2006, he appealed to the European Court of Human Rights, claiming that the 14-year delay in bringing the case to trial precluded a fair hearing.

Sports

In 2005, Soros was a minority partner in a group that tried to buy the Washington Nationals, a Major League baseball team. Some Republican lawmakers suggested that they might move to revoke baseball's antitrust exemption if Soros bought the team. In 2008, Soros' name was associated with AS Roma, an Italian football team but the club was not sold. Soros was also a financial backer of Washington Soccer L.P., the group that owned the operating rights to Major League Soccer club D.C. United when the league was founded in 1995, but the group lost these rights in 2000.

Philanthropy

Soros has been active as a philanthropist since the 1970s, when he began providing funds to help black students attend the University of Cape Town in apartheid South Africa, and began funding dissident movements behind the iron curtain.

Soros' philanthropic funding includes efforts to promote non-violent democratization in the post-Soviet states. These efforts, mostly in Central and Eastern Europe, occur primarily through the Open Society Institute (OSI) and national Soros Foundations, which sometimes go under other names (such as the Stefan Batory Foundation in Poland). As of 2003, PBS estimated that he had given away a total of $4 billion. The OSI says it has spent about $500 million annually in recent years.

''Time'' magazine in 2007 cited two specific projects – $100 million toward Internet infrastructure for regional Russian universities; and $50 million for the Millennium Promise to eradicate extreme poverty in Africa – while noting that Soros has given $742 million to projects in the U.S., and given away a total of more than $7 billion.

Other notable projects have included aid to scientists and universities throughout Central and Eastern Europe, help to civilians during the siege of Sarajevo, and Transparency International. Soros also pledged an endowment of €420 million to the Central European University (CEU). The Nobel Peace Prize winner Muhammad Yunus and his microfinance bank Grameen Bank received support from the OSI.

According to ''National Review'' the Open Society Institute gave $20,000 in September 2002 to the Defense Committee of Lynne Stewart, the lawyer who has defended alleged terrorists in court and was sentenced to 2⅓ years in prison for "providing material support for a terrorist conspiracy" via a press conference for a client. An OSI spokeswoman said "it appeared to us at that time that there was a right-to-counsel issue worthy of our support."

In September 2006 Soros pledged $50 million to the Millennium Promise, led by economist Jeffrey Sachs to provide educational, agricultural, and medical aid to help villages in Africa enduring poverty. The New York Times termed this endeavor a "departure" for Soros whose philanthropic focus had been on fostering democracy and good government, but Soros noted that most poverty resulted from bad governance.

He received honorary doctoral degrees from the New School for Social Research (New York), the University of Oxford in 1980, the Corvinus University of Budapest, and Yale University in 1991. Soros also received the Yale International Center for Finance Award from the Yale School of Management in 2000 as well as the Laurea Honoris Causa, the highest honor of the University of Bologna in 1995.

Political donations and activism

United States

In an interview with ''The Washington Post'' on November 11, 2003, Soros said that removing President George W. Bush from office was the "central focus of my life" and "a matter of life and death." He said he would sacrifice his entire fortune to defeat President Bush, "if someone guaranteed it." Soros gave $3 million to the Center for American Progress, $2.5 million to MoveOn.org, and $20 million to America Coming Together. These groups worked to support Democrats in the 2004 election. On September 28, 2004 he dedicated more money to the campaign and kicked off his own multi-state tour with a speech: ''Why We Must Not Re-elect President Bush'' delivered at the National Press Club in Washington, DC. The online transcript to this speech received many hits after Dick Cheney accidentally referred to FactCheck.org as "factcheck.com" in the Vice Presidential debate, causing the owner of that domain to redirect all traffic to Soros's site. Asked in 2006 about his statement in ''The Age of Fallibility'' that "the main obstacle to a stable and just world order is the United States", Soros responded that "it happens to coincide with the prevailing opinion in the world. And I think that's rather shocking for Americans to hear. The United States sets the agenda for the world. And the rest of the world has to respond to that agenda. By declaring a 'war on terror' after September 11, we set the wrong agenda for the world. [...] when you wage war, you inevitably create innocent victims."

Soros was not a large donor to US political causes until the 2004 presidential election, but according to the Center for Responsive Politics, during the 2003–2004 election cycle, Soros donated $23,581,000 to various 527 groups dedicated to defeating President Bush. A 527 group is a type of American tax-exempt organization named after a section of the United States tax code, 26 U.S.C. § 527.

After Bush's re-election, Soros and other donors backed a new political fundraising group called Democracy Alliance, which supports progressive causes and the formation of a stronger progressive infrastructure in America.

In August 2009, Soros donated $35 million to the state of New York to be ear-marked for under-privileged children and given to parents who had benefit cards at the rate of $200 per child aged 3 through 17, with no limit as to the number of children that qualified. An additional $140 million was put into the fund by the state of New York from money they had received from the 2009 federal recovery act.

On October 26, 2010, Soros donated $1 million, the largest donation in the campaign, to the Drug Policy Alliance to fund Proposition 19, that would have legalized marijuana in the state of California if it had passed in the November 2, 2010 elections.

Eastern Europe

According to Neil Clark in the ''New Statesman'', Soros's role was crucial in the collapse of communism in Eastern Europe. From 1979, as an advocate of 'open societies', Soros financially supported dissidents including Poland's Solidarity movement, Charter 77 in Czechoslovakia and Andrei Sakharov in the Soviet Union donating $3 million a year according to Clark. In 1984, he founded his first Open Society Institute in Hungary and pumped millions of dollars into opposition movements and independent media. Since the fall of the Soviet Union, Soros' funding has continued to play an important role in the former Soviet sphere. His funding of pro-democratic programs in of Georgia was considered by Russian and Western observers to be crucial to the success of the Rose Revolution, although Soros has said that his role has been "greatly exaggerated." Alexander Lomaia, Secretary of the Georgian Security Council and former Minister of Education and Science, is a former Executive Director of the Open Society Georgia Foundation (Soros Foundation), overseeing a staff of 50 and a budget of $2,500,000.

Former Georgian Foreign Minister Salomé Zourabichvili wrote that institutions like the Soros Foundation were the cradle of democratisation and that all the NGOs which gravitated around the Soros Foundation undeniably carried the revolution. She opines that after the revolution the Soros Foundation and the NGOs were integrated into power.

Some Soros-backed pro-democracy initiatives have been banned in Kazakhstan and Turkmenistan. Ercis Kurtulus, head of the Social Transparency Movement Association (TSHD) in Turkey, said in an interview that "Soros carried out his will in Ukraine and Georgia by using these NGOs...Last year Russia passed a special law prohibiting NGOs from taking money from foreigners. I think this should be banned in Turkey as well." In 1997, Soros had to close his foundation in Belarus after it was fined $3 million by the government for "tax and currency violations". According to ''The New York Times'', the Belarusian president Alexander Lukashenko has been widely criticized in the West and in Russia for his efforts to control the Belarus Soros Foundation and other independent NGOs and to suppress civil and human rights. Soros called the fines part of a campaign to "destroy independent society".

In June 2009, Soros donated $100m to Central Europe and Eastern Europe to counter the impact of the economic crisis on the poor, voluntary groups and non-government organisations.

Africa

The Open Society Initiative for Southern Africa is a Soros-affiliated organization. Its director for Zimbabwe is Godfrey Kanyenze, who also directs the Zimbabwe Congress of Trade Unions (ZCTU), which was the main force behind the founding of the Movement for Democratic Change, the principal indigenous organization promoting regime change in Zimbabwe.

Drug policy reform

Soros has funded worldwide efforts to promote drug policy reform. In 2008, Soros donated $400,000 to help fund a successful ballot measure in Massachusetts known as the Massachusetts Sensible Marijuana Policy Initiative which decriminalized possession of less than 1 oz (28g) of marijuana in the state. Soros has also funded similar measures in California, Alaska, Oregon, Washington, Colorado, Nevada and Maine. Among the drug decriminalization groups that have received funding from Soros are the Lindesmith Center and Drug Policy Foundation. Soros donated $1.4 million to publicity efforts to support California's Proposition 5 in 2008, a failed ballot measure that would have expanded drug rehabilitation programs as alternatives to prison for persons convicted of non-violent drug-related offenses.

In October 2010, Soros donated $1 million to support California's Proposition 19.

According to remarks in an interview in October 2009, it is Soros's opinion that marijuana is less addictive but not appropriate for use by children and students. He himself has not used marijuana for years.

Death and dying

The Project on Death in America, active from 2001 to 2003, was one of the Open Society Institute's projects, which sought to "understand and transform the culture and experience of dying and bereavement." In 1994, Soros delivered a speech in which he reported that he had offered to help his mother, a member of the Hemlock Society, commit suicide. In the same speech, he also endorsed the Oregon Death with Dignity Act, the campaign which he helped fund.

Philosophy

Education and beliefs

His philosophical outlook is influenced by Karl Popper, under whom he studied at the London School of Economics (LSE). His Open Society Institute is named after Popper's two volume work, ''The Open Society and Its Enemies'', and Soros's ongoing philosophical commitment to the principle of fallibilism (that anything he believes may in fact be wrong, and is therefore to be questioned and improved) stems from Popper's philosophy.

Reflexivity, financial markets, and economic theory

Soros' writings focus heavily on the concept of reflexivity, where the biases of individuals enter into market transactions, potentially changing the perception of fundamentals of the economy. Soros argues that such transitions in the perceptions of fundamentals of the economy are typically marked by disequilibrium rather than equilibrium, and that the conventional economic theory of the market (the 'efficient market hypothesis') does not apply in these situations. Soros has popularized the concepts of ''dynamic disequilibrium'', ''static disequilibrium'', and ''near-equilibrium'' conditions.

Reflexivity is based on three main ideas: # Reflexivity is best observed under special conditions where investor bias grows and spreads throughout the investment arena. Examples of factors that may give rise to this bias include (a) equity leveraging or (b) the trend-following habits of speculators. # Reflexivity appears intermittently since it is most likely to be revealed under certain conditions; i.e., the character of the equilibrium process is best considered in terms of probabilities. # Investors' observation of and participation in the capital markets may at times influence valuations ''and'' fundamental conditions or outcomes.

A current example of reflexivity in modern financial markets is that of the debt and equity of housing markets. Lenders began to make more money available to more people in the 1990s to buy houses. More people bought houses with this larger amount of money, thus increasing the prices of these houses. Lenders looked at their balance sheets which not only showed that they had made more loans, but that their equity backing the loans – the value of the houses, had gone up (because more money was chasing the same amount of housing, relatively). Thus they lent out more money because their balance sheets looked good, they were guaranteed by the Federal Government, and prices went up more.

This was further amplified by public policy. Many governments see home ownership as a positive outcome and so first home owners grant and other financial subsidies – or influences to buy a home such as the exemption of a primary residence from capital gains taxation – mean that house purchases were seen as a good thing. Prices increased rapidly, and lending standards were relaxed. The salient issue regarding reflexivity is that it explains why markets gyrate over time, and do not just stick to equilibrium – they tend to overshoot or undershoot.

View of potential problems in the free market system

Despite working as an investor and currency speculator, he argues that the current system of financial speculation undermines healthy economic development in many underdeveloped countries. Soros blames many of the world's problems on the failures inherent in what he characterizes as market fundamentalism. His opposition to many aspects of globalization has made him a controversial figure.

Victor Niederhoffer said of Soros: "Most of all, George believed even then in a mixed economy, one with a strong central international government to correct for the excesses of self-interest."

Soros claims to draw a distinction between being a participant in the market and working to change the rules that market participants must follow. According to Mahathir bin Mohamed, Prime Minister of Malaysia from July 1981 to October 2003, Soros – as the hedge fund chief of Quantum – may have been partially responsible for the economic crash in 1997 of East Asian markets when the Thai currency relinquished its peg to the US dollar. According to Mahathir, in the three years leading to the crash, Soros invested in short-term speculative investment in East Asian stock markets and real estate, then divested with "indecent haste" at the first signs of currency devaluation. Soros replied, saying that Mahathir was using him "as a scapegoat for his own mistakes", that Mahathir's promises to ban currency trading (which Malaysian finance officials hastily retracted) were "a recipe for disaster" and that Mahathir "is a menace to his own country".

In an interview regarding the late-2000s recession, Soros referred to it as the most serious crisis since the 1930s. According to Soros, market fundamentalism with its assumption that markets will correct themselves with no need for government intervention in financial affairs has been "some kind of an ideological excess". In Soros' view, the markets' moods – a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality – "actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles".

In reaction to the late-2000s recession, he founded the Institute for New Economic Thinking in October 2009. This is a think tank composed of international economic, business and financial experts, mandated to investigate radical new approaches to organising the international economic and financial system.

Views on antisemitism

At a Jewish forum in New York City, November 5, 2003, Soros partially attributed a recent resurgence of antisemitism to the policies of Israel and the United States, and the role of wealthy and influential individuals:

There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It's not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well. I'm critical of those policies... If we change that direction, then anti-Semitism also will diminish. I can't see how one could confront it directly... I'm also very concerned about my own role because the new anti-Semitism holds that the Jews rule the world... As an unintended consequence of my actions... I also contribute to that image.

In a subsequent article for ''The New York Review of Books'', Soros emphasized that

I do not subscribe to the myths propagated by enemies of Israel and I am not blaming Jews for anti-Semitism. Anti-Semitism predates the birth of Israel. Neither Israel's policies nor the critics of those policies should be held responsible for anti-Semitism. At the same time, I do believe that attitudes toward Israel are influenced by Israel's policies, and attitudes toward the Jewish community are influenced by the pro-Israel lobby's success in suppressing divergent views.

Views on China

Soros has expressed concern about the growth of Chinese economic and political power. "China has risen very rapidly by looking out for its own interests ... They have now got to accept responsibility for world order and the interests of other people as well." Regarding the political gridlock in America, he said, "Today China has not only a more vigorous economy, but actually a better functioning government than the United States".

Wealth

In 2010, ''Forbes'' lists Soros as the Forbes list of billionaires 35th richest person in the world, and the 14th richest person in America, with a net worth estimated at $14.2 billion. Soros has given away $7 billion to various causes since 1979.

Relation to Hungarian politics

In the 1980s Viktor Orbán, Chairman of Fidesz (1994–2000, 2000–) and Prime Minister (1998–2002, 2010–) and László Kövér, Chairman of Fidesz (2000), Secret Service Minister (1998–2002) and Speaker of the National Assembly of Hungary (2010–), were Soros scholarship recipients. Furthermore the Orban cabinet's Deputy Prime Minister István Stumpf – now member of the Constitutional Court – was a member of the Soros Foundation's Board of Trustees between 1994 and 2002.

See also

George Soros conspiracy theories

Books

Authored or co-authored

''The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means'' (PublicAffairs, 2008). ISBN 1-58648-683-7

''The Age of Fallibility: Consequences of the War on Terror'' (PublicAffairs, 2006) ISBN 1-58648-359-5

''The Bubble of American Supremacy: Correcting the Misuse of American Power'' (PublicAffairs, 2003) ISBN 1-58648-217-3 (paperback; PublicAffairs, 2004; ISBN 1-58648-292-0)

''George Soros on Globalization'' (PublicAffairs, 2002) ISBN 1-58648-125-8 (paperback; PublicAffairs, 2005; ISBN 1-52648-278-5)

''Open Society: Reforming Global Capitalism'' (PublicAffairs, 2001) ISBN 1-58648-039-7

With Mark Amadeus Notturno, ''Science and the Open Society: The Future of Karl Popper's Philosophy'' (Central European University Press, 2000) ISBN 963-9116-69-6 (paperback: Central European University Press, 2000; ISBN 943-9116-70-X)

''The Crisis of Global Capitalism: Open Society Endangered'' (PublicAffairs, 1998) ISBN 1-891220-27-4

''Soros on Soros: Staying Ahead of the Curve'' (John Wiley, 1995) ISBN 0-471-12014-6 (paperback; Wiley, 1995; ISBN 0-371-11977-6)

''Underwriting Democracy: Encouraging Free Enterprise and Democratic Reform Among the Soviets and in Eastern Europe'' (Free Press, 1991) ISBN 0-02-930285-4 (paperback; PublicAffairs, 2004; ISBN 1-58948-227-0)

''Opening the Soviet System'' (Weidenfeld & Nicolson, 1990) ISBN 0-297-82155-9 (paperback: Perseus Books, 1996; ISBN 0-8133-1205-1)

''The Alchemy of Finance'' (Simon & Schuster, 1988) ISBN 0-671-66338-4 (paperback: Wiley, 2003; ISBN 0-471-44549-5)

Biographies

''Soros: The Life and Times of a Messianic Billionaire'' by Michael T. Kaufman (Alfred A. Knopf, 2002) ISBN 0-375-40585-2

''Soros: The World's Most Influential Investor'' by Robert Slater (McGraw-Hill Professional, 2009) ISBN 978-0-07-160844-2

Journalism

Authored

George Soros, "Why I support legal marijuana", ''The Wall Street Journal'', October 26, 2010.

George Soros, "The Crisis and the Euro", ''The New York Review of Books'', August 19, 2010.

George Soros, "On Israel, America and AIPAC", ''The New York Review of Books'', April 12, 2007.

George Soros, "The Bubble of American Supremacy", ''The Atlantic'', December 2003.

George Soros, ''The Bubble of American Supremacy'', audio recording of ''The Atlantic'' article via ''Assistive Media'', read by Grover Gardner, 18 minutes.

George Soros, "Soros on Brazil", ''Financial Times'', August 13, 2002.

George Soros, "Bitter Thoughts with Faith in Russia", ''Moskovskiye Novosti'' (''Moscow News''), translated from the Russian by Olga Kryazheva, February 27, 2000.

George Soros, "The Capitalist Threat", ''The Atlantic Monthly'', February 1997.

George Soros, "Paulson Cannot be Allowed a Blank Cheque", ''Financial Times'', September 24, 2008

About

Stephen Adams "Furious George" on Citizen – Family Issues in Policy and Culture

John Authors, Book Review, "A successful prophet of the markets," Financial Times, May 19, 2008.

Laura Blumenfeld, ''Billionaire Soros Takes On Bush'', MSNBC, November 11, 2003

Connie Bruck, Abstract of New Yorker profile of Soros "The World According to Soros", The New Yorker, January 23, 1995

Neil Clark Analysis of Soros' role in Eastern Europe from "New Statesman"

Malcolm Gladwell, "Blowing Up," The New Yorker, April 22 & 29, 2002, at gladwell.com.

John Horvath The Soros Effect on Central and Eastern Europe

Matt Welch, ''Open Season on 'Open Society': Why an anti-communist Holocaust survivor is being demonized as a Socialist, Self-hating Jew'' Reason magazine, December 8, 2003

Martin Peretz, "Tyran-a-Soros: The Madness of King George," The New Republic, February 12, 2007.

TIME's 25 Most Influential Americans, TIME Magazine April 21, 1997. Accessed May 21, 2007.

The TIME 100, The Power Givers, George Soros, TIME Magazine May 14, 2007 accessed May 21, 2007.

Scholarly perspectives

Speeches

Testimony of George Soros to a congressional sub-committee, Sept. 15, 1998

The Theory of Reflexivity Delivered April 26, 1994 to the MIT Department of Economics World Economy

"The Differences Between Natural and Social Science: Implications of Fallibility" at IISc Bangalore, January 5, 2007

Testimony before the U.S. Senate Commerce Committee Oversight Hearing on FTC Advanced Rulemaking and Oil Market Manipulation

Interviews

Fareed Zakaria discussing economic crisis with George Soros on GPS

The Leonard Lopate Show (WNYC) – Audio Archive: "George Soros on Freedom"

frontline: the crash: interviews: george soros

George Soros Interview On 60 Minutes

Wall $treet Week with FORTUNE . TV Program | PBS

Challenge: The international financial crisis – International ...

NOW with Bill Moyers. Transcript. David Brancaccio interviews ...

Booknotes with Brian Lamb. Transcript and streaming video.

Rocketboom: The Age of Fallibility (Video, 2006)

Google Video: Eric Schmidt, CEO of Google interviews George Soros (Video, 2006)

Fox News Interview with Neil Cavuto, October 11, 2006 Video and text, accessed May 25, 2007.

Interview with George Soros, September 5, 2000

Notes

External links

Open Society Institute and Soros Foundations Network

Institute for New Economic Thinking

Column archives at Project Syndicate

Column archives at ''The New York Review of Books''

Soros Fund Management 13F filing and Portfolio Activities

List of articles and speeches by and about George Soros

George Soros' Political Campaign Contributions

Forbes.com: Forbes 400 Richest in America

George Soros in SEC Filings

The Money Man – New Yorker

In depth review of The New Paradigm

Why Does Soros Bite Hand That Feeds Him? in Investor's Business Daily

Category:1930 births Category:Alumni of the London School of Economics Category:American billionaires Category:American investors Category:American money managers Category:American people of Hungarian-Jewish descent Category:American philanthropists Category:Central European University Category:Drug policy reform activists Category:Framing theorists Category:Hedge fund managers Category:Hungarian emigrants to the United States Category:Hungarian people of Jewish descent Category:Living people Category:Native Esperanto speakers Category:Naturalized citizens of the United States Category:People convicted of insider trading Category:People from Budapest Category:Recipients of the Order of the Cross of Terra Mariana, 1st Class Category:Stock and commodity market managers Category:Stock traders Category:Currency traders

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name	Zalmay Khalilzad
order	26th
ambassador from	United States
country	the United Nations
term start	17 April 2007
term end	20 January 2009
president	George W. Bush
predecessor	Alejandro Daniel Wolff
successor	Susan Rice
ambassador from2	United States
country2	Iraq
term start2	2005
term end2	April 17, 2007
president2	George W. Bush
predecessor2	John Negroponte
successor2	Ryan Crocker
ambassador from3	United States
country3	Afghanistan
term start3	2003
term end3	2005
president3	George W. Bush
predecessor3	Robert Finn
successor3	Ronald E. Neumann
birth date	March 22, 1951
birth place	Mazari Sharif, Afghanistan
religion	Islam
spouse	Cheryl Benard
children	Alexander BenardMaximilian Benard
party	Republican
alma mater	American University of BeirutUniversity of Chicago
profession	Academic and Diplomat
footnotes	}}

Zalmay Mamozy Khalilzad (Pashto: زلمی خلیلزاد - ''Zalmay Khalīlzād'') (born: 22 March 1951) is a counselor at the Center for Strategic and International Studies (CSIS) and president of Khalilzad Associates, an international business consulting firm based in Washington, DC. He was the United States Ambassador to the United Nations under President George W. Bush. He has been involved with U.S. policy makers at the White House, State Department and Pentagon since the mid-1980s, and was the highest-ranking Muslim American in the Administration of U.S. President George W. Bush. Khalilzad's previous assignments in the Administration include U.S. Ambassador to Afghanistan, U.S. Ambassador to Iraq and United States Permanent Representative to the United Nations.

Early history and personal life

Born in the city of Mazar-i-Sharif in northern Afghanistan to a Sunni Pashtun father and his wife, Zahra. Khalilzad's parents originated from Laghman Province of Afghanistan, and the family moved to Mazar-i-Sharif when his father was a government official under the monarchy of Mohammed Zahir Shah. Khalilzad describes himself as an ethnic Pashtun, and is fluent in English, Pashto, Dari (Persian) and Arabic languages. Khalilzad began his education at the public ''Ghazi Lycée'' school in Kabul. He first spent time in the United States as a Ceres, California high school exchange student with AFS Intercultural Programs. Later, he attained his bachelor's and master's degrees from the American University of Beirut in Lebanon. Khalilzad received his Ph.D at the University of Chicago, where he studied closely with strategic thinker Albert Wohlstetter, a prominent nuclear deterrence thinker and strategist, who provided Zalmay with contacts in the government and with RAND.

Khalilzad is married to author and political analyst Cheryl Benard, whom he met in 1972 when they were both students at the American University of Beirut in Lebanon. They have two children, Alexander and Maximilian.

Career history

Presently, Khalilzad serves as the President of Khalilzad Associates, LLC an "international advisory firm that serves clients at the nexus of commerce and public policies, helping global businesses navigate the most promising and challenging international markets." Khalilzad Associates and its parent company Gryphon Capital Partners counts among its clients international and US companies, which are primarily interested in doing business in Iraq and Afghanistan. According to Khalilzad, these include companies in the sectors of energy, construction, education, and infrastructure.

Khalilzad also currently serves as a Counselor at the Center for Strategic International Studies (CSIS) and sits on the Boards of the National Endowment for Democracy (NED), America Abroad Media (AAM), the RAND Corporation's Middle East Studies Center, the American University of Iraq in Suleymania (AUIS), and the American University of Afghanistan (AUAF).

From 1979 to 1989, Khalilzad worked as an Assistant Professor of Political Science at Columbia University's School of International and Public Affairs. During that time, he worked closely with Zbigniew Brzezinski, the Carter Administration's architect of the policy supporting the mujahideen resistance to the Soviet Union's invasion of Afghanistan. (See also: Operation Cyclone.)

In 1984, Khalilzad accepted a one-year Council on Foreign Relations fellowship to join the State Department, where he was an advisor to the Near East and South Asia Bureau headed by Richard Murphy. From 1985 to 1989, Khalilzad served in President Ronald Reagan's Administration as a senior State Department official advising on the Soviet war in Afghanistan and the Iran–Iraq War. During this time, he was a member of the policy planning staff and the State Department's Special Advisor on Afghanistan to Undersecretary of State Michael H. Armacost. In this role, he developed and guided the international program to promote the merits of a Mujahideen-led Afghanistan to oust the Soviet occupation. From 1990-1992, Khalilzad served under President George H. W. Bush in the Defense Department as Deputy Undersecretary for Policy Planning.

Between 1993 and 2000, Khalilzad was the Director of the Strategy, Doctrine, and Force Structure at the RAND Corporation. During this time, he helped found RAND's Center for Middle Eastern Studies as well as "Strategic Appraisal," a periodic RAND publication. He also authored several influential monographs, including "The United States and a Rising China" and "From Containment to Global Leadership? America and the World After the Cold War." While at RAND, Khalilzad also had a brief stint consulting for Cambridge Energy Research Associates, which at the time was conducting a risk analysis for Unocal, now part of Chevron, for a proposed 1,400 km (890 mile), $2-billion, 622 m³/s (22,000 ft³/s) Trans-Afghanistan gas pipeline project which would have extended from Turkmenistan to Afghanistan and further proceeding to Pakistan. As one of the original members of Project for the New American Century, Khalilzad was a signatory of the letter to President Bill Clinton sent on January 26, 1998, which called for him to accept the aim of "removing Saddam Hussein and his regime from power" using "a full complement of diplomatic, political and military efforts."

United States Ambassador to Afghanistan

In 2001, President George W. Bush asked Khalilzad to head the Bush-Cheney transition team for the Department of Defense and Khalilzad briefly served as Counselor to Secretary of Defense Donald Rumsfeld. In May 2001, National Security Advisor Condoleezza Rice announced Khalilzad's appointment as Special Assistant to the President and Senior Director for Southwest Asia, Near East, and North African Affairs at the National Security Council. In December 2002 the President appointed Khalilzad to the position of Ambassador at Large for Free Iraqis with the task of coordinating "preparations for a post-Saddam Hussein Iraq."

After the terrorist attacks of 9/11, President Bush came to rely on Khalilzad's Afghanistan expertise. Khalilzad was involved in the early stages of planning to overthrow the Taliban and on December 31, 2001 was selected as Bush's Special Presidential Envoy for Afghanistan. He served in that position until November 2003, when he was appointed to serve as U.S. Ambassador to Afghanistan.

Khalilzad held the position of U.S. Ambassador to Afghanistan from November 2003 until June 2005. During this time, he oversaw the drafting of Afghanistan's constitution, was involved with the country's first elections, and helped to organize the first meeting of Afghanistan's parliament (the Loya Jirga). At the June, 2002, Loya Jirga to select the Head of State, representatives of the US convinced the former king of Afghanistan, 87-year old Zahir Shah, to withdraw from consideration, even though a majority of Loya Jirga delegates supported him, a move which angered Pashtuns who were concerned with the disproportionate power of the Northern Alliance in the Karzai government. During Khalilzad's tenure as ambassador, Afghan President Hamid Karzai consulted closely with him on a regular basis about political decisions and the two dined together regularly. During 2004 and 2005 he was also involved in helping with the establishment of the American University of Afghanistan (AUAF), which is the first American-style higher learning educational institution in Afghanistan.

U.S. Ambassador to Iraq

Khalilzad began his job as U.S. Ambassador to Iraq on June 21, 2005. He was credited for helping negotiate compromises which allowed the ratification of Iraq's Constitution in October 2005. Khalilzad also worked to ensure that the December 2005 elections ran smoothly and played a substantial role in forming the first post-Saddam government. Khalilzad also helped establish the American University of Iraq in Sulaimaniya and sits on its board of regents.

In comparison to his predecessors Paul Bremer and John Negroponte in Baghdad, Khalilzad was considered a success as US Ambassador and credited with bringing a cultural sophistication and human touch to the job that helped connect with Iraqis. Khalilzad was one of the first high-level Administration officials to warn that sectarian violence was overtaking the insurgency as the number one threat to Iraq's stability. After the Al Askari shrine bombing, in February 2006, he warned that spreading sectarian violence might lead to civil war — and possibly even a broader conflict involving neighboring countries. Khalilzad sought political solutions to the problem of sectarianism, in particular working to integrate the balance of power between Iraq's three main ethic groups in order to head off growing Sunni violence.

Khalilzad's term as Ambassador to Iraq ended on March 26, 2007. He was replaced by Ryan Crocker, a career diplomat who was serving as Ambassador to Pakistan previously.

U.S. Ambassador to the United Nations

: ''Further information: United States Ambassador to the United Nations''. On 12 February 2007, the White House submitted Khalilzad's nomination to the Senate to become U.S. Ambassador to the United Nations. He was confirmed by the Democratic-controlled U.S. Senate on March 29, 2007 by a unanimous voice vote. This marked a strong contrast to Khalilzad's predecessor, John R. Bolton, whose often controversial rhetoric caused him to fail to be confirmed by the United States Senate resulting in a recess appointment. Colleagues at the UN noted that Khalilzad has a different, more reconciling style than Bolton's.

In November 2007, Khalilzad charged that Iran is helping the insurgent groups in Afghanistan and Iraq. He also told the media, soon after the International Atomic Energy Agency (IAEA) released its report on Iran, that the Iranian government is clearly going ahead with its nuclear program. Khalilzad explained that the United States will try to pass another resolution in the U.N. Security Council under Chapter 7, to impose additional sanctions on Iran.

Khalilzad, along with most U.S. politicians, supported Kosovo's independence.

In August 2008, he urged the UN Security Council to "take urgent action" and "condemn Russia's military assault on the sovereign state of Georgia," in addition to stating that Russian Foreign Minister Sergey Lavrov had told Secretary of State Rice that Georgian president Mikheil Saakashvili "must go."

Writing on U.S. leadership

Khalilzad wrote several articles on the subject of the value of U.S. global leadership in the mid-1990s. The specific scenarios for conflict he envisioned in the case of a decline in American power have made his writings extremely popular in the world of competitive high school and college policy debate, particularly his writing linking the loss of United States hegemony to global instability.

References

External links

;Articles

The Washington Post - Afghan Roots Keep Adviser Firmly in the Inner Circle

US Mission to the UN - United States Ambassadors to the United Nations

Current Biography August 2006 cover story

The New Yorker - American Viceroy

RFE/RL interview with Zalmay Khalilzad (May 18, 2007)

Zalmay.com, a profile view

Profile: Khalilzad, The Center for Cooperative Research

Video: Khalilzad discusses Iraq, Afghanistan and the Middle East

Category:1951 births Category:Living people Category:People from Mazar-i-Sharif Category:American people of Afghan descent Category:American University of Beirut alumni Category:Columbia University faculty Category:Afghan emigrants to the United States Category:Naturalized citizens of the United States Category:Pashtun people Category:RAND Corporation people Category:Afghan Muslims Category:American Muslims Category:United States ambassadors to Afghanistan Category:United States ambassadors to Iraq Category:Permanent Representatives of the United States to the United Nations Category:University of Chicago alumni Category:Presidents of the United Nations Security Council Category:Reagan Administration personnel Category:George W. Bush Administration personnel Category:United States National Security Council staffers

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