Left Strangely Silent on Petrobras Monday, June 21, 2010 By Glenn Beck

Left Strangely Silent on Petrobras Monday, June 21, 2010 By Glenn Beck   All I could think about this weekend was one word: Halliburton. Everyone in the universe knows what Halliburton is. It's Dick Cheney's evil oil company. Yup, George W. Bush and Dick Cheney, they're just puppets of the big oil companies like Halliburton. So, getting in bed with Big Oil is a touchy subject with the left. They won't stand for anyone with any sort of a connection with an oil company. Oil is evil! Yet no one knows the word "Petrobras." Suddenly the left's concerns with politicians and Big Oil seem to have dissipated. But you've heard George Soros' name before. He's the billionaire progressive activist who doesn't mind throwing his money around. His seemingly unending quest for big government control is kind of strange, considering he was born in Budapest, Hungary and his dad was a Hungarian Jew who was a prisoner of war in World War I. Soros eventually found his way to New York City in 1956 and, by 1970, had set up his hedge funds that would make his fortune. Yet he spends millions of that fortune on things like a progressive blog site called Media Matters, where bloggers earn six-figure salaries to sit around and distort conservatives' words all day long. Soros started the Open Society Institute (which seeks "fairness" and "justice") and the Tides Foundation, which among its many classics created the anti-capitalist "Story of Stuff" indoctrination video that was shown in schools across America. Soros is globalist and is one of those power players trying to establish a new world financial order: (BEGIN VIDEO CLIP) GEORGE SOROS, BILLIONAIRE INVESTOR: You really need to bring China into the creation of a new — world order, a financial world order.... So I think you need a new world order that China has to be part of the process of creating it. (END VIDEO CLIP) He's also doing his best to implement the Cloward and Piven strategy of collapsing the system, so that a new one can replace it: (BEGIN VIDEO CLIP) SOROS: I believe that basically the system is broke and needs to be reconstituted.... The system we have now has actually broken down, only we haven't quite recognized it and so you need to create a new one and this is the time to do it. (END VIDEO CLIP) He's pointed out the "bankruptcy" of market fundamentalists: (BEGIN VIDEO CLIP) SOROS: I mean, it is effectively a bankruptcy — of the — of this market fundamentalist belief, which really came in with Reagan and Thatcher. Now, Reagan is still in the panoply of — of saints in — in this country. And — and we — we just have to recognize that we — something went very wrong and we need to reformulate our view of what — how financial markets work. (END VIDEO CLIP) But perhaps his most effective creation is the Center for American Progress. When the group formed in 2003, he promised $3 million, but that number could be higher as Soros admits to spending $500 million a year on his various foundations. Back in 2003, Democrats were floundering and on the verge of irrelevance. They needed an "intellectual coup" just like the conservative Heritage Foundation achieved in the '80s. Center for American Progress provided just that; it's a progressive policy think tank that believes in "government that champions the common good over narrow self-interest" and they have heavy influence on this administration. Bloomberg reported that the Center for American Progress "helped build the platform that triumphed in the 2008 campaign" and Time Magazine noted that "not since the Heritage Foundation helped guide Ronald Reagan's transition in 1981 has a single outside group held so much sway." At the head of Obama's transition team was John Podesta. He's also the founder of Center for American Progress, a former Clinton administration official and the guy who not only laid out the plan for how the Obama team would be put together, he staffed the senior levels of the White House, Cabinet members and the top layer at government agencies. With that kind of influence — and we'll show you more evidence of that influence coming up — it's important to look at what Soros is investing in. Could there possibly be any, what do they call them, conflicts of interest? Through his Soros Fund Management hedge fund, Soros is heavily invested in many different things. But one that caught my attention (and seemingly no one else's) recently is Petrobras. What is that? It's Brazil's state-controlled oil behemoth. It's Brazil's version of Big Oil. They've netted $15 billion in profits during the last year. As of March 31 this year, SEC filings show Soros Fund has $637 million vested in Petrobras. Last December, the fund had $900 million invested in the company, making Petrobras one of its two largest stakes. What did Soros see in these guys that the rest of the world didn't? Is he just that much smarter than everyone else? Or is it possible because of Center for American Progress and all the other connections Soros has at the White House, he knew that the administration would be making a $2 billion "preliminary commitment" to Petrobras for "exploration," just days after he strengthened his investment? Or was that just another one of those bad luck situations for Obama? Because it certainly doesn't seem to pass the smell test: A billionaire investor dumps money into state-controlled Brazilian oil company and days later administration dumps $2 billion dollars into the same exact company? Now the administration is crippling the American competitors and the biggest winner in this is Petrobras. Mind you, this is a multi-billion dollar company that rakes in tens of billions in profits each year. Why in the world would these guys need a loan? And why are we investing in another country's offshore drilling while banning ours? — Watch "Glenn Beck" weekdays at 5 p.m. ET on Fox News Channel Carl Ray Louk "FRIENDSHIP NEVER ENDS" SG-1996 "LET LOVE LEAD THE WAY" SG-2000 "THE PHOENIX SHALL RISE" SD "EVEN A MAN WHO IS PURE IN HEART AND SAYS HIS PRAYERS BY NIGHT, MAY BECOME A WOLF WHEN THE WOLFBANE BLOOMS AND THE AUTUMN MOON IS BRIGHT." LT-1941 "FLESH OF MY FLESH; BLOOD OF MY BLOOD; KIN OF MY KIN WHEN SAY COME TO YOU, YOU SHALL CROSS LAND OR SEA TO DO MY BIDDING!" 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