A new report highlights how billionaires including Elon Musk and George Soros are emerging as major financial forces in the U.S. election campaign landscape. Political fundraising is surging to record levels, with Republicans reportedly leading the cash race as spending intensifies ahead of polls. The growing influence of ultra-wealthy donors is reshaping campaign strategies, raising fresh debates about money, power, and political influence in American democracy.


Musk & Soros Among Election's Biggest Money Players

Donald Trump has threatened a racketeering investigation into billionaire George Soros, accusing him of funding violent protests across the U.S.


Trump threatens to invoke Rico act against Soros & his family

Fresh from the high of the first Republican primary debate last month,&nbsp;presidential nomination hopeful Vivek Ramaswamy was given a stark reality check during an interview with&nbsp;MSNBC host Mehdi Hasan. Asked to explain his own words about Donald Trump's "abhorrent" behaviour that made him a "danger to democracy", Ramaswamy tip-toed around the question, only to be called out on national TV by the host.&nbsp;

Hasan referred to Ramswamy's January 12, 2021 post on X (formerly known as Twitter), six days after the events of the US Capitol Hill riots where the GOP leader attacked Trump and&nbsp;wrote:&nbsp;“What Trump did last week was wrong. Downright abhorrent. Plain and simple."

Using Ramswamy's words as the departure point, Hasan asked, “Is Donald Trump, as you say now, the best president of the 21st century...Or is Trump, as you’ve said in the past, in your books, on Twitter, a ‘sore loser’, who is a ‘danger to democracy’, and who did ‘downright abhorrent’ and egregious things on January 6’? Which one is he, Vivek?”

Hasan was referring to Ramaswamy's statement from the debate last month wherein he&nbsp;dubbed Trump as the best president of the 21st century.&nbsp;

Replying to Hasan's question, a visibly agitated Ramswamy said Trump was the best president of the 21st century, and that he “would have made the same judgments that he has made every step of the way”.

Hasan interjected and said:&nbsp;“You say he behaved in downright abhorrent behaviour that makes him a danger to democracy. Downright.”

<a href="https://www.wionews.com/world/vivek-ramaswamy-vows-to-pardon-january-6-protesters-633128">Also read |&nbsp;Vivek Ramaswamy 'vows' to pardon January 6 protesters</a>

While Ramswamy pointed to a Wall Street column, suggesting&nbsp;“censorship was the real cause of what happened on January 6”, Hasan stayed on the question:&nbsp;“What did Donald Trump do that in your view was downright abhorrent? Second time I’ve asked that.”

“The thing that I would have done differently if I were in his shoes, I would have declared re-election on January 7," Ramaswamy replied.&nbsp;

Hasan said: “That’s not what I asked, Vivek. What did Trump do that was egregious, quote, ‘downright abhorrent’ and a danger to democracy? Can you just explain to our viewers your words?”

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“That’s not what I asked!” Once again, Vivek Ramaswamy dodges and weaves and refuses to answer the question. Mehdi Hasan hits him hard. (Video: MSNBC) <a href="https://t.co/yAPyrMXChU">pic.twitter.com/yAPyrMXChU</a>
— Mike Sington (@MikeSington) <a href="https://twitter.com/MikeSington/status/1699560620616728631?ref_src=twsrc%5Etfw">September 6, 2023</a></blockquote>
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<a href="https://www.wionews.com/videos/vivek-ramaswamy-i-want-to-revive-our-nations-patriotism-and-pride-613452">Watch |&nbsp;Vivek Ramaswamy: I want to revive our nation's patriotism and pride</a>

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<h2>Ramaswamy's Soros connection</h2>

In another part of the interview, Hasan ripped into Ramaswamy for the $50,000 scholarship the GOP leader took from the Soros family to study at Yale Law School at the age of 24.

Ramaswamy on multiple platforms previously claimed he had no money for admission. However, Hasan pulled his tax records and said the Republican had "already made over a million dollars at the time".&nbsp;

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Me: "Did you not make 750,000 dollars?" 
Vivek Ramaswamy: "Not at the time I had applied for the [Soros] scholarship." 
Me: "Yes you did Vivek. This is awkward for you because you did. I've got the tax returns in front of my face."<a href="https://twitter.com/hashtag/receipts?src=hash&amp;ref_src=twsrc%5Etfw">#receipts</a> 
 
New clip 😉👇🏽<a href="https://t.co/xkFSwIeCne">pic.twitter.com/xkFSwIeCne</a>
— Mehdi Hasan (@mehdirhasan) <a href="https://twitter.com/mehdirhasan/status/1699782281748197506?ref_src=twsrc%5Etfw">September 7, 2023</a></blockquote>
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To which, Ramaswamy replied: "My question for you is: why on earth are you, as an intelligent person interested in politics, obsessing over a 24-year-old's $50,000 scholarship?&nbsp;It would seem beneath you."

"I think it's pathetic. I think it's sad and pathetic that we have important issues to talk about, for the future of the country. And you're talking about a $50,000 scholarship in 2010 to go to Yale Law School when I was 24," he added.&nbsp;

(With inputs from agencies)

WATCH WION LIVE HERE:&nbsp;

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Fresh from the high of the first Republican primary debate last month, presidential nomination hopeful Vivek Ramaswamy was given a stark reality check during an interview with MSNBC host Mehdi Hasan.

Fresh from the high of the first Republican primary debate last month, presidential nomination hopeful Vivek Ramaswamy was given a stark reality check during an interview with MSNBC host Mehdi Hasan. Asked to explain his own words about Donald Trump's "abhorrent" behaviour that made him a "danger to democracy", Ramaswamy tip-toed around the question, only to be called out on national TV by the host. Hasan referred to Ramswamy's January 12, 2021 post on X (formerly known as Twitter), six days after the events of the US Capitol Hill riots where the GOP leader attacked Trump and wrote: “What Trump did last week was wrong. Downright abhorrent. Plain and simple." Using Ramswamy's words as the departure point, Hasan asked, “Is Donald Trump, as you say now, the best president of the 21st century...Or is Trump, as you’ve said in the past, in your books, on Twitter, a ‘sore loser’, who is a ‘danger to democracy’, and who did ‘downright abhorrent’ and egregious things on January 6’? Which one is he, Vivek?” Hasan was referring to Ramaswamy's statement from the debate last month wherein he dubbed Trump as the best president of the 21st century. Replying to Hasan's question, a visibly agitated Ramswamy said Trump was the best president of the 21st century, and that he “would have made the same judgments that he has made every step of the way”. Hasan interjected and said: “You say he behaved in downright abhorrent behaviour that makes him a danger to democracy. Downright.” Also read | Vivek Ramaswamy 'vows' to pardon January 6 protesters While Ramswamy pointed to a Wall Street column, suggesting “censorship was the real cause of what happened on January 6”, Hasan stayed on the question: “What did Donald Trump do that in your view was downright abhorrent? Second time I’ve asked that.” “The thing that I would have done differently if I were in his shoes, I would have declared re-election on January 7," Ramaswamy replied. Hasan said: “That’s not what I asked, Vivek. What did Trump do that was egregious, quote, ‘downright abhorrent’ and a danger to democracy? Can you just explain to our viewers your words?” “That’s not what I asked!” Once again, Vivek Ramaswamy dodges and weaves and refuses to answer the question. Mehdi Hasan hits him hard. (Video: MSNBC) pic.twitter.com/yAPyrMXChU — Mike Sington (@MikeSington) September 6, 2023 × Watch | Vivek Ramaswamy: I want to revive our nation's patriotism and pride Ramaswamy's Soros connection In another part of the interview, Hasan ripped into Ramaswamy for the $50,000 scholarship the GOP leader took from the Soros family to study at Yale Law School at the age of 24. Ramaswamy on multiple platforms previously claimed he had no money for admission. However, Hasan pulled his tax records and said the Republican had "already made over a million dollars at the time". Me: "Did you not make 750,000 dollars?" Vivek Ramaswamy: "Not at the time I had applied for the [Soros] scholarship." Me: "Yes you did Vivek. This is awkward for you because you did. I've got the tax returns in front of my face."#receipts New clip 😉👇🏽pic.twitter.com/xkFSwIeCne — Mehdi Hasan (@mehdirhasan) September 7, 2023 × To which, Ramaswamy replied: "My question for you is: why on earth are you, as an intelligent person interested in politics, obsessing over a 24-year-old's $50,000 scholarship? It would seem beneath you." "I think it's pathetic. I think it's sad and pathetic that we have important issues to talk about, for the future of the country. And you're talking about a $50,000 scholarship in 2010 to go to Yale Law School when I was 24," he added. (With inputs from agencies) WATCH WION LIVE HERE:

Watch | Vivek Ramaswamy rattled after being quizzed about Trump criticism and Soros funding

George Soros, the billionaire who earned fame by betting against the Pound in 1992, said that a British vote on Thursday to leave the European Union (EU) would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday. 
 
Soros used Quantum Fund in 1992 to bet successfully that sterling was overvalued against the Deutsche Mark, forcing then-Prime Minister John Major to pull the Pound out of the European Exchange Rate Mechanism (ERM). 
 
Soros, in an opinion piece in the Guardian newspaper, said that in the event of a BREXIT, the Pound would fall by at least 15 per cent, and possibly more than 20 per cent, to below $1.15 from its current level of around $1.46. 
 
&quot;The value of the Pound would decline precipitously. It would also have an immediate and dramatic impact on financial markets, investment, prices and jobs,&quot; Soros, who is 85, said in the Guardian. 
 
&quot;I would expect this devaluation to be bigger and also more disruptive than the 15 per cent devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors.&quot; 
 
Soros, ranked as the world&#39;s 23rd richest person by Forbes magazine with a fortune of $24.9 billion, said the Bank of England would not cut rates after a BREXIT and that there would be few monetary policy tools left to ease a recession or a fall in British house prices. 
 
He also pointed to the &quot;very large&quot; current account deficit in the United Kingdom and said a post-BREXIT devaluation would be unlikely to improve manufacturing as trading conditions would be too uncertain to undertake new investments or hire workers. 
 
Hungarian-born Soros said the scale of the sterling devaluation would compare with 1967, when then-Prime Minister Harold Wilson devalued the pound to $2.40 from $2.80. 
 
Speculators, Soros said, would be eager to exploit a BREXIT situation to profit. 
 
&quot;Today, there are speculative forces in the markets much bigger and more powerful. And they will be eager to exploit any miscalculations by the British government or British voters,&quot; Soros said. 
 
&quot;BREXIT would make some people very rich &ndash; but most voters considerably poorer,&quot; Soros said. 
 
BREXIT WORRY 
 
Members of Britain&#39;s Leave campaign say some bankers, big companies and politicians are trying to scare British voters with overblown warnings about the financial and economic impact of a BREXIT. 
 
Justice Secretary Michael Gove, one of the leading members of the Vote Leave campaign, dismissed Soros&#39;s warning, saying that the billionaire had advocated British membership of the euro zone. 
 
&quot;The truth is that economic forecasters like George Soros have got things wrong in the past. They were the people who argued that we should join the single currency, the single currency as you know has brought economic misery,&quot; Gove told BBC radio. 
 
Opponents of EU membership say Britain could prosper if it cut itself free from what they portray as a doomed German-dominated project in excessive debt-funded welfare spending. 
 
The world&#39;s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain&#39;s referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of a century. 
 
A vote to leave the EU on June 23 would spook investors by undermining post-World War II attempts at European integration and placing a question mark over the future of the United Kingdom and its $2.9 trillion economy. 
 
Citi, Deutsche Bank, JPMorgan, Goldman Sachs, HSBC, Barclays, Royal Bank of Scotland and Lloyds are among those banks planning to have senior staff and traders working or on call in London as results start to dribble in after polls close at 2100 GMT, according to sources. 
 
&quot;British voters are now grossly underestimating the true costs of Brexit,&quot; Soros said. &quot;Too many believe that a vote to leave the EU will have no effect on their personal financial position. This is wishful thinking.&quot; 
 
(Reuters)

Soros, world's 23rd richest man who earned fame and fortune by betting against the Pound in 1992, says Brexit will make most voters 'poorer'

George Soros, the billionaire who earned fame by betting against the Pound in 1992, said that a British vote on Thursday to leave the European Union (EU) would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday. Soros used Quantum Fund in 1992 to bet successfully that sterling was overvalued against the Deutsche Mark, forcing then-Prime Minister John Major to pull the Pound out of the European Exchange Rate Mechanism (ERM). Soros, in an opinion piece in the Guardian newspaper, said that in the event of a BREXIT, the Pound would fall by at least 15 per cent, and possibly more than 20 per cent, to below $1.15 from its current level of around $1.46. "The value of the Pound would decline precipitously. It would also have an immediate and dramatic impact on financial markets, investment, prices and jobs," Soros, who is 85, said in the Guardian. "I would expect this devaluation to be bigger and also more disruptive than the 15 per cent devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors." Soros, ranked as the world's 23rd richest person by Forbes magazine with a fortune of $24.9 billion, said the Bank of England would not cut rates after a BREXIT and that there would be few monetary policy tools left to ease a recession or a fall in British house prices. He also pointed to the "very large" current account deficit in the United Kingdom and said a post-BREXIT devaluation would be unlikely to improve manufacturing as trading conditions would be too uncertain to undertake new investments or hire workers. Hungarian-born Soros said the scale of the sterling devaluation would compare with 1967, when then-Prime Minister Harold Wilson devalued the pound to $2.40 from $2.80. Speculators, Soros said, would be eager to exploit a BREXIT situation to profit. "Today, there are speculative forces in the markets much bigger and more powerful. And they will be eager to exploit any miscalculations by the British government or British voters," Soros said. "BREXIT would make some people very rich – but most voters considerably poorer," Soros said. BREXIT WORRY Members of Britain's Leave campaign say some bankers, big companies and politicians are trying to scare British voters with overblown warnings about the financial and economic impact of a BREXIT. Justice Secretary Michael Gove, one of the leading members of the Vote Leave campaign, dismissed Soros's warning, saying that the billionaire had advocated British membership of the euro zone. "The truth is that economic forecasters like George Soros have got things wrong in the past. They were the people who argued that we should join the single currency, the single currency as you know has brought economic misery," Gove told BBC radio. Opponents of EU membership say Britain could prosper if it cut itself free from what they portray as a doomed German-dominated project in excessive debt-funded welfare spending. The world's biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain's referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of a century. A vote to leave the EU on June 23 would spook investors by undermining post-World War II attempts at European integration and placing a question mark over the future of the United Kingdom and its $2.9 trillion economy. Citi, Deutsche Bank, JPMorgan, Goldman Sachs, HSBC, Barclays, Royal Bank of Scotland and Lloyds are among those banks planning to have senior staff and traders working or on call in London as results start to dribble in after polls close at 2100 GMT, according to sources. "British voters are now grossly underestimating the true costs of Brexit," Soros said. "Too many believe that a vote to leave the EU will have no effect on their personal financial position. This is wishful thinking." (Reuters)

British Pound fall after Brexit would be bigger, more disruptive than 'Black Wednesday', says Soros

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