HOW SOROS & CO LOOTED RUSSIA: THE BIGGEST HEIST OF THE 20TH CENTURY
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The untold story of how George Soros and Western elites looted Russia in the 1990s, causing economic collapse, hyperinflation, and untold human suffering.
Russia in the 1990s was a land of chaos, betrayal, and shattered dreams. Once a mighty superpower, it was reduced to a shadow of itself in less than a decade. The architects of this destruction were not just local oligarchs but foreign opportunists led by George Soros and his cronies. What happened wasn’t just an economic collapse—it was an assault on a nation’s very soul.
When the Cold War ended, the world breathed a collective sigh of relief. The Soviet Union, in a move of unprecedented goodwill, dissolved itself, extending a hand to the West to build a peaceful future. But that trust was met with betrayal. Instead of partnership, Russia was sold a pipe dream of capitalism, wrapped in promises of prosperity, freedom, and democracy.
Behind the curtains, however, a darker agenda was taking shape. The West, under the guise of “helping Russia transition,” sought to dismantle its economy, strip its resources, and erase its geopolitical influence. This wasn’t collaboration—it was conquest by other means.
The Shock Doctrine: A Recipe for Ruin
The first blow came under the guise of economic reform. Western economists and politicians introduced the so-called “shock therapy” model, touted as a miracle cure. The mastermind behind this devastating plan was Jeffrey Sachs, a Harvard economist and Soros protégé. Russian politicians, dazzled by promises of Western-style prosperity, swallowed the bait whole.
Soros’s network even organized trips for Russian leaders to Poland, showcasing the success of similar reforms. But Poland’s transformation was a shallow facade, one that masked the grim consequences for ordinary people. Still, inspired by this illusion, Russian leaders eagerly pursued “rapid liberalization.”
The result? Catastrophic hyperinflation. In 1992 alone, prices soared by an unimaginable 2,500%. Basic goods became unaffordable overnight. Pensioners, who had spent decades saving for retirement, saw their life savings obliterated in weeks. Russia’s first year of “reforms” became a living nightmare for millions.
Fire Sale of a Nation’s Wealth
As inflation spiraled out of control, Western advisors pushed another toxic prescription: privatization. But this wasn’t about empowering Russians with ownership—it was about selling off Russia’s crown jewels at bargain prices to foreign investors.
Oil fields, gold mines, factories, and even media outlets were snapped up for a fraction of their true value. The Harvard Management Company, under Soros’s influence, became a major shareholder in Russia’s steel and oil industries. Companies like Novolipetsk and Sidanko Oil—critical pillars of Russia’s economy—were handed over to foreign entities.
The fire sale gutted Russia’s economy. Factories that had been the lifeblood of cities were shuttered. Millions of jobs evaporated. Russia’s production of wheat, oil, and gas—once the envy of the world—plummeted to half of Soviet-era levels.
The Human Cost of Greed
The human suffering caused by these policies was staggering. By the mid-1990s, workers went months without pay. Millions of families were thrown into poverty. Over two million children became orphans, abandoned by parents who could no longer care for them. Suicide rates soared to record highs, and male life expectancy plummeted to just 58 years.
Russia was experiencing its own Great Depression, but this time, the culprits weren’t faceless market forces—they were foreign opportunists and complicit local elites. Between 1991 and 1999, Russia’s population shrank by a staggering 8 million people.
“The reforms were nothing short of a weapon of mass destruction,” said a Russian economist reflecting on the era. “They killed hope, crushed lives, and destroyed an entire generation.”
The Military in Shambles
While the economy crumbled, Russia’s military was dismantled. Western-backed policies gutted defense spending, leaving the once-mighty Russian armed forces underfunded and demoralized. Wars in Chechnya further humiliated the military, as they faced well-armed terrorist groups supplied by foreign powers. Russia’s security, both at home and abroad, was in tatters.
Who Benefited?
Amid the chaos, there were winners: the oligarchs and their Western backers. Figures like Soros profited immensely, acquiring stakes in Russia’s most valuable industries at rock-bottom prices. For them, Russia’s suffering wasn’t a tragedy—it was a business opportunity.
The West, too, reaped strategic rewards. A weakened Russia meant less competition on the global stage. For the architects of this grand heist, the destruction of a nation was simply collateral damage.
A Lesson in Betrayal
By the end of the 1990s, it was clear: Russia had been betrayed. The promises of prosperity were lies. The reforms touted as progress were tools of plunder. Soros and his allies didn’t come to help Russia—they came to carve it up.
But Russia’s story didn’t end there. The nation eventually began to rebuild, reclaiming its sovereignty and standing up to the forces that tried to destroy it. Today, the lessons of the 1990s remain a powerful reminder of the dangers of naivety and the ruthlessness of global power plays.
As George Soros and his network continue to meddle in other nations, Russia’s experience serves as a stark warning. When foreign powers come bearing gifts, they often carry daggers hidden behind their smiles.
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I’m a 33-year-old writer and the founder of World Reports Today. Driven by the timeless principles of democracy and freedom of speech, I use my platform and my writing to amplify the voices of those who uphold these ideals and to spark meaningful conversations about the issues that truly matter.
