George Soros Pledged $500-Million To Assist Migrants and Is Partnering with MasterCard to Deliver The Money

George Soros, Youtube
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Despite Soros repeatedly denying he is funding the caravan of migrants from Honduras to the US border, he now is teaming up with MasterCard to hand out money to migrants. calling it ‘investment capital’. This is part of a $500 million pledge that effectively will support migrants seeking to enter the US and Europe. In 2016, MasterCard admitted handing out prepaid debit cards to migrants traveling through Europe with the blessing of the European Union and the UN High Commissioner for Refugees. -GEG

Billionaire investor George Soros has repeatedly denied rumors that he is helping to finance the migrant caravans making their way up from Honduras and Guatemala through Mexico with the ultimate aim of reaching the US.

But that’s about to change, as the “Open Society” founder – who famously financed much of the opposition to Trump SCOTUS pick Brett Kavanaugh – is now partnering with Mastercard to hand out money (in the form of ‘investment capital’) to migrants, refugees and “others struggling within their communities worldwide,” according to Reuters. Through their partnership, Soros is effectively providing open financial support for migrants and refugees seeking to enter the US and Europe.

The partnership between Soros and Mastercard, which they are calling Humanity Ventures, is the result of a pledge that Soros made in September to spend $500 million to address “the challenges facing migrants and refugees.”

In a statement, Soros and Mastercard declared that government aid programs haven’t been enough to solve the issues facing refugees, suggesting that this is a problem that only the private sector can solve.

Migrants are often forced into lives of despair in their host communities because they cannot gain access to financial, healthcare and government services,” Soros said.

“Our potential investment in this social enterprise, coupled with Mastercard’s ability to create products that serve vulnerable communities, can show how private capital can play a constructive role in solving social problems,” he added.

Right away, Soros plans to spend $50 million to provide “scaleable” health-care and education solutions. He intends to ‘invest’ the money in businesses founded by migrants.

“Humanity Ventures is intended to be profitable so as to stimulate involvement from other businesspeople,” Soros said.

“We also hope to establish standards of practice to ensure that investments are not exploitative of the vulnerable communities we intend to serve.”

Soros has said that he would prefer ‘Humanity Ventures’ to be profitable to attract “other businesspeople”, it’s unclear how, exactly, he plans to earn anything approaching a reasonable rate of return by handing out risk free loans to migrants and refugees.

This comes after Master Card back in 2016 admitted that it has handed out prepaid debit cards to migrants and refugees traveling through Europe, something the company did with the explicit blessing of the European Union and the UN High Commissioner for Refugees.

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Tom Ball
Tom Ball
4 years ago

Such a kindly looking man. I wonder what caused him to hate the white race and the US so much. Or is he so unaware of all of us who do not appreciate his efforts to import the habits of a people who have demonstrated an even greater propensity towards violence than our own and even more ineptitude in managing their own socialist government? Has this “philanthropist” not given any thought as to how many complications the further Balkanization of the US will lead to? Has he not given any consideration to those of us who live here already? Or… Read more »

Ed LaPinskas
Ed LaPinskas
4 years ago

What keeps that pig breathing ? God must be out on coffee break or something ?

GlennW
GlennW
4 years ago

George Soros is helping destroy Europe and now is hellbent on helping destroy the US. He’s an asshole.