Russian Authorities Ban Foundations Funded By George Soros

Two foundations sponsored by billionaire philanthropist George Soros have been banned from operating by Russian authorities who have claimed the foundations are a threat to national security. Constitutional issues have also been raised by Russian political figures over the operation of the Open Society Foundations and the Open Society Institute Foundations within Russia, according to Fortune. Both George Soros and those in high ranking positions within the foundations have questioned the reasons for the ban, which they believe could be linked to calls from Soros for a $50 billion aid package to be delivered to the Ukraine.

Soros has made a success of his financial career after surviving the Holocaust in Nazi Germany before studying finance in London. Eventually, the Hungarian born financial expert arrived in the U.S. to establish the hedge fund that would eventually make him a billionaire, according to the George Soros Website. George Soros has since become one of the most influential figures on Fortune.com in philanthropy on the planet, largely because of the global reach of his charitable programs.

By placing a ban on the work of the foundations in Russia the authorities have taken a different approach to the historical view of the work of George Soros in the country. The Open Society Foundations spokesperson explained the group has often been praised for the work it has completed in Russia over recent years. The push for a ban comes as President Vladimir Putin has been stepping up his efforts to extend the use of Russian force around the world, including the seizing of land in Ukraine. Soros himself has been critical of the invasion by Russian forces, and has explained how this has threatened the future of the European Union on numerous occasions.

People in more than 70 countries now benefit from the work of the group, which began as a educational program for young men suffering human rights abuses during South Africa’s apartheid regime. George Soros has sought to aid the future of people across the globe after he was subjected to a childhood spent in the concentration camps of Nazi Germany. The work of the Budapest born financial expert now seems to have pitted him against the authority of Russian President Vladimir Putin.

U.S. Money Reserve President Philip Diehl Interview: The Penny and the Need to Get rid of it

An interview was conducted on the CNBC Squawk Box with Philip Diehl, the former Director for the U.S. Mint. During this interview, Philip actually gave out some great advice, those moments that you see a penny on the ground and think about picking it up, don’t. It is a waste of your time, according to Mr. Diehl. As the current president of the U.S. Money Reserve, the U.S. Money Reserve is a well-known coin distributor, Mr. Diehl actually talked about how he believes that the penny should be taken out completely.

However, Philip is not the only one thinking this, in fact, he is one of millions who believe that the penny should be taken out of the money circle. One fact that most people do not know about Philip is that he actually had tried in the past, while he was the director working with the U.S. Mint, to have the penny removed, but he just couldn’t get it to happen, people were just caught up in their fascination of the penny.

Now, why would someone want to take the penny out of circulation? The fact is, the penny is just taking money away, it is costing way more for them to make it then it is actually worth when it is put out. Each year that the penny is produced and sent out to the public, the loss of money equals out to millions for the U.S. Mint.

Some people, the people who are wanting the penny to stay, are actually worried that the loss of the penny will create disaster, causing inflation and distortion of all of the prices. However, Philip believes that this is null and void, because almost 100% of the money that goes in and out of pockets comes from cash and electronic forms of money.

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