Soros is known to have high ability in speculating on currency trading. In 1982, in a short time Soros managed to reap a profit 1.2 billion dollars in pound sterling currency trading. As a result, some of the UK economy is destroyed. He also dubbed as "the man that destroyed the Pound" (The Man Who Broke the Pound). In mid 1997, the economy of South East Asian countries, including Indonesia, Thailand, and Malaysia, shaken great because all of a sudden the price of high-dollar exchange rate soared. Thousands of companies went bankrupt and millions of people became unemployed.
Although many factors that led to this crisis, but one of the main reasons is the behavior of foreign currency speculators who had bought up American dollars, then sell at high prices so that the value of the currency that the ASEAN countries slumped. Speculators are the biggest money in the crisis era is George Soros.
Bankruptcy various industries in the ASEAN countries were then exploited by western capitalists to buy shares in these countries with cheap price. As a result, most companies are now important in Indonesia are owned by foreign businessmen. In 2000, George Soros reportedly has a stake in PT AGIS in Indonesia by 10 percent and several other companies, including Astra International.
Later, to remove the bad image of himself, through a network foundation that has, Soros was trying to set aside some of the wealth gained from speculation activities to help overcome the effects of 'global financial market system failure' against poor countries. Soros always show the organization he leads it as an organization that acts of humanity in various parts of the world. Soros also traveled to various corners of the world and deliver speeches with regard to democracy and freedom. According to Western mass media, the Soros Foundation has spent $ 4.2 billion dollars to help the needy people in various parts of the world.
However, aid is not channeled through the UN on the grounds that Soros did not trust the UN. Therefore, many political observers believe that the pace of the Soros Foundation to deliver help directly is to spread the influence and infiltration in these areas who were given assistance. In 1997, a scientist Bosnia mengungapkan that in Bosnia, Soros is considered a hero by the community in part of this Muslim country. The reason is because during the Bosnian War, Soros poured a lot of financial assistance to the people of Bosnia. Then, after the war, Soros funded a variety of publishing media in the country. The media published that contains many photos of immoral and disseminate ideas of freedom and secularism.
President of Brazil, Lula da Silva, the Economic Summit in Davos, Switzerland, last year, said that the world's financial institutions, including financial institutions owned by Soros, is a cause of crisis in his country. Brazilian President deserved anger against Soros. Other People's Brazil was also angry with the Soros because his words that pertain to their hearts in Sao Paolo magazine. Soros said,
In a capitalist economic system, the head of state of the world's heads of state are determined by the U.S.. In Brazil's elections, candidates who oppose our policies, should not be elected. In fact, Brazil is not the people that voted. If there are other candidates elected, Brazil will face great economic crisis. The U.S. now is like Rome in ancient times, which is the regime the only one who has the right to speak.
But strangely, although it acts as a source of financial crises in various countries and managed to rake in billions of dollars from the crisis, Soros was actively writing scientific books about the world economy. Here he placed himself as an observer and give suggestions on how the world economy should be regulated so that countries can get out of the economic crisis. One of Soros's book titled Crisis of Global Capitalism. In it, Soros attempted to show that global capitalism is undergoing a test and a very serious threat. If this is not taken seriously, the atmosphere will be haunting journey crisis of global capitalism. In other words, although the system of capitalism has proven to sacrifice millions of people in the world, but through his book, Soros is trying to continue to spread the global capitalist system which is proven to have made him wealthy.
Although many factors that led to this crisis, but one of the main reasons is the behavior of foreign currency speculators who had bought up American dollars, then sell at high prices so that the value of the currency that the ASEAN countries slumped. Speculators are the biggest money in the crisis era is George Soros.
Bankruptcy various industries in the ASEAN countries were then exploited by western capitalists to buy shares in these countries with cheap price. As a result, most companies are now important in Indonesia are owned by foreign businessmen. In 2000, George Soros reportedly has a stake in PT AGIS in Indonesia by 10 percent and several other companies, including Astra International.
Later, to remove the bad image of himself, through a network foundation that has, Soros was trying to set aside some of the wealth gained from speculation activities to help overcome the effects of 'global financial market system failure' against poor countries. Soros always show the organization he leads it as an organization that acts of humanity in various parts of the world. Soros also traveled to various corners of the world and deliver speeches with regard to democracy and freedom. According to Western mass media, the Soros Foundation has spent $ 4.2 billion dollars to help the needy people in various parts of the world.
However, aid is not channeled through the UN on the grounds that Soros did not trust the UN. Therefore, many political observers believe that the pace of the Soros Foundation to deliver help directly is to spread the influence and infiltration in these areas who were given assistance. In 1997, a scientist Bosnia mengungapkan that in Bosnia, Soros is considered a hero by the community in part of this Muslim country. The reason is because during the Bosnian War, Soros poured a lot of financial assistance to the people of Bosnia. Then, after the war, Soros funded a variety of publishing media in the country. The media published that contains many photos of immoral and disseminate ideas of freedom and secularism.
President of Brazil, Lula da Silva, the Economic Summit in Davos, Switzerland, last year, said that the world's financial institutions, including financial institutions owned by Soros, is a cause of crisis in his country. Brazilian President deserved anger against Soros. Other People's Brazil was also angry with the Soros because his words that pertain to their hearts in Sao Paolo magazine. Soros said,
In a capitalist economic system, the head of state of the world's heads of state are determined by the U.S.. In Brazil's elections, candidates who oppose our policies, should not be elected. In fact, Brazil is not the people that voted. If there are other candidates elected, Brazil will face great economic crisis. The U.S. now is like Rome in ancient times, which is the regime the only one who has the right to speak.
But strangely, although it acts as a source of financial crises in various countries and managed to rake in billions of dollars from the crisis, Soros was actively writing scientific books about the world economy. Here he placed himself as an observer and give suggestions on how the world economy should be regulated so that countries can get out of the economic crisis. One of Soros's book titled Crisis of Global Capitalism. In it, Soros attempted to show that global capitalism is undergoing a test and a very serious threat. If this is not taken seriously, the atmosphere will be haunting journey crisis of global capitalism. In other words, although the system of capitalism has proven to sacrifice millions of people in the world, but through his book, Soros is trying to continue to spread the global capitalist system which is proven to have made him wealthy.
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