george soros

Soros is known to have high ability in speculating on currency trading. In 1982, Soros succeed in a short time to profit 1.2 billion dollars in pound sterling currency trading. As a result, some of the UK economy devastated. He also has been called the "Men Who Destroy 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 prices soaring dollar exchange rate. Thousands of companies went bankrupt and millions of people became unemployed.

Although many factors are causing this crisis, but one of the main reasons is the behavior of foreign 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 ASEAN member countries were then used by Western capitalists to buy shares in these countries at cheap prices. As a result, nowadays most important companies in Indonesia are owned by foreign businessmen. In 2000, George Soros reportedly has stakes in PT AGIS in Indonesia amounted to 10 percent, and several other companies, including Astra International.

Later, to remove the bad image of himself, through its network of foundations, Soros tried to set aside some of the wealth gained from speculative activities to help overcome the effects of 'global financial market system failure' of poor countries. Soros always show the organization he led it, as organizations that conduct humanitarian actions in various corners of the world. Soros also traveled to various parts of the world and deliver speeches with respect to democracy and freedom. According to Western media, the Soros Foundation has disbursed funds amounting to 4.2 billion dollars to help needy people in various parts of the world.

However, such assistance is not channeled through the UN on the grounds that Soros did not trust the UN. Therefore, many political observers believe that the steps the Soros Foundation to deliver direct assistance is to spread the influence and infiltration in these areas are given assistance. In 1997, a scientist Bosnia mengungapkan that in Bosnia, Soros is considered a hero by the community 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, the Soros fund various mass media publications in the country. Media who published it contains many photographs of immoral and disseminate ideas of freedom and secularism.

President of Brazil, Lula da Silva, the Economic Summit in Davos, Switzerland, last year, saying that the world financial institutions, including financial institutions owned by Soros, is the cause of the crisis in his country. Brazilian President deserved anger against Soros. Other People's Brazil was also angry with Soros because his words that offend their hearts in Sao Paolo magazine. Soros said,

In a capitalist economic system, the head of state, heads of state in the world is 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 who voted. If there is another candidate who was elected, Brazil will face a huge economic crisis. U.S. now like Rome in ancient times, which is the only regime that has the right to speak.

But strangely, although it acts as a source of financial crises in various countries and successfully made billions of dollars from the crisis, Soros was actively writing scholarly books about the world economy. Here he puts himself as an observer and give suggestions on how the world economy should be structured so that countries can get out of the economic crisis. One of Soros's book titled Crisis of Global Capitalism. In it, Soros sought to show that global capitalism is undergoing tests and the threat of very heavy. If this is not taken seriously, the atmosphere of crisis will be traveling to haunt 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 has been proven to have made him wealthy.