More than US$4 billion in hot money.

Details: Since July 3, 1997, triggered by Thailand's forced announcement of a floating exchange rate system, a financial turmoil suddenly started in Thailand and swept across the Philippines.

Southeast Asian countries such as Indonesia, Malaysia, Singapore, South Korea, and Japan also affected Taiwan, Hong Kong, Brazil, Argentina, and Greece. Wall Street in the United States, London, and Japan also experienced corresponding plunges in stock markets.

This storm shook the world and caused huge disasters such as the collapse of the monetary systems of Thailand, South Korea, Malaysia and other countries!

Its aftermath will continue to have an impact on the world, especially in Southeast Asian countries, and it will take a long time to get rid of it completely.

When mentioning the financial turmoil in Southeast Asia, people can't help but curse Soros, a powerful currency speculator.

He is now the target of thousands of people and is hated by thousands of people!

Malaysian Prime Minister Mahathir once said: Soros should bear full responsibility for this financial crisis!

But the most interesting thing is that from a legal perspective, he did not break any laws and did not use violence, bribery or other dirty methods.

He just speculates on the currency of a certain country one by one like stock speculation, until the government of that country surrenders and is forced to devalue the currency.

As a result, he easily made huge profits!

International financial economists call the sharp-minded Hungarian-American the "bad boy of international finance."

What is the international economic background of this financial crisis in Southeast Asia?

How to produce.

How to develop?

How is the result?

The scope of the impact, especially the impact on China, and how the bubble economy in Southeast Asian countries, the root cause of this financial crisis, came about. With the sharp vision of Western economists, we may be able to get a simple and clear

understanding.

Before the crisis broke out on June 9 last year, the annual report of the Bank for International Settlements in Basel, Switzerland, pointed out: "The world economic outlook is promising, but there are still hidden dangers in financial markets." The report pointed out comprehensively and profoundly.

"The scale of the international market has expanded, and international hot money has grown rapidly. The total amount has reached more than 7.2 trillion U.S. dollars, and an average of one trillion U.S. dollars is active every day." This hot money has the characteristics of seeking short-term arbitrage and interest rate arbitrage, especially the rapid flow.

Therefore, it is called Hedge-Fund. Hedge-Fund does not do good things, while Hedge-Fund runs fast. These huge amounts of international hot money are a huge hotbed of financial speculation. Take a look: Such a Hedge-Fund

There are 3,500 funds in the world. "The activities of international stock markets are extremely active, the investment boom is high, the stock markets and real estate of East Asian countries with rapid economic growth are overactive, and they borrow large amounts of foreign debt to strongly stimulate the growth of their own economies," these

Excessive pursuit of speed has directly led to the formation of a large number of "bubbles" in Southeast Asia's economic development: - and it is the main culprit that harms Southeast Asian countries! This is called reaping the consequences! The role of private capital is increasing day by day, led by the famous speculator Soros.

For example, the "Quantum Fund" led by him controls more than 4 billion US dollars in hot money. These Soros and his like are like a group of flies, keenly smelling the fishy smell in the international financial world at any time. They are the "Black Horse Fund".

"The leading black horse among them. The gold market is weak. The reform and supervision of the banking industry urgently need to be improved and strengthened. Due to historical reasons, the economies of Southeast Asian countries started late, and the industrialization revolution was half a century later than that of the West. Indeed, these countries

The economy once grew miraculously at double digits. However, it took developed countries such as the United Kingdom and the United States 200 years to develop their industries, and Southeast Asian countries can catch up and try to surpass them in just 10 to 20 years!

Just like a car chasing a plane, if you just speed up blindly, the final result will be a car rollover and death! The correct approach should be: put wings on the car! British economist Mike Will believes that Southeast Asian countries

The industrial foundation is weak, the technology is backward, and the industrial structure, economic structure, and financial structure are still very immature. Of course, there are many loopholes in the upper echelons of these countries. They only see their impressive economic growth at double digits.

Blindly blinded, they failed to see the many pitfalls on the road ahead. The rapid growth made them excited and overheated. They secretly began to formulate policies, accelerate progress, and quickly integrate with international standards.

. Use the hollow syringe of "blind acceleration" to further increase the bubbles in the economy that already has many bubbles, and then use the banner of "integrating with international standards" to place extra-large bubbles in various places.

In the face of strong pressure, the consequences can be imagined! These big bubbles, including "stock market bubble", "real estate bubble", "short-term foreign debt bubble", etc., were really good-looking at first, but now all that is left is the huge pain when they burst.

And deep self-blame and introspection! Speaking of the owner process, we must also mention the super currency speculators like Soros. They have long discovered the bubble economy and financial system and industrial structure of Southeast Asia.

Like flies, they have long been eyeing this cracked egg! Here, taking the country of origin, Thailand, as an example, we will talk about the process and operational methods used by Soros to block the Thai mill.