To: Vigilanteman
Thanks for that info, I always wondered why the Thai bubble broke. They are a hard working people, industrious and intelligent and very pro American.
17 posted on
11/25/2004 1:34:29 PM PST by
investigateworld
(( "Bob, I bled from every wound", Sen. J. Kerry to Sen. R. Dole ...Target HQ is in a blue state! ))
To: investigateworld
Wasn't it like Indonesia/Singapor?Malasia? My memory is shot.
18 posted on
11/25/2004 1:59:56 PM PST by
Destro
(Know your enemy! Help fight Islamic terrorism by visiting johnathangaltfilms.com and jihadwatch.org)
To: investigateworld; Destro
You are correct. There was a bit of a bubble in the Asian Tiger's economies overbuilding and such. But the truth is that Soros saw an opportunity to punish Thailand for their pro-American tilt and drag down Singapore, South Korea, Malaysia, Taiwan and to a lesser extent Japan along with them because of the close trading relationship.
Remember that Clinton, the ChiComs and Wal-Mart were all in bed together at the time, the later two having been major contributors to the 1996 reelection effort. Since China's economy was and is pegged to the U.S. dollar Soros got a two-fer-- (1)Huge profits on the currency contracts of the Tigers which he sold short, (2)Scaring the multinationals into accelerating the move to China since profits would be repatriated in a devalued currency rather than one pegged to the dollar.
26 posted on
11/25/2004 3:20:56 PM PST by
Vigilanteman
(crime would drop like a sprung trapdoor if we brought back good old-fashioned hangings)
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