Soros created the financial crisis, why didn t he be arrested at that time?

Soros's most famous record is the Asian financial crisis in 97, and the collapse of Soros was directed by Soros. So the question is, why is a country's currency so vulnerable? I was able to be crushed by the power of one person.

Flies don't stare at seamless eggs, and the reason why Soros chose to short the Thai baht was because Thailand had very few foreign reserves at that time, and it implemented a fixed exchange rate, which was to keep a close eye on the dollar. At that time, the US dollar was in an appreciation cycle, which forced the Thai baht to follow suit. We know that the exchange rate of a country's currency is to be linked to its own economy, and if we only adopt the practice of keeping a close eye on the major currencies, like the Thai baht at that time, it is easy to boast about our own economy, and Thailand's economy was not very healthy at that time.

Thailand's economy was booming in the mid-90s, and the annual GDP growth was very rapid, so Thailand** was full of confidence and decided to stabilize the exchange rate of the Thai currency, the Thai baht, and keep a close eye on the US dollar to ensure stable economic growth.

Soros found this loophole at this time, using the characteristics of the Thai baht to keep an eye on the US dollar, a large number of Thai baht forward contracts in the **market**, and exchanged a large number of US dollars for Thai baht, and sold a large number of Thai baht in the spot market, and at the same time cooperated with ** to release the news that the Thai baht is about to depreciate, causing panic to speculators in the foreign exchange market, speculators are afraid of the depreciation of the Thai baht, so they exchange a large number of Thai baht for US dollars, because the Thai baht was sold in large quantities, resulting in a sharp drop in the exchange rate of the Thai baht against the US dollar in the foreign exchange market. In order to maintain the stability of the Thai baht, Thailand** used 2 billion foreign exchange reserves to buy a large number of Thai baht in the market.

Soros sniping at the Thai baht and the Hong Kong dollar, is it a crime and a violation, no, he is taking advantage of the weakness under the bubble of the national and regional economies and false prosperity, backed by his own strong amount of funds, and not using some inside information, fraud or coercive means to manipulate capital transactions, so we all know that he is ruthless and greedy, but he cannot be restrained by law.

This was because there was no conclusive evidence, so he could not be arrested.

Because he is a very powerful character, he has not been caught committing crimes.

Because he is not directly guilty, he just contributed to the financial crisis, and the charge is still not enough.

Because the law at that time could not arrest him, so it would be like this.

Because there is not enough basis to arrest him, it is said that no one can be arrested.

Because there was not enough evidence at the time to show that he was responsible for the financial crisis.

Probably because there is no definite evidence to prove his mistake.

Take Thailand, the source of the Southeast Asian financial crisis, as an example, Soros borrowed a large amount of Thai baht, and then sold it in the market to exchange it for dollars, which is allowed by Thai law.

There was certainly no complete law at the time, so I felt that people were taking advantage of the loopholes.

A financial crisis refers to a crisis of financial assets, financial institutions, and financial markets, often accompanied by a large number of business failures, rising unemployment, general economic depression in society, and sometimes even social unrest or national political turmoil.

The financial crisis is characterized by a relatively large depreciation of the currency value of the entire region, a relatively large reduction in the total economic volume and economic scale, and a blow to economic growth, often accompanied by a large number of business closures, an increase in unemployment, a general economic depression in society, and sometimes even social unrest or national political turmoil.

Because the means he uses can only be regarded as a speculator, and the financial crisis is not something that can be created by one person, but by the long-term accumulation of the capitalist market, and he just let this be brought forward.

He didn't break the law, and this kind of person was the rich man behind the politicians. Those politicians won't let Soros be in any danger. Will they protect it yet?

Arresting people requires others to break the law, and there are no laws in various countries that say that people can't invest legally, right? It's just that Soros's powerful conglomerate controls the capital, but this can't be said to be illegal.

In July 1997, Thailand was affected by its own economy and announced that it would abandon the fixed exchange rate system and adopt a floating exchange rate system. Since the foreign exchange market is a margin market, if the loss in the spot market is 1, then you will earn 10 times the profit in the foreign exchange market (the margin is calculated as 10%, which is actually lower than this). After the impact on Thailand, Malaysia, India and the Philippines also hit one after another.

Hong Kong was also hit subsequently, the impact caused huge losses to Hong Kong, although Soros failed to hit the Hong Kong dollar exchange rate, but the investment bank Morgenstan took advantage of Hong Kong's ** in the foreign exchange market and Soros when the fierce war, in the ** market to sell ** spot, at the same time in the Hang Seng Index ** large short, due to a large number of ** sell-off caused by the Hang Seng Index fell more than 10,000 points, the investment bank earned about 100 million US dollars. Hedging** hit Japan and South Korea again and caused the Asian financial crisis. After that, there is another impact on the mud, the formation of the second stage of the second impact on Hong Kong to form the third stage, I want to say more is that in this stage, Hong Kong ** learned the lessons of the previous stage, under the management of the Monetary Authority (this is around July 98, Hong Kong's return to the first anniversary, personal suspicion that there is a Chinese ** background, otherwise where there are so many foreign exchange reserves), Hong Kong ** in foreign exchange, **, ** market at the same time, the hedging ** position is all taken over, stabilized the exchange rate and the market, Makes hedging** lose a lot.

1. There is no concept of crimes in the international financial order in international law, and there are no courts to punish violations of the international financial order. So there is no way to prosecute. If Thailand's domestic criminal law enacts on a violation of the international financial order or a violation of Thailand's own financial order, it can only be prosecuted in a Thai court.

But Soros is an American, and if you want to hold him accountable, it only makes sense to arrest him in Thailand first. And more importantly, tiny Thailand simply can't take its powerful American nationals to court.

2. Capital speculation in Thai Baht is carried out completely legally. The basic process of speculation is to first exchange US dollars for Thai baht, then use Thai baht to buy Thai assets, wait for the Thai baht to appreciate, sell assets to get appreciated baht, and finally exchange US dollars for home. There are other variants of operation, but they are all inseparable from the essence of exchange rate movements.

These processes take time and cannot be completed overnight. Thailand** is difficult to monitor.

Even if it is discovered, a small ** does not have enough think tanks and sufficient foreign exchange reserves and **assets to offset the impact of foreign countries**.

3。The root cause of the Asian financial crisis lies in the Asian economy itself. Soros just took advantage of the fire to make a profit, or caused a disaster. If Thailand itself is fine, it will be difficult for Soros to do it, no matter how capable he is.

4. At present, there is no international law that can regulate this type of behavior. And Soros is just a representative, behind which is powerful financial capital and a powerful interest group. They are strong enough to influence the US elections, so the United States will not only start from the interests of the United States but also from the national interest (after all, it will bring a lot of wealth to the United States) and will strongly support the financial predators represented by Soros.

So, it's not just Thailand. China, Russia or any other country can't do anything with these financial predators.

The Asian economic crisis was not caused by Soros. It's Asia of its own making.

Flies don't stare at seamless eggs, this sentence is best represented.

People are Americans... The United States does not seem to be guilty of this crime.

If you think he should be prosecuted, which court will accept it, and which country's law will be invoked for the crime?

To put it simply, Soros borrowed a large amount of Thai baht from the United States, and then began to sell a large amount of Thai baht with other ** managers, and the Thai foreign exchange market was immediately turbulent and turbulent, and the Thai baht depreciated sharply, so he could return the Thai baht to the United States at a very low exchange rate and make money from it.

It's easier to understand in numbers.

If 1 dollar is equal to 1 baht, Soros borrowed 3 billion baht, and then sold the baht to become 3 billion US dollars, and at the same time sold a large number of baht with other ** managers, and the Thai baht depreciated sharply. After the devaluation, 1 US dollar is equal to 10 baht, and Soros will pay back another 300 million US dollars**3 billion baht. Soros earned $2.7 billion from it.