Was G. Soros responsible for financial collapse in Thailand?

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In 1997, during the Asian financial crisis, the Prime Minister of Malaysia Mahathir bin Mohamad accused Soros of using the wealth under his control to punish the Association of Southeast Asian Nations (ASEAN) for welcoming Myanmar as a member. Following on a history of antisemitic remarks, Mahathir made specific reference to Soros's Jewish background ("It is a Jew who triggered the currency plunge") and implied Soros was orchestrating the crash as part of a larger Jewish conspiracy. Nine years later, in 2006, Mahathir met with Soros and afterwards stated that he accepted that Soros had not been responsible for the crisis.In 1998's The Crisis of Global Capitalism: Open Society Endangered Soros explained his role in the crisis as follows:

The fascist mob laying siege to Bangkok today is a classic example of the Soros-financed "rose" and "orange" revolutions across Eastern Europe and Central Asia, even if the color in Thailand is Royal Yellow, and they don't need Soros's money. It must be remembered that Soros infamously launched the 1997 speculative assault on Thailand in a fit of rage that Thailand and its neighbors were bringing Myanmar into the Association of Southeast Asian Nations (ASEAN). Soros, the financier and leader of the world's movement to legalize drugs, was furious that Myanmar had wiped out the opium trade, forging peace agreements with the ethnic drug armies and unifying the country for the first time since the British colonization. He was even more furious with ASEAN for befriending Myanmar and rejecting his anti-Myanmar hysteria.

The Soros-linked mobs on the streets today against Prime Minister Samak Sundaravej, as in 2006 against the former Prime Minister Thaksin Shinawatra, are but a continuation of Soros's brutal economic destruction of Thailand in 1997, in which Soros personally stole billions of dollars from Thailand's government and population. It is also no coincidence that Prime Minister Thaksin's "war on drugs" in Thailand in 2003 was a major target of the global Soros-funded human rights mafia, building towards the 2006 coup, nor that Prime Minister Samak has discussed reviving the war on drugs this year.

Lyndon LaRouche, briefed on this situation, noted that the drug question is central to the current global strategic crisis. Without wiping out the drug traffickers, he said, there is no security anywhere. The example of Colombia crushing the FARC narco-terrorists, thus opening up the possibility of rail and infrastructure development across the Colombia/Venezuela region, is a case in point. As also in Afghanistan, where the failure to attack the drug lords has made the war on terror an impossible task, and the entire war on Afghanistan a brutal, failed policy.

LaRouche added that international cooperation on this issue is essential. Such cooperation requires the recognition that Soros is a Nazi, and has been since he was 14, aiding the Nazis in his native Hungary, that this is his ideology, and his conditioning through life. The Thailand operation, and similar operations in Ibero-America and elsewhere, are precisely the kind of fascist operations he would do - with his British controllers turning him loose to do so.

That's a POLL?

Like you think anyone here has access to the facts?

Why not a poll on what was Attila's middle name?

Or whether vedgies on alien planets taste good?

Yeess - you could call it a trial assuming that you keep thr requirement of a jury who knows nothing until informed by the lawyer.

So - Who is prosecuting, who is defending, and when will the witnesses start testifying?

Me, I would beg the court to excuse me from jury duty - I have urgent family business and in any case I am disqualified because I have heard of Soros.

“What is most troubling to me about this,” Diamond added, “is that the Fed’s QE2 is in alignment with George Soros’s agenda to destroy global capitalism.” The decline of the dollar “is what George Soros wants and what he has proposed in the past,” he noted.

Soros, the billionaire hedge fund operator who finances various leftist and Marxist groups, including Media Matters, has made his fortune by betting on the collapse of national economies and currencies. He was convicted of insider trading in France.

Media Matters recently received $1 million from Soros so that it could try to mute the effectiveness of conservative media organizations and personalities, some of them critical of Soros.

In recent Fox News programs, Glenn Beck has been focusing on the decline of the dollar and how Soros has proclaimed that “an orderly decline of the dollar is actually desirable.” Programs like these have made Beck into a top target of Media Matters.

AIM has been warning for years about the intentions of Soros, noting in a 2004 report that he “specializes in weakening or collapsing the currencies of entire nations for his own selfish interests.”

We noted, “Despite his vision of an ‘open society,’ he operates an unregulated ‘hedge fund,’ open only to the super-rich.” His Soros Fund Management is a member of the “founder’s council” of the Managed Funds Association (MFA).
http://www.aim.org/aim-column/soros-bet ... -collapse/

One of the world's leading investors and the man famed for "breaking the Bank of England" in 1992, George Soros, told the World Economic Forum yesterday that the current financial crisis is even worse than what was experienced during the Great Depression of the 1930s.
http://www.independent.co.uk/news/busin ... 19190.html

....

Thailand comes to mind.
George Soros used the above events and concerns in order to lead a speculative attack on the Thai baht--the official currency of Thailand. To understand speculative currency attacks, one must understand how fixed exchange rates are maintained. If an exchange rate is fixed above equilibrium, then a surplus of the currency emerges and the government must buy up this surplus (paying for it with foreign reserves) in order to keep the exchange rate from falling. If an exchange rate is fixed below equilibrium, then a shortage of the currency emerges and the government can maintain the fixed exchange rate by printing more currency and exchanging it for additional foreign reserves.

This author does not know the actual amounts of money used in George Soros' speculative attack against the Thai baht in the spring of 1997; therefore, the numbers used in this paragraph to illustrate how a speculative attack is conducted are hypothetical. First, George Soros bought forward currency contracts on the baht in the spring of 1997. Forward currency contracts are legal agreements to exchange currency at an agreed upon rate at some date in the future. Perhaps these forward contracts gave Soros the option of selling baht at the rate of one US$ for 26 baht in January of 1998. Next Soros sells all of his baht, convinces all of his friends to sell their baht, and advertises the current problems of the Thai economy (see above) in an effort to get others to sell their baht. Soros advertised Thailand's problems because he wanted to create a panic where all foreign investors would want to sell their baht immediately for fear its value was on the verge of collapse. As everyone begins selling baht (and no one wants to buy it), the Thai government must buy up the resulting surplus in order to maintain the fixed exchange rate. Thailand spent US$6.8 billion and committed at least an additional US$23.4 billion in forward obligations in an effort to maintain the fixed exchange rate (Leightner 1999; note Thailand had US$39 billion of foreign reserves in January 1997). On July 2, 1997, the BOT gave up its fixed exchange rate and floated the baht (stopped buying and selling to keep the baht's value fixed). By January 1998, the baht had fallen to US$1 for 54 baht. In January 1998, George Soros could exchange US$1 billion for 54 billion baht on the spot market (the market using current prices). He could then use his forward contracts to exchange the 54 billion baht for more than US$2 billion--more than doubling his money. (2) Soros took advantage of Thailand's problems to make a huge personal profit and in the process Thailand was devastated.
http://goliath.ecnext.com/coms2/gi_0199 ... s-its.html

Soros was a big believer in using financial power to punish the countries the policies of which he didn't like though in the end it was more than just Soros who is guilty. It's the whole lot of them.

Southeast Asia Initiative
The Southeast Initiative makes grants to organizations that promote human rights, independent media, and civil society development in Cambodia, East Timor/Timor Leste, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam as well as regional projects in Southeast Asia. If you seek funding for Indonesia-specific projects, please visit the Yayasan TIFA website.

The following are the Southeast Asia Initiative's current grantmaking priorities:

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The Burma Project, established by the Open Society Institute in 1994, is dedicated to increasing international awareness of conditions in Burma and helping the country make the transition from a closed to an open society. To this end, the Burma Project prioritizes projects targeting marginalized communities including ethnic minorities, women and youth.

The following are the Burma Project's current grantmaking priorities:

Advocacy efforts that promote change in Burma;
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Soros has done many evil things, but I have no evidence this is one of them.

Thailand's recent damage was done by their own home grown Soros equivalent in the person of Thaksin.

Can you please provide a brief summary of George Soros' evil deeds? So you are saying that there is no evidence to convict Mr. Soros of having caused Thailand to collapse financially?

Who's George Soros?

He isn't known for Breaking the Bank of England for no reason...

He uses his money and got other people to dump their stock of a particular currency to cause a collapse of said currency and then when the currency is super devalued he buys a bunch of it so when it rebounds somewhat he sells it again and makes a profit. That is how he makes his money.