In this financial crisis, Thailand's finance minister has played a lot of tricks. As for the second announcement of the depreciation of the national currency, Malaysian politicians are also unwilling to be lonely, whether it is to raise enough political capital, to exonerate themselves from their crimes, and to consolidate their position. Malaysian Prime Minister Mahathir Mohamad has been very serious about increasing his drama, especially in the world, he is a star on the world stage, if there is no political word, maybe many star companies are willing to let him do an endorsement and make extra money!

On July 22, the day the Malaysian ringgit depreciated sharply, Malaysian Prime Minister Mahathir Mohamad publicly accused Soros of "leading speculators behind the scenes to snipe Southeast Asian currencies in order to prevent ASEAN countries from allowing the military junta Myanmar to join." Mr. Mahathir did not name names, but apparently referred to Mr. Soros, telling reporters: "The freedom to buy and sell money has become a political weapon for a wealthy man to force independent countries to bow to him." We support free trade, but that freedom is being abused. When someone wants to contribute to charity but causes the poor to become poorer, it means that he is showing his love by robbing the poor. ”

Mahathir also said: "If you fall behind, you will be beaten, but if you lack heart, you will be beaten!" ”

This is a more classic statement.

When people who understand hear it, they know that the person they are referring to is Soros.

On July 24, Soros could no longer sit still amid the condemnation of Southeast Asia, publicly denying for the first time that he was behind the Southeast Asian currency crisis. His spokesman, Pattison, told the Associated Press that Soros's "Soros Fund," "Open Society Association," and other social groups are different from his investment group, the "Soros Fund Management Company," and that they do not engage in speculation.

"They have nothing to do with it at all." Pattison swore that he understood the "misunderstanding" by shrugging his shoulders and spreading his hands: "We fully understand why the misunderstanding arose, Mr. Soros has always been vocal in his opposition to the Thai and Malaysian governments' support for Myanmar's accession to ASEAN, and he has always believed that totalitarian governments pose a threat to the prosperity and stability of the region." "But it doesn't mean that he attacked Southeast Asia." This is both a distancing and a compliment to Soros, but everyone can see something from it, even though his statement is logically irrefutable.

As soon as Pattison's words ended, Malaysia's finance minister Shafiyi, who was on the other side of the Pacific, retorted: "Some Western countries are jealous of the rise of Asia and the formation of new economic centers, and some countries use means to undermine Asia's image and economic development." "Some people are just thugs, not masterminds."

From a higher level, it shows that Soros is just a thug in the foreground, and the real black hand may be someone else.

The next day, at the 30th ASEAN Foreign Ministers' Meeting in Kuala Lumpur, the nine foreign ministers issued a joint statement expressing concern about the actions that have been orchestrated to destabilize the currencies of ASEAN countries for a little self-interest, and calling for joint cooperation to combat speculation.

Speaking at the opening ceremony, Mahathir, M.D., who hopes to undergo a major surgical operation to remove the cancer of the world's financial world, currency speculators, said: "We have recently seen a well-orchestrated operation to undermine our economy by destabilizing the currencies of the ASEAN countries, and while our economic fundamentals are good, anyone with billions of dollars in their hands can make the progress that has been made to destroy us." ”

On the third day, a potential quarrel between Southeast Asian countries and the United States erupted openly outside an international security conference in Kuala Lumpur.

Mahathir Mohamad publicly accused Soros of secretly manipulating and profiting from the Southeast Asian currency crisis in order to retaliate and punish Southeast Asian countries for violating their will.

The United States did not say who was behind the crisis, but repeatedly stressed that it was the Southeast Asian countries themselves that had problems, and a senior US official arrogantly demanded that Southeast Asian countries must restore their monetary order and that they must do what the IMF demands.

The high-ranking official's speech illustrates one point: Whether Soros cooperates with the US government or the US government cooperates with Soros, the actions and views of the two are the same.

At the same time, on July 25, Soros admitted that he had tried to persuade Thailand and Malaysia not to allow Myanmar to join ASEAN, but denied putting pressure on these countries by manipulating currencies, saying, "We cannot use Myanmar's liberal cause as an excuse for currency speculation." ”

And at the ARF meeting, when Mahathir accused George. When Soros was the mastermind of the currency crisis, US Secretary of State Madeleine Albright, who was present, immediately stood up to defend Soros, and the atmosphere was very tense.

On the evening of July 26, at a welcome dinner in Mahathir, Albright performed a hilarious burlesque.

Miss Albright, who attended the ASEAN meeting for the first time, had a small flower in her ears and sideburns, and appeared in front of more than 500 senior officials from all over the world, and she sang a self-composed song - "ASEAN Don't Cry for Me" based on the melody of the theme song "Argentina Don't Cry for Me" in the movie "Madame Peron" starring the famous American singer and sexy star Madonna

She twisted the waist of the and sang:

"Lao Tzu hastened to talk to your leader,

But they're playing on the golf course.

I had to go back to Sunway Park,

made a phone call to Soros,

Talking about the power of the market,

hatched a conspiracy plan,

What else did you talk about?

-- The truth or falsity of history. ”

Sunway Land, which is mentioned in the lyrics, is a resort near Kuala Lumpur and the site of the conference.

"Playing on the golf course" satirizes the extravagant, absurd and corrupt lives of some uneducated bureaucrats in ASEAN, whose corrupt extravagance has led to the country's poor governance, and they shift the blame for the chaos caused by the poor governance of the country to Soros.

"Plotted a conspiracy plan" shows that it is an admission that he and Soros conspired to plan the Southeast Asian financial crisis, but in fact it is a satire that Southeast Asian countries accuse the United States of plotting a conspiracy plan behind the scenes, which is absurd.

This kind of humorous little song that is both solemn and harmonious has indeed made the heads of state of Southeast Asian countries cry and laugh.

Burns, a spokesman for the U.S. ******, hurriedly explained to the audience: "It's pure humor, you don't have to take it seriously. This show is both entertaining and self-entertaining. ”

American-style humor not only satirizes the stupidity and incompetence of Southeast Asian leaders, but also expresses the mood of Americans at the moment, that is, one word - cool!

A small piece of music immediately put the leaders of Southeast Asian countries in a disadvantageous position and lost face, which shows how superb the political quality of American politicians is.

But even better is yet to come.

Since you suspect that I, Soros, have opened the fence of your house and attacked your yard and stole your family's money, then, let's confront each other, when did I get in, how did I steal it, and did I have witnesses and evidence? If not, please shut up and sue you for defamation.

On August 23, the news came out that at the World Bank meeting, Mahathir Mohamad and his rival Soros will "go to court", and the two sides will have a public debate on the Southeast Asian currency crisis.

For a while, the news media moved when they heard the news, so these guys who make money by earning eyeballs, seizing the hot spot is equivalent to grabbing the money bag.

On this day, Gulen, the World Bank's senior adviser on foreign affairs, confirmed to the news media that it is true that both Mahathir and Soros have been invited by the World Bank to be keynote speakers at the opening ceremony of the World Bank's annual meetings, and that the specific program has been scheduled. On the afternoon of September 20, Mahathir will deliver a speech entitled "Asia is an Opportunity", while Soros, whom he refers to as a "thief", will give a speech on "Global Integration" on the afternoon of September 21. (If you are an advocate of global integration, why attack and obstruct the free trade zone at the same time?) Could it be that the purpose of globalization is so that thieves can go to other people's homes and steal at will? ）

There's a little coincidence here.

It turned out that Soros was not included among the guests at the World Bank annual meeting, and the original arrangement was that the director of the World Bank would be the keynote speaker that day, but because he had something to do temporarily, he invited Soros to make up for it.

This coincidence, like the Soros airport coincidence with the head of the Bundesbank, is a once-in-a-century event.

Liu Si believes that this is also carefully planned, in order to add a little condiment to the annual meeting, so that the media will follow suit, for Soros, for the World Bank, it is a free super advertisement.

For a time, the whole world was full of expectations for the "Marceau".

The next day, Mr. Mahathir said he did not want to meet with Mr. Soros, calling the American billionaire who led to the Southeast Asian financial crisis the quintessential "stupid man" whose wealth Malaysia and several other countries had accumulated over 40 years destroyed overnight.

"We are not against speculation, but we are against manipulation and subversion, especially by the rich who can manipulate the rise and fall of prices, because they are the ones who are just rising to make the poor people in those countries even poorer." He said.

Mahathir's evasion has given the world more reason to believe that Malaysia's own economic problems have caused the currency crisis, not Soros's attack, otherwise, you don't have to be weak-hearted, and you don't even have the courage to "go to court" with the "thief", so who would dare to believe that someone stole your money?

The thief is justified and not timid, and the person who is stolen squeaks and is cowardly?

Mahathir dropped another point.

On 27 August, the ringgit fell to 2.83, the lowest level since 1973.

Malaysia's Finance Minister Datuk Seri Anwar Ibrahim announced that he would remove the tax on foreign investors who buy real estate in Malaysia and pledged that the government would take steps to reduce the current account deficit.

On 28 August, the ringgit fell to 2.88 ringgit to US$1.

Pierced all the bottoms.

That evening, Mahathir Mohamad spoke, saying: "We have positive intelligence that Soros is involved in currency speculation, of course he is not the only speculator, there are other people involved, but it was started by him." ”

At the same time, he stressed: "In fact, Soros has more or less admitted to being involved in this matter, and he thinks that by pressuring the Thai and Malaysian governments, he can prevent Myanmar from joining ASEAN, and we know that some people in Myanmar are influencing him, and we have enough evidence to prove this." ”

Asked whether his quarrel with Soros would lead to a reduction in foreign investment in Malaysia, Mahathir said categorically: "We have no choice, if we continue to remain silent and hope that it will not affect the confidence of foreign investors in our country, in the end we will have to pay a very high price for these investments." ”

On August 30, 1997, Mahathir made a televised speech.

He called on the people of the country to unite in the current financial crisis, and at the same time, called on the people to only buy and not sell when the stock market falls, and not to engage in any speculation that will lead to the depreciation of the ringgit, and he promised that Malaysia is ready to deal with the "robber speculators" who manipulate the ringgit and the stock market.

"Billions of ringgit will be used if needed." This is a sign of the government's determination.

At the same time, it was announced in the televised speech that the Provident Fund Board, the Pension Trust Economy and the National Trust Fund would enter the market to protect the stock market and allow listed companies to buy back their own outstanding shares.

"These thief-like speculators have led to an increase in the number of poor people in Malaysia, who have lost 100 per cent of their assets." He said what happened in Malaysia proved that a borderless world can be a "forest of beasts". Equestria is a small country and can't afford to shut it down, but "we're going to learn the techniques to survive in the forest eventually, and we're going to use them against the beasts of the forest." He candidly admitted that foreign capital earned 400 billion ringgit (about $140 billion in the case of the devaluation). Reduced Malaysia's per capita income from US$4,600 to US$4,200.

It should be admitted that Mahathir Mohamad is a very responsible head of state in this matter, and his handling methods are also very strong, which is also one of the reasons why Malaysia recovered relatively quickly and Thailand recovered more slowly.

Compared with some countries, the people of Malaysia are really much happier when they ignore people's lives and property, cold-blooded indulgence of the stock market, indifferently watch fakes run rampant, and plunder the people by force.

At the very least, Malaysia has a good prime minister.

Moreover, he was the first to see through the Western conspiracy, and he was also the one who saw the Western conspiracy more deeply.

Those who study medicine are often more profound, and Mr. Lu Xun was born in medicine.

Immediately, the Chinese in Malaysia also followed suit. The Malaysian Malaysian Chinese Association, the Chinese Assembly Hall Association, and the Chinese Chamber of Commerce and Industry Federation issued a joint statement to fully support the Mahathir Mohamad rescue campaign, and asked the overseas Chinese in Malaysia to have money to contribute and make a strong contribution, and a huge rescue campaign began vigorously.

On the same day, Deputy Prime Minister Datuk Seri Anwar Ibrahim refuted rumours that he had been forced to resign as finance minister, saying it was an act of sabotage with bad motives and aimed at shaking the hearts of the people.

In an interview with Mahathir on September 2 with CNN in the United States, Mahathir reiterated that Soros was behind the crash in the ringgit. "Soros has admitted that he was involved in this event, and Soros said that of course he didn't get involved too much, but we know that he has set up several big funds, and these funds are used to bring down the ringgit, and the result of them doing so, of course, is that other funds have followed suit," he said. ”

On this day, Soros reacted, saying that not only did he not sell a single child, but on the contrary, he was the largest buyer of ringgit. Not only did he not smash the plate, but also out of the spirit of humanitarianism, he entered the field to help the Malaysian government protect the plate!

It's even funnier, it's the same as saying that not only am I not a thief, but I've also sent a lot of things to your family. Of course, Soros contradicts the previous statement that he did not participate in currency speculation, and since he did not participate, how could he buy it?

Soros slapped himself lightly.

Fortunately, no one in the media at that time grabbed this.

On September 4, overseas speculators hit the ringgit more violently, and huge overseas funds sold out, and the ringgit fell below the psychological barrier of 3 ringgit to 1 dollar at noon closing, and the stock market also plummeted, falling below 45% of the index at the beginning of the year.

In the evening, Malaysia announced that it had lifted the short-selling restrictions on 100 blue-chip stocks and postponed the controversial Gong Dam and other major infrastructure projects indefinitely to free up funds to bail out the market.

The next day, the ringgit bottomed out and other Southeast Asian currencies also stopped falling and recovered, and Malaysian officials were encouraged by the sale of dollars in the market.

Take advantage of the victory and chase it!

Seeing that market confidence has recovered, the Malaysian government has decided to give the market another shot in the arm.

On September 6, Anwar Anwar said in a speech that despite the ringgit's plots, Malaysia's economy has not been affected, and economic growth can still be maintained at a high level of more than 8% in 1998, and in response to the current account deficit that some foreign investors have been holding onto, he said: "The emergence of a deficit is nothing new, the government has always been concerned about this issue, and has even set up a cabinet committee headed by Mahathir Mohamad to deal with the deficit problem." ”

On September 7, a series of government publicity and bailout policies came into effect, and the ringgit soared to 2.89, and the stock market soared 9.1%, with blue chips rising even more impressively.

According to Soros's reflex theory, market analysts are optimistic again, generally bullish on the stock market, and predict that the ringgit will return above 2.6 and remain stable for a while.

Due to the occurrence of the financial crisis in Southeast Asia, the 30th World Bank meeting has become the focus of attention of global political and economic leaders.

Hong Kong, which has just returned to China, has attracted 16,000 senior government officials, dignitaries, bankers, financial magnates, and more than 2,000 journalists who have gathered in Hong Kong to grab a headline that may shock the world.

On the evening of September 19, Soros hurriedly checked into the Ritz-Carlton Hotel in ******** under the protection of eight big men.

Judging from this person's security specifications, Soros is actually equivalent to a monarch.

You must know that at this time, the United States is like the remnants of the Great Qin Empire, and there is a tendency to finally take over the palace and dominate the rivers and lakes, and Albright's graduation thesis is just a little bit of a leak. At this time, Europe, ASEAN, Japan, and even China are all in a hurry to rise, and all those who have the momentum of rising must be fought. If a small fund manager can destroy the country without bloodshed, then the role of this fund manager is not equal to an army, or even a group army?

Isn't Thailand just making a fuss about the resignation of the prime minister, the change of office of four finance ministers, and the bankruptcy of dozens of financial companies?

The value is simply too great!!

In the game of interests between countries, everything that can be attacked by literature and surrendered without a fight will be attacked by grammar, and everything that cannot be resolved by civilian means will be solved by the military method of war, such as Iraq.

Therefore, Soros's net worth and life must be strictly protected.

If Qian Xuesen is equivalent to a division, then Soros is equivalent to an army!

At this time, Hong Kong was also permeated with a tense atmosphere of being ransacked by international speculators. In fact, Hong Kong people also know that Soros's trip is not good for those who come, and those who are good are not coming.

But this cunning financier is indeed a clever guy. When asked by a reporter about the situation in Hong Kong, he was full of praise for Hong Kong, insisting that Hong Kong's economy is in good condition and that it will never be attacked by anyone, and it is impossible for the attack to succeed.

And the Marceau meeting that the reporters were looking forward to did not happen.

Mahathir Mohamad resolutely refused to meet with Soros, and in the face of the elites of the world's financial system, Malaysia's upright prime minister even said something like this: "I believe that foreign exchange trading is unnecessary, meaningless and immoral, it should be banned and made illegal, and foreign exchange trading should be restricted to import and export trade." And hope that Soros, a speculator who has brought turmoil to world finance, will be punished with *** and submitted to Interpol.

Soros dismissed this and retorted-for-tat: "Mahathir's suggestion is very inappropriate and not worth taking seriously, and he, Mahathir, is the one who poses a threat to Malaysia." "If the government interferes with the free convertibility of currency at this critical time, it will undoubtedly concoct a catastrophe, and Mahathir Mohamad will become a sinner who endangers his country." And he, Soros is a big hero and benefactor in Malaysia, because he claims to be the biggest buyer of ringgit.

He repeatedly said that Mahathir used him as a scapegoat to cover up Mahathir's failure to deal with the depreciation of the ringgit, and stressed that his groundless accusations were unfounded, and he did not participate in the depreciation of the Malaysian currency from April to August, and the funds he managed were instead buying, but because of Malaysia's own reasons, it could not reverse the **** decline.

"Mahathir Mohamad has repeatedly made false and vicious criticisms of me, he has only complained to his own audience, and if there is an independent media monitor for Mahathir and his remarks, the Malaysian prime minister will not be able to escape the blame. Press freedom is as important in Asia as anywhere else in the world. ”

"Mahathir Mohamad is to blame for mismanagement, and Malaysia has been having problems with credit over-expansion."

In 1996, Malaysia's credit was 1.6 times its GDP, and bank credit alone had reached 57 percent, even worse than Indonesia's worst country, and that the Malaysian stock market crash occurred after Mahathir warned foreign investors by imposing restrictions on stock market trading, suggesting that it was his own mistakes that caused the market to plummet, not Soros.

U.S. Treasury Secretary Rubin, a Wall Street veteran who has also engaged in foreign exchange speculation, was also dragged into this war of words by reporters. "Global trade in goods and services is indivisible, speculation is part of secondary market behavior, and if you're going to trade commodities, then you have to do that," Rubin argues. ”

Before the World Bank meeting, people thought that most people would stand on Mahathir's side and unanimously denounce Soros, but it turned out to be a situation where Mahathir was vexatious and the majority of people were on Soros's side.

Mahathir Mohamad was deeply disturbed and reversed himself, accusing Soros and his ilk of political conspiracy to choose ASEAN because of Myanmar's imminent accession to ASEAN.

Soros argued that ASEAN has a responsibility to help Myanmar's poor and that Myanmar's accession to ASEAN is constructive.

There has been a 180-degree U-turn in attitude, and he has sung the praises of ASEAN's absorption of Myanmar, so that Mahathir's attack on his political intentions is self-defeating.

Mahathir is obviously at a disadvantage economically and politically, and it is clear that Soros is behind the mastermind.

At the same time, Soros is dismissive of the "Asian values" advocated by Dr. Mahathir.

At this annual meeting, Dr. Ma delivered a lecture entitled "Asia is Opportunity", the core of which was a reproduction of the concept of the historian Mr. Paul, whom I introduced at the beginning of the article.

In a slightly mocking tone, Soros concluded: "The emphasis on Asian values is nothing more than a good excuse to resist the idea of democracy." ”

It seems that Asia represents dictatorship and ****, and Asian values are dictatorial views, which obviously distorts the spirit of the speech of the leader of Malaysia, but such a label is extremely inflammatory, and the attack is also very powerful.

This is no longer a contest of economic and technical implications, nor is it a contest of economic concepts, but a real political wrestling.

The two of them are in the same meeting hall, close to each other, but they never meet, you come and go, and attack each other.

And the funniest thing is that at this huge meeting of bankers, financiers, and economists, discussions and discussions, but it was the completely free economic theory put forward by the United States that prevailed, that is, the best way to deal with banks and financial institutions that fell into a financial crisis was to let them go bankrupt, otherwise, if there is government intervention, then it cannot be regarded as a market economy country, and therefore, it cannot be given market economy status.

In a word: there is absolutely no way to save the market!!

The purpose of such a prescription for Southeast Asia is to make the banks and financial institutions that are still in the financial crisis in their death throes die immediately, otherwise the government will either act in a real market economy or grossly interfere in the market, which is exactly what they believe is the essence of a market economy.

This is also the position that the National Monetary Fund has always adhered to, and even made it a condition for its assistance at one time.

And the absurdity is that in the financial crisis 10 years later, when the financial crisis broke out in the United States, the government was actively bailing out the market and saving the market with government actions. Isn't the United States a market economy country?

Even due to the financial crisis 10 years later, when Freddie Mac and Fannie Mae fell to about $4, China's national fund wanted to directly acquire two real estate companies, but the U.S. government blocked the rescue of national capital with administrative obstruction, or acquisition.

Who fooled whom, and who was willing to be fooled??

The battle of Soma ended with Mahathir's "dumb people eat coptis chinensis, and they can't say their bitterness", and his famous saying that "if you are backward, you will be beaten, and if you lack heart, you will be beaten" will always be remembered by us.

At the same time, we should remember Warren Buffett's words:

"The fool and his money are welcomed everywhere."