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George Smith, the initiator of the 97 Asian financial crisis. Soros passed on the throne of his fourth son and officially retired!

author:Siaofong watched
George Smith, the initiator of the 97 Asian financial crisis. Soros passed on the throne of his fourth son and officially retired!

Soros, who has an aging face, maintains a clear mind

It is known that the notorious "financial predator", a Jew born in Hungary in 1930 - George . Soros and his fellow believer, Warren, who is respected by world investors. Warren Buffett has led the global financial investment industry for the past half-century.

Fortunately, both are born with extraordinary financial investment capabilities and have made extraordinary achievements in their respective investment fields; Unfortunately, the former relies exclusively on speculation and speculation, and adopts unconventional operation methods of "short buying and short selling", which has caused a devastating blow to the investee, so that it is still not welcomed by the mainstream of the industry, while the latter follows the objective development law of the stock market for life and achieves the investment principle of win-win for all parties, so it is respected by most investors around the world.

As a stock market shorting expert and maker of the 1997 Asian financial crisis, George W. Soros used this shocking shorting of the Thai baht, the Thai baht, which once caused an extreme depreciation of the Thai baht and completely destroyed Thailand's fragile currency market. After achieving the first large-scale disruption of Asian financial markets and making $1 billion, Soros, who had swelled his selfish desires, chose Hong Kong, which had just returned to China, as his next target.

George Smith, the initiator of the 97 Asian financial crisis. Soros passed on the throne of his fourth son and officially retired!

In October 1997, the third month of Hong Kong's return to the motherland, George H. The stock market short-selling investment expert group led by Soros suddenly fell into Xiangjiang, bought all at a low price, and threw all of it at a high price. For a time, Hong Kong's interbank lending rate soared to 300%, and the Hong Kong stock market Hang Seng Index plummeted from 13,000 points to 9,000 points in an instant.

With the stock market on the verge of collapse, Hong Kong's real estate and foreign exchange markets have been implicated. Housing prices were cut down, the value of Hong Kong dollars fell instantly, and customers who exchanged Hong Kong dollars into US dollars at the doors of major banks lined up in a long line.

The newly established Hong Kong government, China, had to send the first emergency distress signal to the motherland. After the central government invested a lot of rescue money, the arrogant George . Soros's space regiment was finally defeated by China's powerful yuan, suffered heavy losses, and fled the Hong Kong financial market in ashes.

George Smith, the initiator of the 97 Asian financial crisis. Soros passed on the throne of his fourth son and officially retired!

George Soros leaned into the political field

On Friday, local time in the United States, George, who is about to celebrate his 92nd birthday. Soros officially transferred his Open Society Foundation investment company to his 37-year-old fourth son, Alex. Soros.

The author found on the Internet that the Open Society Foundation was founded by Soros Sr. in 1979 and mainly manages its assets worth billions of dollars. In December last year, Soros Jr. was elected as the new chairman by the general meeting of the fund company's shareholders.

The author concludes: As the two oldest top investors in the financial industry born in different months of the same year and the world, Soros and Buffett have a love for the financial industry, natural market insight ability and bold investment strategy, allowing them to achieve their own desired results in the same field, although the ways and means are different, but it does not hinder their contribution to the development of the global financial industry.

Nowadays, the former financial predator announced his official retirement, and when Buffett, who is respected by investors as the "stock god", will follow up is still a mystery, and it is estimated that it is not far away!

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