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hi vitruvius,

alrite u do have a point. but i dun think u r a citizen of any of the affected asian nations. u have no idea wat is it like to feel when many of your friends r force to quit studying college & work to supplement their family/parents income OR the exchange rate skyrocketed that small & medium sized companies go bust as their suppliers can't pay up & friends cannot continue their overseas education.

well, u r trying to say that local conglomerates could not have an idea on the future on wat will happen, when they borrowed too much money? gee r u saying they r stupid or something???

anyway, i cannot prove wat soros did nor support your theory on dumb conglomerates.but, soros did make lots of money from it. & through it all, only financial traders & speculators knew the economic crisis will be coming & NOT one single person in asia could have predicted it.....hhhmmmm.......wat an interesting theory...

dr mahathir of malaysia implemented some capital controls, which was not like by the western economies.they were complaining about corruption & the like. but malaysia got off pretty well compared to other of the countries. they issued bonds & did not beg much money from IMF.

look at south korea or indonesia, could it be that they have no educated people to foresee this problem nor devise their own solutions instead of depending on others.they never did sent their children for education is it????

talking to my friends in malaysia-when the crisis started,thailand was the first to go when the central bank can no longer prop up the thai baht & let it free float.then it happen very fast & every asian country took a hit & nobody knew what was happening,it was as if doomsday was approaching & nobody had any answer. when the capital controls were implemented, it brought some stability to them & hope..... in spite of the criticism from the west

Anyway,wat a pity NOT even one asian could have predicted it?? why is that so? but china could protect hong kong from soros onslaught b'cos they have the financial capability & so did singapore...those were interesting times i lived in, to see who could stop this madman/who ever it is from profiting at others lives & dreams

wateva it is.... u can never bring back people's future(force to quit study to find any work),dreams(no job to feed family),jobs(companies closing down & go for cheap sale,it comes with downsizing too-FYI),lives (indonesia racial riots)& etc.

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