sorry darkhorse i didn't mean to insult your hero. also i didn't say i could "do" what he did, but give me the backing of the world bank and let me put pressure on a small economy's currency and i will win if i have more money!!!! many foreign leaders consider your boy a criminal. i'm not trying to attack you personally but your last comment was more than a subtle attack on myself. as far as soros dodging taxes, i'm fine with it just tell him to shut his big fat liberal philanthropic mouth.
He's not my hero, just an early influence, and I agree with you that his political ideas are crap. I believe in free speech though, which means he has the right to say idiotic things if he wants. I also think it's stupid to blame any speculator for a currency implosion. The real world just doesn't work that way. Even a hundred billion in leverage would be peanuts on the international scale, not to mention that an artificial decline would immediately be halted by those who know what's really going on. If you don't like what happened in Malaysia talk to Mahathir Mohamed. Blaming Soros is like blaming shortsellers for bringing down Worldcom or Enron. I'm not his defender, just a defender of common sense.
darkhorse, we would probably agree on many things but not on this one. "we" probably both think we know how things work in the real world, and admittedly i am probably much more cynical when it comes to anyone that is in bed with the world bank/imf. their track record is just so bad i can't help but believe they know what they are doing. and yes i do blame them for what's happening in argentina and what's about to happen in brazil!!!!!!!!!!!!! let me guess, you blame the politicians....and you know what, i would say there is truth to that also, but the rot usually starts with the head.
Gee fasterp, I tried to PM you just like Goldenarm demanded. Yet you didn't answer me there. But here you take the opportunity to criticize me in public. I guess I just can't win. I even asked you before to point out how I was "heckling" SE...but you gave no response. You only talked about how I had nothing of value to say in my threads (in which you did not participate). So it seems that you are offended by my questioning some of SE's positions. He, however does not seem to have a problem with me. I was quite certain you and SE were one and the same. Now I have my doubts. He is bombastic, and outrageous and funny, and also (I believe) sincere in his efforts to actually help other traders. You however seem to be just a cheerleader for him, and an instigator of dissent. Again, please show me where I have "heckled" SE, and please give me an example of what I said in my threads that you found baseless, false, flawed or worthless. I would appreciate a mature response. Thanks!
I agree also that IMF and WorldBank are useless at best and rotten at worst- I just don't think ANY speculators have that much power in the big scheme of things. Soros can't move markets for any significant length of time and he knows it, which is why he doesn't try. If you want to see a study in grandiosity, look at the Hunt Brothers. When an economy or a country goes in the toilet it is usually for a whole host of reasons, similar to when a company goes bad: poor leadership, poor decisions, wasteful spending, high taxation, low productivity, hostility to foreign capital, socialistic policies, reckless fiscal stimulus, crony capitalism, etc. etc. etc. It starts with bad leadership but by no means ends there. To assign blame to one group or one person is a vast oversimplification. By the time the short sellers step in, the damage has already been done and they are just helping the liquidation process (and providing stability when they cover). If there were no short sellers, things would float along looking just fine while the pollyannas held sway- and then suddenly crash through the floor with no warning and no respite. Realism if not pessimism is a valuable stabilizer for the excessive hoping and wishing that all politicians are prone to engage in.
the proof is right there in your posts, and many agree with my assessment. ask all the ques you like but don't disrupt the normal flow of this thread. (or the new one) OK?
Ah, well there is a very specific answer...."the proof is right there". WHERE is right there? As for many agreeing with your assesment, I guess you haven't read the responses on that thread. Go back and take a look! And what is the "normal flow" here? And why are you doing this? Why not answer my PM?