Gorge Soros - period 1: Genius or vandals.

Gorge Soros - period 1: Genius or vandals.

George Soros earned about $ 1.1 billion in the first mission of the pound in 1992 and is known as "vandals Bank of England".

Investors greatest financial history, money speculators 20th century's greatest heroes and criminals of the world, as subversive of global financial markets ... is the title of the book is all George Soros - a billionaire most successful in the field of capital investment, the business is full of personality and the name has become very familiar with Wall Street.

The name of George Soros is best known in the world financial market speculation over the pound in 1992.

Black on Wednesday night (Black Wednesday) 16.09.1992, George Soros became famous suddenly when you do not have the value of the British pound equivalent of $ 10 billion, and profit from the Bank of England by the choice of the currency or raise interest rates on par with other economies in the Organization for common use in the European exchange rate mechanism, or floating the currency.

Finally, the Bank of England was forced to withdraw the pound from the exchange rate mechanism of the European and devalue the pound. George Soros earned about $ 1.1 billion in this mission and is known as "vandals Bank of England".

The neighbor of George Soros once revealed, to see the weakness of the pound in that time, George Soros urged subordinates to take advantage of their preparation for the "attack" on the This money.

Summer 1997, the financial crisis - the Asian currency, George Soros again "beat" the currency of the country in Southeast Asia that fall into sight.

Starting in Thailand, the crisis domino effect quickly spread throughout Asia in the next several months and, as a corollary, the stock markets in Asia plummeted quickly. George Soros's hedge fund allegedly put pressure on the currency to benefit directly from the investment strategy of the coin.

George Soros rejected the allegations and said that his fund merely profiting from the weakness of the global financial system that everyone knows. The investment strategy of the fund is based on the analysis of macroeconomic trends are taking place or are taking place soon identified in some countries.

Next victim of George Soros lines affected by the Asian economic crisis was the U.S..

This crisis wave swept Wall Street in January to 10/1997 and has caused psychological fear will lead to the collapse of a series of financial markets around the globe should have sparked waves of selling in U.S. stocks on 27/10. Also on that day, the Dow hit a new record when dropped 554.26 points, breaking the record of "On Black Monday" in the United States in 1987.

List of victims of George Soros has been stretched out so far, including the Russian financial crisis in 8/1998 when the company international speculators attacked the ruble. George Soros have made unfavorable comments made within the first hour of trading, the Russian stock index has fallen 12%, and 5 days later, the ruble has lost 25% of its value.

The facts on which George Soros is known as a cash speculators "greatness" of the 20th century. Wall Street and the global financial markets pay attention to George Soros because they think he is the character of one of the world's financial world, there is a possibility of "a hand covering the whole sky," when he can take any value any money or cause the economic crisis with a few comments on the market, or an act of investment securities, certain currency.

There are two sets of conflicting opinions about George Soros evaluation. On one side he is considered a genius in the financial business, a side view him as an intruder and economy of the national currency. He often become characters allegedly involved or perpetrators of the crisis or the economic instability - finance for the country he had ever come across, has been investing in ...

Analysts said that George Soros is short-term speculators, operating profits of his highly identifiable, investing large amounts of money, but bring plenty of gambling on the basis of market fluctuations global finance.