When the Asian financial crisis hit, it was something the world hadn't seen since the 1930s. For the first time since World War II, …
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When the Asian financial crisis hit, it was something the world hadn't seen since the 1930s. For the first time since World War II, …
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48 comments
Itβs amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of βremaining competitiveβ. This leads to another financial crisis. Itβs completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
In 1979 with Deng's opening to the world when a sudden rush of foreign investors to capitalise on the cheap Chinese labour after Mao's death. ,"Made cheap, sell expensive." not realising 'over productions' not conforming to 'supply and demand'. Borrowed money become 'fossilised' with corporate compound interest incurred in slow sale demand..VoC(Volatility of Consumerism).
You can imagine after the 1997-98 crisis was happening in Indonesia, It took 12 years for Indonesia to restore its pre-crisis GDP trajectory, which started in 1997. But, during the Jokowi's leadership, Indonesia's economy has a tendency to stagnate and didn't growing so well. I have a big hope that our new president can increase our GDP growth to at least 6.5 percent, and i hope this kind of crisis won't be happen again in Indonesia
Is the audio in this video ai generated?
it's not that they don't learn, they just don't care. how many of these people have been convicted? …………. exactly
The IMF is not made a mistake. They did it on purpose. π π π
Very comprehensive and interesting video!
Hahahaha.. I would be more worried about Germanys economy ππ
They arent "high-tailing it out of the country" after trading currency pairs. This profound lack of understanding of might be contributing to germany's current problems. Money is only worth what it can do, so cash sitting in an account isnt helping anyone. Leveraging assets to invest in growth fuels growth. If you wanted to buy a car, and 2 of the exact same car had 2 different prices, would you be indifferent or take the cheaper one? If after you bought the car, someone offered you twice what you paid, would you tell them they could buy a new one for half that? If you did and they insisted on purchasing yours, is there anything wrong with selling it to them, and buying another and keeping the difference? The ethos is that as long as the markets are transparent – that no one is acting on better information than anyone else – and access isnt arbitrary (everyone can participate) then the markets are "fair." Rather than get angry and come up with counter arguments, look at history – regulated free markets and strong institutions + capital investment = growth. Reality: a load of currencies shouldnt exist; from south america, across africa, and asia, countries have been suffering since the 90s mostly because they couldnt produce the same CONSISTENT strong growth as the countries backing reserve currencies. Its misguided at best, and really dangerous for those involved, like a high-schooler playing in the NFL without protective gear.
Stop complaining about how the medicine tastes, it wont change how necessary it is.
Entities pushing buttons and manipulating the FX markets should be illegal. New regulatory stability has to be restored. The Banksters have to go. I'm a US citizen, the 08 housing blowup has made a mess of residential prices. Renters are totally screwed. Younger people entering the workforce have impossible hurdles placed in their way.
What causes Thailand to lose currency? Fixed exchange, what causes to lose currency because they didn't print enough money or didn't have enough money? I understand they tried to peg against the us dollar. I don't understand why the Thai baht couldn't keep up? What does it mean when they say their government stop defending the Thai baht?
Zeigt denen, wo wie was Verosten Museum Basel gibt……….? Wo ist der Verosten Autos Marken………?
Jedes Jungs + MΓ€dchen mΓΆchten Sie sich gut auf dem Netzwerk verkaufen……………! Angebote & Nach Fragen May Day Neuheiten & Typ damit man sich BemΓΌhungen gegeben haben
Wo sind die Marketing & Nachrichten Dienst…….? Welcher Typ Airplan Sam Chui war verschwinden…………..?
Oh Man, gibt es schon lΓ€nger keine May Day Anmeldungen……….,………….
Calculated gambling is all. No sweat required just poker tablesπ
documentary was good and logical until the B.S climate change was spouted out just another fear mongering trick to get the very last cent out of the world's working classes
Thompson Kenneth Smith John Thomas Joseph
At 11:51 The IMF is not mandated to oversee the global financial markets, this is grossly inacurate
Untuk menjaga agar negara aman dalam sisi ekonomi maka disaat negara surplus anggaran maka harus disediakan ruang kelonggaran sebagai rasio keamanan modal , dalam hal ini GDP sebagai variabel acuannya.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Bananas
Banyak faktor yang bisa mempengaruhi krisis tang semua nya adalah akibat akumulasi dari pelemahan pada sub sub lini
i wish DW would make a documentary about the bank for international settlements a lot on interesting stuff there
This current market panic seems to be fueled by the upcoming nov. elections and rumors of WorldWar3. I have a little over 250k Intend to put in the markets but I donβt know what direction to head now.
Most issues in the world today come from corporate greed.
this sums up how evil financial engineers of the USA and IMF can create havoc to other world economies.
Am I the only one to spot that "out of sync" weirdness at 3:15 ??
Evil IMF, corrupt rotten foreign bankers robbed and destroyed Asia economic development
No mention of Malaysia AT ALL??? The only country that did not borrow from the IMF during that severe crisis and successfully averted the crisis by going against US Instructions. Is it not worth mentioning at all? πππ
If you get to a point where you need the IMF to step in, isn't it already to late?
I was a university of Indonesia student 1995-1999, so I witnessed the crisis brewing, Thailand baht tumbled, rupiah exchange rate band removed, inflation soared, students demonstrations and shooting, the 1998 riot and rupiah hitting 17000 per usd in intraday (blackmarket hit above 20,000), Suharto resignation, both my parents lost jobs, then the Reformasi Era.
I still can never take big bets and always keep spare cash and always low debt level. The crisis taught us that you never know when crisis hits.
When 2008 happened, I was a reporter for Bloomberg. I remember saying to one of my editors in early 2008 "the west never learned from Asian 1997-1998 crisis. This can blow up" it did few months later. I was pissed.
How much IMF wanted to create disruptions so it can 'save' the day and become important as part of globalism…
Not even a slap on the wrist
Great documentary, as always.
the script really writes itself. US fund managers use predatory short selling and Soros is at the helm π
Economic equilibrium?
This is good, but not as good as "Inside Job" directed by Charles Ferguson
I am very disappointed by the use of artificial upscaling here. The image quality, in my opinion, looks worse when upscaled. The image looks way too smoothed.
too bad the IA used to "enhance" the old footage actually turned it into such ugly images…
What an absolutely wonderful documentary!
As a young 29 year old in 96
buying my first home, I was happy that rates had dropped….but didn't know why. Flight to safety in US treasuries lowered our rates during the Asian crisis. I guess we got pay back in 2008
15:25 I cannot and do not look at the social consequences of what I do. -George Soros
thatβs all you need to know about how these individuals think
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank π
The central logic here is spurious. Deregulation of financial markets does not βcauseβ financial crises and economic instability, it amplifies it. Speculation and financialization are forms of commodification that result from widespread use of markets and the price mechanism. Neoliberal policy does not βcauseβ financial crisis, it merely accelerates and reveals it.
The West must survive…ππππ
We need a New World Order πππππππππππππππππ
thanks
Its all a story, like the bible, harry potter and human rights. So only the authors decide what the story will be. We only get to read it. Dont try to find any logic in it, even tho its a sector with numbers and numbers mean you need math. Its still a fictional story where they try to make some sence for the common people to understand why they are always poor…
9:14 what is that holy s***?