Chapter 0059: The Truth Is Revealed
"No, no, no!"
The furious Junji Sato couldn't accept this result at all.
In a hurry, his face quickly turned black, his eyes were suddenly bloodshot, and after shouting "no" three times in a row, he screamed, and a large mouthful of black blood spurted out, and the whole person fainted on the spot!
Equally shocking was the foreign exchange market, where large hedge funds, which had just been on the sidelines, sensed the end of the world.
They threw away their armor and hurriedly closed their positions and fled for their lives, but Qiao Tianyu didn't want to let them go like this!
Qiao Tianyu then made the last call of the day, "Close the door and hit the dog!"
As soon as the call was put down, the Bank of Mexico took advantage of its abundant foreign exchange reserves and took the opportunity to reverse its operation in the foreign exchange market, carrying out high-altitude bombing and rapidly increasing the peso exchange rate.
For a time, the foreign exchange market suddenly changed, and the peso exchange rate turned sharply, and while quickly recovering the lost ground, it was once close to the normal floating of the fixed exchange rate--- 1:3.28!
The devastating actions of the Bank of Mexico made it impossible for all the attackers today to stop their losses and suffer heavy losses.
Especially like Junji Sato and his four partners, their losses across the normal exchange rate of the peso floated by --- 10%, a total of $400 million!
On the other hand, on Qiao Tianyu's side, their Mexican pesos are borrowed directly from the Bank of Mexico through Sanchez, and the Bank of Mexico authorizes it to do not lose or win regardless of the cost.
However, Qiao Tianyu is naturally not the master who has no money to make money, before Huaxia Bank entered the foreign exchange market and ate pesos, in fact, it was the agent entrusted by Zero Point Fund to Huaxia Bank.
And the dollars of the Zero Point Fund were made up by Qiao Tianyu, Rubin, George, and Dawson, totaling $1.5 billion, so their profit also came to $150 million!
Unexpectedly, a currency war that shocked the world and thrilled ended in just one and a half hours.
As a result of this currency war, Mexico successfully preserved the peso exchange rate, maintained the country's financial security, and Huaxia also kept its family.
And Qiao Tianyu also successfully broke the predicament under Junji Sato, and while protecting Huaxia's financial security, he also won Sanchez's trust.
But today everyone is still in the clouds, and there are many doubts in their hearts, not knowing what happened?
Didn't Sanchez want Qiao Tianyu to attack the peso exchange rate?
Why did Sanchez turn against the peso exchange rate in the end?
Didn't Huaxia advance $30 billion to Mexico's Western Railway?
What's the deal with his mysterious $50 billion credit?
As for the IMF, what the hell is it, and why did it come out and intervene?
Can't figure it out, no one can figure out what the hell is going on!
They had to hold Qiao Tianyu and ask clearly, Qiao Tianyu had no choice but to summon it truthfully.
In fact, it was not Qiao Tianyu who really played Junji Sato, but Sanchez!
It all started with the Mexican election.
Since 1994, Mexico has been in turmoil with peasant revolts and assassinations of presidential candidates.
The public generally blames the corruption and incompetence of the ruling party, so the Revolutionary Institutional Party is in jeopardy.
However, as a member of the Institutional Party, Sanchez certainly understands that he and the Institutional Party are both at the expense of the Institutional Party.
He's doing whatever it takes, and Institutional Party candidate Jeffrey Sessions is trying to turn the tide.
It was at this time that Junji Sato found Sanchez.
And Junji Sato found Sanchez's original intention, promised to give Sanchez a huge return, and then through the Western Mexico Railway Project, put China in trouble.
However, Sanchez saw an opportunity to help Sessions turn the tide.
Because candidate Sessions is a major in economics and served as the minister of Mexico's planning and budget department, he has a good set of economic and financial skills.
Moreover, Qiao Tianyu also found from the campaign materials he found that Sessions regarded his ability to stabilize the economy and finance as his biggest campaign advantage.
If Sessions wants to win the election, he must intensify Mexico's domestic economic and financial crisis, and then Sessions emerges as a savior to save the crisis, turning the tide, and his election victory is just around the corner.
And Junji Sato's plan provides just the opportunity.
First, by creating the peso crisis, it will deepen the financial and economic crisis in Mexico and let the Mexican people know that Sessions must save the situation.
Second, they can advance funds through Huaxia, and they can get 30 billion US dollars in foreign exchange reserves, so that Sessions can use this money to play the role of a savior and turn the tide!
So Sanchez agreed to Junji Sato's plan, and then found Qiao Tianyu and handed over the task of launching the war against Qiao Tianyu.
However, Sanchez is not a financial professional, and his understanding of the currency crisis is severely inadequate.
He did not know that once the currency war against the peso was successfully launched and the peso crisis formed, when the house collapsed and everyone pushed it, it would be an economic disaster that would affect the whole world.
At that time, the peso exchange rate will plummet in a short period of time, and all financial markets in Mexico, including stocks, bonds, and futures, will face a catastrophe.
The collapse of the Mexican economy will soon affect the global economy, and the global economic losses will be as high as trillions of dollars!
If all this happens, even if they have a meagre $30 billion in Huaxia's advances, it will be a drop in the bucket and will not help at all!
And the sterling crisis of 1992 just passed is a lesson from the past!
When Qiao Tianyu was in Mexico, after gaining insight into Sanchez's true intentions, Qiao Tianyu did not hesitate to find him and explain all this to him.
Sanchez changed color when he heard this, regretted that he almost caused a catastrophe, and asked Qiao Tianyu what to do next.
Qiao Tianyu also understood his anxiety about the election, so he proposed that in order to help Sessions be elected, the currency war could continue to be launched, but it must be kept under control.
And it is also necessary to let the Mexican people know that Sessions is strong in its ability to stabilize the domestic economy and finance.
So Qiao Tianyu and Sanchez jointly set today's strategy:
First, it continued to facilitate the signing of the Western Mexico Railway Project by China Energy International, but Mexico withdrew its request for Huaxia to advance US$30 billion.
Second, in return, Huaxia agreed to extend $50 billion in credit to Mexico in the event of a crisis in the peso.
This is why at the critical moment of the currency war, Huaxia can still take out 50 billion US dollars to reinforce Mexico!
Third, to protect the peso through the crisis, China's US$50 billion credit will not be enough.
The internationally recognized standard line for maintaining a country's financial security is $100 billion.
Sánchez listened to Qiao Tianyu's suggestion, and Mexico sent a representative to negotiate with the International Monetary Fund (IMF).
In the end, the two sides agreed that Mexico would receive a short-term loan of up to $50 billion from the IMF as a guarantee for domestic tax revenues......