Chapter 735: The Great Storm Has Risen
Guo Yongren returned home, and the matter was put aside, reading the newspaper every day, staring at the affairs of the United States, now is the time when money is urgently needed, the expansion of the security company needs money, more than 10,000 people need food, and the purchase and sale of arms needs even more money. Every day is an astronomical number.
The construction of Fucheng needs money, and at the beginning, Wang Jinsheng planned towards an international metropolis according to Guo Yongren's ideas, with wide roads, garden-like layout, emphasizing forest coverage, and all kinds of infrastructure must be in place, which required huge investment.
In particular, Charles has gone to Africa, where the construction needs more money, a laboratory that must be sealed must be excellent, the investment is quite huge, all kinds of equipment, personnel, etc., all require a large investment, and it is difficult to achieve results.
The time is approaching day by day, every day is a phone call from the United States, and it is a report on the movements of the White House, Guo Yongren is honest, he does not run around, and waits for news at home.
Time will not stop for anyone, this day has still come, September 22, 1985, this day has still arrived, and all the media in the United States have been notified to go to the Plaza Hotel, there is a big announcement.
On this day, U.S. Treasury Secretary James Baker, Japanese Finance Minister Noboru Takeshita, former Federal German Finance Minister Gerhard Stoltenberg, French Finance Minister Pierre Beregovoy, British Finance Secretary Nigel Brown, and British Finance Minister Nigel Stoltenberg Brown The finance ministers of five advanced industrial countries, including Nigel Lason, and the central bank governors of the five countries held a meeting at the Plaza Hotel in New York, and reached an agreement that the governments of the five countries would jointly intervene in the foreign exchange market and make the dollar fall against major currencies in an orderly manner in order to solve the huge trade deficit of the United States.
Because the agreement was signed at the Plaza Hotel, it was also known as the "Plaza Accord".
Today, the reporters were shocked by this news, there is no mistake, a few days ago the media was still reporting the analysis of experts, the dollar will continue to strengthen, and now the governments of the five countries directly intervene in the foreign exchange market, so that the dollar depreciates, it is incredible.
This news is heavyweight, everyone knows that after the news comes out, the dollar will definitely depreciate, the only question is how much depreciation, you must know that many people are optimistic about the appreciation of the dollar under the analysis of experts, this kind of people are not a few, in the world, it is even more, the storm has risen.
Not only retail investors, but also many funds are optimistic about the dollar, and now, all of them will face losses, which is certain, not sure is that I don't know how much I will lose, you know, there is a TV broadcast today, and the news will spread all over the world very quickly.
The Plaza Agreement of the five countries was agreed in the morning and released in the morning, and since the afternoon, there has been a huge amount of money that has begun to suppress the dollar, which is the country's funds, which are very abundant, and the market reaction is very fast, especially the US stock market and futures market.
The five countries are thinking very simply, suppressing a little bit every day, guiding the market to slowly depreciate, but they did not estimate what kind of big pit this is, Guo Yongren mobilized 50 billion US dollars, plus leverage, in this year, but a very terrifying amount of money, and has completed the layout, with the guidance of the five countries, Guo Yongren will make a lot of money, but the chain reaction will be more ferocious.
Anyone who sees this news has a thought in their hearts, either to short the dollar, or to quickly close the position and jump out of the pit, otherwise, this big pit will get deeper and deeper, so that you can't get out of it.
The trading volume of the entire Wall Street began to show a huge and high-speed rise, the efficiency is really fatal at this moment, one step slow, it is a big loss and a big profit, no one dares to slack off, the whole trading hall is shouting, either buying or selling, very crazy.
Wall Street in the United States is moving fast, but Europe is not slow, people who are sensitive to information have begun to move, several major economies in the world have begun to fluctuate, and huge amounts of money have begun to increase.
However, more people are too late, because of the time difference, many places have not opened, and some places are at the time of closing, after all, this year is not the future generations, and the circulation of news cannot be compared with the future generations, and many people have fallen into the pit.
Another day passed, the next day, the market began to react violently, the dollar opened and fell, and the trend is getting stronger and stronger, the governments of the five countries began to work harder, the foreign exchange market did not really close the market, but according to the time of several countries have been adjusted, people who know basically understand.
There was a wail in many places, but on the third day, the decline of the dollar suddenly accelerated, so fast that you can't imagine, this effect made the governments of the five countries stunned, and they couldn't figure out what the reason was, how it could be so fast.
However, this must be controlled, but how to control it, what we want now is to support the devaluation, so the five countries are hesitating, and they keenly feel that something is wrong, but they can't find it.
There are very few retail investors who can speculate in foreign exchange, basically they are institutions or funds, and these institutions are backed by banks and occupy the nine layers of the foreign exchange market, but this time they have become the main target of the pit.
Under Paulson's instructions, the umbrella investment company has laid out, but it tries to select customers with large bank guarantees, and this kind of customers cannot only speculate in foreign exchange, but also have a large number of positions in the stock and futures markets.
Now that the dollar is falling, it has completely trapped them, and the reason why it is so abnormal today is that those small institutions can't bear it and completely collapse, but it's okay for them to go bankrupt, there is a bank guarantee, and then this part of the money will be out of the bank.
These small institutions have a very heavy position in the foreign exchange market, so they are the first to be unable to withstand it, and the foreign exchange market dies, and the stocks and futures they hold are also finished, which causes a chain reaction.
Dominoes, one after another, the five countries have not reacted today, they have missed the best time, the chain reaction is accelerating, just overnight, the decline of the dollar began to accelerate again, and even the stock market and the futures market also reacted, although it is not very obvious, but this reaction is gathering.
A small fund institution, at least four or five stocks or one or two futures, this is not one place, so many countries in the world, how many such institutions will there be, think about it carefully, the energy of the storm is increasing.
The U.S. government is happy, their goal has been achieved, they have not noticed the hidden crisis at all, although they are happy now, but the future will decide to make them peel off their skin, and the chain reaction is not indistinguishable.
After a few days, the big institutions couldn't bear it, began to go bankrupt and collapsed, the stock market, the futures market began to have a large-scale chain reaction, the world was wailing, the stock market was falling, the futures were falling, the foreign exchange market was falling, this kind of horror was not expected by anyone.
Reagan saw that the situation was good and wanted to go on vacation to relax, but he was given an urgent appointment by Treasury Secretary Baker, Reagan was very relaxed, and he didn't know what the situation was now.
"President, we must stop the dollar from falling, otherwise, a global stock market crash cannot be avoided" Baker's hair is a little messy, and his eyes are a little red, which shows that Baker is under a lot of pressure.
"What, have you woken up, what the hell, our goal is to make the dollar fall, and now we have achieved our goal, you let it stop" Reagan looked at Baker with extremely strange eyes, are you dizzy, this is Reagan's heart.
Baker couldn't care about anything else at this moment, took out a lot of documents from his briefcase, put them directly on Reagan's desk, and began to explain to Reagan what is called a chain reaction, and what is the current situation in the stock market and futures market.
With Baker's explanation, the expression on Reagan's face changed and became solemn, whether there was a mistake, how could this be, how could the stock market and futures be like this, such consequences were not the United States, or rather, it was not what Reagan wanted, and it completely deviated from the original intention.
Just when Reagan and Baker were discussing this issue at the White House, the world's largest trend of jumping off buildings began, and all high-rise buildings on Wall Street were under martial law, but it was useless, these people were people from big institutions, with certain privileges, and they could always go to the top.
The United States, Japan, the United Kingdom, France, Germany, those economically developed countries, are jumping off buildings everywhere, and Hong Kong is no exception.
The five countries were stunned, how could this be, while they began to find the reason, they immediately stopped suppressing the dollar, but it was too late, the dollar had already shrunk by 40 percent, and everyone was shocked when they saw this data, how could it be, how could it fall so fast.
The Japanese currency has skyrocketed, and no one expected the increase, even Guo Yongren miscalculated, he didn't expect the Japanese dollar to be so ferocious, before the Plaza Agreement, one dollar was exchanged for 370 yen, and now, one dollar was exchanged for eighty-seven yen, an unprecedented proportion.
Pressing the button on the side of the table, the butler of the White House came over, "Immediately notify the media, I am going to make an emergency statement" Reagan said with a serious face, and the butler nodded and went out to arrange.
Reagan is not an idiot, on the contrary, he is very shrewd, and he has already seen that he must interfere with the fall of the dollar, and he must not worsen it, otherwise, the situation will become worse, at this time, he must make a statement, and other people's statements have no effect, which Reagan understands very well.
Asked Baker to take a break, Reagan began to call, informing himself that the people and those bigwigs would close their positions immediately, and he was about to issue a statement, explaining the reason by the way, and many people began to act.