Chapter 327: Who Is So Awesome (Part 2)
Chapter 326 Who is so awesome
To be honest, seeing the situation in the morning, many international speculators on the periphery who are ready to enter the market are ready to move, after all, if you follow the general trend at this time, even a fool can get a piece of the pie.
In just one morning, the Malaysian government lost nearly $30 billion in foreign exchange reserves, and Malaysia's foreign exchange reserves are only a few hundred thousand dollars? Do you think that a big country like China is scared to death when trillions of dollars of foreign exchange reserves are put there.
When Malaysia's foreign exchange reserves are depleted, the rest is to let these financial buyers do whatever they want, it is worth mentioning that affected by the morning and yesterday's foreign exchange market, this morning Malaysia's stock market almost all fell red, most of the foreign countries including Xiangjiang red is down, green is up).
When the stock market begins to fluctuate, it is easy to cause panic among stockholders, and when stockholders begin to sell the stocks in their hands, it will cause a chain reaction.
However, as soon as the press conference in Malaysia came out at noon, these international financial speculators immediately calmed down, in fact, there were already some people who entered the market in the morning, but they were all small-scale, and there was no large-scale movement for the time being.
"Can you support it? How much money have we mobilized now?" asked Hu Fei with some curiosity.
"We have more than a trillion dollars at our disposal, and we can always pull more money in if we want. Tian Zhong immediately spoke.
"Then I'll have no problem, you can just watch and deal with it. Hu Fei said very simply.
The combined foreign exchange reserves of these countries are only half of the funds they have mobilized, and in such an act, the attackers will definitely take advantage.
I have to say that it is really convenient to have a private bank, which is why so many wealthy families or consortia abroad must be bank-centric, because having a bank means that the funds you can mobilize are not just your own funds.
The funds of depositors in all banks, under the condition of ensuring a certain amount of working capital, will hardly have any problems in a short period of time.
Usually, the vast majority of ordinary people don't know what their deposits are used for by banks, otherwise, why would banks give such high interest on fixed deposits?
Because they can use your money to do more, invest more, and make more money.
The short break at noon passed quickly, and most of them were paying attention to the situation in the Malaysian foreign exchange market at any time, and everyone wanted to know whether the people behind the wave in the morning had retreated directly or were ready to continue.
If it continues, then let's see what Singapore and Yu will do, if there is an opportunity, these international tours will naturally enter at any time and follow a wave of fat.
Is there anything in this world that is faster than robbing a country to get rich? Although it is said that this is within the scope of the rules, in fact this is robbery, and it is clearly a robbery of your foreign exchange reserves.
However, what everyone didn't expect was that the Malaysian foreign exchange market was still in a stable state for the time being, but on the Singapore foreign exchange market, more than a dozen large short selling orders suddenly appeared, and the exchange rate of the Singapore dollar against the US dollar fell almost at the same time.
When the news came out, everyone couldn't help but burst into a foul language, who is it? Is it so awesome? Directly provoke two countries at the same time? Soros did not swell to this point back then, people also hit one country first, and then from this country began to take advantage of the panic of the market, directly and gradually spread to the entire Southeast Asia.
And before this one country could hit, it directly attacked another country.
But don't say it, the emergence of more than a dozen huge short selling orders really directly has a certain impact on the Singapore foreign exchange market, at least if the Singapore government does not use foreign exchange reserves, these dozen or so huge short selling will cause the exchange rate of the Singapore dollar against the US dollar will continue to fall!
Under such circumstances, the Singapore government will not be able to use foreign exchange without using it! Then something happened that made everyone stunned, as if it was a press conference in Malaysia at noon, after more than a dozen huge short selling orders were smashed out in Singapore, Malaysia's foreign exchange market once again ushered in a baptism of short selling like a storm!
As the short selling orders continued to pop up, the cold sweat of the head of Malaysia's financial sector came down directly, first let his subordinates quickly stabilize the pile, and then he directly called the prime minister.
The Prime Minister was asked to make a quick decision to put all foreign exchange reserves to use, because in the morning almost $70 billion of foreign exchange reserves were used, and now there are about $50 billion left.
After pondering, Mahatt decisively ordered that all foreign exchange reserves could be invested in the foreign exchange market at any time, and at the same time he began to call to raise funds.
This part of the funds is definitely not good, and we have to raise some of it with others. But at this time, how many people are willing to stand with the Malaysian government, it is really unknown.
Unless the government is willing to make some commitments to use some fixed assets, minerals and other mortgages, otherwise, these wealthy businessmen in Malaysia are not fools, and it is impossible to directly send funds for no reason.
You know, this is really using real money, once the foreign exchange reserves are depleted, it means that Malaysia's economy will really collapse.
When a country's citizens go abroad to exchange foreign currency, they first pay from the country's foreign exchange reserves; once the foreign exchange reserves are depleted, it means that the country's banks have no foreign exchanger, that is, the Malaysian government bank has no US dollars, only ringgit.
At this time, the exchange rate of the ringgit will fall directly at a terrifying rate.
"Young master, someone has done it. As the progress of the two sides continued to increase, but the Malaysian government had no tendency to pull the rate at all, Tian Zhong finally told Hu Fei that someone had made a move.
"Who is it?" Hu Fei immediately asked.
"Wall Street, but I don't know. Tian Zhong said very simply.
Hu Fei sneered: "These hungry wolves, it is naturally impossible to miss the reason when they see the food, but you don't need to pay attention to them for the time being, but you have to be prepared, if necessary, these people can't let them make money by my hands." ”
"Yes. Tian Zhong replied directly in a deep voice, this is that you don't panic at all if you have money in your hand, even if the leverage is high, but when others can't smash you, you don't have to worry about the margin at all.