Williams Manor.

A wisp of breeze blows, with a hint of grass, which is particularly refreshing. The sun was rising, Henry was lying on a chair under the grape trellis with his eyes squinted slightly, and Karina, who was sitting behind him, rubbed his shoulders and massaged him, and said softly: "Warren Buffett and his Berkshire Hathaway company are indeed not easy to deal with, but a small Wells Fargo, why should you worry about it, Southeast Asia is our target!"

Karina smiled and said, "Since the end of 1996, Soros has started to borrow a large amount of Thai baht from various financial institutions in Thailand. On March 2 this year, Soros attacked the Thai foreign exchange market and frantically sold the Thai baht, which in turn led to a sharp depreciation of the Thai baht! Soros sold the Thai baht to the Bank of Thailand to exchange for US dollars, and then continued to borrow Thai baht and continue to sell for US dollars. Wait until the value of the baht depreciates, and then buy the baht at a low price and return it to the financial institutions in Thailand, so as to earn a huge difference!"

"There are about $7 trillion in liquid international capital worldwide. Once international speculators find out which country or region is profitable, they will immediately impact the currency of that country or region through speculation in order to make huge profits in the short term. Therefore, Soros takes the lead, and Thailand is finished!"

"As of 1997, Thailand's foreign exchange reserves were only about $30 billion, and a mere $30 billion was a drop in the bucket compared to the huge amount of international travel funds. ”

Henry nodded, "Do you know how much baht Soros borrowed?"

Karina shook her head, "About 15 billion US dollars worth of Thai baht, according to the exchange rate of 1:25 between the US dollar and the Thai baht at that time, at least 470 billion baht was borrowed!"

"So how much baht did we borrow?"

As soon as Henry asked, Karina immediately smiled, "We use a number of offshore companies and borrow a total of nearly 75 billion baht...... The more the Thai baht depreciates, the more we will earn! Soros is charging into battle, and we will sit back and enjoy its achievements! If we do this, we have also borrowed a large amount of local currencies from South Korea, Japan, the Philippines, Indonesia, Malaysia, and other countries, and we can make a lot of money from them when the Asian financial crisis breaks out and the currencies of various countries depreciate!"

When Henry heard this, he couldn't help laughing, after the Asian financial crisis, his worth is about to skyrocket again! In addition to being excited, he couldn't help but stop Karina in his arms, "My dear, I've worked hard for you, and when the Asian financial crisis is over, I will reward you greatly!"

Karina rolled over and sat on Henry's lap, "What are you going to reward me!" Karina asked with a smile as she looked into Henry's eyes.

Henry put his arm around her waist and pretended to prop up one hand and think, "What's the reward? Look at you, after the Asian financial crisis, you are also a billionaire woman." You're not short of money, so it's hard to think of a reward......"

Karina kissed Henry deeply on the mouth, then smiled, "Isn't that a little faster to think about this?"

"It's going to be soon, but it seems to be almost ...... fire"

Karina smiled and leaned down to kiss Henry. This time it was a deep French kiss! When it was over, Karina leaned on Henry's shoulder and exhaled.

Henry said affectionately: "Karina, after the Asian financial crisis, let's get married!"

When Karina heard this, she asked with a face full of surprise, "Really?!"

"Of course!" Henry nodded, kissed her forehead, and asked affectionately, "Will you marry me?!"

Kailina was four years older than Henry, and was now 27 years old, and many women were already married by this time. It's just that Henry is young, so Karina can only wait.

"I do!" Karina replied excitedly, kissing passionately.

"Don't be here...... Everyone else is watching, and take me into the room!" said Karina, with silky eyes, to Henry.

"Good!" replied Henry, gasping for breath, and then took Karina in his arms, and rushed to the room......

……

On May 2, Soros finally broke out, dumping nearly 130 billion baht at once, and the Thai baht exchange rate fluctuated sharply, causing turmoil in the financial market; Since May 8, the Thai baht has been borrowed from local banks and sold in large quantities in the spot and forward markets, resulting in a sharp drop in the spot exchange rate of the Thai baht, which has repeatedly broken through the floating range set by the Bank of Thailand, causing panic in the market.

Thailand's foreign exchange market was immediately choppy and volatile. Commercial banks and corporations sold the baht and snapped up the dollar, and the baht depreciated to 27:1 against the dollar. In the face of the shock, the Bank of Thailand had to intervene with a large amount of US dollar foreign exchange reserves, raising the offshore lending rate to 1,000% and prohibiting domestic financial institutions from lending Thai baht!

By late June 1997, Thailand's extremely fragile foreign exchange market was once again volatile, and the exchange rate of the Thai baht against the US dollar plummeted to 28:1. At this moment, more than 40 banks have collapsed, thousands of factories have gone bankrupt, and the Thai government is left with only $2.8 billion in foreign exchange to dry up.

In the face of the attack of Soros and others, the Thai government has used a total of $30 billion in foreign exchange reserves and $15 billion in international loans this time in an attempt to turn the tide. However, this amount of money is equivalent to a wave churning in the sea for a while, and then there is nothing.

On July 2, 1997, the Thai government could not hold on and was forced to announce that Lao Tzu would not resist and decided to abandon the exchange rate system of pegging the Thai baht to the US dollar and let the market decide the exchange rate to float for itself!!

As a result, countries that work closely with Thailand have suffered, including the Philippines, Malaysia, Singapore, South Korea, and Indonesia. At this moment, Soros is leading a large group of international speculators to attack currencies such as the Philippine peso, Indonesian rupiah, and Malaysian ringgit!

In August, Malaysia fell, eventually abandoning the defense of the "ringgit" currency.

Subsequently, the Singapore dollar, which has always been strong, was also hit and depreciated sharply!

In late October, international speculators moved to Hong Kong, an international financial center, and the spearhead was directed at Hong Kong's exchange rate system. At this time, under the attack of Soros and other international speculators, the Taiwan authorities decided to abandon the exchange rate of the new Taiwan dollar, which caused the new Taiwan dollar to depreciate by 3.46% in one day, and also brought tremendous pressure to the Hong Kong dollar and the Hong Kong stock market. Hong Kong had just returned to the mainland on 1 July this year, and the people's hearts were not very stable, but unexpectedly, in an instant, it was hit by the Asian financial turmoil, which for a time caused a huge panic among the Hong Kong people! On 23 October, Hong Kong's Hang Seng Index plummeted by 1,211.47 points; and on 28 July, it fell by 1,621.80 points, directly falling below the 9,000-point mark......

In the face of the fierce attack of international financial speculators, the Chinese government has enough US dollar foreign exchange, so in order to stabilize people's minds and enhance the goodwill of Chinese mainland to Hong Kong people, it immediately extended a helping hand. Subsequently, the Hong Kong SAR government stated that it would not change the current exchange rate system and invested heavily in stabilizing the stock market, so the Hang Seng Index quickly rose to the 10,000-point mark!

Soros and a group of other international financial speculators then changed places and targeted South Korea. In mid-November, South Korea suffered. On the 17th, the exchange rate of the Korean won against the US dollar fell to a record 1008:1. The South Korean government was also impoverished, and had to turn to the International Monetary Fund for help, which temporarily brought the crisis under control. On December 13, the exchange rate of the Korean won against the US dollar fell to 1,737.60:1, and countless South Korean companies were in danger of going out of business.

The won crisis has also hit Japan's financial sector, which has a large amount of investment in South Korea. In the second half of 1997, a series of banks and securities companies in Japan went bankrupt. As a result, the financial turmoil in Southeast Asia turned into the Asian financial crisis.

At this time, Henry and Karina were calculating how much money they had made at home, and their eyes were shining, and they seemed to be all dollar signs......

(To be continued.) )