Youde was very surprised and emotionally surprised by Yin Jun's move.

And some touching.

He knew that Yin Jun was interested in China, but Yin Jun was measured in his life and in doing things on weekdays, and he also admired this young man.

So Youde didn't go out of his way to target Yin Jun.

Now he finds himself rewarded for it.

Yin Jun not only helped him stabilize the chaotic situation in Xiangjiang, but also stood up at this most dangerous time and told everyone to believe in the government and the Hong Kong dollar.

Yin Jun not only said, but he also invested a lot of money to come in, substantially supporting the Hong Kong dollar.

There's nothing like this to show Yin Jun's support!

This proves that Yin Jun is really desperately supporting Xiangjiang and not letting Xiangjiang's economy collapse.

The same is certainly true of Youde.

As the governor of Xiangjiang, what he wants to do is to develop Xiangjiang well, and if Xiangjiang is ruined in his hands, it will be his shame.

This is not a matter of how China and Britain negotiate, but his responsibility as a local official.

This sense of responsibility will never allow Youde to mess around and get by.

So in addition to thanking Yin Jun for his righteous action, he also made an exception and told Yin Jun that the Chief Secretary was ordering the Financial Secretary to formulate a new monetary plan, and there would definitely be a good turnaround, and Yin Jun's hard work would not be in vain.

Yin Jun naturally replied very politely.

No one knows better than him what the policy of Hong Kong will adopt to deal with the collapse of the Hong Kong dollar.

That is the exchange rate at which the Hong Kong dollar is locked.

Fix the exchange rate between HKD and USD at 7.8:1!

Whenever people take Hong Kong dollars to exchange for US dollars, it is 7.8 Hong Kong dollars for one US dollar, and there are no accidents.

The government guarantees fiscal revenue and credit, and this exchange rate is always valid unless the Hong Kong River collapses.

As soon as this trick came out, it was really immediate, and the Hong Kong dollar skyrocketed within two or three days, and the normal price of 7.8 returned to a week.

Since then, this exchange rate has not changed for more than 30 years, even in the 97 financial crisis and 08 financial crisis, the value of the Hong Kong dollar has been very strong.

This also ensures that the economy of Hong Kong has continued to develop rapidly in recent years.

Therefore, now Yin Jun is making a move, ostensibly for Xiangjiang to stand up, but in fact, he is taking advantage.

The reputation is obtained, and after more than half a month or a month, the benefits will be in hand.

Now that the Hong Kong dollar has almost plummeted to 10:1, if it recovers to a fixed exchange rate of 7.8, the income of up to about 28% is huge.

The key is that it only takes about a month, and there will be close to 30% of the profit, which is already a big profit.

So the more others exchange dollars, the more Yin Jun earns, if all the two billion dollars are exchanged, then Yin Jun can net 600 million dollars!

According to the exchange rate of 7.8, 600 million US dollars is more than 4 billion Hong Kong dollars!

Although the number of wealthy people in Xiangjiang has increased a lot in the past two years, after a series of stock market crashes, the fifth richest person in Xiangjiang does not have so much net worth!

Makes money, it seems, it's too easy, right?

It's not that simple at all.

The exchange rate is a very dangerous thing that ordinary people simply dare not touch.

Not to mention ordinary people, it is a country, if you don't pay attention, you can be finished by it.

Take the dollar as an example, the Federal Reserve used it to set up a game, and without allowing the US warships and administrative means to make a move, it destroyed all the countries in Latin America.

As we all know, in fact, in the 70s and 80s, many second-tier countries in the world had a period of economic recovery and prosperity.

These countries include not only the Philippines, Japan, South Korea, and Thailand in Asia, but also Argentina, Chile, and Brazil in Latin America. All of them have had a period of great economic development.

But the good times didn't last long.

The United States looks at it, no, after your economy develops, what will happen to the threat to our US position? What will happen to the sales of our goods? Will the Americas still be our backyard?

So the Fed has a plan.

Since 71, there has been a planned slow depreciation of the dollar.

In total, the dollar has fallen by more than 79% in 27 years.

But since the beginning of this year, the exchange rate of the US dollar has reversed and entered a period of rapid appreciation.

In the 6 years from 79 to 85, the dollar rose by 54%!

In this way, the overall rise and fall of the dollar exceeded 80%!

Think about it, how big a blow to some countries with foreign trade needs, especially those that use the US dollar as the settlement of transactions?

Therefore, all the countries in Latin America have been directly beaten down by this round of ups and downs, and have entered a financial recession that has lasted for more than 20 years, and the days are getting worse day by day.

You think that's the end of it?

Wrong!

In the 21st century, Latin America has only had a slightly better time, and the larger financial tsunami of 2008 directly crushed their economies again, once again devastating the export trade of these countries, and the financial order was seriously damaged, and it was once again beaten back to more than a decade ago.

If Yin Jun had been holding US dollars in his hands, he would have earned about 20% after two years.

Although it is not as good as the 28% profit in this month, it is also a long-term income, and you can still earn a lot in addition to the loan interest.

Latin America is already in trouble, but the Fed is not resting there.

Because soon they will begin to gather the wool of the sun.

After the 85 years of the Plaza Accord, the yen appreciated sharply, directly destroying the hard work of Japan and Japan in the past 30 years.

When Japan collapsed, the Fed seemed to have relented, but its vicious dog, Wall Street, quietly moved again.

First of all, around 90 years ago, Wall Street sniped at the world's second largest economy, the United Kingdom.

Soros and others caused the British pound to directly withdraw from the trading system, and since then the world's trading currency rights have been surrendered to the United States.

Since then, the dollar has been dominant.

In 97 years, as if Latin America was collapsed more than ten years ago, the four Asian tigers and four tigers were directly beaten to the ground, and they could no longer get up.

Therefore, you see, just a change in the exchange rate can cause such a big battle, and it is more powerful than airplanes and artillery, and I don't know how many companies have been killed and how many families have been harmed.

Yin Jun is certainly not as smart as the Fed and Wall Street.

Although he knew about these things, he didn't have any plans to get involved.

As mentioned in those books, those who can drink soup with Wall Street predators in the back, and gamble with high leverage, really don't understand the market.

That group of Wall Street people have worked so hard for so long, will you eat up the profits?

With a slight move, there will be a fluctuation, and the so-called twenty or thirty times the leverage will explode, where can it be stable to the end?

Even he didn't let his company go public, most of the reason is here.

Not to mention going public, even if he doesn't go public, the pressure he faces will not be too small.

Therefore, based on the real economy and taking the mainland market as the largest base, is the best way for Yin Jun to let the Kirin Group withstand the pressure.

This time the currency exchange rate crisis was not manipulated by Wall Street, but because of a special setback under special circumstances, and most importantly, this time the Xiangjiang government was on Yin Jun's side, so Yin Jun dared to take action.

Just like the time in 97, the mainland resolutely stood on Xiangjiang, although in the end it was a defeat with the Wall Street financial predators, but after all, it did not hurt its vitality, and most of Xiangjiang's financial achievements were preserved.

In fact, the exchange rate crisis in Hong Kong is not just about Hong Kong dollars.

Gold, the physical gold, was also inflated in a panic.

Since July, the price of gold, which has been rising, has also skyrocketed along with the collapse of the Hong Kong dollar.

By the end of September, the price of gold had skyrocketed by 23%, and the appreciation was very obvious.

There are not many people who buy gold than there are people who exchange dollars!

It stands to reason that in addition to holding dollars in his hand, Yin Jun can also buy gold, buy low and sell high.

This is also another way to diversify the risk of investment.

Even if the fixed exchange rate of 7.8 in Hong Kong dollars is too ironclad to be inevitable, it is still theoretically possible to diversify into more stable gold and add a way back to yourself at any time.

But Yin Jun didn't do this, and he didn't even think about it.

Not because the profits from speculating on gold are lower than the exchange rate.

It's because Yin Jun has no reason.

Now the boy has 2 billion US dollars in his hands, the reason is that most of the Kirin Group's income comes from overseas, and most of the expenditure is also US dollar trade, so it should have held US dollars.

In this case, it is very reasonable for Yin Jun to come up with 2 billion US dollars to support the Hong Kong dollar.

No one would suspect that Yin Jun did this on purpose, making a fortune by exchanging the dollar for Hong Kong dollars at the height of the price.

But gold is different.

Unless you are prepared in advance, who can come up with hundreds of millions or even billions of dollars of gold in one go?

As long as Yin Jun can take it out, then others will definitely say, look, Yin Jun knew that there would be such a day, so he tried to make money, but he didn't tell us.

Yin Junke can't afford to be charged.

So I'd rather not make this amount of gold money, Yin Jun wouldn't touch this kind of investment.

Although making money is important, fame is equally important, and it is more important.

Just taking the US dollar to exchange, even if everyone sees that the Hong Kong dollar has been stabilized and has become a fixed exchange rate of 7.8, they will not feel that Yin Jun has been prepared.

As for Yin Jun making money, that's how it should be!

The so-called kindness is rewarded, right?

If you dare to take out dollars at this time and let the panicked people exchange them, then you can also make a fortune!

Not only can you make a lot of money, but also earn fame, and you can also get the admiration and worship of the people, such an investment is the best!!

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Chapter 1498 - The Dangerous Exchange Rate (Page 1/1)

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