Chapter 151: Another Bad Idea
In the face of Mr. Huo's pure teachings, Lin Cheng said with the same feelings: "Huo Lao's words are exactly what I want, in fact, I frequently make money in the financial market in order to have greater capital to develop industry, according to my speculation, the financial crisis originating from Thailand is likely to spread to the whole of Asia except for my country, forming a two-year Asian financial storm." οΌΈβ
Huo Yingdong's expression suddenly became solemn when he heard this, and he asked with a straight face: "Is there any basis for your speculation? If the financial crisis spreads to the whole of Asia, how should China deal with it?" β
Lin Cheng pondered for a while, and then said cautiously: "The basis is very simple, whether it is the so-called Four Tigers of Southeast Asia or the Four Asian Tigers that developed first, they are very typical export-oriented economies, and they have become the new world factories in the process of industrial transfer in Western countries, and their dependence on the Western market is very serious. β
"In order to attract foreign investment from Western enterprises, Asian countries have maintained a fixed exchange rate on the one hand, and expanded financial liberalization on the other, which has provided an opportunity for Western international speculators to take advantage of. In order to maintain a fixed exchange rate system, these countries have used their foreign exchange reserves for a long time to cover their deficits, leading to an increase in external debt. A country's currency depreciation is inevitable once the outflow of foreign capital exceeds the inflow of foreign capital, and the country's foreign exchange reserves are insufficient to cover the shortfall. β
"In Thailand, for example, whether the Thai baht should be bought or sold in the international market is not up to the Thai government, and the Bank of Thailand itself does not have enough foreign exchange reserves, and the country's economy is vulnerable to the speculation of European and American financiers. β
"Once Thailand changes dramatically, it will affect the whole body, and it will form a chain reaction of Indonesia, the Philippines, Malaysia, and Singapore, which will cause economic turmoil one after another. β
"If there is an economic crisis in Southeast Asia, then the Japanese country, which is closely related to Southeast Asia, will not be able to escape, and once the Japanese country changes, then South Korea, which is a strip of water with it, will also be affected, forming a domino trend, falling one after another. β
Huo Yingdong said in shock: "Nowadays, the world is advocating the concept of globalization, if the financial crisis really comes true one by one as you predicted, then it will form a major event that affects the world economy, and the industries of countless Asian countries will also usher in a major adjustment, and the hardest hit Southeast Asian countries are likely to be unable to slow down for more than ten or twenty years!"
Lin Cheng smiled and said, "But this is a huge development opportunity for the motherland, isn't it?"
"Development opportunities?!" Huo Yingdong's eyes lit up when he heard this, and he asked excitedly: "How do you say this?"
Lin Cheng replied: "The economy of Southeast Asia has been hit hard, so the investment of Western enterprises will inevitably shift direction, and if we look at the whole world, is there any country or region that is more suitable for investment than China? As long as the hot money from the West flows to China, China can use the hot money and technology of the West to update its industrial equipment, vigorously develop science and technology, and let the common people gradually become rich." β
Huo Yingdong was overjoyed when he heard this, but then he frowned and said: "This can indeed develop the motherland's economy rapidly, but in case Western countries scrape our economic achievements like they do with Southeast Asian countries, can we stop it?"
Lin Cheng shook his head and smiled: "Huo Lao, you are too worried, first of all, my country's foreign exchange reserves are much more than those of Southeast Asian countries, and the ability to resist pressure is not comparable to these Southeast Asian countries." Secondly, our country is a huge market with a population of 1.1 billion, and if Western countries want to reap the fruits of our economy, it means that it has lost such the largest market in the world, which is absolutely more than worth the loss for them. β
"In the end, after all, our country is one of the five hooligans, the Security Council has given our country the power to flip the table at any time, usually we can pretend to be well-behaved and stupid like a rabbit, but once we touch our bottom line, then the rabbit is anxious and bites, not to mention a great country like us that looks like a rabbit and a dragon on the inside,"
"If Western countries really want to break the net with us, it is a big deal that we will not play with them behind closed doors, and come to a closed country, as long as there is a nuclear giant stick in hand, no country can enter our country like the eight-nation coalition army. At that time, my country's economic strength and military strength must have been greatly improved, coupled with my country's huge demographic dividend, even if the country is closed to the country, it can be self-sufficient!"
Huo Yingdong's eyes lit up when he heard this, and he nodded again and again, he really admired Lin Cheng, this amazing boy, this kid not only has outstanding financial vision, but also has a very accurate analysis of the country's strength, such a person is indeed a rare talent for the country!
It's a pity that Lin Cheng is unwilling to enter politics, and his private life is chaotic after all, otherwise this kid can play a greater role in the motherland.
If Lin Cheng knew Huo Yingdong's thoughts, he would definitely burst into laughter, and the statement he came up with today would be able to say anything to any keyboard warrior in the future, where is the insight.
What Lin Cheng said was an afterthought, these things have been proven by history, and of course Huo Yingdong was shocked. Lin Cheng saw Huo Yingdong's extremely shocked and admired look, and couldn't help but rejoice in his heart: "My buddy's keyboard warrior for more than ten years has not been in vain!"
Huo Yingdong looked at Lin Cheng with more and more appreciation, such a genius can only be compared to him by Gu Zhiguoshi, so he also said to Lin Cheng: "After I reported your detailed analysis of the Asian financial crisis to the central government, the central government attached great importance to the possible financial offensive of international speculators on Xiangjiang, and sent more than a dozen financial experts from Tsinghua University and Peking University and the State Council to assist us in resisting the financial turmoil." β
Then Huo Yingdong pointed his finger at the dozen or so computers and said: "Well, those computer equipment was prepared for these dozen financial experts at the request of the central government, these financial experts are all leaders in finance, but after I contacted them, I found that they lack the necessary understanding of the rules of the financial market, to be honest, I am very worried!"
Lin Cheng nodded when he heard this, and said: "Huo Lao's concern is not unreasonable, if these people are used to fight against international speculators, Xiangjiang will definitely be full of corpses." β
The international financial speculators, led by Soros, have been messing around in the financial market almost all their lives, and it can be said that they have played the rules of the game in the financial market to the point of perfection.
In addition, the rest is king, and basically the financial speculators who can survive now are basically the top financial experts in the world, and each of them is fighting in a financial war, even if Lin Cheng is a reborn who sees through the next twenty years, he does not dare to start a close hand-to-hand fight with them.
On the other hand, those financial rookies in China who can only play with mouth guns and memorize theoretical knowledge are very familiar with melons want to confront them? Lin Cheng can only hehe about this.
If you want to discuss financial knowledge with them, he told you that they will not stop for three days and three nights, but if you put them into the actual operation of the financial war, Lin Cheng can foresee that the end will be miserable.
Huo Yingdong deeply agreed: "In line with the attitude of being highly responsible to Xiangjiang and the motherland, I do not agree to let these people be in charge of us. In order to cope with Soros's offensive, Li Chaoren, Zheng Yutong, Bao Yugang, and dozens of other wealthy people in Hong Kong have raised $20 billion in loans to the SAR government, and now the SAR government's foreign exchange reserves are as high as $120 billion, which should be enough to cope with the offensive of international speculators. β
"However, some people on the central side have put forward an opinion, asking us to hand over this huge amount of funds amounting to $120 billion to domestic financial experts for operation, and this tells us what to do? If we listen to the opinions, once we are defeated in Xiangjiang, everyone will be doomed, and if we do not listen to the opinions, even if we win, someone will detain us for disobeying the central authorities. Hey, I'm in a dilemma!"
Lin Cheng was stunned, which stupid donkey patted his head and came up with a bad idea, as much as 120 billion US dollars, it is related to the huge responsibility of the life and death of the Xiangjiang economy, and there are still people who want to reach into the troubled waters to fish, Lin Cheng can't help but be shocked by the audacity of some people.
It's just that this kind of thing is too big, Lin Cheng doesn't want to meddle in it, his little arms and legs, mixed with such a big thing, a small wave is enough to make him sink to the bottom of the sea.
Lin Cheng wisely chose to keep his mouth shut, and turned a blind eye to Huo Yingdong's sad face, but instead accompanied Huo Yingdong to act together, and also put on a helpless look, sighing for a long time.
Huo Yingdong saw that Lin Cheng's little slippery head was not fooled at all, so he also shook his head and smiled bitterly, "You kid is really slippery, not like an eighteen-year-old hairy boy at all, without a little young man's enthusiasm and responsibility." β
Lin Cheng smiled, but he didn't say anything.
Huo Yingdong knew that Lin Cheng didn't see the rabbit and didn't scatter the eagle, and after muttering for a long time, Zhengse said: "Today's conversation between you and me came out of your mouth and into my ears, no third person will know, if you kid have any opinions, just mention it, I will take your opinion as my own opinion, and I will not implicate you." β
Speaking of which, Lin Cheng knew that he had to vomit some dry goods, he thought for a while, and said: "Since the central government can set up more than a dozen financial experts to come over, then we have been working in Xiangjiang for so long, and the financial talents under our hands must be a car fight, right?"
"I think it is better to unite Li Chaoren, Zheng Yutong, Bao Yugang and others to organize the best financial talents under their hands, and then form a competition with the financial talents sent by the central government, so that the financial talents from China will retreat in difficulty. If these financial experts can't pass two or three tricks in the hands of local financial talents in Xiangjiang, do they still have the face to stay here and watch the excitement?"