Chapter 34 Something to be gained
After landing, Chen Zier found a hotel to stay, and hired professionals specializing in foreign exchange trading to operate for him, and everything was ready.
On June 28, 1997, Chen Zier used 5 times leverage to lend 125 million baht to the bank (1:25 to the US dollar to Thai baht) based on the $1 million in his hand, but he borrowed the Thai baht but did not hold the Thai baht, the Thai baht was going to fall, and he could still get it in his hand, so he sold the Thai baht in the foreign exchange market to hold the US dollar, made a detour, and held it in his hand or the US dollar.
At 0:00 a.m. on July 1, the national flag of the Republic of China and the regional flag of the Special Administrative Region were raised in Xiangjiang, and the people in the interior finally returned to the embrace of the motherland after a century of vicissitudes.
But in Xiangjiang, Chen Zier witnessed another kind of emotion, due to a lack of understanding of the mainland, some Xiangjiang people actually panicked, and even felt that the end was coming.
But after the sun rose, it didn't seem to change much. There are also government organizations that celebrate the reunification.
On July 2, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, which caused a far-reaching financial crisis throughout Asia.
Previously, the Thai government has made many efforts, including using foreign exchange reserves to buy Thai baht and raising the interest rate of 2.5% to boost the attractiveness of the Thai baht.
But as it turned out, these were in vain.
On the day of the abandonment of the fixed exchange rate system, the Thai baht fell in response, plummeting 20 percent against the dollar, reaching a low of 1:32.6, and this was just the beginning.
As far as Chen Zier's income is concerned, according to the exchange rate on July 2, the five million US dollars in his hand can be exchanged for 163 million baht, excluding the 125 million baht returned to the bank, leaving 38 million baht, or 1.16 million US dollars, which is the money he earned.
One day, 1.16 million US dollars, 9.5 million yuan.
Terror.
In my impression, by January 98, the exchange rate of the Thai baht against the US dollar will fall to 1:55, and by then Chen Zier's income can reach 2.7 million, but Chen Zier has so much time, and although it is a financial crisis, the exchange rate is not a straight line, and occasionally there will be fluctuations, he uses leverage, if he doesn't know that one day it rises a little, he will be finished.
So Chen Zier played for a day.
There is still a back, what is the hurry, there is an old saying, the wonderful is still to come. Chen Zier knows that this crisis, starting from Thailand, is the most serious in Indonesia, which has basically changed from a middle-income country to a poor country, and the political strongman Suharto, who has ruled the country for more than 30 years, has also abdicated.
In this era, the situation of countries such as the Philippines, Malaysia, and Indonesia is basically similar to that of Thailand, and they all implement a fixed exchange rate system.
So the Thai drama is just a warm-up.
In fact, the reason why Soros's initial target was locked in Thailand, the Philippines, and even Malaysia is that the financial market of these countries is relatively small, it is easier to leverage, and the amount of money spent is relatively small, and when they are defeated, the confidence of the larger stock market will also collapse.
Just like Soros's battle for the pound, the gap that opens first is the Italian lira, because the Italian lira simply can't withstand the toss, and then the pound.
The same is true of the sequence of attacks on Southeast Asia, with Soros adopting a strategy from small to large, from weak to strong, avoiding the real and attacking the weak, and breaking through each one.
Indonesia, in terms of population and area, can be called the big brother in ASEAN, it is located in southeast Asia, across the equator, composed of more than 13,600 islands between the Pacific Ocean and the Indian Ocean, known as the country of ten thousand islands, is the largest archipelago country, its area is 1.9 million square kilometers, the population was 180 million at that time, ranking fifth in the world at that time, in the Southeast Asian plate of Soros, it can be regarded as a big fat meat.
Sure enough, after the depreciation of the Thai baht, the lucrative international travel funds were still not satisfied, and they began to attack the Indonesian rupiah.
Strangely, until August, there were still many smart people who foolishly thought that Indonesia seemed to have escaped, and there were even some large hedge funds buying rupiah, so the rupiah borrowed by Chen Zier did not fail to sell in the foreign exchange market.
Everything is still the same as when the baht was fried.
The difference is that he has a million dollars more in principal.
Since the end of July, the rupiah has reached 1:2615 against the US dollar, which is quite close to the upper limit of 1:2682 set by India.
On August 14, Indonesia also announced that it would abandon the fixed exchange rate system and implement an independent exchange rate floating system, which, like the Thai baht, fell sharply on the same day.
By August 22, the rupiah had fallen to 1:3045 against the US dollar, breaking through the 3,045 mark.
It was a disaster, and Chen Zier made another $1.8 million.
When I came, it was only a million dollars, and when I left, it was already 3.8 million.
He also learned a little wiser, and did not convert all the funds into RMB and brought them back, only brought 1.8 million yuan, and the remaining 2 million yuan was deposited in the Swiss bank.
The reason for this is that it is useless to bring it all back, and he has not yet thought about what business he has done, and second, if he goes abroad in the future, he will not have to bother exchanging dollars.
On August 25, Chen Zier returned to China Shipping on a civil flight.
After arriving in Zhonghai, Chen Zier did not go back to the dormitory first, but went to find Sun Hong.
After not seeing each other for two months, Sun Hong became more energetic, he reported to Chen Zier about the opening of the pudding branch, the speed is not slow, the fifth is being renovated, and the address of the sixth has been investigated.
The number of employees has also increased to 22, but only Qian Hongying and Hua Ruoqiu know Chen Zier.
Chen Zier spent several hours looking at each of them, and he was quite satisfied with the development of the pudding.
After Sun Hong knew the news of Chen Zier's return, Xue Bohua also knew, and then he came quickly, and it was in the same straight to the point style.
It came up with a sentence: "My dad wants to invite you to our house." ”
The speech is really polite, as the deputy mayor, I directly said that I want to see you, you can just prepare, and invite you as a guest.
And Chen Zier didn't expect Vice Mayor Xue to still think about himself, he was full of doubts and asked, "Why?"
It doesn't make sense, I and Xue Bohua have also cooperated to do some business, why bother?
Xue Bohua didn't say the reason, just gave Chen Zier a time to leave.
There were only a few days left to leave school, and Chen Zier was thinking about whether to go home, so he made a phone call to go home.
Chen Baisheng took it, what he meant was that there were still a few days to start school anyway, so don't toss, and it is inconvenient for the train to go back and forth.
Chen Zier also felt that the journey was tiring, and he had been outside for too long, and he had made a lot of money, but he didn't eat anything about the delicious meals, and in the past two months, he was sometimes worried, sometimes excited, and had a few nightmares, and lost several pounds.
But he had to taste the taste of his hometown, so after returning to the dormitory and putting down his luggage, he went to find Han Qian.
When he walked to the door of Tianyin's training class, he suddenly remembered something: Didn't Han Qian ask him to help his younger brother find a job?
He was crazy to earn money outside alone, and he remembered it occasionally for a few days at first, but then he completely forgot about it.
I told people that I would come back during the summer vacation to do this, but it turned out that it was the 25th, and school was almost five days away!
When Chen Zier walked to the store, Han Qian was busy, and she was stunned for a moment when she saw Chen Zier, and then showed him a shallow smile.
Han Qian seemed to be in a good mood, and asked in surprise: "Are you back?"
Chen Zier saw that her smile was very genuine, not like a disguise, and originally thought that she would be slightly annoyed because of her brother's matter, not to mention what kind of face she would look at, but at least she would have some opinions.
I never thought that this intellectual and understanding woman seemed to care at all, and happily welcomed Chen Zier.
This scene moved Chen Zier to cry, if it was changed to Zhou Zijun's character, it was estimated that he would have to rush up and tear him down.
But Han Qian won't, she will only silently dedicate her kindness to others for convenience.
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