Yang Zhuping was not surprised that Zhang Chen had such detailed economic data in his hands, and in this era, most of Huaxia's intelligence collection and analysis of other countries was focused on military defense science and technology. For economic intelligence information, it relies more on public reports and information feedback from embassies abroad.

Moreover, information agencies such as IDC, Standard & Poor's, Moody's, and Bloomberg may be more powerful than a single country in analyzing and collecting economic data, and even the intelligence agencies of many countries are big customers of these agencies.

For example, what Zhang Chen is talking about now is the information that Yang Zhuping does not grasp at all.

"Since the full opening of the financial market last year, a large amount of international capital has poured into Rakshasa, of which about $30 billion comes from hundreds of hedge fund companies represented by quantum funds, tiger funds, knight funds, and long-term capital funds, which have purchased a large number of Rakshasa short-term treasury bonds, with interest rates even exceeding 30%. And these hedge funds are the initiators of the Asian financial crisis, and it is they who are behind the trouble. Zhang Chen stood in front of the map, quickly searched the data in his head, and presented the arguments to Yang Zhuping one by one.

On the one hand, the Western world deceived Rakshasa into adopting shock therapy, comprehensive privatization, and comprehensive market liberalization, and these hedge funds are all advocates and admirers of economic liberalization, and they believe that the rapid decline in asset prices in the short term after the implementation of shock therapy is only a temporary phenomenon, and with the continuous deepening of economic liberalization reform, it is only a matter of time before the Rakshasa economy recovers. As proponents of traditional value investing, these hedge funds will not give up the opportunity to buy the bottom, which is why Rakshasa has become the world's largest emerging market in the past two years. ”

In other words, because the crook's acting skills are too good and he has deceived himself, the Oscars should really award the Best Actor Award to these liberal economists invited by Rakshasa, if it weren't for their wonderful performances, how could one of the two poles of the world fall to the point it is today. ”

Yang Zhuping concentrated, and when he heard Zhang Chen's words, he couldn't help but laugh: "You kid, I can remind you, now the National Research Center is mainly studying the Chicago School, and it is risky for you to say this, be careful of being smashed on the glass of your house." ”

Zhang Chen smiled: "Compared with the Chicago School represented by Friedman and Stiegler, I agree more with another economist who graduated from the University of Chicago but shined at Harvard - Samuelson." The United States has always promoted Friedman externally and Samuelson internally. ”

Yang Zhuping was stunned for a moment, thoughtful.

Zhang Chen continued: "To get back to the point, what I just said is only one aspect, and on the other hand, Soros's investment in Rakshasa is also based on the belief in capitalist economic liberalization. In an interview with Soros in Economist magazine earlier this year, Soros made his point that he believed that the Rakshasa was in the process of transitioning from robber capitalism to legal capitalism. Soros is a person with very clear beliefs, for which he also set up a special foundation, relying on powerful capital to dump his own ideology abroad. And the current transformation of Rakshasa is completely consistent with his philosophy, so he is also willing to help Rakshasa absorb more foreign investment to prove the correctness of his concept. ”

"Therefore, as long as we use the same way as others to govern themselves, and use their methods to short the stock index and currency of Rakshasa in Southeast Asia, we can make a serious gap in the capital chain of these hedge funds, and drag their funds firmly to death in Rakshasa . ”

Yang Zhuping touched his chin and pondered for a long time: "Wouldn't it be too idealistic? You just said that they hold a large number of short-term treasury bonds of three to six months in Rakshasa, and if they decisively cash out, although they will lose something, they will be able to withdraw all their funds within three months to half a year, and it will be difficult to deal a fatal blow to them." In that case, why not start with bonds, wouldn't that be more straightforward?"

Zhang Chen's eyes flashed: "Mr. Yang, there is one thing I agree with in Soros's words, Rakshasa is indeed in the process of transforming from robber capitalism to legal capitalism. ”

Zhang Chen paused: "But as long as this transformation is not completed, the essence of Rakshasa is still - bandit capitalism." ”

Yang Zhuping seemed to have grasped something, but it was not so clear, "Explain it clearly." ”

Zhang Chen said word by word: "I think that under the current economic situation of Rakshasa, if a crisis breaks out, it will be a comprehensive economic crisis, including a financial crisis, a debt crisis, a trade crisis, and the most serious of them is the debt crisis." What is a robber? What's yours is mine, what's mine or mine, and when it comes to the money in their pockets, how can they be so happy to pull it out? What if they have a contract? If they respect the contract, they won't be called robbers. ”

"Therefore, if the debt crisis breaks out, there is a great possibility that the Rakshasa will announce a debt extension, and all investments in the Rakshasa will become worthless at that time, regardless of whether it is short-term or long-term external debt!"

"You said that Rakshasa would declare a default on its debts!?" Yang Zhuping's first feeling was - this is impossible.

In any case, Rakshasa is the heir to a superpower that spans Eurasia, with the world's largest territory and top military power.

But after calming down, Yang Zhuping found that with his experience of dealing with Rakshasa for so many years, it is really hard to say what the country will do if it really faces such an economic crisis.

After all, Rakshasa is well-known internationally for its lack of credit, and even Huaxia has suffered a lot of losses from Rakshasa for this.

Zhang Chen nodded: "Although I am not 100% sure, there is indeed this possibility, and it is impossible for Rakshasa to agree to the IMF's overall takeover plan like Goryeo." Moreover, the problem of Rakshasa is not something that the IMF can solve. Therefore, we are not involved in the bond market, which is to guard against the risk of defaulting on its debt. ”

Yang Zhuping stood up and paced slowly in the office, "If Rakshasa really declares a debt default, how much money will these international speculators lose?"

Zhang Chen estimated in his heart: "At least 10 billion US dollars, among which a few companies with a relatively large proportion of debts are likely to face bankruptcy." At that time, the stock market in the United States will also fall sharply, although it is only a temporary decline, but the international speculators who have already lost a large number of troops in Rakshasa will certainly not have the strength to attack Xiangjiang in the short term, and it will become more and more difficult to raise funds. And our foreign exchange reserves are increasing at a rate of more than 30% per year, and when they recover, we will be several times stronger than we are now, and as long as they are not stupid, they will not risk organizing another attack. In this way, the financial turmoil that swept through most of Asia was eliminated. ”

Yang Zhuping walked around the office a few times with his hands behind his back, his brows furrowed into a Sichuan character, and suddenly, Yang Zhuping smiled: "Zhang Chen, if you are asked to command the battle of Xiangjiang, how much foreign reserves does the State Administration of Foreign Exchange need to invest in Hua'an?"

Zhang Chen calculated in his heart: "At least two hundred billion US dollars are needed, if it is three billion US dollars, I am confident that I can defeat the first round of attacks of international speculators within two months and make a profit of 50 to 80 billion US dollars." ”

Yang Zhuping nodded: "Okay, I know, I will submit this matter to the Standing Committee for discussion, as for the Rakshasa you said... ”

Yang Zhuping smiled: "Anyway, at the national level, it is impossible to use your own sovereign wealth funds to attack a country's economic system, and it will be considered an act of war, so you don't need to mention this matter again." ”

Zhang Chen's eyes froze slightly, but he didn't speak.

Sure enough, Yang Zhuping continued: "The economy of Rakshasa is indeed worrying, I think, in addition to you and me, there must be many people who have seen through this, didn't IDC make a rigorous data analysis? Yang Zhuping shook his head and sighed.

Zhang Chen smiled slightly: "Mr. Yang, I understand." ”

(End of chapter)