Text Chapter 926 Blood Collapse, Singapore is finished
From the very beginning, the outcome of this "battle of national fortunes" has been sealed, and the fate of Singapore has been sealed!
At the same time that the "Father of the Nation" Lee Houn Yew mobilized the entire Singapore people to unite to start this "battle of national fortune", because of the addition of savings funds, the Singapore government once again bought a large amount of Singapore dollars, supporting the entire market. Moreover, with the support of large funds, the confidence of the Singapore government is obviously much harder, and it actually dares to launch a counter-charge against the position of X Fund and international travel capital - this is awesome!
To tell the truth, Su Chenyu really didn't expect that the Singapore government, which had already been beaten to the ground before, would still have the strength to launch a counter-charge? This really surprised Su Chenyu! You must know that before the war began, Su Chenyu had made a detailed investigation into the situation in Singapore, and it was absolutely impossible for their strength to support this wave of large-scale counter-charge.
Unless......
Thinking of this, Su Chenyu couldn't help but be excited, if the Singapore government really dared to die like this, then they would lose this "battle of national fortune" very badly, very badly!
So, in order to figure out the reason for the sudden rise of the Singapore government, Fund X temporarily stopped continuing to attack the Singapore dollar and waited for the results of the next investigation!
As soon as I saw that the "leading big brother" X fund stopped, all the international investors, including the Quantum Fund and the Tiger Fund, stopped and waited for the signal of the "leading big brother".
So, all of a sudden, the battlefield that was supposed to be fought to the death has now fallen into a strange calm!
After seeing that Fund X and international investors stopped attacking, the Singapore government also temporarily stopped its own counter-charge, after all, their money is not so abundant, and the risk is too huge, it is better to be cautious.
However, the Singapore government may not know that this precious calm is their last chance, and if they can now resolutely admit defeat and leave, there may still be a glimmer of chance. However, at this time, how many people have so much courage, even Lee Ho Yew, the "Father of Singapore", can't do it - hatred and interests have blinded the eyes of countless people.
This peaceful time did not last long, because Su Chenyu quickly got the results he wanted, and sure enough, Singapore was really using savings funds on a large scale. I have to say, this is really death, aren't they afraid that once this financial war fails, if there is a large-scale domestic run, the entire Singapore banks will officially go bankrupt, then the consequences will be serious.
Of course, it may also be that the other party is already determined to win, after all, this is a battle that bets on Singapore's national fortunes.
I have to say that Singapore still underestimates the strength and determination of X Fund and international investors, since Su Chenyu has put the final battle of the entire Southeast Asia in Singapore, then it must make a vigorous and prepare for the next move to East Asia.
After getting Singapore's hole cards, X Fund decided to kill the game this time!
On a calm afternoon, Fund X's furious moves in the foreign exchange market directly broke all the peace - the Singapore dollar was directly killed this time, to the bottom. The most important thing is that the whole process does not give the Singapore government any room for resistance, and countless empty orders are like dense snowflakes falling on the Singapore side, which is really overwhelming.
From discovering the abnormal movements in the foreign exchange market to organizing a large-scale counteroffensive, the Singapore government sadly found that all the resistance was really unable to turn up even a trace of waves in this torrent of empty orders. Unfortunately, this time, after seeing the X fund directly killing, the international tour capital is no longer hiding, but directly attacking with all its might.
8 trillion, even if only part of it is used, it is not something that the Singapore government can eat, and it can't bear it at all. Therefore, the Singapore dollar, which has reached its historical status, continues to fall like a laxative, and it can't be stopped at all.
Not only that, along with the actions of the foreign exchange market, the power of X Fund lurking in Singapore's domestic bond market and stock market has also suddenly launched an attack, and the effect is quite significant. Unfortunately, because of the large-scale blood pumping from the bond market and the stock market, the defense of these two cities is basically non-existent, and in the face of the sudden attack of Fund X, it is simply not able to react.
Therefore, at the same time as the foreign exchange market collapsed, Singapore's domestic bond market and stock market also collapsed, and it was an unstoppable blood collapse.
The collapse of the three major financial markets, namely the foreign exchange market, the bond market, and the stock market, has immediately spread to the housing market and other industries, and a menacing financial crisis has erupted in Singapore.
However, this is not the most terrible, the most terrible thing is that the savings funds that were previously invested in the foreign exchange market have been completely trapped, and they will not come back at all, and they are likely to lose all their money.
No, not very likely, but definitely lost!
This is also the result that Su Chenyu wants, that is, he will involve the funds in the foreign exchange market no matter what, so he will launch an attack on the bond market and the stock market - that is he is distracting the attention of the Singapore government, so that they can also spare their energy to deal with these two fucking things.
In fact, Su Chenyu's goal was achieved, and Singapore did come back to save the bond market and the stock market, but when there was no money in hand, he could only choose to intervene by special means. As a result, in the face of the crazy stock market crash in Singapore, the Singapore government announced that it would restrict short selling at the appropriate time.
Damn, this kind of administrative intervention is quite hateful, because this is a free capital market.
However, there is no way, now Singapore can't care about reputation or anything, and the most important thing is to "survive" now.
Now that the sneak attack has been successful, Su Chenyu did not let X Fund go too far in the Singapore stock market and bond market, after all, it was in someone's place, if they were as anxious as last time and directly shut down his funds, then it would really be worth the loss.
Therefore, after the successful sneak attack, Su Chenyu immediately asked all the forces of Fund X to withdraw from Singapore, and now Singapore is a red-eyed rabbit that may bite at any time.
Besides, this is not the main battlefield itself, the real main battlefield is still in the more important, foreign exchange market!
It's all in one battle!
Fund X has gathered almost all of its forces in Southeast Asia to launch a final showdown against the Singapore dollar in the foreign exchange market......
There was no suspense at all, and under the leadership of Fund X, the iron hooves of trillions of funds ruthlessly stepped through the defense line built by the Singapore government, and directly killed the Singapore dollar to a miserable situation. Now, even if the Singapore government wants to save it, it can't save it, because the Singapore dollar is completely dead.
The absolute loss is huge, all the money invested by the Singapore government has been reduced to ashes at this moment, and the most terrible thing is that it includes the savings funds mobilized from the country.
It's definitely a flashpoint, and if it's not handled well, then ......
I have to say that the more I worry about something, the more I worry about something, just when the Singapore government is worried that the savings funds will not be able to go back, and in the face of a large-scale run can not cope with it, there is really a large-scale run in Singapore.
Yes, there have been large-scale runs on Singapore's major banks, and the current major banks in Singapore are simply not able to accept these runs. Moreover, as soon as the news spread that the banks could not complete the payment of funds, the phenomenon of the run became even more serious, and it was a nationwide run.
Although the people of Singapore will support the Singapore government in some cases, they are also human beings when it comes to their own interests, and they must also consider their own interests first. Now, the major banks in Singapore may have lost their money, so it's worth it, so hurry up and withdraw the money in the bank, and withdraw as much as you can.
In the face of this situation, although Singaporean President Goh Chok Tong has made many televised speeches, hoping that the people can calm down and not blindly follow the trend, the government will never let depositors' money have any problems. However, there is no use, because the social situation in Singapore shows that the major banks in Singapore are indeed unable to accept now, so everyone is not stupid, and naturally they can put forward as much as they want.
This time, the "Father of Singapore" Lee Hoon Yew did not come out again to calm the people, because the old man was once again overwhelmed by the anger and fainted, perhaps, out of sight and out of mind, it is also a kind of happiness.
Foreign exchange market, stock market, bond market, real estate market...... One financial industry after another has collapsed, and most importantly, Singapore's banking industry is now in shambles. Because, Singapore's major banks, which could not cope with the run, have become the target of scorn by the whole people, and at the same time, the credibility of the entire Singapore government has also fallen to a freezing point.
In a word, Singapore is finished, this "Asian Tigers" is completely finished, and it can be regarded as his awesome if he can recover within ten years.
In the face of this kind of tragedy, someone in Singapore must take the blame, and this person's position is definitely not too low, because the whole country is finished, can he still throw a little minion to calm the anger of the people?
Surely it can't be!
Therefore, in desperation, Singapore Prime Minister Goh Chok Tong took all the responsibility on his shoulders, and gloriously became the "man behind the pot", officially announcing his resignation!
However, even so, Fund X's attack on Singapore has not stopped, because it is a good time to fish in troubled waters. What's more, now is a good time to beat up the water dogs, how can you let it go?