Chapter 170: The Collapse of the Thai Baht II Prelude

From mid-May to the end of June 1997, Southeast Asia was actually very lively. Pen × fun × Pavilion www. biquge。 If you want to create a financial crisis in Southeast Asia, you have to start from within each Southeast Asian country. In addition to Thailand, the Philippines and Malaysia are the most tormented.

Why? Among the four Asian tigers, Japan, Hong Kong, South Korea, and Singapore are strong in their own right, so the four tigers have not been able to deal with it, and they have not stirred up the concept, and it is really not easy to startle the snake. Of course, in addition, it is because of the various reasons of the four little dragons themselves.

Since 1989, when Japan was hit by a financial crisis caused by Europe and the United States, it has been losing for more than 20 years. Up to now, even if European and American speculators want to develop Japan's internal national economy, even if they do not make trouble, Japan's national economy will not survive, and there is really nothing to do.

As far as South Korea is concerned, Europe and the United States are also making trouble, such as the bankruptcy of Hanbao Group, a large company ranked 14th at the beginning of the year, and then there are large conglomerates such as Sanmei, Danong, Jinro, Kia, Haitian, and Nucor have collapsed or fallen into crisis. The reason why this is so is because European and American capital is doing things, and you must know that most of these enterprises in South Korea can develop, that is, Europe and the United States give them capital to lend capital, and now European and American capital is tightening the monetary base, naturally, these large enterprises have problems. In addition, in addition to wanting to short South Korea to gain benefits, European and American capital also want to control South Korea's national economy and implement so-called economic colonization, and the focus of economic colonization is to control the major companies in various industries of a country.

Singapore and Hong Kong have nothing to say, because they are all ****** reasons, their own internal economies benefit from foreign capital, and there is nothing to pursue in terms of economic colonization, only interests. Therefore, at present, European and American capital has no overt actions except for quietly absorbing funds.

Beyond the imagination of Europe and the United States, it is the country of Indonesia that is a headache. When European and American capital entered Indonesia, it was discovered that President Suharto's family controlled the whole of Indonesia, and the Yankees once recognized his rule for 32 years, but now they have to hate it. wanted to short Indonesia's national economy, only to find that the big banks in Indonesia were all owned by the Suharto family and could not borrow funds; I wanted to short all kinds of small and small companies in the stock market, only to find that almost half of all the big companies are owned by the Suharto family. And the most important thing is that European and American capital want to slowly absorb chips, but the currencies of other Southeast Asian countries have not depreciated, and there are not many positions in the rupiah forward contract, but the rupiah is slowly depreciating and has begun a long road of depreciation. Therefore, in the last Southeast Asian financial crisis, the rupiah was twice, and each time it was worse than the other!

The Tigers and Indonesia are both large-cap stocks, so let's talk about the other two small-cap stocks besides Thailand - the Philippines and Malaysia.

In March 1997, Soros and other speculators won a big victory in Thailand, and due to the plate benefits and domino effect, Soros quietly transferred part of the profits earned on the Thai baht to the Philippines, where they were ambushed in the Philippine financial system, mainly in the stock, gold and foreign exchange markets.

Their wishful thinking is to attack one point and drive one side, the so-called pulling a trigger and moving the whole body, because in this way the force used is the least, and the profit obtained is the greatest.

On May 14, 1997, the baht fell to an 11-year low, and on the same day, the rupiah was attacked and began to fall, falling by 3%, and then began a long decline.

On May 15, Soros, who was on vacation in the United States, issued the first attack order, and the Philippine peso fluctuated abnormally, and the Philippine central bank raised the overnight interest rate twice and fired a bullet of 150 million US dollars, but this bullet was like a drop of rain falling into the sea compared to the attacker's overwhelming artillery attack, and it could not make a wave.

In addition to the civil unrest in these countries, some celebrities are not willing to be left alone.

On June 5, 1997, U.S. Secretary of State Madeleine Albright was awarded an honorary doctorate of laws at Harvard's commencement ceremony (a degree that Clinton had also dreamed of, but Harvard rejected his application.) It can be seen from this that the number of degrees in foreign countries is far lower than in China, and Clinton cannot obtain an honorary degree from a school because of the dignity of a country, which is impossible in China. She gave a speech at her graduation ceremony on the theme: America must lead the world.

Exactly 50 years ago, the then US Secretary of State also delivered a speech in front of this podium, putting forward the famous Marshall Plan, outlining the international political, military, and economic blueprint after World War II.

But Albright's blueprint was more ambitious than Marshall's, and after the collapse of the Soviet Union, the United States was almost dominant, so she wanted to rebuild Europe and reaffirm the global strategy that the United States had always played as the international policeman, stressing: "We can't just care about one region, there are many centers of population, power and wealth all over the world, they are interconnected, and we can't just look at one single continent, we have to encompass every continent." As a result, she confidently declared that the United States would lead "a world system based on democracy, open markets, and a commitment to peace." ”

If the Marshall Plan was only a plan in three parts, then Albright's vision was a vision of unifying the whole world.

In other words, the world of the future will be dominated and led by the United States, not Asia!

The historian Mr. Paul must have been dazed, or his statement was used to paralyze his opponents.

Soros is known as a "world politician without borders," but he is also an American citizen, shares American values, and firmly agrees that the United States should become a global leader.

"The United States is indeed the largest industrial democracy in the world at present, and it is certainly incumbent upon us to play the role of world leader," he said. In addition, in terms of population, the United States 2. With a population of 400 million, Japan, the second largest industrial country, has only 1. 0.2 billion people, less than half of the United States, the United States GNP is also higher than Japan, and from an economic point of view, the United States is Japan's 2. Five times that Germany, the third largest industrial country, has a population of only 55 million, and there is a bad impression of World War II, Germany and Japan cannot play the leader, and the economies of the countries under Germany are even smaller. Therefore, if the United States does not lead, there is no one to do. ”

At this point, if no single economy or political entity can pose any threat, then the threat may exist in the consortium, such as the European Union, ASEAN, CIS, etc.

There is no suspense about this speech during this time period, Albright is pointing at ASEAN! After all, the European Union, Russia (CIS), etc., are no longer a threat.

"George, are you ready?" John Reid shook the wine in his glass and asked Soros as he admired it. Soros is a surname, and it is a person's honor to be able to represent people with a surname, and only these bigwigs dare to call Soros's name - George.

Soros naturally knows what John Reed meant by asking, and today's gathering is a feast for Wall Street, and an opportunity to integrate and exchange resources for tomorrow's actions. Starting tomorrow, he Soros will represent the vampires of Wall Street and call out to challenge a country with dignity. To tell the truth, he Soros is a little depressed about such an arrangement, not to mention offending the big forces, but the real interests are not his own. It's like a war, where the spoils of a general who bleeds and fights hard in the front are not as uncomfortable as the magnates in the back.

Soros wanted to be thrown and lose his temper, but when he thought of the family and consortium behind that long list, he was a little frightened, Rothschild, Morgan, Rockefeller, DuPont, Mellon......

"Mr. Reid, two months ago, our Quantum Fund and Tiger Fund made a choice for the Thai government in London, Singapore, and Chicago, and as long as the above gentlemen gave an order, it only took one trading day for the Thai baht to collapse." Soros pays attention to his words, very gentlemanly.

"Then I'll be relieved." Speaking of which, if the sniping of the Thai baht is not successful, these European and American capitalists will also have a lot of losses, after all, they can pay a lot in terms of borrowing funds, administrative public relations, etc.

Different from the gatherings of Wall Street elites such as Soros and John Reed, Liu Si's visit to the Xinde Fund not only met Qin Rui, a subordinate, but also to see the office location, environment and related hardware facilities and equipment of the Xinde Fund.

In the next 3 months, some of Liu Shengqiang will return to Hong Kong from Singapore to participate in the plan to short the Hang Seng Index, so whether Shun Tak Fund can meet this task is crucial.

In addition to the intersection with Fulin Accounting Firm, another reason is that he did not have time to do these things in Hong Kong in person.

Generally speaking, in Hong Kong, the name of enterprises has a great habit, especially for the industries purchased by Chinese, most of them contain words such as Xin, De, Cheng, Guang, Xing, and Long. In fact, Liu Dashao didn't like the Xinde Fund very much, and he was not domineering at all, so he was very angry at the beginning and only gave the Xinde Fund $5 million after its establishment, which can be described as extremely pitiful!

"Boss, this is the financial report of our fund company in the past two months!" After Qin Rui received the news that Liu Si was going to inspect the Shun Tak Fund yesterday, he had already prepared the financial report of the fund.

Liu Si didn't value Xinde Fund Company before, otherwise he would not have only given Xinde Fund $5 million in funds. Now that Qin Rui had already handed over the financial report, he made do with it.

Before he turned the first page, he was very depressed and confused, "Mr. Qin, how did this Xinde No. 1 Fund work?" ”

Xinde Fund No. 1 is a fund that Qin Rui found that the fund had only been newly established after coming to Shun Tak Fund, and the fund account was only 5 million US dollars and raised funds on his own. So far, Shun Tak Fund 1 has absorbed a total of 32.7 million US dollars, with a profitability of about 3%, and the development is not bad, especially for Qin Rui, who is still a newcomer in the fund industry.

Because of the existence of Xinde No. 1 Fund, the current information hardware facilities and equipment such as traders, strategists and computers in Xinde Fund Company are still well prepared. Liu Si was very satisfied with this.

What he didn't know was that Qin Rui was very disappointed in his boss, and even wanted to change jobs again, but he didn't find a reliable reason. The fund company has been established for two months, and the boss has not come once; The company has only $5 million...... All of this shows that Shun Tak Fund does not see a future and no hope.

July 1, 1997 was a day for the Chinese people to raise their eyebrows and puff up, and on this day, the Chinese people finally washed away the century-old humiliation, resumed the exercise of sovereignty over Hong Kong, and established a special administrative region.

No matter how the world changes, today is happy, no one is reborn like Liu Si, and no one knows the historical trajectory of the future, no one! Even those who can dominate and predict future historical changes are happy, because it means harvest, it means profit, it means green dollar money!