Chapter 468: The Energy of an International Speculator
Qin Zihe conducted a special study on the Asian financial crisis in his previous life, and he was very clear about every step of the quantum fund plan, and Soros, the head of the quantum fund, knew very well that Thailand's foreign exchange reserves were 30 billion US dollars, "It is difficult to defeat the Thai baht by the quantum fund alone, so he contacted some international financial speculators and united their forces to attack targets in Southeast Asia."
The plan of the Quantum Fund is a three-step process. The first step is to enter Thailand in a high-profile manner, posing as a large-scale sale of the Thai baht, the Thai government will definitely do its best to keep the Thai baht, and it is inevitable to withdraw foreign exchange reserves to save the Thai baht, and the main purpose of this step is to consume a large number of foreign exchange reserves of the Thai government and deplete its national financial resources. The goal of this step has now been achieved, and in the face of the aggressive attack of quantum funds and international speculators, "the Bank of Thailand and the Bank of Singapore joined forces to enter the market, using $12 billion to absorb Thai baht: prohibiting local banks from lending Thai baht to offshore speculators; The interest rate was greatly raised, and after a short battle, the position of the Thai baht was temporarily preserved.
The purpose of this round of attacks is clear: "to disrupt the financial markets of Southeast Asia, test the reaction of the Thai government, and prepare for its next attack." The chaos and loss of control in the management of real estate, foreign exchange reserves, and financial markets in some Southeast Asian countries "provide a once-in-a-lifetime opportunity for international speculators." The plan of the Quantum Fund is to start with Thailand, Indonesia, and Malaysia, which are the most vulnerable, and then disrupt Asia, the Four Tigers, Singapore, South Korea, and Taiwan, and finally capture Hong Kong, in order to create their indestructible impression, defeat market confidence, and trigger, flock sheep, and psychology. Soros believes that as long as one country's financial market is crushed, "other countries will inevitably fall one after another, which is the so-called, domino" effect.
The second step starts from the time when the Thai government thinks that it will keep the Thai baht, "after having an experience, they will try their best to save the baht", the foreign exchange reserves have been exhausted, they can only borrow from other countries to defend the Thai baht, in this step, it is necessary to slowly attack wave after wave, so that the Thai government can borrow all the money into the Thai baht", so that the goal of maximum benefit can be absorbed, because "the more the Thai government invests in defending the Thai baht, the greater the return of the quantum fund."
The third step is to launch a simultaneous attack on Indonesia, Malaysia and Singapore before dealing a fatal blow to Thailand, and the other three countries have the example of Thailand's successful defense of the Thai baht.
Qin Zihe's plan is specially formulated for the plan of the quantum fund, and it is very accurate regardless of the time and node, of course, "I can't let my aunt's Chu Qin financial company come forward directly, Chu Qin company also has offshore financial investment companies overseas, Chu Yao injected a large amount of US dollars into the offshore financial investment company, and sent the company's chief trader James to lead the team to operate, because there are a large number of international speculators behind the quantum fund, and the quantum fund also needs their strength" Therefore Although Chuqin Company and Huihe Securities Investment have invested a lot of money, they are not undewy.
The reason why the Thai baht status is temporarily retained is only known best by Soros, the head of the Quantum Fund, because this is part of his plan, of course, what he didn't expect is that Qin Zihe's rebirth also mastered his plan! The huge dollar that Soros is holding in his hand will not be smashed out at this time at all, but will be laid out in several other countries first. The international currency speculators who followed up did not know why they were anxious when they saw that they had not won the baht, and they had only one way to deal with the situation, to raise funds and throw the baht. Under the blow of international currency speculators, the depreciation of the Thai baht has been wave after wave, and the exchange rate of the Thai baht against the US dollar has repeatedly hit new lows.
In the face of wave after wave of blows from international currency speculators, the Thai government smashed all its foreign exchange reserves into the market, and borrowed $5 billion from the Central Bank of Singapore, finally stopping the decline of the Thai baht. International currency speculators saw that the Quantum Fund was not moving, and they were not confident in defeating the Thai baht, so they had to stop and watch the situation. While the Thai government has taken a breather, it has decisively removed Finance Minister Wilawang, who has failed to perform well in the financial crisis. The Thai government's move, like dropping a bombshell on a rough lake, quickly spread to other countries, and the Philippines became the first direct victim, and the peso exchange rate began to fluctuate sharply.
Qin Zihe didn't pay much attention to the first two attacks of the Thai baht, and worked normally in Tongjiang's own office every day, because there was no suspense at all, and the results of these two rounds of attacks were reported to him by Wang Xue by phone. He is not concerned about Thailand and other Southeast Asian countries, but Hong Kong, China, according to the plan of the Quantum Fund, a large number of funds have now secretly entered Hong Kong, although Hong Kong is in danger in this round of attacks, but the stock market is suffering heavy losses. On July 1, Hong Kong is about to return to the motherland, and the policy of one country, two systems, coupled with the fact that Hong Kong is an international trading port, "its financial market operates in accordance with international rules, and the country has the intention to save Hong Kong, but it cannot blatantly violate international rules and directly rescue the market, but can only operate secretly." In the previous life, the government of the Chinese country also used the mainland companies listed in Hong Kong to enter the market to save the harvest and secretly import funds to accomplish this, and the Hong Kong government and Hong Kong financial management departments have always stood in the foreground.
Although Hong Kong relied on the huge financial resources of the motherland to defeat the dreams of international speculators to make a fortune in Hong Kong, they lost all their money. But the price paid was also dearly, as Hong Kong's economy fell into a slump after the financial crisis, and it was not until 2000 that it recovered.
The third round of attacks by international speculators on Qin Mo began in late June. At this time, Qin Zihe also had to concentrate on paying attention, his laptop was not left by his body, and he paid attention to the information changes in the financial markets of New York and Southeast Asia every day, while Wang Xue passed various messages on the phone, "Sometimes he also called James directly to inquire."
At the beginning of the attack of the quantum fund, speculators also heard the wind, sold the US Treasury bonds in their hands, raised funds, and launched an attack on the Thai baht, while Chu Qin Company and Huihe Securities Investment followed up in time and kept hiding behind them. Although the Bank of Thailand quickly fought back when it saw this. But at this time, people were panicked, everyone was in danger, and all kinds of shortcomings under the cover of the peaceful and prosperous era were exposed one by one. ~!