Chapter 447: The Economic Crisis Erupts

An economic crisis that has spread throughout Asia has quietly erupted, and Sodley, the founder of the World Quantum Fund, has quietly attacked the Thai baht in Thailand. Speaking of this, Sodley is actually not a business genius, let alone a good man of the economy, but his life is good. There is an old saying in Huaxia: It is not easy for people to find wealth, but it is difficult to find money without getting rich.

Speaking of the Great Depression in the United States that year, the Great Depression was a Great Depression after a rather prosperous process, many Americans accumulated a lot of wealth in their hands, but because of the economic depression, these rich people did not dare to enter the stock market, housing prices were too high to hoard, and hundreds of millions of dollars urgently needed to find value-added channels.

At that time, Europe introduced a Marshall Plan, which made the stocks of European countries rise sharply, but the Americans did not know, Sodley's sense of smell was very sensitive, and he took a huge amount of money to speculate in the European stock market at high interest rates, and made a lot of money. He also became famous because of this, and he became a quantum fund.

In the year of the establishment of the Quantum Fund, another good thing allowed Sodley to catch up, East and West Germany were ready to reunify, so the Deutsche Mark began to grow wildly, and the pound weakened in price because of the establishment of the US dollar as a world currency. Sodley threw out pounds to buy the mark, making him more than a billion pounds in one day. Although the central bank of England invested heavily to block it, it was still defeated and did not do anything to Sodley.

At this time, Sodley is even more prestigious, and more funds have been injected into the Quantum Fund. Sodley had money in his hands, so he targeted the fast-growing Asian countries, and this time he came to Asia with a trillion dollars, intending to set foot in Asia, so a currency station that shocked the world began......

As the saying goes, eating persimmons and picking soft pinch, Sodley first aimed at Thailand. At that time, the interest rate differential between Thailand and the United States was about six percent, and the deposit rate in Thailand was high. Sodley converted all the $1 trillion into Thai baht and deposited it in Thailand, which invisibly made him earn 6% of the difference in price. Under his influence, more hot money flowed into Thailand.

At that time, the exchange rate between the Thai baht and the US dollar was fixed, and Sodli borrowed 100 billion baht from the Bank of Thailand as collateral. At that time, this incident alarmed the Thai government, and they were very happy, thinking that if world-class businessmen came to invest and borrow, the government would be able to eat a lot of interest, and the country's economy would definitely be revitalized.

But Sodley converted all the 100 billion baht into dollars without spending a penny. He began to find ways to turn Thailand into a country with a floating exchange rate and devalue its currency.

As for how to depreciate the Thai baht, Sodli naturally has a trick, that is, to continue to borrow money from major Thai banks. Because Sodley has a quantum fund in his name, the banks are certainly not afraid that he will not repay the money, so they will respond to their needs. But Sodley bought the money in batches from the Thai government.

Now the people in Thailand are panicking, they don't know what happened to the baht, why are all the banks and markets selling the baht? And the dollar is so hot. Since everyone feels that the dollar is good and the status is strong, they all go to buy dollars together, which forms a huge radiation effect.

The Thai government finally couldn't take it anymore and began to declare that we didn't have that many foreign exchange reserves and now we didn't have dollars. So after urgent consultations, the government finally came up with what they thought was the best and most appropriate solution, that is, to implement a floating exchange rate and depreciate the Thai baht, and only when the Thai baht depreciated could the dollar be enough to sell.

At this time, the Thai baht depreciated sharply, from 1 to 25 at the beginning, to 1 to 50. At this time, Sodley made a move, he exchanged all the dollars for Thai baht, and rolled hundreds of billions of dollars at once, and Thailand's economy collapsed at once.

Then, Sodley began to do the same against other countries in Asia. The Japanese state, Myanmar, the Philippines and other countries have not been spared, and their economies have been hit by huge blows, some have collapsed, and some have regressed for more than ten years.

Sodley's name is now like a demon, and it feels terrible and a headache for any country to mention it.

Sodley's final target was Huaxia, and he knew that the economic strength of Huaxia was not the same as that of those small countries, so he first shot at the port market of Huaxia. Hong Kong City is like a child of Huaxia Kingdom, of course, mothers will not ignore it, so the Huaxia State government began to intervene to stop Sodley, and the two sides launched a war that was not seen but more tragic than it......

Affected by this, the domestic stock market in China has also begun to fluctuate sharply, and there has been a falling limit for many days, and the same is true for the stocks of Tianlong Group, Li Zhongzhong's heart knows very well that in just over ten days, his wealth has shrunk by more than half. If the bank can't lend him money at this time, or if the branches don't improve their efficiency, he really might go bankrupt.

Li Zhongzhong urgently needs to find a person who can save him from the fire, and he must have considerable economic strength and enough funds to buy back the shares of Tianlong Group, stabilize the stock price, and keep Tianlong Group.

This night, Li Moxin and Leng Feng returned home after dinner, and saw her father sitting in the living room smoking a cigarette and pondering, without even looking up when she went in, and her face was gloomy and scary. Li Moxin knew about the fluctuations in the stock market, and her father went to many banks to ask for loans, but most of them were rejected.

"Dad, you haven't eaten yet, have you?" Li Moxin sat beside her father and said softly.

"Where am I in the mood to eat now, Mo Xin, if the company goes bankrupt, you have to leave Jinghua City, I have prepared a document for you at Lawyer Wang, and you can find him when the time comes." Li Zhongzhong's eyes were bloodshot, and his heart was haggard.

"Dad, don't be so pessimistic, it's okay, the situation will get better." Li Moxin grabbed her father's arm and comforted.

"Hehe, now that Sodley is selling Hong Kong dollars aggressively, and the country's money has been used to save the market, if there is no capital injection, I don't think there is any hope for Tianlong Group." Li Zhongzhong smiled bitterly.

Li Moxin was silent, how could she not know the severity of the current shape.

"Dad, haven't you thought of a way to do it at the bank?" Li Moxin asked.

"Now no one dares to ask for money, saying that what country has shrunk the monetary base and stopped lending, I think it's just a fart, why can some companies take out hundreds of millions of dollars from the bank" Li Zhongzhong couldn't help but scold.

"Dad, do you think someone is making trouble in it?" Li Moxin asked tentatively.

"Wouldn't it? I, Li Zhongzhong, do things openly and fairly, and I haven't offended anyone? Besides, the people who can talk to the big banks are not ordinary people, no. Li Zhongzhong shook his head and said.

"So, what are your plans? Do you still want to continue to borrow money from Leng Tianhao? Li Moxin asked.

Li Zhongzhong was silent, Leng Tianhao couldn't open his mouth there, if he borrowed again, he would have to mortgage more shares, and if he couldn't pay it back, Tianlong Group would become his Leng Tianhao's.

However, looking at Huaxia Kingdom, who can still pull themselves at this time?

Suddenly, Li Zhongzhong thought of a place, maybe they could come to the rescue, but he immediately hesitated, because he knew that it was difficult to open this mouth, after all, it was more than a billion funds, and there was that unknown secret......