Chapter 111: Damn Financial Crisis

Luo Xianfu's comfortable and comfortable life was shattered by the sudden Asian financial crisis.

On July 2, 1997, the Asian financial turmoil swept through Thailand, and the Thai baht depreciated. Soon, the storm swept through Malaysia, Singapore, Japan, South Korea, China, and other places. It shattered the scene of rapid economic development in Asia.

The economies of some major Asian economies have begun to slump, and the political situation in some countries has also begun to be chaotic.

The female boss served by Luo Xianfu is called Liu Lihong, who is a descendant of Thai-Chinese, and the whole family is engaged in Thailand's import and export trade, and completed capital accumulation in the 80s and 90s.

Liu Lihong is the general manager of the Liu family in charge of the Shenzhen market, speaking of the experience of this Mr. Liu, it can be called a rich resume and full of vicissitudes.

In the mid-80s, after graduating from Boston University in the United States with a master's degree, Mr. Liu returned to Bangkok, Thailand with her favorite boyfriend, a sturdy black man from Africa, to take over part of the family business.

Liu Lihong has been suppressed by her parents and some older people in Thailand for a long time, and the traditional Chinese virtues have been cocooned in her ears, as soon as she arrived in the free and easy world of the United States, she was released at once, and her boyfriend was like a carp crossing the river, and finally found a classmate who was ten minutes into her mind, although she was black, but she couldn't stand the family's tall and considerate family, the key was that when the two lived together, she was like a fish in water, drunk and comfortable.

The elders of the family saw that Lihong rejected all the boyfriends recommended by her friends, it turned out that her heart had already belonged, and it was a dark horse that she brought back.

I didn't expect that the whole family, when they saw the big black man, they felt uncomfortable and had a sudden sense of disgust, how could a Chinese son and daughter who would not change his name, and a yellow-skinned descendant who would not change his surname, let his descendants be black?

Especially Liu Lihong's father, who spoke directly,

"Shameful things, if you dare to be nice to black people, you will get out of Thailand, go back to the Sahara Desert, live with your 'dark horse prince', and give birth to a group of 'dark horses'."

In desperation, for the sake of her own future, Liu Lihong had to follow her parents' wishes, and said goodbye to her beloved dark horse prince with a broken wrist.

In the past few years, Liu Lihong also got acquainted with the children of rich families in Thailand, but these people are living in the shadow of the dark horse prince, so that in the early nineties, Liu Lihong was still a "yellow flower" girl, and she did not find her own wishful husband.

The parents were too anxious to get married, Liu Lihong was annoyed, played a thirty-six plan, went to the top, and came to Shenzhen alone in 95 years with the expansion of the family business.

After Mr. Liu arrived in Shenzhen, after more than a year of hard work, the business volume expanded exponentially, and the company suddenly made a reputation and credibility in Shenzhen.

By chance, Liu Lihong and Luo Xianfu met, and after intimate contact, this Luo Xianfu deserved to be a battle-hardened celebrity, and he served Mr. Liu so much that he called out.

Suddenly, Liu Lihong found it again, only with the dark horse, the feeling of being lost for a long time, it was the kind of taste that could not be said, and it was very comfortable all over the body.

All of a sudden, Mr. Liu's emotions were released, and the door of his heart, which had been sealed for a long time, was completely opened under Luo Xianfu's meticulous care.

As a result, Liu Lihong became a frequent visitor to Luo Xianfu.

Mr. Liu thought of Luo Xianfu's goodness, so he simply asked Ah Fu not to serve other people's male public relations, and made Luo Xianfu her full-time waiter.

Unexpectedly, the financial crisis in Thailand came very quickly.

It all started in January 1997, when international speculators led by George Soros began to attack the Southeast Asian financial market, which had been coveted for a long time, and began to sell the Thai baht and buy the US dollar.

The baht began to plummet.

It is precisely because of the weak economy, declining exports, high exchange rate and maintaining a fixed exchange rate with the US dollar, coupled with the chaos and loss of control of Thailand's domestic real estate, foreign exchange reserves, and financial market management, that international speculative funds provide a good hunting opportunity and a once-in-a-lifetime opportunity to make money.

Flies do not bite seamless eggs.

The purpose of the quantum fund led by Soros is very clear, that is, to disrupt the Southeast Asian financial market, in order to fish in troubled waters and make a profit.

Eat persimmons and pick soft pinching, and ride horses to pick strong leads. Soros's wishful thinking is to start with Thailand, Indonesia, and Malaysia, which are the most vulnerable, and then disrupt the Asian "four tigers" Singapore, South Korea, and Taiwan, China, and finally capture Hong Kong, in an attempt to create an impression that they are invincible, crush market confidence, and trigger the "sheep" mentality.

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.

Thailand, due to its special exchange rate conversion mechanism, became the first target of this effect, becoming the first card to be toppled in this effect, and becoming a birdie.

In May 1997, international currency speculators began to sell the Thai baht on a large scale, and the exchange rate fell sharply against the US dollar.

In the face of the aggressive attack of speculators, the Bank of Thailand and the Bank of Singapore joined forces to enter the market, in a three-pronged attempt to defend the Thai baht, and they used $12 billion to absorb the baht; prohibit local banks from lending baht to offshore speculators; The interest rate was greatly raised, and after a short battle, the position of the Thai baht was temporarily preserved.

In this regard, the international monetary and financial predators led by Soros have launched a strong counterattack, and they have only one trick: to raise funds and throw the Thai baht.

Soros began to advance steadily, constantly attacking advantageous terrain.

At the same time, 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. The Thai government was forced to hand over the seal of the former finance minister, and the Thai government dropped a bombshell on a rough lake, and the Philippines became a victim, and the peso exchange rate began to rise and fall sharply.

The gloomy departure of Ang Lei Wilawang did not stop the Thai baht's steady defeat.

In June, these bloodless predators began selling US Treasury bonds to raise funds and strike another fatal blow at the Thai baht.

The Bank of Thailand resisted stubbornly and fought back.

By this time, people in Thailand were already panicking, everyone was in danger, and all kinds of shortcomings under the cover of peace and prosperity were exposed one by one.

In order to stabilize the morale of the military, on June 30, Thai Prime Minister Cha Erly made a televised speech: "I reiterate once again that the Thai baht will not depreciate, and we will let those speculators lose all their money." "

Swear to swear, trapped beast to trapped beast, but this Thai financial market is too fragile, like a Liu Adou who can't be supported, and like a house that has been drained of the last few beams and is about to collapse.

At this time, the Bank of Thailand was already exhausted of ammunition and food, and its only $30 billion in foreign exchange reserves had long been spent.

Just two days after the Prime Minister's speech, the Bank of Thailand was forced to announce a floating exchange rate system, abandoning the 13-year-old exchange rate system in which the Thai baht was pegged to the US dollar.

On the same day, the baht fell by 20%, and on July 29, the governor of the Bank of Thailand, Lencha Malaka, announced his resignation.

On August 5, the central bank of Thailand decided to close 42 financial institutions, and thus the baht finally fell out.

Subsequently, Soros slashed the bloodthirsty butcher's knife at other countries in Southeast Asia that are also vulnerable, Malaysia, Indonesia, the Philippines, and Singapore suffered heavy losses.

For a time, the predators were everywhere, the economy was full of mourning, and the people were struggling to make a living.

Unfortunately, the location of Liu Lihong's family is the center of the financial turmoil.

Malaysian Prime Minister Mahathir Mohamad said: "Soros came to our country overnight, and more than ten years of struggle of our people across the country came to naught. "

Yes, Liu Lihong's family has worked hard all their lives in the family business, and overnight, they returned to the evil old society.

The financial crisis caused their families, the rich children of Omega in Switzerland, XO in France, Mercedes-Benz in Germany, and Panasonic in Japan, to fall to the bottom all of a sudden.

They can no longer arrange trips to Europe in the same dashing manner as the Americans; ...... the children are sent to private schools, and even when the car they ordered has just come off the production line, the house has not yet been painted, and it is too late to enjoy it, they have lost everything.

The children of the Liu family can only scold Soros, scold the damn financial crisis, and can only sigh at the sky after scolding.

With cold lips and cold teeth, Liu Lihong's business in Shenzhen is also not as good as before, and it is constantly shrinking.

So much so that later, Liu Lihong couldn't even sustain the company's normal expenses, and naturally, Mr. Liu couldn't afford to support his favorite Afu.

Seeing this, Luo Xianfu offered to leave Liu Lihong, but Mr. Liu had no choice but to agree.

Mr. Liu sighed, why can't my beloved man be kept! Damn the financial crisis.

Luo Xianfu thought that he had a small amount of savings in the past few years, and wanted to find a decent job, but he really found it, and felt that it was really aggrieved to be yelled at by the boss, so after leaving Mr. Liu for half a year, he returned to his old business, and Afu restarted his life as a celebrity public relations.

Originally, Luo Xianfu worked like this, and his income must be very high in Shenzhen, under normal circumstances, he had seven or eight thousand yuan a month, and if he met a good woman and showed mercy, Ah Fu's income exceeded 10,000 yuan a month.

Unexpectedly, the arrival of Xie Siju, a high school classmate in his hometown, exhausted all the savings of more than 200,000 yuan that Afu had worked so hard to accumulate, so that Luo Xianfu, a public relations gentleman who came to Shenzhen to work hard, became a penniless poor bachelor four years later.

This Xie Siju is the horse boy of the Macau gambling house, and he is the one who fooled Luo Xianfu into going to Macau and squandering the hard-earned money he worked so hard to earn.

After there was no way out, Luo Xianfu could only follow Xie Siju's suggestion to fool the mainlanders and go to the vast world of Macau casinos to make a difference.