Keynes and other names mentioned by Wu Lu are all well-known economists, these economists are the great masters of the founding school, and the economic ideas they founded were vigorously promoted by the government for a certain period of time, and they were or are creating prosperous economic growth. With the exception of Keynes, everyone else shared the view that the less government intervention in the market in economic activity, the better, which is known as free market theory, although some of them were more focused on the monetary side and some were inclined towards the classical economic side.

With a long sigh, Wu Lucai slowed down his tone and continued: "These people's economic theories are not wrong! But you juniors should remember that what we are talking about is not a topic, and the problem now is the war of capital, not the problem of some market economy. Not to mention the case of the capital war that has occurred in recent years, you know that the former Soviet Union was in chaos after the economic disintegration, and the Western economic circles prescribed an economic program called 'shock therapy' for them, and I believe you are all very supportive of this plan. But what I want to tell you is that along with this plan, there is also a plan code-named 'Vantaa', which will scare you to death. ”

"What's the plan for Vantaa? What's the Vantaa plan? Liu Huanfei's face was stunned, and he was stunned for a long time before asking.

Like him, most of the people present had a puzzled look on their faces, and only a few of them looked as usual, apparently already knowing the content of the Vantaa plan.

"After the collapse of the former Soviet Union, American and European agents lobbied everywhere in Moscow, bribing officials to hollow out the entire Soviet Union. These include hundreds of billions of dollars in assets and hundreds of tons of gold reserves. Unconsciously, these dollar assets and gold reserves that originally belonged to the Soviet people fell into the pockets of the United States and Europe, and it is precisely because of the lack of these hard currencies that the ruble is now depreciating year by year. ”

The authenticity of these things coming out of Wu Lu's mouth is naturally undeniable, and everyone present knows that in addition to his identity as an economist at the National Economic Think Tank, he also serves as the honorary president of the Association for Foreign Economic Exchanges. To put it bluntly, this so-called Association for Foreign Economic Exchanges is an economic espionage organization, but the exchange activities of these associations are protected by the laws of various countries.

Everyone was shocked by what Wu Lu said. For a long time, no one thought of how to refute it. Most of them attribute the depreciation of the ruble to the collapse of industry, oligopoly, and chaos in economic activity that followed the Soviet Union. I didn't expect that there was such a deep reason for this.

Among them, some of them looked at Zhuge Pavilion, and when they saw that the chief's face remained unchanged, and there was no trace of surprise, they knew what to do. What Wu Lu said is absolutely true.

"Since you attribute the form of Thailand and other countries to the problems of the country's economic development. So what can you explain to what is in the end of '96. There has been a sudden surge in forward contracts on the Thai side, and most of these forward contracts expire between July and August? Also, despite the fact that Japan's economic growth has slowed down in recent years. The domestic market is sluggish, but why is the Japanese market's investment in Southeast Asia not increasing but decreasing, and even has a tendency to return to Southeast Asia? ”

"Beyond that, can you explain the various rumours that broke out in the market during the worst days of the currency crisis? How do you explain that most of the funds withdrawn from Thailand are channeled through these multinational banks? Speaking of this, Wu Lu pointed to the report in his hand, and his expression was no longer filled with righteous indignation, but deep disappointment.

After everyone digested for a while, he said slowly: "The bond crisis of '94 was an economic war between Europe and the United States, which also involved Japan, and these countries or organizations are the economic focus of the entire world, and we are not capable of being involved in it at all. The subsequent trade negotiations between the United States and Japan were entirely in retaliation by the United States for Japan's involvement in the bond crisis of '94, and the two sides went back and forth for three years, and finally the Japanese side and the United States reached a compromise, so the yen lost the pressure and no longer appreciated. As a result, the United States has no opponents for the time being, and it has set its entire target on Asia, especially those regions with rapid economic growth, so it is inevitable to use the tools of the financial market to attack these countries or regions! Wu Lu said this, and after a pause, he said: "When it comes to the inaccurate estimation of the blow, it should be harvested, as if it is like planting a good crop, and when the time comes, it will start to work." ”

After talking for so long, Wu Lu was obviously a little physically exhausted, he sat down slowly, glanced at Zhuge Pavilion, and continued: "Obviously, this is an economic war. We should be vigilant and soberly aware of this, and stop having illusions. I don't deny that the free market is good, but we can't give up the government's control of the market until we have enough economic foundation and the right to speak. ”

Obviously, this Wu Lu chose to attend this meeting in response to a recent attack on the theory of free market economics.

Immediately, the faces of several people turned unnatural, they were all the most active people who had been clamoring for the market economy recently, and it was obvious that Wu Lu's words had refuted them to the fullest.

Fortunately, at this time, Zhuge Pavilion coughed lightly, interrupted Wu Lu's tirade, and said, "Old Wu, Xie Lu, thank you for your speech." Based on the information we have obtained and the information we have received, it has been determined that the current currency crisis is an economic war instigated by the US government behind the scenes, and some consortia are acting as tools in the front. Now, let's talk about what we can do at this stage. ”

"Even if it's an economic war, I'm afraid it won't pose much of a threat to us, right? Moreover, the currencies of Southeast Asian countries are free to float, and some of their funds will be diverted to our countries due to exchange rate concerns, which should be good news for us. After a long day of coldness, a Ministry of Finance official named Wang Qiushi said.

"No, it's not as easy as we think. Although the renminbi is not freely convertible at present, if there is too much difference between the underground exchange rate and the official exchange rate, the pressure on the depreciation of the renminbi is very huge, and hot money will flow into the country through various legal and illegal channels, which will cause great trouble to our work. As soon as Wang Qiushi's words fell, the officials of the central bank retorted.

As soon as the officials from the central bank finished speaking, the officials of the Hong Kong and Macao Affairs Office continued: "Although we are laymen and do not know much about economic work, if Hong Kong's economy declines sharply in just a few months after Hong Kong's return to the motherland, then the international community will definitely have doubts about our ability to govern Hong Kong, and then various voices will come out one after another, which will put great pressure on our work." ”

Immediately afterwards, various officials, including the Organization Department, expressed their relevant opinions, and the atmosphere in the entire conference room reached a climax for a while.

Song Ling also attended the meeting as a representative of a Chinese-funded Hong Kong listed company, but he was not qualified to speak at such a high-level meeting, so he could only listen silently. He knew very well in his heart that although they were arguing non-stop at this time, when the final plan was decided, it would still need someone like him to implement it.

……

Zhuge Guan felt a headache, financial work is the scope of his responsibility, but Hong Kong and Macao affairs are not the scope of his management, and some officials of the Ministry of Finance also disobey him. Although he has fully proven his ability in his current position, the current situation still makes him feel like he can't do anything.

"Enough!" As the highest-ranking leader present, he had to control the process of the meeting so that the discussion did not deviate too far from the established direction, so he slapped the table, "The problem in front of us is how to solve the problem, not to complain." If we can solve the problems smoothly, these hypothetical problems will not arise, and you, you, and you will not just complain! As he spoke, he pointed his finger at a few of the people who had complained earlier.

The faces of the people he pointed out were pale for a while, obviously they didn't know much about Zhuge Pavilion's extremely pragmatic attitude towards talks, after all, they didn't have much affiliation with each other. However, being choked by Zhuge Pavilion like this, I believe that it will inevitably give a deep impression to these overly bureaucratic people.

Sure enough, the whining voices quickly died down, and the officials and experts in the meeting began to discuss the corresponding solutions, and it must be said that these officials in charge of the economy were experts, and after a few hours of discussion, they decided on a set of solutions that they thought would work.

They believe that under the current economic situation, the impact of the Southeast Asian currency crisis on the renminbi is not too big, and it is too early to discuss whether the renminbi will depreciate, and it needs to be discussed according to the progress of the situation, but they all have a relatively optimistic attitude towards whether the renminbi will depreciate.

In addition to these, the meeting also passed a resolution to withdraw a part of the US dollar funds from the account of the State Administration of Foreign Exchange to support the Hong Kong market, and these funds will be invested in the Hong Kong stock market through Chinese-funded listed enterprises in Hong Kong to support Hong Kong's economy when necessary, and the departments responsible for Hong Kong and Macao will supervise the movement of this part of the funds.

In addition, the inflow of hot money was also written into the resolution of the meeting, and activities such as underground money banks and money laundering will be the focus of the central bank in the coming period, especially in eastern Guangdong, which is at the forefront of reform. (To be continued......)

PS: Thank you for the bitter pumpkin pie of the book friend for voting for the monthly ticket!