Chapter 629: The Great Financial Collapse

※ Hajia Porter Financial Investment Company and contract answers. Soros's stunned public jumped out to attack the long-coveted Southeast Asian financial market, and international speculators also followed up in a big way, starting to sell a large number of Thai girls and buy dollars. Taimei plummeted under the pressure of huge international hot money.

The purpose of this round of attacks is clear: to disrupt Southeast Asian financial markets, test the Thai government's reaction, and prepare for its next attack. However, the chaotic and out-of-control management of real estate, foreign exchange reserves, and financial markets in some Southeast Asian countries has provided a once-in-a-lifetime opportunity for international speculators. Soros's plan is to start with Thailand, Indonesia, and Malaysia, which are the most vulnerable, and then disrupt the "four dragons" of Asia, Singapore, South Korea, and Taiwan, China, and finally capture Hong Kong, in an attempt to create an impression of their invincibility, crush market confidence, and lead to the "flock of 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.

Although Zuo Jiang's plan only has the content of attacking Thailand, Indonesia, Malaysia and Singapore, he has experienced his previous life, and he knows very well the ultimate goal of Soros.

It's May. Soros began to attack Tai Mei in the second round after gathering his energy. International currency speculators also followed suit and sold Thai Strong. Immediately, the exchange rate of Thai Ton fell sharply against the US dollar. In the face of the fierce attack of Soros and international speculators, the Bank of Thailand and the Bank of Singapore joined forces to enter the market, a three-pronged attempt to defend the Thai sisters. They used it to absorb Thai girls; prohibiting local banks from lending Thai girls to offshore speculators; The interest rate was greatly increased, and after a short encounter, Tai Quan's position was temporarily preserved.

The reason why Taimei's status is temporarily retained is only known to Zuo Jiang and Soros. Because this is part of their calculations, 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, and they were anxious when they saw that they did not take Tai Zheng, and they had only one way to deal with this situation, to raise funds and throw Tai Zheng hard. Under the blow of international currency speculators, the wave of depreciation of Thai sister has been wave after wave, and the exchange rate of Thai Quan 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 hundreds of millions of dollars from the Bank of Singapore, which finally stopped the decline of Thai girls. International currency speculators see that the quantum fund is not moving. Lack of confidence in defeating Taimei, so he 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 was like dropping a bomb on a rough lake, and it quickly spread to other countries, with the Philippines becoming the first direct victim, and the peso exchange rate began to rise and fall sharply.

Zuo Jiang didn't pay too much attention to Tai Li's first two attacks, and he didn't even sit in front of the electronic screen in his office to observe or command, because there was no suspense at all, and the results were all seen from the report that Hu Xiaoya sorted out for him, he is not concerned about Thailand, a few Southeast Asian countries, but Hong Kong, China, although a large amount of funds have secretly entered Hong Kong, Jenny has also made several sets of plans for various situations that may arise, but he still can't rest assured.

In July, Hong Kong is about to return to the motherland, the policy of one country, two systems, coupled with the fact that Hong Kong is an international free trade port, and its financial market is operated in accordance with international rules, the state has the intention to save Hong Kong, but cannot blatantly violate international rules and directly rescue the market, but can only operate secretly; in the previous life, the Chinese government also used the mainland to enter the Hong Kong-listed companies to rescue the market on a large scale and secretly import funds to accomplish this, and the Hong Kong government and Hong Kong's financial management departments have stood in the foreground, and Zuo Jiang is now mainly considering the issue of how to intervene.

A third round of attacks took place in late June. Zuo Jiang feels the last moment in front of the electronic screen in the office every day, and the operation is jointly carried out by Harry Potter Financial Investment Company and Quantum Fund, and the electronic screen of Zuo Jiang's office can completely reflect the information changes in the New York financial market and the Southeast Asian financial market, and the staff of the office timely collate all kinds of information and news for Zuo Jiang.

At the beginning of the attack on the quantum fund, speculators also heard the wind and sold the US Treasury bonds in their hands to raise funds, and launched an attack on Taiquan. 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.

In order to stabilize people's hearts. On March 1, Thai Prime Minister Chan Eri made a televised speech: "I reiterate once again, Thai Zheng no, we will let those speculators lose all their money." "Swear to oath, but its financial market is like a dou who can't be supported. At this time, the Bank of Thailand had run out of ammunition. The only $300 million in foreign exchange reserves has long been spent, and it is impossible to borrow funds for a while, and the exchange rate of Thailand has fallen one after another.

Just two days after Thailand's general statement, the Quantum Fund smashed the big single move in its hands, and the Thai government could no longer afford this heavy blow and a blow, and the Bank of Thailand was forced to announce the implementation of a floating exchange rate system, abandoning the year-old Thai sister's exchange rate system pegged to the US dollar.

On the same day, Taimei was heavily frustrated.

On the murderous day of July, Bank of Thailand Governor Luncha Malaga announced his resignation.

On August, the Bank of Thailand decided to close Taiwan's financial institutions, and at this point, Thailand finally collapsed completely.

Meanwhile. Soros began to strike hard at the Philippine peso, and international currency speculators followed suit. The Bangko Sentral ng Pilipinas (BSP) has tried to raise interest rates four times in a week and announced a widening of the range of fluctuations in the peso's exchange rate against the dollar. And he used all his foreign exchange reserves to support the peso in an attempt to save his crumbling financial edifice. Helplessly, the general trend has gone, and the Philippines is powerless to return to the sky.

July. On Sunday, the Philippine central bank of the Philippines allowed the Philippine peso to fluctuate in a wider range, and for a time, the peso depreciated miserably, in fact, it marked a complete loss in the defense of the peso.

Took the taiki and pesos. Soros's Quantum Fund and the next one for international currency speculators. The targets are Malaysia and Erdenisia.

Malaysia's central bank is trying to drive up the cost of shorting the Malaysian ringgit to stop Soros and speculators from making waves. Indonesia also entered the market to support the rupiah. But in the end, the low could not stop the large amount of US dollars in the hands of Soros and international currency speculators, and the exchange rate of the ringgit yaringi and the Indonesian rupiah against the US dollar fell like a dive.

The loss of positions in neighbouring countries began to affect Singapore's currency, which has long been known as the "currency of refuge".

Dead lips and cold teeth. Despite measures such as raising interest rates, Singapore has caught fire at the city gate, which has affected pond fish. The Singapore dollar continued to fall against the US dollar.

Under the tough posture of Soros and many international currency speculators, governments around the world felt powerless, gave up their defense actions, and began to give in, looking like they would not fight back. Let the national currency rise and fall in the market. On the other hand, international currency speculators are even more emboldened and are rampant in the Southeast Asian financial market.

The sniper war on Southeast Asia's currencies has put everyone at risk, and financial authorities have done everything they can to avoid falling into this quagmire, and even the United States, which has been watching from the sidelines, has begun to take a stand, and Federal Reserve Chairman Alan Greenspan said that he is particularly "disturbed" that the crisis is largely from one country to another, and that the United States is willing to help "the countries affected by this fluctuation."

In this crisis. Perhaps Thailand has suffered the most, as the violent financial turmoil has struck the country to the bottom. And before that, Thailand was Asian's "Four Dragons." One of the images was dizzying, with a small owner recalling: "It seemed like we were so rich that everybody was getting ready to buy Mercedes Benz which they were keen on beach houses, Swiss Omega, French Milk, German Mercedes, Japanese Panasonic."

Like the Americans, they also arrange annual trips to Europe in style; When you meet a country housewife or even a street vendor on the outskirts of Bangkok, you may be part of the stock army. "It's too easy for money to come and be stunned" at that time. They would say in such a joking tone that they were preparing to travel to Europe. But now, the Thais watched in amazement as Soros and others snatched everything that belonged to them from them; The family car was towed away by the police, unemployment began to bother me, romantic trips to Europe had to be cancelled, and children had to be transferred to cheap public schools"

Malaysian Prime Minister Mahathir Mohamad said: "This guy means, of course, Soros came to our country overnight. More than 10 years of struggle for the people of our country have come to naught. ”

Chawang, the governor of a Thai bank, said: "We can only watch as Soros, a rogue robber, steals the wealth we once had, and we just want to say, don't you just want money?" ”

For all Southeast Asians, a fortune they once had was wiped out, said Chanuwast, president of Sarmat Telecom: "Bangkokians haven't even had time to enjoy the glories, cars are off the production lines, and the new paint on houses hasn't dried yet." But they have lost everything.

Indonesian musician Bonni Legumah has been fighting hard to buy a dream garden and is about to move in when a storm strikes. "I had to return it." He said.