Chapter 263: The Storm Begins to Appear
"It's inevitable, international speculators are targeting countries whose growth rate is beyond control, and South Korea naturally belongs to this type, 30 years ago, South Korea's per capita GDP was 60 US dollars, and last year it reached 1,000 US dollars, a growth rate of 166 times, which is a proud achievement. Pen ~ Fun ~ Pavilion www.biquge.info"
"However, South Korea's economy is mainly dependent on a small number of large conglomerates, and one-third of these pillar companies have a debt ratio of more than 400 percent, which is the kind of shell company that is insolvent."
"You are expanding too fast, once the financial turmoil sweeps through Asia, these companies will drag down the banks, and the won will naturally fall, the dream of a strong country is good, but with all due respect, South Korea's dream of a strong country has become deformed." Wu Chen knew that Li Fuzhen was not capable of changing anything, so it didn't matter if he talked about it.
was chatting, the mobile phone suddenly rang, Wu Chen picked it up and looked at it, picked it up with a smile and said, "Ah, it turned out to be dear Miss Yingzhen, we haven't seen each other for a long time, why did you remember to call me at this time?" ”
"As you may know, Thailand is now under attack by international speculators, the financial markets are in turmoil, the baht is being sold off in large numbers, and our family business is also affected. I feel very upset, so I'll give you a call. By the way, I haven't congratulated you on winning the Academy Award for Best Director, which is a rare honor. Ying Ji said.
With the frantic attack of international speculators, the exchange rate between the Thai baht and the US dollar has plummeted, although the Thai government gritted its teeth and said that the Thai baht will not depreciate and adhere to the fixed exchange rate system, but facts speak louder than words, and now many people are frantically buying US dollars, which has made the downward trend of the Thai baht even greater, and has also led to the accelerated consumption of government foreign exchange.
The first to resist is of course banks and securities companies, as well as listed companies. The Thai baht is the main currency in Thailand, and the depreciation of the baht means that the assets of the company have shrunk, the value of the loans issued by the banks will be reduced, and the shares will be worthless.
At the beginning, one dollar was exchanged for 25 baht, which was the fixed exchange rate of the country, but now it has reached 28 baht, and it continues to fall, and the company will go bankrupt according to the US dollar, and the bank will collapse according to the Thai baht.
Regardless of which side has a problem, it will affect the Thai economy, and the government has to increase foreign exchange intervention and use reserves to counter the suppression of the Thai baht by international speculators, but the problem is that these reserves are simply a drop in the bucket!
"This is an irreversible situation, if I did, I would abandon the fixed exchange rate system as soon as possible, anyway, I would be terminally ill, and the long pain is better than the short pain. Your Thai government's request for help from other countries and the International Monetary Fund will only lead to an even more frantic attack by international speculators, because everyone knows in their hearts that the Thai baht can no longer hold on. ”
"Do you know how much international liquidity there is, seven trillion dollars! As long as one tenth, not one hundredth, rushes to Thailand, what kind of situation do you think? Soros is not fighting alone, as long as he opens Pandora's box, the others will immediately pounce on him like wolves, borrow tens of billions of dollars, and be eaten in minutes! Wu Chen said.
"I may know from you that my brother is the deputy prime minister of the government, and he said that the government's response plan is exactly the same as what you said, do I need to remind him?" Ying Ji asked.
"There is no need for this, he is not yet a government leader, and it is very disadvantageous for him to propose such a plan, which is tantamount to giving up Thailand's economic development achievements for so many years and sitting back and watching Thailand's wealth flow out of the country."
"Politics is not the same thing as what you think, even if the last dollar is exhausted, the government has to resist to the end, this is a matter of attitude, but, judging by the current development of the situation, when this crisis is over, the current government leader should also resign, and this is the tradition of your Thailand." Wu Chen said.
"When will you go back to the Golden Triangle, light and shadow digital cameras and outlook LCD TVs are selling very well in Thailand, if it weren't for this financial turmoil, even I would want to win the sales rights in Thailand." Ying Ji said with a smile.
"I'm going back to Los Angeles first, the premiere of "Tomorrow's Empire" is about to take place, I, the owner and director of the film company, have to participate in the promotional activities, this is my job, in late June, I will call you before I go back to the Golden Triangle, this time from Bangkok, Thailand." Wu Chen said.
"You're going back to Los Angeles?" Li Fu really felt a little reluctant, getting used to it was a terrible thing, and she hoped that Wu Chen would stay for a while. "Yes, I can't help myself, how can I have absolute freedom!" Wu Chen said with some emotion.
Even if he was accompanied by two princesses of Samsung Group, Wu Chen still flew back to Los Angeles, "Tomorrow's Empire" is about to land in major theaters in the United States, he must go back to host promotional activities, no matter how small the mosquito is, it is meat, how can this movie make him two or three hundred million dollars.
More importantly, two Seawolf-class attack nuclear submarines are scheduled to depart from Chittagong on 20 June and rush to the Sea of Japan to carry out an attack mission against the cruising fleet. Taking advantage of the fact that Russia does not have important military facilities and a permanent fleet on the four northern islands, the nuclear submarine squadron will temporarily choose a hidden reef as a waiting area before the attack.
Since the nuclear submarine is already owned by the Golden Triangle International Security Company, all the consequences will naturally be borne by the Golden Triangle International Security Company, and Wu Chen did not plan to personally participate in this sneak attack, and it was a very wrong behavior for a layman to command professionals.
"You and our dad will go to Hong Kong City early next month, this is a good day for our motherland to celebrate, although I can't go over because of my sensitive identity, but you can go instead of me." Wu Chen said while looking at the map.
"What gift are you going to give to the Motherland on the day of the great joy?" Xu Zilin said with a smile.
"The gift I gave was very affordable, some of the key data and sketches of the steam catapult, and a big gift from the Americans, and now the Sea of Japan is going to be lively, and everyone may not be able to move their fists and feet, but it is obvious that the diplomats have a job." Wu Chen pointed his finger at the four northern islands and said.
The premiere of "Tomorrow's Empire" was very lively, the crew chose the largest movie theater in Los Angeles as the venue for this event, and sent invitations to Hollywood directors and stars, and did not send special invitations, but mentioned it when participating in the interview, and revealed that a private banquet will be held at the Beverly Hills Hotel after the screening.
It's here to give me face, it doesn't matter if you don't come, this movie doesn't have much artistry, it's nothing more than old-fashioned beauties and heroes, as well as gorgeous scenes and fiery action, as well as expensive computer stunts.