Rebirth of the Entrepreneurship Era - v2 Chapter 414

Eric Chou doesn’t know what the specific reason is. At this time, he can only choke Xu Yiyang: “Aren’t you just a freshman studying English? It’s as if you are better than anyone and understand economics better than anyone else.” Come and listen!”

Xu Yiyang nodded: “Okay, then I’ll talk to you.”

After speaking, Xu Yiyang continued: “In short, Soros raised a large amount of US dollars as collateral before the Thai baht collapsed, and borrowed the Thai baht from the bank. Although US dollars were used as collateral, the specific process of the debt was : Soros borrowed Thai baht, so in the future he will also pay Thai baht. You have to remember this point clearly, you will have to take the test later.”

Eric Chou curled his lips: “What are you shit, what’s so great?”

Xu Yiyang smiled and said, “When I finish talking, you will know what’s great.”

Later, Xu Yiyang returned to the topic, saying: “If the normal exchange rate between the U.S. dollar and the Thai baht was 1:100 at that time, Soros would use 100 billion U.S. dollars as collateral for 10 trillion baht;

Then, he went to the foreign exchange market to sell 10 trillion baht.

The amount of 10 trillion baht is too large. While selling it, he caused the exchange rate to fall and the Thai baht fell. When he sold all the 10 trillion baht, he might have only sold 90 billion US dollars after taking into account the discount;

At this time, it seems that Soros has lost $10 billion, but it doesn’t matter, this loss is just a floating loss, and he is still yet to make money.

The sudden sell-off of 10 trillion baht itself will cause exchange rate decline and market panic. In addition, Soros deliberately spread rumors that the baht is about to collapse and increase market panic about the baht. Therefore, other people who are eager to get rid of the baht will follow him. Selling Thai baht, even ordinary people in Thailand will scramble to go to the bank to exchange the depreciating Thai baht in their hands for more stable U.S. dollars.

Therefore, the whole society believes that the Thai baht is about to collapse, and the Thai baht collapses completely, and the exchange rate against the US dollar may suddenly drop from 1:100 to 1:150;

Then you have to remember the point I just said, Soros still owes the bank 10 trillion baht to pay back, so he can repurchase the baht at the exchange rate of 1:150 at this time.

Under this collapsed exchange rate, Soros only needs to spend about 66.6 billion US dollars to buy 10 trillion baht.

At this time, he returned the 10 trillion baht he bought back to the bank, and he could get back his previous mortgage of 100 billion US dollars, and his account with the bank was settled.

But how much money is left in his hands now?

Excluding the principal, when he sold 10 trillion baht, he received 90 billion US dollars. After subtracting the 66.6 billion US dollars that he bought back 10 billion baht to the bank, he has a net left of 23.4 billion US dollars! “

Having said that, Xu Yiyang looked at Eric Chou and smiled: “This is the number of ways international speculators short the currencies of other countries. I will give you a summary. To short is to first lent goods and sell them at high levels, triggering market panic and triggering prices. Dive, then buy at a low price by yourself, and finally close the position and leave the market with the difference. Do you understand?”

Eric Chou was stunned. He didn’t know if Xu Yiyang was saying true or false, but the point was that he realized that he understood Soros’ money-making operations, which was really embarrassing…

The people in the audience were also completely shocked by what Xu Yiyang said. In fact, most liberal arts students, even most science students, may not really understand how Soros shorted the baht, and even many people even shorted what it was. They didn’t know the meaning, but now they all understood.

Seeing that he had nothing to say, Xu Yiyang said at this time: “So, where did Soros earn his US$23.4 billion in profits? It was actually grabbed from the hands of the entire Thai people. Think about it, you You are a middle class in Thailand. You deposit 10 million baht in the bank. You can buy two houses with this money. However, after Soros came to looting, the Thai baht collapsed, and the purchasing power of the Thai baht plummeted. Ten million baht, you can only buy a house. The total amount of money is no less, but the purchasing power is reduced by half. Where did this house go? Of course it went to Soros.”

“So, let’s go back to the stupid question you just asked, why can’t the Thai government deal with Soros? This is mainly because the Thai government has too little foreign exchange reserves, and there is no way to fully accept the order when Soros sells the baht. Stabilizing the exchange rate, so this is the fundamental reason why the Thai economy was attacked by Soros and went backwards for 20 years.”

At this time, Xu Yiyang said very seriously: “Soros used the same method to snipe the Hong Kong dollar after sniping the Thai baht and triggering the financial turmoil in Southeast Asia. This is what you said, the financial turmoil of 1998.”

“But the mainland and Hong Kong have foreign exchange reserves that far exceed those of Thailand. At that time, the mainland government had the world’s second-ranked foreign exchange reserves, and Hong Kong’s foreign exchange reserves were the third in the world. Coupled with the strong public support of the mainland government, it publicly stated that it would not hesitate. At the cost of protecting Hong Kong’s finances, the mainland government used practical actions to make Soros understand that he was not only attacking Hong Kong, but the entire China!”

“Why did Soros lose and why he was afraid? Because the Hong Kong Special Administrative Region and the Mainland governments have joined forces to stabilize the exchange rate, stabilize the stock market, and stabilize people’s hearts. Under such circumstances, Soros wants to sell the Hong Kong dollar to trigger the collapse of the Hong Kong dollar, which is almost impossible. Because of the strong foreign exchange reserves of China as a whole, we can take as much as Soros throws, and we will never let the exchange rate of the Hong Kong dollar fall. It is precisely because of this that Soros has returned from Hong Kong!”

Having said that, Xu Yiyang raised his voice a little, and his tone became serious and sharp, and said coldly: “After all, the credit for driving Soros away and maintaining Hong Kong’s financial stability is not all from the Mainland, nor is it all from the Hong Kong Special Administrative Region. Yes, but the entire Chinese people, so you just said that Hong Kong survived by its own strength. This argument is also completely wrong.”

“The reason why you made such a mistake is entirely because you are so ignorant and ignorant that you don’t even understand the working principle behind the whole thing, so you just talk nonsense, talk nonsense, and draw conclusions!”

“Your ignorance is just like me when I was three years old! At that time, I was naive and ignorant, thinking that the car was driven by the driver with his foot. I felt that the driver was the most powerful person in the world because he was alone, If you step on and on with two legs underneath, you can pull a car and a full car of passengers;”

“However, I knew when I was four years old that it turns out that the car can run, not because the driver is working, but because its engine is burning gasoline!”

“You are also a senior in your 20s and a prestigious university. Why don’t you even understand such a simple truth? Is your IQ not as good as a four-year-old?”

“Moreover, in my opinion, you are not only ignorant and naive, but also extremely arrogant and arrogant! Many things you just don’t understand, or even shit, you dare to open your mouth and talk without any responsibility, completely not as a college student. Basic literacy has refreshed my understanding of the top students of Hong Kong University!”

After Xu Yiyang’s repeated troubles, even unable to fight back at all, Eric Chou’s expression was extremely ugly, his face flushed scary, and the whole person began to tremble.

At this time, Xu Yiyang sighed and continued: “Actually, there is one thing I wanted to tell you from the beginning, that is, your spoken language is really bad in my opinion. I have a headache when listening to you. “

“You said to yourself that you have been learning English in a more developed, more prosperous, and more open environment since you were young. Why is your English not as good as I can speak? Your vocabulary is so weak in my eyes.”

“Furthermore, you keep saying that English is your second mother tongue. You have received bilingual education since you were a child, and you have studied in the English Department of the University of Hong Kong for four years, and you are taught in English for four years. Why is your oral English not as good as mine? Living in such an excellent environment as you said, and I am just freshman, why is my spoken English so much better than yours?”

By the time Xu Yiyang said this, Eric Chou was almost crazy.

Xu Yiyang went on to say: “Look at you, the spoken language and vocabulary are far less than me. I don’t know as much, and I don’t know the logic. I just don’t know what to do, what to eat, and what to say. Mentally handicapped adult ~www.mtlnovel.com~ but they have to slap my mouth like a moth into a fire, and keep hitting my muzzle. What do you think you are stupid?”

Eric Chou has almost collapsed, and big beads of sweat are dripping from his cheeks.

He grew up so big and had never suffered such a big blow. Xu Yiyang’s whole person was completely trampled under his feet.

Xu Yiyang looked at him, sneered, and said: “Finally I would advise you, ignorance is never a fatal problem, stupidity is!”

As soon as the words fell, the audience was silent!

Xu Yiyang kept talking and talking like a machine gun, and didn’t give Eric Chou the slightest chance to fight back. All the ammunition fell on him accurately, hitting him like a sieve.

Many Hong Kong University students’ faces are a little bit awkward. Eric Chou is so embarrassing today that they all feel hot on their faces.

And Eric Chou’s two students who were originally prepared to assist him and help him output firepower are now pale in fright.

Fortunately, I didn’t talk too much, otherwise, these powerful and repressive firepower may eventually be poured on myself…

Eric Chou has no idea how he will end up.

He has never been so embarrassed in his entire life. He is known as witty, and in front of Xu Yiyang, he is not as weak as a three-year-old child.

In particular, Xu Yiyang’s mockery of his spoken language and vocabulary is not heartbreaking, it is simply heartbreaking!

He tensed for too long, and finally felt a buzz in his head. He suddenly stood up, threw the microphone to the ground, and rushed out of the auditorium, leaving behind a lot of shocked audiences with a look The smiling Xu Yiyang…