Rebirth: The No.1 Dandy - Chapter 541
He must make himself stronger and have more weapons and ammunition before he can have the power of a war!
Because then, his opponent will be Soros! Soros, who set off a bloody storm all over the world!
But now they are not opponents, but even allies. Soros doesn’t know Xiao SA, and Xiao SA is too familiar with Soros!
In his previous life, Xiao SA studied almost all Soros’s financial campaigns, whether successful or failed
Foreign exchange futures is a strategic weapon used by Soros.
This time it’s still the same.
Soros signed a futures contract to sell short the forward currency of Thai baht by buying short positions in Thai baht futures. At the same time, Soros sold a lot of spot Thai baht.
Soros is not alone. Many financial oligarchs in the West follow Soros’s lead, listen to the wind and join in one after another. Later, they were called the “United Legion”
For a time, the whole Thai financial futures market was in a panic and began to panic sell the Thai baht.
The Thai government began to fight back. From the beginning of May, the Bank of Thailand continued to raise the lending rate. By the end of May, it surprisingly raised the lending rate to 1000%.
Although the move temporarily stabilized the situation, it did not last long.
In June, the Thai finance minister took the blame and resigned, which not only did not have continuity of the policy, but also triggered a new round of market panic, leading to the further decline of the Thai baht exchange rate to 28:1
The Thai government’s US dollar foreign exchange reserves are in short supply in the large-scale sale of Thai baht
……
On the evening of June 30, 1997, Xiao SA received the whole family, young and old, including his father-in-law and mother-in-law, from Hong Kong. Accompanied by Yao Tiao, Yuan Qilin and Chen Shouzhong, they first attended an exciting ceremony that made all Chinese blood boil.
Xiao Sa’s whole family, old and young, can participate. Naturally, he took a special channel. He exhausted his mind and took all kinds of trouble to get the Varyag aircraft carrier back, and put tens of millions of dollars in it. He only asked the National Committee
At 0:00 on July 1, 1997, the National Anthem of the people’s Republic of China was played, and the national flag slowly rose over Hong Kong
Although Xiao SA watched it from beginning to end in front of the TV in his previous life, he witnessed the return of Hong Kong Island in this life. Like all Chinese people, Xiao SA was still excited to tears
……
At the moment, Southeast Asian countries are a different scene.
On July 2, 1997, the Thai government exhausted all its foreign exchange reserves and had to renounce the fixed exchange rate system and implement the floating exchange rate system.
The Thai baht plunged 20% overnight
Thailand’s financial crisis is coming
Subsequently, the Thai stock market plummeted, the funds in the investors’ accounts suddenly evaporated, the business operation was difficult, and the living standard regressed for decades
The Thai baht depreciated sharply. Soros and his gang repaid the loans of the Bank of Thailand with only a small amount of dollars, making a net profit of billions of dollars, while Soros himself made a net profit of nearly one billion.
Xiao SA smiled secretly. This time, he made more than Soros and left with a net profit of more than one billion dollars.
Grandma’s! This time, I finally didn’t drink soup. I ate the same large piece of meat, and I ate more than Soros!
The financial storm did not end here. After Thailand, Soros and his “coalition corps” swept Southeast Asian countries and extended their claws to Malaysia, the Philippines, Singapore and Indonesia
Before 1997, Southeast Asian countries generally implemented the export substitution strategy by undertaking the industrial transfer of Japan, South Korea and other developed countries, focusing on the development of export-oriented economy, which was indeed fast in the early stage of development.
However, while actively integrating into globalization, Southeast Asian countries are increasingly dependent on foreign economies, and are vulnerable to external economic shocks.
Especially at that time, in order to attract more foreign investment, countries often liberalized the foreign exchange control in the capital market while maintaining the fixed exchange rate system, and the capital circulated freely in the local market, which gave an opportunity for international speculative capital led by Soros Fund!
The sudden financial storm hit the bottom of Thailand’s economy, and then quickly spread to Malaysia, Singapore, the Philippines and other places, setting off huge waves in the whole Southeast Asian financial market.
The currencies of Southeast Asian countries depreciated sharply, while the stock markets fell in panic, which then impacted the real economy, resulting in a large number of unemployment and even political unrest
On July 11, the Central Bank of the Philippines announced that it would allow the Philippine Peso to fluctuate within a larger range when four interest rate increases were invalid. For a time, the peso depreciated sharply.
Then Indonesia and Malaysia became the targets of Soros’s “United Legion”.
In August, Malaysia abandoned its efforts to defend its ringgit.
Overnight, Malaysia’s top 12 millionaires lost $13 billion in the stock market alone.
On August 14, the Central Bank of Indonesia announced the cancellation of the fluctuation limit of the rupee exchange rate of its own currency. The rupee exchange rate was like the water opening the gate, pouring out to the lowest point in history.
……
The whole Southeast Asia is full of blood and sorrow!
Xiao SA knew that the storm was about to spread to Hong Kong Island, which had just returned.
Xiao SA placed his office in the headquarters building of Huitong bank in Hong Kong, which is convenient for nearby dispatching work, especially for the financial team to dispatch funds, because he is going to participate in an extremely tragic financial war on Hong Kong Island!
The opponent of this war is the “United Legion” headed by Soros, a financial giant who has just won from Southeast Asia!
Xiao SA first checked his current available funds. Before participating in the Southeast Asian financial campaign, he had $4 billion, including $2 billion in cash, 1 billion in US bonds and the equity of five US stocks with a present value of more than 1 billion.
After participating in the financial war in Thailand, he gained nearly $1.3 billion. Later, he also fought closely with Soros. He drank and ate meat all the way in Southeast Asian countries, and gained more than $2 billion. So now, he has more than $7 billion in assets.
Soros “United Legion” also realized that there were extra capital speculating with him, but they were all in fierce battle at that time, and no one had time to take these into account.
Afterwards, all Southeast Asian countries counted this account on Soros. Soros couldn’t explain or explain it. He was very depressed. He sent someone to inquire secretly, but he found that it was a bearer offshore account of Swiss bank and couldn’t go on
