On July 1, just as people were watching the handover ceremony on television, international hot money led by Soros launched a third attack on Thailand, and the Thai baht exchange rate broke through the previous low that day.
Faced with the impact of international hot money, Asian countries have a sense of crisis and have begun to restrict domestic financial institutions from speculating on Southeast Asian currencies such as the Thai baht.
But it's no use.
Because the capital strength of Europe and the United States is the biggest driving force behind the financial crisis, European and American banks hold a large amount of currencies in Southeast Asian countries. The amount is so large that Southeast Asian countries cannot bear it.
At the same time that international hot money launched its third impact on the Thai baht, Oriental Group, together with mainland capital such as Huo Daheng, Mr. Dong and Huajia, released news: Affected by the economic recession in Southeast Asia, the company's performance will be greatly affected, that is, it is bearish on Xiangjiang. The stock market, thinking it was going to plummet.
In fact, in June, the Hang Seng Index hit 17,000 points and hit a record high, then fell a bit and hovered around the 16,000 point line.
Many institutions have released news that the stock market will undergo a technical adjustment, but most people buy up and not down, believing that there will be a bull market after the bull market. After adjustment, the market continues to rise.
In this case, the Eastern Group not only issued a warning, but also teamed up with Huo Daheng and others to attack the market and sold a large number of stocks, directly hitting the Hang Seng Index, which was hovering at the 16,000-point line, to 12,000 points.
This is just the beginning. According to rumors, the boss of Eastern Group has spoken out and wants to push the Hang Seng Index below 8,000 points.
Compared with the previous 16,000 points, it can be said to have been cut in half.
This made countless investors who had lost money in the stock market extremely dissatisfied. They not only published articles in newspapers accusing Eastern Group of violating rules, but also went to the Independent Commission Against Corruption to protest, demanding that the Independent Commission Against Corruption investigate Eastern Group's manipulation of the stock market.
But just two days before this farce began, news came that the Thai baht could not support itself.
Faced with the limited foreign exchange left, the Bank of Thailand had to announce on national television that it would abandon the fixed exchange rate mechanism that it had insisted on for 14 years and implement the policy of a free floating exchange rate of the Thai baht.
As soon as the news came out, countless people cried bitterly, and countless speculators cheered, because this meant that the Thai government had surrendered and adopted a policy of non-resistance and lying down in the face of international hot money.
This policy was immediately reflected in the exchange rate. As soon as the international currency trading market opened, the Thai baht immediately plummeted, and the ratio against the US dollar instantly became 31 to 1, a drop of more than 13%.
And this was just the beginning. Thailand's suffering had not yet come. Soon the exchange rate continued to slide from 31:1 to the abyss. 32, 33, and 34 were all breakthroughs without any suspense, and even the 40:1 mark was not blocked.
In this situation again, Thailand's economy is wailing. Not only the stock market and property market have collapsed, but the economy has also fallen into negative growth. I don't know how many companies have closed down, and how many people's wealth has been wiped out.
The tragic situation of Thailand's economy also affected Hong Kong. The Hang Seng Index continued to fall from 12,000 points. In just a few days, it fell below the 10,000-point mark, sliding towards Lei Weidong's target of 8,000 points.
Contrary to the past, although many people suffered heavy losses in the stock market crash, the comments in the newspapers made a 180-degree turn. They no longer talked about conspiracy theories such as the Eastern Group controlling the stock market, but praised Lei Weidong for his foresight and foresight. economic crisis.
Regarding the economic situation in Southeast Asia, both institutions and economic commentators all have pessimistic predictions. The economic crisis in Southeast Asia is beginning, and a more serious one is yet to come. They have all lowered their forecasts for the stock market.
Many people are even sad that the Hang Seng Index will still be unable to stop when it reaches 8,000 points and will continue to plummet, just like it did in 1983.
While the citizens of Hong Kong are lamenting the plummeting stock market, the international hot money led by Soros is scolding the Eastern Group.
According to the plan, after the international speculators are ready to ravage the Southeast Asian countries, they will then attack economies with large foreign exchange reserves such as Xiangjiang, Wanwan, Bangziguo, and Singapore.
In order to earn higher profits.
While they are wreaking havoc in Thailand, Indonesia and other Asian tiger countries and making profits, they are also making trouble in Hong Kong. They use money to buy newspapers and so-called experts to preach how good Hong Kong's economy is.
In the real world, just by relying on showmanship, the economic crisis in Southeast Asia broke out within a month. The stock markets in Thailand, Indonesia and other places have plummeted into dogs. The Hang Seng Index in Hong Kong is still hitting a record high.
This gave international speculators enough time to establish a large number of short positions in the Hong Kong stock and futures markets after they had eaten and drank in Southeast Asian countries, turning Hong Kong into a cash machine for international hot money.
Many people talk about the impact of international hot money on Hong Kong. They only talk about their disastrous defeat in July 1998, and never mention the impact of international hot money on Hong Kong from October 1997 to July 1998.
Yes, in the final battle, with the support of the mainland, Xiangjiang repelled these international speculators and caused them to lose a lot of money. However, when it repelled international hot money, the Hong Kong Hang Seng Index was only a little over 8,000 points.
Although it is much higher than the lowest point of more than 6,600 points, compared with the highest point of more than 17,000 points, the loss is not a little bit. Otherwise, how could a large number of Hong Kong investors suffer heavy losses in the stock market crash, ranging from millions to tens of millions? Even billionaires have become losers.
All their money was stolen by international hot money.
Because the stock market plummeted in advance, Soros and other international hot money were still growing in Thailand, and they had no time to establish short positions in Hong Kong. They watched helplessly as they could not eat the fat, and could only vent their resentment on Thailand and other Southeast Asian countries.
After the Thai baht collapsed, the Governor of the Central Bank of Thailand announced his resignation, and the whole of Thailand opened its arms to international hot money, international hot money, together with several private funds of Lei Weidong, held a carnival in Thailand.
It also began to launch attacks on other countries.
The first unlucky ones are Malaysia and non-concierge.
Faced with the huge victory in Thailand and the international hot money that came with the victory, Southeast Asian countries were unable to resist. Without even a support pillar for the first wave of attacks, they all surrendered and announced that they would abandon fixed exchange rates.
As a result, the currencies of these countries depreciated wildly in a short period of time, and many of them were cut in half. As a result, like Thailand, the financial crisis spread to entities, with a large number of companies and banks closing down, and countless workers losing their jobs.
And this is just the beginning of the financial crisis.
However, as the economic crisis in Southeast Asian countries deepens, the Four Tigers have also been affected. In addition, the scale of international hot money coming to Asia due to the smell of blood is staggering, already exceeding 200 billion US dollars.
Such a huge amount of money is floating around Southeast Asia. As soon as they see something profitable, they will immediately pounce on it and take a bite, turning the four little tigers into four kittens, with no room for improvement.
"How much have we earned?" Still in the conference room of the Eastern Group headquarters, Lei Weidong asked, looking at Zhong Jian and others.
"A lot. Even if it's not as good as the profits we made in the United States over the years, it's still about the same amount." Zhong Jian took out the financial statements he had prepared and handed them to Lei Weidong:
“Because Thailand is a key target of international hot money, our income is not very high, only about 3.5 billion U.S. dollars, which is not as good as the gains of international speculators such as Soros.
But in Malaysia, Indonesia and non-concierge, we gained about 22 billion US dollars because of our early layout.
However, these harvests are much worse than those in Xiangjiang. "
"How much did you gain in Xiangjiang?" Lei Weidong asked.
“We pushed the Hang Seng Index from 16,000 points to 8,500 points, and all the leeks were harvested by us, Mr. Huo Daheng, Mr. Dong, Mr. Shao and others.
Among them, we had the largest profit, reaping 80% of the profits, about 43 billion U.S. dollars, and the remaining 9 billion U.S. dollars were divided up by Huo Daheng and others. "
"The harvest is nearly 70 billion U.S. dollars, not bad!" Lei Weidong nodded when he heard that the harvest was nearly 70 billion U.S. dollars. "I am very satisfied with this operation. The bonuses of all participants have been doubled."
"Thank you, Mr. Lei." When Lei Weidong said that the bonus would be doubled, everyone present laughed.
For Zhong Jian and others, the basic salary is nothing, and the bonus is the big one. Lei Weidong originally gave him more. If it were doubled, even the most ordinary trader among the people present could have an income of millions of dollars. Zhong Jian's income is measured in hundreds of millions.
"Can you guess the next target of international hot money?" Lei Weidong asked.
"You can basically guess it." Zhong Jian nodded, "The Four Little Tigers of Asia are finished. Not only the fat on their bodies, but also their bones have been chewed away by international hot money until only the dregs are left. Wen has no longer attracted the interest of international hot money." The same goes for small countries like Lai. If you are lucky, you are a bit scumbag, but if you are unlucky, the scumbags are gone.
Now in Asia, there is only one giant dragon, two sick dragons, a sitting tiger and four small dragons who can barely protect themselves, while the others have fallen. "
"The giant dragon is the mainland, the four little dragons are Xiangjiang, Singapore, and Wanwanhehe Bangzi Country. Who are the two sick dragons and the sitting tiger?" Lei Weidong asked with some confusion.
“The two sick dragons are Japan, which has a strong economy and a large amount of foreign exchange. Unfortunately, the double blow of the bubble crisis and the Mount Fuji incident has brought Japan’s economy to a standstill. It can only be regarded as a sick dragon, not a giant dragon.
The other one is Da Mao. Although Da Mao is mainly in Europe, it is incompatible with European and American countries. It is expected to be targeted this time. As for the land tiger, Ah San is. "
"Ah San, it is true that in South Asia, he has always been a territorial tiger. After all, he is the regional hegemon." Lei Weidong nodded.
Although Asan's economy is not very good and its foreign exchange reserves are not high, one thing worth commending is that their foreign debt level is very low.
In addition, Asan's economy is mainly self-sufficient, and its currency ruble is mainly used in the country, with very little circulating abroad. This leads to the fact that even if international capital wants to speculate in the ruble, it cannot establish short positions in the financial market.
Because it is difficult for your money to enter India. How can you make trouble in the financial market if you can't get your money in?
"The Asan market is difficult to enter, and the mainland market is even more difficult to enter. Although the mainland has continued to reform and transform from a planned economy to a market economy in recent years, the financial market has only opened a small gap to the outside world.
When foreign capital enters the mainland, it is okay to invest in industries and make money, and the mainland welcomes it with both hands, but it is not okay to enter the financial market and cause trouble. Not only is it difficult to enter, but even if it sneaks in, it can only make money in a disciplined manner.
If it goes too far and causes an economic turmoil like Thailand's, as the five permanent members of the Mainland, the power of the iron fist can be huge, and it will definitely make international hot money know what pain is. "
Lei Weidong said, "How about Ri Ben? Is it possible that he could become a target?"
"It was possible before, but now!" Zhong Jian shook his head, "Southeast Asia is Japan's largest foreign trade market and the place that receives the most Japanese investment. A crisis in Southeast Asia will definitely drag down Japan's economy and cause the stock market to plummet.
But after the double blow of the bubble crisis and the Mount Fuji incident, Japan's economy has long been squeezed out of water. The stock market has dropped by more than 80% compared with 1990, not even 6,000 points.
House prices are even worse, falling by more than 60% during the bubble crisis. After the Mount Fuji incident, house prices in Japan have been cut in half again and again. Now they are less than 10% of their peak levels.
It can be said that it has reached the bottom. Unless there is a war in Japan, there will be no room for decline. In addition, Japan still has a lot of foreign exchange reserves. If hot money hunts it, it will easily outweigh the gain. "
"Indeed!" Lei Weidong nodded.
In the real world, Japan may still be a target. The yen fell from 80 to around 150 due to the pressure of the economic crisis, losing nearly half of its value.
But in the Hong Kong Comprehensive World, after the Mount Fuji incident, the exchange ratio of the Japanese yen to the US dollar was directly knocked down to 250:1, and now it is close to about 300.
In this case, further depreciation is already very small. After all, Japan's economy is strong. Even if it is hit by the Mount Fuji incident, it will surpass Hans Cat and become the world's second largest economy.
“Excluding Asan, Mainland, and Japan, the only remaining targets are the Four Tigers and Da Mao. Especially the Four Tigers, their foreign exchange reserves are not very large, their economy is mainly export-oriented, and they are highly tied to Southeast Asia.
Now that something is happening in Southeast Asia, it is impossible for the Four Little Dragons to stay out of the conflict.
As for who is the unluckiest among these four companies, Xiangjiang should have been ranked first, but because Mr. Lei took the initiative to cool down the economy and dropped the Hang Seng Index to 8,500 points, there is no room for speculation.
As for who is the unluckiest among these four companies, Xiangjiang should have been ranked first, but because Mr. Lei took the initiative to cool down the economy, he lowered the Hang Seng Index to 8,500 points. This not only left the stock market with no room for speculation, but also arbitrage. There is a lot of hot money trying to speculate on the Hang Seng Index.
Now that it is difficult for these people to unwind, how can they possibly establish short positions to attack the Hang Seng Index.
Not to mention, the stock market is now in a downturn, and everyone is bearish on the market outlook. If you want to establish a large number of short positions, someone must take them. Because Singapore is located in the Straits, it is not a good goal to maintain economic stability by relying on tolls. "
"That is to say, only Wanwan and Bangzi Kingdom are left." Lei Weidong shrugged.
"Yes!" Zhong Jian nodded and continued, "It's okay for Wanwan. I have made a lot of money by doing business with the mainland in recent years. I have high foreign exchange reserves and little foreign debt. In the face of hot money, even if there is a loss, it will not be big.
Not so in Bangzi Country.
I have heard that the scale of its foreign debt far exceeds its foreign exchange reserves. It can be said that it has no ability to fight back against international hot money and will definitely suffer big losses. If we do! "
"Go all out to establish a short position on the South Korean won!" Lei Weidong looked at his watch. There was still a meeting in a while. He couldn't waste too much time, so he said,
"This time I want to knock the country's economy, especially the four-star economy, to the ground. Even if it cannot go bankrupt, it will take five or even ten years before it can recover."
(End of chapter)
