A country’s foreign exchange.
It is the foundation of financial markets.
It is also a barrier to national wealth!
Foreign exchange generally adopts two systems: "fixed exchange rate system" and "floating exchange rate system".
The "fixed exchange rate system" is to bind the exchange rate of the national currency to a stable value and strong purchasing power such as gold or the US dollar.
The "floating exchange rate system" fluctuates according to the supply and demand for currency.
Since the "fixed exchange rate system" has a value target and the target is stable, wealth barriers are strong.
It can fully protect national wealth.
The "floating exchange rate system" opens the door to national wealth to the capital market...
The ups and downs are the most dramatic!
And there are no safety barriers!
Therefore, the "fixed exchange rate system" is much better than the "floating exchange rate system" in terms of stability and security.
The United States was the first country in the world to adopt a "fixed exchange rate system". It set the price of gold at US$35 per ounce, completely establishing the global trade value of the US dollar.
Therefore, the U.S. dollar has the title of U.S. dollar!
Gold is a non-renewable precious metal with industrial, financial, collection and other effects.
This move by the United States is very powerful!
Looking around the world, gold has represented wealth since ancient times... Therefore, when the United States began to penetrate financial trade into other countries in the world, it recommended the "US dollar" as a benchmark and implemented the "Bretton Woods System" to allow the "US dollar" “Become the world’s currency!
It has become the currency symbol of most countries influenced by Western capital.
In the eyes of those third world countries that trust Western capital, the U.S. dollar is equal to gold. What's wrong with using the U.S. dollar as the benchmark for "fixed exchange rates"?
This is no different from using gold as a mark.
There can also be economic aid, trade preferences, and tariff reductions from the United States...
It’s a bloody profit!
Therefore, every country under the "Bretton Woods System" needs to reserve some US dollars every time it prints some currency.
This ensures currency stability.
Guarantee the currency's international exchange rate and purchasing power.
Use this to trade and develop the country.
You know, a country cannot develop by being self-sufficient...at best it can only live hand to mouth.
Only by opening up exchanges and conducting trade exchanges can development be accelerated by joining.
At this time, the currency exchange rate is a bargaining chip for national trade.
Unfortunately, many countries do not know when to open up, and they will be cut off when they open up.
When the "Bretton Woods System" was established, the United States immediately canceled the legal price of "US dollars" for gold and completed a wave of operations to harvest leeks.
In the end, those countries could only hold their noses and admit their mistakes, using the "US dollar" as a foreign exchange token, and completely tying their national wealth to the American train.
And this train will ostensibly bring them rapid development.
In fact, it has completely exposed its country's wealth and financial system to the other party's fangs.
"A 3!"
box.
card table.
Zhuang Shikai threw down a "3 of spades" and was the first to add a hole card to the empty card table.
Sima Xiang sits on the left side of the card table.
"A 6."
He pulled out a card, waved his hand and said.
"A K."
Wei Hang sat on the right side of the card table, dropped a "K of Diamonds" and followed.
Zhuang Shikai held a handful of cards in his hand, with a glass of wine and a cigar beside him.
The cigar is now resting against the ashtray.
White smoke rose.
Chen Zhan and Huang Shitong were injured, holding wine glasses, standing at the card table, divided into two groups, each looking at the cards in the hands of "Wei Hang" and "Sima Xiang", but no one dared to look at the big boss's hand.
Late this night, in the Peninsula Hotel, the "Landlords Club" box started playing the big boss's favorite "Fighting Landlords" again.
Among the hundreds of card games played by the Landlord Club, it is rare for a big boss to participate... Since it is a card game with a big boss participating, everyone plays a big game, and the default ante for each hand is a set of " "Thousand-square-foot mansion", the landlord wants two units!
Bombs, sky cards, and land grabbers are all doubled!
So there were no chips or cash on the card table at all.
This is a hundred times more heroic than Huang Shitong, Chen Zhan and others who filled the table with cash and threw hundreds of thousands and hundreds of thousands away!
Of course, not everyone is qualified to play cards with the big boss.
Tonight, the big boss wants to talk business while playing cards. Only Sima Xiang and Wei Hang can play with him, and the others can only watch and "mentally participate". I couldn't sit down and play cards all night.
Because Sima Xiang is the leader of the Landowners Association, and Wei Hang is a newcomer who is highly valued by the "big boss". He has just returned from actual trading to earn three billion for the big boss...
As for Luo Minsheng, needless to say? He usually couldn't even play the poker games played by Huang Shitong and others, so he could only act as a waiter nearby!
It was also a blessing for him to sit in on the show.
"Crushed to death."
Zhuang Shikai dropped a "2" to preach.
Sure enough, Sima Xiang and Wei Hang both said it.
"Three belts and one."
Zhuang Shikai threw down four cards: "After World War II, most Asian countries imitated the financial systems of Western countries. Except for the motherland, the countries and regions with better economies in Asia are all under the 'Bretton Woods System'."
"If we say that the United States decoupled the U.S. dollar from gold, it was the first time it cut leeks."
"Then the release of the US dollar and the printing of money are repeated harvests of the 'Bretton Woods' countries in Asia."
"And the Asian financial crisis is about to happen!"
"This is another plunder of Asian wealth by Western capital!"
At this time, Sima Xiang also threw down four cards and said loudly: "There is nothing we can do about it. Who made the Asian continent lag behind the Western continent after the Industrial Revolution?"
"Looking at the whole of Southeast Asia, except for the motherland, who is not the younger brother of the West?"
"For the sake of domestic bubble-filled rapid development, they took the initiative to tie it to the U.S. dollar, which seems to have achieved short-term effects of rapid development."
"In fact, the root of the disaster has already been laid."
Things on the financial, economic and capital levels.
In the final analysis, it is all about force.
The current world situation is the distribution pattern of World War II!
Everything is based on the victory or defeat of the war and the strength of the country!
Unchangeable!
If the mainland of the motherland had not contended with, won, and won a "battle of national destiny" with the United States, how could it have established the current situation?
You know, the foundation for a strong country has already been laid.
The motherland has adopted an independent "controlled foreign exchange system", which not only allows foreign exchange to fluctuate with the free market, but also restricts the exchange of domestic currency for foreign exchange, building a strong barrier to national wealth!
Like a copper wall and an iron wall.
Let greedy and cunning international capital simply not be able to swallow it!
It can be said that this is the foundation of a strong country and the confidence of a great country. This is what makes the motherland different from all other countries. Even the old capitalist countries such as "British" and "France" cannot compare.
Therefore, in the 1970s and 1980s, the visionary big shots saw that our motherland would be strong in the future! Only then would they crazily want to contain, suppress, and block the rise of the country!
Impede the rise of great powers!
"Why is the financial crisis called a financial crisis?"
"Because once it starts, it doesn't stop...it just gets bigger and bigger and harder."
"And once it blows, it will definitely hit Hong Kong Island."
"Still using the most aggressive attitude, coming fiercely, sweeping over!" Wei Hang said while playing his cards.
"right."
Zhuang Shikai dropped a bomb and said in an understatement: "Those small countries want to develop, but our motherland also needs to develop. They tied their currency to the United States in exchange for the opportunity to join the WTO and do business with the world, but they gave up security. "
"The motherland controls the exchange rate, temporarily slows down development, and maintains security."
"But now if the country wants to develop, the country must develop. Hong Kong Island, as the window of the motherland, has temporarily shouldered the important task of the development of the motherland!"
"If the development of the motherland is not on the right track, the door to the WTO will not be opened. Hong Kong Island's historical mission is there! Then I must guard the window of Hong Kong Island for the people of the motherland! We must break this crisis!"
"Snapped!"
Zhuang Shikai threw off the "one dragon": "No one can stop him! If he stops, he will die!"
He has regarded the 1997 financial crisis as a conspiracy and suppression of the rise of the motherland by the Western world.
Is it simply a plunder of wealth by Western capital?
Whether it is or not, the 1997 storm will actually have the "effect" of suppressing the motherland, because once the financial market on Hong Kong Island is lost, the development of the motherland will be slowed down, interrupted, and
and even miss opportunities of the times.
Weaken the destiny of the country!
Therefore, the financial crisis is a stumbling block on the road to the rise of the motherland, and the stone must be kicked away!
Zhuang Shikai wants to smash it!
"Zhuang Sheng, but we don't have enough chips." Sima Xiang pushed up his glasses and selected cards one by one. At this moment, he didn't know which card to play.
The main strategy of Western capital is generally to buy a large amount of the currency of the target country and then place a huge short order.
When the currency chips in hand are sufficient, the target country's currency exchange rate will be quickly lowered through concentrated selling.
Since currency transactions in the international market are purchased with "US dollars", if a country wants to support its "currency value", it must provide sufficient US dollar reserves.
The financial systems of most Asian countries are not sound.
These unsound financial systems are like pieces of tempting meat, attracting Wall Street capitalists...
These capitalists are a group of wild wolves that smell blood!
When the foreign exchange reserves of the target country cannot support the value of the currency, it will trigger international panic selling, eventually leading to a decline in the currency.
For every percentage point it falls, the short order will make a percentage profit...
This makes capitalists make huge profits from their short positions!
And often when an international currency pair completely abandons the rules, it starts from abandoning the "fixed exchange rate system" and changing to a "floating exchange rate system"!
In other words, it is difficult for Western capital to make money in foreign exchange transactions, and they even have to pay a premium. The point where they make money is from short selling!
If Hong Kong Island wants to support the market value of the Hong Kong dollar, it must take two paths. The first is to acquire Hong Kong dollar chips, and the second is to collect foreign exchange preparations.
These two things are extremely complex operations.
And since other countries in Southeast Asia cannot tolerate it and are destined to go bankrupt, in order to accumulate chips in his hands, that is, "money", Zhuang Shikai followed Western capital to do "international hot money" and went to Southeast Asian countries to make money!
The 3 billion Hong Kong dollars "Wei Hang" earned in the Thai market was the 3 billion he earned from eating carrion and bone marrow in the Thai market under the orders of "Master Zhuang"!
He can dedicate his life to the country and nation, or he can turn into a demon and twitch and skin people! Because from the perspective of the country and the nation, everyone except the Chinese are enemies!
"Then earn more chips and come back." Zhuang Shikai squinted his eyes and said aloud.
