z
There is a reason why Wuyan left Shanghai because Kevin: It’s been a storm.
In 1992, Soros led the Quantum Fund to successfully snipe the British pound and obtained a profit of more than 2 billion US dollars. At that time, Fan Wubing also followed the trend and made a higher profit.
But because Soros is a representative figure who sniped the pound in public, the British and Europeans hated him to the core and called him Sherlock a rebirth.
Anyway, Soros won the attack on the pound, and he was called the man who defeated the Bank of England, and his statement even surpassed the heads of some countries for a while, and was called the leading figure in the financial world.
After cleaning up the Bank of England, Soros turned his gun. At the end of 1994, he turned the tide in Mexico, causing the Mexican peso to depreciate by half, triggering the Mexican financial crisis, almost destroying the country and destroying the country and the results of decades of economic reforms.
After dealing with Mexico, Soros was indeed honest for several years. At this time, it happened to be a drastic change in Eastern Europe. Shortly after the collapse of the Soviet Union, he was more concerned about the development of his motherland and invested heavily in Hungary's political and economic construction. With Hungary as the center, he established a Soros fund network covering Eastern Europe, mainly investing in infrastructure construction in these countries.
It seems that Soros seems to have been satisfied with his achievements, no longer making a fortune by destroying a country's economy, but has transformed himself into a great philanthropist.
Thanks to him, until 1996, this year, the entire world economy did not have any major ups and downs, and it could basically be considered a sing and dancing to peace.
"I thought he would live his rich life somewhere, but he didn't expect that he would actually go to Thailand." Kevin said to Fan Wubing in the video.
At this time, Fan Wubing was having a talk with Kevin on his own dedicated communication network in Zhengzhou. He was the only one in the huge office, and other Zhengzhou companies were not able to participate in such conversations.
Fan Wubing said casually. "How could a hungry wolf give up the opportunity to prey? He was just waiting quietly for the opportunity to prey.
”
Judging from Soros' recent formation, Fan Wubing can be concluded that he is preparing for the attack on the Southeast Asian target at this time.
There was a period of time. Southeast Asia was once the darling of the New World.
South Korea, Taiwan, Hong Kong and Singapore were once known as the Four Little Dragons. They rose rapidly after World War II. After decades of struggle, they finally successfully joined the ranks of developed countries or developed regions.
After them, Thailand, Malaysia, the Philippines, Indonesia and other countries also imitated the successful experience of the Four Little Dragons. They took advantage of their own labor costs and vigorously developed labor-intensive processing and manufacturing industries, such as textiles, leather shoes, luggage, ordinary machinery and spare parts, etc. Exported to developed countries at very low prices. At the same time, they also attracted foreign capital to invest with various preferential conditions. They made a prosperous and became a new focus of growth that world attention. They were known as the Four Little Dragons in Asia. They were very likely to recreate the glory of the Four Little Dragons in the past.
However, compared with the era in which the Four Little Tigers and Four Little Dragons live, there have been great changes.
With the end of the Cold War and the development of information technology, the process of world economic integration has accelerated, and a global unified financial market has begun to form, and an extremely large amount of global speculative funds have been generated.
These speculative funds react extremely quickly with the help of modern information technology. Once they find any disturbances, they can flock from all corners of the world between Israel and Russia, launch a devastating blow to a country's economy, and then quickly retreat after gaining violence, leaving behind a scene of economic collapse and people's livelihood withering.
Fan Wubing told Kevin, "Compared with an old fox in the international financial industry like Soros, the leadership and business circles of Southeast Asian countries still seem very naive on financial issues."
After the end of the Cold War, democratic capitalism became the only surviving economic system, controlling everything it examined. In the competition to create wealth, it completely surpassed **. Globalization, national economy and corporate entities developed towards integration through trade and transnational investment on a global basis, becoming a new slogan.
In a world without borders, border lines marked on maps become meaningless, and the greatest function of governments is to convince people in the world who have control over the company to invest their funds into their country, and then walk away and stop intervening. Regarding the road to the future, a view has been widely formed among the authorities of the U.S. Treasury, the International Monetary Fund, the World Bank and some well-known universities, which was later called the "Washington Consensus."
After Tom Ridmann was crowned as a "golden tights", this view was widely spread. This plan requires balance of budgets, lowering the free circulation of taxes, capital, goods and services, privatization, revoking controls, and protecting property rights, especially intellectual property rights. The government should be small and the restrictions on interest rates should be relaxed. It is believed that the implementation of the above measures will bring prosperity and narrow the gap between the rich and the poor, thus bringing democratization, which will bring stability and peace. Furry
One step explains that the main way to achieve all this is to use the "body", a group of treasure patrons who never show up publicly, usually hiding in Wall Street in the United States, Japan's pocket (Stock Trading Street), London's commercial districts and other places with no one making a sound, staring at the computer screen. But with a gentle click of the mouse, they can quickly travel around the world.
In the 1990s, electronic groups discovered Southeast Asia and especially fell in love with Thailand.
What was later regarded as the largest financial bubble in history was also accumulating strength in the United States at that time. The tide of funds released by low interest rates and booming economies are looking for high profits. Investors in countries such as slow growth in Europe and Japan are also looking for more lush ranches.
Southeast Asia looks like a paradise for bankers because of its high growth rates, high interest rates and low risks that are pegged to the dollar. In the first three years, banks in Europe, Japan and the United States have loaned more than 700 billion US dollars in this region. During those years, short-term loans from foreign countries to Thailand were nearly 10% of the GDP each year.
Foreign direct investment has also poured in, with GM, Ford, Toyota and Chrysler all announced that they would build new auto manufacturing plants in Thailand.
Meanwhile, new skyscrapers cover the sky darkened.
Two years ago, leaders of Asia-Pacific countries held a meeting in Indonesia, happily accepted the theory of globalization, announced the establishment of the Asia-Pacific Economic Cooperation Forum, and announced the organization's commitment to fully realize free trade by 2c20 years. At the meetings held by global celebrities in Singapore, Davos and Washington, learned professors, cruel bankers and experienced political leaders all believed that Southeast Asia was the most dynamic part of the global economy and played a leading role in the path to an ideal society.
At the end of August this year, few people could notice the collapse of Bangkok's commercial banks. When Somba Somba Land Company defaulted on European bonds last year and sent the first signals that the real estate bubble might be about to burst, some people raised their eyebrows. Later that month, First Financial, the largest financial company in Thailand, suddenly began to seek mergers. Seeing this, the electronic group quickly began to flee from the fence.
Foreign bankers began to demand to pay off their short-term loans. Speculative investment companies estimated that the fixed exchange rate between the Thai baht and the US dollar was difficult to guarantee, and eventually they would depreciate, so they simply sold the Thai baht. Thai companies, which borrowed heavily abroad, were also afraid of this result, and began to exchange large amounts of the Thai baht for US dollars. In the process of fully supporting the exchange rate, the Thai central bank threw a total of 26 billion US dollars in a wave of crazy buying.
Imports are greater than exports, which means that there are fewer things sold and more things bought.
Since the settlement currency of international trade is US dollar, the trade deficit can only be filled with US dollar. The funds to fill this gap mainly come from two sources. The first is the US dollar reserves of the Thai central bank, and the second is foreign debt or foreign investment.
When foreign capital enters Thailand, it must first exchange the US dollar for Thai baht, which can increase the US dollar in the hands of the Thai central bank.
However, these dollars are not for free. Foreign investors hold Thai baht in their hands and can exchange them for US dollars at any time. Therefore, these dollars can be regarded as debts borrowed by the Thai central bank from foreign investors.
After all, foreign businessmen are not philanthropists or patriots. Once they feel that there is a problem with the economy in Thailand, they will retreat immediately. The Thai central bank must return the US dollar to foreign businessmen.
It was at this time that the Thai government was vigilant. In order to resolve the trade deficit, they opened the door to facilitate foreign capital to enter Thailand.
In fact, as soon as the Mexico financial crisis ended, international speculative funds represented by Soros began to enter Thailand quietly.
Their arrival is not to invest in long-term development industries, but to rush to speculate on the Thai stock market and real estate, because these things can be quickly sold, and there is no need to have a long capital turnover period like investing in manufacturing.
Under the impact of these funds, the Thai stock market and real estate prices soared, resulting in false economic prosperity, which concealed the fact that Thailand's manufacturing industry declined and its product export competitiveness declined.
In the illusion of superficial prosperity, the Thai government has not been able to timely strengthen the supervision of financial institutions and carry out necessary financial system reforms, allowing foreign speculators to use stocks and real estate that are seriously overvalued as collateral to obtain large amounts of loans from Thai financial institutions.
By June this year, the real estate bubble began to burst rapidly, causing the operating conditions of commercial banks and financial companies to deteriorate.
Now, it's time for Soros to draw his sword. If he doesn't move, he will kill with one blow. He is determined to win. It's officially Soros' favorite style.
Chapter completed!