z
I don't like this guy, but being able to watch him rushing to the front desk to see me is also a good choice. z" Fan Wubing said to Kevin.
The guy he mentioned naturally refers to Soros. Although this guy is called a financial tycoon, his assets are nothing compared with Fan Wubing.
In recent years, Fan Wubing has been closely following the activities of Soros' quantum fund. This time, Soros appeared in Thailand, and he quickly got specific news through Kevin. Coupled with his previous enlightenment, he realized that Soros had begun to deploy in the Southeast Asian market, and Thailand was the first important link he wanted to test the waters.
Although Soros can directly control the funds, this guy has a reputation and has a lot of hot money to follow the trend. There are also some real financial tycoons hiding behind him and waiting to ride on the ride, just like people like Fan Wubing.
In sharp contrast to the undercurrent of Southeast Asia, the domestic economy of the United States is improving.
Especially in the past two years, the Internet has been expanding frantically to inflate the already vibrant American economy, almost reaching a level of about to break. On average, every five days, a Silicon Valley company is listed, adding 60 millionaires every 24 hours, creating more than 50,000 jobs.
In four years, venture capital invested about $5.5 billion in technology development in Silicon Valley, and hundreds of other supporting roles were also attracted to make a living by the technology food chain. Especially Microsoft, founded in 1975, has entered the top 500 in the world and has become the developer of the computer industry standards.
As autumn is approaching, Soros led international hot money to launch the first wave of attacks on the Thai baht. His method is still the same as when he sniped the pound. He first borrowed a large amount of Thai baht and exchanged it into the foreign exchange market for US dollars. However, the Thai government's reaction was also timely. The Central Bank of Thailand used 2 billion US dollars of foreign exchange reserves to interfere with the foreign exchange market, and finally calmed the storm. Soros had to return empty-handed.
However, obviously he was not willing to fail. Soros exaggerated the depreciation of the Thai baht in the media. With the prestige established by British sniper wars and the Mexican financial crisis, Soros's words were golden rules for speculators around the world.
As a result, there was another rumor in the international financial market that the Thai baht was about to depreciate, and speculative funds around the world were mobilized, causing a sharp fluctuation in the exchange rate of the Thai baht.
This time, the Thai government was a little overwhelmed. However, the Central Bank of Thailand used the meeting of the East Asian Central Bank presidents to jointly interfere in the foreign exchange market. It paid tens of billions of dollars in land and finally maintained the exchange rate at the 25 baht to one dollar.
Although Soros did not achieve his goal, Fan Wubing, a hitchhiking site, made a lot of money in this operation. A large part of the losses in the Thai government flowed into his pockets.
Therefore, Fan Wubing once said to his subordinates. "I found that I am a little evil now. I seem to like financial crisis very much. This is a great time to make money!"
In fact, it is not only Fan Wubing who likes to fish in troubled waters. During this period of tracking, Fan Wubing also found the shadow of imf.
Although he thought that there should be some earth capital hidden behind Soros, the participation and fueling of the IMF made Fan Wubing a little surprised. He did not go to the International Monetary Fund and would join this kind of activity.
f is the International Monetary Fund. It was established in 1945. It is one of the two largest financial institutions in the world. Its responsibilities are to monitor currency exchange rates and trade conditions in various countries, provide technical and financial assistance, and ensure the normal operation of the global financial system. Its headquarters is located in Washington.
The main function of f is to formulate exchange rate policies and current account payments and currency conversion rules among member states, and to supervise them. Member states with difficulties in international balance of payments provide emergency financial access when necessary to avoid other countries being affected by them. Promote the pace of international economic integration, maintain the international exchange rate order, and assist member states in establishing a recurring multilateral payment system.
When f was established, World War II had just ended. The previous tragic plunder of bare swords, guns, shells and plunders would inevitably come out of the stage of history. However, the new plundering method would be carried out in a more civilized way. World War II brought endless grief to the people of the world. Both the participating countries and non-summoned countries suffered heavy losses. Fascism plundered a large amount of gold and silver from the invaded countries.
With the end of World War II, this barbaric plundering method will be completely opposed and eliminated by people, but imperialism will not disappear, nor will it stop plundering. When the barbaric attack of swords, guns, shells and shells is not allowed, a new weapon will also emerge.
In Europe and the United States, the Ministry of Finance has no cash, and its monetary power is in the hands of central banks and commercial banks. The central banks in Europe and the United States are the real masters of the country, whether it is the army during World War II.
The provision or the ownership of the plunders is provided by these central banks and possessed the owners, not the state but the capitalists. Both Hitler and Mussolini were funded by these capitalists. World War II was more like a dispute over power than a plunder of wealth. The initiator of World War II was the capital tycoons.
The main purpose of f was to facilitate these capitalists to use financial games openly and neatly to plunder wealth from all over the world.
One of its ways of plundering is to first establish a universal international currency mainly based on the US dollar, implement a gold standard, formulate exchange rates for various countries to the US dollar, and then repeatedly short the US dollar or raise the US dollar so that gold can flow continuously to the pockets of European and American capitalists.
Although these operations were finally discovered and criticized by all sides of the world, a new method was born from the application of oil currency. IF's international oil prices can only be calculated in US dollars, making oil after losing gold operations a new tool for plundering.
The operation method is the same. When the US dollar loses its credit, speculators raise oil prices, causing countries to increase demand for the US dollar to increase, so that the US dollar will appreciate, and then short the oil price at highs and repeatedly arbitrage, which is to make a big profit in oil futures or make a severity in exchange rates.
Regarding this issue, the most typical example is two oil wars. At that time, the US economy was in a downturn and the dollar was weak. Western countries provoked conflicts between OECC and Israel, resulting in two Middle East wars and soaring international oil prices.
The daily oil production can far meet international use, but the fluctuations in oil prices are not determined by market demand.
The second way of plundering is to force a country's currency to appreciate and lead to a country's economic recession.
Japan is a clear example. When the Japanese economy became the third largest in the world, Western countries could no longer sit still, forcing the yen to appreciate, causing the export costs of Japanese companies to rise and exports to decline. The Japanese economy has been sluggish for nearly twenty years.
It can be imagined that when China's economy develops, IF will also promote the appreciation of the RMB. Europe and the United States have just begun to make the currency strategy for China. The rapid advancement of foreign banks will cause a large amount of Chinese wealth to begin to flow into other people's pockets.
The third method of plunder is that international speculators use international hot money to deal with a country's exchange rate, paralyzing the economy of the victim country, and then providing assistance to the victim country.
f~There are only two conditions for aid. One is high interest, and the other is to let the victimized state use national resources as collateral, such as oil, minerals, electricity, water conservancy and other monopoly industries. Some even want to let the victimized states be collateral. Argentina in the 1970s and the upcoming Asian financial crisis are examples. Thailand and South Korea have received assistance, and the conditions are to open the banking industry, pay high interest, and mortgage certain industries, etc.
If Thailand and South Korea had not seen through the scam in time and paid off the loans early, the central banks of both countries were at risk of being controlled by IMF.
These capital tycoons have given up their gold strategy, and the oil strategy is almost over. However, the war has not yet ended, and the plunder is still continuing. New weapons have appeared now, namely financial derivatives. Only Imf knows how to play with this kind of financial tool that can eat people without spitting out bones.
Although Fan Wubing has seen the negative effects of imf in the upcoming Southeast Asian financial crisis, it is not easy for him to speak out because he is also taking advantage of the situation. When he exposing others at this time, he actually exposed himself and it is not worth it. After all, he has been following Soros and others for several years. Now is the harvest season, and there is no need to affect the overall situation because of excessive sympathy.
Both Soros' attacks have ended in failure, but they have effectively reduced the US dollar reserves of the central bank of Thailand, weakened the opponent's resistance, and caused panic in the minds of investors. Short-term fund cards that have previously entered the Thai stock market and real estate market are crazy retreating.
The pressure on the depreciation of the Thai baht has further intensified, and there have been continuous panic selling in the foreign exchange market, which directly led to a drop in Thailand's foreign exchange reserves of about 15 billion US dollars.
Under such circumstances, the depreciation of the Thai baht is a natural thing. What we lack now is just a lasting shot. Now we have to see who is willing to risk being hostile to the Thai government to act as this crucial main attacker.
Playing this role is both tempting and stressful.
Fan Wubing weighed the pros and cons and felt that it was a bit bad for him to openly jump out. It was better to wait for Soros to be the target himself. I remember that after the financial crisis, he almost became a rat crossing the street and everyone shouted and beat him.
Chapter completed!