Chapter seven hundred and thirty-five the storm has been blowing
Guo Yongren returned home and put this matter aside. He read newspapers every day and kept an eye on things in the United States. Now is the time when money is urgently needed. The security company needs money to expand, food for more than 10,000 people, and the sale of arms is even more important.
Money is needed. Every day is an astronomical figure.
The construction of Fucheng requires money. From the beginning, Wang Jinsheng followed Guo Yongren's ideas and planned towards an international metropolis. The roads were very wide, the garden-style layout emphasized the forest coverage, and all kinds of infrastructure must be in place. These were all
It requires huge investment.
Especially since Charles has already gone to Africa, the construction there requires even more money. A laboratory that must be sealed must be very tight, and the investment is quite huge. Various equipment, personnel, etc., all require large investments, and they are very expensive.
Hard to be effective.
The time is getting closer day by day, and every day there are calls from the United States, all reporting on the White House's movements. Guo Yongren has calmed down, not running around, and just waiting for news at home.
Time will not stop for anyone. This day has come. September 22, 1985, this day has come. All media in the United States have been notified and went to the Plaza Hotel to announce something important.
On this day, U.S. Treasury Secretary James Baker, Japanese Finance Minister Noboru Takeshita, former Federal German Finance Minister Gerhard St., French Finance Minister Pierre Beregovoy, and British Finance Minister
Nigel Lawson and other five finance ministers of developed industrial countries and the governors of five central banks held a meeting at the Plaza Hotel in New York to reach a joint intervention by the five governments in the foreign exchange market to bring order to the dollar against major currencies.
to reduce the U.S. trade deficit.
Because the agreement was signed at the Plaza Hotel, the agreement was also known as the "Plaza Agreement" (ord).
When reporters arrived today, they were all shocked by the news. Is there any mistake? A few days ago, the media was still reporting the analysis of experts. The U.S. dollar will continue to strengthen. Now, the governments of five countries are directly intervening in the foreign exchange market and devaluing the U.S. dollar. It is simply unbelievable.
This news is heavyweight. Everyone knows that after this news comes out, the US dollar will definitely depreciate. The only question is how much it will depreciate. You must know that many people are optimistic about the appreciation of the US dollar under the analysis of experts. This
There are not a few people in this category, and there are even more of them around the world. A big storm has already begun.
Not only retail investors, but also many funds are optimistic about the US dollar. Now, all of them will face losses. This is certain. What is not certain is that we don’t know how much the losses will be. You know, there was a TV broadcast today. This news
It will spread all over the world very quickly.
The Plaza Accord among the five countries was agreed upon and released in the morning. Starting from the afternoon, huge funds began to suppress the US dollar. This is the country's funds, which are very strong. The market reaction is very fast, especially in the United States.
Stock market and futures market.
The five countries thought very simply, to suppress a little bit every day and guide the market to slowly depreciate. However, they did not predict what a big pit this would be. Guo Yongren mobilized 50 billion US dollars in funds, coupled with leverage,
In this year and age, it is a very scary amount of money, and the layout has been completed. With the guidance of the five countries, Guo Yongren will make a lot of money, but the chain reaction will be even more fierce.
Everyone who sees this news has one thought in their mind: either short the U.S. dollar, or close their positions quickly and jump out of the pit. Otherwise, the pit will get deeper and deeper, making it impossible for you to get out.
The trading volume of the entire Wall Street began to show a huge and rapid increase. Efficiency was really critical at this moment. If you were slow, you would suffer huge losses and huge profits. No one dared to neglect. The entire trading hall was filled with shouts.
, either buying or selling, very crazy.
The actions of Wall Street in the United States are fast, but those in Europe are not slow either. People with good information have begun to take action. Several major economies in the world have begun to fluctuate, and huge amounts of money have begun to increase.
However, more people were unable to make it in time. Due to the time difference, many places did not open the market, and in other places it was closing time. After all, this era is not that of later generations, and the circulation of news cannot be compared with that of later generations. Many people were disappointed.
Inside the pit.
Another day passed, and the next day, the market began to react violently. The US dollar fell at the opening, and the trend became more and more severe. The governments of the five countries began to make greater efforts. The foreign exchange market did not really close the market, but based on
The time in several countries is adjusted, and people who know the industry basically understand it.
There was a burst of wailing in many places, but on the third day, the dollar's decline suddenly accelerated, so fast that you can't believe it. This effect made the governments of the five countries stunned, and they couldn't figure out the reason and how it could be like this.
fast.
However, this must be controlled, but how to control it? What we need now is to support devaluation. Therefore, the five countries are hesitant and keenly feel that something is wrong, but they cannot find it.
There are very few retail investors who can speculate in foreign exchange. They are basically institutions or funds. These institutions are backed by banks and are very powerful. They occupy the ninth level of the foreign exchange market. However, this time they have become the main targets of being deceived.
The Umbrella Investment Company was laid out under Paulson's instructions, but it tried its best to select customers with guarantees from big banks. This type of customers could not only speculate in foreign exchange, but also had a large number of positions in the stock and futures markets.
of.
Now that the U.S. dollar has fallen, it has completely trapped them. The reason why today is so abnormal is that those small institutions cannot bear it and completely collapse. However, it is okay if they collapse. They have bank guarantees and the bank will pay out the money when the time comes.
These small institutions have very heavy positions in the foreign exchange market, so they are the first to be unable to withstand the situation. When the foreign exchange market dies, the stocks and futures they hold also die out, which causes a chain reaction.
Dominos are falling one after another. None of the five countries responded today. The best opportunity has been missed. The chain reaction is accelerating. In just one night, the decline of the US dollar has begun to accelerate again, and the stock market and futures market have also followed suit.
There is a reaction, although it is not very obvious, but the reaction is gathering.
A small fund institution has at least four or five stocks or one or two futures. This is not just one place. There are so many such institutions in so many countries around the world. It’s scary to think about it. The energy of the storm is increasing.
.
The U.S. government is happy that their goal has been achieved, and they have not noticed the hidden crisis at all. Although they are happy now, the future events will definitely make them peel off their skin, and the chain reaction will not distinguish between ourselves and the enemy.
After a few days, large institutions could no longer bear it and began to go bankrupt. Large-scale chain reactions began to occur in the stock market and futures market. The whole world was wailing. The stock market was falling, futures were falling, and the foreign exchange market was falling. This kind of horror is common to everyone.
Unexpected.
Reagan saw that the situation was very good and wanted to take a vacation to relax. However, he was given an emergency appointment by Treasury Secretary Baker. Reagan was very relaxed and had no idea what the current situation was. Besides, his small fund was going crazy.
Making money.
"President, we must stop the dollar from falling, otherwise, a global stock market crash will be inevitable." Baker's hair was a little messy and his eyes were a little red, which showed that Baker was under a lot of pressure.
"What, are you awake? What the hell are you doing? Our goal is to make the dollar fall. Now that we have achieved our goal, please stop." Reagan looked at Baker with extremely strange eyes. Are you dizzy? This is Reagan.
’s voice.
Baker couldn't care about anything else at this moment. He took out a lot of documents from his briefcase and put them directly on Reagan's desk. He began to explain to Reagan what a chain reaction was and what the current situation of the stock market and futures market was.
As Baker explained, the expression on Reagan's face changed and became serious. Was there any mistake? How could this happen? How could the stock market and futures be like this? Such consequences are not what the United States or Reagan wanted.
Completely deviating from the original intention.
Just when Reagan and Baker were discussing this issue in the White House, the world's largest trend of jumping off buildings began. All high-rise buildings on Wall Street were under martial law. But it was useless. These people were from large institutions and had certain privileges.
They always make it to the top.
The United States, Japan, the United Kingdom, France, Germany, those economically developed countries are full of people jumping off buildings, and Hong Kong is no exception. People jumping off buildings are also starting to appear. The whole world is going to be in chaos, and major global economies are going to have problems.
The five countries were all confused. How could this happen? They started looking for reasons and immediately stopped suppressing the US dollar. However, it was too late. The US dollar had already shrunk by 40%. Everyone was shocked when they saw this data.
, how is it possible, how could it fall so fast.
The Japanese yen has skyrocketed. No one expected the increase. Even Guo Yongren miscalculated. He did not expect that the Japanese yen would be so fierce. Before the Plaza Accord, one US dollar was exchanged for 370 yen. Now, one US dollar is exchanged for 80 yen.
Seven yen, an unprecedented ratio.
After pressing the button on the table, the White House butler came over. "Notify all media immediately that I want to issue an emergency declaration," Reagan said seriously. The butler nodded and went out to make arrangements.
Reagan was not an idiot. On the contrary, he was very shrewd. He had already seen that he must intervene in the decline of the US dollar and not let it get worse. Otherwise, the situation would become even worse. At this time, he must issue a statement and the statements of others.
None of it worked, and Reagan knew that.
After asking Baker to take a rest, Reagan started making phone calls, informing his people and the big guys to close their positions immediately, and that he was about to issue a statement. By the way, he explained the reasons, and many people began to take action.