To this group of capitalists, money is the most important thing, and what does the life and death of a country matter? In the process of the United States becoming the largest economy in the world, countless countries have been exploited and have nothing.
Of course, Liu Lang targeted this small country not just for money, but to avenge the Chinese compatriots and make these idiots pay the price for their stupidity and barbarism.
In the blink of an eye, it was May of nine years, and in February of this year, Solons Quantum Fund finally extended its claws to Thailand.
He first borrowed a large amount of Thai baht from Thailand, and then sold a large amount of it batch by batch, while continuing to borrow and sell repeatedly.
Panic spread in the market and the herd effect emerged. Individuals and institutions holding Thai baht sold the baht frantically, and the market exchange rate of the baht continued to fall.
By mid-February, the market exchange rate of the Thai baht fell to the lowest level of 1:26 in ten years. Because Thailand implemented a fixed exchange rate system pegged to the U.S. dollar at that time, the Bank of Thailand wanted to maintain the exchange rate of 1:25 and spent 5 billion
The US dollar foreign exchange reserves purchased a large amount of Thai baht, and at the same time, the borrowing interest rate was significantly raised, and the Thai baht exchange rate was barely maintained.
However, the market has experienced violent fluctuations, and many foreign funds have become cautious. This is actually a test by Sorens, and he has already laid the groundwork to short-sell the Thai baht in futures. Next, he will start a general attack.
But the Thai government was still kept in the dark, thinking it was just an accident. They didn't know that their country had been targeted by a crocodile.
Liu Lang flew to Hong Kong Island. As soon as he got off the plane, he was surrounded by a group of people and got into a luxury van, and then left the airport escorted by four jeeps.
"Thomas, how's everything going?"
In the car, Liu Lang asked a white man next to him.
"Boss, all the funds and people have been in place. We are just waiting for your order to take action!"
"Don't worry, we have a saying in China that a gentleman should take advantage of his strength. We should not stand out. You must closely monitor Thailand's foreign exchange market. If you find a large-scale exchange phenomenon, tell me immediately. By the way, you should
In the past two days, as long as it happens, it is our time to act!"
"Okay boss!"
Thomas is a very famous Wall Street trader who has participated in many international foreign exchange trades. This time he led a team of fifteen people to operate a billion-dollar foreign exchange raid. Such a large amount of funds has never been encountered in his life.
, once successful, huge rewards will be obtained, and the general manager Thomas and his team will also receive a reward of 30 million US dollars.
Liu Lang is waiting for Sorens. If nothing happens, he will start the second round of actions in the next two days. This will also become the trigger of the Asian financial crisis. Countries in Southeast Asia will fall one after another like dominoes.
There should be two days left before Sauron's general attack on Si, so Liu Lang took advantage of the two days of quiet time to gather with friends from Hong Kong Island.
Two days later, the situation in Thailand's foreign exchange market suddenly changed. In the spot foreign exchange market, international speculators sold the Thai baht sharply, and the market exchange rate of the Thai baht began to fall sharply again.
At the same time, in the stock market, Quantum Fund sold many of the blue-chip stocks it had bought at low prices. The stock market had fallen in a panic because the Thai government had significantly increased borrowing rates.
With the currency market and stock market double-killing, Thailand's property market was unsustainable and was on the verge of collapse in just ten days.
Panic in the capital market continued to spread, and soon spread to neighboring countries.
At the end of May, following Liu Lang's order, one billion U.S. dollars that had been prepared poured into the Indonesian foreign exchange market. This billion U.S. dollars did not enter in the form of cash, but through various options, index valuations, U.S. Treasury debt loans, etc.
The purpose is to confuse the other party. At the same time, U.S. Treasury bonds are internationally inviolable debt. If they cannot be exchanged for U.S. dollars when they expire, the country's credit rating will drop significantly, causing more serious consequences.
Indonesia is the largest economy in Southeast Asia and is even stronger than Thailand. However, the economy has declined in recent years. The main reason is that the Indonesian government has implemented an anti-Chinese policy. The Chinese in Indonesia have a large amount of wealth, accounting for 3% of the total.
The population accounts for 20% of the country's wealth, so the local Chinese have created value through hard work and are a wealthy class. This has aroused the hostility of the indigenous people. They are not very intelligent and very stupid, and they are barbaric in every aspect.
Human characteristics, the Chinese are now in a weak position, and the country’s economy is not as good as before.
The already turbulent Indonesian foreign exchange and stock markets collapsed without much resistance, and a large amount of hot money that had just left Thailand also poured into Indonesia, making the country's already collapsing economy even worse.
One billion U.S. dollars entered the Indonesian capital market at the end of May and withdrew after the war ended in mid-June. In just half a month, the Indonesian foreign exchange market plummeted by 70%. Liu Lang earned 500 million U.S. dollars in the foreign exchange market alone, but the bulk was still in the futures market.
As for the stock index, this part even made a profit of 1.5 billion U.S. dollars. The final result was a net profit of 2 billion U.S. dollars, a great victory.
The country of Indonesia lost more than two billion US dollars. The entire country's stock market and real estate market shrank, with direct losses of nearly 100 billion US dollars, more than 20% of the gross national income. As for the subsequent indirect losses, it is incalculable. The national economy
It just fell into ruin.
Three billion U.S. dollars were transferred to Hong Kong Island in a short period of time, and the spoils were immediately "divided on the spot." Liu Lang's personal net profit was 400 million U.S. dollars, plus the money he had previously transferred from the NASDAQ market in the United States. At this time, he was in
Hong Kong Island has "hoarded" US$7 billion.
Liu Lang didn't use the money because he was about to face a bigger challenge, from a group of international speculators such as Sorens.
The key to Sorens' great success in Thailand was to force the Thai baht to change from a fixed exchange rate to a free floating exchange rate against the US dollar. The free floating exchange rate brought about a substantial depreciation of the Thai baht. Sorens traded on the large difference in the exchange rate.
The Thai baht then gained a large amount of US dollars?
In fact, the fundamental reason is that there are a lot of bubbles in the Thai economy, and its currency value is far lower than the reflected value. The same is true for Indonesia. If the economies of these countries have no bubbles, or there are very few bubbles, then there will be no economic crisis.
.
But the exchange rate in Hong Kong Island is very strange. It adopts the linked exchange rate. So what is the linked exchange rate?
It is different from the fixed exchange rate. That is, the three note-issuing banks on Hong Kong Island, including HSBC, Standard Chartered Bank, and Bank of China, as long as they want to issue Hong Kong dollars, they must first deposit US dollars to the Hong Kong Island Monetary Authority. That is to say
I must deposit US$100 to the Monetary Authority so that the bank can issue the corresponding Hong Kong dollars. If I don't deposit US dollars, I cannot issue Hong Kong dollars. This is the linked exchange rate.
This is almost the only way in the world where Hong Kong dollars are equivalent to US dollars.
Since the Hong Kong dollar is a U.S. dollar currency, how could Sorens go short-selling? How could he fight against the U.S. dollar? How can one use the U.S. dollar to attack the U.S. dollar?
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