As soon as the New Year's Day holiday was over, Wang Yaozu notified Guan Youbo and Huo Jianning to come to his home.
It is now 1997. 1997 is not only important to the Chinese people and the people of Hong Kong Island, but also an important time node for the entire Asia and even the entire world.
Thirty years later, people will not be able to forget the financial crisis that occurred in 1997, caused by Thailand's excessive financial policies, that spread throughout Asia and spread to Europe and the United States.
In this financial crisis, the economies of Indonesia, Thailand, Malaysia, and the Philippines, the four Asian tigers, suffered a fatal blow. The wealth gained by the rapid development of the four countries in the 1980s and 1990s was lost to international speculators backed by America and pioneered by Wall Street.
While intercepting everything, he also owed a large debt to the International Monetary Fund. It was not until ten years later that he gradually recovered, so that...
So much so that Malaysia’s per capita GDP was overtaken by mainland China 20 years later...
Well, in fact, compared with the Four Little Tigers before the economic crisis, we caught up with the Philippines and Indonesia in 2002, and Thailand in 2008.
Also greatly affected are the Four Asian Tigers, Macrocosmos, Wanwan, Hong Kong Island, and Lijiapo. If we compare them by GDP... well, I won’t compare them anymore, it’s not good for the spirit.
…
In the comfortable interior of the manor, the servants brought tea and then left.
After a brief taste of the cup, Wang Yaozu looked up at Guan Youbo and said, "I came to you today to discuss something with you."
"Brother Yao (boss), tell me." The two put down their teacups and looked at Wang Yaozu solemnly.
You know, no matter what they talked about before, Wang Yaozu had never done it so secretly and formally, which had to make the two of them worry.
"I learned about a big thing through some connections in America." Wang Yaozu looked at the two people and said in a low voice: "In the past ten years, Southeast Asia has developed extremely rapidly, so the group of financial giants led by Wall Street have focused on it.
Southeast Asia, prepare to launch a round of harvesting in Southeast Asia just like Japan was harvested."
"What!" The two people exclaimed and jumped up from the sofa, looking at Wang Yaozu in horror, "Brother Yao, are you serious?"
"How fresh, I'm kidding you!" Wang Yaozu rolled his eyes.
"How could this happen? How could this kind of news get out? It's impossible! In finance, if the news leaks out in advance, it means failure. It's easy to be ambushed and the whole army will be annihilated!" No one is engaged in financial relations.
Youbo knew this better. He held his hair with both hands and stared at Wang Yaozu. Even if it was Brother Yao who spoke, he couldn't believe it.
"Don't worry about how I got the news. All you need to know is that this is certain." Wang Yaozu couldn't explain it to him, so he could only say forcefully.
Huo Jianning was the first to calm down, frowned and looked at Wang Yaozu and asked: "Then what method is the other side going to take? Is it still forcing all countries to sign a new 'Plaza Agreement' like they did back then?"
"Of course not, this time it's a financial harvest." Wang Yaozu tapped his fingers on the table and told some information that he had recently collected. "According to the investigation I arranged for people to do, from 1984 to 1995, the U.S. dollar continued to decline against major currencies.
With the currency weakening, the Thai baht has also depreciated, which has greatly improved Thailand's competitiveness in exports. The Thai people's income has increased significantly. Attracted by stable exchange rates, high interest rates and capital account liberalization policies, foreign speculative capital, especially foreign
A large amount of short-term capital poured into Thailand, and from 1994 to 1996, a large amount of short-term capital accounted for 7%-10% of GDP that year, and concentrated in real estate and stocks."
"In order to make up for the huge current account deficit, Thailand has intervened in foreign debt, resulting in a rapid expansion of the scale of foreign debt, and a serious imbalance in the external structure. It is basically short-term foreign debt. In 1996, Thailand's foreign debt has reached 93 billion U.S. dollars, equivalent to GDP
72% of the total, of which short-term foreign debt accounts for 60%. The short-term foreign debt that needs to be repaid within one year is US$47.7 billion, while the national foreign exchange reserves during the same period were only US$37.2 billion.”
"Youbo, you are in finance, do you know what this means?"
"Hiss!!!" Guan Tomohiro gasped and turned pale. Those who are not engaged in finance may not see any big problem. It is just a debt of 10 billion US dollars. For such a large country, this is not a big deal.
?
But the fact is that this represents a huge financial loophole. As long as there are enough funds to attack the Thai baht in the foreign exchange market, once Thailand runs out of dollars, it will inevitably cause catastrophic consequences and the entire financial system will be affected.
If it collapses, it will be at the mercy of these financial giants, and the losses will be immeasurable.
"How should it be done specifically?" Although Wang Yaozu knew it, he didn't understand it, so he asked curiously.
"The simplest way is to sell the Thai baht on a large scale in the financial market. To put it bluntly, it is similar to the stock market. Selling will lead to decline and devaluation. If the Thai government does not want the Thai baht to suddenly depreciate rapidly, they can only pay for it with foreign exchange, and their
Foreign exchange reserves are obviously not enough." Guan Youbo thought for a while and expressed it in as simple a language as possible. Although it is not very accurate, it is easy for ordinary people to understand.
“The better way is to use other channels to find ways to borrow large amounts of dollars from Thailand to consume their ammunition, and then exchange them for Thai baht in the financial market. This will make their own bullets more abundant, and finally carry out crazy short selling.
"
Wang Yaozu closed his eyes and thought for a while, then opened his eyes and asked, "Can we participate?"
Guan Youbo didn't say anything, but looked at Huo Jianning, "It depends on how much funds I can mobilize."
"How to say?"
"This is no longer an ordinary financial investment. This is a financial war. A financial war launched against a country's currency will be very fierce on the battlefield. Although the harvest is huge, the amount of funds required to be invested is also extremely huge. Although the financial market can
High leverage is used, but the requirement for principal is also extremely huge. Otherwise, a small fluctuation may cause the position to be liquidated and all the money lost." Guan Tomohiro explained very carefully. He hoped that Wang Yaozu would know the risks. Really
What happens is that one second you are a billionaire, and the next second you end up queuing on the rooftop.
"How much cash can be used?" Wang Yaozu looked at Huo Jianning. He must not miss this prophetic financial harvest battle. This is the only opportunity to rapidly expand capital. After this village, there will no longer be this store.
Although this harvest has caused great harm to the countries in Southeast Asia, but... what does this have to do with Wang, he is not a bad person, but he is not in the mood to worry about the people of these countries.
"7 billion Hong Kong dollars." Huo Jianning said after thinking for a moment.
"So little?" Wang Yaozu stared at Huo Jianning in surprise, spread his hands and said, "No, after all, I am worth hundreds of billions, so what can you do with such a small amount of money for me?"
"Boss, your net worth is your net worth, and your liquid cash is your liquid cash. A large part of your net worth now is the valuation of the stock market. Unless you sell the stocks of the listed companies in your hands, you will not be able to mobilize cash at all, and selling by major shareholders will only make you lose money.
The stock price has plummeted, and in fact it is impossible to get much cash." Huo Jianning said with a face of embarrassment: "In addition, things like Hong Kong Electric, real estate in Ap Lei Chau, ports, terminals, and chemical plants are all fixed assets, although they are valuable.
But that’s not cash flow.”
"Also, no matter what, we must keep some liquidity, otherwise it will cause a complete collapse."
"Okay, okay." Wang Yaozu waved his hand and looked at Guan Youbo.
Guan Tomohiro shook his head, "Brother Yao, in the financial market, if the amount of funds is small, it can indeed leverage 100 times, but if the amount of funds like 1 billion U.S. dollars is leveraged 100 times, it will be 100 billion U.S. dollars. There is no
A broker can have this strength, so the maximum it can be is five times, and if five times five billion US dollars are thrown into the pit of this country’s currency battlefield, it really won’t make any splash.”
not good!
Too careless!
He actually let him pretend, damn it!
The corner of Wang Yaozu's mouth twitched, and he looked at Guan Youbo who was talking eloquently with a speechless expression. It turned out that these financial people were the real masters of Versailles. They were hidden so deeply. How could they not have discovered it before?
Look at what they said, '5 billion US dollars won't make any splash at all'. Making 5 billion US dollars is the same as 50 yuan. The most important thing is that you said this with a disappointed expression on your face.