I inherited a family fortune of 5000 years

Chapter 638
This is an ordinary Christmas, the streets are filled with a strong Christmas atmosphere, the lights are so lively,

But because of the policy of boycotting cultural imports in recent years, everyone's feelings about Christmas are actually not so strong.

In fact, everyone loves Christmas not because they like this festival, but because they like all festivals, and such a romantic festival like Christmas is naturally loved by many young couples.

"Come on, everyone one by one!" The general manager of the Huaxia Magic City Currency Exchange came in with a few staff members pushing a small cart, "One apple per person, today is Christmas, foreigners are on holiday, everyone Today's work should be relatively easy, we strive to get off work at four o'clock!"

Excitement immediately appeared on the faces of all the staff.

Although it is an organization managed by the state, it is not so easy for the high-level financial industry, not only to maintain the transaction volume, but also to maintain the balance of the currency market.

The importance of the currency market to a country is unquestionable. It determines the exchange rate between a country's currency and the currency in international circulation. If there is a huge fluctuation, it will have a great impact on a country.

For example, if the exchange rate of the Huaxia currency drops for a period of time, the direct result is the depreciation of the Huaxia currency and the increase in the cost of imports, which will lead to an increase in the overall price level and directly reduce the international purchasing power.

The next step is severe inflation. As for the consequences of inflation, people who have studied a little economics will naturally understand everything.

However, if the currency exchange rate rises, it will lead to an increase in the cost of many foreign capitals. As a result, a large number of foreign-funded enterprises will withdraw from Huaxia, which is not a good thing for Huaxia whose infrastructure is not very complete.

Therefore, in the exchange rate market, it is very important to keep the exchange rate fluctuating within a stable range. Once there is a large fluctuation, the country will inevitably need to invest a lot of money to stabilize the market fluctuation.

Back then, Zhang Mengyun's ancestors caused financial crises by attacking the currency markets of other countries.

The most iconic examples of this are Germany in 1923 and Venezuela in 2018.

At the beginning of 2018, 1 U.S. dollar was exchanged for 10.3 Venezuelan Bolivars, but 11 months later, one U.S. dollar was exchanged for 248520 Venezuelan Bolivars.

In less than a year, the currency has depreciated tens of thousands of times!
Anyone who understands this period of history knows that the instigator of this financial catastrophe is the United States.

Most of Venezuela's foreign exchange reserves are held in dollars, while their economy is based on oil, which is denominated in dollars around the world.

Because they offended Lao Mei for some reason, they directly imposed an economic blockade on them, and Venezuela is just a small country with little foreign exchange reserves, so they can only use US dollars to smash it!

As a result, Venezuela's dollar foreign exchange was quickly depleted.Domestic agriculture and industry cannot meet the needs of people's lives, and there is no import of foreign exchange.

Subsequently, in order to meet the needs of the people, Venezuela could only temporarily solve this problem by printing a large number of banknotes, but because of the huge amount of printing, it also entrusted other European countries and some underground banknote printing factories to print together.

But you must know that the market has the ability to adjust spontaneously. Printing money can save the country in a short period of time, but once the market adjustment catches up, inflation will naturally form, and prices will rise ten thousand times. No matter how much money you have, it will be useless. !
In the end, they couldn't even afford to ship the money home, the currency had lost its international credibility and became worthless, the country was flooded with dollars and euros, and the entire market and national economy had been completely controlled by foreign capital.

At that time, what gold jewelry, what antiques, what works of art, and even houses became rubbish, and a lot of money fell on the ground and no one picked it up.

At this time, the only valuable thing is food, because the currency has become garbage, and people can't afford to eat.

With these lessons learned, various countries have begun to establish special organizations to deal with this situation, and the country has also given a lot of foreign exchange support to avoid stabilizing the exchange rate market when encountering similar situations.

In the currency trading market in Shanghai, there are a large number of traders, the number of which has reached hundreds. Their task is to keep an eye on the currency market every day and respond to emergencies at any time.

So far, no matter how big the financial bomb is, these teams can control the fluctuation of the exchange rate within a very reasonable range after taking over. Over the years, the most impacted one has not fluctuated more than 1000 in a single day. point, which is 10%, and the operation in the next period of time will immediately reverse this fluctuation to the greatest extent.

The stability of the country's competition is inseparable from these elites. Of course, the income of these people is very high. Even some junior traders have an annual salary of 50 to 80. Correspondingly, the industry's The threshold is also very high.

"Okay, cheer up everyone, don't take it lightly just because today's day is special. Last Christmas, the international hot money sneaked up on us without talking about martial arts, and killed our exchange rate of 500 points. If we didn't respond in time, this Bo is really about to be robbed!"

"Hahaha, Director, you won't be able to say such words if you play two games of Glory of Kings less."

"Don't worry, we will stare while eating, nothing will go wrong!"

"Yes, the last time was eight or nine years ago. Now that our economy is so strong and our foreign exchange reserves exceed 3.2 trillion US dollars, which international hot money would dare to play with us?"

"Unless they have more than twice as much money as ours, it's impossible to shake ours."

"Hahaha, that's right! As long as they dare to come, we will pluck a bunch of wool off them!"

"I'll remind you all, don't capsize in the gutter!"

"understood!"

The traders turned on their operating systems while eating breakfast, and it was time for the market to open in 5 minutes.

"Ding dong!"

As the loud alarm clock sounded, the traders all entered the state of work, and they were completely different from the lazy and casual look just now.

At the other end of the sea, another group of people were also on full alert.

This time, they have gathered the resources of almost all financial traders in Europe and America, and a powerful team of thousands of people has been linked together through a special IP address network.

"Is everyone's funds in place?"

"Don't worry, it was ready a few days ago! We have prepared thousands of bank accounts and have enough ammunition!"

"Very good! We are fully prepared this time, and we can play with them slowly. Let's give them a greeting first, and give them a little time to react. Even if we lose, we have to convince them to lose!"

"Although Huaxia's foreign exchange reserves are 3.2 trillion yuan, this time we have prepared more than ten times their funds. We don't even need to increase leverage. Just throwing money can paralyze them!"

"Hahaha, then our European branch will come first!"

"No matter who comes, according to our agreement, all proceeds will be divided according to the contribution after the operation."

"no problem!"

The people in charge in Europe are preparing to attack!

"Give them a few large short-selling orders first, and blow their exchange rate down!!"

(End of this chapter)