I inherited a family fortune of 5000 years

Chapter 640 Don't scare them
When the $5000 billion short-selling order came down, the exchange rate dropped by nearly 1000 basis points in an instant, and the exchange rate fell by 16% in one day. This is simply a fatal blow!

"What's going on? What's going on here, and who did it?"

"It depreciated by 16% in just half an hour? How do the people in your exchange do things?"

"I'll give you half an hour to stabilize the exchange rate immediately!"

The news spread quickly. Such a thing is definitely not a trivial matter, and it immediately attracted a lot of attention.

"This is absolutely impossible to be an ordinary organization or international hot money. This is an organized action with a purpose!" The relevant department immediately made a qualitative decision on this matter.

"No matter who it is, the currency must not continue to depreciate. Our economic construction is so huge that even a 1% change will have a big impact. If it suddenly depreciates by 16%, banks will not be able to lend money! "

"Call all the banks immediately and hold an emergency meeting immediately!"

The incident happened suddenly, and it must not be delayed for a long time. The exchange rate has been falling, and it is only a report time. The exchange rate has depreciated by nearly 20%. Such a thing is enough to be on the hot search!
Not only people in the financial circle, but even ordinary people know about this.

How bad is the exchange rate depreciation?Anyone who has studied economics knows that inflation is the most direct problem of exchange rate depreciation, and the ensuing rise in prices, adjustment of bank interest rates, etc., will directly affect the economy of a country or region.

Since last year, the interest rate on mortgages has risen by more than 1%, which has made many young people who just need a house feel desperate.

Once inflation occurs, the situation may become even more severe.

Isn't the current culture of lying flat caused by not being able to afford a house?

I can’t afford it anyway, so why should I work hard and just earn a living!

Then the next step is that the output value will decline, and the economic development will stagnate.

All things happen for a reason!The country must not allow this to happen!

"The bank has opened up all of its foreign exchange reserves to us to fight against this attack. You must solve the suppression!" The person in charge of the exchange immediately issued a death order. He has already issued a military order. If you do If not, he doesn't have to continue working.

"Team Leader Wang, I have given you the command of all traders, and now I will give you the greatest authority. Can you do it?"

"As long as there is enough money, there will be no problem!" Wang Chendong directly took over this arduous task. With a foreign exchange reserve of 3.2 trillion US dollars, no matter how strong the organization is, it is absolutely impossible to defeat them!
"Everyone listen to my command and suspend all other businesses today. The other party came prepared this time. I estimate their funds are between one trillion and two trillion U.S. dollars. This battle is over, everyone We can all eat meat, if we can't get it, we all submit our resignations!"

According to their salary structure, a large part of their salary comes from business commissions.

This time, the other side dropped 5000 billion U.S. dollars, plus the 2400 billion just now. If they operate properly and let all their short selling orders be locked up, then they can take a bite out of it.

It can range from tens of billions of dollars to hundreds of billions of dollars!
The money is nothing but wool plucked from sheep!Except for most of them to be given to banks, after all they provide so much foreign exchange in US dollars, they also bear a lot of risk, and some of them have to stay in the exchange.

But as the charge of this battle, the superior just made a promise to give them a 1% commission for the entire team!
Although this 1% is not very eye-catching, as long as they can bite down 7400% of the 10 billion, it will be 740 billion, and their team can get 7 million US dollars!
There are more than 200 people in the team, and the average income per person is 350 million, which is still US dollars. Even after paying taxes, it is probably higher than the income of many people who have worked for several years.

Hearing the news, the whole team almost screamed.

Backed by 3.2 trillion U.S. dollars, they never thought they would lose!In this battlefield, apart from operations, financial resources will actually have a greater impact. They don't think that their operations will lose, so in their eyes, the money is just like giving away for nothing!
The team began to do a lot of long, and 3000 billion US dollars was directly poured into the exchange rate market, because this is their main battlefield, so their control will be more active, almost with a halo of double leverage, so as long as the other party's funds are in their When it is less than twice, they almost have absolute confidence!
With 3000 billion US dollars of funds thrown down, the exchange rate has risen by 1200 points in an instant. Those small institutions also know that such a large amount of funds must be the intervention of the state!
As long as there is the power of the country, the economy will never collapse. If you want to make money, you must follow the policy and follow the country!
Those scattered funds also started to go long. Although they were inconspicuous one by one, they added up to a scale of tens of billions to hundreds of billions of dollars!
"Pull it back!" Wang Chendong had a confident expression on his face, "Since you are here, I will not be polite!"

"Continue to go long, pull the exchange rate online by 500 points, and eat their 5% first to calm down!"

"okay!"

"As long as you can't pay enough margin, I can even let you liquidate your positions, 7500 billion US dollars, and our bonus can be multiplied tenfold!" Wang Chendong looked like he was giving advice.

"Team leader, they continue to raise their bets again!"

"Fuck, how do they still have so much money? Another 5000 billion US dollars, which is already more than 1 trillion US dollars. There are not many countries in the world with reserves of more than one trillion US dollars!"

"This is not idle money!"

"No, this is at least a joint action of several large currency organizations or institutions. It is absolutely impossible for a single organization to have such a huge financial resources."

"But are they all crazy? Don't they know the importance of our economy in the world now? Once our economy collapses, it will collapse with the economies of several countries, and even affect the whole world. Can they afford the consequences?"

"Unless they have other purposes!"

"This is not something we have to worry about. What we have to worry about now is how to stabilize the decline in the exchange rate." Wang Chendong glanced at the exchange rate that had started to plummet again. Although the previous operations gave retail investors great confidence, the exchange rate remained the same. 10% lower than before the opening bell.

"At this point, we can only fight," Wang Chendong knew that he had no choice now, "Even if we lose all our foreign exchange, we must fight them to the end and continue to be long!"

The currency market is undergoing an extremely fierce fight, but Zhang Mengyu, the source of everything, is very calm.

"Mr. Zhang, they have prepared 50 trillion U.S. dollars in funds. Our foreign exchange reserves are absolutely irresistible. They are holding a playful mentality. If they get serious, they will not be able to resist for half an hour. We need Do you want to make a move?"

"Don't worry!" Zhang Mengyu looked like he was watching a show, "They have been suppressed for so long, and it's time for them to release it a little bit. If I make a move now, won't I have to frighten them? When the time comes, they will bring The money just slipped away, so what do we do?"

"Now our Huaxia exchange rate market has been harvested by them close to 1000 billion US dollars!"

"It's okay," Zhang Mengyu was still calm, "They harvested it now, and I will ask them to spit it out a hundred times!"

(End of this chapter)