giants of the era

Chapter 399 The Asian Financial Crisis Is Coming!

After the return of Hong Kong, the people of the country were full of joy.

The next day, on July 7, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system!
Good guy, this gave Li Zetian and Soros an excellent opportunity to attack!

On that day, Quantum Fund and Li Zetian's secret preparations began to act, and a financial storm throughout Southeast Asia was coming! ! !
boom! ! !
The exchange rate of the Thai baht against the US dollar fell sharply by 17%, and the foreign exchange and other financial markets were in chaos.

Everyone in Thailand was shocked and panicked!
"My God, what happened to the foreign exchange market, the Thai baht has depreciated so much all of a sudden!"

The depreciation of the currency has greatly reduced the property of the Thai people, and everyone is naturally terrified.

"Damn the floating exchange rate system! The government just announced today that it will abandon the fixed exchange rate system, and the Thai baht plummeted. What kind of fucking policy is this?!"

Countless Thai people are complaining... But the Thai government has nothing to do. The Thai economy has problems. The government has no foreign exchange reserves and cannot adjust the exchange rate of its own currency, so it has to implement a floating exchange rate system.

It is a pity that Thailand is only a small country with a weak economy and its own currency is not an international currency. Therefore, it is easy to suffer a great economic impact after implementing a floating exchange rate system, especially the impact of international hot money.Of course, even without Li Zetian's action, only relying on Soros' Quantum Fund can bring Thailand down!What's more, this time it was Soros and Li Zetian who joined forces.

Soros was also surprised, thinking, just as soon as the Quantum Fund started, the international hot money caught up, so fast? !
International hot money, also known as international hot money, is floating funds that are flooding the world and have no specific purpose. According to the current estimate of the International Monetary Fund, such funds active in the global financial market are more than 7 trillion U.S. dollars.

The activities of international hot money are raging. When Soros planned the financial crisis in Southeast Asia, he naturally took international hot money into consideration, and used its power to help him conquer the city!

Li Zetian secretly prepared 1 trillion US dollars, which was naturally considered by Soros as international hot money.

Under the attack of such a huge amount of funds, Thailand is simply vulnerable!
Not long after, under the influence of fluctuations in the Thai baht, the Philippine peso, Indonesian rupiah, and Malaysian ringgit became targets of international hot money one after another!
At this time, the whole world was shocked!

"Oh, God, the currency exchange rates of so many countries in Southeast Asia have plummeted. Could it be that the financial crisis is coming?"

Thailand, the Philippines, Malaysia, and other countries have tried their best to resist and maintain the stability of their own currencies.

However, they soon retreated.

In August, Malaysia gave up its efforts to defend the ringgit, and even the strong Singapore dollar was hit hard!

Southeast Asian countries panic.

As time passed, the financial crisis in Southeast Asia became more and more serious.

News media all over the world are reporting on the financial crisis in Southeast Asia.

Li Zetian sat firmly on the Diaoyutai at home and received the latest economic reports from Southeast Asian countries every day.

In late October 1997, Soros wanted to attack Hong Kong and pointed his finger at Hong Kong's linked exchange rate system.Before it started, Hong Kong's Hang Seng Index fell 10 points, and then fell below the 1211.47-point mark.

"Mr. Li, do you want to tell Soros not to attack Hong Kong?" Dongfang Yuqin frowned.

Soros is the leader of the financial crisis in Southeast Asia, and many other international speculators have followed him to make a fortune. This "team" should not be underestimated, and its power is very powerful.

Li Zetian waved his hand and said with a confident smile: "No need! Soros can deal with other countries just fine, but with Hong Kong, that's the iron plate!! Hong Kong has returned to China, and the mainland will not sit idly by, they We will definitely join forces with the Hong Kong government and the business community to fight against Soros! We will cooperate!"

Dongfang Yuqin felt that Li Zetian's analysis made sense, so she nodded and said, "Yes."

……

"It's over, Soros has attacked Hong Kong, the Hang Seng Index has fallen into a dog, my money!!"

"Sell the stocks quickly, or you will lose even more!"

"..."

At this moment, countless stockholders are crying, and Hong Kong is in panic.

Mainland China has decided to do its best to help Hong Kong fight against Soros.The Hong Kong Special Administrative Region Government quickly held a press conference and solemnly reiterated many times that it would not change the current exchange rate system!
At the press conference, dozens of well-known entrepreneurs in Hong Kong attended together, expressing that they would join hands with the Hong Kong government to help everyone fight against Soros.

"Don't worry, everyone. Hundreds of the largest companies in Hong Kong, such as Henderson Land, Sun Hung Kai Properties, and Cheung Kong, will jointly invest in fighting against Soros. Please have full confidence in Hong Kong, and let us join hands to drive away Soros! Brothers united , Its profit breaks gold!!!”

The joint appeal of the Hong Kong government and Hong Kong giant businessmen greatly boosted the confidence of the Hong Kong people.

Soros quickly felt that something was wrong. The resistance in Hong Kong was too strong. It didn't take long for the Hang Seng Index to rise, reaching the [-] mark!
"Uh... the attack on Hong Kong failed?" Soros looked very surprised. Thailand, Malaysia, the Philippines and other countries were all captured by him, but he failed in a mere Hong Kong.

"I don't believe it! I'm Soros of the Quantum Fund, how can Hong Kong stop me!!!" Soros felt frustrated and annoyed, ready to step up his attack again.While giving the order to attack, he was interviewed by reporters and slandered Hong Kong, so that Hong Kong's morale would plummet and it would lose its resistance.

However, Soros still encountered Waterloo in Hong Kong.

After a few weeks of hard work, there was no result at all, but I lost some money.

Li Zetian can't sit back and watch Soros continue like this. Li Zetian still needs him to continue to be a striker to attack Japan, South Korea, Indonesia and other countries.

"Yuqin, call Soros and tell him that the Chinese mainland and Hong Kong governments and businessmen have joined forces, and it is not easy to deal with. Now we should attack other countries and continue to expand the results of the war, and we must not let them have a chance to ease!" Li Zetian frowned slightly , said in a deep voice.

"Yes!" Dongfang Yuqin replied, and immediately called Soros.

When Soros heard that mainland China was secretly helping Hong Kong, he suddenly realized.

Although China's economy is not as strong as that of European and American countries, China has a large population, large GDP, and large foreign exchange reserves, which are enough to support Hong Kong in a tough battle.

"Mr. Li is right, I should not continue to entangle with Hong Kong, but should immediately attack other countries to expand the results!" Soros said after a long silence.

Dongfang Yuqin nodded and hung up the phone.

Li Zetian took a sip from his coffee cup and said, "The financial crisis in Southeast Asia has just begun. This time, Japan, South Korea...well, and Indonesia will be crippled!!!"

"Indonesia?" Dongfang Yuqin asked suspiciously, "Mr. Li, do you have a bad impression of Indonesia?"

"Of course I will take this opportunity to teach it a good lesson!" Li Zetian said in a cold tone.

When Dongfang Yuqin heard the words, she also felt that what Li Zetian said was right. She is also a Chinese, so she has a duty to do so!
……

In mid-November, financial turmoil also broke out in South Korea in East Asia. On the 11th, the exchange rate of the South Korean won to the US dollar fell to a record 17:1008. On the 1st, the South Korean government had to seek help from the International Monetary Fund, temporarily controlling the crisis.But on December 21, the exchange rate of the Korean won to the US dollar fell to 12:13.The Korean won crisis has also hit Japan's financial sector, which has large investments in South Korea.

In the second half of 1997, a series of banks and securities companies in Japan went bankrupt one after another.The financial turmoil in Southeast Asia evolved into the Asian financial crisis.

When the financial crisis broke out in Asia, the time passed without realizing it. It really felt so fast.

On January 1998, 1, Dongfang Yuqin collected a piece of information and handed it to Li Zetian.

"In the second half of last year, we focused on 'taking care' of Japan and South Korea, which caused the Japanese and South Korean economies to decline," Dongfang Yuqin said with a smile. "Almost all the top ten companies in South Korea are on the verge of bankruptcy, such as Samsung, LG, SK, Hyundai, Lotte Group, Posco, etc., but these companies are very important to South Korea, once they go bankrupt, countless people will lose their jobs, and the South Korean government has to pay to keep them!"

"Continue! I want to force all the top ten companies in South Korea to go bankrupt, but I want to see how much money the South Korean government can spend!!!" Li Zetian's eyes flashed, and he said in a deep voice.

"Yes!"

Dongfang Yuqin said, "Japan is more serious this time, and the number of bankrupt companies is difficult to count! In 1990, Japan had already suffered from a financial crisis, and now it is experiencing another one. This is a very heavy blow to Japan!"

"It deserves it!" Li Zetian sneered, he didn't have a good look at Japan.Li Zetian is very angry, otherwise he would not have asked people to film "Nanjing Massacre", which is aimed at Japan!

"I reckon that after the Asian financial crisis, the Japanese economy will be in a recession! We will take this opportunity to buy their companies or technologies. Anyway, Japanese talents are still very good. Let them work for me and work for me. !"

"Hehe, don't worry, I've already made arrangements!" Dongfang Yuqin smiled and nodded.

Li Zetian smiled with satisfaction, and then looked through the information to check the specific economic data of various Asian countries during this period.

……

At the beginning of 1998, Li Zetian turned his back on his carbine and once again turned his finger on Indonesia.The Indonesian economy was already very serious. At the end of 1997, because Li Zetian focused his attacks on Japan and South Korea, Indonesia had a chance to take a break.

However, Li Zetian did not intend to let it go.

Attacking Indonesia again this time will lead to a renewed financial turmoil in Indonesia!
The Indonesian government was powerless. On February 1998, 2, Indonesia announced that it would implement a pegged exchange rate system in which the Indonesian rupiah and the U.S. dollar would maintain a fixed exchange rate to stabilize the Indonesian rupiah.

As soon as this move came out, it was immediately opposed by the International Monetary Fund, the United States, and Western Europe.The International Monetary Fund has threatened to withdraw aid to Indonesia.Indonesia is in a political and economic crisis.

When Li Zetian saw the news, he couldn't help but smiled, and said sarcastically: "Haha, there really isn't a good person, and the International Monetary Fund and Monetary Fund are all the same! Indonesia announced the implementation of the pegged exchange rate system between the Indonesian rupiah and the US dollar to maintain a fixed exchange rate, which naturally damaged the The interests of European and American countries. If there is no interest, what kind of aid is there!"

Within a few days, the exchange rate between the Indonesian rupiah and the US dollar fell below 10:000.Affected by it, the foreign exchange market in Southeast Asia was in turmoil again, and the Singapore dollar, Malaysian ringgit, Thai baht, and Philippine peso all fell one after another.

Indonesia is crying and screaming, mourning everywhere, and even various crimes are happening on the streets every day, just like hell on earth.

At this moment, Indonesia's economic situation is so bad that it is almost hopeless, but the Indonesian government has no money.In desperation, they had to contact the International Monetary Fund and signed a new economic reform plan with it to reach an agreement.The content of the agreement can be imagined with one's toes, and it must be beneficial to European and American countries.

With the support of the International Monetary Fund, coupled with the fact that Southeast Asian countries have been squeezed miserably, if the squeeze continues, there will not be much profit to be made.

Soros began to target other countries, such as Russia.As for Hong Kong, Soros has suffered a loss once and dare not go again.

Dongfang Yuqin came to Li Zetian and asked, "Shall we attack Russia with Soros?"

Li Zetian pondered for a while, Soros attacked Russia in his previous life, and ended up in a disastrous defeat, greatly hurting his vitality!

"No need, Russia is not easy to deal with!" Li Zetian said, "Right now, the Asian financial crisis is coming to an end. We need to sort out our achievements in time and clean up the mess, such as acquiring companies that are on the verge of bankruptcy!"

Speaking of this, his tone couldn't help but become cold.

Japan's giant companies rarely go bankrupt. Sony, for example, has huge capital reserves, and with the help of the Japanese government, it survived in the end.Korean companies are different from Japanese companies. Those big companies in Korea have a very high debt ratio. When the financial crisis came, seven of the top ten companies were bankrupted by Li Zetian. After more than a month, they were going to be auctioned, including Samsung. company.

The current Samsung company is not as powerful as in the previous life, but Li Zetian did not dare to underestimate it. Taking advantage of the Asian financial crisis, Samsung became Li Zetian's key attack target. Therefore, Samsung was hit very hard and went bankrupt as a result.

The Samsung company in the previous life was lucky not to go bankrupt, and even rose strongly after the financial crisis.

But this life is not so lucky... Although the South Korean government is a firefighter and rescues companies everywhere, but there are so many companies in South Korea that need to be rescued, and Samsung is the key target of Li Zetian's attack, the South Korean government can only abandon Samsung in the end.

Dongfang Yuqin nodded: "Well, that's good too, so that other companies don't want to rob us!"

"Among Korean companies, Samsung must be taken down by me!!!" After Li Zetian finished speaking, an inexplicable smile appeared on the corner of his mouth.

"By the way, there is also the Lotte Group! Earn money from the Koreans, and I will use it to make weapons!"

(End of this chapter)