Yu Li's childhood sweetheart and I in the courtyard

Chapter 344

After returning to Xiangjiang, Yu Wei came to the office the next day and called Yuan Tianfan, Yu Ren, Yingla, and Yu Jue over.

"Tianfan, how is the situation in Thailand now?" Yu Wei asked Yuan Tianfan, who was sitting opposite him, after the four of them arrived.

Yuan Tianfan looked at the notepad in his hand, then raised his head and said to Wei: "It's not good. The Thai baht is now depreciating very much. The other party is shorting the Thai baht by constantly borrowing the Thai baht and then selling it on a large scale."

Yu Wei immediately recalled:
On July 1997, 7, Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, triggering a financial turmoil throughout Southeast Asia.On that day, the exchange rate of the Thai baht against the US dollar fell by 2%, and the foreign exchange and other financial markets were in chaos.

Affected by the fluctuation of the Thai baht, the Philippine peso, Indonesian rupiah, and Malaysian ringgit have become the targets of international speculators. In August 1997, Malaysia gave up its efforts to defend the ringgit.The Singapore dollar, which has always been strong, also took a hit.Although Indonesia was the last country to be affected, it was the hardest hit.

In late October 1997, international speculators led by Soros's Quantum Fund moved to Hong Kong, the international financial center, and targeted the Hong Kong linked exchange rate system.

Wanwan suddenly abandoned its exchange rate and devalued by 3.46% in one day, increasing the pressure on the Hong Kong dollar and the Hong Kong stock market. On October 1997, 10, the Hong Kong Hang Seng Index fell sharply by 23 points; on the 1211.47th, it fell by 28 points, falling below the 1621.80-point mark.Faced with the fierce attack by international financial speculators, the Hong Kong Special Administrative Region government reiterated that it would not change the current exchange rate system, and the Hang Seng Index rose to reach the 9000-point mark again.

In mid-November 1997, a financial crisis also broke out in South Korea in East Asia. On the 11th, the exchange rate of the Korean won against the US dollar fell to a record high of 17:1008. On the 1st, South Korea had to seek help from the International Monetary Fund and temporarily controlled the crisis.But on December 21, the exchange rate of South Korean won against the US dollar dropped to 12:13.

The won crisis has also hit the financial industry, which has large investments in South Korea. In the second half of 1997, a series of banks and securities companies went bankrupt.The Southeast Asian financial turmoil evolved into the Asian financial crisis.

Thinking of this, Yu Wei asked Yuan Tianfan: "Are our funds ready?"

"Ready! A total of 5000 trillion US dollars in cash has been prepared. In addition, there are about [-] tons of gold in the vault of Hang Seng Bank. We can use it if necessary." Yuan Tianfan replied.

"Enough. These international speculators have a lot of funds this time, estimated to be more than 1 trillion US dollars. We have to cut a big chunk of their fat out. In the early stage, if the other party wants to lend Hong Kong dollars, Hang Seng Bank and Standard Chartered Bank Lend them to him and let them sink deeper. Just like fishing, take your time and don't scare them away all at once." Yu Wei said with a smile.

After a pause, he continued: "When they start selling a large amount of stocks and shorting the Hang Seng Index, it is time for us to start a counterattack. You guys should keep an eye on it and remember to tell me when the Hang Seng Index drops to 7000 points. This time the other party will cut Operation Leek and the decisive battle on the Xiangjiang side are not expected to take place until the first half of next year."

The subsequent development of the situation was similar to that in the previous life. However, I don’t know if it was because of Yu Wei that European and American capital, led by Soros’s Quantum Fund, directly bypassed Xiangjiang and never took action against Xiangjiang.

The opponent first made a big harvest in Southeast Asia, and then moved to South Korea and the Foot Basin.It was not until the Spring Festival of 1998 that the government started to attack Xiangjiang.

However, these European and American capitals had already suffered heavy losses in Goose Country before taking action on Xiangjiang, and kept about half of the profits harvested in Asia this time in Goose Country.When European and American capital invested a large amount of money in Goose Country, someone from Goose Country was already prepared. He issued several administrative orders in succession, which caught European and American capital off guard. After the protests were fruitless, they had no choice but to cut off their tails to survive, resulting in heavy losses.

Later, European and American capital once again ignited the war in Southeast Asian countries, harvested a wave of leeks, made up for some losses, and then all gathered in Xiangjiang.

On January [-], [-], European and American capital began to take action, targeting Hong Kong's linked exchange rate system.The SAR government, which was well prepared, immediately doubled the overnight lending rate of Hong Kong dollars.

While Yingluck Shinawatra, Yuan Tianfan, Yu Jue and others allowed European and American capital to borrow Hong Kong dollars, they also bought up the Hong Kong dollars sold by European and American capital.The two sides were in a stalemate, selling one after another. It was not until after the Spring Festival that European and American capital lost patience and began to sell stocks while shorting the Hang Seng Index.

In the previous life, the Hang Seng Index of the Hong Kong stock market was once suppressed to 300 points.At this time and space, Yu Wei had been watching. When the Hang Seng Index was suppressed to [-] points by the other party, he gave an order. Yingluck and Yuan Tianfan began to mobilize funds to enter the market, and operated in reverse with European and American capital, taking over all the short positions of the other party. In just one week, the Hang Seng Index was more than [-] points higher than before the Asian financial crisis.Subsequently, no matter how much money the other party invested, how many short orders were sold, how many stocks were sold, they all fell into the sea without any response, and were all taken over by Yuan Tianfan and others.

Seeing that the outcome was decided, Yu Wei thought for a while, why not add fuel to the fire to the opponent, remove the support of European and American capital, and directly drain the fuel from the cauldron to make the opponent collapse faster. This would have a negative impact on the economies of Hong Kong, the Mainland and Asia. Recovery is also faster.

So, starting from South Korea, he visited Southeast Asian countries such as Guam, Guam, and the Philippines. All the equipment and materials stationed by the United States in these places were put into Yu Wei's storage space.Only some "fire sticks" and "peanuts" were left.

The news that all American equipment and supplies in various ports and stations in Asia were missing was soon revealed, and it immediately caused a global sensation.There is a lot of equipment and supplies, accounting for about one-third of the current total equipment in the United States.Especially the ships, large and small, and the equipment on them.

As soon as this strange incident happened, European and American capital panicked. Something big happened to the big backer behind them. They immediately thought of cutting off their tails to survive.But since Yu Wei had plans to pull the trigger, he naturally also made arrangements for a financial counterattack.

Before European and American capital began to cut its tail to survive, Yuan Tianfan and others raised the Hang Seng Index by more than 5000 points in just a few days, directly destroying all European and American capital positions.

After this battle, European and American capital lost all its capital. After harvesting so much in other Asian countries and regions, in the end, all capital and profits were left in Hong Kong.

Yu Wei didn't pay much attention to the life and death of these European and American capitals. After thinking about it, he simply stopped doing it and went to Pearl Harbor and the United States through space that night. All the equipment outside of it has been put into the storage space.

Then several companies such as American Thor were raided, and several major shipyards were also visited. All large and small ships and blueprints were swept away, directly leaving the other party with no ability to sail long distances.Of course, Yu Wei spared ordinary cargo ships, oil tankers, yachts, fishing boats, etc.The most important thing is that all the deterrent equipment and raw materials have been put into the storage space.

Ignoring the reaction in the United States, he immediately returned to Asia and visited various locations in the United States such as the Middle East, Europe, Africa, and Australia, but he also cleared them all.

Within two days, all the important equipment of the United States at home and around the world disappeared. The tragic situation that Britain had encountered before reappeared. This time it was the turn of the United States.

This time it was of great importance. Yu Wei did not send all the equipment from the United States that had been collected into the storage space to somewhere in the northwest. He planned to keep it in the storage space like this.

The next day, he thought about it and decided that since he had taken action, he should not let the other party have a chance to stand up.So I went to the United States again and put all the heavy industrial equipment in the United States into the storage space.

Since then, Yu Wei has traveled to the United States through space every now and then to collect some good things and sweep up various industrial equipment in the United States.Then place these industrial equipment somewhere in the Great Northwest.

As Yu Wei Mimi gave more and more various industrial equipment, old acquaintances and others initially distributed these various industrial equipment that Yu Wei had removed the American logo from.Later, we simply took this opportunity and combined with the development of the western region, decided to digest it locally.As a result, many very large industrial parks were planned and constructed in the west.

On the Xiangjiang side, after European and American capital lost all their money and fled in panic, Yingluck Shinawatra and others quickly arranged a large number of manpower to buy gold with US dollars around the world, as well as purchase various properties and land and raw materials needed for various industrial productions. wait.Try to spend the dollars you have as quickly as possible.

Yu Wei ignored all this. After lending another US$1000 billion to Goose Country and asking Hang Seng Bank to sign a US$[-] trillion loan agreement with people arranged by old acquaintances, he took twelve ladies on a train. A large yacht that had just been specially customized went out to sea to travel around the world.

(End of this chapter)