My 1982

Time is like a shuttle, and it is coming to June.

In these few months, Li Zhongxin has been spending his last student time over the school.

But! Li Zhongxin is not a nerd who does not hear the windows. In this time, he will also care about the national events and care about the various developments in several countries in Asia.

Every three days, Li Zhongxin will conduct a dynamic discussion of the fact that the village Huixiang is in the future, and how to operate such a thing in the future.

Communications Sanjing Bank is a number of super large banks in Asia. Although the money flowing into Asia from the loyalty Sanjing bank, there is not a lot of money in Asia, but the small village is confirmed by other channels, which has a lot of European and America said by Li Zhongxin. The funds begin to continue to flow to the Asian area.

Li Zhongxin, this time, I thought, after Hong Kong returned, he began to formally manipulate this matter, and we must do this Asian financial crisis. This time, it is even said that Li Zhongxin lasts such a wire rope, Because Li Zhongxin is very clear, such a thing, in the future, even he wants to do it, it can't do it.

For loyalty companies, it is an increase in assets. For China, it will make China's economy will have a long-term development space, but for other countries, Li Zhongxin is a devil who eats people do not spit bones.

We all know that all the wealth is the same as the blood of countless people.

Wealth is white, in fact, it is the accumulation of money, will wealth and gold planks, the product of the highly developed era, in the early days of human civilization, the most important form of wealth or physical.

With the growing productivity, the complexity of social production, the currency relationship has become an important social relationship, the currency accumulation of wealth began to be popular. Following, the accumulation of wealth has brought capital expansion and directly promoted the transformation of the entire society.

However, if you accumulate wealth, if you just accumulate money, it just accumulates a bunch of numbers. Entering the modern industrial society, our understanding of wealth has also deepened and complicated, people no longer hold a bunch of numbers, and inflation This monster will swallow your wealth at any time.

Therefore, Li Zhongxin has considered a lot of things before the Asian financial crisis.

According to the information collected by Li Zhongxin, Li Zhongxin can see that when the real estate prices in Thailand in mid-January 1995 began to fall to Thai baht - in the immediate foreign exchange market A large amount of selling baht.

Since the Thai central bank entered the market intervention, the offense did not produce a crisis. At that time, the Mexican crisis has just happened, including the World Bank and the International Monetary Fund (IF), all of which are confident in Thailand, thinking in addition to trade deficit Outside the big, Thai economy is much more healthy than Mexico, and does not have the conditions of the currency crisis.

Although the first battle is frustrated, the speculative capital has not given up, and the quantum fund's intelligence department has been collecting intelligence through various channels, and analyzes Thai economic finance.

Soros himself is sitting behind, while actively depositing the margin, hoarding the currency, and has a large number of speculative capital, which is a lot of speculative capital. With the economic downturn of Thailand, asset price foam rupture, financial sector problems, international speculative capital began to launch large-scale attacks.

In February 1997, the international speculative capital represented by the quantum fund was largely empty, borrowed into Baht (including Bangkok International Bank convenience [BIBF] borrowing Thai baht) and sold.

On February 14, the Thai baht exchange rate fell to a minimum of $ 1,2618 to 2618 baht in 10 years. The Thailand's central bank has been resolutely counterattack, and the Thai baht is purchased in the foreign exchange market, while improving the short-term interest rate, making the funding cost of speculative capital greatly increase.

Under these two measures, the Thai Baht mighty exchange rate is so stable, and the central bank of the Thailand temporarily retreats the attack of international speculative capital. However, Thailand also pays a price: on the one hand, foreign exchange reserves are consumed; on the other hand, high interest rates have gradually appeared in the negative impact of domestic economy, and banks and enterprises have begun to expose.

Although the international speculatory family is frustrated, they have been concluded that the Thai government will pay the fixed exchange rate but so strongly, so that the attack is determined.

Regarding the issue of death-keeping fixed exchange rates that have been widely sick, in fact, in April 1996, the central bank of the Thailand began to consider giving up the fixed exchange rate, but not implemented.

At this time, then give up the fixed exchange rate seems too late: due to high external debt, if the baht depreciates, it will inevitably appreciate the company's liabilities, and many enterprises will become competencious, and therefore lead to bank bad debts and even triggered. The macroeconomic consequence of the bank crisis, the macroeconomic consequences of the Thai baht is difficult to expect.

Based on the above factors, the responsible person of the Government of China is turbulent, the central bank and the Ministry of Finance is afraid of responsibility, causing the issue of Thailand to give up the fixed exchange rate.

The international speculators further approached and extend the battlefield to the long-term market. As early as early 1997, the international speculators began a long-term foreign exchange transaction of the large-scale buying dollar to sell Thai baht. Thailand is completely unknown to this, still providing a large number of long-term contracts.

In the same year, the demand in the inter-bank market in the bank market has increased, up to 15 billion US dollars. This raise investors have followed, and the Zhongxin Sanjing Bank also participates in it and has further enlarged funds.

In May, the international speculators started a lot of baht on the spot market, until the end of May, the Thai baht has fallen to a low point of $ 266.

At this point, the central bank of the Thailand began to counterattack: one is to intervene the long-term market, selling a long-term dollar, buying Baht; second is the intervention of Singapore, Hong Kong and the Malaysian currency authorities, consumption of 10 billion US dollars to purchase Thai baht; The third is strictly forbidden to disassemble the domestic speculation to the international speculation; fourth is greatly improved overnight.

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In addition, the Thai government has also taken many very means, including customers who have been allowed to provide long-term foreign exchange contracts; those who are unfavorable news should be hit by people who publish unfavorable messages and dispatched police to follow people who issued negative news. But all this is too late, the Thai baht has fallen into a small set of fire.

The international speculation is relative. In June, the US Treasury bonds will continue to sell the Thai baht, while spreading Thai news.

Some foreign banks have begun to publish advertisements on the newspaper, indicating that they can help investors turn out Thailand; Thailand's domestic traders have begun to make arrangements, speeding up Thai baht into dollars, accelerating the consumption of Thailand foreign exchange reserves.

8. :8

My 1982