Chapter 116: Over 100 million profit
The financial crisis has swept Southeast Asian countries, and the currencies of various countries or regions have depreciated.
For a time, the entire financial market was shocked!
Many companies and banks are facing the risk of bankruptcy and bankruptcy.
However, the spokespersons of Southeast Asian countries and regions said that they were not panicked. People are required to believe that the government will be able to restore the situation. He even issued a post stating that many international speculators must regret the impact on the currencies of their countries and regions!
July 20th.
On this day, the head of Malaysia’s financial control department attended the ASEAN emergency summit and delivered a speech at the meeting.
"You guys, we can't wait and see any longer, we must act, otherwise everything will be too late! Even, in a critical situation, we can apply for assistance from the International Monetary Fund."
However...
The heads of state all sneered at the speech of the representative of Malaysia.
Although they know that the financial crisis that is sweeping Southeast Asia is serious, they don't think their country can survive the difficulties.
The representative of Singapore said: "Our Singapore dollar is strong, and the turmoil in the foreign exchange market is temporary. I think we have the ability to survive this crisis. Therefore, we do not need the participation of the International Monetary Fund!"
Representative of the Philippines: "We are also opposed to applying for assistance from the International Monetary Fund. We are a big country, not the stupid Thai authorities."
Indonesia representative: "Yes, don't forget the Asian miracle we have achieved in the past few decades!"
The confident and arrogant words of the representatives of various countries really made the representatives of Thailand angry!
Too **** bullying!
There is wood there!
Co-authoring is my family's worst luck now, isn't it?
That’s right, the representatives of various countries and regions have a mindset of watching the excitement.
As for you said their own country’s currency has depreciated?
Ha ha, little question. This is nothing more than a regular market turmoil.
Well, many of them think so!
...
at the same time.
Zhu Ke, who was watching the news of the ASEAN meeting in Los Angeles, shook his head disdainfully.
"The Asian miracle? It's just a prosperous illusion driven by some policies. You actually take it seriously?!"
The so-called Asian miracle refers to the rapid growth of GDP and the acceleration of government taxation in Southeast Asian countries and regions in the past ten years, which has promoted the rapid economic growth of their own countries and regions.
In fact, the foreign exchange policies of some Asian countries and regions have been extremely improper in the past ten years.
In order to attract foreign investment, they have maintained a fixed exchange rate on the one hand and expanded financial liberalization on the other. For example, Thailand abolished the control of the capital market in 1992 before the domestic financial system was straightened out, so that the flow of short-term funds was unimpeded, and the financial capital market was prosperous.
And this precisely provides the conditions for foreign speculators to speculate on the Thai baht.
At the same time, Asian countries and regions, in order to maintain a fixed exchange rate system, these countries and regions have used foreign exchange reserves for a long time to make up for their deficits, leading to an increase in foreign debt.
"As we all know, in the case of large medium-term and short-term debts, once foreign capital outflows exceed foreign capital inflows, and the country's foreign exchange reserves are not enough to make up for its shortfalls, the currency depreciation of this country and region is inevitable. "
Zhuke shook his head.
"You are really confident, but I believe it won't be long before your intestines will be regretful."
...
The facts are exactly as Zhu Ke expected.
A few days have passed.
The currencies of various countries in Southeast Asia continue to depreciate crazily, frightening the governments and regional authorities that have always been proud!
International speculators have used their huge capital to accumulate more than 7 trillion US dollars of wealth to continuously impact the foreign exchange markets of Southeast Asian countries.
They looted the wealth of countries and regions frantically!
In less than a week, countries and regions lost huge wealth. The few areas have billions of dollars, and the more can even lose tens of billions of dollars!
"How can it be?"
"Oh my God! These wealthy wolves are too ruthless!"
"The situation is completely out of control!"
"The foreign exchange reserves of our countries and regions are completely unable to cope with these wolves and tigers!"
"It's over!"
"Our foreign exchange market is over!"
...
The authorities of Southeast Asian countries and regions are all dumbfounded. The situation was out of control and caught them off guard.
July 31.
On this day, the Malaysian government took the lead in giving a speech!
"Due to our country’s insufficient foreign exchange reserves, we decided to abandon our efforts to defend the ringgit (Malaysian currency)."
That's right, the Malaysian government was persuaded by the surging international speculators.
Give up protecting the ringgit, which means they have completely surrendered!
On this day, the ratio of ringgit (Malaysian ringgit) to the U.S. dollar fell by 7.8%. A group of international speculators, headed by the five largest investment banks on Wall Street and Quantum Fund, are completely making money today.
"Boss, we made a lot of money!"
Henry Ugenberger, President of Gale Capital, said excitedly to Zucker: "One day! In just one day, we made 30 million US dollars in the Malaysian foreign exchange market!"
Henry has reason to be excited!
A profit of 30 million U.S. dollars a day, although this figure cannot be compared with the five major investment banks on Wall Street, today's profit is also the highest single-day profit of Dafeng Capital since the beginning of July.
"Hmm!" Zhuke nodded.
Excited Zhuke couldn't help but wave his fist fiercely.
Zhu Ke is also proud of himself. Although he is a traverser and knows some of the financial crisis, he does not know much. After all, he did not work in the financial industry in his previous life, and the system also pretended to be very thorough, and he was able to make current profits. How can we not feel proud and proud?
The financial and foreign exchange market is changing rapidly. A fluctuation of one or two percentage points can ruin many people's fortunes. What's more, today's ringgit has fallen by 7.8%.
200 times leverage!
This is also the first time that Zhu Ke used such a huge lever to manipulate it during the Asian financial crisis.
It turns out that Zhuke was right!
A single day profit of 30 million US dollars, once the incident is reported, it is enough to make Zhuke famous.
"Although it turns out that I won, but the risk is too great, and it makes the heart unbearable. The next step is to fight steadily and steadily."
Zhuke whispered.
The time has entered August. In the next ten days, a group of international speculators madly overwhelmed the foreign exchange markets of Southeast Asian countries.
After the fall of the foreign exchange market in Malaysia, the foreign exchange markets of the Philippines, Indonesia, Singapore and other countries that mainly "replace the export-oriented economy" have fallen one after another.
Crazy currency devaluation!
The heads of Southeast Asian countries and regions said: "The general situation is over, the situation is completely out of control!"
It wasn't until the International Monetary Fund and the five permanent nations of the United Nations that they participated urgently, that the out-of-control Southeast Asian economic situation was eased.
But everything is too late!
All countries and regions can only be a mess and a chicken feather!
45 days after the Asian financial crisis broke out, financial institutions led by Soros Quantum Fund had made more than 2 billion U.S. dollars in profits;
The profits of a group of capital investment banks and international speculators on Wall Street are also very impressive, ranging from hundreds to tens of millions of dollars to more than one billion dollars; of course, the five major investment banks on Wall Street, which make a fortune behind the Quantum Fund, That makes more profits, each of which is more than the income of the Quantum Fund.
Zhuke’s Gale Capital, among the international speculators, can be regarded as a small shrimp.
But, who made Zhuke a traverser? !
Relying on the advantages of foresight, Zhuke used large amounts of leverage on several key points and made huge profits in one fell swoop.
In 45 days, Dafeng Capital settled a profit, totaling 260 million U.S. dollars!
Looking at the financial report in his hand, Zhu Ke raised his mouth slightly: "This is just the first wave of the Asian financial crisis."
"You must know that in the original time and space history, this financial crisis lasted for more than a year. Xiangjiang and Wanwan markets, with a red heart, I will not participate. However, the operation of the yen and the won does not matter. Need to get involved."
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