Chapter 1624: Hunting action-the leeks are ripe

Let us use Dai, a typical Southeast Asian country, to illustrate this process in detail.
Since 1991, under the guidance and advocacy of Western "economic experts", Dai has opened up the free exchange of currencies under the current account, and then successively opened a number of capital accounts, including:
1. Opening up and expanding offshore financial services, allowing 15 major domestic banks and 35 foreign banks to directly absorb deposits and loans from abroad, and free use of these foreign exchanges at home and abroad;
2. Foreigners are allowed to open Thai baht accounts in the territory of Dai, freely borrowing, lending and currency exchange;
3. Open the domestic securities market to foreign investors without any restrictions on foreign investment;
4. No restrictions on the scale of external debts will be imposed on financial institutions, and supervision will be relaxed, and enterprises can freely borrow from abroad;
5. Liberalize foreign exchange trading controls on the Dai market.
This is the current situation in the Dai country, and other Southeast Asian countries, such as Indonesia and Malaysia, have achieved this step earlier than the Dai country.
And we know that since 1995, a large amount of foreign exchange from the Japanese country has continuously poured into Southeast Asian countries. The main purpose of this money is to eat the interest rate difference. The path to enter the Dai country is mostly through short-term borrowing. Take Dai as an example. In 1996, the country’s short-term foreign debt that needed to be repaid within one year reached 47.7 billion U.S. dollars!
At this time, how much foreign exchange reserves does the country have?
Only 37.2 billion US dollars.
The leeks are ripe.
On June 27, 1997, when the eyes of the whole world were still on the matter of the official handover of Hong Kong sovereignty with China Britain on July 1, George Soros launched his long-planned hunt. Kill action.
Almost at the same time, a large number of Thai baht selling orders flooded into the currency exchange market, demanding to be exchanged into U.S. dollars. Moreover, after the exchange was completed, the money immediately left the market and withdrew from the financial sector of the Dai country!
In just three days, Dai's foreign exchange reserves only left a pitiful 2.8 billion US dollars!
At 0:00 on July 1st, the British flag was lowered in the Xiangjiang River, and the Chinese flag was raised. This represents the homeland where every child and daughter of China can dream and finally returned to the embrace of the motherland. Shao Yifu and other old people who were invited to watch the ceremony saw it. Looking at the red flag fluttering in the night breeze, they couldn't help crying bitterly.
At this moment, their hearts are full of excitement of the wandering home.
At the same time, the Dai country fell into chaos.
The massive loss of US dollars has plunged Dai's national foreign exchange payment capacity into an unprecedented crisis!
The next day, the Dai government was forced to announce that it would abandon the currency exchange rate pegged to the U.S. dollar that it had always adhered to, and announced that the Thai baht and the U.S. dollar would have a free floating exchange rate. The market followed suit. On that day, the Thai baht fell by 17% against the U.S. dollar!
The first domino card has fallen, and the overall collapse of the Southeast Asian financial market is inevitable.
After successfully attacking the Thai baht, George Soros led the Wall Street Corps and immediately launched a full-scale offensive. The Philippine peso, Indonesian rupiah, and Malay ringgit became his targets one after another, and even the star family with more healthy economic development. Poe was not spared. By August, the war had spread throughout Southeast Asia. The local currencies of various countries had depreciated drastically. Countless banks and financial institutions were trapped in the quagmire of debts. The economic order of the entire region was affected by this. The round of storms ruthlessly destroyed, a sorrow was everywhere.
By this time, George Soros had already made at least more than tens of billions of dollars in profit, and his eyes were set on his next goal-Xiangjiang.
At this time, Xiangjiang is also like another time and space. Due to the clear ownership and the expectation of returning to the motherland, the economy is in a prosperous state. The real estate market is at a high level over the years. The Hang Seng Index also reached on August 7. An unprecedented record high of 16673 points.
Of course, in Soros' view, countless bubbles must have accumulated, which is a good opportunity to attack!
Do you want to attack?
In another time and space, Soros did not hesitate to launch an action, and in the subsequent financial war, he broke through the defense line of the Xiangjiang government many times. The Xiangjiang government finally got the support of China's national strength before reluctantly. After winning the war and winning a tragic victory, Soros also withdrew from this battlefield after making billions of profits-but in this time and space, he rarely hesitated before attacking.
Because he knew that there was a man who was in Xiangjiang at the moment.
This is his home court, where he started, and also his root.
What's more frightening is that this person has a financial and industrial empire with huge assets that are so dazzling.
Will he sit back and watch his unscrupulous plunder of Xiangjiang's wealth?
And one more thing.
When Soros's "Quantum Fund" carried out large-scale plundering of Southeast Asian countries, he was keenly aware that it was mixed in the mountains and seas of Wall Street capital, and jointly harvested the wealth accumulated by those countries for decades. In the black hands, there is a hedge fund called "Blackstone" whose operating methods are full of familiar flavors. Although this hedge fund is registered in the Virgin Islands, he has not found this fund and "Red Flag Capital" from public information. Any related information, but he is almost certain that it belongs to Eric Tan!
What does this show?
Explain that his every move was already in Eric Tan's expectation. He made careful preparations for this, and took advantage of the opportunity to worry about the overall situation and did not have time to look at it, fish in troubled waters, and reaped a lot of profits!
So, will he not be prepared to attack his lair?
With Soros’s understanding of Eric Tan, it’s almost impossible. Although Eric Tan is young, in his memory, this man’s behavior has always been very old and hot. It’s hard to imagine that he would commit such a crime. Big mistake.
But there is another possibility.
Soros remembered that the first pot of gold that Eric Tan made in the financial industry was that he succeeded in shorting the pound in Hong Kong during the "Falconian War" in 1982, and that time, he was mercilessly Cut all the leeks in Xiangjiang!
And if the intelligence is correct, then, when he joined forces with the Rothschild family in London to attack the pound again, he did not forget to free up his hands and looted Xiangjiang again, and he was fierce in the crash of the Xiangjiang stock market and property market. Made a fortune!
These cases show that Eric Tan and his main collaborator Guo Zhaode in the financial field are probably in the same category as himself. When facing opportunities in the financial market, they will not consider the moral factors at all. It will only act according to the instinct of capital to pursue maximum benefits.
And if this is possible, then the attack on the Hong Kong financial market will not only be prevented by Eric, but may get his secret cooperation!
In that way, the success of this operation is almost guaranteed!
So, should you attack?