After the handover of Hong Kong, the Chinese people were jubilant.
The next day, on July 2, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system!
Good guy, this gives Li Zetian and Soros an excellent opportunity to attack!
On the same day, the forces secretly prepared by Quantum Fund and Li Zetian began to work, and a financial turmoil throughout Southeast Asia was coming! ! !
boom! ! !
The baht plummeted 17 percent against the dollar, sending foreign exchange and other financial markets into disarray.
Thailand is full of shock and panic!
"Oh my God, what's wrong with the foreign exchange market, the Thai baht has depreciated so much at once!"
The devaluation of the currency has greatly reduced the property of 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 has plummeted. What the hell is this policy?!!"
Countless Thai people are complaining... But there is nothing that Thailand can do. There is a problem with the Thai economy. 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.
It is a pity that Thailand is only an effect, the economy is not strong enough, and its own currency is not an international currency, so it is easy to suffer a great economic impact after the implementation of a floating exchange rate, especially by hot money. Even without Li Zetian's shot, only Soros' quantum fund can bring down Thailand! What's more, this time, it was Soros and Li Zetian teaming up.
Soros was also surprised, thinking to himself, as soon as the Quantum Fund started, the international hot money kept up, how fast? !
International hot money, also known as international hot money, is the liquidity that is flooded in the world with 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 US dollars.
The activities of international hot money are rampant. When Soros planned the financial crisis in Southeast Asia, he naturally also took the international hot money into consideration, and used its power to help himself conquer the city!
Li Zetian secretly prepared 1 trillion US dollars, which was naturally considered by Soros as international hot money.
Under such a huge financial attack, Thailand is simply vulnerable!
Not long after, under the influence of the fluctuation of the Thai baht, the Philippine peso, the Indonesian rupiah, and the Malaysian ringgit have successively become the targets of international hot money!
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 a financial crisis?"
Thailand, the Philippines, Malaysia, and other countries have tried their best to resist and maintain the stability of their currencies.
However, they were soon defeated.
In August, Malaysia gave up its efforts to defend the ringgit, and even the always strong Singapore dollar was hit hard!
Southeast Asian countries are terrified.
After Thailand, Malaysia is also desperate and gave up resistance. Which country should it be next
With the passage of time, the financial crisis in Southeast Asia has become more and more serious.
Li Zetian sits firmly at Diaoyutai at home and receives the latest economic reports from Southeast Asian countries every day.
In late October 1997, Soros wanted to attack Hong Kong, targeting Hong Kong's linked exchange rate system. Before it started, Hong Kong's Hang Seng Index plunged 1,211.47 points, and then fell below the 9,000-point mark.
"mr·li, do you want to tell Soros not to attack Hong Kong?" Dongfang Yuqin frowned.
Soros is the big brother who led the financial crisis in Southeast Asia. There are many other international speculators who followed him to make a fortune. This "team" should not be underestimated, and its power is very strong.
Li Zetian waved his hand and smiled confidently: "No need! Soros can deal with other countries, but when dealing with Hong Kong, that is to kick the iron plate!! Hong Kong has only returned to China, and the mainland will not sit idly by, they We will definitely unite the strength of the Hong Kong government and the business community to fight against Soros! We will cooperate!"
Dongfang Yuqin felt that Li Zetian's analysis was very reasonable, so she couldn't help but nodded and said, "Yes."
At this moment, mainland China has decided to go all out to help Hong Kong fight Soros.
"It's over, Soros has attacked Hong Kong, the Hang Seng Index has fallen into a dog, my money!!" Countless investors cried, and Hong Kong was in panic.
At this moment, the Hong Kong SAR government held a press conference and solemnly reiterated many times that the current exchange rate system will not be changed!
At the press conference, dozens of well-known entrepreneurs from Hong Kong attended the event and expressed their willingness to join hands with the Hong Kong government to help everyone fight Soros.
"Don't worry, everyone, Henderson Land, Sun Hung Kai Properties, Cheung Kong Holdings and other hundreds of Hong Kong's largest companies will jointly contribute to fight against Soros. Please be sure to have confidence in Hong Kong, let us all join hands to drive out Soros! Brothers unite , its profit breaks gold!!!"
The joint appeal of the Hong Kong government and Hong Kong giants has greatly increased the confidence of the Hong Kong people.
Soros soon felt that something was wrong. Hong Kong's resistance was too strong. It didn't take long for the Hang Seng Index to rise, reaching the tens of thousands of points!
"Uh... the attack on Hong Kong actually failed?" Soros's expression was very stunned. Thailand, Malaysia, the Philippines and other countries were all captured by himself, 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 very frustrated and annoyed, and was ready to step up his attack again. While giving orders to attack, he was interviewed by reporters and ranted about Hong Kong, so that Hong Kong's morale plummeted and its resistance was lost.
However, Soros still encountered Waterloo in Hong Kong.
Weeks of hard work, with no results at all, cost me some money instead.
Li Zetian can't sit back and watch Soros continue like this. Li Zetian also needs him to continue to be the forward to attack Japan, South Korea, Indonesia and other countries.
"Yuqin, call Soros and tell him that mainland China, the Hong Kong government 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 give them a chance to ease!" Li Zetian frowned slightly. , said solemnly.
"Yes!" Dongfang Yuqin responded and called Soros immediately.
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's large population, large gdp, and large foreign exchange reserves 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 and expand the results!" Soros said after a long silence.
Dongfang Yuqin nodded and hung up the phone.
Li Zetian took a sip from the coffee cup and said, "The financial crisis in Southeast Asia has just begun. This time, Japan, South Korea... um, and Indonesia will be crippled!!!"
"Indonesia?" Dongfang Yuqin wondered, "mr·li, do you have a bad impression of Indonesia?"
"Indonesia slaughtered our Chinese many times, I naturally want to take this opportunity to teach it a good lesson!" Li Zetian said coldly. As long as they are Chinese, they are compatriots. Indonesia's atrocities are unbearable and angry.
When Dongfang Yuqin heard the words, she also thought that Li Zetian was right. She herself is also a Chinese, and it is her duty to avenge the Chinese!
…
In mid-November, a financial turmoil also broke out in South Korea in East Asia. On the 17th, the exchange rate of the Korean won against the US dollar fell to a record 1008:1. On the 21st, the South Korean government had to seek help from the International Monetary Fund and temporarily controlled the crisis. But on December 13, the exchange rate of the won to the dollar fell to 1737.60:1. The won crisis has also hit Japan's financial sector, which has heavily invested in South Korea.
In the second half of 1997, a series of banks and securities companies in Japan went bankrupt one after another. The Southeast Asian financial crisis turned into the Asian financial crisis.
The financial crisis broke out in Asia, and time passed by suddenly. It really feels so fast.
On January 1, 1998, Dongfang Yuqin collected a document and handed it over 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 of the top ten companies in South Korea are on the verge of bankruptcy, such as Samsung, lg, SK, Hyundai, Lotte Group, Pohang Steel, 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!”
"Go ahead! I want to force all the top ten companies in South Korea to go bankrupt, but I want to see how much the South Korean government can spend!!!"
"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 a financial crisis, and now it has experienced it again. This is a very heavy blow to Japan!"
"Deserved!" Li Zetian sneered, but he didn't have a good face towards Japan. Li Zetian was very angry with the youth, otherwise he would not let people film "Nanjing Massacre", targeting Japan like this!
"I estimate that after this Asian financial crisis, the Japanese economy will definitely be in depression! We have to take the opportunity to buy their companies or technologies. In any case, Japanese talents are still very good, let them work for me and work for me. !"
"Hehe, don't worry, I have already arranged it!" Dongfang Yuqin smiled and nodded.
Li Zetian smiled with satisfaction, and then he flipped through the documents to check the specific economic data of Asian countries during this period of time.
…
At the beginning of 1998, Li Zetian killed a carbine and turned his attention to Indonesia again. Indonesia's economy is 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.
This time, we attacked Indonesia again, which led to the re-emergence of the financial turmoil in Indonesia!
The Indonesian government is powerless. On February 11, 1998, Indonesia announced that it would implement a linked exchange rate system in which the Indonesian rupiah and the US dollar would maintain a fixed exchange rate to stabilize the Indonesian rupiah.
The move was immediately unanimously 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 major political and economic crisis.
Li Zetian couldn't help laughing when he saw the news, and sarcastically said: "Oh, 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 linked exchange rate system in which the Indonesian rupiah and the US dollar maintain a fixed exchange rate, which is naturally damaging. The interests of European and American countries. If there is no interest, it is a bastard to help!"
Within a few days, the Indonesian rupiah fell below 10,000:1 against the US dollar. Affected by this, the foreign exchange market in Southeast Asia was in waves again, and the Singapore dollar, the ringgit, the Thai baht, and the Philippine peso fell one after another.
In Indonesia, weeping and shouting, mourning everywhere, on the streets, and even all kinds of criminal acts are staged every day, like a hell on earth.
At this moment, Indonesia's economic situation is so bad that it is almost incurable, and the Indonesian government has no money. In desperation, they had to contact the International Monetary Fund and signed an agreement with it on a new economic reform program. The content of the agreement can be imagined with a toe, and it must be beneficial to European and American countries.
With the support of the International Monetary Fund, and the fact that Southeast Asian countries have been squeezed very badly, there is not much oil and water to be recovered if the squeeze continues.
Soros began to turn his attention to other countries, such as Russia. As for Hong Kong, Soros has already suffered a loss and dare not go again.
Dongfang Yuqin came to Li Zetian and asked, "Should we attack Russia with Soros?"
Li Zetian pondered for a while, Soros attacked Russia in his previous life, and he ended in a fiasco, which was a big blow!
"No, Russia is not easy to deal with!" Li Zetian said, "Right now, the Asian financial crisis is about to end, we need to sort out our results in time, and clean up the mess, such as acquiring those companies that are on the verge of bankruptcy!"
Speaking of this, the tone could not help but become cold.
Big Mac companies in Japan rarely go bankrupt, such as Sony, which itself has huge capital reserves, and with the help of the Japanese government, it has survived in the end. Korean companies are different from Japanese companies. The large Korean companies have a very high debt ratio. The financial crisis is coming, and 7 of the top ten companies have been bankrupted by Li Zetian. After more than a month, they are ready to auction, including Samsung. company.
The current Samsung company is not as strong as in the previous life, but Li Zetian did not dare to underestimate it. Taking advantage of this 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 saves 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, the South Korean government can only abandon Samsung in the end.
Dongfang Yuqin nodded: "Well, that's fine, lest there be too many night dreams and other companies will rob us!"
"Among the Korean companies, Samsung must take it down for me!!!" Li Zetian said, an inexplicable smile appeared on the corner of his mouth.