As soon as the New Year's Day holiday was over, Wang Yaozu informed Guan Youbo and Huo Jianning to come to his home.

It is now 1997. 97 is not only important to the Chinese people and the Hong Kong people, but also to the entire Asia and the world.

Thirty years later, people cannot forget the financial crisis that occurred in 1997, which caused by Thailand's excessive financial policies that spread throughout Asia and spread to Europe and the United States.

During this financial crisis, the four Asian tigers Indonesia, Thailand, Malaysia and the Philippines suffered a fatal blow. The wealth obtained by the four countries in the rapid development of the 1980s and 1990s was intercepted by international speculators with Amerika as the pioneer and Wall Street as the pioneer, while also owing a large amount of debts to the International Monetary Fund. It was not until ten years later that they gradually recovered, so that...

So much so that Malaysia's per capita GDP was caught up by the mainland after more than 20 years...

Well, in fact, compared with the four little tigers before the economic crisis, we caught up with the Philippines and Indonesia in 2002 and Thailand in 2008.

Also greatly affected are the four Asian little dragons, the Big Universe Kingdom, Wanwan, Hong Kong Island, and Li Jiapo. If you compare GDP... Well, it's still not the comparison, it's not good for your spirit.

...

The manor was comfortable, and the servant brought tea and stepped out.

After a brief taste, Wang Yaozu looked up at Guan Youbo and said, "I'm here to discuss something with you today."

"Brother Yao (Boss), you said." The two of them put down their teacup and looked at Wang Yaozu with a serious look on their faces.

You know, no matter what happened before, Wang Yaozu had never made such a secret and formal way, which made the two of them feel heart-warming.

"I learned about a big thing through some relationships with America." Wang Yaozu looked at the two of them and said in a low voice: "Southeast Asia has developed extremely rapidly over the past decade, so the financial giants led by Wall Street have set their sights on Southeast Asia and are preparing to launch a round of harvesting in Southeast Asia like they were harvesting Japan back then."

"What!" The two of them jumped up from the sofa in an exclaim, looking at Wang Yaozu in horror, "Brother Yao, tell me the truth."

"How fresh, I'm joking with you!" Wang Yaozu rolled his eyes.

"How could this kind of news be heard? It's impossible! In finance, the early leak of news means failure, and it's easy to be ambushed and wiped out by others!" No one knows this better than Guan Youbo, who is engaged in finance. He grabbed his hair with both hands and stared at Wang Yaozu. Even if it was Brother Yao, he couldn't believe it.

"Don't worry about how I got the news. You just need to know one thing, that's for sure." Wang Yaozu couldn't explain it to him, so he could only speak toughly.

However, Huo Jianning calmed down first, frowned and looked at Wang Yaozu and asked, "What measures should the other party be planning to take? Should he force countries to sign a new 'plaza agreement' like he did back then?"

"Of course not, this time it's a financial harvest." Wang Yaozu gently tapped the table with his finger and told some of the news he had collected recently. "According to my arrangements for investigation, the US dollar continued to weaken against major currencies from 1984 to 1995, and the Thai baht also depreciated accordingly, which greatly improved Thailand's competitiveness in exports. Thai people's income increased significantly. With the attraction of stable exchange rates, high interest rates and capital account liberalization policies, foreign speculative capital, especially foreign short-term capital, poured into Thailand in large quantities. From 1994 to 1996, a large amount of short-term capital accounted for 7%-10% of GDP that year, and flowed to real estate and stocks."

"In order to make up for the huge deficit in the current account, Thailand's overall situation has intervened in foreign debt, resulting in a rapid expansion of the scale of foreign debt and a serious imbalance in the external structure, which is basically dominated by short-term foreign debt. In 1996, Thailand's foreign debt has reached US$93 billion, equivalent to 72% of GDP, of which short-term foreign debt accounts for 60%. The short-term foreign debt he needs to repay within one year. However, the country's foreign exchange reserves were only US$37.2 billion during the same period."

"Youbo, you are a finance person. Do you know what this means?"

"Hiss!!!" Guan Youbo gasped and his face turned pale. Those who don't engage in finance may not see any big problem. They just owe money, just $10 billion. For such a huge country, is this a matter?

But the fact is that this represents a huge financial loophole. As long as there is enough funds to impact the Thai baht in the foreign exchange market, once Thailand spends all the US dollar in its hands, it will inevitably cause catastrophic consequences. The collapse of the entire financial system will be allowed to be slaughtered by these financial tycoons, and the losses will be immeasurable.

"How should we do it specifically?" Although Wang Yaozu knew, he didn't understand this thing, so he asked curiously.

"The easiest way is to sell the Thai baht on a large scale in the financial market. To put it bluntly, the sell-off will lead to a decline and depreciation. If the Thai government does not want the Thai baht to depreciate suddenly and quickly, it can only take out foreign exchange to take over, and their foreign exchange reserves are obviously not enough." Guan Youbo thought about it and expressed it in as simple language as possible. Although it is not very accurate, it is easy for ordinary people to understand.

"A better way is to find ways to borrow a large amount of USD from Thailand through other channels to consume their ammunition, and then exchange it for Thai baht in the financial market. This will make your hands more ammunition and finally sell and short selling in a crazy way."

Wang Yaozu closed his eyes and thought for a while, then opened his eyes and asked, "Can we participate?"

Guan Youbo did not speak out, but looked at Huo Jianning, "It depends on how much funds I can mobilize."

“How to say it?”

"This is no longer an ordinary financial investment. This is a financial war. The battlefield will be very tragic for a country's currency. Although the harvest is huge, the amount of funds required is also extremely huge. Although the financial market can use very high leverage, the requirements for principal are also extremely huge. Otherwise, a small fluctuation may lead to a loss of money." Guan Youbo explained very carefully. He hoped that Wang Yaozu could know the risks. He was really the result of a billionaire in the previous second and a queue on the rooftop in the next second.

"How much cash can be used?" Wang Yaozu looked at Huo Jianning. He must not miss this foresighted financial harvest battle. This is the only opportunity to quickly expand capital. After passing this village, there will be no more store.

Although this harvest has caused great harm to Southeast Asian countries,... what does this have to do with him, Wang, and he is not a bad person, but he is not in the mood to worry about the people in these countries.

"Hong Kong dollars 7 billion." Huo Jianning said after thinking for a while.

"So little?" Wang Yaozu glared at Huo Jianning with surprise, spread his hands and said, "No, no, no matter how much I am worth, I am worth hundreds of billions. Just transfer such a little money to me, what's enough for?"

"Boss, your value is your value, and current cash is your current cash. A large part of your value is the valuation of the stock market. Unless you sell the stocks of listed companies, you will not be able to mobilize cash at all. Moreover, the sell-off of the major shareholder will only cause the stock price to plummet. In fact, there is no way to withdraw much cash." Huo Jianning said with a embarrassed look: "In addition, real estate, ports, terminals, and chemical factories in Ap Lei Chau are all fixed assets. Although they are valuable, this is not cash flow."

"Also, we must keep a portion of liquidity anyway, otherwise it will cause a complete collapse."

"Okay, okay." Wang Yaozu waved his hand and looked at Guan Youbo.

Guan Youbo shook his head, "Brother Yao, in the financial market, if the amount of funds is small, it can indeed leverage 100 times, but if the amount of funds such as leverage 1 billion US dollars is 100 billion US dollars, no broker can have this strength, so it is at most five times, and five times of 5 billion US dollars are thrown into the pit of this country's currency battlefield, which really can't splash."

not good!

Be careless!

He actually pretended, it was hateful!

Wang Yaozu's mouth twitched, and he looked at Guan Youbo who was talking speechlessly. It turned out that these financial people were the real Versailles masters, and they were hiding so deeply. Why didn't they notice it before?

Look at what others say, "5 billion US dollars can't splash at all." The result is $5 billion US dollars, just like 50 yuan. The most important thing is that you can't refute what you said with a disappointed expression.

I lost!
Chapter completed!