Silicon Valley

Williams Manor.

A breeze blowing, with a hint of grass fragrance, is particularly refreshing. The sun was rising, Henry was lying on a chair under the grape trellis, squinting his eyes, and Kaelina, who was sitting behind him, rubbed his shoulders and massaged his shoulders, while whispering: "Buffett, the god of stocks, and his Berkshire Hathaway. It's not easy to deal with the Saway Company, but why should you worry about a small Wells Fargo Bank, Southeast Asia is our goal!"

Karina smiled and said, "Since the end of 1996, Soros began to borrow a lot of Thai baht from various financial institutions in Thailand. On March 2 this year, Soros attacked the Thai foreign exchange market and sold baht frantically. This led to a significant depreciation of the Thai baht! Soros sold the Thai baht to the Bank of Thailand for USD, and then continued to borrow the Thai baht and sold it for USD. After the Thai baht depreciated, he bought the Thai baht at a low price and returned it to the financial institution in Thailand, thus earning a huge amount of money. The difference!"

"There are about 7 trillion US dollars of flowing international capital in the world. Once international speculators find out which country or region is profitable, they will immediately hit the currency of that country or region through speculation to make huge profits in the short term. Ross takes the lead and Thailand is doomed!"

"As of 1997, Thailand's foreign exchange reserves were only more than 30 billion U.S. dollars, and the mere 30 billion U.S. dollars of funds, compared to the boundless international hot money, was like a drop in the bucket and was of no use."

Henry nodded, "Do you know how much Thai baht Soros borrowed?"

Karina shook her head, "It is about 15 billion US dollars worth of Thai baht. At the time of the exchange rate of 1:25 between the US dollar and the Thai baht, at least 470 billion Thai baht was borrowed!"

"Then how much baht did we borrow?"

As soon as Henry asked, Karina smiled, "We used a number of offshore companies and borrowed a total of nearly 75 billion US dollars in Thai baht... Hehe, we are the biggest international hot money! The more the Thai baht depreciates. , the more we earn! Soros is charging, we will enjoy his achievements in the back! In the same way, we have also borrowed a lot of local currency in South Korea, Japan, the Philippines, Indonesia, Malaysia and other countries, just waiting for the Asian financial crisis to break out, We can make a lot of money from the devaluation of currencies of various countries!”

Hearing this, Henry couldn't help laughing. After the Asian financial crisis, his net worth will skyrocket again! In addition to being excited, she couldn't help but hold Karina in her arms, "Dear, you have worked so hard, and when the Asian financial crisis is over, I will greatly reward you!"

Kaelina rolled over and sat on Henry's lap, "What are you going to reward me for!" Kaelina looked into Henry's eyes and asked with a half-smile.

Henry put his arms around her waist and put up one hand in a pretentious way to think, "What is the reward? Look at you, after the Asian financial turmoil, you are also a billionaire woman. You are not short of money. , this reward is really hard to imagine..."

Kaelina kissed Henry's mouth deeply, and then smiled: "Does this make you think faster?"

"It's going to be soon, but it seems that the fire is still short..."

Karina smiled sweetly, and leaned down to kiss Henry again. This time, it's a deep French kiss! When it was over, Karena leaned on Henry's shoulder and breathed like blue.

Henry said affectionately: "Kelina, after the Asian financial crisis, let's get married!"

When Kaelina heard this, she asked in surprise, "Really?!"

"Of course!" Henry nodded and said, kissed her forehead, and asked affectionately, "Will you marry me?!"

Karina is four years older than Henry and is now 27 years old, and many women are already married at this time. It's just that Henry is young, so Kaelina can only wait.

"I do!" Kaelina responded excitedly and couldn't help kissing.

"Don't be here... Everyone else is watching, take me to the room!" Kaelina said softly to Henry with winking eyes.

"Okay!" Henry gasped in response, and immediately hugged Kaelina in his arms, and then quickly rushed to the house...

...

On May 2, Soros finally broke out and threw nearly 130 billion baht all at once. The baht exchange rate fluctuated greatly, causing financial market turmoil; Spot and forward foreign exchange trading positions. Since May 8, borrowing Thai baht from local banks in Thailand, selling Thai baht in large quantities in the spot and forward markets, short selling Thai baht, causing the spot exchange rate of Thai baht to fall sharply, breaking through the floating range specified by the Central Bank of Thailand many times, causing Market panic.

The foreign exchange market in Thailand was choppy and turbulent immediately. Commercial banks and companies have sold the baht and snapped up the dollar, which once depreciated to 27:1 against the dollar. Faced with the shock, the Central Bank of Thailand had to use a large amount of US dollar foreign exchange reserves to intervene, raising the offshore lending rate to 1000%, and prohibiting domestic financial institutions from lending Thai baht!

By the end of June 1997, the extremely fragile Thailand foreign exchange market once again experienced violent fluctuations, and the exchange rate of the Thai baht against the US dollar plummeted to 28:1. At this moment, more than 40 banks in Thailand have gone bankrupt, thousands of factories have gone bankrupt, and the Thai government is left with only 2.8 billion dollars in shriveled foreign exchange.

Facing the attack of Soros and others, the Thai government has used a total of 30 billion US dollars of foreign exchange reserves and 15 billion US dollars of international loans this time in an attempt to turn the tide. However, this amount of money is equivalent to a wave churning in the ocean, and then there is nothing left.

On July 2, 1997, the Thai government couldn't hold it anymore and was forced to announce that I could no longer resist, and decided to abandon the exchange rate system of the Thai baht pegged to the US dollar, and let the market decide the exchange rate by itself! As soon as the news came out, it immediately caused unprecedented panic. The exchange rate of the Thai baht against the US dollar reached 32.6:1 that day, and the depreciation rate was as high as 30%! ! !

As a result, countries with close cooperation with Thailand have suffered, including the Philippines, Malaysia, Singapore, South Korea and Indonesia, the entire Southeast Asian region. At this moment, Soros is leading a large group of international speculators to launch an attack on the Philippine Peso, Indonesian Rupiah, Malaysian Ringgit and other currencies!

In August, Malaysia fell and finally gave up defending the "ringgit" currency.

Subsequently, the Singapore dollar, which has always been strong, was also hit and depreciated substantially!

In late October, international speculators moved to Hong Kong, the international financial center, and took aim at the Hong Kong exchange rate system. At this time, under the attack of Soros and other international speculators, the Taiwan authorities decided to abandon the exchange rate of the New Taiwan dollar, which led to the depreciation of the New Taiwan dollar by 3.46% in one day, and also brought enormous pressure to the Hong Kong dollar and the Hong Kong stock market. Hong Kong has just returned to the mainland on July 1 this year, and people's hearts are not very stable. Unexpectedly, they encountered the Asian financial turmoil in an instant, causing huge panic among Hong Kong citizens! On October 23, Hong Kong's Hang Seng Index fell sharply; on the 28th, it fell directly below the 9,000-point mark...

In the face of the fierce attack of international financial speculators, the Chinese government has enough foreign exchange in US dollars. Therefore, in order to stabilize people's hearts and enhance the goodwill of mainland China to Hong Kong people, it immediately lends a helping hand. Subsequently, the Hong Kong Special Administrative Region Government stated that it would not change the current exchange rate system and invested heavily to stabilize the stock market. As a result, the Hang Seng Index rose quickly, reaching the 10,000-point mark!

Soros and a group of international financial speculators then changed places, targeting South Korea. In mid-November, South Korea suffered. On the 17th, the exchange rate of the Korean won against the US dollar fell to a record 1008:1. The South Korean government is also a poor man and can only ask the International Monetary Fund for assistance, which has temporarily controlled the crisis. However, is Soros so easily defeated? On December 13, the exchange rate of the Korean won to the US dollar fell to: 1 again, and countless companies in South Korea were facing the crisis of bankruptcy.

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. As a result, the Southeast Asian financial crisis evolved into the Asian financial crisis.

At this time, Henry and Kelina were calculating how much money they had earned at home, their eyes lit up, and they seemed to be dollar signs...

(To be continued ~^~)