Yang Jing looked at David Anderson, then shook his head and said: "David, you should know that the focus of our future development will be on the other side of the Pacific Ocean. ”David nodded very dryly: "Boss, if I were the other side, I promise to prohibit everything related to KY investment funds from entering my country."
That's why I've been hesitant not to accede to Soros and Robertson's request. ”"That's right.David, you're a great investor, you have a strategic vision, and you can see the tremendous energy that is coming out of that country across the Pacific right now.Yes, they are not rich now, but we can't just look at the present, we have to look at the longer term, for example, ten or twenty years from now!
”David smiled, "Boss, I just don't think I'm a little willing.If we take advantage of this opportunity to enclose the foreign exchange reserves of the other side, our profit in this battle must be at least $70 billion. ”"Hehe, but this money is nothing compared to the layout on the other side of the ocean in the future.David, at your age, you can see the nation on the other side rise again, and that kingdom will grow into a kingdom of awe.Listen to me, don't get involved with those guys this time, we don't lack that money. ”"Boss, can that country really grow to that point?
Is it even more powerful than the Federation?
”"Yes!"
Yang Jing nodded very affirmatively, "I think that in less than thirty years, Huaxia's economic aggregate will surpass that of the Federation, and not only the economic aggregate, but that country is not weaker than the Federation militarily."
And I'm also sure that Huaxia will have its own aircraft carrier formation in twenty years!
So, don't underestimate that country, we should look at that country with a sense of awe. ”"Can they grow so fast?"
David asked, a little incredulous."
Facts speak louder than words!
What I say now, you will certainly not believe it until you see it with your own eyes, but I believe in that country.Therefore, David, no matter what aspect you consider this time, Pacific Capital should not participate in Soros's plan.We just need to take our profits in the markets of those countries in Southeast Asia, as well as in the markets of Zoben and South Korea. ”After a pause, Yang Jing continued: "Even when necessary, arrange for an agency fund to go out and help Hong Kong Island fight against Soros in the name of that fund. ”"Huh?
Why?
If we do that, once the news leaks out, we will immediately become Soros's enemies. ”"Enemies?
Hehe, David, don't think of them so highly!
Not to mention KY investment funds, even if it is the power of Pacific Capital, do you think Soros or Robertson have the qualifications to become our enemies?
You're underestimating us!
”Yang Jing's words are absolutely domineering, but they are definitely not exaggerating!
After continuously reaping huge profits in the market, Pacific Capital has now grown into a behemoth.Although this behemoth is rarely known to outsiders, as the CEO of Pacific Capital, David Anderson knows Pacific Capital best.At present, the cash controlled by Pacific Capital alone is as high as more than 300 billion US dollars, and as for the assets controlled by Pacific Capital, it is even larger.If you had to use an exact figure to reflect the total capital of Pacific Capital now, it would be more than a trillion dollars!
Such a behemoth, not to mention the Quantum Fund, which currently only has a capital of six billion US dollars, and the Tiger Fund, which has a capital of 11 billion US dollars, even if they are tied together, they can't catch up with a small toe of Pacific Capital!
It is no exaggeration to say that if the current Pacific Capital surfaces, it will be a proper large consortium!
The small Quantum Fund and the Tiger Fund are not qualified to be enemies of Pacific Capital at all!
Although the Quantum Fund and the Tiger Fund are famous, in front of the prehistoric mammoth giant elephant of Pacific Capital, they are just two more famous ants, and Pacific Capital can still easily crush them!
David was stunned for a moment, then scratched his head and laughed embarrassedly, "That's right, boss, they don't even have the qualifications to become our enemies, why should I care about them?"
”"Haha, this is my good David!"
Yang Jing smiled and applauded in encouragement."
Go ahead, harvest our profits in East Asia, and ignore the clamor of those two guys, they can't do it!
Also, who says we can only make money by following them?
If Soros and the others have a crisis, we can completely turn around and swallow their profits.Who are we?
Don't forget that we are Pacific Capital!
We are the true masters of this feast!
”"I get the boss.I'm still going to be careful, though, and I won't let anyone know that we're sending agents against them, because one less enemy is better than one more. ”"Well, then you can watch and do it!
Find a few more layers of agents, and don't expose us to the top.Also, keep an eye on the South Korean and Russian sides, and if necessary, talk to Niam about scraping another layer of grease off the bear. ”"I understand the boss, I'll do it."
Seeing David Anderson turn around and walk out, Yang Jing nodded with satisfaction.The financial crisis, which erupted in mid-1997 and spread throughout East Asia and half of Eastern Europe, was a feast for the world's capital.Under the leadership of Soros, these international tour funds did make a lot of profits in the early stage, but in addition to some sober-minded international tour funds, there were also many international tour funds that followed Soros to fold on Hong Kong Island, not only spit out all the profits earned from Southeast Asian countries before, but also suffered a lot of losses from their original funds.No one would have imagined that the Quantum Fund, which is gaining momentum, and those international tour funds would encounter such an ending!
So, the famous saying "never underestimate any opponent in the financial markets" has once again been validated in this financial crisis.In fact, the Southeast Asian financial crisis has been showing signs for a long time.As early as December 1994, after the Mexican financial crisis, some economists pointed out that a financial crisis might occur in Southeast Asia, and Krugman, a professor at the Massachusetts Institute of Technology in the United States, pointed out that the East Asian miracle did not come from the growth of total production capacity, but because of excessive input, excessive investment, excessive capital inflow, and excessive artificial capital export, and the so-called "economic miracle" formed under this model will not last long.In September 1995, Lawrence Lau, a professor at Stanford University in the United States, and Goldstein, an economist at the International Monetary Fund in August 1996, both pointed out that financial crises might occur in Thailand, the Philippines, Malaysia, and Indonesia.These financial experts can see the signs of a financial crisis, let alone guys like Soros and Roberts, who are more expert than financial experts.Of course, they can see the loopholes hidden under the financial systems of Southeast Asian countries.In Thailand, in particular, the loopholes and signs of crisis are even more pronounced.Although Thailand has a lot of foreign exchange reserves, it also has a lot of foreign debt.However, nearly 60% of Thailand's external debt is yen, but Thailand pursues a financial policy that pegged the Thai baht to the US dollar.In the past, when the yen was appreciating, this contradiction in Thailand was not prominent, but after April 1995, when the yen rose to the peak and began to depreciate, this contradiction immediately became apparent.Because the Thai baht is pegged to the US dollar, the strength of the US dollar represents the strength of the Thai baht, but more than half of Thailand's foreign debt is yen, and as soon as the yen depreciates, Thailand immediately can't stand it.Under such circumstances, the international tour capital led by Soros immediately came to Thailand like a shark smelling blood.In fact, the speculation against the Thai baht is the same as the one used in Riovanta to hollow out the legacy of the former Soviet Union.To put it simply, it is divided into three steps!
The first step is to borrow Thai baht at the then-current interest rate; The second step is to sell Thai baht in the spot market and exchange it for US dollars; In the third step, the exchanged dollars are lent out at the dollar interest rate.After these three steps are completed, speculators will make a profit once the Thai baht depreciates or the interest rate differential between the Thai baht and the US dollar widens.Among them, the most difficult thing to complete is how to smash the exchange rate of the Thai baht to the minimum, that is, how to depreciate the Thai baht.It was obviously unlikely for a single hedge fund to smash the baht to the floor in front of the Thai government, which has $30 billion in foreign exchange reserves, especially when Thailand was still joining forces with Singapore.But when the amount of capital in international travel reaches a certain level, for example, exceeding Thailand's foreign exchange reserves, it becomes immediately easy to smash the baht to the floor, which is impossible or difficult to achieve.In May 1997, international currency speculators, mainly hedge funds and multinational banks, began to sell the Thai baht on a large scale, with hedge funds shorting the forward exchange rate of the Thai baht in the futures market, while multinational banks were selling the Thai baht in the spot market.Many hedge funds and multinational banks threw the Thai baht together, and even though the Thai and Singapore governments joined forces at the time, they still resisted only for a short time.At the beginning, the Bank of Thailand and the Bank of Singapore joined forces to intervene in the market, taking a series of measures, including using $12 billion in foreign exchange reserves to absorb Thai baht, prohibiting local banks from lending Thai baht to speculators, and sharply raising interest rates to raise the cost of borrowing funds for speculators.However, the attack on the Thai baht exchange rate hit like a tidal wave, and currency speculators went on a frenzy to sell the baht, and the forward exchange rate of the Thai baht against the US dollar repeatedly hit new lows.On June 19, 1997, Finance Minister Ire Welawang, who was staunchly opposed to the depreciation of the Thai baht, resigned.Due to the fear of the depreciation of the exchange rate, the interest rate of the Thai baht has risen sharply, and the stock market and real estate market have plummeted, and the whole of Thailand is in a panic.On July 2, after depleting $30 billion in foreign exchange reserves, the Bank of Thailand announced that it would abandon the 13-year-old exchange rate system in which the Thai baht was pegged to the US dollar and introduce a floating exchange rate system.On the same day, the Thai baht exchange rate fell by 20%.The Asian financial crisis began in earnest.Starting with Thailand, Malaysia, the Philippines, and Singapore's currencies have all fallen, especially after the Bay Island, which has $80 billion in foreign exchange reserves, has also irresponsibly announced the depreciation of the new Taiwan dollar, the panic caused by this crisis is even greater.Soros has tasted a huge sweetness in Southeast Asian countries, and then when faced with the fat meat of Hong Kong Island, where can they endure it?
As a result, Soros underestimated Huaxia's determination to support Hong Kong Island.These international travel giants came with a strong sense of confidence, only to end up leaving in disgrace.Of course, Yang Jing will not participate in the attack on Hong Kong Island, on the contrary, he will also let David secretly find an agent, help Huaxia and Hong Kong Island when necessary, and then scrape off a layer of grease from Soros's body!
ps: Bow and thank the "very lazy fish" for the tip of 100.