Williams Manor.

A wisp of breeze blowing, with a hint of green grass fragrance, is particularly refreshing. As the sun rises, Henry lies on an armchair under the grape trellis with his eyes slightly squinted, and Kailena, who sits behind him, rubs his shoulders and massages him, while whispering softly: "Warren Buffett and his Berkshire Ha Saway is indeed not easy to deal with, but a small Wells Fargo Bank, why bother to your heart, Southeast Asia is our goal!"

Kailena smiled and said: "Since the end of 1996, Soros began to borrow a large amount of Thai baht from various financial institutions in Thailand. On March 2 this year, Soros attacked the Thai foreign exchange market and sold the Thai baht frantically. This led to a substantial depreciation of the Thai baht! Soros sold the Thai baht to the Bank of Thailand for US dollars, then continued to borrow the Thai baht, and continued to sell for US dollars. After the Thai baht depreciated, he would buy the Thai baht at a low price and return it to Thai financial institutions, thus earning huge amounts of money. The difference!"

“There are approximately 7 trillion U.S. dollars in circulating international capital around the world. Once international speculators find that a country or region is profitable, they will immediately attack the currency of that country or region through speculation in order to obtain huge profits in the short term. Therefore, demand If Rose takes a head, Thailand will be over!"

"As of 1997, Thailand's foreign exchange reserves were only more than 30 billion U.S. dollars. Compared to the infinite international hot money, the mere 30 billion U.S. dollars of capital is like a drop in the bucket and it is useless."

Henry nodded = nodded, "Do you know how many baht Soros borrowed?"

Kailena shook her head, "About 15 billion U.S. dollars worth of Thai baht, based on the 1:25 exchange rate between U.S. dollars and Thai baht at that time, is at least 470 billion baht!"

"Then how much baht did we borrow?"

When Henry asked, Kailena suddenly smiled, "We have used a number of offshore companies and borrowed nearly 75 billion U.S. dollars in Thai baht... Hehe, by all accounts, we are the largest international hot money! The more the Thai baht depreciates. , The more we earn! Soros is charging and fighting, we will sit behind and enjoy his achievements! Following the law, we also borrowed a large amount 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 fortune from the devaluation of currencies of various countries!"

When Henry heard this, he couldn't help laughing. After the Asian financial crisis, his net worth has skyrocketed again! Excited, he couldn't help but stop Kailena in his arms, "My dear, thank you for your hard work. When the Asian financial crisis is over, I will reward you greatly!"

Kailena turned over and sat on Henry's lap. "What are you going to reward me!" Kailena asked Henry looking into Henry's eyes with a smile.

Henry put his arm around her waist, and pretended to hold up a hand to think, "What is the reward? Look at you, after the Asian financial turmoil, you are also a billionaire female billionaire. You are not short of money. , This reward is really hard to think of..."

Kelena kissed Henry's mouth deeply, and then smiled: "Is this way I want to be faster?"

"It's going to be fast, but it seems that it's still about to fire..."

Kailena smiled, then leaned down to kiss Henry. This time it was a deep French kiss! When it was over, Kalena leaned on Henry's shoulder and exhaled.

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

After hearing this, Kailena asked with surprise on her face: "Really?!"

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

Kailena is four years older than Henry and is currently 27 years old. Many women are already married at this time. It's just that Henry is young, so Kailena can only wait forever.

"I am willing!" Kailena responded excitedly, and couldn't help kissing.

"Don't be here... everyone else is watching, take me to the room!" Kailena said softly to Henry, winking.

"Okay!" Henry replied, panting, and then he hugged Kailena in his arms, and then quickly rushed to the house...

...

On May 2nd, Soros finally broke out. He threw nearly 130 billion baht at once. The exchange rate of the Thai baht changed drastically, which caused turmoil in the financial market. On May 7th, international speculators established offshore banks through foreign banks. Spot and forward foreign exchange trading positions. Starting from May 8, borrowing Thai baht from local banks in Thailand and selling large amounts of Thai baht in the spot and forward markets, short-selling the Thai baht caused a sharp drop in the spot exchange rate of the Thai baht, which repeatedly broke the floating range specified by the Central Bank of Thailand, causing The market panic.

Thailand's foreign exchange market was immediately turbulent and turbulent. Commercial banks and companies have dumped the Thai baht and snapped up the U.S. dollar. The value of the Thai baht against the U.S. dollar once depreciated to 27:1. Facing the shock, the Central Bank of Thailand had to use a large amount of US dollar foreign exchange reserves to intervene, raise the offshore lending rate to 1,000%, and prohibit domestic financial institutions from lending baht!

By the end of June 1997, the extremely fragile foreign exchange market in Thailand experienced severe volatility again, and the exchange rate of the Thai baht to the US dollar plummeted to 28:1. At this moment, more than forty banks in Thailand have gone bankrupt, thousands of factories have gone bankrupt, and the Thai government has only left 2.8 billion US dollars in foreign exchange.

Facing the attack by Soros and others, the Thai government used a total of US$30 billion in foreign exchange reserves and US$15 billion in international loans in an attempt to turn the tide. However, this little money is equivalent to a wave churn in the ocean, and then there is nothing.

On July 2, 1997, the Thai government could not hold on it anymore and was forced to announce that I was rebellious 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 fluctuations by itself! As soon as the news came out, it caused unprecedented panic. The exchange rate of the Thai baht to the US dollar reached 32.6:1 that day, and the depreciation rate was as high as 30%! ! !

As a result, countries that cooperate closely with Thailand have suffered, including the entire Southeast Asia region, including the Philippines, Malaysia, Singapore, South Korea, and Indonesia. At this moment, Soros is leading a large group of international speculators to launch attacks against currencies such as the Philippine peso, Indonesian rupiah, and Malaysian ringgit one after another!

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

Subsequently, the always strong Singapore dollar was also hit and depreciated drastically!

In late October, international speculators moved to Hong Kong, the international financial center, and aimed directly 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 a 3.46% depreciation of the New Taiwan Dollar within one day. It also put tremendous pressure on the Hong Kong dollar and the Hong Kong stock market. Hong Kong just returned to the mainland on July 1 of this year, and the people's minds are still not very stable. Unexpectedly, it encountered the Asian financial turmoil in an instant, which caused a huge panic among the people of Hong Kong! On October 23, Hong Kong's Hang Seng Index fell sharply; on the 28th ~lightnovelpub.net~, it fell directly below the 9000 point mark...

In the face of fierce attacks by international financial speculators, the Chinese government has enough US dollars and foreign exchange. Therefore, in order to stabilize the hearts of the people and increase the goodwill of mainland China to Hong Kong people, immediately lend a helping hand. Subsequently, the Hong Kong Special Administrative Region Government declared that it would not change the current exchange rate system and invested a huge amount of money to stabilize the stock market. As a result, the Hang Seng Index rose quickly, reaching another tens of thousands of points!

A group of international financial speculators, including Soros, then switched places, targeting South Korea. In mid-November, South Korea suffered. On the 17th, the exchange rate of the Korean won to the U.S. dollar fell to a record high of 1008:1. The South Korean government is also very poor and can only ask the International Monetary Fund for assistance. This 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, and countless companies in South Korea were facing the crisis of bankruptcy.

The Korean won crisis has also hit the Japanese financial industry, which has a large investment in South Korea. In the second half of 1997, a series of banks and securities companies in Japan went bankrupt. As a result, the Southeast Asian financial crisis evolved into an Asian financial crisis.

At this time, Henry and Kelena are calculating how much money they have made at home, their eyes are bright, it seems that they are all dollar signs...

(To be continued.)