Chapter 839

In the afternoon,

"Mr. Soros..."

"The Chairman is very satisfied with your action in Southeast Asia this time!"

Soros Fund, President's Office.

Sunlight shone on the floor through the huge floor-to-ceiling windows, reflecting a bright spot of light.

Sofa area,

At this time, opposite Soros were two people from the Federal Reserve.

Soros was very respectful: "Everything is thanks to the strong support of Mr. Chairman, only then did we have this success."

The "Chairman" mentioned by both sides is the Chairman of the Federal Reserve Board — Alan Greenspan.

Greenspan's term lasted for 18 years (August 1987 to January 2006) and is one of the longest-serving Federal Reserve Chairmen in US history.

During his tenure, he experienced many major economic events, including the 1987 stock market crash, the economic prosperity of the 1990s, and the 1997 Asian financial crisis.

His monetary policy style is known for flexible regulation and sensitive reaction to market signals, and has had a profound impact on the US and even the global economy.

Because of the ruling influence of the US dollar on the world, the Federal Reserve has always had the title of "World Central Bank".

And the Chairman of the Federal Reserve is the "World Central Bank Governor".

Why does this "World Central Bank Governor" Greenspan value and support Soros's action in Southeast Asia so much?

The cause of this matter starts with the situation of the US dollar.

Before 1997, the US dollar was a bit "soft".

After the US experienced an economic recession in the early 1990s, in order to stimulate exports and drive growth, the Federal Reserve maintained low interest rates, causing the US dollar exchange rate to be at a phased low around 1995.

At the same time, currencies such as the German mark and the Japanese yen appreciated due to the strong regional economy, which to a certain extent diverted the demand of international capital for holding US dollars.

Take Thailand as an example, why are its foreign exchange reserves only 32 billion US dollars?

Because it is close to the Japanese yen and borrowed a lot of money from Japan.

In the 1990s, Japan's yen appreciated after signing the "Plaza Accord" and implemented a low-interest policy. Domestic capital was seriously oversupplied, and a large amount of capital flowed to Southeast Asia. Thailand attracted a large amount of Japanese investment and loans due to its low land prices and abundant labor force.

Other Southeast Asian countries are in similar situations.

In Europe, even within ASEAN, business started to be settled in local currency, which is equivalent to disguisedly weakening the status of the US dollar.

The Federal Reserve naturally discovered this.

So,

When Soros wanted to carry out the attack on Southeast Asia plan last year, after the Federal Reserve found out about this, they found Soros.

The two sides hit it off!

Soros led the Quantum Fund, international hot money followed, shorted the Thai baht, and directly smashed through Southeast Asia's fixed exchange rate system.

The Thai baht decoupled, other countries' currencies collapsed, foreign exchange reserves burned out, and the economy was in a mess.

It was only at this time that these countries suddenly realized: they couldn't play without the US dollar.

Then,

The US dollar can be tough.

After this collapse in Thailand, who would dare not reserve more US dollars?

(In the following years, Southeast Asian countries increased their US dollar reserves one after another, Thailand increased its US dollar reserve ratio from 30% to 70%, and Indonesia and Malaysia also followed suit.)

Therefore, Soros's operation this time is not just speculation by a private fund, but also allows the Federal Reserve to consolidate the hegemony of the US dollar.

Soon,

Soros's speech at the press conference spread throughout the world and throughout Southeast Asia.

On the streets of Thailand, people watched Soros's smug look on TV, and anger spread rapidly among the crowd.

"This greedy guy has ruined our lives! Thailand's economy has been messed up by him, and now he is still talking big here!"

"We worked hard, but he acted like a robber, plundering our wealth with his means, it can't just end like this!"

Curses rose one after another across the country.

And the Thai Prime Minister even scolded publicly in the news: "Soros is an economic war criminal who sucks the blood of the people."

Someone even suggested at a meeting: He is not allowed to enter Thailand.

(Soros shrugged: whocare?)

In countries like the Philippines and Indonesia, people took to the streets to hold protests, holding up placards with slogans such as "Soros get out of Asia" and "Give me back economic stability".

And international hot money is like sharks smelling blood, becoming even crazier.

They increased their efforts to smash the currencies and stock markets of Southeast Asian countries.

In the foreign exchange market, a large amount of Thai baht, Indonesian rupiah, and Malaysian ringgit were sold off, and the exchange rate fell straight down.

Although central banks of various countries fought hard, constantly throwing out foreign exchange reserves to buy local currency in an attempt to stabilize the exchange rate, they felt powerless in the face of the surging sell-off wave.

The stock market was even more wailing, and panic selling spread like a plague.

The wealth of countless families vanished in an instant...

Factories stopped production, shops closed, and a large number of workers became unemployed...

Hong Kong.

"Pitter-patter~~~"

"Boom boom boom~~~~"

On July 10th, typhoon "Ceti" passed through, level 9 typhoon signal, thunder and lightning.

Schools and markets in Hong Kong were closed.

Thousands of households in Hong Kong all stayed at home, watching TV, or visiting neighbors to play mahjong.

Causeway Bay,

Director Director Director Guan Zu Zu's side, the huge living room,

More than a dozen people opened 4 mahjong tables and played mahjong lively.

Team building!

Director Director Director Guan Zu Zu's table,

"Three strips." Director Director Director Guan Zu Zu played a card. Behind him, Ruan Mei held her daughter and watched Director Director Director Guan Zu Zu play cards.

The daughter kicked her feet on Director Director Director Guan Zu Zu's lap and reached out to grab the mahjong.

"Can't grab." Director Director Director Guan Zu Zu held her little hand.

Wah wah wah~~~~ The daughter cried loudly.

"Pong!" The opposite Chen Yongren was happy and shouted.

His next player Ah Wah started to pray: "Pong on the top, self-draw on the bottom..."

Then drew a card.

Slap~~~

"Hu!"

"Five ten thousand, all pongs!"

"Hahaha~~ pay money!" Ah Wah and Ah E laughed loudly.

Chen Yongren scolded: "I knew I shouldn't have ponged..."

Ah May started counting money.

Another table, Xu Zhengyang and Ding Hu didn't play, but sat next to their wives and watched their wives play, winning several times, making Gao Gang and Brother Da Tou scold.

"Is there any mistake."

"Does playing mahjong also discriminate against single dogs?"

There were also Gong Wei and Li Xia, with Hua Di and Jojo, Ah Xing and Fang Min, Xie Weihao and Song Xiaohui... sitting at a table...

Thunder sounded again outside the window,

Inside the house, the sound of cards, laughter, and scolding were lively and didn't stop.

Soon,

It was noon.

ATV News officially reported.

"Today, No. 9 typhoon signal Ceti passed through..."

"The maximum storm surge in Victoria Harbour reached 2.35 meters, reaching a historical high..."

"Most of the precipitation was concentrated in Tsuen Wan and Sha Tin District..."

"There was large-scale water accumulation in 5 streets..."

"In addition, a landslide occurred at the Ten Thousand Buddhas Monastery in Sha Tin, and the Buddha statue in the main hall was washed away. Currently, the Ten Thousand Buddhas Monastery has been closed..."

"This morning, the Hong Kong stock market continued to rise, and the Hang Seng Index rose by 0.8%..."

"Below, is international news..."