Chapter 397

Williams manor.

Wisps of breeze blowing, with a trace of grass aroma, particularly refreshing. As the sun rose, Henry was lying on a chair under the grape trellis, squinting slightly. As she kneaded his shoulders and massaged him, she whispered, "Warren Buffett and his Berkshire Hathaway company are not easy to deal with. However, why do you care about a small Wells Fargo Bank? Southeast Asia is our goal!"

"Since the end of 1996, Soros began to borrow a lot of Thai baht from various financial institutions in Thailand," she said with a smile. On March 2 this year, Soros attacked Thailand's foreign exchange market and madly sold the Thai baht, which led to a substantial depreciation of the Thai baht! Soros sold the Thai baht to the Bank of Thailand for us dollars, and then continued to borrow the Thai baht and continue to sell for us dollars. After the devaluation of the Thai baht, we can buy the baht at a low price and return it to Thai financial institutions, thus earning a huge price difference! "

"There are about $7 trillion of international capital flowing around the world. Once international speculators find out which country or region is profitable, they will immediately impact the currency of that country or region through speculation, so as to obtain huge profits in the short term. So, Soros takes the lead and Thailand is finished! "

"As of 1997, Thailand's foreign exchange reserves were only over US $30 billion. Compared with the non heavyweight international hot money, a mere US $30 billion is just like a drop in the bucket, which is of no help."

Henry nodded. "How much baht did Soros borrow, do you know?"

Kalina shook her head. "It's about 15 billion US dollars worth of Thai baht. According to the exchange rate of 1:25 between US dollars and Thai baht at that time, it's at least 470 billion Thai baht."

"How much baht did we borrow?"

As soon as Henry asked about it, Kelly laughed, "we have borrowed nearly 75 billion baht from a number of offshore companies... Hehe, we are the biggest international hot money! The more devalued the baht is, the more we will earn! Soros is in charge. Let's sit in the back and enjoy his achievements! We also borrowed a lot of local currencies in Korea, Japan, Philippines, Indonesia, Malaysia and other countries. When the Asian financial crisis broke out and the currencies of all countries devalued, we could make a lot of money from it! "

Henry can't help laughing when he hears the words. After the Asian financial crisis, his value will soar again! Excited, I can't help but hold kailinna in my arms, "dear, I've worked hard for you. When the Asian financial crisis is over, I will reward you greatly!"

Kailinna turned over and sat on Henry's lap. "What are you going to reward me for?" Kailinna looked into Henry's eyes and asked with a smile.

Henry put his arms around her waist and put up a hand to think, "what's the reward? You see, after the Asian financial crisis, you are also a rich woman with tens of billions of dollars. You're not short of money. It's hard to think about this reward... "

Kailinna gave Henry a deep kiss on the mouth, then said with a smile, "is that the way to think faster?"

"It's going to be fast, but it seems that it's almost hot..."

Kalina smiles and then bends down to kiss Henry. This time it was a French kiss! After that, she leaned on Henry's shoulder and breathed out.

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

After hearing this, Kalina asked with surprise: "really?"

"Of course Henry nodded, gave her a kiss on the forehead and asked affectionately, "will you marry me?"

Kellina is four years older than Henry. She is now 27 years old. Many women are married at this time. It's just that Henry is young, so Kalina has to wait.

"I will!" Kailinna responded excitedly and couldn't help kissing.

"Don't be here... Everyone else is watching. Take me to the room!" She said to Henry in a sweet voice.

"Good!" Henry gasped for breath, and then he held her in his arms and rushed to the room

……

On May 2, Soros finally broke out, throwing nearly 130 billion baht at once. The exchange rate of baht changed greatly, causing financial market turbulence; On May 7, international speculators established spot and forward foreign exchange trading positions through foreign banks operating offshore business. Since May 8, Thai baht has been borrowed from the local bank of Thailand and sold short in the spot and forward markets, resulting in a sharp drop in the spot exchange rate of Thai baht, breaking through the floating range stipulated by the Central Bank of Thailand for many times and causing market panic.

Thailand's foreign exchange market was turbulent and unstable. Commercial banks and enterprises have sold the baht and snapped up the US dollar. The baht once depreciated to 27:1 against the US dollar. In the face of the impact, the Central Bank of Thailand has to use a large amount of US dollar foreign exchange reserves to intervene, raise the offshore lending rate to 1000%, and prohibit domestic financial institutions from lending Thai baht!

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

Faced with the attack of Soros and others, the Thai government has spent 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 amount of money is equivalent to a wave tossing in the sea, and then nothing.

On July 2, 1997, the Thai government was forced to announce that Lao Tzu did not 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 floating by itself! As soon as the news came out, it immediately caused unprecedented panic. On that day, the exchange rate of the Thai baht against the US dollar reached 32.6:1, and the depreciation rate was more than 30%!!!

As a result, countries close to Thailand have suffered, including the Philippines, Malaysia, Singapore, South Korea and Indonesia. At the moment, Soros is leading a large group of international speculators to attack the Philippine Peso, Indonesian rupiah, Malaysian ringgit and other currencies one after another!

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

Subsequently, the Singapore dollar, which has always been strong, was also impacted and depreciated significantly!

In late October, international speculators moved to Hong Kong, the international financial center, and the spearhead was directed at the Hong Kong exchange rate system. At this time, under the attack of international speculators such as Soros, 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. At the same time, it also brought huge pressure on the Hong Kong dollar and the Hong Kong stock market. Hong Kong just returned to the mainland on July 1 this year, and people's hearts are not very stable. Unexpectedly, in a flash, Hong Kong encountered the Asian financial crisis, which caused great panic among the people of Hong Kong! On October 23, Hong Kong's Hang Seng Index fell 1211.47 points; On the 28th, it fell 1621.80 points, directly below the 9000 point mark

Faced with the fierce attack of international financial speculators, the Chinese government has enough foreign exchange for the US dollar, so to help stabilize the people's heart and enhance the goodwill of the Chinese mainland to Hongkong people, China immediately offered 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 lot of money to stabilize the stock market. As a result, the Hang Seng Index soon rose to 10000 points!

Soros and a group of other international financial speculators went on to move to South Korea. In mid November, South Korea suffered. On the 17th, the exchange rate of the won against the US dollar fell to a record 1008:1. The South Korean government is also a poor force. It can only seek help from the International Monetary Fund, which has temporarily controlled the crisis. However, is Soros so easily defeated? On December 13, the exchange rate of the Korean won against the US dollar dropped to 1737.60:1 again, and countless companies in South Korea are facing the crisis of bankruptcy.

The Korean won crisis has also hit Japan's financial industry, which has invested a lot in South Korea. In the second half of 1997, a series of Japanese banks and securities companies went bankrupt one after another. As a result, the Southeast Asian financial crisis evolved into the Asian financial crisis.

At this time, Henry and kailinna were at home calculating how much money they had made. Their eyes were bright, and they seemed to be dollar symbols