Reboot your life
Chapter 186
The pulley of time began to turn gradually, as Yi An said, in June [-], a financial crisis broke out in Asia, and the development process of this crisis was very complicated.It didn't end until the end of [-].
On July 17.00, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system.At this time, Soros and other arbitrage fund managers began to sell a large number of Thai baht, and the Thai foreign exchange market was immediately choppy and turbulent.On that day, the Thai baht fell all the way, and the exchange rate of the Thai baht against the U.S. dollar fell by [-]%. The foreign exchange and other financial markets were in chaos.The Thai government used [-] billion US dollars of foreign exchange reserves and [-] billion US dollars of international loans in an attempt to turn the tide.But this mere [-] billion US dollars of funds is like a drop in the bucket compared to the immeasurable international hot money, which is of no avail.Hurricane Soros quickly swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries.The Indonesian Rupiah, Philippine Peso, Burmese Kyat, and Malaysian Ringgit have all depreciated sharply, resulting in factory closures, bank bankruptcy, and rising prices.
In August, Malaysia abandoned efforts to defend the ringgit.The normally strong Singapore dollar also took a hit.Although Indonesia was the latest country to suffer from Thailand's financial crisis, they were the hardest hit because of the instability of the country's currency system.
In late October, international speculators moved to Hong Kong, the international financial center, and pointed their finger at Hong Kong's linked exchange rate system.The Taiwan authorities suddenly abandoned the exchange rate of the New Taiwan dollar and depreciated by [-]% in one day, increasing the pressure on the Hong Kong dollar and the Hong Kong stock market.
On October [-], Hong Kong's Hang Seng Index fell sharply by [-] points. On October [-], it fell by [-] points. Hong Kong's Hang Seng Index fell below the [-]-point mark.In the face of fierce attacks from many international financial speculators, the Hong Kong Special Administrative Region Government reiterated that it will not change the current exchange rate system, and the Hang Seng Index rose, reaching the [-] mark.
In mid-November, financial turmoil also broke out in South Korea in East Asia. On the [-]th, the exchange rate of the South Korean won to the US dollar fell to a record [-]:[-]. On the [-]st, the South Korean government had to seek help from the International Monetary Fund, temporarily controlling the crisis.
On December [-], the exchange rate of the Korean won against the US dollar fell to [-]:[-].The Korean won crisis has also hit Japan's financial sector, which has large investments in South Korea.
In the second half of the year, a series of banks and securities companies in Japan went bankrupt one after another.Thus, the financial turmoil in Southeast Asia evolved into the Asian financial crisis.
And at the end of December [-], [-], many banks in the world, most of which were small banks like Berkali Bank, Daxing Commercial Bank, etc., announced on the world media that all these banks would be jointly reorganized into latest bank.Controlled by Dream Technology Group, all names were changed to Dream Bank.
Against the background of such fluctuations in Asia, such a bank reorganization is tantamount to adding fire to everyone's hearts.
In early [-], the Indonesian government was most affected by the financial crisis.So the Indonesian government had to borrow money from the fledgling Dream Bank.However, the [-] billion US dollars borrowed by Dream Bank did not have any positive impact on Indonesia's economy. Indonesia's financial turmoil resumed, even because Indonesia faced the huge debt of Dream Bank.They suffered the worst recession ever.
On January [-], the Indonesian government announced that it will implement a pegged exchange rate system in which the Indonesian rupiah and the US dollar maintain a fixed exchange rate to stabilize the Indonesian rupiah.But this move was unanimously opposed by the International Monetary Fund, the United States and Western Europe.The International Monetary Fund has threatened to withdraw aid to Indonesia.Even Dream Bank, which was relatively good at the beginning, began to exert force against the Indonesian government.Indonesia is in a political and economic crisis.
On February [-], the exchange rate between the Indonesian rupiah and the US dollar fell below [-]:[-].Affected by it, the foreign exchange market in Southeast Asia was in turmoil again, and the Singapore dollar, Malaysian ringgit, Thai baht, and Philippine peso all fell one after another.
On April [-], Indonesia and the International Monetary Fund reached an agreement on a new economic reform plan, and the Indonesian side once again borrowed [-] billion US dollars from Dream Bank.It is used to stabilize the domestic financial and currency markets.In Indonesia, in [-], the country's GDP was only US$[-] billion.This means that Indonesia has borrowed one-third of their country's property from Dream Bank.However, such a situation is also effective, because the Southeast Asian foreign exchange market began to calm down temporarily.
At this time, Japan's financial situation began to fluctuate. At the beginning of April, the exchange rate of [-] yen to [-] dollar was the lowest in history.Then, between May and June, the exchange rate of the yen fell all the way, once approaching the mark of [-] yen to [-] dollar.With the sharp depreciation of the yen, the international financial situation became more uncertain, and the Asian financial crisis continued to deepen.
And it was at this time that the US stock market began to falter and fluctuate along with the Asian economic crisis.
In early August [-], when the U.S. stock market was turbulent and the yen exchange rate continued to fall, Soros joined forces with more and more international speculators to launch a new round of attacks on Hong Kong.Hong Kong's Hang Seng Index has been falling to more than [-] points.The Hong Kong SAR government hit back, and the Monetary Authority used foreign exchange funds to enter the stock market and futures market to absorb the Hong Kong dollars sold by international speculators and stabilize the foreign exchange market at the level of [-] Hong Kong dollars to one U.S. dollar.And it was at this time that Dream Bank announced to the world to help Hong Kong stabilize its economy free of charge.Such a situation makes all American capitalists feel like they are eating shit.
At the same time, the central government in mainland China also began to take measures to regulate Hong Kong's economy.Although China's current economic situation is far inferior to the economic tycoons of the United States.However, the broad membership of the Chinese people and the unique political model give China unparalleled control over economic adjustments.
And after nearly a month of hard work, Soros and other financial tycoons suffered heavy losses, unable to realize their attempt to use Hong Kong as a super cash machine again.
At the same time, the Central Bank of Russia announced on August [-] that it would expand the floating range of the ruble-dollar exchange rate to between [-] and [-]:[-] within the year, and postpone the repayment of foreign debts and suspend the trading of national bonds.
On September 70.00, the ruble depreciated by [-]%.This caused the Russian stock market and foreign exchange market to fall sharply, triggering a financial crisis and even an economic and political crisis.The sudden change in Russia's policy has greatly hurt the vitality of international speculators who have invested huge sums of money in the Russian stock market, and has also led to severe fluctuations in the foreign exchange markets of the stock markets of the United States and Europe.If the Asian financial crisis was still regional before then, the outbreak of the Russian financial crisis shows that the Asian financial crisis has gone beyond the regional scope and has global significance.
Russia's strong stock market volatility is something that Soros and other economic tycoons on Wall Street did not expect.Russia's uncontrollable economy has caused serious economic turmoil in the economies of the world.At this time, Dream Technology Company announced that it would join forces with Tianping Quantum Fund to reorganize, cross-shareholding, and then go public in a local subsidiary.
And before that, in May 20.00.Dream Technology Group's Taobao and Baidu's two branches began to be listed on Wall Street.On the day of listing, Taobao and Baidu raised 1000 million shares, and the total [-]% equity of the branch reached [-] and [-] US dollars per share respectively.As a result, the total market value of Taobao and Baidu's two subsidiaries all exceeded the market value of [-] billion US dollars.Become a giant among Wall Street.At this time, the CEO of Dream Technology Group, that is, Yi'an's father, began to enter the eyes of the American chaebol group.
Because of the listing of Taobao and Baidu, the US stock market, which was originally affected by the Asian economic crisis, began to pick up.But it didn't warm up much either.Except for Taobao and Baidu, which are currently bullish, all other stocks are in green and have suffered dismal declines.
But at this time, because most of the capitalists' eyes are all involved in this economic crisis, there is no way to stop the growth of Dream Technology Group and the behavior of misappropriating money.But as everyone knows, it was because they didn't stop them that Yi An and the others were given a chance to develop.Because with Dream Technology Group and the strength of Tianping Quantum Fund.There is simply no way to gain a firm foothold in this financial turmoil.Because Yi An's analysis before was still too stingy.When facing it, Yi An and Paulson realized how magnificent and twists and turns this economic crisis is.
Because the [-] billion US dollars that Dream Bank helped Indonesia is already all the funds they can mobilize.So at this time, as a last resort, Yi'an began to list the company of Dream Technology Group to make money in the stock market.And in fact such a thing was immediately successful.Because the gloomy clouds in the US stock market have affected the US economy.Therefore, instead of stopping the actions of Dream Technology, the U.S. government praised them.Government support is also one of the conditions for the stock to skyrocket after the listing of Dream Technology's subsidiary.
And wait until the end of [-].At this time, the financial crisis that had lasted for nearly two years officially came to an end because the Russian stock market returned to normal.During this period of time, the Yi's consortium has entered the sight of the world's giants forcefully.It was even said that at the consortium meeting in [-], the name of Yi's consortium was already on the list.This is the first Chinese consortium in history.
On July 17.00, Thailand suddenly announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system.At this time, Soros and other arbitrage fund managers began to sell a large number of Thai baht, and the Thai foreign exchange market was immediately choppy and turbulent.On that day, the Thai baht fell all the way, and the exchange rate of the Thai baht against the U.S. dollar fell by [-]%. The foreign exchange and other financial markets were in chaos.The Thai government used [-] billion US dollars of foreign exchange reserves and [-] billion US dollars of international loans in an attempt to turn the tide.But this mere [-] billion US dollars of funds is like a drop in the bucket compared to the immeasurable international hot money, which is of no avail.Hurricane Soros quickly swept through Indonesia, the Philippines, Myanmar, Malaysia and other countries.The Indonesian Rupiah, Philippine Peso, Burmese Kyat, and Malaysian Ringgit have all depreciated sharply, resulting in factory closures, bank bankruptcy, and rising prices.
In August, Malaysia abandoned efforts to defend the ringgit.The normally strong Singapore dollar also took a hit.Although Indonesia was the latest country to suffer from Thailand's financial crisis, they were the hardest hit because of the instability of the country's currency system.
In late October, international speculators moved to Hong Kong, the international financial center, and pointed their finger at Hong Kong's linked exchange rate system.The Taiwan authorities suddenly abandoned the exchange rate of the New Taiwan dollar and depreciated by [-]% in one day, increasing the pressure on the Hong Kong dollar and the Hong Kong stock market.
On October [-], Hong Kong's Hang Seng Index fell sharply by [-] points. On October [-], it fell by [-] points. Hong Kong's Hang Seng Index fell below the [-]-point mark.In the face of fierce attacks from many international financial speculators, the Hong Kong Special Administrative Region Government reiterated that it will not change the current exchange rate system, and the Hang Seng Index rose, reaching the [-] mark.
In mid-November, financial turmoil also broke out in South Korea in East Asia. On the [-]th, the exchange rate of the South Korean won to the US dollar fell to a record [-]:[-]. On the [-]st, the South Korean government had to seek help from the International Monetary Fund, temporarily controlling the crisis.
On December [-], the exchange rate of the Korean won against the US dollar fell to [-]:[-].The Korean won crisis has also hit Japan's financial sector, which has large investments in South Korea.
In the second half of the year, a series of banks and securities companies in Japan went bankrupt one after another.Thus, the financial turmoil in Southeast Asia evolved into the Asian financial crisis.
And at the end of December [-], [-], many banks in the world, most of which were small banks like Berkali Bank, Daxing Commercial Bank, etc., announced on the world media that all these banks would be jointly reorganized into latest bank.Controlled by Dream Technology Group, all names were changed to Dream Bank.
Against the background of such fluctuations in Asia, such a bank reorganization is tantamount to adding fire to everyone's hearts.
In early [-], the Indonesian government was most affected by the financial crisis.So the Indonesian government had to borrow money from the fledgling Dream Bank.However, the [-] billion US dollars borrowed by Dream Bank did not have any positive impact on Indonesia's economy. Indonesia's financial turmoil resumed, even because Indonesia faced the huge debt of Dream Bank.They suffered the worst recession ever.
On January [-], the Indonesian government announced that it will implement a pegged exchange rate system in which the Indonesian rupiah and the US dollar maintain a fixed exchange rate to stabilize the Indonesian rupiah.But this move was unanimously opposed by the International Monetary Fund, the United States and Western Europe.The International Monetary Fund has threatened to withdraw aid to Indonesia.Even Dream Bank, which was relatively good at the beginning, began to exert force against the Indonesian government.Indonesia is in a political and economic crisis.
On February [-], the exchange rate between the Indonesian rupiah and the US dollar fell below [-]:[-].Affected by it, the foreign exchange market in Southeast Asia was in turmoil again, and the Singapore dollar, Malaysian ringgit, Thai baht, and Philippine peso all fell one after another.
On April [-], Indonesia and the International Monetary Fund reached an agreement on a new economic reform plan, and the Indonesian side once again borrowed [-] billion US dollars from Dream Bank.It is used to stabilize the domestic financial and currency markets.In Indonesia, in [-], the country's GDP was only US$[-] billion.This means that Indonesia has borrowed one-third of their country's property from Dream Bank.However, such a situation is also effective, because the Southeast Asian foreign exchange market began to calm down temporarily.
At this time, Japan's financial situation began to fluctuate. At the beginning of April, the exchange rate of [-] yen to [-] dollar was the lowest in history.Then, between May and June, the exchange rate of the yen fell all the way, once approaching the mark of [-] yen to [-] dollar.With the sharp depreciation of the yen, the international financial situation became more uncertain, and the Asian financial crisis continued to deepen.
And it was at this time that the US stock market began to falter and fluctuate along with the Asian economic crisis.
In early August [-], when the U.S. stock market was turbulent and the yen exchange rate continued to fall, Soros joined forces with more and more international speculators to launch a new round of attacks on Hong Kong.Hong Kong's Hang Seng Index has been falling to more than [-] points.The Hong Kong SAR government hit back, and the Monetary Authority used foreign exchange funds to enter the stock market and futures market to absorb the Hong Kong dollars sold by international speculators and stabilize the foreign exchange market at the level of [-] Hong Kong dollars to one U.S. dollar.And it was at this time that Dream Bank announced to the world to help Hong Kong stabilize its economy free of charge.Such a situation makes all American capitalists feel like they are eating shit.
At the same time, the central government in mainland China also began to take measures to regulate Hong Kong's economy.Although China's current economic situation is far inferior to the economic tycoons of the United States.However, the broad membership of the Chinese people and the unique political model give China unparalleled control over economic adjustments.
And after nearly a month of hard work, Soros and other financial tycoons suffered heavy losses, unable to realize their attempt to use Hong Kong as a super cash machine again.
At the same time, the Central Bank of Russia announced on August [-] that it would expand the floating range of the ruble-dollar exchange rate to between [-] and [-]:[-] within the year, and postpone the repayment of foreign debts and suspend the trading of national bonds.
On September 70.00, the ruble depreciated by [-]%.This caused the Russian stock market and foreign exchange market to fall sharply, triggering a financial crisis and even an economic and political crisis.The sudden change in Russia's policy has greatly hurt the vitality of international speculators who have invested huge sums of money in the Russian stock market, and has also led to severe fluctuations in the foreign exchange markets of the stock markets of the United States and Europe.If the Asian financial crisis was still regional before then, the outbreak of the Russian financial crisis shows that the Asian financial crisis has gone beyond the regional scope and has global significance.
Russia's strong stock market volatility is something that Soros and other economic tycoons on Wall Street did not expect.Russia's uncontrollable economy has caused serious economic turmoil in the economies of the world.At this time, Dream Technology Company announced that it would join forces with Tianping Quantum Fund to reorganize, cross-shareholding, and then go public in a local subsidiary.
And before that, in May 20.00.Dream Technology Group's Taobao and Baidu's two branches began to be listed on Wall Street.On the day of listing, Taobao and Baidu raised 1000 million shares, and the total [-]% equity of the branch reached [-] and [-] US dollars per share respectively.As a result, the total market value of Taobao and Baidu's two subsidiaries all exceeded the market value of [-] billion US dollars.Become a giant among Wall Street.At this time, the CEO of Dream Technology Group, that is, Yi'an's father, began to enter the eyes of the American chaebol group.
Because of the listing of Taobao and Baidu, the US stock market, which was originally affected by the Asian economic crisis, began to pick up.But it didn't warm up much either.Except for Taobao and Baidu, which are currently bullish, all other stocks are in green and have suffered dismal declines.
But at this time, because most of the capitalists' eyes are all involved in this economic crisis, there is no way to stop the growth of Dream Technology Group and the behavior of misappropriating money.But as everyone knows, it was because they didn't stop them that Yi An and the others were given a chance to develop.Because with Dream Technology Group and the strength of Tianping Quantum Fund.There is simply no way to gain a firm foothold in this financial turmoil.Because Yi An's analysis before was still too stingy.When facing it, Yi An and Paulson realized how magnificent and twists and turns this economic crisis is.
Because the [-] billion US dollars that Dream Bank helped Indonesia is already all the funds they can mobilize.So at this time, as a last resort, Yi'an began to list the company of Dream Technology Group to make money in the stock market.And in fact such a thing was immediately successful.Because the gloomy clouds in the US stock market have affected the US economy.Therefore, instead of stopping the actions of Dream Technology, the U.S. government praised them.Government support is also one of the conditions for the stock to skyrocket after the listing of Dream Technology's subsidiary.
And wait until the end of [-].At this time, the financial crisis that had lasted for nearly two years officially came to an end because the Russian stock market returned to normal.During this period of time, the Yi's consortium has entered the sight of the world's giants forcefully.It was even said that at the consortium meeting in [-], the name of Yi's consortium was already on the list.This is the first Chinese consortium in history.
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