The financial crisis swept the Southeast Asian countries, and the currencies of each country or region devalued one after another.

    For a time, the whole financial market has been shocked!

    Many enterprises and banks are facing the risk of bankruptcy.

    However, spokesmen from Southeast Asian countries and regions said they were not alarmed. It requires people to believe that the government will be able to restore the situation. Even the article said that many international speculators must regret the impact on their own and regional currencies!

    July 20.

    On this day, the head of Malaysia''s financial control department attended the ASEAN emergency summit and delivered a speech at the meeting.

    "Ladies and gentlemen, we can''t wait and see any more. We have to take action or it will be too late! Even in a critical situation, we can apply to the International Monetary Fund for assistance. "

    However

    The heads of state all over the world scoff at the speech of the representative of Malaysia.

    Although they know that the financial crisis sweeping Southeast Asia is very serious, they do not think that their country can not survive.

    The representative of Singapore said: "our Singapore dollar is strong, and the turbulence in the foreign exchange market is temporary. I think we have the ability to survive this crisis. So we don''t need the IMF to participate! "

    Philippine representative: "we are also opposed to applying for assistance from the International Monetary Fund. We are a big country, not a stupid Thai authority."

    Representative of Indonesia: "yes, don''t forget the Asian miracle we have achieved in these decades!"

    The confident and arrogant words of the representatives of various countries really made the representative of Thailand angry!

    What a bully!

    yes or no!

    Together, I''m the worst off family now, aren''t I?

    Yes, the representatives of various countries and regions are just watching the crowd.

    As for the devaluation of their own currency?

    Ha ha, small problem. This is just a normal market turbulence.

    Well, many of them think so!

    ...

    meanwhile.

    Zucker, who was watching the ASEAN conference news in Los Angeles, shook his head with disdain.

    "The miracle of Asia? But it''s just the illusion of prosperity driven by some policies. How can you take it seriously? "

    The so-called Asian miracle refers to the rapid growth of GDP and tax revenue in Southeast Asian countries and regions over the past decade, which has promoted the rapid economic growth of their own countries and regions.

    As a matter of fact, the foreign exchange policies of some Asian countries and regions have been extremely inappropriate in the past decade.

    In order to attract foreign investment, they maintain a fixed exchange rate on the one hand and expand financial liberalization on the other. For example, Thailand abolished the control of the capital market in 1992 just before its financial system was straightened out, making the flow of short-term funds unimpeded and forming the prosperity of the financial capital market.

    And this just provides conditions for foreign speculators to speculate on the Thai baht.

    At the same time, in order to maintain the fixed exchange rate system, Asian countries and regions use foreign exchange reserves to make up the deficit for a long time, which leads to the increase of foreign debt.

    "As we all know, in the case of large medium-term and short-term debts, once the outflow of foreign capital exceeds the inflow of foreign capital, and the country''s foreign exchange reserves are not enough to make up for the shortage, the devaluation of the currency of this country and region is inevitable."

    Zucker shook his head.

    "You are really confident, but I believe that you will be able to repent soon."

    .......

    It''s just what juke expected.

    In a few days.

    The currencies of all countries in Southeast Asia continue to depreciate madly, frightening the proud governments and regional authorities!

    International speculators, with their huge capital, have accumulated more than US $7 trillion in wealth, constantly impacting the foreign exchange markets of Southeast Asian countries.

    They are crazy to plunder the wealth of all countries and regions!

    In less than a week, countries and regions have lost huge wealth. There are billions of dollars in less areas, and even tens of billions of dollars in more areas!

    "How could it be?"

    "My God! These wealthier wolves are so cruel

    "The situation is completely out of control!"

    "The foreign exchange reserves of our countries and regions are totally unable to cope with these jackals and tigers!"

    "It''s over!"

    "Our foreign exchange market is over!"

    .......

    The authorities of Southeast Asian countries and regions have been dumbfounded. They were caught off guard by the runaway situation.

    July 31.

    On this day, the Malaysian government is the first to make a speech!

    "As our foreign exchange reserves are insufficient, we have decided to give up our efforts to defend the ringgit."

    Yes, the Malaysian government has counselled many international speculators.

    To give up protecting ringgit means that they have completely surrendered!

    On that day, the ringgit (Malaysian dollar) fell 7.8% against the US dollar. A group of international speculators, led by the five major Wall Street investment banks and quantum funds, are completely crazy today.

    "Boss, we''re making a lot of money!"

    Henry eugenberg, President of gale capital, said excitedly to Zhuke: "one day! In just one day, we made $30 million in the Malaysian foreign exchange market! "

    Henry has reason to be excited!

    The daily profit is US $30 million, which is not comparable to that of the five major Wall Street investment banks, but today''s profit is also the highest day for gale capital since the beginning of July.

    "Well!" Zucker nodded.

    Excited Zhuke, also can''t help but fiercely waved a fist.

    Zhuke is also proud of himself. Although he is a passer-by and knows something about the financial crisis, he doesn''t know much about it. After all, he didn''t work in the financial industry in his last life, and the system pretends to be dead completely. How can he not feel proud and proud that he can make today''s profits?

    The financial and foreign exchange market is changing rapidly. A fluctuation of one or two percentage points can ruin many people''s property. What''s more, today''s ringgit is down 7.8%.

    150 times leverage!

    This is also the first time in the Asian financial crisis that Zhuke manipulated with such a huge leverage.

    It turns out that Zhuke is right!

    A single day profit of $30 million, once things come out, enough to make Zhuke famous.

    "Although it turns out that I won, the risk is too big and I can''t stand it. Next, it''s best to play steadily."

    Judk murmured.

    In August, in the next ten days, a group of international speculators are frantically plundering the foreign exchange markets of Southeast Asian countries.

    After the fall of Malaysia''s foreign exchange market, the Philippines, Indonesia, Singapore and other countries with "alternative export-oriented economy" as the main, their foreign exchange markets fell one after another.

    Crazy devaluation of currency!

    The heads of Southeast Asian countries and regions said one after another: "the general situation has gone, and the situation is completely out of control!"

    It was not until the International Monetary Fund and the five permanent powers of the United Nations participated in it that the runaway economic situation in Southeast Asia was eased.

    But it''s too late!

    The only thing left to all countries and regions is a mess, a chicken feather!

    Within 45 days of the outbreak of the Asian financial crisis, financial institutions headed by Soros Quantum Fund made profits of more than US $2 billion;

    The profits of a number of capital investment banks and international speculators on Wall Street are also very considerable, with hundreds or tens of millions of dollars less and more than one billion dollars more; Of course, the five big Wall Street investment banks that make a lot of money behind quantum funds make more profits than quantum funds.

    Among many international speculators, Zhuke''s gale capital is a small shrimps.

    But, who let Zhuke be a passer-by?!

    Relying on the advantages of foresight, Zhuke made a lot of profits by using high leverage on several key nodes.

    In 45 days, Fengfeng capital made a profit, totaling 260 million US dollars!

    Looking at the financial report in hand, Zhuke said: "this is just the first wave of the Asian financial crisis."

    "You know, in the original history of time and space, the financial crisis lasted for more than a year. Xiangjiang and curved market, in the spirit of a red heart, I will not participate. However, in the operation of yen and won, nothing has to be said. "

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