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Chapter 722: Currency War

There is no chance of revenge, so that's all. 【

After all, ten years is not too late for a gentleman to take revenge.Could it be that he knew that he couldn't win, but he ran to die.Although such a spirit is heroic, it is not worth advocating.Now that there is an opportunity, He Chong will miss it.

"I don't know, Mr. Soros, are you interested in sniping the Canadian dollar?"

Of course, if He Chong could tell, he knew that Soros must be interested.

The speculative god who once sniped the British pound, sniped Thailand and..., facing the Canadian dollar, sniping other countries' currencies, which is honorable and passionate, will be Soros' lifelong pursuit.Let me ask, what could be more exciting than this?

Moreover, today's Tang Dynasty Quantum Fund is larger than the previous Quantum Fund.

"Haha, this idea is quite good, I think we can have a good talk."

Soros deserves to be Soros, even though he is old now, he is still as brave as he was then.

However, think about it too.

We know that Soros emphasized in the media more than once.Don't say anything moral to me, and don't say anything ethical to me.It is not my fault to attack the currency of any country, and I will not feel any guilt. I just use the currency rules of various countries to do things: if your currency has no loopholes, then I will have nothing to do.

"Ha ha……"

He Chong laughed, and the two threw themselves into a secret discussion.

Three days later, the two of them finished their discussion: the reason why they spent so much time formulating strategies was that it was not easy to attack a country's currency.In particular, for the current world currency system with such a complete economic system, it is much more troublesome to snipe the Canadian dollar than to snipe the British pound or Thailand.

Of course, even if the two have conspired and agreed to end it.However, the Tang Dynasty Quantum Fund did not start to act.

Before the official attack, the Tang Dynasty Quantum Fund still needs to do some preparatory work.

The so-called soldiers and horses have not arrived, food and grass go first.

The bread and butter of the financial market is money.

How can a financial war be fought without funds?

Therefore, in the following time, Tang Dynasty Quantum Fund prepared several accounts.Moreover, for the success of the sniping this time, without any surprises, and in order to bring down Canada in one fell swoop, the Tang Dynasty Quantum Fund and even the funds in the stock market have also withdrawn some funds.

For half a month, all the funds were fully prepared.

"Okay, let's release the news first..."

Although the quantum capital of the Tang Dynasty is huge, it still can't compete with the whole of Canada.To complete this task outstandingly, then, at the beginning, it is necessary to create a great trend in the financial market.As long as this momentum is achieved, then... the hot money scattered all over the world, they will all rush in as if smelling blood.

Almost at the same time, a piece of news suddenly appeared in major media around the world, "The Canadian government wants to devalue the Canadian dollar to resist economic sanctions against China."

As long as a country's currency does not depreciate significantly, it is beneficial to the country's exports.Because the Canadian dollar has depreciated, foreigners only need to spend less money to buy Canadian goods.

The media pointed out that prior to this, the Canadian government had engaged in fierce economic confrontation with the Chinese government.Although Canada has successfully resisted the invasion of Chinese goods, this has also forced most of Canada's resources to be sold to other countries.However, at this time, how can countries have so much money to buy their resources.In order to maintain the development of the Canadian economy, the best way for the Canadian government to implement is to promote the relative depreciation of the Canadian dollar.

This report has a nose and an eye.At the same time, it also cooperates with several foreign exchange market charts.In the foreign exchange chart of Canada and the U.S. dollar, we can clearly see that in three days, the market sold 100 billion Canadian dollars in one breath. Who has the strength to short sell 100 billion Canadian dollars in three days? The central bank, it is estimated that no one has.

Therefore, this piece of seemingly unfounded news immediately attracted the attention of economists around the world.

Many economists strongly criticize the Canadian government's monetary strategy. They believe that "during the global economic crisis, governments should consider how to improve the economic environment and increase employment levels. Instead of using the monetary system, in order to promote a temporary recovery of the economy: if In this way, then, there will be a number of foreign exchange wars in the world."

This sentence makes a lot of sense, Canada can devalue the dollar, shit, I'm yen"dollar"euro"

... Also depreciate, as long as it does not depreciate significantly.At that time, our products will be very cheap, and our international competitiveness will definitely be much greater.If this continues, such a foreign exchange war will only make the world more and more trapped in the quagmire of the economy, causing the purchasing power to drop instantly.

After all, although depreciation makes one's own things sell relatively cheaply.However, when the domestic currency depreciates, it also means that it becomes more expensive to buy foreign goods.Originally, I could buy a car with 4 yuan, but now it has depreciated. Damn it, I have to spend [-] yuan.I'm cheating, I won't buy it.

Naturally, such a foreign exchange war will not help the recovery of the economy much: on the contrary, if all countries act like this, the economy may not recover in ten years.Even, entering a more serious economic crisis... Mathematicians emphasize that Canada's currency strategy is tantamount to playing with fire.

However, just when the majority of economists around the world criticized the Canadian government substantially.The Canadian government has publicly stated that they have no intention of depreciating the Canadian dollar. On the contrary, they believe that a stable Canadian dollar is more conducive to Canada's economic development.The reason why the "Canadian dollar" fell rapidly in the foreign exchange market was entirely caused by market fluctuations, not by the Canadian government.

However, after the Canadian government publicly explained, the market did not appreciate it.

Almost at the same time, a huge amount of Canadian dollars was thrown out in the foreign exchange market.

Because of this, such news instantly took over the interpretation of the Canadian government.Many viewers and spectators believe that the Canadian government has already decided on the strategy for the fragile value of the Canadian dollar.The reason for explaining now is just that I don’t want Canada to be involved in the foreign exchange battles of countries all over the world.

Unfortunately, so what.The devaluation of Canada has definitely hurt the interests of all countries in the world: many economists also believe that, perhaps, governments around the world are still watching: if the Canadian dollar depreciates hugely, then they will adopt a unilateral devaluation strategy against Canada : If this is the case, Canada will become the public enemy of all countries in the world.

"Smash it, smash it hard for me."

Naturally, it was not the Canadian government that shorted the Canadian dollar, but the Tang Dynasty Quantum Fund: under the strategy of He Chong and Soros, the Tang Dynasty Quantum Fund had already created a general trend of Canada's depreciation at the beginning.Moreover, the strategy of shorting the Canadian dollar with huge sums of money made the Canadian dollar depreciate come true.Such a strategy has quickly attracted hot money from around the world.

Now, a lot of hot money has followed Tang Dynasty Quantum Fund to short sell Canadian dollars in the international foreign exchange market.

"Awesome. I never thought that harnessing the power of the media could be so effective."

In the past, Soros launched the financial war and always acted in secret.There is no other reason for this. I am afraid that the governments of various countries will wake up and their own strength will not be enough to fight against them.However, today's Tang Dynasty Quantum Fund is not what it used to be, and it is backed by the huge media of Tang Dynasty Company.A piece of fabricated news has already aroused terror among the people all over the world.

Under such circumstances, even those funds that never want to move feel the rolling profits in the foreign exchange market.No, they have already participated in it: "The power of the media is naturally terrifying, otherwise, how could the Tang Dynasty Company be so brilliant."

The most powerful strength of Tang Dynasty Company is the formation of a global Internet.In this network, Tang Dynasty Company can spread almost any matter to the whole world.As a result, Tang Dynasty Company will be able to achieve great success when it releases various series of products in the future.

Some experts pointed out that if all countries in the world are disconnected from the Internet.Users can still access the local area network established by Tang Dynasty Company around the world.And in this area network, you will find that it is the same as the Internet..."There is no difference. Because most of the content you access on the Internet is the product of Tang Dynasty Company.

Like instant messaging, you have to use Tang Dynasty Bu.

For search engines, you have to use Baidu to answer.

For community entertainment, you have to use Renren.com.

For video playback, you have to use Tang Dynasty Video.

Similarly, for online games, you have to play products produced by Tangchao Network: such a local area network is simply a real Internet.Therefore, the Tang Dynasty Quantum Fund will attract the whole world just through the Tang Dynasty network.At the same time, the hot money scattered around the world has also kept up with the rhythm of the Tang Dynasty Quantum Fund.

"Strange."

At this time, for some reason, He Chong suddenly felt that something was wrong.

"how?"

Soros asked aside.

"Wait... let me think about it."

After a while, He Chong remembered it, and hurriedly said, "I was wondering why the Canadian government didn't fight back yet?"

At present, in the global foreign exchange market, Tang Dynasty Quantum Fund has substantially short-sold the Canadian dollar...By the way, some hot money who saw the benefits are also dispatched at this time: just strange, it stands to reason, in order to maintain the stability of the national currency , Canada should abandon the US dollar and buy back its own currency.But why, the current Canadian government just held a small press conference, just saying that they didn't do it.

In addition, in the foreign exchange market, the Canadian government did not take any action.

This is also the reason why He Chong couldn't figure it out.

"Could it be that the Canadian government really wants the Canadian dollar to be fragile?"

"Yes, you are right."

Soros stood aside and directly affirmed.

"What, how is it possible?"

"Nothing is impossible. According to the survey data, our actions in the foreign exchange market have already caused the relative depreciation of the Canadian dollar in disguise. In the past few days, the Canadian dollar's export rate has also increased rapidly due to the relative depreciation of the Canadian dollar. It is undoubtedly a good thing for them to increase by 3 percentage points."

Soros said not only slowly.

"So that's how it is:" He Chong nodded, scolding himself secretly, all he remembered was killing and crippling Canada.Ya forgot that the relative depreciation of the national currency is indeed of great benefit to the country's exports.It can be said that as long as the national currency does not depreciate significantly, then the governments of various countries will not intervene more.

Today's Tang Dynasty Quantum Fund just happened to help Canada.

Naturally, the Canadian government will not do more.

"It would be wonderful if that was the case."

He Chong was overjoyed after hearing Soros' explanation.In his strategy with Soros, they were ready to fight the foreign exchange war with the Canadian government at the very beginning, but unexpectedly, Canada now thinks that they are helping them.

This is really great news.

"Yes, that's really good news."

Soros, like He Chong, is very happy and worried in his heart: because the later the Canadian government takes action, the more passive he will be.At that time, as long as the Tang Dynasty Quantum Fund attracts all the hot money in the world.Even if the Canadian government wants to do its best to save it, it is impossible.Now that they have given the Tang Dynasty Quantum Fund a chance, then... dude, it’s time to have a better time. "Release the news, attract hot money from all over the world, and vigorously short the Canadian dollar."

It would be all too easy to devalue the Canadian dollar, which can be bought and sold directly.As long as there is a consortium, he will continue to short Canadian dollars in the foreign exchange market.Then, the Canadian dollar will continue to depreciate.Of course, the first thing is to have a strong consortium.

If not, selling hundreds of millions to billions in this way is nothing compared to the huge foreign exchange market.

"It's the boss..."

With an order, various members of the Tang Dynasty Quantum Fund launched a series of operations.

In the following days, the Canadian dollar began to weaken and continued to decline.

Although, such a depreciation rate is not very large.

However, he started a continuous ups and downs.

Just like in stocks, plummeting is not scary, what is afraid of is continuous falling.Because, under the plunge, there must be a surge.Only the continuous decline is the real decline.And the bear market in the market does not occur during the plunge, but as it is now, the continuous decline.

This and yin fall, like drizzle drifting by, although it is not heavy, but it is continuous and never stops.

Such a decline can make anyone wait without hope.

The Tang Dynasty Quantum Fund aims to create such an effect.

With the support of huge funds, Tang Dynasty Quantum Fund has been short-selling the Canadian dollar. Affected by this, internationally renowned fund companies, such as Tiger Fund, Morgan Stanley, JPMorgan Chase, Citibank, etc., because they saw the Canadian dollar , the continued depreciation, finally joined the pace of short selling the Canadian dollar.

Because, for them, shorting the Canadian dollar can allow them to obtain more than huge benefits.

So far, Tang Dynasty Quantum Fund has successfully attracted the attention of global hot money.

Whether it is a fund company that originally speculated on foreign exchange, or a fund company that did not speculate on foreign exchange: as long as they have a little financial common sense, they all know that with the current trend of the Canadian dollar, it will depreciate significantly at any time.At this time, there is no need for the Tang Dynasty Quantum Fund's order... All of them chose to short the Canadian dollar.

Almost overnight, when Canadian citizens woke up from Kiyosato.With a good mood, go to the company to work, or when you are exercising.Here is the latest news in the international foreign exchange market.The "Canadian dollar" in the international foreign exchange market was attacked by international hot money, and the Canadian dollar depreciated rapidly.

Perhaps, for ordinary people, they don't know what such news means: but when they choose to go out to buy.Especially when buying imported items, they found out.Items that could have been bought for 10 dollars now cost 12 dollars.

In other words, the Canadian dollar has depreciated significantly by 20%.

20% depreciation strength: Although 20% is not very bad, but the 20% depreciation has sent a bad signal to the Canadian government. At this time, the Canadian government issued a notice to the international community, "In order to maintain the Canadian dollar... The trend is stable, and the Bank of Canada is preparing to use the foreign exchange reserves of the country to withdraw Canadian dollars by a large amount...: "The specific operation method is to sell US dollars and buy back Canadian dollars.

Because only in this way can the stability of the Canadian dollar be maintained and it will not continue to depreciate.

You know, if the Canadian dollar is overvalued in a large area, causing deflation, it will be in big trouble.

Often, deflation is harder to manage than inflation.Because although inflation is terrible, generally speaking, if the country really wants to be governed, it can be controlled within two or three years.However, the impact of deflation is directly the decline in purchasing power: sometimes, decades of mining cannot restore the nationals.

Therefore, many countries would rather inflation than deflation.Just like China in later generations, on the one hand, the country does not want him to inflate, so it shrinks money from time to time.On the other hand, however, they also know the dangers of deflation.Often after collecting it, they immediately open their mouths to release food.

It's a pity that the Canadian government acted too late, too late.

When the Canadian government used the foreign exchange reserves they had accumulated for decades, it suddenly discovered that compared with them, their own reserves were so pitifully low in the face of the huge amount of hot money in the world.Even, within 24 hours a day, the Canadian government spent 1000 billion U.S. dollars, but it still couldn't save the depreciating domestic currency: even, under such circumstances, it also aroused the susceptibility of all hot money.

Because they have long been involved in the strategy of short-selling Canada Cloud.Once the Canadian dollar appreciates, all their initial funds will be wiped out.For their own profits and for their own financial security, the global hot money is doing their best this time, and they want to suppress the Canadian dollar.

The currency war has already started, whether the Canadian dollar will be completely finished, we will wait and see:. ! .

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