The rise of a great power: starting with military industry

Chapter 969 Soros

new York.

Wall Street!
Wall Street is the name of a large street in the southern part of Manhattan, New York City, extending from Broadway to the East River. It is only one-third of a mile long and 11 meters wide. The street is narrow and short, with only 7 blocks from Broadway to the East River, but it is famous as the "Financial Center of the United States".

The management offices of banks, insurance, shipping, railways and other companies opened by the Morgan financial group, Rockefeller oil tycoon and DuPont consortium in the United States are concentrated here.

The famous New York Stock Exchange is also here, and it is still the headquarters of several major exchanges: such as NASDAQ, American Stock Exchange, New York Mercantile Exchange, etc.

Wall Street is not just a street, it is a financial market and financial institution that has an impact on the entire US economy!
Quantum Fund is a very famous fund on Wall Street and is sought after by investors.

Soros sat in the office of Quantum Fund, appearing very relaxed and calm.

He targeted the weak points of Southeast Asian countries and shorted the Thai baht, triggering the Southeast Asian financial crisis, which made him famous all over the world again.

"BOSS, everything is ready for Xiangjiang's work, and the major Wall Street institutions are also fully prepared. Just waiting for your order, Xiangjiang's finance will plummet in response!"

Soros nodded and said, "Hong Kong has the world's third largest foreign exchange reserves. Obviously, we can't deal with it like we did with Thailand, the Philippines, and Malaysia. So our initial target is not the Hong Kong dollar, but the Hong Kong stock market!"

"We have set up traps in many places in the foreign exchange, stock and futures markets and are able to move around flexibly. The Hong Kong government will not be able to cope with it anyway, so Hong Kong will become like Southeast Asia." The assistant said optimistically.

Leon is a top student at Harvard University in the United States. His greatest admirer is Soros, so he joined the Quantum Fund right after graduation and now serves as Soros' assistant.

In the United States, today’s elites are unwilling to be engineers, unwilling to engage in scientific research, and even less willing to work in factories.

Because none of these make money!

The first choice of the elites is to go to Wall Street to work in finance, because this is the most profitable, or to become a lawyer or doctor. Whether being a doctor or a lawyer, both are very profitable and have a very high social status.

Like Lyon, he received a salary of $10 in his first year at Quantum Fund, plus investment income, which amounted to more than $, a salary far exceeding that of most American university professors.

As of now, Lyon's total salary income last year exceeded 100 million US dollars, making him a millionaire.

This year, due to the Southeast Asian financial crisis, Lyon reaped great rewards. With a wave of Soros's hand, Lyon's income so far this year has exceeded 400 million US dollars.

As long as we do a good job in Hong Kong, it is not impossible for the total revenue to reach 800 million US dollars this year.

Of course, Leon knew that what he earned was just a small portion, which was insignificant compared to his boss Soros.

Soros has earned more than $40 billion from the entire Southeast Asian financial crisis to date, and this is his personal gain alone.

It is conceivable how much money the international hot money made from this victory!

International hot money has taken away the hard-earned money of Southeast Asian countries over the past decade.

And now, their target is the big fat piece of meat, Hong Kong, the international financial center.

As long as they can take a bite of the big piece of fat meat in Hong Kong, their profits will definitely exceed those in Southeast Asia.

Soros shook his head and said, "We can't deal with Hong Kong in one fell swoop. We need to attack Hong Kong multiple times to really bring about its financial collapse. Of course, I am very confident that Hong Kong is still the 'cash machine' of our Wall Street!"

"It would be great if the Hang Seng Index in Hong Kong had not continued to fall in the past three months, and if the Hang Seng Index in Hong Kong was still at a high level of 17000 points!" Soros said with some regret.

He was a little confused. They hadn't taken any action against Hong Kong yet, so why did Hong Kong's stock price continue to fall since August 8?
In the end, we can only believe what the experts say. Perhaps Hong Kong’s economic ties with Southeast Asia are too close, and it has been affected by the severe blow to the Southeast Asian economy.

Soros has forgotten that if the words of experts can be believed, even mother trees can be grown. Is there any economist in the world who has become a billionaire?

No!

Which economist in the world doesn’t lose money in stock trading?!

Very few, extremely rare!
In late October, international speculators moved to Hong Kong, an international financial center, and targeted Hong Kong's linked exchange rate system.

On October 10, Hong Kong's Hang Seng Index fell 23 points.

On October 10, Hong Kong's Hang Seng Index fell another 28 points, falling below the 1621.8 point mark.

Faced with the fierce attack from international financial speculators, the Hong Kong government reiterated that it would not change the current exchange rate system. The Hang Seng Index rose and once again exceeded the 10,000-point mark.

International hot money tried to attack several times, but found that it could not defeat Hong Kong Finance in one fell swoop, so it had to turn its guns around and head north to East Asia, Japan and South Korea.

Faced with the aggressive international hot money, South Korea was the first to be unable to withstand it and a financial crisis broke out. On November 11, the exchange rate of the Korean won against the US dollar fell to a record 17:1008, and the Korean won plummeted.

On November 11, the South Korean government had to seek assistance from the International Monetary Fund and temporarily controlled the crisis.

But on December 12, the exchange rate of the Korean won to the US dollar dropped to 13:1737.60!

The Korean won crisis also hit the Japanese financial industry, which had large investments in South Korea. Coupled with the impact of international hot money, a series of Japanese banks and securities companies went bankrupt one after another. Japanese companies had to withdraw funds from overseas and return to Japan. This marked the evolution of the Southeast Asian financial crisis into the Asian financial crisis.

At this time, whether in Southeast Asia, Hong Kong, Japan or South Korea, the media's spearheads are directed at the United States, at Wall Street in the United States, and criticize Wall Street.

But it was useless because the Asian financial crisis was exactly what the United States wanted to see.

The fundamental purpose is to completely open up the entire Asian financial market so that American capitalists can invest freely without any restrictions.

American capitalists are all old-fashioned capital, and Asian finance is like a three-year-old child in front of them. So what seems to be just open investment is actually no less than direct plunder.

According to mainstream media and financial institutions in Europe and the United States, this is because the financial markets in Southeast Asia, Japan and South Korea themselves have loopholes and are not open enough, and should be conducted in accordance with European and American standards.

International hot money has not given up its preparations for Hong Kong. While attacking the Japanese and Korean financial markets, it is also keeping a close eye on the Hong Kong dollar. They also spend money to spread unfavorable news in the media and collude with local financial institutions in Hong Kong.

International capital has always been advocating that capital has no borders and the purpose of capital is to make money.

As for the motherland, it does not exist for capital.

This kind of argument naturally also affects some people.

Liu Tao was always paying attention to the situation in Hong Kong. When he saw the unfavorable news and the actions of some financial institutions, he couldn't help but sneer.

There is no shortage of traitors in any era!

These traitors have very weak knees and spines, lacking calcium! They kneel down and bend over at any time, and take the initiative to act as guides.

These traitors are also one of the targets he wants to purge this time.

(End of this chapter)