The rise of a great power: starting with military industry

Chapter 973
At the beginning of the year, the Indonesian financial crisis re-emerged.

Faced with its worst economic recession in history, the International Monetary Fund's prescription for Indonesia has failed to achieve the expected results.

On February 2, the Indonesian government announced that it would implement a pegged exchange rate system between the rupiah and the US dollar to stabilize the rupiah.

This move was unanimously opposed by the International Monetary Fund, the United States and Western Europe. The International Monetary Fund threatened to withdraw its aid to Indonesia.

Are you kidding? Indonesia has no foreign exchange reserves, so why does it still need to peg to the US dollar?

Who gives Indonesia the courage? !
Fish Leong?
Indonesia suddenly fell into a major political and economic crisis.

On February 2, the exchange rate of the Indonesian rupiah to the US dollar fell below 16:10000.

Affected by this, the Southeast Asian foreign exchange market was turbulent again, with the Singapore dollar, Malaysian ringgit, Thai baht, Philippine peso and others all falling.

It was not until April 4 that Indonesia reached an agreement with the International Monetary Fund on a new economic reform plan that the Southeast Asian foreign exchange market calmed down.

而日本此时苦不堪言，日元汇率从1976年6月底的115日元兑1美元跌至1998年4月初的133日元兑1美元，日元汇率一路下跌，很快跌到了150日元兑1美元的关口。

With the sharp depreciation of the Japanese yen, the international financial situation has become more uncertain and the Asian financial crisis continues to deepen.

The international speculators who are stirring up trouble have once again launched an attack on Hong Kong's financial market, intending to defeat Hong Kong's financial market and thus take over the fat piece of meat in Hong Kong.

In the eyes of international speculators, even Japan, which has the largest foreign exchange reserves and the world's second largest economy, cannot withstand their attack, let alone Hong Kong!
Suddenly, a big battle broke out in the Hong Kong stock market again!
International speculators are selling large amounts of short stocks with the intention of breaking through 10000 points. The lower the better. This is something that many investors understand.

However, international speculators found that a large amount of funds entered the market and continuous orders were placed, which managed to stabilize the index at 10000 points.

The international speculators tried to launch several fierce attacks and found that it was completely futile because this force was extremely powerful.

What’s even more frightening is that with the continuous influx of funds, the Hang Seng Index actually began to rebound.

Faced with the attack from international speculators, more than a dozen banks including Hong Kong Bank, Standard Chartered Bank, Hong Kong Construction Bank, Hong Kong Commercial Bank, Hong Kong Development Bank, and Hong Kong Everbright Bank have carried out reverse stock repurchases.

Hong Kong Properties, Hong Kong Airlines, Hong Kong Electric Power, Hong Kong Communications, Hong Kong Television, etc. have all started reverse repurchases, or a large amount of funds have entered the market to sweep up their own stocks on the stock market.

There is also a large amount of funds used to acquire shares of high-quality assets such as Cheung Kong.

Office buildings, villas and properties were bought up like fallen leaves in the autumn wind.

One listed company after another rose against the trend, and the Hang Seng Index soon broke through 11000 points.

By this time, international speculators were already terrified. The Hang Seng Index rose to 11000 points, and everyone would lose a lot of money.

When international speculators were panicking, the Hong Kong government took action again.

The Hong Kong government has acquired a number of old and dilapidated areas and will renovate and develop them into low-rent housing to improve the living environment of Hong Kong citizens.

Hong Kong's housing prices fell to the level of 1990, which was a very severe drop. International speculators were speculating that Hong Kong's property market was going to collapse, but who could have imagined that such a large amount of funds would appear and stabilize Hong Kong's property market.

The entire Hong Kong stock market is as stable as a rock.

Faced with massive amounts of funds that seemed like a bottomless pit, international speculators were terrified. Knowing that the situation was hopeless, they abandoned their weapons and fled.

Soros suffered heavy losses in this battle, and international speculators also suffered heavy losses.

After Soros and international speculators paid their bribes, Liu Tao did not make things difficult for them because what he had been waiting for happened.

It happened almost simultaneously in Thailand, Malaysia, Indonesia and the Philippines.

The whole of Southeast Asia seems to have suddenly become a mess!

Thailand.

International speculators defeated Thailand's financial markets, causing Thailand to suffer heavy losses.

The opposition party attacked the ruling party, believing that it was the ruling party that handled the situation improperly, was close to Europe, the United States and Japan, and cooperated with Europe and the United States to cause this economic crisis, forcing the ruling party to apologize, step down and give up power.

The ruling party is unwilling to do so and is directing the conflict towards Chinese businessmen in an attempt to divert the conflict. It was just a war of words at first, but such a big conflict cannot be solved by just a war of words.

All of a sudden, everything became chaotic.

Facing the mob, the guards showed no mercy.

"Da da da~~" the machine gun flames spewed out.

The mob that wanted to storm the villa were beaten into pieces in an instant.

The guards quickly converted their reserve forces into regular troops to protect themselves.

The crisis at this point is already very obvious.

If I don't resist, I will be at the mercy of others!
Only by resisting and arguing with reason can we create a new world!
The guard team acted quickly and took control of the villages, districts, and counties where they were located!

The ruling party then realized how big a hornet's nest it had stirred up.

For a time, war broke out everywhere and all kinds of bad news kept reaching Bangkok.

There was also a military coup in the army. The military has been dissatisfied with the current ruling party for a long time. After all, military spending has been cut every year. How could the military not be dissatisfied?

Besides, the ruling party’s brains are rusty and have been brainwashed by Europe and the United States.

They thought that with freedom, democracy and open financial markets, they could become a developed country like Europe and the United States.

They didn't even look at the actual situation, and ended up letting a wolf in, which severely damaged the Thai economy.

This immediately triggered all kinds of conflicts.

Another military coup in Thailand! ?
There was almost no international coverage of the incident because Thailand had long been under military dictatorship since World War II, and military coups were commonplace.

The current ruling party has only been in power for two years.

Faced with the military coup launched by the military, the ruling party panicked and organized the Thai people to take to the streets to oppose military rule.

This time, the military chose a bloody crackdown.

"Bang~~" The soldier fired without hesitation, and the bullet hit a young man.

"Da da da~~" The machine gun mounted on the pickup truck kept firing.

This scene was filled with blood.

In just a few days, the situation got completely out of control.

Officials of the ruling party were dragged out by soldiers, dragged onto the streets and shot.

Even if someone fled to the embassies of European and American countries, soldiers broke in and forcibly dragged them away, or even shot them directly at the door of the embassy.

This time the crackdown was even bloodier than before.

Anyone who dared to resist was brutally suppressed.

Even the royal family could not remain unscathed in this catastrophe.

No one expected that the financial crisis would cause such a heavy blow to Thailand, not only severely damaging the Thai economy, but also triggering conflicts within Thailand.

A small part of the ruling party fled to the United States and formed a government in exile. They accused the military at the top of their lungs in the international arena, cursed the military for trampling on democracy and freedom, and begged Europe and the United States for help.

However, apart from accusations, Europe and the United States refused to send troops to Thailand. After all, if they did send troops, it would be useless without more than 100,000 people, and then they would most likely be stuck in the quagmire of war.

(End of this chapter)