Coquettish Rebirth
Chapter 1506 The Financial Crisis Strikes Twice
Before Soros attacked Hong Kong, I have to mention the large number of "piranhas" who followed Soros.After these international speculators saw that Soros attacked Southeast Asia, and after Southeast Asia had not come up with any good way to deal with this attack, a group of organized and unorganized international speculators moved to Southeast Asia for a while, thus attacking Soros. Before Hong Kong, it brought a second invasion to Southeast Asia!
The first to be recruited was the Philippines, which was once a vassal of the United States. In the previous attack, its Philippine peso had depreciated by about 20%.On the second day after Boss Zhu spoke at the Hong Kong-Hong Kong meeting, the Philippine stock market was hit hard by international speculators—the Philippine stock composite index fell by more than 200 points in one day, and finally closed at 2.846 points, creating a two-year high All-time low.On the third day, neighboring Malaysia was also attacked, and the exchange rate, which had finally stabilized, was hit again.The exchange rate of the Malaysian ringgit against the US dollar fell further, and the exchange rate of 1973 ringgits to one US dollar at the close of the market created the lowest point since [-]!
Also on the third day, the Philippine stock market continued to fall, and broke through the psychological line of 2000 points in one fell swoop, closing at 4 points, creating a new low in 1990 years!On the fourth day, Soros, who had not fully launched his attack on Hong Kong, started a firepower reconnaissance of the Korean financial market in advance, hitting the Korean won to the lowest point since the implementation of the market exchange rate in 3125 in one fell swoop!On the same day, the situation in Indonesia also began to deteriorate along with the deterioration of Malaysia's economic situation, and the Indonesian rupiah fell to a record low of 1 against the US dollar.
fifth day.The Philippine peso fell to a record low of 1 pesos to the US dollar. The Philippine government had no choice but to announce restrictions on the floating range of the peso exchange rate, and announced that it would begin to crack down on its domestic financial speculation!
On the sixth day, Soros officially attacked Hong Kong, causing the Hong Kong-Hong Kong Interbank Offered Rate to soar to 300% overnight, and the Hang Seng Index and Futures Index fell by 1000 points within three days!All of a sudden, the whole Hong Kong was filled with mourning!When Boss Zhu spoke before, Hong Kong people were still thankful that their market had resisted Soros' attack, but they never expected that after Boss Zhu left Hong Kong, it would be within a week.Hong Kong suddenly had a double sky of ice and fire!
And it's not just Hong Kong who is unlucky!While making waves in Hong Kong.Soros began to conduct firepower reconnaissance in South Korea while suppressing the Korean stock market, and he started firepower reconnaissance in Japan!On the seventh day, Kyoei Bank in Tokyo, Japan declared bankruptcy due to insolvency.The bank plans to complete debt settlement before October 1998, 10.And will hand over all clients to the well-connected Happy Bank.
ninth day.South Korea's composite stock price index fell below the 600-point mark and fell to 582.13 points, which also created the lowest point in South Korea since 1992!tenth day.The exchange rate of the Taiwan dollar in Taiwan fell sharply against the US dollar, creating the lowest exchange rate in 10 years!
This series of changes was like a set of combined punches, which directly stunned the leaders of many countries and regions in Asia!You must know that everyone expressed confidence that the financial crisis has passed, especially Mr. Zhu and others, so don't feel too good at that time!After all, judging from the historical records, this general attack by Soros only lasted for a month or two!But who knew, Soros actually came to the second round now, and seeing that it was really the same as what Jia Hongjian said, Hong Kong, Taiwan, Japan and South Korea were all included in it!This reminded Boss Zhu of the scene that Jia Hongjian predicted before - because a large number of domestic "foreign capital" fled, leading to stagnation of domestic economic development, and at the same time facing economic transformation and transformation of state-owned enterprises, coupled with unfavorable exports, domestic demand has increased. If it doesn’t come up, the final result is that China’s economy is likely to stop growing, which is rare!
At this time, Boss Zhu called Jia Hongjian in one phone call. During the phone call, he didn't have time to apologize to Jia Hongjian or anything, so he could only ask Jia Hongjian anxiously, "Hongjian, look Will it stabilize within a month or two? Our central government has almost decided to rescue Hong Kong!"
"The next one or two months? Difficult, it is estimated that in January 98, it may be stable for a while, but in 1, will those international speculators who follow Soros to drink soup mix in and continue to clean up Hong Kong, Taiwan, Japan and South Korea? I don't know!" Jia Hongjian replied as conservatively as possible.
But even if his answer is very conservative, it is still hard for Boss Zhu to accept! "What? It might last another year?" he asked in surprise.Obviously, in his opinion, if the external financial turmoil lasts for a year, this country will really be in trouble!After all, this is not a time when there are no problems in the country. This is a time when there are internal worries in the country. When encountering foreign troubles, the problems that may be caused are quite large!
"We have to think about the worst, don't we? It would be best if we could stop within a month or two, but what if we can't? What if it really needs to last for a year? We can't just focus on the end of one or two months Make a plan, and have no preparations for a year?" Jia Hongjian asked helplessly.After Boss Zhu heard this, there was a long silence.Indeed, as Jia Hongjian said, when faced with such a situation, one must be prepared for the worst, otherwise the worst will happen, and one's eyes will be smeared!
Boss Zhu here answered and hung up the phone in a hurry.Originally, Boss Zhu should have enlisted Jia Hongjian to the capital and asked him to directly advise the central government.But because Jia Hongjian had already made an idea with the central government as early as March, and the central government had already discussed various plans, so now there is nothing wrong with Jia Hongjian.
When Jia Hongjian was on the phone with Boss Zhu, Mao, who was also in the capital, was completely dumbfounded!Originally, he was the same as Boss Zhu and others. He thought that a person like Soros would be killed in one month or two. Soros had been attacking Southeast Asia for so long before, and logically speaking, he should also go home. .It is for this reason that he, Mao, dared to write an article scolding Jia Hongjian for fooling around!Randomly predict the consequences of attacks by financial predators!
From the point of view of that Mao at the time, the scolding was like grabbing Jia Hongjian's braid and slapping him across the face.Even in his view, it was a reality to think that the financial crisis had passed.It can be said that it seemed to him at the time that he was criticizing with hindsight. At that time, he still felt that there would be no risk for him to say so. Could it be that Soros would do it again?What a joke!
As a result, who would have guessed that Soros really came back!How embarrassing is this for someone Mao!Today's reality clearly shows that if he attacked Jia Hongjian before, it was obviously foolish!Now it proves that Jia Hongjian's prediction that Soros will launch financial attacks for a long time is also a true insight!
In this case, no one else needs to say anything, Mao only feels that his skin is really hot and painful!After returning from Shanghai, he was still debating whether to apologize to Jia Hongjian. At that time, he was still worried that if he apologized, his reputation would be bad.As a result, looking at it now, it is useless to apologize or not. Obviously, reality is slapping him in the face now. Obviously, everyone now knows that Jia Hongjian is right and he is wrong!Under such circumstances, even an apology would lose its previous timeliness!
If he had apologized when he invited Jia Hongjian to dinner, the officials all over the country hadn't seen that the financial crisis was going to continue. If he apologized, everyone would think he was aboveboard.But now that he has been slapped in the face by the facts, he feels more like he was forced to apologize by being slapped in the face by reality!It can be said that he is really regretting it now. Why didn't he make up his mind to apologize a few days ago?
If he had apologized then, how relaxed would he be now?Now he's so glad that he escaped... Wait, no!I remember that during the meal before, that Jia Hongjian seemed to say that it was for his own good to give himself time to think about it. Did he already know the time when Soros would attack Hong Kong, Taiwan, Japan and South Korea with precision?cannot!Or is he just a guess?But these thoughts are not important at this time, what is important is what should he do now?Are you apologizing now?If he apologized now, it would at most make everyone feel that he was still aboveboard—after being slapped in the face by the facts, he would still admit his mistakes.
But no matter what, whether it's the industry or the officials, you will have a lot of doubts about his professionalism, even if you apologize, because he obviously misjudged too seriously!On the other hand, if there is no apology, the result will be nothing more than this, and it can even be said that the reputation in the eyes of colleagues or officials will be worse.He doesn't like word of mouth at all.If he had paid attention to word-of-mouth, he wouldn't have so many enemies at all!So he won't take money to scold Jia Hongjian at all!
So after thinking of this, he simply rolled around like a lazy donkey and became a coward - whoever wants to apologize, whoever apologizes, anyway, there are so many things going on outside now, and Jia Hongjian has no chance to scold him if he wants to.It's a pity that his judgment was wrong. Jia Hongjian was paying attention to the financial turmoil. As for that, there was plenty of time to deal with this so-and-so!Jia Hongjian is now writing about the financial crisis on the internal reference proof, such as how much South Korea will be affected in the future, how much Japan will be affected in the future, and the impact of Hong Kong and Taiwan capital and the impact on the financial crisis. impact on the mainland.
These things were first said at the central government, but they are still relatively new to provincial and ministerial officials.At this time, Jia Hongjian has also been authorized by Boss Zhu to give everyone a popular science in advance on this internal reference.In the process of science popularization, Jia Hongjian sometimes mentioned Mao without naming his name. In this way, it was like reminding everyone of Mao's previous misjudgment every once in a while!This slap in the face, that's just the sound of slapping! (To be continued..)
The first to be recruited was the Philippines, which was once a vassal of the United States. In the previous attack, its Philippine peso had depreciated by about 20%.On the second day after Boss Zhu spoke at the Hong Kong-Hong Kong meeting, the Philippine stock market was hit hard by international speculators—the Philippine stock composite index fell by more than 200 points in one day, and finally closed at 2.846 points, creating a two-year high All-time low.On the third day, neighboring Malaysia was also attacked, and the exchange rate, which had finally stabilized, was hit again.The exchange rate of the Malaysian ringgit against the US dollar fell further, and the exchange rate of 1973 ringgits to one US dollar at the close of the market created the lowest point since [-]!
Also on the third day, the Philippine stock market continued to fall, and broke through the psychological line of 2000 points in one fell swoop, closing at 4 points, creating a new low in 1990 years!On the fourth day, Soros, who had not fully launched his attack on Hong Kong, started a firepower reconnaissance of the Korean financial market in advance, hitting the Korean won to the lowest point since the implementation of the market exchange rate in 3125 in one fell swoop!On the same day, the situation in Indonesia also began to deteriorate along with the deterioration of Malaysia's economic situation, and the Indonesian rupiah fell to a record low of 1 against the US dollar.
fifth day.The Philippine peso fell to a record low of 1 pesos to the US dollar. The Philippine government had no choice but to announce restrictions on the floating range of the peso exchange rate, and announced that it would begin to crack down on its domestic financial speculation!
On the sixth day, Soros officially attacked Hong Kong, causing the Hong Kong-Hong Kong Interbank Offered Rate to soar to 300% overnight, and the Hang Seng Index and Futures Index fell by 1000 points within three days!All of a sudden, the whole Hong Kong was filled with mourning!When Boss Zhu spoke before, Hong Kong people were still thankful that their market had resisted Soros' attack, but they never expected that after Boss Zhu left Hong Kong, it would be within a week.Hong Kong suddenly had a double sky of ice and fire!
And it's not just Hong Kong who is unlucky!While making waves in Hong Kong.Soros began to conduct firepower reconnaissance in South Korea while suppressing the Korean stock market, and he started firepower reconnaissance in Japan!On the seventh day, Kyoei Bank in Tokyo, Japan declared bankruptcy due to insolvency.The bank plans to complete debt settlement before October 1998, 10.And will hand over all clients to the well-connected Happy Bank.
ninth day.South Korea's composite stock price index fell below the 600-point mark and fell to 582.13 points, which also created the lowest point in South Korea since 1992!tenth day.The exchange rate of the Taiwan dollar in Taiwan fell sharply against the US dollar, creating the lowest exchange rate in 10 years!
This series of changes was like a set of combined punches, which directly stunned the leaders of many countries and regions in Asia!You must know that everyone expressed confidence that the financial crisis has passed, especially Mr. Zhu and others, so don't feel too good at that time!After all, judging from the historical records, this general attack by Soros only lasted for a month or two!But who knew, Soros actually came to the second round now, and seeing that it was really the same as what Jia Hongjian said, Hong Kong, Taiwan, Japan and South Korea were all included in it!This reminded Boss Zhu of the scene that Jia Hongjian predicted before - because a large number of domestic "foreign capital" fled, leading to stagnation of domestic economic development, and at the same time facing economic transformation and transformation of state-owned enterprises, coupled with unfavorable exports, domestic demand has increased. If it doesn’t come up, the final result is that China’s economy is likely to stop growing, which is rare!
At this time, Boss Zhu called Jia Hongjian in one phone call. During the phone call, he didn't have time to apologize to Jia Hongjian or anything, so he could only ask Jia Hongjian anxiously, "Hongjian, look Will it stabilize within a month or two? Our central government has almost decided to rescue Hong Kong!"
"The next one or two months? Difficult, it is estimated that in January 98, it may be stable for a while, but in 1, will those international speculators who follow Soros to drink soup mix in and continue to clean up Hong Kong, Taiwan, Japan and South Korea? I don't know!" Jia Hongjian replied as conservatively as possible.
But even if his answer is very conservative, it is still hard for Boss Zhu to accept! "What? It might last another year?" he asked in surprise.Obviously, in his opinion, if the external financial turmoil lasts for a year, this country will really be in trouble!After all, this is not a time when there are no problems in the country. This is a time when there are internal worries in the country. When encountering foreign troubles, the problems that may be caused are quite large!
"We have to think about the worst, don't we? It would be best if we could stop within a month or two, but what if we can't? What if it really needs to last for a year? We can't just focus on the end of one or two months Make a plan, and have no preparations for a year?" Jia Hongjian asked helplessly.After Boss Zhu heard this, there was a long silence.Indeed, as Jia Hongjian said, when faced with such a situation, one must be prepared for the worst, otherwise the worst will happen, and one's eyes will be smeared!
Boss Zhu here answered and hung up the phone in a hurry.Originally, Boss Zhu should have enlisted Jia Hongjian to the capital and asked him to directly advise the central government.But because Jia Hongjian had already made an idea with the central government as early as March, and the central government had already discussed various plans, so now there is nothing wrong with Jia Hongjian.
When Jia Hongjian was on the phone with Boss Zhu, Mao, who was also in the capital, was completely dumbfounded!Originally, he was the same as Boss Zhu and others. He thought that a person like Soros would be killed in one month or two. Soros had been attacking Southeast Asia for so long before, and logically speaking, he should also go home. .It is for this reason that he, Mao, dared to write an article scolding Jia Hongjian for fooling around!Randomly predict the consequences of attacks by financial predators!
From the point of view of that Mao at the time, the scolding was like grabbing Jia Hongjian's braid and slapping him across the face.Even in his view, it was a reality to think that the financial crisis had passed.It can be said that it seemed to him at the time that he was criticizing with hindsight. At that time, he still felt that there would be no risk for him to say so. Could it be that Soros would do it again?What a joke!
As a result, who would have guessed that Soros really came back!How embarrassing is this for someone Mao!Today's reality clearly shows that if he attacked Jia Hongjian before, it was obviously foolish!Now it proves that Jia Hongjian's prediction that Soros will launch financial attacks for a long time is also a true insight!
In this case, no one else needs to say anything, Mao only feels that his skin is really hot and painful!After returning from Shanghai, he was still debating whether to apologize to Jia Hongjian. At that time, he was still worried that if he apologized, his reputation would be bad.As a result, looking at it now, it is useless to apologize or not. Obviously, reality is slapping him in the face now. Obviously, everyone now knows that Jia Hongjian is right and he is wrong!Under such circumstances, even an apology would lose its previous timeliness!
If he had apologized when he invited Jia Hongjian to dinner, the officials all over the country hadn't seen that the financial crisis was going to continue. If he apologized, everyone would think he was aboveboard.But now that he has been slapped in the face by the facts, he feels more like he was forced to apologize by being slapped in the face by reality!It can be said that he is really regretting it now. Why didn't he make up his mind to apologize a few days ago?
If he had apologized then, how relaxed would he be now?Now he's so glad that he escaped... Wait, no!I remember that during the meal before, that Jia Hongjian seemed to say that it was for his own good to give himself time to think about it. Did he already know the time when Soros would attack Hong Kong, Taiwan, Japan and South Korea with precision?cannot!Or is he just a guess?But these thoughts are not important at this time, what is important is what should he do now?Are you apologizing now?If he apologized now, it would at most make everyone feel that he was still aboveboard—after being slapped in the face by the facts, he would still admit his mistakes.
But no matter what, whether it's the industry or the officials, you will have a lot of doubts about his professionalism, even if you apologize, because he obviously misjudged too seriously!On the other hand, if there is no apology, the result will be nothing more than this, and it can even be said that the reputation in the eyes of colleagues or officials will be worse.He doesn't like word of mouth at all.If he had paid attention to word-of-mouth, he wouldn't have so many enemies at all!So he won't take money to scold Jia Hongjian at all!
So after thinking of this, he simply rolled around like a lazy donkey and became a coward - whoever wants to apologize, whoever apologizes, anyway, there are so many things going on outside now, and Jia Hongjian has no chance to scold him if he wants to.It's a pity that his judgment was wrong. Jia Hongjian was paying attention to the financial turmoil. As for that, there was plenty of time to deal with this so-and-so!Jia Hongjian is now writing about the financial crisis on the internal reference proof, such as how much South Korea will be affected in the future, how much Japan will be affected in the future, and the impact of Hong Kong and Taiwan capital and the impact on the financial crisis. impact on the mainland.
These things were first said at the central government, but they are still relatively new to provincial and ministerial officials.At this time, Jia Hongjian has also been authorized by Boss Zhu to give everyone a popular science in advance on this internal reference.In the process of science popularization, Jia Hongjian sometimes mentioned Mao without naming his name. In this way, it was like reminding everyone of Mao's previous misjudgment every once in a while!This slap in the face, that's just the sound of slapping! (To be continued..)
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