Chapter 969 Soros
New York.
Wall Street!
Wall Street is the name of a large street extending from Broadway Road to the East River in the southern part of Manhattan, New York City. It is only one-third of a mile long and 11 meters wide. The streets are narrow and short, with only 7 sections from Broadway to the East River, but it is world-famous as the "Financial Center of the United States".
The management offices of banks, insurance, shipping, railways and other companies established by the American Morgan chaebol, Rockefeller oil king and DuPont consortium 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 Futures Exchange, etc.
Wall Street is not just a street, it is a financial market and financial institution that has an influence on the entire American economy!
Quantum Fund is a very famous fund on Wall Street and is highly sought after by investors.
Soros sat in the office of Quantum Fund, looking very relaxed and calm.
He targeted the weaknesses of Southeast Asian countries and shorted Thailand and China, triggering a financial crisis in Southeast Asia, 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!"
Soros nodded and said: "Hong Kong has the third largest foreign exchange reserves in the world. Obviously it cannot be like Thailand, the Philippines, and Malaysia, so our initial target is not the Hong Kong dollar, but the Hong Kong stock market!"
"We have set traps in many places in the foreign exchange, stock, and futures markets and shuttled them flexibly. The Hong Kong government will not be able to cope with it anyway, so Hong Kong will be like Southeast Asia." The assistant said optimistically.
Lyon is a top student at Harvard University in the United States. He admires Soros the most, so he joined the Quantum Fund as soon as he graduated and now serves as Soros' assistant.
In the United States, elites are now unwilling to be engineers, engage in scientific research, and even less want to work in factories.
Because these are not profitable!
The first choice of the elite is to go to Wall Street to engage in finance, because it is the most profitable, or to become a lawyer or a doctor. Whether a doctor or a lawyer, it is very profitable and has a very high social status.
Like Lyon, his salary at the Quantum Fund was US$100,000 in his first year, plus investment income, which amounted to hundreds of thousands of US dollars. His salary far exceeded the salary of most American university professors.
Now, Lyon's total salary income exceeded US$1 million last year, making him a millionaire.
This year, due to the financial turmoil in Southeast Asia, there has been a lot of gains. With a wave of Soros's hand, Lyon's income has exceeded 4 million US dollars so far this year.
As long as we continue to do our best in Xiangjiang, it is not impossible for our total revenue to reach US$8 million this year.
Of course, Leon knew that what he earned was only a small sum, which was insignificant compared to his boss Soros.
Soros has made more than 4 billion US dollars during the entire Southeast Asian financial crisis until now, which is his own personal gain.
One can imagine how much money international hot money made from winning this battle!
International hot money has robbed Southeast Asian countries of more than ten years of hard-earned money.
Now, their target is the big fat city of Xiangjiang, the international financial center.
As long as they eat the big piece of meat in Xiangjiang, their income will definitely exceed the income in Southeast Asia.
Soros shook his head and said: "Dealing with Xiangjiang cannot be done overnight. Xiangjiang needs to be attacked multiple times to truly defeat its financial industry. Of course, I am very confident that Xiangjiang is still the 'cash machine' of our Wall Street!"
"If only the Hang Seng Index had not continued to fall in the past three months, and if the Hang Seng Index was still at a high of 17,000 points, that would be great!" Soros said with some regret.
He didn't understand. They had not taken action on Xiangjiang yet, so why did Xiangjiang continue to fall on August 7?
In the end, we can only believe what experts say. Perhaps the economic ties between Hong Kong and Southeast Asia are too close, and the economy in Southeast Asia has been hit hard.
Soros has forgotten that if the Zhuan family's words can be believed, even the mother tree can climb the tree.
Which economist in the world has become a billionaire?
No!
Which economist in the world doesn’t lose money by trading stocks! ?
Very few, very rare!
In late October, international speculators moved to Hong Kong, the international financial center, targeting the Hong Kong linked exchange rate system.
On October 23, the Hong Kong Hang Seng Index fell 1,211.47 points.
On October 28, the Hong Kong Hang Seng Index fell another 1,621.8 points, falling below the 9,000-point mark.
Faced with the fierce attack by international financial speculators, the Hong Kong government reiterated that it would not change the current exchange rate system, and the Hang Seng Index rose to reach the 10,000-point mark again.
International hot money tried to attack several times, but found that it could not defeat Xiangjiang Finance in one fell swoop, so it had to turn its head and head north to East Asia, Japan and South Korea.
Faced with the fierce international hot money, South Korea was the first to be unable to withstand it, and a financial crisis broke out. On November 17, the exchange rate of the Korean won against the US dollar fell to a record high of 1008:1, and the Korean won plummeted.
On November 21, the South Korean government had to seek help from the International Monetary Fund and temporarily controlled the crisis.
But on December 13, the exchange rate of South Korean won against the US dollar dropped to 1737.60:1!
The Korean won crisis also impacted the Japanese financial industry, which had a large investment 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 to Japan. With this as a sign, the Southeast Asian financial crisis evolved into the Asian financial crisis.
At this time, whether in Southeast Asia, Hong Kong, or Japan and South Korea, the media pointed their spearheads directly at the United States, pointed at Wall Street in the United States, and criticized Wall Street.
But it was useless, because this Asian financial crisis was 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 unimpeded and no longer be restricted.
American capitalists are all old-fashioned capital, and Asian finance is like a three-year-old child in front of them, so it seems to be just open investment, but it is 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 carried out according to 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 some unfavorable news in the media, and they are also colluding 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 argument naturally affects some people.
Liu Tao always pays attention to the situation in Hong Kong. When he sees these unfavorable news and the actions of some financial institutions, he can't help but sneer.
There is no shortage of traitors in any era!
These traitors have very soft knees and spines and lack calcium! They kneel down and bend down at any time, and take the initiative to be the guide.
These traitors are also one of the targets he wants to purge this time.