Chapter 19: The Crisis Comes
Chen Boming once again found Ge Yi, who was studying at the party school, and wanted to persuade Li Yitou to invest with him. )
With Chen Boshi, there was also an investor, whom Chen Boming called Mr. Chu.
Li Yi said: "Now the interest rate in Thailand is more than twice that of the United States, if you want to make money, you can take a loan from the United States, go to Thailand to deposit with interest, and then return it to the United States to make a profit, and do arbitrage." You are in the banking industry, don't you understand this truth? Do you think investing in Thai government will be profitable? ”
Chen Boming said: "Thailand's big government will not collapse so easily, right?" Now that they are borrowing funds at high interest rates, are they afraid that they will not be able to pay them back? ”
Li Yi said: "Have you heard of Heisenberg? ”
Chen Boming was stunned and said, "Heisenberg? I don't know, what is it? ”
Li Yi said: "Werner, Heisenberg, a famous German physicist, he proposed the "uncertainty principle" which is a basic principle of quantum mechanics.
Have you ever heard of Soros? ”
Chen Boming smiled: "Of course I know." The founder of the Quantum Fund! ”
Li Yi said: "Soros is a Hungarian-born American Jew, a well-known currency speculator, and a stock investor. He is 67 years old this year! He believes that just as the physical quantum of microparticles cannot have a definite value, the securities market is often in a state of uncertainty and it is difficult to accurately measure and estimate. ”
Chen Boming said: "This old guy is a speculator!" Don't be afraid. ”
Li Yi said: "Soros's favorite trick is short selling, he likes to win by short selling to make a profit, his company bets on a few big institutions, and then short selling, Zuihou made a lot of money when these stock prices plummeted." ”
Mr. Chu asked, "Mr. Li, I don't know very much, can you give me an example and explain to me how short selling makes money?" ”
Li Yi glanced at the middle-aged man with a little sadness and said, "You don't even know how to make money from short selling, so you want to make such a risky investment?" ”
Mr. Chu said: "I also listened to Director Chen's very reasonable words, so I moved my mind, Mr. Li, since you know this business, please explain it to me." ”
Li Yi said: "Is it more profitable to sell short than to buy long? Let me give you the simplest example. When the stock price is $10, it rises by 10 first, it is $11, and then it falls by 10% to $9.9.
Similarly, when the stock price is 10 yuan, it first falls by 10 to 9 yuan, and then rises by 10% to become 9.9 yuan. Do you understand what I say? ”
Mr. Chu suddenly sighed, then shook his head again, and said: "I have always been in the industry, and I only speculated in stocks for fun, and I hired a stockbroker to help take care of my own knowledge of finance, and I don't know much about it." But I trust my instincts. ”
Li Yi said: "Chen Shao, I treat you as a friend, so I advise you, even if you want to play, don't fall too deep, you must accept it when you see it." Even if the Thai government launched a powerful counterattack, the victory would only be temporary. You want you not to invest too much money. ”
Chen Boming said: "My opinion is exactly the opposite of you......"
Don't speculate for more than half a sentence, Li Yi shrugged his shoulders helplessly, got up and said goodbye, others are desperately trying to jump into the fire pit, you can't pull it.
The Western shock funds led by Soros, which hold a large number of Southeast Asian currencies, jointly sold Thailand in a big way.* Under the siege of many Western "heroes", Thailand was unable to resist for a while, and continued to decline, and in May, the lowest jumped to 1 US dollar
Thailand's Central Bank of Thailand devoted all its efforts to launching an anti-encirclement and suppression operation against Soros in mid-to-late May, with the intention of overcoming Soros's will and making him retreat in the face of difficulties and no longer lead the crowd to attack the Thai masses.
The first step is to form a coalition with Singapore to use about $12 billion to absorb Thailand: the second step is to strictly prohibit local banks from lending Thai straw to Soros's army by executive order: the third step is to raise the interest rate sharply from about 10% to 1,000 to 1,500%. The three-pronged approach, cutting-edge weapons, and powerful counterattacks caused Taimo to rise to 2520 on May 20
new highs.
Due to the sudden tightening of the bank, the interest cost increased dramatically, which caught Soros's army by surprise, losing $300 million and suffering a bāng.
At this time, domestic public opinion once again set off an uproar.
Li Yi's article was dug up for discussion again, and those economic experts began to bombard Li Yi.
Didn't you say that Thailand is powerless? Aren't you adamant that Southeast Asian countries will lose and a financial crisis will break out?
Now, open your eyes and see clearly!
Thailand wins! Solo was poisoned, and that speculator lost $300 million in one fell swoop! Will he be able to fight again?
Some people even published articles saying that Li Yi was a pessimist and a "false guardian who is good at cups people's hearts"! Others said that Li Yi spread such rumors in an attempt to disrupt the rare financial order in Southeast Asia, which was unpopular.
Li Yi didn't read these newspapers and magazines at all, and occasionally heard these "words" from Lin Xin, and he laughed at them. Whenever an acquaintance or friend chatted with him and talked about these issues, he responded lightly: "Time will tell!" ”
In fact, Li Yi is also secretly raising funds to prepare for a share of this big war.
Li Yi's guess was right!
Soros has been trying his courage for several years for this opportunity, and this time he is prepared and determined to win.
A setback for the vanguard will not make it rest, and Soros will have to play three games in Southeast Asia.
In late June 1997, Soros led the Quantum Fund, the Tiger Fund, and the Long-Term Capital Management Fund to attack Thailand again.
They used a small amount of bonds and funds in their hands to carry out mortgage financing in local banks in the United States, quickly enlarged the amount of funds available in their hands, and Zuihou used nearly $100 billion in funds.
attacked Thailand, when the Bank of Thailand's total foreign exchange reserves were only more than 30 billion.
The Thais had to come up with a trick of zuihou, dig ròu to mend sores, and implement a floating exchange rate.
However, after the implementation of the floating exchange rate, it was in the hands of Soros, and Tai Zheng continued to decline, July x
On the day, the Thai Zheng fell to 32.5 against the dollar. Another all-time low.
At this time, Sodos began to make a large profit from short selling orders in the foreign exchange market.
also profits, as well as Li Yi's dark horse!
Li Yi took advantage of his foresight and foresight to mobilize all the funds he could use, and even did not hesitate to put Sihai Group and Sanjiang Heavy Industry into a mortgage loan to invest in this victorious battle.
This battle has just begun, and Li Yi wants to win the biggest profit in this battle.
Li Yi didn't hide it from Lin Xin, he told her all his jihua and funds.
Since they want to spend their lives with her, each other. What's the secret?
When Lin Xin saw that Li Yi actually had such a huge financial strength, she was shocked for a while, she chose Li Yi at the beginning, completely conquered by Li Yi's temperament and personality charm, but she didn't expect that she was careless and caught a huge golden turtle!
After listening to Li Yi's full jihua... After that, Lin Xin asked, "Are you so sure that Soros will attack according to your expectations?" ”
Li Yi smiled: "My hunch has always been very accurate. 、。
Lin Xin said: "Then if this round of battle is over, how much money will you win?" ”
Li Yi thought for a while and said with a smile: "Conservative estimates, let alone tens of billions, dollars!" ”
"Ahh Lin Xin said: "So much money? I never thought about how I would live if one day, I had so much money. 、。
Li Yi smiled: "You can go to the Caribbean Sea and buy a big island and build your own paradise on it." ”
Lin Xin asked, "What about you?" You're so rich, do you still want to work? ”
Li Yi said: "Then you say, does the richest man in Shijie still need to work?" ”
Lin Xin smiled: "Then you still want to continue to be your official?" ”
Li Yi said: "Yes, I still need your support and help!" My sense of accomplishment is not about how much money I can make, money is just a kind of capital! ”
Lin Xin said: "Your ideal is to develop in your career and go all the way up to the top?" ”
Li Yi said: "Do you support me? Or want to buy a small island and be a beautiful rich woman? ”
Lin Xin laughed and said, "I support you!" Whatever you choose, I've got your back. Because I chose you, I chose yours too. 、。
Li Yi Huoran raised his head, looked at her smiling face, stretched out his right hand, gently stroked her face, and said, "Yujian you, I am lucky." ”
With the frenzy of selling Thai rice and rushing to buy dollars, a large number of factories began to close, companies reduced their workforce, prices rose sharply, and the standard of living of urban residents fell sharply.
In the quiet offensive launched by Soros, on July 1, the governor of Thailand's Central Bank voluntarily announced his resignation, and before that, Thailand's deputy general manager in charge of the economy and finance minister had already returned to his hometown with hatred.
Tai Zheng has been defeated!
On this day, Li Yi set up a small car and took Lin Xin to wander in the car river in the capital, and suddenly saw a building in front of him, crowded with people, and police cars and ambulances were parked. The Jiāo police cordoned off the relevant road section.
"What's going on?" Lin Xin looked outside.
Li Yi looked up and saw that under the blazing sun, on the top floor of the building with the huge signboard of Huaxia Bank, there was a figure standing on the edge, with his hands outstretched, as if he wanted to jump down, and several persuaders were persuading him.
"Someone is going to jump off the building!" Lin Xin also saw that scene and pointed over there and said.
Li Yi said: "This is not unusual, Thailand's deputy general manager has returned to his hometown!" Those businessmen who invested in Thailand are all losing money this time! ”
Lin Xin said: "Among the money you make, there is also a part of their hard-earned money!" ”
Li Yi said with a smile: "If I don't earn it, others will earn it!" ”
As soon as this sentence was spoken, the person upstairs had already jumped, like a kite with a broken line, and quickly fell to the ground.