Chapter 829 (1/2)

In early August 1997.

The Thai government's abandonment of the Thai baht exchange rate led to a decline of more than 20% in the Thai baht, and the government suffered a shock from the people.

Successive turbulent demonstrations broke out in the Thai capital Bangkok, important cities Chiang Mai and Chiang Rai.

In total, more than 100000 people participated in the demonstrations, with more than 1000 dead and injured.

The Thai regime changed, and the prime minister took the lead in resigning and stepping down.

The economic impact is always more than the economy. The anger after the loss of national wealth will be covered by the sound of bullets and the blood on the ground.

Mid August 1997.

Under the influence of the fluctuation of the Thai baht, the Philippine Peso, the Indonesian rupiah and the Malaysian ringgit have become the targets of international speculators.

On August 13, the Malaysian government announced that it would give up its efforts to defend the ”ringgit” and change the ”ringgit” into a ”floating exchange rate system”, leaving the national currency exchange rate entirely to the free market.

This is ”surrender”.

same day! The National Bank of Malaysia declared bankruptcy, many large enterprises entered the reorganization, tens of thousands of employees went home on vacation, and the Malaysian financial market fell!

Western capital earned more than US $30 billion of Malaysia's foreign exchange reserves that year, sweeping away the years of hard work of the Malaysian people and the country's economic development.

Wei Hang earned 800 million US dollars in Malaysia.

Subsequently, the Philippine Peso fell sharply, the Indonesian rupiah fell sharply, and the Singapore dollar fell sharply

Won, JPY, Hong Kong Island

Asian financial markets are about to rain.

After western capital took the lead in sweeping through a number of small countries in Southeast Asia, it finally began to attack the fat and fat ”old Asian power” and the ”four little dragons of Asia”.

Among the four Asian dragons, ”Singapore” took the lead out, and Japan island crowded into the card table in the name of ”old country” to fill the position of the four Asian dragons.

The four Asian dragons, who have always been known as ”economic take-off”, are like plates of main dishes

Just on the table!

Western capital is like a fat pig just after the pre meal. It is full of saliva, stuffed the napkin into its chest, showing greed, holding a knife and fork and staring at the main dishes

At the same time, South Korea established a ”banking policy group”, Japan established a ”foreign exchange crisis section”, Taiwan established a ”Department of economic control”, and Hong Kong established a ”crisis steering group”.

The entire Asian financial market has been plagued by western capital and international hot money. It is like a dark cloud pressing the city, and a storm is coming!

With a strong national system, sound financial barriers and military strength, the motherland is independent of the market and as stable as Mount Tai!

In September 1997, the Taiwan authorities took the lead in abandoning the Taiwan dollar exchange rate, and one of the four little dragons in Asia took the lead in jumping on the street.

Since then, Taiwan's economy has no upward posture, relying only on a limited number of enterprises to support international trade.

More than ten years later, Taiwan Island, which was economically developed at that time, became the junction of urban and rural areas. This is the end of economic and military dependence on the great powers! Can only be reduced to leeks of foreign powers and let you fly? It just makes you fat.

On October 17, 1997, the exchange rate of the Korean won against the US dollar fell to a record 1008. There were many collaborators and arrogants in the Korean government. The ”bank policy group” did not make an effective response. Its policy leader also made many tricks to arrest the next batch of ”true” patriotic talents.

On October 21, 1997, the Korean government asked the ”International Monetary Fund” for help, obtained the help of the ”International Monetary Fund” by mortgaging state-owned assets, industries, interest rates and monetary rights, and temporarily controlled the expansion of the crisis by relying on the US $100 billion foreign exchange provided by the ”Monetary Fund”.

On December 13, the exchange rate of the Korean won against the US dollar fell to 1737.60, the National Bank of Korea ”went bankrupt”, and the economic development once stagnated. The government had to cede land to western capital countries by selling ”economic autonomy”.

So far, South Korea has not only controlled its ”military command” by the west, but also lost its ”economic right and autonomy”.

Sell sovereignty in exchange for South Korea's future needs and prosperity. This is also the reason why South Korea's economy looks good in the future.

In the same month, Japan's foreign exchange market fell seriously, a series of banks and securities companies went bankrupt one after another, the Southeast Asian financial crisis evolved into the Asian financial crisis, the economies of Malaysia, Indonesia, Singapore and other countries continued to decline, and the crisis spread until 1998.

Yalong's ”four little dragons” only Hong Kong Island survived the financial crisis and kept the economy of Hong Kong Island on the rise... Without accepting the terms and assistance of the international monetary organization and selling any interests.

This makes the ”four little dragons of Asia” a historical term, and the era of false prosperity is over. Only the trade window of the motherland, the international financial free port and the Asian international financial center stand in the East.

Wei Hang, Luo Minsheng and Fang Zhanbo.

During the crisis, they made a lot of money in Malaysia, Indonesia, Taiwan Island, won and other markets, making tens of billions of dollars!

Play a beautiful offensive and defensive battle!

Sima Xiang, Huang Shitong and other members of the landlords' Council guided the public opinion on Hong Kong Island, raised funds, and firmly defended the Hong Kong City and resisted the attack of hot money.

Turn danger into opportunity!

Hong Kong is about to launch a counterattack against the US market