HK1496 Second Goal: Exchange Rate!
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In the Southern Dynasties, it was February 15th, local time, at nine o'clock in the morning, the opening time of the stock market.
When the stock opened, the KOSPI200 index fell continuously, from 1100 points to 1010 points, only 10 points away from falling below the 1000 mark!
Seoul, Presidential Palace.
President Park of the Southern Dynasty is listening to a report from his financial experts.
"President, our stock market cannot hold its own, and we are suffering from internal and external attacks. Within the country, there are about 100 billion to 120 billion U.S. dollars of funds shorting our stock market. Overseas hot money currently exceeds 400 billion U.S. dollars. Entering the market, and the amount of overseas hot money is increasing rapidly!" A middle-aged man wearing gold-rimmed glasses and looking polite reported to President Park.
President Park nodded slightly, then looked at another plainly dressed old man and asked, "Professor Kim, what do you think?"
The gray-haired Professor Jin frowned and said, "President Park, Professor Moon and I have the same view. Our stock market will definitely not be able to hold on."
Professor Wen, who looked polite and elegant with gold-rimmed glasses, showed a hint of success, "According to my estimation, the overseas hot money that eventually entered our stock market should exceed one trillion U.S. dollars. Even if there is a gap, it won't be too big." Much. How can we possibly hold on to the stock market?”
President Park frowned deeply.
A hint of helplessness flashed in Professor Jin's eyes, and he said: "President Park, although we cannot guard the stock market, we still have to snipe at those international hot money. We must have the courage to break the cauldron before we can kill one thousand enemies and lose eight." Get through the hard times."
Before President Park could answer, Professor Moon, who was younger than Professor Kim, started shouting. "Professor Jin, do you know how much money we will lose if we attack overseas hot money? Do you know that our foreign exchange reserves are only US$298 billion? Do you know that our national bank reserves... Want to stabilize the domestic situation?"
Professor Kim was questioned repeatedly, but did not answer Professor Moon's questions. Instead, he looked at President Park, waiting for President Park's answer.
President Park thought for a moment and then asked: "Professor Moon, if we choose to attack the robbery of international hot money, how much money do we need to invest. And how much money may we lose?"
The middle-aged humanities professor glanced at Professor Jin, with a proud expression in his eyes. Because Professor Jin has always been the number one person in charge of finance. But today, Professor Wen saw a glimmer of light, a glimmer of light that knocked Professor Jin off his throne.
Professor Wen thought for a while. Then he said, "President Park, according to my calculations, we need to invest close to 500 billion U.S. dollars. We will lose about 150 to 200 billion U.S. dollars to withstand the attack of overseas hot money."
Whether it's $150 billion. Still 200 billion US dollars, it is not a small amount, even for Xia Guo, it is not a small amount.
President Park frowned. A loss of US$150 to US$200 billion in the stock market is a huge responsibility that cannot be borne. Otherwise, President Park can only wait to be impeached, and even the entire cabinet will collectively take the blame and resign.
"Professor Kim, why do we attack those international hot money?" President Park asked Professor Kim. After all, Professor Kim is the chief consultant expert on financial issues. President Park hopes that Professor Kim has a good reason.
However, Professor Jin shook his head slightly and said, "President, I only express my own opinion. Our country's economic situation is very bad. Not only is the stock market in danger, but even the exchange rate between our Korean won and the U.S. dollar is very big." Danger. If we don’t fight to the death and show a mentality of fighting to the death with international hot money, they will not be satisfied with the benefits obtained from the stock market. Compared with the exchange rate market, the benefits of the stock market are still small. A little bit.”
President Park looked shocked and asked nervously: "Professor Kim, are you telling the truth?"
If the stock market collapsed, the Southern Dynasties could still accept it. After all, no matter how the stock market collapsed, it would not have much impact on ordinary people. But the exchange rate market is different. If there is a problem in the exchange rate market and the currency depreciates relatively, the corresponding price rise will occur.
For example, if the currency depreciates by 50%, a product that originally costs 100 yuan will cost 200 yuan. In a short period of time, the currency in the hands of the people will not increase exponentially, which will have a serious impact on people's lives. , and may even cause public unrest.
Professor Jin nodded seriously, "Of course it is true. Think about the financial crisis in 1997! At that time, no one believed that they really dared to attack the national exchange rate system, but didn't they attack? And they also achieved Very good results!”
"Joke!" Professor Wen sneered, "Professor Jin, it is 2008 now, ten years have passed since the financial crisis. Our financial system is more complete, our national bank has more reserve funds, and we How dare they attack our exchange rate system when they have a closer relationship with the United States?"
"Why don't you dare?" Professor Jin asked.
Professor Wen was like an enraged lion, loudly shouting: "They don't dare! Because this is the Southern Dynasty! We are a developed country, we have a good credit rating from the World Monetary Fund, we have the support of the World Bank, and we have With the support of Lili countries, we have all the conditions to win, how dare they?"
"Superficial!" Professor Jin didn't say much, just sneered, "It's not yours, it's not yours after all. You're trying to get help from others, but why would others help you in a critical moment? That's all!" Professor Jin was very If I like the culture of the Xia Kingdom, I can always inadvertently tell some idioms and allusions to the Xia Kingdom.
President Park rubbed his temples, looked at Professor Kim, and asked: "Professor Kim, if we save the stock market, we will definitely lose 150 to 200 billion US dollars, right?"
Professor Jin nodded.
"If we don't save the stock market and invest this amount of funds into the exchange rate system, once international hot money attempts to attack our exchange rate system, how much will we lose if we save the exchange rate system?" President Park means, no Save the stock market, but strictly guard against adhering to the exchange rate system.
Professor Jin's expression was slightly startled, and he stood up with a wry smile, "President, I can't answer this question. Now is the world of young people. Within today, I will submit my resignation report to the personnel department. In my final words , when I was still the chief financial advisor, I insisted on my opinion. We would rather lose 150 to 200 billion US dollars, but we must also show the determination to fight together so that international hot money does not dare to fight us head-on and voluntarily withdraw from the financial market of our Southern Dynasty! "
After finishing speaking, Professor Jin turned around and walked towards the exit of the conference room without looking back. This old man, who is over sixty years old and has dedicated his life to the country, at this moment, when the future destiny of the country is related, is not recognized by the country, his heart aches like a knife. Such a situation reminded him of Yue Fei in ancient Xia Kingdom.
‘Perhaps, traveling to Xia Kingdom is also a good choice. ’ Professor Jin had the idea of going to Xia Kingdom.
In the conference room, Professor Wen's eyes hidden behind his gold-rimmed glasses revealed a coldness, 'Old guy, you finally got out of here. From now on, I, Wen Changming, am the chief financial advisor! ’
As Professor Jin left, the atmosphere in the conference room became somewhat silent.
After waiting for about two minutes, President Park asked: "Do you have any opinions about the stock market situation in our country? Should we adopt Professor Kim's plan or Professor Moon's handling opinions?"
The rest of the financial experts and policy experts, you look at me, I look at you, and then they all look at Professor Wen. When Professor Jin leaves, as the second financial advisor, Professor Wen will naturally be promoted to the chief financial advisor, although some People think Professor Jin's plan is better, but under the current circumstances, they can only make a choice against their will.
The think tank of the Southern Dynasty government made the final choice to abandon the entire stock market. The stock market of the Southern Dynasty became even more tragic.
Mu Shuang looked at the stock market of the Southern Dynasty. When the stock price of Sanshuang Electronics fell by 60%, Mu Shuang decisively chose to clear the position.
Although the stock price of Sanshuang Electronics may still fall for a while, there won't be much room. After all, Sanshuang Electronics is a high-tech entity enterprise, not a high-tech concept enterprise.
Even if the stock price of Sanshuang Electronics keeps falling, there is a bottom line after all, because Sanshuang Electronics is indeed so valuable. Their fixed value products, their brand value, and their technical value, combined, have a bottom line position. When the bottom line is reached, no matter how financial means are used, it will be difficult to continue to fall.
Mu Shuang cleared Sanshuang Electronics' short contract and made a total of 60% profit. This was already a very ideal situation. Nine billion US dollars, 5.4 billion US dollars in two days, is there any better business?
Even if he robbed banks every day and robbed five million US dollars at a time, it would take three years and five months to raise US$5.4 billion. So, robbing a bank or something is really not a good idea.
If you really want to make a fortune, the easiest way is to kidnap someone on Wall Street and demand a ransom, which is safer than robbing a bank, right?
After Mu Shuang cleared the short-selling contract of Sanshuang Electronics, he immediately ordered Yizuer to spread some gossip internationally, saying that a certain large fund was targeting the exchange rate market of the Southern Dynasty, and that a certain investor was targeting the exchange rate market of the Southern Dynasty. tragedy.
Such rumors spread frequently, making the situation in the Southern Dynasties very bad. Because as Professor Jin, the former chief financial advisor of the Southern Dynasty, inferred, international hot money is not satisfied with the benefits obtained from the stock market, but has set its sights on the exchange rate market of the Southern Dynasty!
Compared with the stock market, the exchange rate market has greater benefits, and the benefits can be obtained faster!
.(To be continued ~^~)
PS: Xia Guo currently has four trillion US dollars in foreign exchange reserves. He is really rich and willful~~!