Chapter 1047 Similar History
On July 2, the Thai baht devalued. In just one week, the Thai baht exchange rate fell by 30%. To make matters worse, their foreign exchange reserves are basically zero.
Here we want to talk about the hegemony of the US knife. Your own baht can only be used at home. As long as you go abroad, basically no one will recognize you.
Well, apart from continuing to ask the IMF for help, there may be no other way.
IMF money is not so easy to get. First, it requires you to scale back your fiscal spending. It seems reasonable, right? You have no money, so naturally you need to save some money.
Cough, that's not how the accounts are calculated. If government spending is reduced, the economy will be even worse.
The second point is high interest rates and an open and transparent loan model.
After all, it's still the same thing as shock therapy. You have to believe in the market, and you have to believe in the self-healing ability of the market.
Is this thing reliable?
In fact, you just need to take stock of the results. The one with the strongest head is Malaysia, and they firmly refuse to accept the threat of the IMF.
During the Asian financial crisis, although they also suffered heavy losses, they seemed to recover the fastest.
Smecta thought this contract was a humiliation, but they finally signed it. Yelling fiercely, it's actually useless, it's a national humiliation day, why don't you sign a piece of wool.
An Asian financial crisis, in the end, only Xiangjiang and Malaysia survived. The price paid was not insignificant, and these two companies were the first to get out of the crisis.
What, big rabbit.
Ahem, it doesn't exist, it's a closed internal circulation system. For those who are conspiring and scheming, save a little effort.
You can't say that there is no influence. Many unfinished buildings are the product of this era.
A financial crisis broke out in Mexico, and the peso lost half in an instant. The decline in the stock market was even worse than the exchange rate.
Panic investors began to retreat from Latin America. All of a sudden, financial markets in Latin America were wailing.
The scene that happened in Mexico in early 1995 is being played out in East Asia.
Cough cough, since the history is so similar, then, what are you waiting for?
Ying Jiang is unwilling to pay, because it involves moral issues. So good, will Japan be short of money?
When it comes to foreign exchange reserves, no one has more. In order to save Mexico, the United States and the IMF jointly contributed 50 billion.
I can't say how perfect it is, at least, Mexico's problems mainly remain in Mexico. A group of friends around did not suffer too much loss.
What, Eagle Sauce has a good relationship with Mexico, that's why I came to the rescue.
Cough cough, you are just kidding, you occupy a lot of people's land, if you can't beat it, you should have pinched it by now.
Speaking of which, the relationship between Thailand and Eagle Sauce is good. He has always been a staunch supporter of Eagle Sauce. If you look at the arsenal, you will understand. Those who use M16 are naturally good friends. On the contrary, with AK47, most of the relationship is not very good.
If it is just not supporting, the impact of the Asian economic crisis will definitely not be so exaggerated. Great. There are some problems in Southeast Asia. Rabbit and Japan are affected a little bit, and that's all.
However, this is not what Ying Jiang wants, nor is it what Soros wants. Standing in the huge trading hall, Soros put on a posture of looking down on the world.
"We won, and they're all going to die. Where's the damn champagne?" With the dense sound of bang bang bang, Soros looked at the ceiling at forty-five degrees, with an expression that deserved as much beating as he wanted .
"Damn it, what are you waiting for, let's take their money and let them lie in the mud moaning."
The bigwigs on Wall Street are celebrating with each other. This gluttonous feast will definitely not end easily. Be it Peanutton or the IMF, no one can stop it.
Whoever influences us to make money, we will engage him. Bastard, let me see who dares to stand in the way of money!
"Boss, Japan should give up, there is no sign that they are involved.
This is not Soros's handwriting, there must be something we don't know. "
"Ha, what's the matter, it's just a mutual compromise. Didn't you notice that the Ministry of Justice and the Ministry of Commerce are very quiet.
Excuses are readily available, the Great Depression, the countermeasures taken by countries is trade protection. The result was very, very bad. With history as a guide, we need an open, free trade environment. "
Felson was speechless. Taking history as a mirror, the incident in Mexico is right in front of us. That's not what you said at the time.
Although there are so-called international speculators, they are not openly fighting.
Nima, are you really not worried about settling accounts after the fall?
"Old man, it's going to be a disaster, a long one.
Alas, since we know about economic globalization, we shouldn't have done this. The losses and damage caused far outweigh the profits. "
"Boss, now, the think tank has come to two conclusions.
First, it will eventually affect the economic growth of the United States.
Second, international hot money will accelerate its flow to the United States. "
"Is there a problem?" William White shrugged, this is the same thing at all, okay? As long as there is a large inflow of funds, a little trade loss is nothing, it will have no impact at all.
"Filson, I'm not worried about the economy of the United States anymore. On the contrary, the influx of hot money will create another foot basin. If it blows too hard, we will step into the footsteps of Japan."
Felson's head started hurting, and he had to make a new plan. With the worldwide economic recession, resource assets will definitely hit the street.
Then, financial real estate stocks rose. By the way, there is also that high technology. It's just that this kind of stock market, which is half sea and half flame, is really terrible.
Filson just had a headache, but Bangkok was already crying.
So called the financial crisis, the first unlucky nature is the financial sector.
Such things as bank runs, not to mention Thailand, can not be done anywhere, and it will cause panic in the market.
Don't trust your country's banks, don't trust your country's currency. This shit, no matter how many beautiful knives labor and capital have, it's useless.
To be honest, if any country's currency has to be exchanged for another country's.
This is probably impossible to achieve.
Don't talk about other things, you can try to exchange all the US knives into Japanese yen. Disasters happen as well, and vice versa.
In fact, if foreign exchange controls were implemented, many of the subsequent troubles would not have happened.
What, the market mechanism cannot be destroyed.
Stop talking nonsense, silver futures are still not allowed to trade, how many market mechanisms have been violated?
What about the decoupling of US dollars and gold? This is a unilateral decoupling. That's not what you said when you gathered your friends for a meeting.
"Come, come, you are too close to Maozi. In case of an accident, hard currency like gold will be cheaper for Maozi. I provide free storage here, and you can put the gold here. Just send an order, and we will Just help you complete the transaction."
Ying Jiang's little mirror never reflects himself. It's too ugly, probably because I'm afraid of scaring myself.
The so-called Peanutton consensus only requires other countries to follow. As for itself, ahem, as long as it wants, it can do whatever it likes.
For itself, Eagle Sauce has a set of standards, as long as it is beneficial to itself, it can implement it. For its little partners, there is also a set of standards, as long as it suits its interests, you can do whatever you want.
The relationship is average, or it is possible to become an opponent. Whatever you do is wrong, it will always find a reason to attack. Of course, if it can get benefits, it is not impossible to discuss.