The rise of heroes begins with Hong Kong movies

Time flies so fast, and another month has passed in the blink of an eye.

An unexpected situation happened!

In real history, Soros took action for the second time on May 12. However, when the variable Huo Wenyao appeared in the world out of thin air, the situation changed drastically.

When Huo Wenyao was unknown, he had almost no impact on the world.

But what now?

Not only is he not unknown, he has become the richest man in the world. His crazy rise has also been accompanied by earth-shaking changes, which has had a huge impact on others.

The world and society are all very big, but in the final analysis, they are still made up of people!

As Huo Wenyao's influence grows, more and more people will be influenced by him, and more and more people will be influenced by him. Following this, the world or society will undergo great changes.

Now, every move he makes can have a huge impact on the world!

Of course, many far-reaching events will still happen, and drastic changes will not occur just because there is one more Huo Wenyao. This is not because Huo Wenyao's influence is not big enough.

The fundamental reason is that he did not intervene in many world events at all!

Just imagine, what would happen if Huo Wenyao was from Taiguo and knew that his motherland was about to suffer an unprecedented disaster in 1997 at the beginning of his time travel?

Anyone who has a hint of patriotism will at least do what they can, not to mention devoting all their strength to save the country.

With Huo Wenyao's current terrifying influence and strong financial resources, he cannot save the entire Southeast Asia, but... it is still possible to save a mere Taiguo.

This is not arrogance, but fact!

You must know that the gross national product of Taiguo in 1996 was only 190 billion US dollars. Not to mention the entire Huo Group, even Huo Wenyao was worth less.

Huo Wenyao has already become as rich as anyone in the country!

Whether it's a description or a literal meaning, he has done it!

It is precisely for this reason that whenever something big happens, Huo Wenyao needs to conduct a careful investigation. Who knows how things will change.

The funny thing about this is that all those changes were caused by him!

This is tantamount to digging a hole for yourself, and then having to fill it yourself. It's really funny, but there is no way around it.

Back to business.

Soros was originally supposed to launch his second attack on May 12, but in this world, because of the emergence of Huo Wenyao, he moved the second attack a full month ahead of schedule -

April 12, 1997, the second attack The attack officially begins!

Over the past month, the Central Bank of Thailand has been checking and filling in the gaps, issuing policies one after another for international investment institutions, trying to suppress them as much as possible and build a moat for the country's financial system.

But as the saying goes, there are policies from above and countermeasures from below. In the end, Soros and other international investment institutions have the upper hand.

They first quietly established spot and forward foreign exchange trading positions through foreign banks operating offshore businesses, and then borrowed Thai baht from local banks in Thailand.

This move cleverly avoided the supervision of the Central Bank of Thailand.

After that?

What else is there to say? Of course, sell a large amount of Thai baht in the spot and forward markets and short sell the Thai baht!

This puts tremendous pressure on the Thai baht!

Not long after, the spot exchange rate of the Thai baht repeatedly exceeded the exchange rate floating limit set by the Central Bank of Thailand, causing strong panic in the market. The Thai baht once depreciated to 27.4:1 against the US dollar!

What was the previous exchange rate of Thai baht to US dollars?

26.03:1!

Although it is not a huge profit, it is still a lot of money for Soros and other international investment institutions.

More importantly, all of them know that this is just an appetizer. As long as the Thai baht is defeated and the Thai baht is significantly devalued, then all of them will make a lot of money.

The real gluttonous feast is yet to come!

So - the attack intensity increased! attack! attack!!

Although the Taiguo government was shocked at this time, it was not frightened to death and still responded calmly and calmly.

Faced with such a fierce attack, the Central Bank of Thailand decided to take a three-pronged approach.

1. Because Taipei is a member of the East Asian Central Bank Presidents Conference, it jointly intervened with Singapore in the foreign exchange market and invested US$12 billion to maintain the exchange rate.

2. Issue an administrative order to prohibit domestic financial institutions from lending Thai baht to foreign countries!

3. Significantly increase the overnight dismantling rate from 10% to 1000%-1500%!

As soon as these three trump cards came out, Soros and other international investment institutions were so overwhelmed that they had no time to take care of themselves.

Yes!

In the financial crisis that swept across Asia in 1997, Taiguo was not helpless. The first two attacks by international hot money such as Soros were blocked by them.

So what is the final result of this second attack by Soros and other international investment institutions?

This attack did not last long, only eight days before and after.

On April 20, 1997, this fierce battle between you and me finally came to an end. Both sides got a short rest. The Thai Kingdom finally maintained the exchange rate of Thai baht to US dollar at 25.1:1!

Previously: 26.03:1!

Yes, compared to before, the Thai baht not only did not depreciate, but also appreciated.

This also means that the international investment institutions headed by Soros failed to sell short. Soros' losses in this battle were as high as 300 million U.S. dollars!

Other international investment institutions also suffered huge defeats.

The amount of loss is proportional to their investment. The more they invest, the more they lose!

Huo Wenyao had almost no losses.

Because he was just watching the show and didn't take any action at all. If he hadn't considered the mood of Soros and others, and if they were angered, they would jump over the wall in a hurry, he would even want to fish in troubled waters and go long on the Thai baht.

So how much money these guys lose is how much money they can make.

Things are still brewing, but the final harvest is not far away, and it will not last more than two months.

The final battle is about to begin.

Huo Wenyao, come in!