Extraordinary Genius

It was not easy for Soros to win because of the economic power of the island country. Unfortunately, the financial crisis in South-East Asia, no matter which country was unfortunate, had to bear part of the loss.

The highly developed banking and currency surpluses of island countries have led them to invest in countries such as South-East Asia, where financial and real estate are the backbone of industrial development, which is in fact also driven by island countries.

Isn't this the model that once saw the island nation rise?

When the island nation was pitted by the US, the economy backfired for 10 years. Later, they thought, invest abroad, if there is a problem in the domestic economy, then the rest of the country, it is learned from the US, and can continue to consolidate the position of the Asian economic leader in their island country.

But they didn't think, without them, that the economies of those countries would collapse first!

And those countries, which have a lot of island banks, and island banks, have invested a lot of money in those countries and lent a lot more.

This would have been a good investment, and the economies of those countries were growing at a high rate, and their investments could have been followed by money, so they were investing more and more every year.

As a result, Feng Yu and Soros joined forces last year to sweep across many countries in South-East Asia, causing a sharp recession in their financial industries and a massive devaluation of their currencies.

Those countries are certain to lose a lot, but every country, unfortunately, involves island countries.

Since the second half of last year, banks and securities firms have been bankrupt in the island countries, and by the last few months, more and more banks and securities firms have been bankrupt because of the continuing bankruptcy of companies in those countries.

If neither the loan nor the investment can be recovered, can it not be bankrupt?

The bankruptcy of banks and securities firms in island countries and the contraction of business exacerbated the financial crisis in South-East Asia, which could even be described as affecting the whole of Asia.

At that time, the yen was also affected, beginning to decline slowly, but at a modest rate, stabilizing at the beginning of the year, at 120: 1 against the United States dollar, down slightly from 115: 1 last year, but acceptable.

But today, the yen suddenly dropped to 124: 1, the biggest drop of the day!

The Island State is alert. Someone must have attacked the Japanese yen, and the most likely person is Soros!

What they expected was for Soros to start attacking the yen slowly. In fact, even if they did not attack, the fall of the yen would be inevitable. Many of their external debt would not be recovered and the economy would suffer severe setbacks.

Not to mention that Soros is attacking the yen again, and although the effect is not as good as attacking the Indonesian rupiah or anything, the yen has declined and has become a trend.

The fall in the yen cautioned those who invested in the island countries that the financial storm in South-East Asia had hit the island countries.

Coupled with Soros' momentum, news continued to be sent out in various media outlets that the island's economy was going to collapse again, persuading investors to hurry and sell the yen for a stronger dollar.

Soros' name was still very loud, and some people responded, and with Soros' operation, the yen went down quite normally.

As soon as Feng Yu got word of Ho Zhiji, he went to stare at the yen curve and looked at the stock index curve of the island country. He can be sure that Soros must have done it!

“He, according to our plan, sold out the yen. Remember, there must be an adequate hedge, this investment must be stable.” Feng Yu ordered.

The previous profits were so high, he feared He Zhaoji was too greedy. If he did not hedge, he could lose a fortune if he sold off the yen.

Futures make money fast, but when you lose money, it's just as fast.

“Don't worry, boss, we'll be careful. ”

Hanging up Ho Zhaoji's phone, Fu Rongqi called. He discussed with Feng Yu the strategy of investing in the yen.

The two were in agreement, using low leverage to sell off the yen while hedging the reverse to avoid sudden pull-up of the yen and explosion of their positions.

The last time they made a lot of money, they became more conservative. That's true: the older the river and lake, the weaker the courage!

……

“President Oga, our stock fell again today. ”

“I know, don't always remind me!” Big Horse is furious.

This bloody financial crisis has crippled the economies of many countries in South-East Asia, and their investments in South-East Asia, particularly factories and branches, have been severely hit.

Production is down, products are out of business, and even some agency companies are directly bankrupt! Those companies still owe them the upfront material fee!

Noriyu Oga almost broke his head for it, and their shares listed in Tokyo began to fall.

Of course, it's not just them, many of the companies in the island are falling, even the whole lot.

They all thought they could resist. The economic recovery of the island countries had been quite good and should be able to withstand that risk.

However, with the bankruptcy of island banks and securities companies, credit crises in countries such as Thailand have become more severe and economic collapse has been aggravated once again.

This creates a vicious circle that inevitably affects island economies.

Although many of their large consortia have joined forces to stabilize the stock market and stabilize the yen exchange rate, they have also failed.

They don't dare to invest too much, if they can't afford it, and all the cash goes in, it will have a bigger impact on the business.

Those holding bank shares suffered the worst losses, with bank shares falling sharply and property shrinking considerably. More than 35 percent of loans have been determined to be irrecoverable, many have to be repaid late, and few can repay the loans normally.

And those foreign currency-denominated debts cost them a lot, and how did they know that the currencies of those countries would collapse so quickly?

Especially this month, the real estate bubble collapsed in those countries, whether in Thailand or in the South China Ocean, where real estate prices began to dive, stabilizing real estate for almost a year and no longer stabilizing.

The collapse of real estate also exacerbated their economic collapse, resulting in greater losses to island countries.

They had intended to boost the island's economic growth through the economic growth of those countries. Even one day, capital could be withdrawn and a country's economy could collapse.

But it didn't occur to them that they didn't have time to do it. Soros did it first, and they were also implicated in it and suffered a huge loss!

……

“Von, you said that once the yen drops unstoppable, Soros will aim at Xiangjiang or Russia, is that what we're going to do?” Kirilenko asked.

“No, we have to wait, if the stock market goes up abnormally and the currency goes up abnormally, it means Soros and they did it, and then we fight back and we can do the biggest damage to them! ”