Chapter 406 IMF Phantom "Please Give Me a Monthly Pass"

I don't like this guy, but it's a good choice to watch him rush to the front desk to look after me. "Fan Wubing said to Kevin.

The guy he was talking about was, of course, Soros. Although this guy was called a financial tycoon, his assets pale into insignificance compared to Fan Wubing.

In recent years, Fan Wubing has been closely tracking the activities of Soros's Quantum Fund. This time Soros showed up in Thailand, and he quickly got specific information through Kevin. Coupled with his previous awareness, It became clear that Soros had already begun to lay out the Southeast Asian market, and Thailand was the first important link where he wanted to test the waters.

Although the funds that Soros can directly control are limited, this guy has a good reputation. There is a lot of hot money following the trend, and there are also some real financial giants hiding behind him, waiting to ride on him, just like Fan Wu Such a character is sick.

In sharp contrast to the undercurrent in Southeast Asia, the domestic economy in the United States is improving.

Especially in the past two years, the crazy expansion of the Internet has continuously inflated the already vibrant U.S. economy, almost reaching the point where it is about to burst. On average, a Silicon Valley company goes public every five days, 60 millionaires are created every 24 hours, and more than 50,000 jobs are created.

Over four years, venture capital poured approximately $5.5 billion into technology development in Silicon Valley, and hundreds of other supporting companies were attracted to make a living off the technology food chain, notably Microsoft, founded in 1975. Entering the ranks of the world's top 500 companies and becoming a standard setter in the computer industry.

When autumn was about to come, Soros led international hot money to launch the first wave of attacks on the Thai baht. The method was still the same as when he attacked the British pound. He first borrowed a large amount of Thai baht and converted it into U.S. dollars in the foreign exchange market. However, the Thai government also reacted very differently. In time, the Bank of Thailand used US$2 billion of foreign exchange reserves to intervene in the foreign exchange market, finally calming the turmoil, and Soros had to return empty-handed.

But obviously he is not willing to fail. Soros hyped up the devaluation of the Thai baht in the media. With the prestige established during the British sniper war and the Mexican financial crisis, Soros's words are golden rules for speculators around the world.

As a result, rumors that the Thai baht was about to depreciate were once again spread in the international financial market, and speculative funds around the world were mobilized, causing significant fluctuations in the Thai baht's exchange rate.

This time. The Thai government is a bit overwhelmed. However, the Bank of Thailand used the East Asian Central Bank Governors Meeting to jointly intervene in the foreign exchange market. Tens of billions of dollars were paid. Finally, the exchange rate was maintained at 25 baht per US dollar.

Although Soros failed to achieve his goal. But Fan Wubing was a free ride. A lot was gained in this operation. Losses to the Thai government.

On the contrary, a large part of it went into his pocket.

Therefore, Fan Wubing once said to his subordinates. "I find that I am a bit evil now. I seem to like financial crises very much. This is a great opportunity to make money!"

In fact. Fan Wubing is not the only one who likes to fish in troubled waters. During this period of tracking. Fan Wubing also discovered the shadow of the IMF.

Although I think there should be some earth capital hidden behind Soros. But the IMF participated and contributed to the flames. Fan Wubing was a little surprised. He was not so smart that the International Monetary Fund would join in this kind of activity.

IMF is the International Monetary Fund. Founded in 1945. It is one of the two largest financial institutions in the world. Its responsibilities are to monitor currency exchange rates and trade conditions of various countries, and provide technical and financial assistance. Ensure the normal functioning of the global financial system. Its headquarters are in Washington.

The main function of the IMF is to formulate and supervise exchange rate policies and rules for current account payments and currency convertibility among member countries. Provide emergency financial facilities when necessary to member countries experiencing balance of payments difficulties to prevent other countries from being affected. Promote the pace of international economic integration, maintain the international exchange rate order, and assist member states in establishing a regular multilateral payment system.

When the IMF was established, World War II had just ended. The previous naked plundering with guns, guns, and shells was so brutal that it was bound to disappear from the stage of history. However, the new way of plundering would be carried out in a more civilized way. World War II brought great benefits to the people of the world. Endless sorrow came, and both participating countries and non-participating countries suffered heavy losses. The fascists plundered large amounts of gold and silver from the invaded countries.

With the end of World War II, this barbaric way of plundering will be completely opposed and eliminated by people, but imperialism will not disappear, and the plundering will not stop. In the barbaric attack of weapons, guns, and shells that are not allowed, one day A new kind of weapon also emerged.

In Europe and the United States, the Ministry of Finance has no cash, and its monetary power is in the hands of central banks and commercial banks. The central banks in Europe and the United States are the real masters of the country, whether it is the military during World War II

The provision, or ownership of the plunder, is provided and owned by these central banks, not the state but the capitalists. Both Hitler and Mussolini were funded by these capitalists. World War II seemed to be a struggle for power rather than a plunder of wealth. The instigators of World War II were the capital predators.

The main purpose of the establishment of the IMF is to facilitate these capitalists to use financial games to plunder wealth from all over the world.

One of their plundering methods is to first establish a universal international currency based on the US dollar, implement the gold standard, set exchange rates for various countries to the US dollar, and then repeatedly short sell the US dollar or raise the US dollar to ensure that gold can flow into the pockets of European and American capitalists.

Although these operations were eventually discovered and criticized by all sides of the world, a new method was born, that is, oil currency. The IMF can only calculate international oil prices in US dollars, making oil a new tool for plunder after losing gold operations.

The operation method is exactly the same. When the US dollar loses its credit, speculators raise oil prices, which increases the demand for the US dollar in various countries and makes the US dollar appreciate. Then they short sell oil prices at high prices and repeatedly arbitrage, which means that they can make a lot of money on oil futures and also make a lot of money on exchange rates.

Regarding this issue, the most typical example is the two oil wars. At that time, the US economy was depressed, the US dollar was weak, and Western countries provoked conflicts with Israel, which led to two Middle East wars and caused international oil prices to soar.

The daily output of oil can far meet international use, but the ups and downs of oil prices are not determined by market demand.

The second way of plundering is to force a country's currency to appreciate, causing the country's economy to decline.

Japan is a vivid example. When Japan's economy became the third largest in the world, Western countries could no longer sit still and forced the yen to appreciate, causing Japanese companies' export costs to rise and exports to fall. Japan's economy has been depressed for nearly 20 years.

It is conceivable that when China's economy develops, the IMF will also promote the appreciation of the RMB. Europe and the United States have just begun their currency strategy against China. The rapid advancement of foreign banks will cause a large amount of Chinese wealth to flow into other people's pockets.

The third way of plundering is for international speculators to use international hot money to frantically deal with a country's exchange rate, paralyzing the victim country's economy, and then the IMF provides assistance to the victim country.

There are only two conditions for IMF assistance, one is high interest, and the other is to let the victim country use national resources as collateral, such as oil, minerals, electricity, water conservancy and other monopoly industries. Some even use the victim country's land as collateral. Argentina in the 1970s and the upcoming Asian financial crisis are examples. Thailand and South Korea both received assistance on the condition that they open up their banking industry, pay high interest rates, and use certain industries as collateral, etc.

If Thailand and South Korea had not seen through the scam in time and repaid the loans early, the central banks of both countries would have been in danger of being controlled by the IMF.

These capital tycoons have given up the gold strategy, and the oil strategy is almost coming to an end, but the war is not over yet, and the plunder is still going on. New weapons have now appeared, namely financial derivatives. Only the IMF knows how to play with this kind of financial tool that eats people without spitting out bones.

Although Fan Wubing has seen the negative role played by the IMF in the upcoming Southeast Asian financial crisis, it is not easy for him to say it, because he is also fishing in troubled waters. Exposing others at this time is actually exposing himself, which is not worth it. After all, he has been following Soros and others for several years. Now is the harvest season. There is no need to affect the overall situation because of excessive sympathy.

Soros's two attacks have failed, but they have effectively reduced the dollar reserves of the Thai central bank, weakened the opponent's resistance, and caused panic in the hearts of investors. Those short-term funds that had previously entered the Thai stock market and real estate market in large numbers are retreating frantically.

The pressure on the depreciation of the Thai baht has further intensified, and there has been continuous panic selling in the foreign exchange market, which has directly led to a drop of about 15 billion US dollars in Thailand's foreign exchange reserves.

Under this circumstance, the depreciation of the Thai baht is a matter of course. What is lacking now is just the finishing touch. Now it depends on who is willing to take the risk of being hostile to the Thai government and play this crucial main attacker.

Playing this role is both tempting and stressful.

Fan Wubing weighed the pros and cons and felt that it was a bit bad for him to jump out openly. It would be better to wait for Soros to be the target himself. Remember that after the financial crisis, he almost became a rat crossing the street and everyone shouted and beat him.

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