Chapter 885 Southeast Asian Currency Crisis!



Two days later.

Several major national media outlets, including the People's Daily and Xinhua Daily, published the same news article simultaneously.

[According to a notice from the National Strategic Grain Reserves Administration: Due to persistently high international grain futures prices, in order to curb domestic food prices, a seven-day release of grain will be implemented starting today to ensure sufficient domestic grain supplies.]

The news did not cause much of a stir, except among a few people.

A family of five.

The old lady examined the newspaper for a while and said, "Eldest son, you see? This time the country has taken strong measures. I told you we didn't need to buy so much grain, but you wouldn't listen. Don't let it be like last time."

This inevitably brings to mind a scene from a few years ago, when the government had just announced that commodity prices could be determined by market forces, which sparked a new wave of panic buying.

How crazy was this buying frenzy? Many people hoarded large quantities of tea, rice, oil, salt, soy sauce, vinegar, and other basic necessities, which is understandable.

What's most incomprehensible is that many people, unable to purchase these goods, turned their attention to other items, such as kettles, washbasins, shoes, and fabrics...

Later, some people conducted some surveys and found that many families could use the washbasins they bought in the rush for ten years, and some even bought enough salt to feed a family of five for a lifetime.

Is that an exaggeration?

That's not an exaggeration at all.

Following this, a new round of enterprise reforms began in China. Some daily necessities that were only required to be produced during the planned economy era began to be produced in large quantities. As a result, all of these produced goods ended up gathering dust in warehouses.

The original history is the "canned goods for airplanes" incident. A bigwig in China used these unsold goods, along with some canned fruit and food, to exchange for four airplanes from Russia. This is the true history.

However, a similar scene unfolded again today.

Because of a rumor that came from who-knows-where, it spread like wildfire, reaching every corner of the neighborhood. It was even described in great detail as saying that international food prices had skyrocketed, and everyone should stockpile food, because if they didn't stockpile now, the price of food would double or even triple in a short time.

That's how the scene described earlier came about.

The eldest son was speechless for a long time after hearing his mother's scolding, but his wife chimed in, "Mom, we just heard it from others. Besides, this is all grain, and we'll eat it sooner or later."

"That's true, but look, we've bought so much grain. It would be such a waste if we couldn't finish it all."

This scene plays out in families across cities large and small.

Suddenly, grain and oil stores that were once bustling with customers became deserted, a scene that caught many grain merchants off guard.

at the same time.

Several major media outlets in Hong Kong published the same news simultaneously.

[Recently, international grain futures have experienced extreme price increases. Following this, reporters visited several parts of mainland China and found that local grain prices had not risen and remained largely unchanged. Later, a reporter spoke with the owner of a grain store, who stated that domestic grain prices remained stable due to domestic grain reserves. It is understood that with all of China's grain reserves released, the 1.4 billion people of China will not have to worry about food for the next two years...]

This news quickly dominated the front page of various sections, and even newspapers that mainly report on entertainment gossip saw it.

Moreover, this public opinion quickly spread to other Southeast Asian countries and regions, and soon appeared in news magazines of major Western developed countries.

The reason for this sensation can be traced back to another news story from six months ago: a scholar from the United States published his important speech in an authoritative magazine, titled "Who Will Feed 1.4 Billion Chinese People?"

However, the appearance of this news was nothing short of a desperate counterattack.

Many Chinese people excitedly rubbed their hands together, saying, "Do you need to worry about us? We Chinese can support ourselves."

On the other side...

Freemason headquarters.

"Bronson, look, this is the latest intelligence that just came from outside. What are you doing? Why haven't you noticed yet? Also, why does China have so many strategic grain reserves?"

The chairman's words struck Bronson like a thunderbolt, leaving him completely stunned. It took him a while to recover, and then he hurriedly picked up the newspaper from the ground and began to read it carefully.

In an instant, beads of cold sweat slowly slid down his forehead.

"President, I can explain. China has always preferred to keep things to itself and never discloses its grain production or exact figures. I have no idea about these things."

"Useless!" the chairman sneered, then continued, "Besides this matter, you also botched the operation of harvesting the economies of emerging countries. According to the data you reported before, it didn't meet our expectations at all."

"President, I have already started investigating this matter. According to our original plan, the Thai government will announce the devaluation of the Thai baht in September this year, and by then, the large sum of money we have earned from Thailand will have been transferred."

"Then tell me, what exactly happened?"

Upon hearing this, Bronson wiped the fine beads of sweat from his forehead and hurriedly said, "According to our investigation, the reason it was announced three months in advance is that other funds shorting the Thai baht launched a final annihilation campaign. Thailand's dollar foreign exchange reserves were also exhausted after several attacks, and it was finally announced that the Thai baht would abandon its fixed exchange rate and switch to a floating exchange rate."

"Investigate! Investigate where this short-selling capital came from and why it's being launched at this time." Upon hearing this, the chairman was furious.

Brunson wasn't much better off. These plans weren't made now; they were already in the trap of being exploited five years ago, when Thailand's economy was booming.

Now, the capital flight that has forced the collapse of the Thai currency is just one part of this plan. In addition to Thailand, there are also countries and regions such as the Philippines, Malaysia, South Korea, and Singapore.

But now, this one bad apple has ruined everything, forcing us to postpone the progress of our plans.

If Chen Dong were here, he would be utterly astonished, and all the blame would be directed at this evil organization.

"Bronson, you have disappointed me."

"I'm sorry, President, please give me another chance," Bronson said piously, kneeling on one knee.

After a while...

The chairman said, "Notify the four major grain merchants to temporarily halt the plan to target China's grain supply."

......

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