"etc!"
Before Chen Dong could officially begin, Elder Lin interrupted him. The reason for interrupting him was not to stop Chen Dong from speaking; on the contrary, Elder Lin attached great importance to what Chen Dong was about to say, which is why he interrupted him.
Moreover, Chen Dong always gave him an air of mystery. Despite being only in his early twenties, he possessed immense wealth and a maturity beyond his years. Furthermore, when Chen Dong became serious, it invariably concerned something significant.
It's no exaggeration to say that every time Chen Dong makes this expression, something significant is about to happen, which is why Old Lin called for a pause.
"Old Lin."
Old Lin smiled upon hearing this and continued, "Before you speak, could you tell me which aspect you're referring to? I'm an old man, and discussing war theories with me is no problem, but if you're talking about other areas, you really overestimate me."
Upon hearing this, Chen Dong immediately understood what Elder Lin meant and said, "Elder Lin, it's about the currency crisis. If it's convenient, we can also find a few financial experts in this field."
"Did you hear what Chen said, kid?"
"I heard you, I'll go arrange it right away." Secretary Wang nodded and immediately ran off to make the call.
"Have you eaten yet?" After Secretary Wang left, while waiting, Old Lin chatted with Chen Dong about everyday things.
Before we knew it, half an hour had passed.
The conversation shifted from dinner to several of Longteng's branch offices that had been seized, and the arrangements after the seizures were lifted.
"They're here."
Just then, Secretary Wang and three other people stepped into the courtyard.
"Old Lin."
"Old Lin."
"Sit down." Old Lin pointed to the stone bench not far away and then said, "Now that everyone is here, Chen boy, tell everyone what happened."
The three of them turned their gazes to Chen Dong simultaneously, without any distinction between them.
On the way there, the three of them heard Secretary Wang give a brief introduction to Chen Dong. They had thought he was some kind of scholar, but now they saw that he was just a young man in his early twenties.
The three also admitted that Chen Dong seemed to have an extraordinary demeanor, but demeanor and knowledge are two different things. No matter how good one's demeanor is, it does not necessarily mean that one has a high level of knowledge.
Not to mention the monetary system in the financial field, which is an unimaginably vast subject, let alone a young man like Chen Dong. Even among them, it is hard to say that anyone has reached a level of mastery in this discipline.
Secretary Wang first introduced Chen Dong to the professors: "The one on the left is Professor Wang from Peking University, who is also our country's monetary expert; the one in the middle is Professor Chen; and the one on the right is expert Ma."
"Hello, professors, I am Chen Dong." Chen Dong nodded to the three professors as a greeting, and then said, "Some time ago, top international hedge funds launched an attack on the currency systems of Southeast Asian countries and regions. In just a few months, Thailand announced the devaluation of the Thai baht. I think you are all familiar with this."
Professor Ma, one of the three, nodded and said, "Yes, we've debated this matter. There are loopholes in Thailand's monetary system, which is one of the reasons why international hedge funds launched attacks against them."
"That's not what I wanted to say. Thailand is just one part of this currency attack, only the initial stage of the attack on the Southeast Asian economy. Afterwards, they will continue to attack other countries, and the next target is likely to be the Philippines, Malaysia, Singapore, or even South Korea or Hong Kong..."
“Attacking Hong Kong is impossible. I would believe you if you said they would attack Singapore, Malaysia, the Philippines, etc., but attacking Hong Kong is absolutely impossible. Hong Kong is not in the same league as these countries.”
Chen Dong nodded. In fact, the attack on Hong Kong occurred after Hong Kong's return to China, which was also the time when Hong Kong most needed stability. In addition, Hong Kong's economy was indeed on a larger scale than the countries and regions mentioned above. In that era, it was reasonable for Hong Kong to be called one of the Four Asian Tigers, not only because of its excellent geographical advantages, but also because it served as an Asian transit hub in international trade.
Therefore, when Soros, together with other international hedge funds, launched his attack on Hong Kong, he timed it shortly after its return to China, when people were already in a state of panic. In addition, he further amplified this panic through extensive media coverage.
Needless to say, in terms of funding, the international hedge funds led by Soros, as well as a large amount of international speculative capital, have reached their peak in terms of both mentality and capital after making huge profits.
Currently, neither the timing nor the funds are sufficient for Soros and other international hedge funds to make a move in Hong Kong, which is why Chen Dong agreed.
However, his statement is not to suggest that international hedge funds will immediately launch an attack on the monetary system, but rather to instill a sense of vigilance in the domestic leadership.
"To be honest, the economic systems of Southeast Asian countries and regions are very similar to those of Thailand. They all rely too much on export-oriented economies. One advantage of an export-oriented economy is that it can quickly boost domestic economic growth, but at the same time, the disadvantages are also very obvious. If the foreign capital brought in by over-reliance on exports chooses to withdraw, what will be left behind will be a mess."
At this point, Chen Dong looked at the three of them, then at Elder Lin, before continuing, "The devaluation of the Thai baht is definitely not due to foreign exchange reserves. Of course, the depletion of foreign exchange reserves is just a trigger. What truly triggered their crisis is the poor domestic financial environment."
"The vast majority of these foreign funds are invested in the real estate and stock markets, rather than in the real economy. As more and more funds enter the country, domestic inflation is also rising. You can see from the fixed deposit interest rates offered by Thailand's BOT that their domestic inflation has reached a certain level."
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