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Text: Grapefruit
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introduction
The first time Jewish capital fought China was in the late Qing Dynasty, when the Qing court collapsed, and Soros was still fighting monsters and escalating at that time. Since the beginning of the 20th century, Soros has become the leading big brother of Jewish capital.
In 1969, he brought in his friend Rogers to form the predecessor of the Quantum Fund, the Double Eagle Fund, which later terrified central banks around the world.
Both of them are known as financial geniuses, and since they are geniuses, they are not willing to buy and sell a single stock, futures, or something.
(Soros)
It's too cheap to play like that, and they like to play with the central banks of various countries.
In the last 10 years of the 20th century, Soros entered the pinnacle of his life, fighting invincible opponents all over the world, and he felt a little lonely and defeated.
It's just that he and his Jewish capital never imagined that the Battle of Hong Kong would become the Waterloo of his life, and it has also become a lingering nightmare for Jewish capital to this day!
(Soros)
1. Jewish capital is invincible
In March 1997, Soros and other Jewish capitals seized an opportunity, and the Thai economy deteriorated, and they rushed to the top and continued to snipe at the Thai baht with the model of beating the pound.
The Thai government was so strong that it caused Soros to lose more than $300 million again in May.
Naturally, Jewish capital was not reconciled, and in June, it once again gathered a huge amount of funds to crit the Thai baht.
(Thai Stock Market)
The Thai government soon became overwhelmed, and more than $15 billion in foreign debt was wiped out in an instant, and more than $30 billion in foreign exchange reserves were immediately wiped out.
This time, Jewish capital swept away almost $4 billion from Thailand, and then took advantage of the victory to chase after it, sweeping Malaysia, South Korea and Indonesia, all invincible.
Even so, the greedy Jewish capital still set its sights on Hong Kong, but this time they kicked not only the steel plate, but the iron triangle, and finally returned home.
(HKMA)
Second, the sound of the east and west to divert attention
On 13 July 1997, some of the vanguard forces launched the first round of attacks on the Hong Kong dollar.
The Hong Kong Monetary Authority did not take these minions seriously at all, and easily raised the interest rate of the Hong Kong dollar to repel these small minions of international travel funds.
On the 21st, the Soros team joined the battle, the big guy is the big guy after all, the Hong Kong dollar fell by 250 percentage points, and the peer call rate soared by more than 1.4%.
(Hong Kong is coming)
Panic began to spread among Hong Kong citizens, and many people crowded outside the banks to run on their money.
The Hong Kong Monetary Authority (HKMA) immediately raised interest rates again, while warning major banks not to ban customers from shorting the Hong Kong dollar.
In order to calm the panic of Hong Kong citizens, the mainland began to speak out, saying that the mainland central bank would help the Hong Kong Monetary Authority tide over the difficulties if necessary.
Four days later, 11 Asia-Pacific countries were convened to meet in Shanghai and issued a joint statement on the stability and improvement of the Asian economy.
Soros and other Jewish capitalists naturally do not believe this, and after losing hundreds of millions of dollars this time, they show no signs of stopping.
(Hong Kong dollar exchange rate plummeted)
On August 15, Jewish capital once again gathered 4 billion Hong Kong dollars to smash into the Hong Kong foreign exchange market, and the Hong Kong dollar exchange rate fell below the warning line of 7.75:1 twice, approaching 7.73:1, and the Hang Seng Index also plummeted by more than 400 points.
Although the exchange rate was finally preserved, the Hong Kong Monetary Authority also discovered two strange things.
Jewish capital lost a lot twice, but they acted as if nothing had happened.
On September 17, central bank governors and finance ministers held an international financial event in Hong Kong, after which they said that the Asian financial crisis was over.
The Jewish capital predator also publicly stated that he would not short Hong Kong finance.
When things go wrong, there must be demons, and the Hong Kong Monetary Authority began to tense its nerves.
(Hong Kong citizens go to the bank to run)
Sure enough, entering October, Asian stock markets once again showed signs of international capital shorting.
Subsequently, there was a flood of media content about the sharp depreciation of the Hong Kong dollar.
On October 21, Jewish capital's Hong Kong dollar selling orders swarmed out, and in just three days, more than 100 billion Hong Kong dollars smashed into the foreign exchange market, and the Hong Kong dollar dollar exchange rate plummeted to 7.80:1 again, just one step away from the warning line.
This crazy way of smashing the market has once again triggered a run on Hong Kong residents, and major banks are crowded inside and outside.
The Hong Kong Monetary Authority (HKMA) once again raised interest rates, requiring major banks to strictly prohibit customers from participating in shorting the Hong Kong dollar and controlling interbank lending.
The HKMA's Yam thought his strategy had worked, but it wasn't the case, but Yam almost fell for it.
(Ren Zhigang)
By October 28, the Hang Seng Index fell by 4,400 points, which suddenly made everyone feel that the main direction of Jewish capital did not seem to be in the foreign exchange market.
If in the foreign exchange market, Jewish capital has lost almost all of its money since the attack on the Hong Kong dollar, so why are they still happy to do it at a loss?
Moreover, every time the Hong Kong Monetary Authority raises interest rates, these Jewish capitals stop attacking, which is not in line with the logic of any capitalist!
(Hong Kong Stock Exchange)
In January, June and July 1998, Jewish capital did the same three times as it did in October '97.
These three times are also the trump card of the Hong Kong Monetary Authority to raise interest rates, supplemented by the prohibition of customers from participating in shorting the Hong Kong dollar and the control of interbank lending, all of which have also died down.
In August, statistics showed that the Quantum Fund held 4 billion short orders in Hong Kong dollar futures.
The Hong Kong Monetary Authority has just woken up from a dream, and it turns out that Soros and other Jewish capitals are playing tricks!
(The arbitrage play of Jewish capital)
3. Escape the catastrophe
In other words, the Hong Kong Monetary Authority has kept the exchange rate of the Hong Kong dollar, and Jewish capital has lost money in the foreign exchange market, but they have made it back in the stock market and the futures market.
Jewish capital suppressed the Hong Kong dollar exchange rate, and the Hong Kong Monetary Authority raised interest rates and controlled interbank lending, which will lead to the return of funds from the stock market to banks, and the outflow of funds will cause Hong Kong stocks to fall, and Jewish capital will make money by shorting stocks.
The decline in Hong Kong stocks will inevitably lead to the decline of the Hang Seng Index and Hang Seng Index futures, and Jewish capital will make money by shorting the Hang Seng Index futures.
(Hong Kong Stock Exchange)
This tactic of attacking the east and the west was very confusing at first, because the stability of the exchange rate was related to the stability of the people in the country or region, and the government had no choice but to come to the rescue of the market.
As the free market dictates, the Hong Kong government seems to have only one option to raise interest rates.
When the Hong Kong Monetary Authority (HKMA) became aware of the intentions of Jewish capital and its own limited responses, they found that the challenges they faced could hardly compete with Jewish capital on their own.
(Audio-Technica press conference)
The Hong Kong government immediately reported to the central government, which attached great importance to it and immediately organized a special working group to deal with it.
Before the duel between the Hong Kong government and Jewish capital took place, two pieces of bad news came: the unemployment rate in Hong Kong jumped to 4.8% in the second quarter of that year, and the GDP growth rate was -5%.
On August 3, HSBC Holdings announced a 16% year-on-year drop in profits, and its share price fell 5.29% in response, causing the Hang Seng Index to fall below 7,700 points.
Jewish capital seized the opportunity to mobilize resources the next day and launched the first round of attack on the 5th, and in just three days, it sold 52.8 billion Hong Kong dollars.
(Stock Market Quotes)
This time, the Hong Kong government directly took out financial funds, caught the big sell-off, and finally maintained the warning line of 7.75:1 at the Hong Kong dollar exchange rate.
On the 10th, Jewish capital launched a second round of attacks, and three days later, the Hang Seng Index had reached 6,660 points, and the Hong Kong Monetary Authority had to arrange for funds to secretly enter the stock market tray.
That night, Finance Minister Donald Tsang asked Tung Chee-hwa, and Tung Chee-hwa approved government funds to bail out the market, and on the 14th, Donald Tsang held a symbolic Iron Triangle press conference to announce the entry of the Hong Kong government team.
The Hong Kong government team was actually a bit unfavorable, and the global stock market fell sharply on the same day.
(Stock Market)
Perhaps it made Hong Kong investors see hope, and the Hang Seng Index rose 8% against the trend on the same day!
After a two-day weekend break, Jewish capital has once again seized a big opportunity.
On August 17, global stock markets fell even worse than last Friday.
It's just that Jewish capital was happy too early, this day was the victory day of the mainland's Anti-Japanese War, and the Hong Kong Stock Exchange was closed, which allowed the Hong Kong government to successfully escape a catastrophe.
However, the Hong Kong government does not dare to relax at all, and the next battle will be even more tragic.
(The financial war has made Hong Kong citizens miserable)
3. Hong Kong's financial Armageddon
By the time the Hong Kong Stock Exchange opened on August 18, the international stock market had entered the stage of technical pullback due to two consecutive days of sharp declines, and Jewish capital and the Hong Kong government team entered a state of tug-of-war.
On the second day, the Hong Kong government team forcibly pulled the Hang Seng Index up by 412 points, and on the third day, it rose again by 120 points, and on the 21st, the Jewish capital in two cities launched a second round of counterattack, and 8 institutions frantically smashed the Hang Seng Index by 215 points.
Over the weekend, the global media reported on the financial war as a "war of officials and crocodiles", using a lot of military jargon, and many people thought that Hong Kong was fighting with real guns.
(Capital Wars)
On the 24th, the third round of the Hong Kong government team and the Jewish capital team started, and the Hong Kong team took the lead and advanced 318 points in one fell swoop, and the next day the two sides entered a tug-of-war.
On the 26th, the mainland's "financial people's armed forces" and the financial central army arrived in Hong Kong, but the Hong Kong government team canceled all the buying orders at the end of the session, the Hang Seng Index fell by more than 160 points, and the Hang Seng Index futures fell by more than 300 points.
The big army has come, why should the Hong Kong government team operate like this, shouldn't it be to the next level?
(Soros)
That night, the Central Army told Tsang that the ammunition brought so far was 60 billion Hong Kong dollars, and the central foreign exchange reserves were more than 128 billion US dollars, which could be pulled into the battlefield at any time.
When Tsang heard this, tears came out of his eyes, the Hong Kong government does not dare to use your money, if this war fails, we are sorry for the more than 6 million Hong Kong citizens.
Although we tested the strength of the other party at the end of the game today, and we have some certainty of winning, but the battle situation is constantly changing, if we lose the money of the central government, how can we face more than one billion people in the mainland!
The leaders of the Central Army told Tsang Yuen-kuen in no uncertain terms that Hong Kong is a child who has just returned to his mother's arms, and the Central Government will protect him at all costs!
(Donald Tsang)
The mainland's "financial civilian forces" seem to disdain this and insist on participating in the war, and the Hong Kong government staff told them to watch the war for a day tomorrow.
At 10 o'clock on October 27, the third round of the second battle broke out, and the main battlefield was in the Hong Kong stock market.
In the first quarter of an hour, 1.9 billion Hong Kong dollars were traded, in the second quarter of an hour 1 billion Hong Kong dollars, in the third quarter of an hour 1.05 billion Hong Kong dollars, and in the fourth quarter of an hour it immediately soared to 8.5 billion Hong Kong dollars.
At the end of the day, the Hong Kong government team smashed in 20 billion Hong Kong dollars, and only pulled the Hang Seng Index up by 88 points, leaving the mainland's "financial people" stunned.
However, they still said that they must participate in tomorrow's Armageddon, although they have no regrets!
(Hong Kong, overwhelmed by the dark clouds of financial war)
The difficulty of the Hong Kong government team is that it has to fight head-on with Jewish capital in the stock market, and at the same time keep a close eye on the foreign exchange market to prevent accidents.
Moreover, it is necessary to stop the Jews from fleeing to September in the futures market, otherwise, the battle line will be extended by a month, which will be unbearable for the Hong Kong government.
There are more stocks in the stock market, and in theory, Jewish capital will suppress the big blue chips, so the Hong Kong government must equip each big blue chip with a master trader.
(Hong Kong Stock Exchange)
As soon as the market opened on the 28th, the Hong Kong government team placed a huge amount of buy orders on all the big blue-chip stocks.
Jewish capital is also very rampant, and in just 5 minutes, it smashed a selling order of 3 billion Hong Kong dollars.
At this rate, a 240-minute transaction would require HK$144 billion, while the Hong Kong government's foreign exchange reserves were only more than US$82 billion at that time.
At the end of one trading day, a quarter of the Hong Kong government's foreign exchange was laundered, and all Chinese participants were nervous.
(Later, Hong Kong prospered again)
Fortunately, the leaders of the Central Army personally went to the scene to sit in battle, and also let the civilian soldiers deal with the Jewish capital minions who were making waves outside the big blue chips, and the Hong Kong government team was reassured.
Half an hour later, the Hong Kong government's 10 billion Hong Kong dollars had already been spent, and in 150 minutes in the morning, the city's turnover was 40 billion Hong Kong dollars, and the Hong Kong government team breathed a sigh of relief.
Unexpectedly, as soon as the market opened in the afternoon, Jewish capital was menacing.
The huge amount of selling is like a sea bursting out wildly, and the Hang Seng Index is rushing 300 points and rushing all the way to 7500 points!
The Hong Kong government team immediately smashed 30 billion buys in HSBC Holdings, and forced the Hang Seng Index above 7,800 points.
(Hong Kong wins the financial battle)
At the last moment of the decisive battle, the bell rang at 16 o'clock, and the Hang Seng Index pulled down the curtain of the day at 7829 points.
Hong Kong's financial defense battle was won, the trading room was full of cheers, and everyone's tears couldn't help but burst out of their eyes.
It was a tragic battle, with the Hong Kong government spending nearly HK$120 billion in foreign exchange and earning more than HK$2 billion in returns, with Hong Kong residents losing more than HK$700,000 per capita.
Jewish capital lost more than HK$1.2 billion, the worst loss in any financial war launched by Jewish capital.
Resources:
Unveiling the Legendary Life of Soros, a financial predator.CCTV,2011-08-02
40 Moments in 40 Years|Hong Kong Financial Defense: Hong Kong Government vs. Soros.China Economic Weekly,2018-12-11