In 1997, Hong Kong's financial defense war: China used 140 billion yuan to bombard, and Jewish capital never lost so badly
[The content of this article is from official and reliable sources, and it has been posted at the end of the article.] 】
The first time that Jewish capital fought China occurred in the late Qing Dynasty, when the Qing court was crushed under the blow of Jewish capital, but Soros was still on the road of "fighting monsters and escalating" at that time.
Soros was born into a Jewish family in Budapest, and when he was young, the entire Jewish community lived in the shadow of the Nazis.
In order to survive, the Soros family fled Nazi Hungary and traveled all the way to London, England, where they studied at the London School of Economics and Political Science.
After that, Soros moved from Britain to the United States to engage in stock trading. In the midst of Wall Street, where money is drunk and money never sleeps, Soros has learned to take advantage of tricks and deceit, and after making a fortune, he has not forgotten to give himself the coat of a "philanthropist".
Since the beginning of the 20th century, Soros has gradually become a super speculator who is well versed in the way of "picking chestnuts from the fire", and has become the leading big brother of Jewish capital.
In 1969, Soros enlisted his friend Rogers, and the two together formed the Double Eagle Fund, the predecessor of the Quantum Fund, which was feared by central banks around the world.
Driven by Soros and Rogers, the Quantum Fund soon became the focus of the international financial street.
In the 90s of the 20th century, the Quantum Fund launched several large-scale currency sniper wars, with a ferocious style and strong financial resources, the Quantum Fund set off a bloody storm in the international goods market, and repeatedly succeeded in launching attacks on currencies with weak foundations.
Countries such as Britain and Italy in Europe and Mexico in the Americas have all suffered heavy losses from the Quantum Fund.
During the 1997 Southeast Asian financial crisis, the Quantum Fund played the role of a sniper, selling the baht in large quantities, forcing Thailand to abandon the fixed exchange rate and move free-floating.
But the Thai government soon became insistent, and more than 15 billion yuan of foreign debt was wiped out in the blink of an eye, and Thailand's financial market erupted into an unprecedented financial crisis.
The crisis soon spread to all regions and countries in Southeast Asia where currency convertibility was freely practiced, and almost all of Southeast Asia's major currencies, with the exception of the Hong Kong dollar, depreciated sharply in a short period of time.
And this time, Jewish capital swept away dozens of dollars from Thailand, and then took advantage of the victory to chase and sweep through various countries in Southeast Asia, and the collapse of the monetary system of Southeast Asian countries also triggered domestic inflation and a large number of foreign capital withdrawals, casting a shadow on the economic development of Southeast Asia.
But Jewish capital did not retreat because of this, and after cutting a wave of leeks, Soros set his sights on Hong Kong. In fact, long before Hong Kong's return to the motherland, Soros thought about creating a large-scale financial panic in Hong Kong, but there was no suitable time to enter the market.
It wasn't until after the Thai baht explosion that Soros saw an opportunity, and from October 1997 to June 1998, international speculators made a lot of profits by sniping the Hong Kong dollar three times.
As a result, Soros smashed the market frantically in August 1998, and the original Hong Kong, foreign exchange market, and stock market became stormy under the operation of international speculators. When Soros, a "financial predator", joined the battlefield, Hong Kong was once reduced to a "super cash machine" on Wall Street in the United States.
Although the Hong Kong government has also resisted hard, it is too difficult to really snipe at Jewish capital, and they must not only fight against Jewish capital head-on in the stock market, but also keep a close eye on the foreign exchange market to prevent Jewish capital from attacking the west.
Because the stability of the exchange rate is related to the stability of the people in the region, the government has to bail out the market, and more importantly, the financial resources of Jewish capital are very strong, and it is almost difficult to compete with Jewish capital on its own.
But behind Hong Kong is China, and at this critical moment, the central government has set up a special team and equipped with funds to decisively intervene and start a showdown with the Jewish capital led by Soros.
In the end, with the efforts of everyone, Hong Kong won this war without gunpowder.
Although the result was good, Hong Kong paid a terrible price, spending nearly 120 billion Hong Kong dollars in foreign exchange, and only getting a return of more than 2 billion Hong Kong dollars, on average, each Hong Kong resident lost more than 700,000 Hong Kong dollars.
Jewish capital lost more than 1.2 billion Hong Kong dollars, just looking at this data, I feel that Jewish capital has not lost much, but this is already the worst loss of Jewish capital since it launched many financial wars.
Now, decades later, China has not only survived the uncertain phase of full integration into the world financial system and trade, but has also grown into the world's second largest economy, indicating that China has become an important variable in driving changes in the global order.
References: "CCTV: Uncovering the Legendary Life of Financial Predator Soros.2011-08-02", "China Economic Weekly: Hong Kong's Financial Defense War: Hong Kong Government vs. Soros, 2018-12-11", "China.com: Why Soros Wants to "Defeat China"?, 2019-9-27"
