Six hundred and fortieth chapters wind and rain are coming
This is an ordinary Christmas. The streets are filled with a strong Christmas atmosphere, and the lights and colorful decorations are very lively.
However, due to the policy of boycotting cultural imports in recent years, everyone’s feelings about Christmas are actually not so strong.
In fact, everyone's love for Christmas does not mean they like this holiday, but love all holidays. And such a romantic holiday as Christmas is naturally loved by many young couples.
"Come on, one apple for everyone!" The general manager of Huaxia Magic Capital Currency Exchange came in with several staff members pushing a small cart, "One apple for each person, today is Christmas, foreigners are on holiday, everyone
Today’s work should be relatively easy, we will try to get off work at four o’clock!”
All the staff members' faces suddenly showed expressions of excitement.
Although it is a state-managed organization, it is not so easy for those in the high-finance industry. They must not only maintain transaction volume, but also maintain the balance of the currency market.
The importance of the currency market to a country is unquestionable. It determines the exchange rate of a country's currency and international currencies. If huge fluctuations occur, the impact on a country will be very large.
For example, if the exchange rate of the Chinese currency drops over a period of time, the direct result will be a devaluation of the Chinese currency and an increase in the cost of imports, which will lead to an increase in the overall price level and directly reduce international purchasing power.
What follows is severe inflation. As for the consequences of inflation, anyone who has learned a little bit about economics will naturally understand it.
However, if the currency exchange rate rises, it will cause a lot of foreign investment costs to rise. The result is that a large number of foreign-funded companies will withdraw from China, which is not a good thing for China, whose infrastructure is not very complete.
Therefore, in the exchange rate market, it is very important to keep the exchange rate fluctuating within a stable range. Once large fluctuations occur, the country will inevitably need to invest a large amount of funds to stabilize market fluctuations.
Zhang Mengyu's ancestors caused financial crises by attacking the currency markets of other countries.
The most iconic examples of this are Germany in 1923 and Venezuela in 2018.
At the beginning of 2018, one U.S. dollar could be exchanged for 10.3 Venezuelan bolivars, but 11 months later, one U.S. dollar could be exchanged for 248,520 Venezuelan bolivars.
In less than a year, the currency has devalued tens of thousands of times!
Anyone who knows this period of history will know that the initiator of this financial catastrophe is the United States.
Most of Venezuela's foreign exchange reserves are in U.S. dollars, and their economy is based on oil, which is priced in U.S. dollars around the world.
Because they offended the United States for some reason, they directly imposed an economic blockade on them, and Venezuela is only a small country without much foreign exchange reserves. Unlike China, it can still find various ways to curve even if it is sanctioned.
To save the country, we can only use dollars to save the country!
Therefore, Venezuela's U.S. dollar foreign exchange was quickly exhausted. Domestic agriculture and industry could not meet the people's living needs, and there was no imported foreign exchange.
Subsequently, in order to meet the needs of the people, Venezuela could only temporarily solve this problem by printing a large amount of banknotes. However, because the amount of money printed was so huge, it also commissioned other European countries and some underground banknote printing plants to print together.
But you must know that the market has the ability to adjust itself. Printing money can save the country in a short time. But once the market adjustment catches up, inflation will naturally form. Prices will increase ten thousand times. No matter how much money you have, it will be useless.
!
In the end, they couldn't even afford the freight to transport the money home. The international reputation of the currency had been lost and it had become worthless. The country was flooded with dollars and euros, and the entire market and national economy had been completely controlled by foreign capital.
At that time, all kinds of gold jewelry, antiques, artworks, and even houses had become garbage, and a lot of money fell on the ground without anyone picking it up.
At this time, the only thing of value is food, because currency has become garbage and people can no longer afford to work.
With these lessons learned, various countries have begun to establish specialized organizations to deal with this situation, and the country has also provided a large amount of foreign exchange support to stabilize the exchange rate market in case of a similar situation.
In the currency trading market of Shanghai, there are a large number of traders, numbering in the hundreds. Their task is to keep an eye on the currency market every day and respond to emergencies at any time.
So far, no matter how big the financial bomb is, these teams have been able to control exchange rate fluctuations within a very reasonable range after taking over. Over the years, the biggest impact has been that the single-day fluctuation has not exceeded 1,000.
point, which is 10%, and the operations in the next period of time will immediately reverse this fluctuation to the greatest extent.
The country's competitive stability is inseparable from these elites. Of course, the income of these people is very high. Even some junior traders have an annual salary of 500,000 to 800,000. Correspondingly, the income of these elites is very high.
The threshold is also very high.
"Okay, everyone, cheer up. Don't take it lightly just because today is a special day. Last Christmas, the international hot money sneak attack on us without any morals and killed our exchange rate of 500 points. If we hadn't responded in time, this time
Bo is really going to have his house stolen!"
"Hahaha, supervisor, if you only play two games of King of Glory, you won't be able to say such words."
"Don't worry, we'll keep an eye on it while we eat, there won't be any problems!"
"Yes, the last time was eight or nine years ago. Now that our economy is so strong and our foreign exchange reserves exceed US$3.2 trillion, which international hot money dares to play with us?"
"Unless their funds are more than twice ours, they won't be able to shake us."
"Hahaha, that's right! As long as they dare to come, we will rip a pile of wool off their bodies!"
"I'm just going to remind you not to capsize in the gutter!"
"knew!"
The traders opened their own operating systems while eating breakfast. In five minutes, it will be time to open the market.
"Ding dong!"
As the loud alarm clock rang, all the traders got into working mode, completely different from their lazy and casual look just now.
...
On the other side of the sea, another group of people were also on full alert.
This time, they have concentrated the resources of almost all financial traders in Europe and America, and a powerful team of thousands of people has been connected through a special IP address network.
“Has everyone’s funds been in place?”
"Don't worry, it was prepared a few days ago! We have prepared thousands of bank accounts and have enough ammunition!"
"Very good! We are fully prepared this time. We can play with them slowly. Let's give them a greeting first and give them some time to react. Even if we lose, we must make them convinced of their defeat!"
"Although China's foreign exchange reserves are 3.2 trillion, this time we have prepared ten times more funds than theirs. We don't even need to increase leverage. Just throwing money can paralyze them!"
"Hahaha, then let's go first from our European branch!"
"No matter who comes, according to our agreement, all profits will be divided according to the contribution after the operation is completed."
"no problem!"
The person in charge on the European side began to prepare for the attack!
Chapter completed!