Rebirth of the Entrepreneurship Era

Eric·Chou didn't know the specific reason, so he could only choke Xu Yiyang at this time: "Aren't you just a freshman studying English? You say that you are better than anyone else, and you know more about economics than anyone else. You said Come and listen!"

Xu Yiyang nodded: "Okay, then I'll talk to you."

As he spoke, Xu Yiyang continued: "To put it simply, Soros first raised a large amount of US dollars as collateral before the Thai baht collapsed, and borrowed the Thai baht from the bank. Although the US dollar is used as collateral, the specific process of the debt is : Soros borrowed Thai baht, so in the future he will also pay back Thai baht, you have to keep this point in mind, you will have to test it later.”

Eric Chou curled his lips: "What are you doing, what's the big deal?"

Xu Yiyang smiled and said: "When I finish speaking, you will know what is so great."

Afterwards, Xu Yiyang returned to the topic and said: "If the normal exchange rate between the US dollar and the Thai baht was 1:100 at that time, then Soros would use 100 billion U.S. dollars as collateral in exchange for 1 trillion baht;

Then, he went to the foreign exchange market to sell 1 trillion baht.

The amount of 10 trillion baht is too large. While he sold it, it caused the exchange rate to fall and the baht to fall. When he sold all the 10 trillion baht, he might only sell 90 billion U.S. dollars after taking into account the loss;

At this time, it seems that Soros lost 10 billion US dollars, but it doesn't matter, this loss is just a floating loss, and the time when he really makes money is still to come.

The sudden sell-off of 1 trillion baht itself will lead to a decline in the exchange rate and market panic. In addition, Soros deliberately spread rumors that the baht is about to collapse everywhere, increasing the market’s panic about the baht. Therefore, other people who are eager to sell the baht will follow him Selling the Thai baht, even ordinary people in Thailand will scramble to go to the bank to exchange the depreciating Thai baht into a more stable US dollar.

Therefore, the whole society thinks that the Thai baht is about to collapse, and the Thai baht will collapse in an all-round way. The exchange rate against the US dollar may suddenly drop from the previous 1:100 to 1:150;

Then you have to remember the key point I just said, Soros still owes the bank 1 trillion baht to be repaid, so he can repurchase the baht at the exchange rate of 1:150 at this time.

Under this collapsed exchange rate, Soros only needs to spend about 66.6 billion U.S. dollars to buy 1 trillion baht.

At this time, if he returns the 1 trillion baht he bought back to the bank, he will be able to get back his previous mortgage of 100 billion US dollars, and his account with the bank will be settled.

But how much money does he have left now?

Excluding the principal, when he sold 1 trillion baht, he got 90 billion U.S. dollars. After subtracting the 66.6 billion U.S. dollars he used to buy 1 trillion baht back to the bank, he left a net of 23.4 billion U.S. dollars! "

Speaking of this, Xu Yiyang looked at Eric Chou and said with a smile: "This is the way international speculators short the currencies of other countries. Let me summarize it for you. Shorting means first lending commodities to sell at high prices, causing panic in the market and triggering price fluctuations." Diving, and then buy at a lower price, and finally close the position, leaving the market with the difference. Do you understand?"

Eric Chou was stunned when he heard it. He didn't know whether what Xu Yiyang said was true or not, but the key point was that he found that he understood Soros's operation to make money, which was really embarrassing...

The people in the audience were also completely shocked by what Xu Yiyang said. In fact, most liberal arts students, even most science students, may not really understand how Soros shorted the Thai baht. I don't even know what it means, but now, they all understand it.

Seeing that he had nothing to say, Xu Yiyang said at this time: "Then, where did Soros earn the 23.4 billion US dollars in profit? In fact, it was snatched from the entire Thai people. Think about it, you Itself is a Thai middle class,

You have saved 10 million baht in the bank. Originally, this money could buy two houses. However, after Soros came to loot, the baht collapsed, and the purchasing power of the baht plummeted. I bought a house, and the total amount of money is not less than one penny, but the purchasing power is reduced by half. Where does this house go? Of course it went to Soros. "

"So, let's go back to your stupid question just now. Why can't the Thai government deal with Soros? This is mainly because the Thai government has too little foreign exchange reserves, and there is no way to fully take over when Soros sells the baht. Stabilize the exchange rate, so this is the fundamental reason why the Thai economy was sniped by Soros and set back 20 years."

At this time, Xu Yiyang said very seriously: "After Soros sniped the Thai baht and triggered the financial turmoil in Southeast Asia, he used the same method to snipe the Hong Kong dollar. This is what you said, the 1998 financial turmoil."

"However, both the mainland and Hong Kong have foreign exchange reserves that far exceed those of Thailand. At that time, the mainland government had the world's second largest foreign exchange reserves, and Hong Kong's foreign exchange reserves the world's third. In addition, the mainland government has publicly expressed its strong support and publicly stated that it will do whatever it takes. The price is to protect Hong Kong's finances, and the mainland government has used practical actions to make Soros understand that he is not only attacking Hong Kong, but the entire China!"

"Why did Soros lose, and why was he afraid? Because the Hong Kong Special Administrative Region and the Mainland government have joined forces to stabilize the exchange rate, stabilize the stock market, and stabilize people's hearts. Under such circumstances, it is almost impossible for Soros to trigger a collapse of the Hong Kong dollar by selling the Hong Kong dollar. , because of the strong foreign exchange reserves of China as a support, we can receive as much as Soros throws away, and we will never let the exchange rate of the Hong Kong dollar drop, and it is precisely because of this that Soros returned home from Hong Kong!"

Speaking of this, Xu Yiyang raised his volume a bit, his tone became serious and sharp, and said coldly: "In the final analysis, the credit for driving away Soros and maintaining Hong Kong's financial stability is not entirely due to the mainland, nor is it entirely due to the Hong Kong Special Administrative Region. It belongs to the entire Chinese people, so you said just now that Hong Kong survived by relying on its own strength, this argument is also completely wrong."

"The reason why you make such a mistake is entirely because you are too ignorant, so ignorant that you don't even understand the working principle behind the whole thing, so you just talk nonsense, talk nonsense, and make random conclusions!"

"Your ignorance is like me when I was three years old! At that time, I also thought naively and ignorantly that the car was driven by the driver's foot, and that the driver was the most powerful person in the world, because he was alone, If you step on it with two legs, you can move a car and its passengers;”

"However, when I was four years old, I knew that the car can run, not the driver's effort, but its engine burning gasoline!"

"You are still in your 20s and a senior at a prestigious university. Why can't you understand such a simple truth? Is your IQ not as good as that of a four-year-old?"

"Besides, in my opinion, you are not only ignorant and childish, but also extremely arrogant and blindly arrogant! You only have a half-knowledge about many things, and even don't understand shit, so you dare to open your mouth and talk nonsense irresponsibly. The basic literacy has refreshed my understanding of the high-achieving students of the University of Hong Kong!"

Being repeatedly attacked by Xu Yiyang, and unable to fight back at all, Eric Chou's expression was extremely ugly, his face was frighteningly red, and his whole body began to tremble.

At this time, Xu Yiyang sighed, and continued: "Actually, there is one thing I want to tell you from the very beginning, that is, your spoken English is really bad in my opinion, and it often gives me a headache when listening to you speak. "

"You said it yourself, you learned English in a more developed, more prosperous, and more open environment since you were young. Why is your English not as good as mine? In my eyes, your vocabulary is so weak that it is scumbag."

"Besides, you keep saying that English is your second mother tongue. You have received bilingual education since you were young, and you have studied in the English Department of the University of Hong Kong for four years. All four years are taught in English. Why is your spoken language not as good as mine? I don't have any. Living in such an excellent environment as you mentioned, and I am only a freshman, why is my spoken English so much better than yours?"

When Xu Yiyang said this, Eric Chou was already going crazy.

Xu Yiyang went on to say: "Look at you, your spoken language and vocabulary are far inferior to mine, you don't understand as much as I do, and you don't understand logic as well. You can't do anything alone, you can't eat enough, you can't stop bragging. I am an adult mentally handicapped, but I still insist on talking to me to death, like moths to a flame, and keep hitting my gun, what do you mean you are not stupid?"

Eric·Chou had almost collapsed, and beads of sweat kept dripping from his cheeks.

He grew up so big, he had never suffered such a big blow, and his whole body was completely trampled under by Xu Yiyang.

Xu Yiyang looked at him, sneered, and said: "One last piece of advice to you, ignorance is never a fatal problem, stupidity is!"

As soon as these words fell, the audience fell silent!

Xu Yiyang kept talking like a machine gun, never giving Eric Chou a chance to fight back, all the ammunition fell on him accurately, beating him like a sieve.

Many Hong Kong university students were a little bit embarrassed. Eric Chou was so embarrassing today that they all felt their faces were hot.

The two students around Eric Chou who were originally planning to assist him and help him output firepower were now pale with fright.

Fortunately, I didn't talk too much, otherwise, these powerful and suppressive firepower may eventually pour on me...

Eric·Chou didn't know how to end himself.

He has never been so embarrassing in his life. He is known to be eloquent, but in front of Xu Yiyang, he is as weak as a three-year-old child.

Especially Xu Yiyang's ridicule of his spoken language and vocabulary, it's not heartbreaking, it's heartbreaking!

He had been tense for too long, and finally felt a buzzing sound in his head. He suddenly stood up, threw the microphone to the ground, and rushed out of the auditorium, leaving behind a large group of shocked audience, with a look on their faces. The smiling Xu Yiyang...