Chapter 352: An economic crisis is brewing

Han Songlin looked at the information and was a little tempted; these industries were, without a doubt, high-quality industries, and if bought, could reap extremely high returns in the future. 'I can't take the sales company, can you find someone to take over?'

Zhou Tong nodded: 'That's not difficult. Don't worry, I'll take care of it.'

There is never a shortage of people in the capital city who can take over the sale of white wine, it just depends on whether you can find the right person.

Zhou Tong is quite familiar with the capital city and can naturally find the right candidate.

'As for the real estate company, I can take it over. Do you want cash or something else?'

'I want Fuxing motorcycles and motorcycle parts.' Zhou Tong discovered that trading and the like really made a lot of money.

A motorcycle could bring in at least 200 US dollars in revenue.

The economy of Southeast Asia is currently booming, and all four Asian Tigers are Southeast Asian countries.

In addition to trade, Zhou Tong also discovered something else.

The entire Siam has problems with economic policy.

After the big speculation in Nanhai Province, Zhou Tong now also saw the problems in Nanhai in Siam.

'Yes!'

In other words, Han Songlin does not need to pay cash, he only needs to give Zhou Tong motorcycles and spare parts.

'Why are you withdrawing from the country?' Han Songlin was curious. Just making money from trade didn't seem to be the main reason.

Zhou Tong looked up at Han Songlin, then at Zhang Yue and Tang Yan. There were only four of them there.

After a moment's thought, Zhou Tong felt that there was nothing to be afraid of.

Zhou Tong's tone was quite certain: 'I think the Siamese economy is going to collapse.'

Han Songlin was a little taken aback by this confident tone; looking at Zhou Tong in surprise, he naturally knew that Siam's economy was going to collapse in 1997, because that was what had really happened in history.

It seemed that everyone only talked about the reason for Siam's economic collapse being because of Soros, because Soros was stirring up trouble.

But the occurrence of every event is composed of internal and external factors, with the internal factor being the main cause and the external factor only playing a catalytic role.

Of course, the push from external factors can make the internal factors become more serious.

'So, you want to eat a bite of meat when the Siamese economy collapses?'

Zhou Tong revealed a different kind of smile: 'Why not? Instead of letting other people eat the meat, why not do it myself.'

Han Songlin didn't say anything, objecting to what Zhou Tong was going to do?

He was not such a saint.

As for what would happen to Siam after the economic collapse, and how many families would be ruined and separated, Han Songlin really didn't care.

He would feel a little sympathy in his heart, but what needed to be done still had to be done.

'Why are you so sure that Siam's economy will collapse?'

Zhou Tong changed to a more comfortable sitting position: 'There is a problem with the exchange rate between the Thai baht and the US dollar!'

Han Songlin looked surprised: 'The baht has been artificially overvalued for many years, so why do you think there will be a problem now?'

'Siam's economy has already begun to have problems.'

'Why do you say that?'

'Siam's foreign debt is now beyond Siam's ability to repay. Once foreign capital outflows exceed inflows, Siam simply does not have enough foreign exchange reserves to deal with it, and currency devaluation will be inevitable.'

'In addition, a real estate bubble has already begun to form in Siam, and I believe it will soon become very large. Once it bursts, the consequences will be very serious. Siam is not like our country.'

The property bubble in the South China Sea has caused domestic banks to suffer heavy losses, but they are still able to absorb them.

However, if Siam suddenly collapses, it will be unable to cope due to its weak strength and thin foundation, and it will simply collapse.

Han Songlin did not say anything, stroking his chin with his hand. He was hesitating, wondering whether to tell Zhou Tong some information, or to use Zhou Tong to get a share of the profits.

He naturally knew about the 1997 Southeast Asian economic crisis, and was also very clear that this crisis was actually an opportunity for China.

As mentioned before, if China wanted to take over the global industrial transfer and become the destination of the global industrial transfer, then it would have to face competition from one place, and that place was Southeast Asia.

How did the Four Asian Tigers and Four Asian Tigers rise?

It was because they took over the global industrial transfer.

'Do you know Soros?'

Who is Soros?

Zhang Yue and Zhou Tong looked puzzled.

In the current non-Internet era, there is indeed some lag in obtaining information.

The name Soros spread in China, and it was amplified after the Battle of Hong Kong, especially in the Internet era.

Tang Yan asked uncertainly, 'Are you talking about the one who speculated against the British pound in 1992?'

Han Songlin nodded with a light smile, "He was also involved in the Mexican financial crisis.'

The Mexican financial crisis had just passed not long ago, just a few months ago.

'Have you noticed that Mexico and Siam have something in common?'

Tang Yan: "Foreign exchange!'

Han Songlin looked at Tang Yan in astonishment, his heart filled with a sense of surprise. Tang Yan is amazing!

'Tell me!'

'I studied the Mexican financial crisis at school, and the trigger was the devaluation of the peso. The reason for the devaluation of the peso was that its foreign exchange was insufficient to support the exchange rate at that time.'

'At that time, Mexico artificially pegged the peso to the US dollar and implemented a fixed exchange rate, causing the value of the peso to be overvalued. However, Mexico's exports were weak, while imports increased significantly, resulting in a huge current account deficit, which grew from 4.1 billion US dollars in 1989 to 28.9 billion US dollars in 1994. A huge deficit emerged. In addition, Mexico had a huge foreign debt, and there was simply no way to repay the foreign exchange it held. When the foreign debt matured and the money could not be repaid, then it was all over.'

'Although I don't know much about the situation in Siam, it seems that Siam is quite similar to Mexico nowadays.'

'Siam is now facing problems in its own economy, so the overvaluation of the Thai baht will become a target for international speculators to attack, and Siam is completely unable to deal with such attacks.'

'What's more, international speculators can even artificially create some things to aggravate the problems in Siam's economy.' Tang Yan's mouth curled up into a smile as she said this.

Because it seemed that a way to get rich had appeared before them.

Zhou Tong looked at Tang Yan in surprise. He had underestimated the girl; she was indeed extraordinary to be valued by Han Songlin and even considered his sworn sister.

'Siam's economy already has problems. Now, it's just a matter of time before a fuse is lit.' Zhou Tong even had the thought in his heart of whether he should light the fuse himself.

Tang Yan rested her chin in her hands and said, 'If there is a problem in Siam, the existence of ASEAN means that other Southeast Asian countries will inevitably be affected. And South Korea and the island countries, which have large investments in Southeast Asia, will inevitably also have problems. By then, the crisis in Siam will inevitably evolve into an economic crisis that sweeps across Asia.'

Zhang Yue's eyes shone as he said, 'If we do something about it, we can reap huge profits!'

Money is the best incentive for people!