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Chapter 1419: Chapter 1266: Announcement (Please Subscribe!)
The news came out.
It didn’t cause much of a sensation in the United States.
Fifteen billion dollars?
No big deal!
Only those involved in investment paid attention to it.
And sure enough.
Major financial markets around the world were also monitoring the situation, wanting to see how the Asia Dollar would deal with this crisis of trust.
However.
They didn’t believe that the IMF would intervene, as it was an ace up the sleeve of the United States and not entirely under Wall Street’s control. It’s not something that the IMF could decide unilaterally to specifically target a country.
...
Even though it was night.
There was still significant attention to the matter in Asia.
It wasn’t that they didn’t trust the Asia Dollar, but they were considering the underlying conflicts of interest. If the situation escalated further, it could likely impact their investments in Myanmar, which was certain.
Many people couldn’t help but voice their complaints.
Just one company less.
And you’re ranting about wanting to draw your knife and flip them over, can’t you show some decency? Isn’t the meat on U.S. Stocks enough for you? I finally found a way to make some earnings, and here you are causing trouble.
Tsk.
And Wall Street, of all places.
Embarrassing.
...
Shanghai Stock Market.
After reading the article, Tang Qing chuckled to himself.
Unlike what others thought, according to the investigation, this article did not originate from those on Wall Street, but from the South Korean chaebol. It was just made to look highly misleading.
No one would have thought.
That the instigators.
Would be these people.
The reason was simple.
Envying, and even bearing a bit of a vengeful sentiment over the high medical fees charged to South Koreans who came for cancer treatments, and even the origin was somewhat related to the fighters.
This made Tang Qing chuckle bitterly.
Some things.
Are indeed unpredictable.
The matter had to be traced back to the ’Emergence of South Korean Chaebol Plan’, which aimed to overturn the existing chaebol structure within South Korea. For this purpose, claiming that South Korean banks did not provide medical loans to its citizens, the fighters carried out some operations.
Attracting hatred.
Transference.
Now.
More and more South Korean citizens took to the streets, demanding that commercial banks, like Huaxia, provide medical loans for them, mainly targeting the banking institutions controlled by the conglomerates.
However.
The South Korean chaebol were unyielding.
They also controlled the media. n𝚘𝚟𝚙𝚞𝚋.𝚌o𝚖
Suppressed these issues from surfacing. This time, seeing the Myanmar Stock Market kick off, a few conglomerates thought, dang, I’m being targeted here while you seem to be having too much fun, this can’t be tolerated.
So.
They planned this scene.
Hoping to cause trouble for Ling, not allowing Ling to be too happy. At any rate, they had to infuriate Ling, otherwise, they wouldn’t live down the days they’ve been cursed online by numerous South Koreans.
Such motives.
Also made Tang Qing laugh.
Fine.
Since you want to watch the show.
I’ll let you see.
Who really controls the play.
...
South Korea.
It was also night.
Inside a large villa in Busan.
Kim Siwoo was grinning as he looked at his masterpiece. As the chief executor, he was excited about the control he had, which was a pity, this news couldn’t make it big, its annoying factor was limited.
However.
As long as it annoyed Ling.
That was good enough.
"It’s too late now, Myanmar will probably have a meeting tomorrow to discuss this issue. Let’s sleep first. Tomorrow morning, Ling might have to come out to rescue the situation. Haha, I don’t believe you can use the Myanmar Bank Group to support a national currency by yourself."
Their South Korea was an example.
Several conglomerates.
Controlled the economy of South Korea.
Yet.
Precisely because of that.
Even though South Korea is among the developed countries.
It has been unable to internationalize the Korean Won.
Very few countries recognize the Won as a reserve currency or have reserves in Won. Everyone would rather hold Yen or RMB, but not the Won. The rise of the Asia Dollar is something they could not accept for their pride’s sake.
Yen and RMB aside.
One with the second largest GDP in the world, the other third, while they were only thirteenth.
South Korea could accept that.
But why the Asia Dollar?
Moreover.
They had once proposed to let South Korean products be included in the product catalog to the Myanmar side. Yes, they were added but only because high-end electronic products couldn’t go without some of their proprietary technology.
However.
On the African side.
Consumption tended to favor Huaxia’s products, often for essential needs. Others might need washing machines, but not necessarily computers, mobile phones, or high-definition TVs, leading to them barely making any money.
As for selling mid to low-end products?
Heh.
Don’t forget, Huaxia was also playing this game.
People saw the price.
And directly skipped past.
Unable to take a bite of the Commodity Loan, then maybe getting a piece of the Project loan? Not happening either, with the project schedules and pricing required by the loan-taking country, South Korea simply could not compete with Huaxia, ending up with no advantage whatsoever.
The frustration.
Was stored for quite a while.
The most speechless part for them was.
Some of the factories on Ling’s side.
Seemed to have some technology, according to the investigation, they were even ’black factories’ that could produce technologically advanced products. These products entered the markets of various countries, causing them to earn much less.
In short.
Old grudges and new.
This time to collect some interest.
The rest.
We shall see as time goes by.
...
The next day.
Early morning.
In Naypyidaw.
Ling called for an emergency meeting.
Inside the conference room.
The atmosphere was a bit eerie. Tomorrow was the day the stock market would open, such rhetoric wouldn’t bother the average person, but to a certain scale of capital, no piece of news would be overlooked.
"How do we solve this issue?" Ling asked.
"This article is highly likely to have come from Wall Street’s hands, but we can’t be completely sure as no institution has responded yet. The approach doesn’t fit, that’s one doubt. However, right now, the priority isn’t to figure out who’s behind it, but to resolve it."
Kan Qin was the first to express his opinion.
"What do you think we should do?" Ling gave Kan Qin a smile.
"I think we could reveal one of our aces ahead of time." Kan Qin was not worried at all, Ling had discussed this with him before the meeting and asked him to bring it up.
Since Ling had taken charge.
He hadn’t been too autocratic.
During meetings.
It was often them discussing first, coming to one or several conclusions, and then Ling would finally speak, though sometimes he directly vetoed everyone’s suggestions and forcefully passed his own.
But most of the time.
They were taken into consideration.
With that said, everyone’s eyes suddenly brightened. Yes, they had a trump card, just planning to gradually reveal to the outside world by the end of the month. If they revealed it earlier, it was acceptable.
"Okay, it’s settled then." Ling decided.
The meeting ended.
Very soon.
Just ten minutes later.
A piece of news.
Shocked the entire world.
The Myanmar Bank Group suddenly announced that two years ago, they discovered a super gold mine within the Myanmar Economic Zone. After long periods of day and night mining, they finally depleted the gold mine.
At this point.
The gold reserves of the Myanmar Bank reached an astonishing 2,650 tons, valued at approximately 66 billion dollars, which equates to 530 billion Asia Dollars. These gold reserves would be part of the issuance guarantee for the Asia Dollar.
