Rebirth: Super Banking System - Chapter 2535 - 2373: Continuing to Flood the Market
Chapter 2535: Chapter 2373: Continuing to Flood the Market
U.S. consortium.
Just an assist.
After all.
Relying on them to deal a fatal blow to the Euro is unreasonable. The complex intermarriage relationships allow for disputes but never for a complete takedown.
Therefore.
Tang Qing just used the consortium to muddy the waters further.
The fatal blow.
Will come from the fighters.
By the time Portugal exits the Eurozone, the Euro will also be on a countdown. The time won’t be too long; by early next year, the plan will begin to wrap up.
By then.
The Asia Dollar will have only one enemy.
…
Any major devaluation of international currency is a feast for those who understand the trends. This Euro drop is no exception.
These past few years.
Making money.
Is a major task for the fighters.
In substance.
Finance.
Both major fields are making great strides. This time, with the Euro’s major drop, the fighters’ operations in the financial market were very lucrative, bringing in hefty profits.
This money.
Hundreds of billions.
Certainly won’t make Tang Qing, who can print money, very happy. But it is the stone that will hammer the Euro to the bottom, the ammunition to attack the Euro.
Otherwise.
This money.
Tang Qing wouldn’t even bother making it.
…
At this time.
Myanmar.
Naypyidaw.
Watching the chaos in Ou Meng, and the worsening situation in the Eurozone becoming unmanageable, Kan Qin couldn’t help but be a little dazed. What are they playing at?
Infighting?
Self-harm?
Uncomfortable without causing trouble?
In fact.
He didn’t really understand the European situation that well. He only knew that Asia Dollar was greatly expanding amid this Euro decline.
More than a month.
Over ten billion.
Just thrown out like that, he couldn’t help but marvel at Ling’s madness.
First.
Dare to crazily print over ten billion Asia Dollar, aren’t they afraid of a run on the bank? How will the exchange rate of the Asia Dollar be maintained? And the Myanmar Central Bank hasn’t stopped printing money.
Second.
Dare to throw stones at the Euro when it’s down, and once the Euro recovers, won’t they pick up knives to fight to the death with the Asia Dollar? Too exciting.
Kan Qin watched with trepidation.
Both scenarios.
Could put the Asia Dollar in jeopardy. Don’t forget, the U.S. and Europe were one family, merely two brothers running separate households. Each time, when the Euro and the Dollar fight.
It’s the onlookers who suffer.
Therefore.
Afterwards.
Once the brothers resolve their conflicts, if they turn and strike at others together, that would be a problem. Especially when the Asia Dollar is taking advantage of the chaos.
To be honest.
Kan Qin is sincerely worried.
It’s just.
All Asia Dollar affairs are managed by Ling. Saying Ling doesn’t see the danger, Kan Qin doesn’t believe. It’s just that Ling has his calculations.
However.
Not knowing those calculations, he can’t help but feel anxious.
…
Countries.
Have noticed the Asia Dollar flooding.
But haven’t paid much attention. Because how much Asia Dollar there actually is, that data is with the Myanmar Central Bank, and although all Asia Dollar transactions seem scattered across the world.
However.
All the total accounts are within the Central Bank. Just like the Dollar, besides cash, any electronic dollar transaction globally.
Is on U.S. soil.
Therefore.
The outside knows about Asia Dollar flooding, but exactly how much, there’s no accurate data. Many countries guess it might be several hundred billion.
Or even over a trillion.
A lot?
Yes.
But.
They haven’t wavered in their confidence in the Asia Dollar.
It’s very simple.
Now.
It’s November, with the next subscription only three months away. By then, the Myanmar will likely receive orders still exceeding $400 billion.
Due to offers.
Among them.
Over three-fourths of transactions will likely be converted into Asia Dollar. Hence, the returning Asia Dollar to Myanmar may exceed $1.2 trillion.
So.
As long as it’s not too outrageous, they’re not worried about the Asia Dollar flooding.
…
Under these expectations.
Late November.
Two weeks.
In just two short weeks.
The Asia Dollar’s flood scale exceeded one trillion. Many are converting into Asia Dollar in advance, preparing for March next year, to pay subscription fees.
At this time.
The Asia Dollar’s massive flooding.
Shocked the world.
On the 30th.
The Myanmar Central Bank announced in the past two months, the flood scale was 2.6 trillion Asia Dollar. Converted to dollars, it’s about $550 billion.
Instantly.
The world shook.
“God!”
“Has the Myanmar Central Bank gone mad? Printing so much? Second only to the U.S. previous quantitative easing.”
“Unbelievable.”
“Bold.”
“Don’t misunderstand, the printing of Asia Dollar, you can’t just look at the number, first off, this money, a large amount will return to Myanmar, purchasing their goods.”
“True, it won’t overflow.”
“Yes.”
“Secondly, the extra Asia Dollar can be seen as a supplement to the Euro’s payment market, fundamentally different from pure quantitative easing.”
“…”
Massive cleansing underground.
Panic?
No.
Because the explanation is very clear, they spend money, but they also have the capacity to earn, just like the U.S. trillions of quantitative easing, still doing fine.
Secondly.
The Asia Dollar’s money is not pouring into an already full pool, but replacing the Euro’s transaction market, and won’t cause a massive Asia Dollar overflow.
Fixed exchange rate.
Currency value stable.
In the end.
No negative impact was made on the Asia Dollar.
On the contrary.
Its position was more stable. Many people look back before October at the ’flooding amount’ of Asia Dollar, and with the 2.6 trillion, it’s already close to five trillion.
Truly crazy.
It’s almost reached the Asia Dollar’s ’credit limit’, fortunately not exceeded.
…
Eurozone.
Looking at this.
So angry!
Furious.
My side is already a mess, it’s acceptable that consortiums take advantage and loot, but how can a small Southeast Asian country seize the opportunity for a kick, it’s unbearable.
However.
There’s no way to deal with the Asia Dollar, their previous actions have shown that just relying on the Eurozone cannot shake the Asia Dollar. Now Ou Meng is a complete mess internally.
And has no time to handle anything else.
“The root cause of all these issues, protest, is still Portugal’s debt problem, why not just let it exit, and solve the internal pressure first.”
An important figure in Belgium spoke.
At this time.
Within the Eurozone countries, people resist high-debt members, while externally there’s resistance to Euro expansion. Truly cornered, extremely uncomfortable.
They can’t suppress it.
Upon hearing.
An expert agreed.
“This isn’t a bad idea, resolving Portugal’s issue will alleviate internal pressure, so we can focus on solving external problems.”
“No way, how can we abandon Portugal, what will outsiders think of us.”
“Then what do you propose?”
“Either way, it can’t be done.”
“Stubborn.”
“The cost of giving up is too high.”
“…”
For a while.
They argued. Both sides have valid points, but the main issue now is trouble both internally and externally. Once Portugal exits, internal disturbances could be eliminated.
Then.
As long as the Eurozone stands united, it can surely resolve this crisis, bringing the Euro back on track.
Suddenly.
During their argument, they heard a bang, and the room went silent. A look revealed it was an economist banging the table, with a suggestion:
“Why not let Portugal fake an exit?”
