Chapter 889 - I am patriotic
Chapter 889 – I am patriotic
“It’s not even the 15th day of the Lunar New Year, and you are leaving?” Feng Yu’s mother grumbled. “What are you busy with every day? What’s the use of having so much money, and you can’t even get a wife?”
“Mum… I am doing my part for society. Your son is noble, and there’s no hurry to get married.”
“Stop your bullshit. You think I don’t know what you are thinking? Be careful when you are outside. You must take care of yourself…”
“Enough… He still needs to be careful? He has so many bodyguards with him, and we should be glad if he doesn’t create trouble outside.” Feng Xingtai said and grabbed his briefcase to go to the Provincial Government for work. He is newly appointed and is passionate about his job. Yes, he also has a personal driver/bodyguard.
Feng Yu managed to escape while his mother argued with his father.
In Beijing, Feng Yu called Director Fang to arrange his meeting with Iron-Fist Zhu.
The next day’s afternoon, Feng Yu arrived at Zhongnanhai again. Feng Yu had been here several times, and he is envied by lots of people!
When Feng Yu entered the meeting room, he was surprised to see Iron Fist Zhu waiting for him inside. Feng Yu looked at his watch, and he is not late. It’s the leader who is early. Why did the leader arrive early for their meeting? Did anything significant happen?
Is it about the medicine he recommended to the Old Man? If there is anything wrong with the medication, he will be in trouble!
“Premier, Happy New Year.”
“Happy New Year to you too. Have a seat.” Iron Fist Zhu replied nicely. “Why do you look so nervous?”
“Ah? I am excited to meet you.”
Iron Fist Zhu laughed and shook his head. “You are not as honest as before. Alright. I called you over is because I am curious about why did you get so many loans from foreign banks with your companies’ shares? Don’t panic. We are watching your every movement. We know about this is because the government monitors Foreign companies in China, and your loan amount is too big for us to not notice it.”
“It’s very simple. China cannot let me get loans in USD.” Feng Yu replied.
“USD? Why do you need so much USD? Invest in overseas?”
“Yes. Some of it is for investing overseas, and the rest is for emergency uses.” Feng Yu nodded and replied.
“You used all of your assets in China to borrow money. It should not be for emergency uses. Are you facing some problems with your overseas investments? If necessary, the country can help.”
Huh? The country wants to help me?
Feng Yu is shocked. But he thought again and felt this should be normal. Feng Yu is Chinese, and most of his taxes are paid to China, and he had donated a significant amount every year. China also wants to support other people, but who else is as successful as Feng Yu?
“Leader, I will be honest with you. I might need the country’s help.”
Iron Fist Zhu sat upright. Feng Yu is asking the country for help? That means the problem he is facing is quite severe.
“Our country’s financial market started very late, but do you agree that a country’s financial market will affect that country’s economy?” Feng Yu asked.
“Although our financial market is not the main pillar of our country, it is crucial for us. In the future, we will focus on and develop our financial industry. In other countries, there are examples of the country’s economy collapsing due to their financial market.” Iron Fist Zhu understands the economy better than the rest of the leaders in this era.
“Currency exchange. Our country is using floating exchange rates, and the fluctuations depend on market demands and supply. The official exchange rates are only a reference. But no matter the exchange rate rise or falls, it will have an impact on the country’s economy, especially export-oriented economies.”
“We are not an export-oriented economy country, and the government will interfere to limit the fluctuations. Also, we have a strong foreign reserve, especially USD.” Iron Fist Zhu frowned as he replied.
“I know. Our country is weak in import and export, and this might seem to be a disadvantage. But it will prevent our currency from depreciating and stopping excess inflation. For example, in 1994, there are major changes between our exchange rates and the USD suddenly. The impact on our country’s economy is minimal, and we even gain from it. But what about Hong Kong?”
Iron Fist Zhu was shocked. “Hong Kong? What’s wrong with Hong Kong? Someone is targeting HKD?”
Feng Yu nodded and then shook his head.
“Not only HKD. The whole of Southeast Asia’s currency will be attacked. They are a group of greedy Jewish businessmen, and they specialize in speculations.”
Iron Fist Zhu looked at Feng Yu seriously. “How do you know about this?”
Feng Yu smiled and pointed to himself. “Because they invited me, and I agreed.”
“You are also going to attack Hong Kong?” Iron Fist Zhu was getting mad! You are Chinese, and Hong Kong is going to return to us. They are part of China. How can you help outsiders to attack us?
“No. I want to stabilize the HKD rates. But I alone am not powerful enough. I had contacted Hong Kong’s Superman Li, Fu Rongqi, and other Hong Kong tycoons, and they will act to keep Hong Kong’s stability. But our funds might not be sufficient, and when the times come, we might need the government’s assistance.”
Iron Fist Zhu cools down after he heard what Feng Yu said. “How do you want the country to help?”
“Money. We need USD and hope the country can use the foreign reserves to counterattack those international predators! We will teach them a painful lesson!”
“That should be no problem, but we still need to look into it. Are you sure this will happen?”
“I am sure. Next month, we will start this operation, and our first stop is Thailand.” Feng Yu replied confidently.
“Since you had joined them, that means you are going to participate in speculating those currencies?”
Feng Yu felt embarrassed, but he still nodded. “That’s right. I need to increase my funds to stop them. Also, I will understand how they operate. Furthermore, if those countries’ economies collapse, we will become the strongest in Asia.”
“Are you telling me that you are patriotic by earning this money?”
“Of course. Attacking the economies of Japan, Singapore, Indonesia, Malaysia, South Korea, and Taiwan will increase China’s influence in Asia.”
“Wait. Why is Taiwan included? Taiwan is also part of China. You are not helping them?”
“I don’t intend to help them. In fact, I will add fuel to the fire and make Taiwan’s economy worse. This way, they will not have money to buy arms from the US and will be obedient to us.” Feng Yu replied with a proud expression on his face.
Iron Fist Zhu: “……” What logic is this?!
Translator’s note: Here’s more information about 1997 Asian Financial Crisis.