Extraordinary Genius Chapter 889

Extraordinary Genius

Chapter 889 - I am patriotic

"It's not even the 15^th day ofthe Lunar New Year, and you are leaving?" Feng Yu's mother grumbled. "What areyou busy with every day? What's the use of having so much money, and you can'teven get a wife?"

"Mum… I am doing my part for society. Your sonis n.o.ble, and there's no hurry to get married."

"Stop your bulls.h.i.t. You think I don't knowwhat you are thinking? Be careful when you are outside. You must take care ofyourself…"

"Enough… He still needs to be careful? Hehas so many bodyguards with him, and we should be glad if he doesn't create troubleoutside." Feng Xingtai said and grabbed his briefcase to go to the ProvincialGovernment for work. He is newly appointed and is pa.s.sionate about his job.Yes, he also has a personal driver/bodyguard.

Feng Yu managed to escape while his motherargued with his father.

In Beijing, Feng Yu called Director Fang toarrange his meeting with Iron-Fist Zhu.

The next day's afternoon, Feng Yu arrivedat Zhongnanhai again. Feng Yu had been here several times, and he is envied bylots of people!

When Feng Yu entered the meeting room, hewas surprised to see Iron Fist Zhu waiting for him inside. Feng Yu looked athis watch, and he is not late. It's the leader who is early. Why did the leaderarrive early for their meeting? Did anything significant happen?

Is it about the medicine he recommended tothe Old Man? If there is anything wrong with the medication, he will be introuble!

"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 amcurious about why did you get so many loans from foreign banks with yourcompanies' shares? Don't panic. We are watching your every movement. We knowabout this is because the government monitors Foreign companies in China, andyour loan amount is too big for us to not notice it."

"It's very simple. China cannot let me getloans in USD." Feng Yu replied.

"USD? Why do you need so much USD? Investin 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 a.s.sets in China toborrow money. It should not be for emergency uses. Are you facing some problemswith your overseas investments? If necessary, the country can help."

Huh? The country wants to help me?

Feng Yu is shocked. But he thought againand felt this should be normal. Feng Yu is Chinese, and most of his taxes arepaid to China, and he had donated a significant amount every year. China alsowants to support other people, but who else is as successful as Feng Yu?

"Leader, I will be honest with you. I mightneed the country's help."

Iron Fist Zhu sat upright. Feng Yu isasking the country for help? That means the problem he is facing is quite severe.

"Our country's financial market startedvery late, but do you agree that a country's financial market will affect thatcountry's economy?" Feng Yu asked.

"Although our financial market is not themain pillar of our country, it is crucial for us. In the future, we will focuson and develop our financial industry. In other countries, there are examplesof the country's economy collapsing due to their financial market." Iron FistZhu understands the economy better than the rest of the leaders in this era.

"Currency exchange. Our country is usingfloating exchange rates, and the fluctuations depend on market demands andsupply. The official exchange rates are only a reference. But no matter theexchange rate rise or falls, it will have an impact on the country's economy,especially export-oriented economies."

"We are not an export-oriented economycountry, and the government will interfere to limit the fluctuations. Also, wehave a strong foreign reserve, especially USD." Iron Fist Zhu frowned as hereplied.

"I know. Our country is weak in import andexport, and this might seem to be a disadvantage. But it will prevent ourcurrency from depreciating and stopping excess inflation. For example, in 1994,there are major changes between our exchange rates and the USD suddenly. Theimpact on our country's economy is minimal, and we even gain from it. But whatabout 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 SoutheastAsia'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 toreturn to us. They are part of China. How can you help outsiders to attack us?

"No. I want to stabilize the HKD rates. ButI alone am not powerful enough. I had contacted Hong Kong's Superman Li, FuRongqi, and other Hong Kong tyc.o.o.ns, and they will act to keep Hong Kong'sstability. But our funds might not be sufficient, and when the times come, wemight need the government's a.s.sistance."

Iron Fist Zhu cools down after he heardwhat Feng Yu said. "How do you want the country to help?"

"Money. We need USD and hope the countrycan use the foreign reserves to counterattack those international predators! Wewill teach them a painful lesson!"

"That should be no problem, but we stillneed to look into it. Are you sure this will happen?"

"I am sure. Next month, we will start thisoperation, and our first stop is Thailand." Feng Yu replied confidently.

"Since you had joined them, that means youare going to partic.i.p.ate in speculating those currencies?"

Feng Yu felt embarra.s.sed, but he stillnodded. "That's right. I need to increase my funds to stop them. Also, I willunderstand how they operate. Furthermore, if those countries' economiescollapse, we will become the strongest in Asia."

"Are you telling me that you are patrioticby earning this money?"

"Of course. Attacking the economies ofj.a.pan, Singapore, Indonesia, Malaysia, South Korea, and Taiwan will increaseChina's influence in Asia."

"Wait. Why is Taiwan included? Taiwan isalso part of China. You are not helping them?"

"I don't intend to help them. In fact, Iwill add fuel to the fire and make Taiwan's economy worse. This way, they willnot have money to buy arms from the US and will be obedient to us." Feng Yureplied with a proud expression on his face.

Iron Fist Zhu: "……" What logic is this?!

Translator's note: Here's more information about 1997 Asian FinancialCrisis.

https://en.wikipedia.org/wiki/1997_Asian_financial_crisis

Floating exchange rate

https://en.wikipedia.org/wiki/Floating_exchange_rate

Foreign exchange reserves

https://en.wikipedia.org/wiki/Foreign_exchange_reserves