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Chapter 518 The war without gunpowder begins

After receiving the news that the Ugaim was very rewarding, Kusai was very happy and immediately ordered Yurid to send personnel to Hong Kong. After the cargo ship reached the nearest unloading location, Hong Kong, boarded the cargo ship and took care of the captain. As long as the survivor was brought back to Iraq, the inside story of this air crash would be in his own hands. At that time, whether to trade with the Soviets or with the Americans, it depends on who gave him more benefits, or in other words, the corpse was called to one party and the living person was sold to the other party. In short, he must make a big profit this time.

At this time, the Iraqi Northern Military Region continued to attack Iran in depth.

In the countless battles ahead, the Iraqi army was constantly mastering the tactics of mountain warfare. Unlike them in plains and deserts, mountain warfare is a completely new situation.

The main force of the First Armored Division has been organized into a small number of T-72 tanks and a large number of BMP-1 infantry fighting vehicles. At the same time, it is equipped with self-propelled anti-aircraft guns. They maneuver along the mountain road, concentrate their main forces, and seize the control path. The key points of the enemy are at the commanding heights, mountain passes, intersections and mountain passes. Therefore, when the First Armored Division is engaged in mountain offensive combat missions, it concentrates its main assault forces and launches attacks along the main passage that is convenient for passage, and strives to capture the commanding heights on both sides of the passage and key terrain such as mountain passes and intersections on the passage, and controls traffic channels.

Then, the 53rd Infantry Division will catch up and clean up the areas that have not yet been occupied to ensure that there is no Iranian armed force.

In the other direction, the 47th Mechanized Infantry Division and the 82nd Infantry Division were also engaged in the same battle, and they were advancing eastward.

At the same time, the air force of the Northern Military Region was also dispatching high-intensity to bomb the fortifications built by the Iranians. At this time, the C3i system, which was trial-run in the south, had gradually expanded to the Northern Military Region with the support of His Excellency Kusai. Some combat troops could already call for air support when needed.

If those big events did not happen in the world, Iraq's continued attack on Iran would arouse strong attention from the world's major media. Where did Iraq capture today and where to attack tomorrow, it would attract the attention of the whole world. But now, the Iraq war is already unknown.

The focus of the world is mainly on the Soviet Union's shooting down South Korean passenger planes. The Soviet Union's tough attitude made all countries feel very dissatisfied. It aroused strong opposition from all Western countries and was unanimously prepared to impose a round of sanctions on the Soviet Union with this matter, but the Soviet Union was not afraid at all. Even under the supervision of Batumi, the Soviet Union still got what it needed from Japan. Western countries will never break their hands and take the method of not importing Soviet oil on the sanctions project. Western European countries also want crude oil. As long as the Soviet Union exports crude oil, it can maintain the status quo. Moreover, the Soviet Union's current economy is improving.

The whole world is discussing this time.

At the same time, the United States' attitude was even stronger. President Reagan once again gained prestige in the hearts of the people with his rapid response and proper measures in this incident. All Americans' eyes were attracted here. The people seemed to have forgotten the previous incident.

In addition to this incident, Hong Kong's economic fluctuations are not as attractive as the incident of the passenger plane being shot down, but it has also attracted the attention of many people because it is related to their vital interests.

September 3, Hong Kong.

The previous operations were just exercises, but today is the official first time, and they will stir up the lifeline of Hong Kong's economy!

"Selling Hong Kong dollars immediately, selling our stocks, and buying forward dollars." Hickmatt said, "selling ten percent first."

With his words, the trader began to move, and Hong Kong dollars and stocks were all thrown out.

Suddenly, on various trading halls, the Hong Kong dollar exchange rate began to fall and the Hong Kong dollar began to depreciate.

At the same time, this obvious change was immediately noticed by other speculators who followed. They observed that there was a large fluctuation in the exchange rate today. Realizing that the opportunity finally came, they also began to sell the Hong Kong dollar in their hands. Whoever sells it too late will have a depreciation in the Hong Kong dollar futures in their hands.

With their joining, the Hong Kong dollar exchange rate began to fall at a faster rate. It dropped from HK$7.3 to HK$7.9 to HK$1 USD.

The Hong Kong government was shocked and knew that such unusual changes must be because some financial forces were trying to get out of the fire. They began to take emergency plans and use their foreign exchange reserves to absorb the Hong Kong dollar thrown out by speculatives.

However, they have no extra ability to accept the stocks that were sold. The Hong Kong government wants to fight against countless investment armies on its own. They are doomed to fail because the US dollar in their hands is not as large as these investment armies. Even a Hikmat has much higher funds than them.

This kind of battle is not smoke, but it is even more nervous. Zhang Manyu looked at Hikmat, watching him directing these traders and operating Hong Kong finance, and felt a dazed feeling. Isn’t this kind of thing too unauthorized?

However, everything has nothing to do with her, she is just a spectator.

The Hong Kong government took action very quickly, and then the exchange rate began to gradually rise again, approaching the ratio of HK$7.3 to one dollar.

"Share another twenty percent away," Hickmatt continued.

With the 30 billion US dollars in hand, through mortgage loans and other means, Hickmatt could operate, reaching 300 billion US dollars. These funds were enough to destroy the economy of a small Southeast Asian country, just like the Soros Company in later generations.

Twenty percent, that is nearly 60 billion US dollars, which is a very powerful amount. The Hong Kong government is simply unable to deal with the challenge.

In fact, just now, the Hong Kong government had almost exhausted all its foreign exchange reserves and had to urgently ask the British government for help.

Now, with the arrival of the second round of attacks, the Hong Kong government could no longer withstand the exchange rate of the Hong Kong dollar against the US dollar began to fall to a greater extent, from 7.4 Hong Kong dollars to one dollar, and fell to the dangerous ratio of 8.2 US dollars to one dollar.

At the same time, the stock market has also begun to suffer from crises, and the most important Hong Kong Hang Seng Index plummeted by more than a thousand points.

Two property companies, a commercial bank, and an investment company could no longer withstand the pressure and were forced to declare bankruptcy.

All this is just the beginning. Hickmatt is waiting for the rescue of the British government. The order given to him by His Excellency Kusai not only destroys Hong Kong's economy, but also severely damages the British government's economy.

On this day, the two sides had their first confrontation, but the result was not optimistic. The Hong Kong government found that its capabilities were already very limited. In order to maintain this important economic center, the British government began to fight back, injecting its own funds into Hong Kong from the UK, and at the same time, it began to negotiate with the United States to see if the United States could help them overcome this difficulty.

What both sides fight is that whoever has more foreign exchange in their hands can gain the upper hand in this battle.

On September 4, the Hong Kong government received another $150 billion. With this huge amount of funds, they began to gain confidence in themselves.

This will be a great test for the British government, because the British economy is not very good. If the funds are wasted, then the British local economy will be hit hard again, making the UK, which has never recovered from the Falklands War worse.

However, in order to maintain the international image of the British Empire, the British government has no other choice. What's more, the negotiations with the Chinese government are now reaching a critical level. If the UK is not able to defend Hong Kong's economic order, then the British will have less confidence in the negotiations. They must do so.

Mrs. Thatcher didn't know that this time, not only did the British government not complete the difficult task, but on the contrary, while the Hong Kong economy was destroyed, the British economy also suffered a great blow. Correspondingly, many of the British government's spending were forced to shrink, and the first thing to be affected was the nearly successful early warning aircraft project of the fan hunter project, which had no funds to be invested in research and development. The funds and technology were sold to Middle Eastern countries at a price that the British government was very satisfied with.

Yesterday's success made the entire team led by Hickmatt extremely excited. They were waiting for the moment when the Hong Kong economy shook and completely collapsed under their operations.

"Take ten percent." Hickmatt then issued the order.

Yesterday's battle attracted more international speculators, who had already regarded this place as a place where they made a fortune, so Hickmat was confident that it would cause a larger exchange rate decline than yesterday.

Sure enough, starting with their operations, the exchange rate and stock market began to fall, and Hong Kong's Hang Seng Index was falling at a rapid pace.

But then, the Hong Kong government also began to fight back, especially for Hong Kong dollar futures and major bank stocks. The Hong Kong government will receive as much as they sell. The Hong Kong government has the funds from the British government, so it can do this for the time being.

But then, the government felt something was wrong because they kept absorbing and the funds were decreasing rapidly. However, the momentum did not improve, but continued to decline.

Their huge amount of funds has been used up by $50 billion, but there are still countless stocks and Hong Kong dollar futures being sold out, which seems to have become a bottomless pit!

The Hong Kong government is anxious, and the British government is also anxious. They urgently ask the United States for help, hoping to raise 200 billion US dollars from the United States to save the market. Otherwise, Hong Kong's economy may collapse today.
Chapter completed!
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