Extraordinary Genius

The country is the same as the company, and when the product structure is single, resulting in a trade deficit, there will be a fiscal deficit, which will then continue to require financial investment to cover the deficit of the project.

This approach cannot be misstated, but it should be premised on the guarantee of a sustained inflow of foreign investment, that is, on the need for sustained investment, and on the need to reduce future project deficits by increasing the country's export capacity following inflows of foreign investment.

Unfortunately, the Thai Government has only achieved the first point. There are constant inflows of foreign capital, such as island countries, but the country's export capacity is getting lower.

For example, the main product exported by Thailand is electronics, and many of the electronics imported by Huaxia are purchased from Southeast Asian countries such as Thailand.

But starting last year, global demand for electronics has been falling dramatically, relying solely on Huaxia's growth, which could not pull Thailand's electronics exports, leading to Thailand's export growth rate, which dropped to 3 per cent, while the trade deficit stood at 8: 3 per cent.

In other words, don't look at Thailand's exports as if they're booming, but they're still losing money.

The vast majority of Thailand's main exported electronics factories are also invested and built by island countries, because Thailand's low land prices, abundant labour and low wages and consumption levels appear to have transformed Thailand into a world-class electronics manufacturing power, which is in fact a substitute factory for electronics companies such as island countries.

Even with so much investment, many projects in Thailand continue to suffer from recurring deficits. Seems that GDP has grown wildly, but it hasn't made much money at all, and most of it has been earned by foreign investors, with island countries being the most important.

Even AIWA and Sixth Sense have factories in Thailand. Not only are factory construction costs low, operating costs low, but there are also various foreign investment preferential policies.

With more factories, the demand for workers is greater, and the wages of workers are naturally increasing. The wages of Thai workers had risen more than tenfold in a decade and workers' wages had risen, leaving labour-intensive industries without international competitiveness.

Originally, Thailand's main exports of shoes, clothing and other products continued to decline, and the factories were shut down.

These data and information were collected by Feng Yu, which also gave Feng Yu a deep understanding of why the financial crisis in Thailand had broken out so quickly.

If you look at Thailand's fiscal deficit, the debt per capita is over $1,500, but Thai people are still very handsome. Europe's premium perfumes, famous wines, famous cars, famous watches and other luxury goods are imported in large quantities. People seem to be rich, so they just want to enjoy themselves.

Thailand is the third largest importer of Mercedes-Benz cars in the world, and you can see how proud Thai people are at this time. Fu Guangzheng was trying to help sell Songjiang cars to Thailand, but the dealership in Thailand could not see at all. Only imported luxury cars have sales in Thailand. The market for medium and low-end cars is completely occupied by the island national car.

Thai people are also very happy with their lives and think their country is developing very well, and even look down on Huaxia because their per capita income far exceeds that of Huaxia?

One of the things that's rich is having fun, the other is investing in the stock market, and everybody is very fanatical about the stock market. Teachers, workers and drivers, and even full-time women at home, started firing stocks because the stock market went up all the way, thinking that fools could make money if they went in.

With fewer and fewer bank deposits, did everyone take out the money and put it into the stock market? Even crazier, from bank loans to stock markets, they think that money earned from stock markets pays off interest and makes a lot of money.

One of the more representative ones is the securities and finance firms, which can make money by lending large sums of money from banks and, to some extent, manipulating the stock prices of some stocks.

With more and fewer loans and fewer deposits, banks can only raise interest rates on loans, but that doesn't stop people from lending, with interest rates as high as 17 percent a year? It's all right. Loan!

Take it and fire the house, fire the stock, and you'll get it back in a few months! It's not an investment. It's speculation!

Interest on loans is too high, and some industrial companies cannot repay interest. The conventional industry is severely constrained, resulting in fewer and fewer types of Thai exports.

Normal countries, rich, should invest in basic things like… education. But in Thailand, their money is an illusion. Fiscal deficit. Where does it come from to invest in education?

It can be said that Thailand's education and science and technology levels are far worse than those of other countries in Asia, and far worse than those of Warsaw. Currently ranked number one in Asia.

Without science and technology, without engineers, the heavy and high-tech industries cannot develop. There is no powerful country. The heavy and high-tech industries are backward, so Thailand has a superficial economic prosperity, but it is not a powerful country at all.

Simply put, Thailand is unable to rise above, fall below, the high-tech industry is unable to rise above, traditional industries are losing competitiveness, trade deficits are inevitable and fiscal deficits are increasing.

Can't the Thai government see any of these problems?

Of course not, they see it, but there is no particularly good solution. As the trade deficit grows, the baht itself is under pressure to devalue. But if the baht is devalued, Thailand will lose more.

There is no way, the Thai government ~ can only intervene covertly, be sure to ensure the stability of the foreign exchange market. When a government ~ government has to intervene in the foreign exchange market, it is enough to explain the country's financial market, there are serious problems, the economy, there are serious problems!

And this was also noticed by Soros, they haven't done all they can, the Thai government ~ already had to intervene, then after all they did, can the Thai government ~ have any resistance?

Bank of Thailand, can't give out any money, bad debts, too many bad debts.

A large proportion of these doubtful debts, the managers of the banks, appeared to relax to their relatives and friends, who also believed that borrowing money from the banks to fire stocks and houses would certainly make money.

People make so much money, of course they can't afford to lose money. It doesn't matter if you don't have enough collateral. Can't you afford it?

Three people in the house, two buildings each, right? Doesn't matter if you can't live that much, it's not for living, it's for fireworks anyway. Wait a year or two, sell it when it rises and you can earn an extra house.

It is also important that the currency of the baht is seriously overvalued and would have been devalued had it not been for the fixed exchange rate.

For various reasons, the financial crisis in Thailand was inevitable, and even without Soros' involvement, Thailand would experience a financial crisis. It's just that Soros and Feng Yu entered, making the financial crisis even earlier and more intense!

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