Extraordinary Genius

Chapter 876 Thailand Strikes Back (Request Tickets)

“Brother Ki, I hear you've been studying mahjong very quickly these past few days?” Feng Yu asked with a smile.

“Ha-ha-ha, okay. You Huaxia natives are really interesting.” Kirilenko laughed wildly.

Yesterday, Kirilenko was very lucky, he actually won a big game, plus all the futures contracts and so on, not only covered all the losses and interest, but also made some money, making Kirilenko feel great.

“How about a few more laps today?” Once in a while, Feng Yu also wants to relax.

“Come on, but be careful, Fu's brother called me a gambling god yesterday!” Kirilenko looked down at Feng Yu, his eyes filled with pride and contempt, as if he had won.

“Ha-ha-ha, gambling god? I like to play with the gambling gods for a few laps. ”

……

“Feng, how long are we going to rest?” Kirilenko asked while playing cards.

“When the exchange rate of THB returns to around 25: 1, we enter again, and now it is in other countries that we choose to establish some forward foreign exchange contracts. What, are you busy? ”

“Well, our electronics factories, the new equipment should be installed and commissioned in the next few days, and I'm going back to check it out.” Kirilenko knows that he's useless here because he doesn't know anything?

Instead of worrying about not being able to help here, it would be better to go home and do business. If the electronics factory starts a day earlier, the phone can be produced a day earlier.

Feng Yu told him that the new mobile phone had been successfully developed and was waiting for the factory on his side to be launched simultaneously.

“Okay, early July, see for sure. And then every month, you see big profits. ”

“Ha ha ha, haven't we done anything since then and we can't afford to spend all our money?” Kirilenko laughed.

Feng Yu thought about it: “Almost. If you can sell the shares you invested in back, sell the shares in the mine, sell the shares in the factory, sell the shares in the trading company, sell the shares in the software company, you can spend your whole life spending money. ”

This time, even if Kirilenko did not earn more than Feng Yu, but for more than a year, Feng Yu promised that Kirilenko could earn more than $2 billion. With all the investments cashed in, Kirilenko has at least $6 billion in assets, even if he does nothing, there are banks, interest every year, money that many people will never earn in their lifetime, enough for Kirilenko to waste his life.

Even Kirilenko is a drug addict, he can't take all the money!

Unless he's addicted to gambling, that's the worst way to lose. Of course, you have to find the same level of opponents.

Everyone plays mahjong, chatting, Feng Yu as their translator. Kirilenko's pronunciation is inaccurate, but they can understand it, anyway.

There is an old saying in the northeast well said, Zhang Luo's favorite people often lose the most. After a few rounds today, Feng Yu really lost alone.

But Feng Yu's face still smiled, losing this money is nothing, it is important to send time. He won't be playing a dollar of mahjong like Dad. He could almost lose!

At night, Feng Yu had another delicious meal. Feng Yu rarely had Lai wine this time. He drank it with Ji brother in pain and was drunk in pain. Of course, he still hasn't had much to drink.

……

“The Central Bank has announced that it is strictly forbidden for banks to lend THB to certain fund companies. ”

“The government ~ the government will take out another $5 billion in foreign exchange reserves to absorb THB and make the blood of the international scavengers homeless! ”

“The Central Bank has introduced a new policy of offshore overnight borrowing rates, adjusted from 10 to 100 cents. ”

Feng Yu watched the Thai news from Xiangjiang Media and curved at the corner of his mouth. Thai government ~ government, finally!

The Thai baht exchange rate has fallen to 27: 1, if you let it continue to fall, then Thailand will start with finance and the economy will collapse completely, not just now, the stock market is volatile and the building market is cold.

Banks are strictly forbidden to lend THB to certain fund companies, but of course banks are not allowed to lend THB to Soros. But the Thai government can control their local banks, but not foreign banks.

Fifty offshore financially eligible banks, of which only fifteen are local, have little impact on Soros, though they do.

The big ones are the last two.

Fifty dollars of foreign exchange reserves, reverse operation, will pull up the Thai baht exchange rate, then Soros, their input, will be at a loss. If they want to keep pressing THB, they need to make more money. Now the money is no longer disturbing the situation.

At the beginning, the Thai government ~ government took out $2 billion in foreign exchange reserves. If Feng Yu hadn't joined, Soros would have lost a lot.

Even if Feng Yu joined, Soros and they started to lose a little, but they were all within reach.

The worst part is the new central bank policy, offshore borrowing rates, which have doubled tenfold. This is not an ordinary borrowing rate adjustment, but an overnight interest-breaking, specifically for Soros' quantum fund, which prevents them from selling THB quickly.

Originally, interest was 10 percent, and now it's 100 percent, Soros, and their cost, it's going straight up.

However, Feng Yu believes that this is not harsh enough, how can 100% be enough, if it were him, would raise the overnight interest rate to one thousand, even 2,000, so that Soros can't borrow the baht to sell it, borrow it, can't pay the interest!

He remembered, in his last life, that the overnight rate had really risen to over a thousand, exactly how much, he couldn't remember. How come it's only 100 percent now, the Central Bank of Thailand like this, can't frighten Soros.

They don't understand Soros' appetite, you know, but Soros built a $15 billion forward foreign exchange contract early on, and Soros used a higher leverage ratio through the finance company. Soros spends most of his money on thb.

……

“Boss, Thailand has suddenly launched a series of policies, all directed at us!” Jukan? Miller reporting.

“Hmm, I've been waiting for their move. Before we hit the Thai baht exchange rate down a bit, they pulled back the foreign-exchange reserves, when we didn't get the news in time. And this time, even if they use more foreign exchange reserves, the information we send out is enough to keep other foreign investment afloat, the Thai government, beyond control.” Soros said confidently.

“But without Feng's help this time, won't our money be enough?” Jukan? Miller was somewhat concerned that, after all, their funds were dispersed and that forward foreign exchange futures contracts had been established in several countries in South-East Asia. Although leveraged, they don't actually deliver a high percentage of the security deposit, but who makes them build more positions?

Each of those countries they're targeting has a forward contract of not less than $10 billion, and they're going to pay at least $500 million!

“It wasn't him when we planned it. More than he is, less than he is. Notify me, overnight interest rate has increased, we will continue to sell THB for a longer time! ”

……