Extraordinary Genius

As Feng Yu expected, the Thai government ~ government's foreign exchange reserves were not sufficient, but also set aside a portion to deal with other things, so the Thai government ~ government, to consult with the Nanyang government ~ government, let the Nanyang government ~ give out 5 billion dollars.

Together with the $5 billion previously invested by the Thai Government ~, another $2 billion was invested, totalling $12 billion. A sudden increase of $5 billion in the Dynamic Army of the South Ocean to absorb the baht, the exchange rate of the baht began to rise.

From 26.3: 1 these two days to 26: 1, and it's still on the rise.

Suddenly they have so much more money to absorb THB, and Soros they have no THB left to sell.

Soros panicked, too. How did this happen? Why did the Southern Ocean suddenly join?

Because there is a lot of trade between Nanyang and Thailand, and the relationship between the two countries, at least at the time of the government, was very good.

Another important reason is that Soros' establishment of a forward foreign exchange contract in the Southern Ocean was also discovered by the Southern Ocean government.

They're looking at this, dude, Soros, and this is going to clean up Thailand, so come and get us. If you're splitting up, then we don't necessarily have you. But if you do it at the same time, don't blame us for being rude.

The Southern Ocean, like Thailand's idea, is to beat Soros to bits, to defeat Soros' will, to let Soros know that it's not a few years ago, it's not that easy to manipulate a country's currency's exchange rate.

If he fails in Thailand, then Soros' credibility will surely be seriously affected, and he will not be able to lead an attack on a country's currency, especially in the South China.

They want Soros to know and feel confident about it.

……

The Governor of the Central Bank of Thailand faced the journalist with a solemn face: “We fight to defend the Thai baht, to leave the speculators without blood! ”

It is self-evident who the speculator refers to.

The Governor of the Central Bank of Thailand instantly became the patron saint of many Thai people, and with $7 billion in foreign exchange and $5 billion in help from the South China Ocean, the price of THB immediately began to rise.

Correspondingly, the stock market is starting to pick up, and everything seems to be moving in the right direction.

But Feng Yu was convinced that Thailand would lose!

First of all, the Thai government ~ government foreign exchange reserves are still insufficient, totalling $20 billion. It was the Southern Ocean that intervened this time, and Soros was not prepared enough, and a lot of money had not been mobilized.

Another Feng Yu did not intervene at this time. If Feng Yu also intervened, then all foreign exchange reserves of the Thai government ~ government must be fully utilized in order to stabilize slightly.

And there is another phenomenon, let Feng Yu know that the Thai government ~ government has no other means, they have to spend a lot of money to stabilize the domestic price.

Looking at the onset of the financial crisis, the stock market started to fall, but the house price was still rising!

To put it bluntly, the Thai government ~ dared not let real estate collapse, and they thought that once real estate prices plummeted, it would repeat the tragedy of the island nation.

So they find a way to hold onto the stock market, fight Soros in the foreign exchange market, stabilize the domestic real estate market, and finally stabilize the foreigners so they can't withdraw their capital!

If it's one thing, even two things, Feng Yu believes that the Thai government can handle it. But when these things happen at the same time, there's no balance.

And Feng Yu judged that the Thai government ~ government is more worried about the real estate collapse than the fall of the Thai baht, so more money is definitely spent on real estate.

But in the immediate future, the Thai government ~ really won, the Thai baht exchange rate climbed sharply, how long has it been, it has reached 25.7: 1, looks like it can return to 25: 1 tomorrow.

By the time this exchange rate is reached, the Thai government and the Nanyang government will be running out of government funds. They will also be able to stabilize the exchange rate, going back to 24: 1, which Feng Yu thinks is impossible!

……

Soros watched as the exchange rate of the baht climbed, and he was powerless.

Looks like this time, he's lost. If the baht returns to the 25: 1 exchange rate, he loses at least $400 million even if he closes the foreign exchange futures contract. And the stock market is starting to warm up, the stock index is picking up, and his stock index futures margin is getting lower.

Stock market and forex forceps are his means, and if it goes smoothly, both roads will make money. But now, he can't help himself, because two roads, all lost a lot of money. He also lost a lot of money on the stocks he sold. The stock index futures can't make up for it!

The Thai government ~ the government played very well, he lost more than $600 million in total! Especially after Feng Yu retreated and made some profits, Soros became even more luminous!

His inner resentment of Feng Yu also exceeded his resentment of the Thai government ~ government, as well as the resentment of the Governor of the Central Bank of Thailand, who had fallen on him in front of the journalist.

The Thai government ~ the Thai central bank counterattack is normal, he had foreseen it long before the layout.

But Feng Yu's sudden withdrawal was unexpected. If it hadn't been for Feng Yu's participation, he would have prepared more funds. He could have defeated the Thai government ~ and devalued the Thai baht wildly.

He didn't have the strength to fight back when he watched the money go away!

Soros never thought that he had no trust in Feng Yu either and kept people watching the flow of funds on Feng Yu's side.

Neither side has a basis for trust. How can cooperation be pleasant?

“Boss, what do we do? Continue to borrow THB and spend money with them, or?” Jukan? Miller asked.

The way they talked about it was to continue the slow repression, then pull funds, persuade Feng Yu to join, while continuing to spread negative news about the Thai Baht, so that the panic would continue.

But now all of a sudden there are more Nanyang Vitality Army, they can't handle it. How much higher is the cost of borrowing THB alone? Even the most convenient short-term borrowing is no longer available. It's like sending money to the Thai government.

Soros made a tough decision: "Stop, throw away the stock index futures first, quit temporarily, and when we get the money, we'll roll back! ”

By so deciding, he admitted that he had temporarily failed and that he had lost money.

Jukan Miller wants to persuade you that this acknowledges failure and can have a huge impact on the reputation of the Fund. But he doesn't know how to persuade, he doesn't admit to failing, he keeps fighting, he loses more!

……

The governor of the Central Bank of Thailand was surrounded again today by reporters, the exchange rate of THB, has returned to 25.2: 1 and is still climbing slowly, it should be fine to return to 25: 1.

This time with the Southern Ocean to snipe Soros' speculative funds has already paid off! Soros was scared. They retreated. They won!

“I told you to make those speculators bloody homeless, and now we did it! Thai people, no one can defeat THB, no one can defeat the great Thailand! ”

Soros threw the remote control at the TV, banging, expensive LCD TV, and a black smoke.

Want to make my blood homeless? All right, let's see who can laugh at the end!

……