Extraordinary Genius

906. 906 Chapter Proud Thai Central Bank

Things are as Feng Yu expected, the foreign exchange reserves of the Thailand Government are not insufficient, and a part of it is reserved to deal with other things, so the Thailand Government, looking for the Nanyang Government, let the Nanyang Government out five One billion dollars.

Together with the five One billion dollars invested by the Thailand Government and the investment of two One billion dollars, a total of one hundred and two One billion dollars were invested. Suddenly increased the Nanyang’s five One billion dollar force to absorb the Thai baht, the exchange rate of Thai baht began to rise.

From these two days of 26.3: 1 immediately went to 26: 1, and is still in the promotion.

The amount of money that absorbed Thai baht suddenly increased so much, and Soros did not have Thai baht to sell.

Soros is also a little panicked. Why is this happening, why did Nanyang suddenly join?

Because Nanyang has a lot of trade with Thailand, and the relationship between the two countries, at least in this session, is still very good.

Another important reason is that Soros’s establishment of a forward foreign exchange contract in Nanyang was also discovered by the Nanyang Government.

They look at it, good guy, Soros, this is going to clean up Thailand, just come and clean us up. If you are working separately, then we may not be able to get you. But if you are at the same time, then don’t blame us for being polite.

Nanyang has the same idea as Thailand, that is, it will hurt Soros at once, to fight Soros’s will, let Soros know that it is not a few years ago, it is not so easy to control the exchange rate of a country’s currency.

If it is in Thailand, then Soros’s reputation will definitely be seriously affected, then he can’t attack a country’s currency, especially no longer attacking Nanyang.

They want Soros to retreat and be confident.

……

Thailand’s central bank governor faced the reporter and looked solemn: “We are fighting to defend Thai baht, and we must let those speculators lose their money!”

It is self-evident that the speculators are referring to who.

Thailand’s central bank governor instantly became the patron saint of many people in Thailand, and used seven One billion dollars of foreign exchange, and with the help of five One billion dollars provided by Nanyang, the price of Thai baht began to rise immediately.

Correspondingly, stockmarket has also begun to pick up, and it seems that everything is moving in the right direction.

But Feng Yu is convinced that Thailand will be defeated!

First of all, the foreign exchange reserves of the Thailand Government are still insufficient. There are a total of two billion dollars. This time, Nanyang intervened, and Soros was not prepared enough, and there was still a lot of money to be transferred.

Another Feng Yu did not intervene at this time. If Feng Yu intervenes, then all the foreign exchange reserves of the Thailand Government must be used to stabilize the situation.

There is also a phenomenon that lets Feng Yu know that the Thailand Government has no other means, and they have to spend a lot of money to stabilize domestic prices.

Looking at the financial crisis, stockmarket has started to fall, but prices are still rising!

To put it bluntly, the Thailand Government is not willing to let the real estate collapse, they believe that once the real estate price plummets, it will repeat the tragedy of Japan.

Therefore, while they are trying to support stockmarket, they will fight against Soros in the foreign exchange market, while stabilizing the domestic real estate market. Finally, they must stabilize those foreign businessmen and cannot let them withdraw their capital!

If it is one thing or even two things, Feng Yu believes that Thailand Government can handle it. But when these things happen at the same time, then you can’t take care of them.

Moreover, Feng Yu judged that the Thai Government was more worried about the collapse of the property than the Thai baht, so more funds were definitely used in real estate.

But for now, the Thailand Government has really won, and the Thai baht exchange rate has risen sharply. How long has it been, 25.7: 1, it seems that tomorrow will return to 25: 1.

At this exchange rate, the funding of the Thailand Government and the Nanyang Government should also be spent. They can also stabilize at this exchange rate and return to 24: 1, which Feng Yu thinks is impossible!

……

Soros watched the exchange rate of Thai baht continue to rise, but he was powerless.

It seems that this time, he is defeated. If Thai baht returns to the exchange rate of 25:1, he will lose at least $400 million even if he contracts the foreign exchange futures. Moreover, the stock market has begun to pick up, the stock index has rebounded, and the profit of his stock index futures has become lower and lower.

The stockmarket and foreign exchange’s pincer offensive is his means. If you are successful, both roads can make money. But now, it makes him feel a bit self-sufficient, because the two roads, all lost a lot, the stocks he sold, also lost a lot of money, stock index futures can not make up!

Thailand Government played very well, and he lost more than 600 million dollars in total! Especially when I think of Feng Yu getting out and reaping some profits, Soros is even more radiant!

His inner heart’s resentment against Feng Yu exceeded the resentment of the Thailand Government, surpassing the resentment of the Thai central bank governor who had fallen in front of the reporter.

It is normal for the Thailand Government and the Thailand Central Bank to fight back. He had already anticipated it when he was in the layout.

But Feng Yu’s sudden withdrawal was unexpected. If there is no Feng Yu to join, he will prepare more funds, and may have already killed the Thailand Government and let the Thai baht madly depreciate.

It’s like now, when you look at losing money, he doesn’t even have the power to fight back!

Soros didn’t even think about it. He actually didn’t have any trust in Feng Yu. He always kept people staring at the flow of funds from Feng Yu.

Both sides have no basis for trust. How can we cooperate happily?

“Boss, what do we do? Is it going to borrow the Thai baht and fight with them, or?” asked Juken Miller.

The way they had discussed was to continue to suppress it slowly, and then to withdraw funds, while persuading Feng Yu to join, while continuing to spread negative news about Thai baht, let the panic continue.

But now suddenly there is more of the new force of Nanyang, they can’t help it. Just by borrowing the high interest rates of Thai baht, let them increase the cost. Even the most convenient short-term loans can’t be used at all, it’s just the same as sending money to the Thailand Government.

Soros made a tough decision: “Stop it, first throw the stock index futures out of the stop loss, temporarily withdraw, wait for our funds in place, we will make a comeback!”

He decided to admit that he was temporarily failed, and the money he lost was recognized.

Juken Miller wants to persuade, this recognizes failed, and the impact on the fund’s reputation can be very large. But he doesn’t know how to persuade, don’t admit defeat, continue to fight, and lose more!

……

Thailand’s central bank governor was once again surrounded by reporters today. The exchange rate of Thai baht has returned to 25.2: 1, and is still slowly climbing, returning to 25: 1 should be fine.

This time, together with Nanyang, slammed Soros’s speculative funds and saw results! Soros was scared by them, retired, they won!

“I said, let the speculators lose their blood. Now, we have done it! No one in Thailand can beat Thai baht, no one can fight the great Thailand!”

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

Want to make me lose my money? Ok, then take a look, who can laugh at the end!

……