"Everyone is ready, start taking action today!" Feng Yu clapped his hands to attract the attention of the agents.
Everyone looked stern, knowing that a big move was about to begin. Although they were selling Thai baht before, the funds used were not too much. It can be said that both Feng Yu and Soros hope that the other party will owe some money and they will earn more.
Yesterday, Soros had a phone call with Feng Yu. The two agreed on the phone to establish a large number of spot and forward foreign exchange trading positions at the same time, and then began to borrow Thai baht crazily and sell it, in order to destroy the Thai baht in one fell swoop!
Before taking action, Feng Yu had already borrowed a forward baht contract of up to 10 billion U.S. dollars, but the scale of the sell-off was never particularly large.
Mainly in the stock market, through continuous borrowing and selling of stocks, the Thai stock market is suppressed. Of course, although he lost a lot on the surface, the stock index kept falling, so he could make money by shorting the stock index futures.
Stock index futures are the same as futures. You can place an order with a 10% margin. Even in some financial companies, a 5% margin is enough.
With such a high leverage, if you make money, you can make a lot of money, but if you lose money, the margin may be easily swallowed up, forcing the position to be liquidated.
There are fifteen local banks in Thailand with offshore financial services. Feng Yu began to arrange for people to borrow large amounts of Thai baht from these banks, and their spot and forward foreign exchange trading positions were established through foreign banks.
The foreign exchange market is just like stocks. If you sell more and buy less, the price will fall. At the same time, Feng Yu and Soros began to concentrate their time on short-selling the Thai baht in large quantities, and the spot exchange rate of the Thai baht began to fall.
Kirilenko looked at the computer screen excitedly: "Feng, will we start making money when the baht falls?"
"Of course, but this little money now is nothing. We started to open a position at 24:1, but now it's only 25.3:1, so we can make more money."
"Isn't there leverage?"
"It is leveraged, even if it is ten times better. Earning 1.3 baht for 1 US dollar, ten times the leverage, that is earning 13 baht. Our profit is only more than 50%. You know we sell baht in the spot market, so How many days have you lost?"
"So the baht has to continue to fall for us to make money?"
"Well, don't worry, I think it will fall to 27:1 the day after tomorrow at the latest, and then we will stop." Feng Yu said with a smile.
"Stop? Why stop? Shouldn't we continue to sell the Thai baht and let it fall? If it doesn't fall, how can we make money?"
"Do you think the Thai government is a fool? They will definitely intervene, otherwise inflation will occur in Thailand."
Inflation, in fact, is already showing signs. Thailand has also responded. For example, they issued 100 billion baht bonds in hopes of supporting the financial system. The reserve for real estate increased from 100% to 120%. Financial institutions have withdrawn an additional 50 billion baht as reserves.
In other words, there are more and more Thai baht in the foreign exchange market, but the demand is not that big. What everyone needs is US dollars. If a country has too much money, inflation will inevitably occur.
"How could they intervene?" Kirilenko asked.
"Operation in reverse, if you buy more, the price will rise. The Thai government still has a lot of foreign exchange reserves. Last month, didn't they just do this once? According to our analysis, it should be used Foreign exchange reserves of about US$2 billion were used to intervene in the exchange rate.”
"Okay, I explain to you a lot but you still don't understand. It's quite troublesome to translate this professional vocabulary into Russian. Guangwei, Weizi, you take Brother Ji to Lisboa to play, remember, don't play too much Da, just accept it when it’s good.”
Fu Guangwei originally wanted to ask Feng Yu to go to Lisboa to play. In Xiangjiang, many people like to go to Lisboa to play a few games. Sometimes they just stay there on weekends. If they win money, then they start to enjoy themselves crazily. It is said that There are many more beauties in Lisboa than in Xiangjiang, from all countries in the world, with all skin colors, which is extremely suitable for experienced drivers like Kirilenko.
"If you don't go, can't it be okay if someone is watching over here?" Kirilenko asked.
"If I don't keep an eye on them, they won't know when to stop. If they really confront the Thai government, that bastard Soros will definitely let us be the main force, and then they will pick up the money."
Feng Yu knew very well that in his previous life, the Thai government and the Malaysian government joined forces to give Soros a head-on blow. Soros and the others lost more than 300 million U.S. dollars that day, and even the stock index futures contracts they delivered were not recouped. .
Although there will be changes in this life, such as the addition of new forces such as Feng Yu and Kirilenko, Feng Yu still wants to repeat the plot of the previous life and let Soros mobilize all the prepared funds so that Feng Yu can estimate the power of Soros and others. Specific strength!
Now Soros wants Feng Yu to sell more Thai baht, and Feng Yu wants Soros to sell more. Whoever sells more will lose more for the time being. In the end, everyone makes money.
Feng Yu just wants to bet, and he can't help but bet on Soros. After all, Soros's money is not all his own, but also belongs to some investors. Soros can hold on, but those investors may not.
Not every investor believes in Soros like Kirilenko believes in Feng Yu.
Although Kirilenko would come every day to pretend to understand the situation, Feng Yu would do whatever he said, and Kirilenko never objected.
I don’t know if it’s because the two of them operate money in the same way, or because Kirilenko just believes in Feng Yu.
"Okay, after everyone has finished writing their diaries, you can get off work. Remember, everyone will send their market analysis to my mailbox."
After get off work, Feng Yu moved his body. He hadn't sat in front of the computer for a long time. Although it was hard, he was very excited.
Something that has not excited him for a long time has appeared. Earning 10.8 billion U.S. dollars a year is a very ordinary profit for Feng Yu. How much can he earn if the stocks of Microsoft and Yahu rise.
And this time, it was an excellent opportunity for him to understand Soros’s operating methods and the Quantum Fund’s operating methods. Of course, it is also a good opportunity for him to make money.
It's just that today's selling seems to have little effect. Selling so many baht actually only suppressed the exchange rate a little.
The next day, Feng Yu saw what Soros was doing. Soros had people break the news internationally that the Thai government was going bankrupt because a lot of foreign debt owed by the Thai government was about to expire. The Thai baht will depreciate sharply, and everyone is called on to exchange Thai baht for US dollars.
This news quickly spread to Thailand, and the exchange rate of the Thai baht fell again, and this time the decline was larger than usual. It had fallen below the fluctuation range specified by the Bank of Thailand, and the market panicked!
…
Five two zero, nine eight, four six eight, welcome to join the group
(End of chapter)