"Brother Ji, I heard that you are learning mahjong very quickly these days?" Feng Yu asked with a smile.
"Hahaha, it's not bad. You, the quintessence of the Chinese nation, are really interesting." Kirilenko laughed wildly.
Kirilenko was very lucky yesterday and won a big game. In addition, the futures contracts were all delivered. Not only did he cover all the losses and interest, but he also made some money, which made Kirilenko feel very good.
"How about it, are you interested in playing a few more laps today?" Feng Yu also wanted to relax when he had the rare time.
"Come on, but be careful, the Fu brothers all called me the God of Gamblers yesterday!" Kirilenko looked at Feng Yu condescendingly, his eyes full of pride and contempt, as if he was sure to win.
"Hahaha, God of Gamblers? I just like to play a few rounds with the God of Gamblers."
…
"Feng, how long do we need to rest?" Kirilenko asked while playing cards.
"We will wait until the exchange rate of the Thai baht returns to around 25:1 before we enter the market again. Now we are looking at other countries and choosing to establish some forward foreign exchange contracts. What, are you busy?"
"Well, the new equipment in our electronics factories should be installed and debugged in the next few days. I want to go back and take a look." Kirilenko knew that he was of no use here because he didn't understand anything.
Instead of worrying here and being unable to help, it is better to go back to China and get down to business. The sooner the electronics factory starts working, the sooner the mobile phone can be produced.
Feng Yu told him that the new mobile phone has been successfully developed and is waiting for his factory to be put into production simultaneously.
"Okay, you'll see the results in early July. Then every month, you'll see big profits."
"Hahaha, then from now on we won't do anything and we won't be able to spend all the money?" Kirilenko laughed.
Feng Yu thought for a moment: "Absolutely. You can sell the stocks you invested in later. If you sell the shares in the mines, the shares in the factories, the trading companies, and the shares in the software companies, you will be able to sell them later in your life." You can just keep spending money.”
This time, even if Kirilenko does not earn as much as Feng Yu, in more than a year, Feng Yu guarantees that Kirilenko will still earn more than 2 billion US dollars. If all the investments are cashed out, Kirilenko will have at least more than six billion US dollars in assets. Even if he does nothing and just deposits them in the bank, the annual interest will be more than many people can earn in their lifetime. It is enough for basic Lilenko had squandered his life.
Even if Kirilenko is addicted to drugs, he won’t be able to finish all the money!
Unless he is addicted to gambling, this is the most terrible way to lose money. Of course, you also need to find an opponent of the same level.
Everyone was playing mahjong and chatting, with Feng Yu acting as the translator between them. Although Kirilenko's pronunciation was not accurate, they could still understand it. It was just a few words anyway.
There is an old saying in the Northeast that goes, the people who enjoy the most are the ones who lose the most. After a few laps today, Feng Yu really lost alone.
But Feng Yu still had a smile on his face. The little money he lost was nothing, the important thing was to kill time. He won't be like his father, who almost loses in a one-dollar mahjong game!
It was another good drink in the evening. It was rare that Feng Yu didn't drink alcohol this time. He had a good drink with his brother and got drunk happily. Of course, he still doesn't drink as much as his gay brother.
…
"The Central Bank announced that banks are strictly prohibited from lending Thai baht to certain fund companies."
"The government will use another five billion US dollars in foreign exchange reserves to absorb the Thai baht, so that international speculators will lose all their money!"
"The central bank has issued a new policy to adjust the offshore overnight lending rate from 10% to 100%."
Feng Yu looked at the Thai news reproduced by Xiangjiang media, and the corners of his mouth curled up. The Thai government finally took action!
The exchange rate of the Thai baht has fallen to 27:1. If it is allowed to continue to fall, Thailand will start with its finance and the economy will collapse. It is not just like now, the stock market is turbulent and the property market is cold.
Banks are strictly prohibited from lending Thai baht to certain fund companies. Of course, banks are not allowed to lend Thai baht to Soros. But the Thai government can control their local banks, but it cannot control foreign banks.
There are fifty banks with offshore financial qualifications, of which only fifteen are local. Although this has an impact on Soros and others, the impact is not too great.
The last two have the greatest impact.
If the foreign exchange reserve of fifty US dollars is operated in the opposite direction, it will increase the exchange rate of the Thai baht, and Soros and his friends will lose money on their investment. If they want to continue to suppress the baht, they need to spend more money. Now the money can no longer stir up the situation.
When it first started, the Thai government allocated two billion US dollars in foreign exchange reserves. If Feng Yu hadn't joined at that time, Soros and the others would have suffered a lot at that time.
Even if Feng Yu joined, Soros and the others still suffered some losses at first, but they were all within the tolerable range.
The most cruel thing is the central bank's new policy. The offshore lending rate has increased tenfold. This is not an ordinary lending rate adjustment, but an overnight lending rate, specifically aimed at Soros's Quantum Fund, preventing it from selling the Thai baht quickly.
Originally, the interest rate was 10%, but now it is 100%. Soros and his company's costs have skyrocketed.
However, Feng Yu believes that this is not ruthless enough. How can 100% be enough? If it were him, he would raise the overnight interest rate to 1,000% or even 2,000, so that Soros and the others would not be able to borrow Thai baht to sell. If they borrowed it, they would also pay it back. Can't afford interest!
He remembered that in his previous life, the overnight interest rate had really increased to more than 1,000%. He couldn't remember exactly how much it was. Why is it only 100% now? The Bank of Thailand will definitely not be able to scare Soros.
They don't understand Soros's appetite. You must know that Soros established a forward foreign exchange contract of US$15 billion very early, and Soros used a financial company, and the leverage ratio used was even higher. Most of Soros' funds are used to suppress the Thai baht.
…
"Boss, Thailand suddenly launched a series of policies, all of which are aimed at us!" Zhuken Miller reported.
"Humph, I have been waiting for their move. Previously, when we lowered the exchange rate of the Thai baht, they used foreign exchange reserves to bring it back. At that time, we did not get the news in time. But this time, even if they use more We have a lot of foreign exchange reserves, but the news we released is enough for other foreign investors to follow suit, and the Thai government cannot resist it." Soros said confidently.
"But, without the help of Feng and the others this time, won't our funds be enough?" Zhuken Miller was a little worried. After all, their funds have been dispersed a lot, and they have established institutions in many countries in Southeast Asia. Forward foreign exchange futures contracts. Although there is leverage, the actual margin ratio they deliver is not high, but who allows them to open more positions
Each of the countries and regions they were targeting had a forward contract worth no less than 10 billion U.S. dollars, and the funds they had to pay were at least 500 million U.S. dollars!
"When we originally planned, he didn't exist. It's not more if he's too much, and it's not too much if he's less. After the notification, the overnight interest rate was raised, so we borrowed for a longer time and continued to sell the baht!"
(End of chapter)