Thailand also asked China for help, and China gave the Thai Ministry of Foreign Affairs a reply: "We are helping you contact the International Monetary Fund, and hope to provide you with assistance through bilateral channels under the arrangement of this organization. This includes emergency free assistance. Aid such as food and medicine, as well as aid such as export credits.”
This reply seems very nice and shows a helpful attitude, but in fact, it is too late at all.
If you want help, help. Why don't you look for the International Monetary Fund? In theory, this organization promotes international monetary cooperation, financial cooperation, etc. When necessary, it can provide assistance to countries in serious economic difficulties. But we are also one of the member countries. This If we need help, we can do it ourselves.
If the International Monetary Fund can take care of it, why should we look to you, China? Chavari was a little angry, but he had no other solution. He borrowed money from countries in Southeast Asia with slightly better relations, and raised a total of 15 billion US dollars, but it did not arrive all at once.
Which region in Southeast Asia currently has sufficient foreign exchange reserves? Huaxia, Baodao, Xiangjiang, and the island country. Among them, the island country refused directly, Baodao did not give a reply, and Xiangjiang expressed that it would study it. After all, Huaxia was the only one who responded happily.
Moreover, someone from China serves as the executive director of the organization, and his efficiency will indeed be much higher than theirs. They must also thank China.
Soros began to worry that if China really took action, he would evacuate immediately. China has more than 100 billion U.S. dollars in foreign exchange reserves, and Xiangjiang has nearly 100 billion U.S. dollars in foreign exchange reserves. If Baodao joins forces with them again, the funds raised by Soros will simply go to waste.
Fortunately, Feng Yu called and informed Soros that he had taken care of the Chinese government and appeased the Xiangjiang government. Neither of these two parties would intervene. At most, they would only give Thailand a little symbolic assistance, leaving Soros alone. Ross steps up selling of Thai baht.
Of course, this was also a threat. What Feng Yu meant was that he could betray him at any time and respond to the opening of a position, causing Soros to lose a lot of money.
If Soros wants to make money, he must increase investment now and crazily suppress the Thai baht. He can no longer hide it. Feng Yu, on the other hand, can sit back and relax and watch the money fall into his pocket.
"Boss, can you believe Feng's words?" Zhuken Miller asked.
"It's better to believe what he has than to believe what he doesn't have. Tell them to keep an eye on Feng's capital movements. If he wants to cheat us, then drag him into the water too. No one will have an easy time!" Soros said viciously.
He is a successful man, but also a somewhat conceited man. There has never been a time when he was so aggrieved. He was actually threatened by someone in his most proud financial aspect.
Although he thinks in his heart that Feng Yu does not have that much energy to make Huaxia and Xiangjiang listen to Feng Yu, if Huaxia and Xiangjiang join now, it will affect the economy of these two regions to some extent. How can their relationship with Thailand be so bad? good!
And once China and Xiangjiang join, wouldn't it be an opportunity for other countries to take advantage of, and they will also be condemned and intervened by international financial institutions.
But even if there is a one percent chance, he is not willing to gamble, not to mention that he is now really capable of reaping the fruits of Thailand's victory, even without Feng Yu.
But in this way, Feng Yu no longer needs to continue investing, and he can continue to short-sell the Thai baht and make money. Maybe he invested three or four times more than Feng Yu this time, but ended up making only twice as much money as Feng Yu. .
Soros has always made the most money in investing. When did others make more money than him
Hum, let me be proud of you here in Thailand. After the Thai economy collapses, the economies of other countries will inevitably form a chain reaction. When the time comes, they will be able to hold back Feng Yu by pretending to attack Xiangjiang!
"Boss, the Thai baht we prepared in Tokyo, are you going to start selling it now?"
"Let's start the final showdown with Thailand!" Soros stubbed out his cigar in the ashtray!
…
"General, it's not good. There has been a large amount of Thai baht selling in the Tokyo market again. It happened very suddenly. We were not prepared for it before." Thailand's Finance Minister reported.
Chawari dropped the tea cup with a bang: "I wasn't prepared before, what did I ask you to do? You are the finance minister, didn't you expect this? I think you are worse than Basong!"
The Finance Minister felt very wronged. Am I not as good as that idiot Bassong? The two previous attempts to defeat Soros were all based on my method. I kept saying that bank management was lax, but you believed Basong and ignored my opinions.
What do you mean now, it's all my fault
"What, you're still not convinced? Give you a chance. Please take the initiative to resign. Don't let me fire you!" Chavari said angrily.
The Minister of Finance felt that his vision was dark. I took the initiative to resign. Does this mean that I will take the blame? I don’t want to see this situation happen. I must be responsible for it, but it can’t be entirely my fault!
But think about Chavari's identity. He is not only the prime minister, but also a general. There is always a gun in the drawer of his office. The person who was shot by Chavari in anger was no longer an official.
The finance minister nodded sadly, acquiescing that the blame fell on him.
"I'm sorry that when our country's economy is in trouble, the finance department can't spend more money to save it. As Thailand's Finance Minister, I cannot bear the blame. But our General Chavari has borrowed With a large sum of dollars, we will definitely be able to defeat international speculators and get our country's finance and economy back on track! Here I announce my resignation as Finance Minister... "
The Finance Minister faced the camera and read listlessly the press release he had prepared last night. He took all the blame on himself and also praised Chavari.
In fact, there is nothing to praise about Chawari. It was during his tenure that Thailand's economy began to decline, and the fiscal deficit increased year after year!
If the Cabinet had seen this crisis earlier and thought of countermeasures, would the situation be like today
The Finance Minister finally turned around and left in tears, leaving the Thai people with a lonely figure.
When they saw this news, Feng Yu and Soros were very excited. This is really a bad move!
The resignation of the Finance Minister will not only fail to save the confidence crisis of Thai residents, but will actually aggravate it. And not only the public has lost confidence in the Thai government, those foreign investors who have not yet fled must not want to make money by bargain hunting, but immediately buy U.S. dollars to hedge their foreign exchange risk exposure.
Some speculators will even short-sell the Thai baht. Not only can they stop losses, but they may also make a fortune.
Chavari thought that the loan of US$15 billion would be enough to support China. He believes that after China returns to Hong Kong, it will support Thailand through Hong Kong, but now it seems that... it will not last until that time.
~~ Recommended to friends "The Diplomat Who Can Time Travel" written by heavy rain last night ISBN: 3602374 (To be continued.)
(End of chapter)