readx(); "Boss, the Thai baht fell another 5% today. Shuo" reported by He Zhaojihui.
Feng Yu was a little confused. What time was it? How could the Thai baht drop so much again? Soros's main funds are obviously still in the Singapore dollar market.
"What other funds have entered the market?" Feng Yu asked.
He Zhaoji looked around, as if the news could not be heard by others, but it was clear that he and Feng Yu were the only two people in the office.
"Boss, it seems that the Fu family's funds have joined. Fu Rongqi led a large amount of funds to short-sell the Thai baht. The decline of the Thai baht is inevitable." He Zhaoji said in a low voice.
The Fu family took action? So fast? Moreover, Feng Yu didn't know about Fu Rongqi's move.
Fu Rongqi's action would of course be beneficial to Feng Yu and the others. More funds are short-selling the Thai baht. The Thai baht's just-slowed downward trend will inevitably rise again. Feng Yu can deliver this part of the contract as soon as possible and then focus on the currency markets of countries such as the Philippines.
What worries Feng Yu the most is that once Fu Rongqi focuses on other countries' foreign exchange markets, he will relax his attention on the Hong Kong market. This is very dangerous.
When he first attacked the Thai Baht, Feng Yu had invited Fu Rongqi, but Fu Rongqi refused. Now that Fu Rongqi has taken the initiative to join, this is no problem, but he should at least say hello to Feng Yu, right
Feng Yu was just thinking about whether to call Fu Rongqi when the phone on the table rang.
"Nephew Feng Shi, have you seen the change in the Thai baht exchange rate?" Fu Rongqi's proud voice came from the phone.
"Uncle Fu took action, right? With such a big fluctuation, you spent a lot of money, right?"
"Hahaha, it's not a lot. I'm calling you just to tell you that I decided to make a fortune from this investment with you. That old guy Li Ren doesn't plan to join, so he is mainly responsible for guarding Xiangjiang. When it comes to some business cooperation, we let him take the next step. Professor Liang will help pay attention to the financial industry in Xiangjiang. With them here, you don’t have to worry too much."
Feng Yu understood that it turned out that Fu Rongqi had taken all these into consideration, so he would let Li Ren and the others take the next step in business cooperation. This was very reasonable.
"Uncle Fu, what are you planning to attack next?"
"It's definitely not Singapore dollars, hahaha, I'm not old enough to understand this. Are you going to attack Indonesia or the Philippines next? Or Malaysia?"
Feng Yu secretly lamented that a guy like Fu Rongqi, who has grown old and turned into a monster, would not be fooled by superficial situations.
"It should be the Philippines or Malaysia, Indonesia may be a little later."
"Okay, I understand. If our funds are combined, we can be bolder." Fu Rongqi hinted.
The more funds there are, the better the effect will be. What Fu Rongqi means is that he can do less reverse hedging and more short-selling orders.
In this case, they can earn more. The difference in power between US$10 billion and US$20 billion is not simply double.
"Uncle Fu, I suggest that you are still in the dark. This time you will definitely arouse public anger. We cannot bear the blame." Feng Yu hinted.
"Hahaha, of course, we are following the trend. It is a normal financial investment. The ones who really do bad things are Quantum Fund. They are financial speculations!"
Damn it, Feng Yu can't even handle this old guy being so shameless. Feng Yu wanted to push it out, and it would be best if no one noticed, but Fu Rongqi simply wanted to put his hat on the Quantum Fund.
You are investing and others are speculating? In fact, everyone is just speculating. Investment should not harm the interests of others. Look at the collapse of Thailand's economy!
How long has it been since then? More than a dozen large factories in Thailand have closed down. There is no way around it. Many factory owners also speculated in stocks and got trapped. Some even raised money in financial companies, only to lose all their money in one fell swoop.
No one had thought before that the prosperous stock market would collapse so quickly. From a high of more than 1,300 points, it has now become more than 600 points, a drop of more than half.
And this is not over yet, the stock index is still falling, basically few stocks are rising, it seems that all are falling.
The boss has no money, the workers' wages have even been misappropriated for stock trading, and wages cannot be paid, and the workers' property has been locked up in stocks and real estate. They always need money to eat.
So the workers sued the boss, and the boss had no choice but to take the last resort and run away with the money.
Factories continue to go bankrupt, Thailand's economy collapses faster, and the stock market is even less likely to rise.
When a pillar industry collapses, the economy cannot be saved. Thailand has no money, cannot borrow money, and still owes a lot of money. There is not even a country that can help them.
China agreed to help, and ended up providing an aid of one billion US dollars. China's reason is very simple. Our country is poor and our economy is not as good as Thailand's. Look at our per capita income, which is one-tenth of your Thailand's. Besides, we are providing this billion US dollars free of charge. This is already our maximum ability.
What, you want to borrow money? The landlords have no food left. How can we poor families have any money? Don't worry, we have already appealed to the International Monetary Fund for you. If you persist, someone will come to help you.
So Thailand is now in ruins. Their economy has plummeted, and the Southeast Asian countries that work closely with them have been severely affected.
Originally, they thought it was good to lose so much. U Kanshu (wwukanhu.om) At least they saved the real estate, the real estate did not crash, and their economy could still be saved.
But now a large amount of money appears from nowhere and continues to suppress the Thai baht. This must be the Quantum Fund turning around again. How can anyone else have so much money
Instead of suppressing the Singapore dollar, it turned around and attacked our Thai baht. This is because we, Thailand, are easy to bully!
Well, Thailand is so easy to bully now. At least those who speculate in foreign exchange believe that it is inevitable that the Thai baht will continue to fall, but there will definitely be some fluctuations. As long as you hedge and firmly believe that the Thai baht will fall, you will definitely make money!
At present, there are more and more funds speculating on the Thai baht internationally, and the floating exchange rate system cannot save the Thai baht's decline.
At this time, Basong made an appeal on behalf of Thailand: "Soros and Quantum Fund are cunning, bad, and ugly financial speculators. They attack the economies of other countries to make profits for themselves. Such people should be cast aside by the whole world!"
Soros still doesn’t know what’s going on. When I attacked your Thai baht, you said you would lose all my money. Now that I have moved to other countries’ markets, what do you mean by attacking me again
Soros took a look and said, hey, the Thai baht has fallen again, faster than he expected. What's going on? Could it be that another financial giant is taking action
Soros realized now that he was taking the blame. But he didn't even know who was taking the blame. This was so unfair!
But Soros is not afraid of Thailand. He asked his brokers to announce in some financial news that they were normal investments and legal. Moreover, he had said at the beginning that Thailand would lose. Facts have proved that he was right!
Feng Yu was a little curious. Soros stood up and took the blame. What was he going to do
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