Chapter 1234

Although the remaining US $13 billion can indeed eat an empty order of more than 100 billion baht, there was a direct order from the top to give up and continue to maintain the interest rate of baht.

It's not that the high-level people have defected to the enemy, but the high-level people are too smart. They understand that the confidence of the market has been completely destroyed.

Although it is now a list of 100 billion baht, before, ZF in Thailand printed a lot of Thai baht for its interests, with a total scale of about 2 trillion baht.

All these Thai baht were spent by the Thai ZF. Although it brought a lot of economic benefits, all these Thai baht remained in the market.

This is the bubble, a bubble that does not support the real economy.

Now, it's time for these Thai baht to detonate. All those who hold Thai baht can't help selling their Thai baht to stop losses. I'm afraid most of the more than 200 billion Thai baht will return to the market. The remaining more than 10 billion US dollars in their hands can't eat 2 trillion Thai baht.

If forced, there will be only one final result, that is, while the exchange rate of the Thai baht cannot be maintained, the remaining US $13 billion of foreign exchange reserves in ZF's hands will be completely destroyed.

Therefore, the high level issued an order to stop rescuing the market. Although this will certainly collapse the market, it can at least keep the foreign exchange reserve of US $13 billion. After this storm is over, Thailand still has the power to start again.

There is no problem with the consideration of the senior management, but all the promotion and fighting civilians are completely over.

On June 28, Thailand officially announced that the linkage mechanism between the Thai baht and the United States would be lifted and the exchange rate of the Thai baht would no longer be restricted.

This announcement is the announcement that ZF directly gives up.

For a while, the Thai baht fell wildly, directly from the original 30:1 to 72:1 in one day.

On the 29th, it fell directly to 128:1.

Finally, the whole transaction of the Thai baht was completely stopped, because no one was willing to spend money to buy the Thai baht at this time. On the contrary, the decline of the price of the Thai baht was stopped because there was no transaction.

June 29 is a day for everyone to lament, because it is the day when many financial institutions in Thailand settle accounts.

That is to say, so many empty documents must be settled today.

This is also the harvest day of the international airdrop led by Soros.

Previously, in order to harvest the bullets attacking the Thai economy, Soros borrowed more than 300 billion baht from various financial institutions in Thailand as his own bullets with various real estate projects and even directly in US dollars.

In the early stage, Soros continued to smash the plate. At an average price of about 27:1, these more than 300 billion baht were eaten by the market rescue funds of ZF in Thailand, resulting in a total profit of about US $11 billion in the market.

On the day of delivery on June 29, because the exchange rate of the Thai baht has plummeted to 130:1, Soros only needs to spend $2.3 billion to buy 325 billion Thai baht in the market. In other words, various financial institutions in Thailand can get back their various assets as collateral.

Finally, according to the results of the war, Soros didn't spend a penny. He just exchanged 300 billion baht borrowed from others for 11 billion US dollars.

Although $2.5 billion was returned to financial institutions, the remaining $8.5 billion became the profits of Soros and his quantum foundation.

This is the way to recover profits by shorting.

Many people know how to make money by being long, because this is the simplest, buy at a low price and sell at a high price.

But many people don't understand how to make money by shorting, and Soros is the best example.

In the exchange rate market, I first exchange dollars or real assets for other people's money, and then suppress the exchange rate of this currency. Finally, I can harvest the same amount of currency with very low dollars, and then return this currency to the borrower. The dollar price difference during this period is the short profit.

The same is true in the stock market. For example, the Agricultural Bank of China, I first borrowed 10 million shares of the Agricultural Bank of China from financial institutions and agreed to settle and return these shares in a month.

First, I sold all these stocks in the stock market. Assuming that each share is 1 yuan, I will gain 10 million.

As long as the share price of the Agricultural Bank of China falls to 50 cents a share during this period, I can buy 10 million shares of the Agricultural Bank of China again for only 5 million yuan. At that time, I will return the 10 million shares to the securities company and pay hundreds of thousands of interest at most, and I can make a net profit of more than 4 million yuan.

In a word, the $18 billion used by the Thai ZF to rescue the market, as well as the funds used by many small and medium-sized investment institutions and retail investors to fry money, add up to more than $30 billion. In this way, all of them were eaten by Soros and international bears.

They shared the $30 billion and made a lot of money, but it was the ZF and the people of Thailand who were unlucky.

Thailand's foreign exchange reserves have lost more than half, while the Thai people are even more pitiful. Their currency has directly shrunk to the original 16 level in less than a month.

Moreover, this is not the end, just the beginning. Although Soros and others have gone, the confidence of the Thai baht cannot come back. The Thai baht that has lost confidence can only become garbage. It is normal that the exchange rate will continue to fall in the future, even to 200:1.

In the end, the assets of all ordinary people in Thailand will shrink by more than 8 times and the GDP will shrink by 8 times. The fruits of economic development that the Thai people have worked hard for 20 or 30 years will be plundered overnight.

Thailand, which has already embarked on the road of medium developed countries, will also become a poor country again.

In fact, after 1997, Thailand's most developed industry has changed from industry to service industry and into a tourism industry led by human demons.

Ordinary people have completely lost the means to make a living. Both men and women can only rely on showing off their ass and earn some poor money from foreigners.

Fusang has been removed for 10 years, but in fact, under the operation of so-called financial giants such as Soros, Thailand has lost not 10 years, but several generations and the foundation and foundation for the development of a country.

If Thailand wants to rise again, it will have to wait at least more than 50 years. In these 50 years, the vast majority of Thai people will live in dire straits, and people are not as good as chickens.

But what about Soros?

He is still a financial tycoon and is respected by many people as the godfather, financial myth, the greatest man in the world. Anyway, all kinds of titles can be worn on his head, especially the Chinese people, who pursue him very much, just like a myth.

As everyone knows, because of this financial giant, millions of people in Thailand live in poverty, and their life savings have been plundered by him.

The number of people who died directly or indirectly in his hands is as high as thousands. This is a vicious executioner and speculator. His crimes are enough for him to live in hell for 10000 years.

Of course, some people will say that this is finance. There is no right or wrong. As long as you participate in the game of finance, you have to be responsible for your own profits and losses.

There seems to be nothing wrong with this sentence. Since you choose to join the game, you should be ready to be cut leeks.

But how innocent are those ordinary people in Thailand?

They haven't even heard of the word finance. What they do all their life is to dig food from the soil and exchange their mood and sweat for a little poor Thai baht.

As a result, the Thai baht depreciated eight times because Soros had no good and evil finance. Did these farmers participate in finance?

Of course, it's useless to say this, but some people do bad things, they don't want to carry a good name, they have to bear the condemnation of history, otherwise it's really disgusting.